Despite Pleas from Landlords, Los Angeles Extends Ban on Evictions
Los Angeles’ Channel 7 (KABC) is reporting that, despite pleas from frustrated landlords, the LA City Council voted 11-1 in late July to extend the city’s emergency declaration allowing their eviction moratorium to continue indefinitely. Click here to read more.
Pending Home Sales Drop 8.6% in June
The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022. Click here to read more.
New Single-Family Home Sales Down 8.1% in June
The U.S. Government is reporting that sales of new single-family houses in June, 2022 were at a seasonally adjusted annual rate of 590k, which is 8.1% lower than May’s revised rate and is 17.4% lower than one year ago. Click here to read more.
Zumper’s National Rent Report for July
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in July, 2022 was $1,450 (up 2% from June) and the median two-bedroom rent was $1,750 (up 2% from June). Click here to read more.
U.S. Construction Spending Up 1.1% in June
The U.S. government is reporting that total construction spending in June, 2022 was at a seasonally adjusted annual rate of $1,762.3 billion, which is 1.1% higher than May’s revised estimate and 8.3% higher than one year ago. Click here to read more.
FHFA Says Home Prices Up 18.3% from 2021
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 1.4% in May and were up 18.3% from May 2021 to May 2022. Click here to read more.
S&P CoreLogic Case-Shiller Index Shows 19.7% Annual Home Price Gain
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.7% annual gain for May, 2022. Click here to read more.
Here is an Ounce of Prevention
Jeff Watson says that the second half of 2021 real estate taxes will be due and owing either this week or the next for many of you. He wants to share something he has noticed recently in three similar cases which have across his desk in the last five weeks – which means it’s something that deserves our attention. Click here to read more.
The Salary You Need to Buy a Home Across America
The Visual Capitalist says depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In their graphic today, they illustrate the annual salary needed for home ownership in 50 different U.S. cities. Click here to read more.
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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