Weekly Roundup News

30May

Weekly Roundup News
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.
Charles Tassell Accepts Position with USDA in Trump Administration

The headline says it all; National REIA’s Charles Tassell is heading to the U.S. Department of Agriculture. The USDA announced this week their latest slate of presidential appointments for key positions at the U.S. Department of Agriculture (USDA). Charles will serve as the State Director for Rural Development in his home state of Ohio. Click here to read more.
Existing Home Sales Down 0.5% in April

According to ATTOM’s year-end 2024 U.S. Home Flipping Report, 297,885 single-family houses and condominiums were flipped in 2024. That figure is down 7.7% from 322,782 in 2023 and 32.4% from a recent peak of nearly 441k reached in 2022. Click here to read more.
New Home Sales Up 10.9% in April

The U.S. Government is reporting that sales of new single-family houses in April, 2025 were at a seasonally adjusted annual rate of 743k, which is 10.9% higher than March’s revised rate and is 3.3% higher than one year ago. Click here to read more.

 
Foreclosure Activity Up 13.9% Year-Over-year

According to ATTOM’s April 2025 U.S. Foreclosure Market Report, there were a total of 26,033 U.S. properties with foreclosure filings in April. This figure is up 0.4% from March and up 13.9% from a year ago. Click here to read more.
Washington State Institutes Rent Control
In early May, Washington Governor Bob Ferguson (D) signed a bill into law that will limit annual rent increases (rent control). According to Yahoo News, the measure (HB 1217) caps rent increases at 7% plus inflation or 10% (whichever is lower) and includes single-family homes. Click here to read more.

 
RentCafe’s Top 10 Rental Cities for Q1 2025

RentCafe says that with spring in full bloom and summer getting closer, it’ll soon be time for the busiest moving season, when renters are searching for apartments. Click here to read more.
The War on Landlords

The Manhattan Institute’s Steven Malanga says one of the ironies of Donald Trump’s first presidency is that a former real-estate investor and landlord enacted an unprecedented federal eviction ban. In early 2020, as Covid lockdowns paralyzed the country, Trump signed the CARES Act, placing a moratorium on evictions for any rental properties with federal loans or assistance. Despite the unprecedented scope of the eviction ban and billions in aid, tenant-advocacy groups blasted Trump for doing too little to prevent what headlines called an impending “eviction tsunami.” While landlords sued to overturn the expanding moratorium, states and cities imposed their own tenant protections, including broad eviction bans and numerous laws rewriting landlord–tenant relationships. Click here to read more.
Cotality SFRI: Rent Up 2.9% Year-Over Year in March

According to the latest Cotality (formerly CoreLogic) Single-Family Rent Index (SFRI), U.S. single-family home rental prices increased 2.9% year over year in March, 2025. Click here to read more.
Who Actually Owns the Various Power Tool Brands?

Infographic: If you’ve ever wondered who owns Craftsman Tools, Milwaukee Tool, Mac Tools, Skil, or any other major tool manufacturing brand, this interesting chart might answer most of your questions. Click here to read more.
Check out the latest issue of reiaSENSE

Check out the latest issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.

 

 
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