Weekly Roundup News & Updates

18Aug

Weekly Roundup News & 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.
Consumer Price Index Up 3.2% Year Over Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0/2% in July, 2023. Click here to read more.
Yardi Says Rents Inched Up in July on the Back of Strong Demand

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,729 in July (up $2). Yardi says the multifamily market exhibited strength in July, as the economy continues to outperform expectations. Click here to read more.
REIA Member Fights County Assessments on Duplexes and Won

Kansas City’s KCTV reports that a member of the Mid-America Association of Real Estate Investors (MAREI) recently challenged the property tax assessments on his investment properties, and won! Click here to read more.
America’s Most Affordable Lake Towns

Realtor.com says that while some of America’s more famous lake towns are pricey, there are actually many that are surprisingly affordable, offering lakeside living for bargain-basement prices. Click here to read more.
New Home Sales by Financing Source

Recent analysis of mortgage data by the NAHB’s Eye on Housing reveals that the share of new home sales backed by FHA loans climbed from 12.1% to 14.0% in Q2 of 2023. Click here to read more.

 
Rentcafe’s Rental Activity Report for August ’23
According to their August 2023 Rental Activity Report, Rentcafe says “renting is now the new buying” as high home prices and the peak rental season bring out more renters looking for apartments. Click here to read more.
Becoming Pet Passionate

Victoria Cowart asks, are you acquiring residential rental property and wanting to start on the best foot? Here’s a question that will impact approximately seventy percent of your renters. How will you respond to pets in your rental properties? Will you prohibit pets? Will you become pet-friendly? Or will you push yourself and your success by becoming pet passionate? Click here to read more.
States Losing & Gaining Population

The U.S. Census Bureau recently identified Florida and Idaho as America’s fastest-growing states. Today’s graphic from Statista illustrates which U.S. states have been gaining& losing population from July 2021 to June 2022. 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!
Stay up to date:
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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