The National Association of Realtors is reporting that existing home sales were down 1% in December to a seasonally-adjusted annual rate of 3.78 million (down 6.2% year over year) – their lowest level since 1995. Click here to read more.
CoreLogic Says Home Price Growth Speeds Up Again in November
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 5.2% in November 2023, the strongest annual growth rate recorded since January 2023. Click here to read more.
Local Market Monitor’s National Economic Outlook for January ’24
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
Housing Starts Down 4.3% in December
The U.S. government is reporting that privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,460,000, which is 4.3% lower than November’s revised number and is 7.6% higher than one year ago. Click here to read more.
ATTOM’s Year-End 2023 U.S. Foreclosure Market Report
According to ATTOM Data’s Year-End 2023 U.S. Foreclosure Market Report, there were 357,062 U.S. properties with foreclosure filings– representing 0.26% of all U.S. housing units, up slightly from 0.23% in 2022, but down from 0.36% in 2019 and down from a peak of 2.23% in 2010. Click here to read more.
Top 10 Cities for First-Time Homebuyers in 2024
Realtor.com says that with now that mortgage rates are falling and the number of homes for sale has begun to rise, many would-be buyers are ready to jump back into the market. Click here to read more.
A System and Discipline
Tony Youngs says he remembers when he attended his first seminar back in the 80’s the speaker said you have to have a system and discipline. He knew what the system was because he was teaching it. But Tony did not know what the discipline was until he began to apply the system. The discipline is that you have to take the action to make the system work properly. Click here to read more.
Inflation Ticks Up as Housing Costs Rise
Infographic: We recently posted the latest inflation numbers, where we saw that the index for shelter was the largest factor in the monthly increase in the index – contributing over half of the monthly all items increase. 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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