This Friday’s Weekly Roundup

19Jul

This Friday’s 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.
Biden Proposes Cap on Rental Increases Nationwide

Various news outlets are reporting that President Joe Biden is proposing a 5% cap on rental increases, in effect implementing de-facto rent control, nationwide. Biden’s plan will cap rent increases to 5% annually for landlords with more than 50 units but, it will reportedly face stiff opposition in Congress. Click here to read more.
Blue-State Residents Are Fleeing to Red States

A recent report from Realtor.com says Blue-State residents are fleeing to Red States for lower house Prices – but Locals Warn, ‘Don’t Bring … Politics’. Click here to read more.
Inflation Up 3% Year-Over-Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1% in June, 2024.  The all items index was up 3% for the 12 months ending in June.  Click here to read more.

 
ICE Mortgage Monitor – July 2024

According to the latest ICE Mortgage Monitor (formerly Black Knight), the national delinquency rate fell 6 basis points (bps) year over year to 3.04% in May – he second lowest point on record. Click here to read more.
U.S. Employment Situation – June 2024

According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 206k in June, 2024 with the unemployment rate rising slightly to 4.1%.  Click here to read more.

 
Senior Housing Faces Shortfall

On a recent episode of Real Estate News for Investors, Kathy Fettke says senior housing is suddenly becoming a critical issue as the oldest baby boomers turn 80 next year.  Click here to read more.
ADP National Employment Report

According to the ADP National Employment Report for June, 2024, private employers added 150k jobs in May – slowing for the third consecutive month.  Click here to read more.
GDP and Personal Income by State for Q1 2024

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,739 (up $4) in June, 2024.  Click here to read more.
Snapshot of the Nation’s Housing Stock

Infographic:  The Census Bureau’s Population Estimates Program (PEP) produces estimates of the population for the United States.  In addition, they also produce housing unit estimates for the nation, states, and individual counties.  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.

 

 
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.

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