Black Knight Says 8% of Mortgaged Homes Purchased in ’22 are Underwater
According to Black Knight’s latest Mortgage Monitor, 8% of all homes purchased with a mortgage in 2022 are now at least marginally underwater and nearly 40% have less than 10% equity stakes in their home, a situation most concentrated among FHA/VA loans. Click here to read more.
Metros Where Sellers Are Cutting Prices
Recently we posted about the record number of delistings. Now, a recent report form Realtor.com says that in several U.S. metros, as many as half of the homes on the market have cut their listing prices. Click here to read more.
Foreclosure Completions Increase 64% Annually in November ’22
According to ATTOM Data’s latest U.S. Foreclosure Market Report, there were 30,677 U.S. properties with foreclosure filings. This figure was up 57% from one year ago but down 5% from October. Click here to read more.
Zillow’s 10 Best Metros for First-Time Home Buyers in 2023
A recent analysis from Zillow says as the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels, Wichita, Kansas tops the list for for potential first-time home buyers. Click here to read more.
Housing Market “Extremely Unaffordable” Right Now Says Black Knight VP
On a recent episode of CNBC’s Exchange, Andy Walden, Black Knight’s VP of Enterprise Research, discussed what he thinks are keeping homebuyers away from purchasing, what pent-up housing demand means for the market in 2023 and other housing-related issues. Click here to read more.
What Languages Are Spoken in the United States?
The U.S. Census Bureau says that the number of people in the U.S. who spoke a language other than English at home nearly tripled from 23.1 million (roughly 1 in 10) in 1980 to 67.8 million (almost 1 in 5) in 2019. Click here to read more.
The Blame Game is a No-Win for Landlords
Scot Aubrey says if you’ve spent more than 30 seconds in the last year watching cable news, you are more than familiar with something called “the blame game.” Regardless of political party affiliation, age, race, gender, sexual preference or any of a host of other categories, it appears that our society has become a place of great divide. As a landlord you are not immune to this growing epidemic of blame and in fact, you’re likely to take more than your fair share of blame when it comes to tenants and their problems. Click here to read more.
America’s Demographics Over 100+ Years
Infographic: The folks over at the Visual Capitalist remind us that America has famously been called a melting pot, due primarily to the demographic makeup of its various cultures, races, religions, and languages. 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.