The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in September, 2023. Click here to read more.
Real Estate Trade Groups Call on the Fed to Say No to Rate Hikes
The Scotsman Guide is reporting that three real estate industry groups have banded together to bring attention to the Federal Reserve about what they say is havoc being caused by rising interest rates on the housing market. Click here to read more.
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,722 in September, 2023. Click here to read more.
California Caps Security Deposits
As if it weren’t already hard enough to be a landlord in California; The LA Times is reporting that CA Governor Gavin Newsom recently signed several new laws to supposedly protect tenants against eviction, high rental costs, and one that caps security deposits to no more than one-month’s rent. Click here to read more.
Beware of Fraud
On a recent episode of the Rent Perfect podcast David Pickron says we’ve all been victims of fraud one way or another – even if we don’t know it. In this episode, Dave shares six simple ways to help protect you from fraud. Click here to read more.
Tiny Homes Are Hot New Homeowners’ Accessory
The Wall Street Journal says the latest amenity for homeowners is another, smaller home – aka an accessory dwelling unit, or ADU. Click here to read more.
Local Market Monitor’s National Economic Outlook for October ’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.
Foreclosure Activity Up 28% in Q3 2023
According to the ATTOM Data’s Q3 2023 U.S. Foreclosure Market Report, there were 124,539 U.S. properties with foreclosure filings – up 28% from Q2 and 34% from a year ago. Click here to read more.
The Mortgage Rate Surge
Infographic: Today’s graphic from the Visual Capitalist reminds us that the 30-year fixed-rate mortgage has reached its highest level since 2002. They say that with rising home prices and tight inventory, affordability is now at its lowest point in history. 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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