Weekly Roundup News & Stats

26Jul

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 Drop 5.4% in June

The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 3.89 million  – and down 5.4% year over year.  Click here to read more.
Housing Starts & Building Permits Up in June

The U.S. government is reporting that privately‐owned housing starts in June, 2024 were at a seasonally adjusted annual rate of 1,353,000, which is 3% higher than May’s revised number but is 4.4% lower than one year ago.  Click here to read more.
CoreLogic Says Annual Rental Price Growth Rate at Highest Rate of 2024

According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices rose by 3/2% year over year in May, 2024.  Click here to read more.

 
RentCafe’s MidYear Rental Activity Report ’24

According to their Midyear Rental Activity Report, Rentcafe says high home prices and limited housing options are making renting the preferred choice for many aspiring homeowners. Click here to read more.
Back to School Sales Tax Holidays 2024

Several states across the nation are holding off sales tax holidays for the back-to-school season.  Whether you think this is good or bad public policy is can be saved for another day; the bottom-line is saving your hard-earned money!  Click here to read more.

 
Home Insurance Premiums Are Surging and States Are Allowing It

The Wall Street Journal is reporting that home insurers are pushing for big rate increases along with weakened consumer protections. Click here to read more.
Foreclosure Activity in First Half of 2024 Sees Decline from 2023

According to the ATTOM Data’s Midyear 2024 U.S. Foreclosure Market Report, there were a total of 177,431 U.S. properties with foreclosure filings in the first six months of 2024.  Click here to read more.
Generational Perspectives

Tony Youngs says as with most parents, we always want our children to do well and be successful. I myself only have one child, a 24-year-old daughter. As she was growing up and going through school, I always wanted her to get into real estate investing. Why, because it builds wealth and provides income even while you are sleeping. For me, a baby boomer, it has been the greatest life I have ever known. Pure joy.  Click here to read more.
Office Vacancy Rate Rises Above 20%

Infographic:  Are you investing in the commercial space?  Data recently analyzed by Statista says the increasing acceptance of hybrid or fully remote work in a variety of industries coupled with many companies applying cost-cutting measures after pandemic growth spurts has led to a jump in vacant office space in the U.S.  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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