This week’s Weekly Round Up!

A recent report from RentCafe says the number of millionaires who rent has tripled, while high-income renters earning $150k + has reached reach 2.6 million – among them is a new ritzy kind of tenant which they call “the millionaire renter.” Click here to read more.

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.5% in January, 2023. The all items index was up 6.4% for the 12 months ending in January. Click here to read more.

The folks over at the Tax Foundation recently put together some numbers showing combined sales tax rates (state & local where applicable) for each state. Click here to read more.

On a recent episode of Real Estate News for Investors, Kathy Fettke discusses what’s ahead for single-family rentals and build-to-rent homes, the economy and a look at why Los Angeles landlords may be fuming right now, over a new law. Click here to read more.

 

With all the recent issues & problems involving parties in short-term rentals, VRBO is taking steps to mitigate this by deploying what it calls a “new unauthorized event prevention technology.” FOX News is reporting that this new program was responsible for blocking over 500 event-related bookings in the first 12 months of being piloted in the U.S. Click here to read more.

Citing data from the most recent American Community Survey, The NAHB’s Eye on Housing says the median age of owner-occupied homes in the U.S. is 40 years. Click here to read more.

A recent report by the Wall Street Journal says travel booking companies such as Airbnb and Expedia have become “unlikely beneficiaries” of the Federal Reserve’s fight against inflation. Huh? Apparently, Airbnb & Expedia have been investing billions of dollars of their customers’ money for their own profit and, thanks to rising interest rates, the returns on these investments are higher than ever. Click here to read more.

Infographic: The National Association of Realtors is reporting that, in Q4 2022, seven of the 10 metro areas with the largest percent gains in existing single-family home prices were in Florida, North or South Carolina and the others were in New Mexico, Texas, and Wisconsin. Click here to read more.

National REIA is proud of our association’s and their member’s contributions to their communities. We promote a spirit of “giving back” throughout our industry. Real Estate Investing has enhanced our lives and given us success so our mission to positively impact our communities is at the core of what we do.

 

If you have a great story of how you have made an impact in your community or you have a member that has done amazing work to contribute, please take a moment to submit the story to Caleb@nationalreia.org for inclusion in our publications, social media, and our website. We are excited to hear how our industry and those of us in it have made a positive difference to our communities and society at large!