Yardi Says Expense Growth a Cloud in Strong Multifamily Performance
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,728 in August. Click here to read more.
Redfin Says Investors Pulled Back, Bought 45% Fewer Homes Than One Year Ago
A new report from Redfin says that in Q2 2023 investor home purchases fell 45% from one year ago – which they say is the biggest decline since 2008. Real estate investors bought roughly 50k homes in Q2, the fewest of any second quarter in seven years. Click here to read more.
Gap in Urban & Suburban Rent Growth Widened During the Pandemic
A recent report from Apartment List says the gap in urban and suburban rent growth widened during the pandemic. However, they do point out that while rents are now falling, they’re falling slower in the suburbs. Click here to read more.
10 Cities Where Short Term Rental Hosts Can Snag the Biggest Profits
Realtor.com says these 10 cities are “real estate bonanzas” where short-term rental hosts can get a good ROI. However, they do say that before running out and buying an investment property it helps to fully understand the real estate market you’re targeting. Click here to read more.
Only 2% of Homeowners are Underwater
Having peaked in 2009 at 26%, the number of U.S. homeowners with a mortgage that are underwater with their mortgage was 2% in Q2, 2023. In addition, 6.3% fewer owners were underwater in Q2 compared with the previous quarter. Click here to read more.
Reserves are Important
Jeff Watson says none of us knows what life will bring. All of a sudden, your ability to generate income may be severely restricted by an illness or injury. In the past few months, my office has worked with several individuals in the real estate investing arena who found themselves in that situation. Click here to read more.
How are Homeowners Using their HELOCS?
Recently we saw where HELOC activity hit a 15-year high in 2022 (the highest level since mid-2007), but has since slowed – to a pace with pre-pandemic levels. A recent “Chart of the Week” from the Mortgage Bankers Association breaks down how these HELOC’s were utilized over the past several years. Click here to read more.
American Cities with the Highest Airbnb Densities
Infographic: Short-term rentals are hot – as many of our members know. Today’s graphic from Statista breaks down which U.S. cities have the highest density of Airbnb rentals. 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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