Weekly Roundup News

17May

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.
Yardi Says Steady Absorption is Boosting Multifamily Rents

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,725 in April, 2024. Click here to read more.
Best American Cities for Singles

Zumper asks; Which cities afford singles the best lifestyle and opportunities to meet a better half? Click here to read more.
Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022

The NAHB’s Eye on Housing says housing’s share of the economy rose to 16.1% in the first quarter of 2024, after remaining below 16% for all of 2023. Click here to read more.

 
IRS Says Number of Audits is About to Surge

CBS news is reporting that the IRS is planning to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury. This comes on the heels of $80 billion in new funding from the so-called Inflation Reduction Act (IRA), signed into law by President Joe Biden in 2022. Click here to read more.
Study Finds 78% Consider Homeownership Key Component of the American Dream

A new study from Bankrate.com says homeownership remains a centerpiece of Americans’ financial aspirations. However, they say with record-high home prices high mortgage rates, would-be homeowners are struggling to achieve their piece of the American dream. Click here to read more.

 
CoreLogic Says Northeast Continues to Lead US for Annual Home Price Gains

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 5.3% in March, 2024 – marking the 146th consecutive month of annual growth. Click here to read more.
The Importance of Cash Reserves

Jeff Watson says recently, I spoke to a group of real estate investors about buying properties using a creative financing method. Some of the questions asked reminded me how crucial it is that real estate investors have cash reserves to deal with the unexpected. I consider cash reserves to be “Murphy’s Law repellant” (anything that can go wrong will go wrong). Those who have cash reserves won’t be nearly as stressed as those who have no cash reserves. Click here to read more.
Which Do You Prefer? Digital vs Physical Books

Infographic: The Daily Infographic says data shows that in a time when everything is becoming digital, books are one of the few areas where the physical object is still prevalent. 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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