Check out this week’s Weekly Round Up!

01Dec

Check out this week’s Weekly Round Up!
Your weekly news & updates
Here is this week’s “Weekly Roundup” from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association.
Existing-Home Sales Hits Lowest Level in 13 Years

The National Association of Realtors is reporting that existing home sales were down 4.1% in October to a seasonally-adjusted annual rate of 3.79 million (down 14.6% year over year). Click here to read more.
NAR’s Lawrence Yun Expects Mortgage Rates in 6% Range Next year

On a recent episode of CNBC’s Squawk Box, NAR chief economist Lawrence Yun discussed the state of the housing market, why he believes it’s a strange market of record-high home prices, deep-slumping home sales, and other industry-related issues. Click here to read more.
VA Pauses Loan Foreclosures for 6 Months

The Army Times is reporting that the U.S. Department of Veterans Affairs is pausing foreclosures on homes financed with VA loans for 6 months. Click here to read more.

 
New Home Sales Down 5.6% in October

The U.S. Government is reporting that sales of new single-family houses in October, 2023 were at a seasonally adjusted annual rate of 679k, which is 5.6% lower than September’s revised rate but is 17.7% higher than one year ago. Click here to read more.
Foreclosure Starts Rose in October

According to Black Knight’s latest Mortgage First Look, foreclosure starts rose to 33k in October – their highest levels in 18 months. Click here to read more.

 
America’s 10 Cheapest Housing Markets

Realtor.com says there are still some affordable cities where buying a house isn’t just a pipe dream but can become a reality. Click here to read more.
Why Taxes Could Be Higher in Retirement: A Comprehensive Look

Carl Fischer says retirement is often seen as a time to relax and enjoy the fruits of one’s labor. However, many retirees are surprised to discover that their tax burden doesn’t necessarily decrease in their golden years. Click here to read more.
Trust in Media Reaches New Low

Infographic: Statista reminds us that a “free press is essential to holding governments accountable and informing the public, thus enabling voters to partake in political debate and make qualified decisions.” However, as they illustrate in today’s graphic, an increasing number of Americans do not trust the media. Click here to read more.
reiaSense – September 2023

Check out the September 2023 issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.

 

 
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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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