The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 1.3% in July, 2022. However, the all items index was up 8.5% for the 12 months ending in July. Click here to read more.
NAA’s Key Takeaways from the White House Eviction Summit
The National Apartment Association recently shared their takeaways from the White House summit on evictions, which took place last month. The Biden Administration invited federal, state and local policymakers, as well as community advocates, to share feedback on strategies for limiting evictions in the U.S. rental housing market. However, notably missing were representatives from the housing industry. Click here to read more.
ARM-Backed Home Purchases Are Way Up
CoreLogic says that adjustable-rate mortgages (ARMs) are up significantly amid rising interest rates and they say homebuyers & investors are flocking to ARMs for better affordability and yields. Click here to read more.
Yardi Says Multifamily Performance Remains Strong
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in July increased $10 to another all-time high of $1,717 (up 12.6% year-over-year). Click here to read more.
Home Building Industry Faces Glut of Inventory
Bloomberg is reporting that the supply of new homes on the market has climbed to its highest level since 2010. They point out that builders are suddenly finding themselves with a glut of unsold homes. Click here to read more.
Mortgage Delinquencies Decrease in Q2, 2022
The Mortgage Bankers Association is reporting that mortgage delinquency rates have dropped to their lowest level since 1979 (their survey’s inception). Click here to read more.
It’s Time to Review Your Portfolio’s Insurance Values
In the Summer issue of the RE Journal, Mark Gannaway from Arcana / Millennial Specialty Insurance said; “It’s no secret, the days of purchasing single family homes for investment purposes has become extremely competitive and challenging for the average buyer. No doubt it’s a sellers’ market, especially in major metropolitan areas…Overpaying for a property typically leads to an unsuccessful ending, especially if you’re financing the property with a lender.” Little did he know that few years later he would still be writing about the same topic but with an added twist, the cost of inflation when it comes to settling an insurance claim. Click here to read more.
28 Types of Windows
Infographic: The Daily Infographic reminds us that windows are one of the most important parts of a home and that’s why it is essential to choose the right ones for your house, flip or rehab project. 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!
Stay up to date:
To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.