Weekly Roundup News and Updates

08Mar

Weekly Roundup News and Updates
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.
Federal Judge Rules Corporate Transparency Act Unconstitutional

Various news outlets are reporting that a federal judge in Alabama has ruled that the Corporate Transparency Act is unconstitutional. U.S. District Judge Liles C. Burke decided in early March that the Corporate Transparency Act (CTA) is unconstitutional on the grounds that Congress exceeded its powers in enacting the law and any rulemaking stemming from it is unlawful. Click here to read more.
Pending Home Sales Drop 4.9% in January

The pest control & rodent removers over at Orkin recently released their annual Top Bed Bug Cities list. Topping their list this (again) was Chicago – the 4th year in a row! Click here to read more.
Black Knight Says Foreclosures Approach Two-year Lows

The National Association of Realtors is reporting that pending home sales in January, 2024 dropped 4.9%. The NAR’s Pending Home Sales Index came in at 74.3 in January. Click here to read more.

 
FHFA Says Home Prices Up 6.5% Year Over Year

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 6.5% between Q4 2022 and Q4 of 2023. In addition, FHFA’s seasonally adjusted monthly index for December was up 0.1% from November. Click here to read more.
Zumper’s National Rent Report for February ’24

Rental information site Zumper recently released their latest monthly National Rent Report for February, 2024. According to their data, median rent for 1-bedroom apartments was $1,482 (down 0.9%) and $1,837 (down 0.5%) for two-bedrooms. Click here to read more.

 
S&P CoreLogic Case-Shiller Says Home Prices Increased 5.5%

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.5% annual change for December, 2023. Click here to read more.
GDP Up 3.2% at the End of 2023

The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 3.2% in Q4 2023. Click here to read more.
U.S. Construction Spending Drops Slightly

The U.S. government is reporting that total construction spending in January, 2024 was at a seasonally adjusted annual rate of $2,102.4 billion, which is 0.2% lower than December’s revised estimate and is 11.7% higher than one year ago. Click here to read more.
Obstacles to Avoid for a Successful 1031 Exchange

David Gorenberg says many investors decide that they want to structure their real estate transactions as a 1031 Exchange, without knowing all of the steps and hurdles they can encounter along the way. But being well-informed before the sale of the first property is critical to the success of a1031 Exchange. Click here to read more.
Apartment List’s National Rent Report March ’24

According to Apartment List’s National Rent Report for March 2024, national median rent rose 0.2% to $1,377. They say this increase is in line with the rental market’s typical seasonal pattern. Click here to read more.
Cybercrime Expected to Skyrocket

Infographic: We have posted a lot about the dangers of cybercrime…It’s serious business. According to a recent data illustrated by Statista, the global cost of cybercrime is expected to surge in the next four years, rising from $9.22 trillion in 2024 to $13.82 trillion by 2028. 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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