The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.6% in August, 2023. The all items index was up 3.7% for the 12 months ending in August. Click here to read more.
Investments in Student Housing See Increase
Recent data from the Bureau of Economic Analysis (BEA) says private fixed investment in student dormitories rose 1% to a seasonally adjusted annual rate of $3.6 billion in Q2 2022, after a 6.4% increase in Q1 2022. Click here to read more.
Local Market Monitor’s National Economic Outlook for September ’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.
Foreclosure Activity Sees Uplift in August
According to the ATTOM Data’s August 2023 U.S. Foreclosure Market Report, there were 33,952 U.S. properties with foreclosure filings in August – up 7% from July but down 2% from one year ago. Click here to read more.
High Mortgage Rates Weaken Builder Confidence
The NAHB says persistently high mortgage rates continue to erode builder confidence, as sentiment levels have dropped below the key break-even measure of 50 for the first time in five months. Click here to read more.
Exploring the Role of Architects in Real Estate Investing
On a recent episode of the AZREIA Show podcast, Marcus Maloney & Michael Del Prete talk with architectural expert Nicholas Tsontakis about architectural design and the growing trend of additional dwelling units (ADUs) in Phoenix – and how they can increase cash flow for investors. Click here to read more.
1 in 5 Millennials Believe They’ll Never Own a Home
A recent survey from Redfin says nearly one of every five (18%) millennials and 12% of Gen Zers believe they will never own a home. Click here to read more.
The Rule of 72
Infographic: It’s one of the most basic investing principles and might have been the first one you learned – it’s the “Rule of 72.” The “rule” is the classic shortcut that estimates how long it takes to double your money. 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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