Your Weekly Roundup News

01Mar

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.
Existing-Home Sales Up 3.1% in January

The National Association of Realtors is reporting that existing home sales were up 3.1% in January to a seasonally-adjusted annual rate of 4 million (down 1.7% year over year). Click here to read more.
New Home Sales Up 1.5% in January

The U.S. Government is reporting that sales of new single-family houses in January, 2024 were at a seasonally adjusted annual rate of 661k, which is 1.5% higher than December’s revised rate and is 1.8% higher than one year ago. Click here to read more.
U.S. Gov’t Deficits Remain at Elevated Levels

In February, the Congressional Budget Office (CBO) released their annual Budget and Economic Outlook that projects deficits will be higher than historical levels, largely due to growth in mandatory spending programs like Social Security and Medicare. Click here to read more.

 
Local Market Monitor’s National Economic Outlook for February ’24

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.
Commercial Foreclosures Increasing

A special report recently released by ATTOM reveals a significant climb in commercial foreclosures over the past few years, from a low of 141 in May 2020 to the current figure of 635 in January 2024. Click here to read more.

 
Rentcafe’s Top 20 Best College Towns in America

Rentcafe says their list of America’s best college towns offer a balance between a great education, high quality of life and affordability. They based their ranking on 12 different metrics, including cost of living, tuition fees, graduation rates, natural amenities, air quality, entertainment options and many more. Click here to read more.
Turning $160k Into $52 Million Portfolio After Getting Kicked Out of PT School

On a recent episode of Omaha REIA’s “REIA Radio,” they dive into the remarkable journey of Hugede Luma, a Haitian immigrant whose path to success embodies resilience and determination – from his humble beginnings in Haiti and Florida to joining his family in Omaha. Click here to read more.
The U.S. is the World’s Top Oil Producer

Infographic: The Visual Capitalist says that over the last decade, the United States has established itself as the world’s top producer of crude oil – surpassing even Saudi Arabia and Russia. 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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To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.

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