According to the latest U-Haul annual Growth Index, Florida dominated their growth cities list again in 2023, with the Palm Bay-Melbourne market netting the largest number of movers in one-way U-Haul equipment last year. Click here to read more.
NAR President Resigns Over Blackmail Threat
The National Association of Realtors announced in a statement in early January that their President, Tracy Kasper, has resigned after receiving a “threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.” Click here to read more.
U.S. Construction Spending Up 0.4% in November
The U.S. government is reporting that total construction spending in November, 2023 was at a seasonally adjusted annual rate of $2,050.1 billion, which is 0.4% higher than October’s revised estimate and 11.3% higher than one year ago. Click here to read more.
U.S. Employment Situation – December 2023
According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 216k, in December 2023, with the unemployment rate coming in at 3.7% (the same as November). Click here to read more.
Property Tax Revenue Continues to Climb
Recent analysis from the NAHB’s Eye on Housing says that $129 billion in taxes were paid by property owners in Q3 of 2023. Click here to read more.
The Corporate Transparency Act (CTA) is Here
Jeff Watson says The Corporate Transparency Act (CTA) is here and now in full force and effect. In 2021, Congress passed this legislation that was signed into law by President Biden but did become official and enforceable until January 1, 2024. This is the most broad, overreaching, and invasive federal reporting statute in the history of our government that squarely and directly impacts every small business owner, entrepreneur and real estate investor you know. Click here to read more.
ATTOM’s Three Keys to Watch in Real Estate in 2024
In their Three Keys to Watch in 2024 report, ATTOM says that despite steep interest rates, little residential inventory, and falling sales, 2023 stood up fairly well. They say it might provide a “solid basis” for 2024. Click here to read more.
Apartment List’s National Rent Report January ’24
Apartment List says their national median rent fell 0.8% to $1,379 – marking the 5th straight month of negative rent growth. Click here to read more.
Be Winter Smart!
Infographic: With winter upon us, especially in the northern areas of the country, today’s graphics from Weather.gov are a good reminder about how to react to snow. 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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