The Weekly Roundup

29Jun

The Weekly Roundup
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 Down Slightly in May

The National Association of Realtors is reporting that existing home sales were down 0.7% in May to a seasonally-adjusted annual rate of 4.11 million – down 2.8% year over year. Click here to read more.
Housing Starts Down Nearly 20% from 2023

The U.S. government is reporting that privately‐owned housing starts in May, 2024 were at a seasonally adjusted annual rate of 1,277,000, which is 5.5% lower than April’s revised number and is 19.3% lower than one year ago. Click here to read more.
CFPB Wants to Ban Medical Bills from Credit Reports

The Consumer Financial Protection Bureau (CFPB) recently proposed a rule that would remove medical bills from most credit reports. In addition, the new rule would prevent debt collectors from using the credit reporting system to collect debt. Click here to read more.

 
Foreclosure Activity Up in May

According to ATTOM Data’s May 2024 U.S. Foreclosure Market Report, there were a total of 32,621 U.S. properties with foreclosure filings – up 3% from a month ago but down 7% from a year ago. Click here to read more.
VA Updates Home Loan Benefits Allowing for Paying of Brokerage Fees

In response to the National Association of Realtors reaching a settlement in a class-action lawsuit requiring them to change its brokerage fee rules, the U.S. Department of Veterans Affairs recently announced an update to help ensure that Veterans using the VA-guaranteed home loan benefit remain competitive buyers. Click here to read more.

 
The Truth Behind Tenant Credit Scores

On a recent episode of the Rent Perfect podcast David Pickron sheds light on the reality behind rising credit scores and why, as a landlord, you may need to dig a little deeper to understand your tenants’ ability to make rental payments. Click here to read more.
Local Income vs. Sales Taxes

Recent analysis from the Tax Foundation says property taxes remain by far the most important source of local revenue in the U.S, generating about 72% of local tax collections. Click here to read more.
AAA Says Close 71 Million People Expected to Travel over July 4th

The venerable AAA predicts that close to 71 million Americans will travel 50+ miles from home over the week of 4th of July – an increase of 5% over 2023. Click here to read more.
America is 248 Years Young!

Infographic: Next Thursday, July 4th, will mark 248 years of America’s independence! Today’s infographic takes a look at the Fourth of July “by the numbers” and provides insight into this holiday that we Americans hold dear. 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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