Your Weekly Roundup News

26Apr

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 Drop 4.3% in March

The National Association of Realtors is reporting that existing home sales were down 4.4% in march to a seasonally-adjusted annual rate of 4.19 million – down 3.7% year over year.  Click here to read more.
Housing Starts & Permits Drop in April ’24

The U.S. government is reporting that privately‐owned housing starts in March, 2024 were at a seasonally adjusted annual rate of 1,321,000, which is 14.7% lower than February’s revised number and is 4.3% lower than one year ago.  Click here to read more.
Foreclosure Starts Increase Slightly

According to the ATTOM Data’s Q1 2024 Foreclosure Report, there were 95,349 with a foreclosure filing during the first quarter of 2024, up 3% from the previous quarter but down less than 1 percent from one year ago.  Click here to read more.

 
CoreLogic Says Rent Growth Posts Highest Annual Increase Since Spring ’23

According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices rose by 3.4% year over year in February 2024 – the strongest growth recorded in 10 months.  Click here to read more.
Supreme Court Rules Government Can’t Use Permit Process to Coerce Property Owners

The Pacific Legal Foundation recently announced that the U.S. Supreme Court ruled unanimously that legislatures cannot use the permit process to coerce owners into paying exorbitant development fees.  Click here to read more.

 
Building Material Prices Continue to Rise
The NAHB’s Eye On Housing says data from the latest Producer Price Index shows the prices of inputs related to residential construction (less food and energy,) rose for the 5th straight month.  Click here to read more.
How to Succeed in Multifamily Real Estate Investing

On a recent episode of the AZREIA Show, Michael Del Prete talks with Sophia Willets who shares her journey about growing up in a real estate investor family to becoming a successful multifamily real estate investor herself.  Click here to read more.
ICE April 2024 Mortgage Monitor

According to the latest ICE Mortgage Monitor (formerly Black Knight), the national delinquency rate eased to 3.34% in February, an 11 basis point improvement over last year.  Click here to read more.
Top 50 U.S. Metro Areas have 31 NFL Teams

Infographic:  Now that the nation has turned its attention to baseball, let’s take a quick look at the football landscape.  A recent graphic from the U.S. Census Bureau says the top 50 metro areas in the U.S. have 31 NFL teams.  Click here to read more.
Check out the latest issue of reiaSENSE

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

 

 
Stay up to date:
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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