Your “Weekly Round Up” from National REIA

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.1% in November, 2022. However, the all items index was up 7.1% for the 12 months ending in November. Click here to read more.

The American Automobile Association (aka AAA) says that nearly 113 million people will be traveling this holiday season – up 3.6 million people from last year. Click here to read more.

As we approach 2023, it’s time for the prognostications and predictions for what the housing market will bring in the coming year. Just like clockwork, Realtor.com has come out with their annual forecast where they say that, while homebuyers & renters hoping for some financial relief in 2023 will likely be disappointed, they won’t get whiplash either. Click here to read more.

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,719 in November, down $9 from October. Yardi says housing is facing a variety of economic headwinds and deteriorating demand, multifamily rents finally turned negative in November. Click here to read more.

On a recent episode of Real Estate News for Investors, Kathy Fettke discusses the Fed hiking short-term rates once again, two inflation reports show signs of improvement, and a video game called “The Tenants” showcases the job of a landlord. Click here to listen.

In their 2022 Year-End Report, Rentcafe reminds us that 44 million American households live in rental homes across the fruited-plain – the highest level in half a century. So, what were the hottest rental markets in 2022? Click here to read more.

Citing data from the most recent American Community Survey, the U.S. Census Bureau says over 19 million U.S. renter households spent more than 30% of their income on housing costs in 2021. Click here to read more.

Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in November, 2022 was $1,491 and the median two-bedroom rent was $1,825. Click here to read more.

Infographic: We love looking at predictions and try to feature as many as we can. That being said Today’s infographic form Keeping Current Matters takes a look at housing market predictions from 8 different notable sources – covering quite a few proverbial bases. Click here to read more.

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!