Weekly Roundup

16Feb

Weekly Roundup
Your weekly news & updates
Here is this week’s “Weekly Roundup” from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association.
Apartment List’s National Rent Report February ’24

According to Apartment List’s National Rent Report for February 2024, national median rent fell 0.3% to $1,373 – marking the 6th straight month of negative rent growth. Click here to read more.
Top 50 Bed Bug Cities List for 2024

The pest control & rodent removers over at Orkin recently released their annual Top Bed Bug Cities list. Topping their list this (again) was Chicago – the 4th year in a row! Click here to read more.
Black Knight Says Foreclosures Approach Two-year Lows

According to Black Knight’s latest Mortgage First Look the national delinquency rate was 3.57% in December, up 19 bps from December. Click here to read more.

 
Mortgage Delinquency Rates by Loan Type

According to the Mortgage Banker Association’s latest National Delinquency Survey (NDS) the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023. Click here to read more.
All-Cash Purchases of New Homes Accounted for 8.4% of sales in 2023

Recent analysis of new home sales data by the NAHB’s Eye on Housing reveals that all-cash purchases accounted for 8.4% of new home sales in 2023 – the second-highest share since 1991. Click here to read more.

 
Credit Card and Auto Loan Delinquencies Continue Rising

A new report from the New York Fed says household debt has rose by $212 billion to reach $17.5 trillion in Q4, 2023. Click here to read more.
How High are the Sales Taxes in Your State in 2024?

You could say that sales taxes are the form of taxation that truly affects every person – it’s the classic consumption tax. It is also the one politicians often reach for first to ratchet-up to fund their next project du jour. That being said, the folks over at the Tax Foundation recently put together some numbers showing combined sales tax rates (state & local where applicable) for each state. Click here to read more.
How this Investor Helped His Dad Retire with Fix-n-Flips

On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Mike Mannino, who has built a business that has flipped over 80 houses and, by the time he was 30, he had built a portfolio of over 60 rentals. Click here to read more.
The Median Age in Every State

Infographic: The Visual Capitalist says that in 2022, the median age for the United States as a whole was 39 years, but the median age by state varied a lot more. 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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