This week’s Weekly Round Up from National REIA

The U.S. Government is reporting that sales of new single-family houses in October, 2022 were at a seasonally adjusted annual rate of 632k, which is 7.5% higher than September’s revised rate and is 5.8% lower than one year ago. Click here to read more.

Prices for Building materials have been decreasing the past few months, according to recent data analyzed by the NAHB’s Eye on Housing. Click here to read more.

Last week, we posted about how Airbnb rolled out new software to screen & prevent parties. Now, CNBC’s Diana Olick reports that Airbnb has a new program allowing tenants to host their apartments on the Airbnb platform. The Wall Street Journal says some of the biggest landlords & property managers in the country have partnered with them as well. Click here to read more.

Realtor.com says many investors especially smaller ones, have recently “slammed the brakes” on their purchases as the housing market has shifted. They say in some parts of the country where investors competed directly with first-time and other buyers, investors have been beating a what they call a hasty retreat. Click here to read more.

The National Multifamily Housing Council says “Econ 101” is the real reason rental rates have been rising in recent months and not price gouging, as many have been quick to say. Click here to read more.

According to the Black Knight’s First Look report for October, 2022, mortgage delinquencies were Up 4.5%, driven by a sharp 9.4% rise in 30-day delinquencies. Click here to read more.

Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in November, 2022 was $1,491 and the median two-bedroom rent was $1,825. Click here to read more.

Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in November, 2022 was $1,491 and the median two-bedroom rent was $1,825. Click here to read more.

Infographic: Well, it’s now December and Christmas will be here before you know it! Our friends at The Home Depot put together this handy Christmas lights reference chart so you can have the brightest house on the block! Click here to read more.

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!