This Week’s Weekly Roundup

20Sep

This Week’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.
Inflation Up 2.5% Year Over Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in August, 2024 (same as July).  The all items index was up 2.5% for the 12 months ending in August.  Click here to read more.
CoreLogic’s US Home Price Insights – September 2024

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.3% in July 2024 compared with July 2023.  Click here to read more.
Apartment List’s National Rent Report – August ’24

According to Apartment List’s National Rent Report for August 2024, national median rent dropped 0.1% to $1,412.  Click here to read more.

 
Foreclosure Activity Continues to See Declines

According to ATTOM Data’s August 2024 U.S. Foreclosure Market Report, there were a total of 30,227 U.S. properties with foreclosure filings – down 5.3% from one month ago and down 11% from a year ago.  Click here to read more.
California Homeowners Sue City over $20k Inclusionary Zoning Fee

It was just about a year ago that we learned that California was encouraging the development of ADUs (accessory dwelling units).  However, in September 2024 the Pacific Legal Foundation filed a lawsuit against the city of Healdsburg, California, arguing that its inclusionary zoning fee for new construction violates the law.  Click here to read more.

 
Property Protection Starts with The Crime-Free Addendum

Denny Dobbins says it’s 1:00 am, the phone rings, you recognize the number as your old neighbor Rob, who now lives next door to your tenants since you turned your former home into a rental property.  He tells you that SWAT just kicked in the front door of your property and is dragging the tenant and about 20 other people out onto the front lawn in handcuffs.  You ask out loud to no one in particular, “Could I have prevented this?”  Click here to read more.
Demand for Second-Home Mortgages Falls to 8-Year Low

We recently posted about how there are around 6.5 million second homes in America.  With that in mind, a recent report form Redfin says mortgage demand for second homes has fallen to an 8-year low.  Click here to read more.
Despite Rising Inflation, Americans Keep Spending

Infographic: Statista says with inflation continuing its stubborn advance, Americans keep on spending.  Citing Census data, today’s graphic illustrates this quite nicely by showing monthly retail and food services sales through July.  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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