The National Association of Realtors is reporting that existing home sales were up 0.8% in November to a seasonally-adjusted annual rate of 3.82 million (down 7.3% year over year). Click here to read more.
Housing Starts Up 14.8% in November
The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,560,000, which is 14.8% higher than October’s revised number and is 9.3% higher than one year ago. Click here to read more.
New Home Sales Drop 12.2% in November
The U.S. Government is reporting that sales of new single-family houses in November, 2023 were at a seasonally adjusted annual rate of 590k, which is 12.2% lower than October’s revised rate but is 1.4% higher than one year ago. Click here to read more.
Local Market Monitor’s National Economic Outlook for December ’23
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
Who’s Afraid of Fraud? We All Should Be
David Pickron says he has a neighbor who over a year ago received a call from the FBI, seeking her assistance in targeting a group of individuals who were performing illegal wire transfers. Over the year she had assisted with other tasks and had become a trusted ally of the FBI. Then recently, the FBI asked her to increase her involvement after having gained the trust of the illegally operating group. Click here to read more.
Yardi’s Multifamily Outlook for 2024
According to Yardi’s U.S. Multifamily Outlook 2024, multifamily demand is likely to remain healthy in 2024, though rent growth will be tested by decelerating economic growth and a rapid supply uptick in some markets. Click here to read more.
RentCafe’s 2023 Year-End Report
In their 2023 Year-End Report, Rentcafe says it’s evident that the U.S. rental market has been shaken by the flood of new apartments that opened over the past few years, as well as the lingering economic turmoil — so much so that all metrics used in this competitivity report have been affected. Click here to read more.
50+ New Year’s Facts
This Monday we will close out 2023 and welcome in 2024. We hope you and your family had a great 2023 and wish you nothing but the best for whatever 2024 has in store! Click here to read more.
reiaSense – September 2023
Check out the September 2023 issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.
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