Existing-Home Sales Drop 0.7% in January
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| The National Association of Realtors is reporting that existing home sales were down 0.7% in January to a seasonally-adjusted annual rate of 4 million (down 36.9% year over year). Click here to read more. |
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Housing Starts Down 21% from One year Ago
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The U.S. government is reporting that privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,309,000, which is 4.5% lower than December’s revised number and 21.4% lower than one year ago. Click here to read more.
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CoreLogic: Home Prices Up 6.9% Year-Over-Year
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According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 6.9% in December 2022. Click here to read more.
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Apartment List 2023 Renter Migration Report
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Surprise – A recent report from Apartment List says 40% of their users were searching for their next home in a different metro from where they currently reside, and 27% were searching in a new state entirely. Click here to read more.
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Redfin Says Investors Buying Half as Many Homes as They Were a Year Ago
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A new report from Redfin says that investor purchases of U.S. homes fell a record 45.8% year over year in Q4 2022. They said the high cost of borrowing money and the prospect of substantial home-price declines have made real estate investing less attractive. Click here to read more.
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Single-Family Built-for-Rent Growth Was Strong in 2022
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Recent data crunched by the NAHB’s Eye on Housing says single-family built-for-rent construction ended 2022 strong with a rising total market share. Click here to read more.
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Local Market Monitor’s National Economic Outlook for February ’23
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Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
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SECURE Act 2.0: What it Means for Americans’ Retirement Saving
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John Bowens says President Biden signed the 2023 Consolidated Appropriations Act, an Omnibus Bill, on December 29, 2022. Included in this bill is the SECURE 2.0 Act (SECURE Act 2.0), a set of provisions related to retirement savings accounts. What’s in SECURE Act 2.0, and what does this mean for Americans and their retirement savings accounts? Click here to read more.
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The U.S. Cities that are Drowning in Debt
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Statista says 50 out of the 75 largest cities in the U.S. are currently running a deficit and, in some cases, a pretty hefty one. Click here to read more.
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Have you made a positive difference to our communities and society at large?
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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!
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To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.
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