REI INK

Q3 National Rent Analysis Reveals Double-Digit Increases

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75% of cities saw double-digit rent increases for SFRs Rentometer has released their Q3 2022 rent statistics for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential asset classes, but this report is focused on SFRs because they are one of, if not the most, active residential rental asset classes today. Rentometer’s president, Mike Lapsley, commented that “we have increased our coverage and monitoring of the

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WORD OF THE DAY: Apothegm

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[AP-ə-them] Part of speech: noun Origin: Greek, 16th century Definition: A short, witty, instructive saying; A terse or brusque instruction Examples of apothegm in a sentence “My grandmother loved to give advice with an apothegm, such as, ‘An apple a day keeps the doctor away.’” “An apothegm may be clever and easy to remember, but it doesn’t always address a full problem.” About Apothegm An apothegm is a short and sweet phrase that’s supposed to

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Finance of America Sharpens Focus on Specialty Finance and Services Business, Plans to Discontinue Forward Mortgage Originations

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Strategic pivot aimed at enabling greater investment in high-growth business including reverse mortgages, home improvement & commercial loans, and lender services Finance of America Companies Inc. (the “Company” or “FOA”), a leading specialty finance solutions platform, announced its decision to discontinue the operations of its forward mortgage originations segment across both retail and wholesale channels by the end of the year. The Finance of America Strategy FOA was created to

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WORD OF THE DAY: Anaphora

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[ə-NAF-ər-ə] Part of speech: noun Origin: Greek, late 16th century Definition: The repetition of a word or phrase at the beginning of successive clauses. The use of a word referring back to a word used earlier in a text or conversation, to avoid repetition. Examples of anaphora in a sentence “I received high marks on my English paper thanks to the succesful use of anaphora.” “The poem employed anaphora with the use of the

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HOME-SELLER PROFITS DROP ACROSS U.S. IN THIRD QUARTER AS HOUSING MARKET BOOM EASES

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Profit Margins on Typical Home Sales Dip Three Points Quarterly Amid Decline in National Median Price; Investment Returns Remain Near Record Levels, But Decrease at Fastest Pace in 11 Years; Median U.S. Home Value Down 3 Percent Quarterly During Peak Selling Season ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family

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Nation’s Longest Home Price Boom Ends with Prices Declining from Peaks in Almost All of the Nation’s 60 Largest Metros

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The Nation’s longest home price boom has ended after a run-up lasting 10½ years. Since prices peaked in June, we have had Month-on-Month declines of 0.5%, 0.4%, & 0.2% in September, August, & July respectively, according to data from the American Enterprise Institute’s Housing Center. Out of the 60 largest metros, 51 have had a decline from their respective peak home price levels, and only 2 are still growing. San Jose, San

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