Redfin Says Typical Down Payment Has Fallen 10% As Housing Market Cools
The U.S. government is reporting that total construction spending in February, 2023 was at a seasonally adjusted annual rate of $1,844.1 billion, which is 0.1% below January’s revised estimate but is 5.2% higher than one year ago. Click here to read more.
U.S. Construction Spending Down Slightly in February ’23
The U.S. government is reporting that total construction spending in January, 2023 was at a seasonally adjusted annual rate of $1,825.7 billion, which is 0.1% below December’s revised estimate but is 5.7% higher than one year ago. Click here to read more.
More American Households Have Pets Than Children
According to recent data analyzed by the National Association of Realtors, the share of families with children living in their homes under the age of 18 has continued to decline (40%) while, at the same time, pet ownership has steadily risen (70% of households). Click here to read more.
Where are America’s New Home-Building Boomtowns?
Realtor.com says not all corners of the U.S. are quite as “new-home parched” as others. They say there are many places across the nation where builders are putting up new homes to meet growing demand – especially in areas where the dollar stretches further. Click here to read more.
Your Guide to the Renter’s Bill of Rights – Parts 3 & 4
Recently, the Biden Administration released its Blueprint for a “Renters Bill of Rights.” As part of a 5-part series on the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discuss how this blueprint can and will affect landlords today and in the future. Click here to read more.
Consumers are Relying on Credit Much More than in the Past
A new report from Wells Fargo looks at the degree to which credit has sustained consumer spending so far and how diminished access to credit could negatively impact consumer spending. Click here to read more.
US Mortgage Delinquencies Fall for 22nd Straight Month
According to the latest CoreLogic Loan Performance Insights Report, in January 2023, 2.8% of mortgages were delinquent by at least 30 days or more including those in foreclosure. Click here to read more.
America’s Population that’s 65 Years and Older
Infographic: Knowing your customers is vitally important in today’s housing market. Especially as aging baby boomers downsize and relocate it’s important to know as much as you can about this demographic. Today’s interactive infographic from the U.S. Census bureau offers a wide range of statistics about America’s over 65 population. Click here to read more.
Have you made a positive difference to our communities and society at large?
National REIA is proud of our association’s and their member’s contributions to their communities. We promote a spirit of “giving back” throughout our industry. Real Estate Investing has enhanced our lives and given us success so our mission to positively impact our communities is at the core of what we do.
If you have a great story of how you have made an impact in your community or you have a member that has done amazing work to contribute, please take a moment to submit the story to Caleb@nationalreia.org for inclusion in our publications, social media, and our website. We are excited to hear how our industry and those of us in it have made a positive difference to our communities and society at large!
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