The National Association of Realtors is reporting that pending home sales dropped 1.5% in October, 2023. Click here to read more.
FHFA Says Home Prices Up 5.5% Year Over Year
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 5.5%% between Q3 of 2022 and Q3 of 2023. Click here to read more.
S&P CoreLogic Case-Shiller Index Continues to Rise
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual change for September, 2023. Click here to read more.
Apartment List’s National Rent Report December ’23
Apartment List says their national median rent fell 0.9% to $1,340 – marking the 4th straight month of negative rent growth. Click here to read more.
HUD Announces Proposed “30-Day Notice” Rule for Nonpayment of Rent
As part of the Biden Administration’s Blueprint for a Renters Bill of Rights, the U.S. Department of Housing and Urban Development issued a proposed rule to require public housing agencies (PHA) with tenants in public housing and owners of properties participating in HUD Multifamily project-based rental assistance programs to provide their tenants with written notification at least 30 days prior to filing for an eviction due to nonpayment of rent in court. Click here to read more.
Why Renters Prefer to Rent, Landlords Offering More Concessions, and other Real Estate News
On a recent episode of Real Estate News for Investors, Kathy Fettke says you’ll find out why many Americans are choosing to rent, why apartment landlords are offering more concessions, and other important news that affects real estate investing. Click here to read more.
U.S. Construction Spending Up 0.6% in October
The U.S. government is reporting that total construction spending in October, 2023 was at a seasonally adjusted annual rate of $2027.1 billion, which is 0.6% higher than September’s revised estimate. Click here to read more.
Zumper’s National Rent Report for November ’23
Rental information site Zumper recently released their latest monthly National Rent Report for November, 2023. Click here to read more.
U.S. GDP by Industry
Infographic: The Visual Capitalist reminds us that the U.S. economy is like a giant machine driven by many different industries, each one akin to an essential cog that moves the whole. 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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