Recent analysis of new home sales data by the NAHB’s Eye on Housing reveals that the share of cash purchases has climbed in each of the past three quarters to reach a 20-year high of 9.5% (14k sales). Click here to read more.
Cities Where For Sale Inventory is Dropping Most
The U.S. Government is reporting that sales of new single-family houses in August, 2022 were at a seasonally adjusted annual rate of 685,500, which is 28.8% higher than July’s revised rate and is 0.1% lower than one year ago. Click here to read more.
Yardi Says Multifamily Rents Stand Still in September
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,718 in September, the same as in August. Click here to read more.
CoreLogic’s HPI Says Home Prices Up 13.5% in August
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 13.5% in August 2022. Click here to read more.
The Uneven Geography of Remote Work
A recent report from the Economic Innovation Group says it goes without saying that remote work has increased dramatically since before the pandemic. They say the rise in what they call “telework” offers new opportunities for the economic development of communities across the country by loosening the grip that superstar cities have on skilled knowledge workers. Click here to read more.
Stock of Occupied Homes in the U.S. by Decade Built and Building Type
A recent “chart of the week” from the Mortgage Bankers Association illustrates the current stock of occupied homes in the U.S. by the decade built and by building type. Click here to read more.
Mortgage Interest Rates & Purchasing Power
Recently, the news has been full of headlines about rising interest rates and how they will affect potential home buyers. The folks over at Keeping Current Matters reminds us that rising rates impact purchasing power by raising the buying costs as well as limiting how much a buyer can comfortably afford. Click here to read more.
Watch Your Words
Jane Garvey says it’s no secret that attitude can be everything in making things happen. Believing that we can achieve our dreams is one of the most surefire predictors of whether we will or won’t. So, how do we use this knowledge to our advantage? Click here to read more.
Pumped for Halloween
Infographic: With “All Hallows’ Eve” and its subsequent candy begging quickly approaching, a recent graphic from the U.S. Census Bureau shows us places & population across the nation with sweet-sounding names. 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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