Weekly Roundup News

23Aug

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.
CFPB Goes After Contract for Deed Agreements

The Consumer Financial Protection Bureau (CFPB) recently released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed. The CFPB says their advisory opinion and report are part of their efforts to rid the market of what they say are predatory & exclusionary home lending practices. Click here to read more.
Inflation Up 2.9% Year-Over-Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in July, 2024. The all items index was up 2.9% for the 12 months ending in July. Click here to read more.
Housing Starts & Building Permits Drop Sharply in July

The U.S. government is reporting that privately‐owned housing starts in July, 2024 were at a seasonally adjusted annual rate of 1,238,000, which is 6.8% lower than June’s revised number and is 16% lower than one year ago. Click here to read more.

 
Housing Share of GDP Remains Above 16%

The NAHB’s Eye on Housing took a deeper dive into the numbers to reveal that housing’s share of the economy stayed level at 16.1% in the Q2, 2024 and remained above 16% after staying constant at 15.9% for all of 2023. Click here to read more.
Identifying & Combating Seller Impersonation Fraud

The American Land Title Association says seller impersonation fraud attempts continue to increase as 28% of title companies experienced at least one of these incidents in 2023, according to their recent study. Click here to read more.

 
More Young Adults Now Live with their Parents Since 1940

We have has several posts about the growing trend of more and more young people “staying in the nest” and not striking out on their own. A recent report from Apartment List says more young adults are now living with their parents since 1940. Click here to read more.
RV & Boat Storage Rents Outperform Traditional Storage

Yardi recently started a new report about the RV & boat storage sector, drawing on their database of nearly 2k, dedicated RV & boat storage properties and more than 15k traditional self-storage properties that offer parking for rent. Click here to read more.
One Connection Away

Jane Garvey asks, how many times have you thought to yourself, that guy is so lucky. He doesn’t seem to know anything, but things keep falling in place for him. At the same time there may be people in your life who have everything going for them, but don’t seem very successful. Why is this? Click here to read more.
Real Estate is Still the Best Long-Term Investment

Infographic: Today’s graphic perfectly illustrates it (again!); For the 12th year in a row, more Americans prefer real estate over other long-term investment vehicles for growing wealth. 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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To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.

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