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Author Archives: Demetria Lester

Demetria C. Lester is a reporter for DS News and MReport magazines with more than eight years of writing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A former editor-in-chief at Northlake College and staff writer at her alma mater, the University of Texas at Arlington, she has covered events such as the Byron Nelson and Pac-12 Conferences, progressing into her freelance work with the Dallas Wings and D Magazine. Currently located in Dallas, Texas, Lester is an avid jazz lover and likes to read. She can be reached at [email protected].

New Home Listings Experience Largest YoY Increase in Over Two Years

“Mortgage rates are dropping due to easing inflation and investors betting the Fed will cut interest rates sooner than expected," said Redfin Economics Research Lead Chen Zhao. “Declining rates, along with a sizable year-over-year increase in new listings, are leading to more favorable conditions for some buyers."

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Organizations Call on FHFA to Lower Housing Costs for Renters, Homeowners

In a letter, nearly 80 consumer, energy, housing, health, manufacturing, and environmental organizations called on the Federal Housing Finance Agency to help lower costs and make housing safer and healthier, in addition to suggesting requirements that all new homes with mortgages backed by Fannie Mae and Freddie Mac meet updated energy codes.

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Report: Foreclosure Activity Trends Increasing

“The silver lining of this trend is that it’s usually local or regional investors seeking to purchase commercial REO properties, often to launch new concepts or businesses,” said Michael Krein, President of the NRBA. “They keep the community moving forward by getting these properties back into the market and retail sectors.”

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Where Can U.S. Renters Get the Biggest Bang for Their Buck?

As apartment rentals become increasingly hard to come by, spurring widespread competition, a new RentCafe report revealed which U.S. cities offer the most space for the national rent average of $1,700, giving Americans the opportunity to get the best bargain for their money.

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Inventory Inches Up as New Listings Soften

"October had some encouraging signs—especially compared to a year ago," said Nick Bailey, President and CEO of RE/MAX. "Given the interest rate environment, it was good to see the trend of monthly inventory gains continuing, and prices appear to be stabilizing for the moment.”

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Concessions Drawing in More Renters

According to a new Zillow report, as renter demand heightens, there is a corresponding nationwide increase in concessions, with more landlords and property managers offering perks to entice potential tenants.

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