Weekly Roundup News & Updates

19Aug

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.
U.S. Construction Spending Down Slightly Again in June

The U.S. government is reporting that total construction spending in June, 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. Click here to read more.
Yardi Matrix Says Multifamily Rent Growth is Weak

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,753 (up $4) in July, 2024. Year-over-year growth was unchanged at 0.8%. Click here to read more.
ADP National Employment Report – July 2024

According to the ADP National Employment Report for July, 2024, private employers added 122k jobs in July. Click here to read more.

 
Pacific Legal Foundation Asks Michigan’s Supreme Court to Review Unconstitutional Tax Foreclosure Scheme

The Pacific Legal Foundation recently announced that a Michigan mom has asked the Michigan Supreme Court to affirm her constitutional right to just compensation after Manistee County foreclosed on the home that she and her boys lived in, sold it, and unconstitutionally kept $102,636 more than she owed. Click here to read more.
ICE Mortgage Monitor – August 2024

According to the latest ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies spiked in June, rising by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. Click here to read more.

 
Four Steps to Safely Show a Property

On a recent episode of the Rent Perfect podcast David Pickron says with the rise of criminal activity across the country and in our industry, it’s critical to protect your personal safety when showing one of your rental properties. Click here to read more.
CoreLogic Says Housing Market Activity Essentially Froze at the End of Spring

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.7% in June 2024 compared with June 2023. Click here to read more.
Grocery Store Location’s Impact on Housing

Did you know that a Trader Joe’s or an ALDI near your property might increase its ROI? This is according to ATTOM Data’s recent report “8 Ways Neighborhood Data Influences Property Values and Real Estate Decisions.” 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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