The National Association of Realtors is reporting that pending home sales were down 2.7% in May, 2023. Click here to read more.
New Home Sales Jump 12.2% in May
The U.S. Government is reporting that sales of new single-family houses in May, 2023 were at a seasonally adjusted annual rate of 763k, which is 12.2% higher than April’s revised rate and is 20% higher than one year ago. Click here to read more.
Zillow Shuts Down its Closing & Title Division
In a letter sent to clients in late June (and at least one real estate tech strategist) Zillow says they will be closing Zillow Closing Services (ZCS). Click here to read more.
FHFA Says Home Prices Up 0.7% in April
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices rose 0.7% in April. Click here to read more.
S&P CoreLogic Case-Shiller Index Down Slightly
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 0.2% annual decrease for April, 2023. Click here to read more.
Zumper’s National Rent Report for June ’23
Rental information site Zumper recently released their latest monthly National Rent Report for June, 2023. According to their data, rent for 1-bedroom apartments was $1,504 and the median two-bedroom rent was $1,881. Click here to read more.
Yardi’s Multifamily Outlook for Summer 2023
According to Yardi’s U.S. Multifamily Outlook for Summer 2023, multifamily performance remained strong through mid-year 2023, as the robust job market boosted housing demand and rent growth. Click here to read more.
Risk vs. Reward
Jane Garvey says many investors get into real estate because they like to know that there is something physical and tangible that they are buying. It is perceived as lower risk than some other investments. In the case of providing housing, we are providing a much-needed service, so the presumption is that there is an inherent value. In a perfect world with property rights, this is true. Click here to read more.
What Kind of Homes are Owners & Renters Living in?
Infographic: What kind of homes are owners and renters living in? Using data from the most recent American Housing Survey, today’s graphic illustrates how owners & renters occupy housing of different types and sizes. 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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