The Weekly Round Up

30Aug

The Weekly Round Up
Your weekly news & updates
Here is this week’s “Weekly Roundup” from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association.
Existing Home Sales Up 1.3% in July

The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 3.89 million  – and down 5.4% year over year.  Click here to read more.
New Home Sales Up 10.6% in July

The U.S. Government is reporting that sales of new single-family houses in July, 2024 were at a seasonally adjusted annual rate of 739k, which is 10.6% higher than June’s revised rate and is 5.6% higher than one year ago. Click here to read more.
NREIA Statement on the CFPB’s Recent Actions Regrading Contracts for Deed

Last week we posted about the Consumer Protection Finance Bureau’s (CFPB) efforts to go after contracts for deed. National REIA released the following statement as a response to their effort. Click here to read more.

 
Household Debt Rises to $17.8 Trillion

A new report from the New York Fed says household debt has risen to $17.80 trillion (up 1.3%) in Q2 2024, according to their latest Quarterly Report on Household Debt and Credit. Click here to read more.
Local Market Monitor’s National Economic Outlook for August ’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.

 
New Rules from NAR Change the Game of Buying a Home

We’ve had several posts about the lawsuit affecting realtor commissions. On a recent episode of Real Estate News for Investors, Kathy Fettke says gone are the days of a casual home tour with a real estate agent you’ve just met. Click here to read more.
CoreLogic Says Single-Family Rents Continue to Hold Steady

According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to hold steady in June 2024, with prices posting a 2.9% gain year-over-year. Click here to read more.
How High are the Gas Taxes in Your State – 2024?

The Tax Foundation says states tax fuel in several ways, including sales taxes, per-gallon excise taxes collected at the pump, taxes imposed on wholesalers, and a variety of operational taxes, such as underground storage tank fees, that are often charged to the retailer. Click here to read more.
Happy Labor Day 2024

Infographic: This Monday, September 2nd is Labor Day. The annual 3-day weekend marks the unofficial end of Summer and ushers in the cool Fall season – although Fall doesn’t officially begin until September 22nd. Click here to read more.
Check out the latest issue of reiaSENSE

Check out the latest issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.

 

 
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To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.

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