A new report from the New York Fed says household debt has risen to $17.29 trillion (up 1.3%) in Q3 2023, led by mortgages, credit cards and student loans. The data is from the Fed’s latest issue of the Quarterly Report on Household Debt and Credit. Click here to read more.
Washington Homeowner Lives in Van While Deadbeat Tenant Lists House on Airbnb
Any more, you really can’t make this stuff up; A recent report on FOX News revealed a Seattle homeowner has been living out of his van while deadbeat tenants, who listed his rental house on Airbnb, will have to wait at least four more months for an eviction hearing due to a severe court backlog. Click here to read more.
Serious Mortgage Delinquency Rate Drops to All-Time Low
According to the CoreLogic’s latest Loan Performance Insight Report, the share of U.S. borrowers who were in serious mortgage delinquency (90 days+) dropped to 0.9% in August, the lowest recorded since January 1999. Click here to read more.
More Couples are Using Wedding Registries for Help Buying First Home
A recent analysis from Zillow says more couples are turning to wedding registries for help in buying their first home. Click here to read more.
Millennials and Gen Z Take Longer to Leave Home Compared to Previous Generations
A recent report from RentCafe reveals that approximately 14 million Millennials and 23 million Gen Z-ers shared a household with at least one family member. Click here to read more.
Local Market Monitor’s National Economic Outlook for November ’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.
Safeguard Your Real Estate Investments with Instant Term Life Insurance
Jason K. Powers says for real estate investors, the balance of risk and reward is a daily consideration. While tangible assets like properties can seem like solid pillars in one’s investment portfolio, unforeseen circumstances can threaten the stability of even the most carefully laid plans. This is where “Instant Term Life Insurance” becomes an invaluable asset. Click here to read more.
Thanksgiving by the Numbers
Infographic: Next week is that annual American holiday of giving thanks to the Almighty for all that makes this nation great. Today’s graphic from WalletHub takes an in-depth look at Thanksgiving’s humble roots and how it has evolved over time – from how much we spend to how much we eat. 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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