National Rent Control will Make the Housing Crisis Worse
A recent commentary published in the Hill by Sharon Wilson Géno (president of the National Multifamily Housing Council) says national rent control will make the housing crisis worse. She says the current housing crisis is the result of decades of broken public policy and repeated unwillingness to invest needed government resources in housing. Click here to read more.
Existing-Home Sales Down 2.2% in July
The National Association of Realtors is reporting that existing home sales were down 2,2% in July to a seasonally-adjusted annual rate of 4.07 million (down 16.6% year over year). Click here to read more.
Foreclosure Inventory Hits Lowest Level in 15 Months
According to Black Knight’s latest Mortgage Monitor, the total U.S. loan delinquency rate (loans 30 days+ past due but not in foreclosure) was 3.21% in July, up 2.89% from June and down 3.56% year over year. Click here to read more.
New Home Sales Up 4.4% in July
The U.S. Government is reporting that sales of new single-family houses in July, 2023 were at a seasonally adjusted annual rate of 714k, which is 4.4% higher than June’s revised rate and is 31.5% higher than one year ago. Click here to read more.
HELOC Demand Slows in 2023
A recent report from CoreLogic says while HELOC activity hit a 15-year high in 2022 (the highest level since mid-2007), the numbers declined during the first half of 2023. Click here to read more.
Zillow Home Loans Rolls Out 1% Down Payment Offering
A new program from Zillow Home Loans is offering potential home-buyers a 1% down payment on their home purchase. Click here to read more.
S&P CoreLogic Case-Shiller Index Flat in June
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 0% annual change for June, 2023. Click here to read more.
1031 Exchanges; Are Multiple Relinquished Properties Allowed?
David Gorenberg says exchangers often ask whether they can start a 1031 exchange by selling an investment property, and then sell a second investment property as part of that same exchange, after the 45-day identification period closes. The short answer is yes. Click here to read more.
Working for a Living
Infographic: This Monday, September 4th is Labor Day. This weekend marks the unofficial end of Summer and ushers in the Fall season – although Summer doesn’t officially end until September 23rd. 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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