Your “Weekly Round Up” from National REIA

The National Association of Realtors is reporting that existing home sales were down 1,5% in December to a seasonally-adjusted annual rate of 4.02 million (down 34% year over year). Click here to read more.

The U.S. government is reporting that privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,382,000, which is 1.4% lower than November’s revised number and 21.8% lower than one year ago. Click here to read more.

The National Real Estate Investors Association issued the following statement on the Biden Administration’s recent announcement regarding renters and housing providers. Click here to read more.

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.

Last week we posted United Van Lines’ annual moving report and this week we’re taking a look at Atlas Van Lines’ 2022 Migration Patterns Study. Click here to read more.

The NAHB’s Eye on Housing says things have somewhat eased since last Spring’s historically widespread shortages of building materials – the major exceptions being shortages of HVAC equipment and certain categories of ceramic materials. Click here to read more.

On a recent episode of CNBC’s Exchange, Diana Olick joined Realtor.com’s Chief Economist Danielle Hale to discuss an uptick in first time home buyers, rising all cash sales, and other important issue affecting today’s housing market. Click here to read more.

David Pickron says in the world of landlords and property management, game changing circumstances might be even harder to identify as many operate by the “if it’s not broke, don’t fix it” rule. Having nearly 30 years of experience in this field, he has seen a lot of ideas come and go but nothing has struck as a “game changer” more directly than the introduction of online rent payments. Click here to read more.

Realtor.com says the housing market has been brutal for first-time homebuyers. However, they say that just as prices are finally beginning to ease up and the bidding wars are dying down, higher mortgage interest rates have turned the prospect of homeownership into a financial impossibility for many. Click here to read more.

U.S. National Debt Surpasses $31 Trillion Infographic: Statista reminds us that the U.S. national debt is currently running north of $31.5 trillion after having surpassed $31 trillion for the first time back in October, 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!

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