Consumer Price Index Up 4.9% Year Over Year
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| The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in April, 2023. Click here to read more. |
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Yardi Says Apartment Demand Remains Stable Despite Slowing Economy
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According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,709 in April. Click here to read more.
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Nearly 7 in 10 Metros Saw Home Prices Gains in Q1 2023
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The National Association of Realtors is reporting that in Q1 2023 seven in 10 metro areas saw home price gains. In addition, they say 7% of the 221 tracked metros registered double-digit price increases over the same period, down from 18% in Q4 2022. Click here to read more.
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Real Estate News Brief; Hints at a Pause, Mortgage Rate Averages, ChatGPT Home Search
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On a recent episode of Real Estate News for Investors, Kathy Fettke discusses why economists are expecting a rate hike pause, where homeowners are paying the most and the least for their mortgages, and new home search help from a chatbot! Click here to read more.
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21% of Americans Currently Use Self Storage
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Storage.com says the storage industry has been trending for a while has momentum. In fact, their data say 21% of Americans use self storage in one form or another. In addition, there are plans to add close to 53 million more square feet of storage space in 2023. Click here to read more.
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Share of FHA-Backed New Home Sales Climb in First Quarter
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Citing data from the U.S. Census Bureau’s most recent Quarterly Sales by Price and Financing report, the NAHB’s Eye on Housing says the share of FHA-backed loans for new home sales rose by its largest share since 2007, climbing to 11.7%. Click here to read more.
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AAA Says 42.3 Million Americans Will Travel Over Memorial Day
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The unofficial start of Summer (aka Memorial Day) is next weekend along and with that reminder comes AAA’s annual travel forecast. The venerable AAA predicts that 42.3 million Americans will travel 50+ miles from home this Memorial Day weekend – an increase of 7% over 2022! Click here to read more.
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Los Angeles’ Mansion Tax a Complete Flop After One Month
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After one month in effect, a tax on high-end properties in Los Angeles appears to be dud. Breitbart news is reporting that Measure ULA has brought sales of luxury homes to a halt while raising little money for affordable housing. Click here to read more.
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The Best States for Retirement
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Infographic: Citing data from WalletHub, the Visual Capitalist visualizes in a fancy bar chart the best states for people to retire in. The rankings are based on 47 different metrics across three dimensions. Click here to read more.
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Have you made a positive difference to our communities and society at large?
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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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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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