Weekly Roundup News & Stats

27Dec

Weekly Roundup News & Stats
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.
Existing Home Sales Jump 4.8% in November

The National Association of Realtors is reporting that existing home sales were up 4.8% in November to a seasonally-adjusted annual rate of 4,15 million – up 6.1% year over year and the largest year-over-year gain since June 2021. Click here to read more.
Housing Starts Down 14.6% Year-Over-year

The U.S. government is reporting that privately‐owned housing starts in November, 2024 were at a seasonally adjusted annual rate of 1,289,000, which is 1.8% lower than October’s revised number and is 14.6% lower than one year ago. Click here to read more.
State & Local Property Tax Revenue Surpasses $200 Billion

A recent report from the NAHB’s Eye on Housing says state & local tax revenue from property taxes reached $203.9 billion in Q3 2024. Click here to read more.

 
Local Market Monitor’s National Economic Outlook for December ’24

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.
Chevron Deference: What Landlords Need to Know

On a recent episode of the Rent Perfect podcast David Pickron says you may not even be aware of it, but the Chevron Deference doctrine has and will continue to affect you as an investor and landlord. Click here to read more.

 
Let’s Bring American Dream into the Reach of Everyday Americans

Back in 1994 Newt Gingrich kicked off what was ultimately a bipartisan revamp of the welfare system – except it didn’t address housing. The entitlement behemoth at HUD has since doubled in size and almost did again according to the 2024 Presidential budget requests. Congress has tinkered with programmatic tweaks, but little has changed, HUD is now at its largest staffing and growing. Programs lack results while encased in ever increasing red tape. Click here to read more.
Expiration of Tax Cuts & Jobs Act will Significantly Raise Taxes

Recent analysis from the Tax Foundation says that if the next Congress doesn’t act, taxes will rise for millions of Americans on January 1, 2026, as the individual provisions of the Tax Cuts and Jobs Act (TCJA) expire. Click here to read more.
Average Grocery Bill Per State

Infographic: In case you haven’t notices, grocery prices have steadily rising over the past several thanks to inflation. In fact, today’s graphic from the Visual Capitalist says American households are paying an average of about $270 per week. 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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