Your Weekly Roundup News

03Nov

Your Weekly Roundup News
Your weekly news & updates
Here is this week’s “Weekly Roundup” from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association.
NAR Found Liable for Inflating Commissions; Jury Awards $1.78 Billion in Damages

Reuters is reporting that a federal court in Kansas City Missouri has returned a verdict in a class action lawsuit against the National Association of Realtors, awarding the plaintiffs $1.78 billion in damages. Click here to read more.
New Home Sales Up 12.3% in September

The U.S. Government is reporting that sales of new single-family houses in September, 2023 were at a seasonally adjusted annual rate of 759k, which is 12.3% higher than August’s revised rate and is 33.9% higher than one year ago. Click here to read more.
Pending Home Sales Up 1.1% in September

The National Association of Realtors is reporting that pending home sales rose 1.1% in September, 2023. Click here to read more.

 
All-Cash Share of New Home Sales Jumps in Q3 2023

Recent analysis of new home sales data by the NAHB’s Eye on Housing reveals that the all-cash share of new home sales climbed substantially in Q3 of 2023 while VA-backed sales share fell by nearly half. Click here to read more.
New California Law Encourages Sale of ADUs as Condos

On a recent episode of Real Estate News for Investors, Kathy Fettke discusses a new law in California is building on the ADU movement by allowing homeowners to “sell” their ADUs as condos. Click here to read more.

 
GDP Up 4.9% in the Third Quarter

The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 4.9% in Q3 2023. Click here to read more.
USPS Changes Procedures for Changes of Address

Rental information site Zumper recently released their latest monthly National Rent Report for October, 2023. Click here to read more.
Zumper’s National Rent Report for October ’23

Rental information site Zumper recently released their latest monthly National Rent Report for October, 2023. Click here to read more.
2024 State Business Tax Climate Index

The Tax Foundation recently released their 2024 State Business Tax Climate Index to enable business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. Click here to read more.
TV Still the Top Medium for Advertising

Infographic: Statista reminds us that advertisers are always looking for more eyeballs and their data shows that most of them are in front of TV sets. However, as you can see, digital ad formats are not far behind. Click here to read more.
reiaSense – September 2023

Check out the September 2023 issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.

 

 
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