Biden Administration to Take on So-Called “Junk Fees” in Rental Housing
|
| The Biden Administration announced that it has enlisted the help of several real estate platforms in taking on so-called “junk fees” in rental housing in order to “lower costs for renters.” These partnerships include Zillow, Apartments.com, and Affordablehousing.com. Click here to read more. |
|
Housing Costs are 70% of Increase in Inflation
|
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.2% in June, 2023. Click here to read more.
|
|
Foreclosure Activity in First Half of 2023 Shows Uptick
|
According to the ATTOM Data’s Midyear 2023 U.S. Foreclosure Market Report, here were a total of 185,580 U.S. properties with foreclosure filings in the first six months of 2023. Click here to read more.
|
|
Annual Home Price Growth Drops to the Lowest Rate in 11 Years
|
According to the latest CoreLogic Home Price Insights (HPI) report, home price growth slowed for the 12th straight month in May, falling to a 1.4% increase year over year. Click here to read more.
|
|
FHA to Require Lenders to ask for Applicant’s Language Preference
|
The Scotsman Guide is reporting that the Federal Housing Administration (FHA) will now require lenders that make FHA loans to ask for a mortgage applicant’s language preference. Click here to read more.
|
|
Buying Foreclosures Directly from the Owner
|
Tony Youngs says there are some important things to consider today when making an offer to a homeowner in foreclosure. If and when their home goes up for auction, the opening bid is calculated by the balance of the loan, court fees, attorney fees, and advertising costs for the legal ad. Click here to read more.
|
|
Zumper’s National Rent Report for May ’Rhode Island Taxpayers Challenge Government’s Beachfront Land Grab
|
A group called the Rhode Island Association of Coastal Taxpayers (RIACT) filed a lawsuit in early July that challenges a law that takes private property from every coastal property owner in the state and gives it to the public for beach use. Click here to read more.
|
|
Redfin: Typical U.S. Asking Rent Is Only $24 Below Record High
|
Redfin says that while the U.S. rental market has been slowing for more than a year, the median asking rent is still only $24 below its record high. Click here to read more.
|
|
Demographic Change Accelerates in the U.S.
|
Infographic: Citing Census data, Statista says demographic change has accelerated in the United States over the past 10 years – especially among those in the 65+ category. 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!
|
|
|
|
To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.
|
|
|
|
|
|
