Real estate investing is on the rise according to multiple new reports, starting with Redfin. According to Lily Katz and Sheharyar Bokhari: Investors made up 18.2% of all U.S. home…
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Housing prices to slow in 2022: Report
Housing prices aren’t slowing down, but according to a new report 2022 may see a flattening of the housing market. Jessica Dickler of CNBC opened up the week reporting that…
Freddie Mac: On-time rent payments now allowed on credit reports
Lily Katz of Redfin opened up this week discussing new data on affordable homes, noting that the supply of the most affordable homes on the market jumped 13% year-over-year in…
Speed of home sales slows in October 2021
According to a recent Redfin report, a third of sold homes in the past month went under contract within seven days of listing. This pace has been increasing, during a…
🎃 Creepin’ it real estate [not for the faint of heart]
Happy Halloween to all the Stessa Newsletter subscribers! We’ve collected a few spooky and fun news stories that we think you’ll enjoy. According to Realtor Magazine, the Nightmare on Elm…
Foreclosures rising [But not like 2008]
ATTOM Data Solutions released its quarterly foreclosure report, finding that properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) increased 34% quarter-over-quarter, and 68% year-over-year. If you look…
35% of sellers said WFH was the reason they sold
New Zumper data shows that similar to housing prices, rents continue to rise with no signs of slowing. Median one-bedroom rent now sits at $1,352, and $1,663 for two-bedrooms. Source: Zumper…
Berlin calls to expropriate apartments
Last week, Realtor.com reported that interest rates rose above 3%, the biggest jump since February, and ending a 7-week streak of little or no movement. Source: Realtor.com According to Danielle…
The looming Evergrande collapse and impact on real estate
Jeff Andrews of Zumper started off this week with a rent data report, noting that national rent growth accelerated significantly throughout 2021 after stagnating last year. Specifically, “relative to March…