The National Association of Realtors is reporting that pending home sales were up 0.8% in February, 2023 – the third month in a row. The NAR’s Pending Home Sales Index increased to 83.2 in February. Click here to read more.
S&P CoreLogic Case-Shiller Reports 3.8% Annual Home Price Gain
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.8% annual gain for January, 2023. Their 10-City Composite annual increase came in at 2.5% and their 20-City Composite posted a 2,5% year-over-year gain. Click here to read more.
Home Sellers Can Sue as Class Action Against NAR & Brokerages, Federal Judge Says
In late March, a federal judge in in Northern Illinois said home sellers accusing the National Association of Realtors (and a group of real estate brokerages) of conspiring to inflate commission rates can move forward as a class action lawsuit. Click here to read more.
Zumper’s National Rent Report for March ’23
Rental information site Zumper recently released their latest monthly National Rent Report for March, 2023. According to their data, rent for 1-bedroom apartments was $1,494 and the median two-bedroom rent was $1,833. Click here to read more.
FHFA Says Home Prices Up 5.3% Year-Over-Year
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 5.3% from January 2022 through January 2023. Click here to read more.
Assistance Animals…A Fourfold Challenge
Victoria Cowart says in operations, we all feel pressured to have a certain depth of knowledge on critical topics. This pressure rises to another level when the subject touches the work of our on-site, centralized, supervisory, and corporate team members. That pressure increases to a whole new level when it touches the lives of our applicants, residents, and possibly even our guests with disabilities. Click here to read more.
Average Apartment Size Shrinking as Studios & 1-Bedrooms Gain Share
Rentcafe says the rising demand for rentals is affecting the size of newly built apartments in a negative way. They point out that in 2022, the average apartment size was 887 square feet. Click here to read more.
Where are America’s New Home-Building Boomtowns?
Realtor.com says not all corners of the U.S. are quite as “new-home parched” as others. They say there are many places across the nation where builders are putting up new homes to meet growing demand – especially in areas where the dollar stretches further. Click here to read more.
Happy Easter ’23!
Infographic: This Sunday, April 9th is Easter. Each year the holiday falls on the first Sunday following the full moon after the vernal equinox. Interestingly, the date fluctuates each year between March 22nd and April 25th. Click here to read more.
Have you made a positive difference to our communities and society at large?
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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