U.S. Homeownership & Rental Vacancy Rates for Q3 2022
The U.S. government is reporting that the national vacancy rates for Q3, 2022 were 6% for rental housing and 0.9% for homeowner housing. The national homeownership rate for Q3, 2022 was 66%. Click here to read more.
All Cash New Home Sales Outnumber FHA-Backed for the First Time Since 2007
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.
Zombie Properties Up Slightly
According to the ATTOM Data’s Q4 2022 Vacant Property and Zombie Foreclosure Report, there were 1.3 million (1,277,162) residential properties in the United States sitting vacant, representing 1.3%, or one in 78 homes. Click here to read more.
MBA Says Mortgage Payment to Rent Ratio Highest Since 2009
A recent Chart of the Week from the Mortgage Bankers Association says the mortgage payment to rent ratio (which was 1.46 in September) is the highest that it has been since the beginning of their series in 2009, with the chart below illustrating this fact. Click here to read more.
Top 10 Emerging Real Estate Markets in Q3 2022
As we’re rounding third and heading for home to close out this year, Realtor.com says “forget simple curb appeal” there are affordable real estate markets that offer some much-needed relief from soaring prices and punishing inflation that are attracting homebuyers. Click here to read more.
Bold Predictions on How Supply-Chain Challenges Will Affect Real Estate Investing & Material Prices
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Jeff Davis, managing partner of Bridgestone Capital, who solves complex supply chain issues for clients all over the globe. Click here to read more.
Record Number of Buyers Migrate from One Metro to Another
A new report from Redfin says surging mortgage rates and persistently high home prices are motivating many of the home buyers to relocate to more affordable areas, but they say migration may slow as the economy continues to soften. Click here to read more.
Five Facts About Veterans Day
Infographic: Today, Friday, November 11th is Veterans Day… Here’s a little history about this important day; In 1918, the armistice of the First World War officially took effect on the 11th day, of the 11th month, at the 11th hour. 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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