This week’s “Weekly Roundup” from National REIA

A federal appeals court recently upheld a California law that forces property owners who legally evict tenants to pay them one month’s rent. Under the law, rent increases are limited to 10% a year in areas without rent control and it requires financial assistance to renters who were legally evicted. Click here to read more.

In late June, short-term rental platform Airbnb announced that they were making their temporary ban on all parties and events permanent. Airbnb says the policy, implemented in August 2020, has proved effective and they are officially codifying the ban as official policy. Click here to read more.

Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in June, 2022 was $1,421 and the median two-bedroom rent was $1,707. Click here to read more.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 20.4% annual gain for April, 2022. Click here to read more.

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 1.6% in April and were up 18.8% from April 2021 to April 2022. Click here to read more.

The U.S. government says total construction spending in May, 2022 was at a seasonally adjusted annual rate of $1,779.8 billion, which is 0.1% lower than April’s revised estimate and 9.7% higher than one year ago. Click here to read more.

The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) decreased at an annual rate of 1.6% in Q1 2022. Their data show that GDP decreased in 46 states and the District of Columbia. Click here to read more.

Scot Aubrey says everyone loves a good survivor story. Whether it is a group of 12 boys rescued from a cave in Thailand or the indomitable spirit of a soldier who endured more than two and a half years as a POW during World War II, these stories strike a chord with all of us. Naturally we put ourselves into the shoes of the survivors and wonder if we would have what it takes to make it through such an ordeal. For the vast majority of us, we will never experience anything even close to the life-or-death battle that these people have. Click here to read more.

Infographic: The American Petroleum Institute reminds us that fuel prices are determined by the market forces of supply & demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump. 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!