The National Association of Realtors is reporting that pending home sales were down 5.2% in March, 2023. Click here to read more.
S&P CoreLogic Case-Shiller Reports a 2% Price Gain in February
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 2% annual gain for February, 2023. Their 10-City Composite annual increase came in at 0.4% and their 20-City Composite posted a 0.4% year-over-year gain. Click here to read more.
FHFA Says Home Prices Up 4% Year-Over-Year
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 4% from February 2022 through February 2023. Click here to read more.
New Home Sales Up 9.6% in March
The U.S. Government is reporting that sales of new single-family houses in February, 2023 were at a seasonally adjusted annual rate of 683k, which is 1.1% higher than February’s revised rate but is 3.4% lower than one year ago. Click here to read more.
New Biden Admin Rule Will Hike Payments for Good-Credit Buyers to Subsidize High-Risk Mortgages
A new federal rule that took effect on May 1st from the Biden Administration says homebuyers with good credit scores will soon be paying higher mortgage rates & fees to subsidize people with riskier credit ratings who are also in the market to a buy home. Click here to read more.
Building Material Prices are Climbing
The NAHB’s Eye On Housing says data from the latest Producer Price Index shows the prices of inputs related to residential construction (building materials) rose 0.3% in March, marking the 3rd straight month of increases. Click here to read more.
Vacation rental site Vacasa recently released their annual ranking of the top waterfront destinations by cap rate. Click here to read more.
The Real Story of Cinco de Mayo
Infographic: Today is May 5th….aka Cinco de Mayo. It seems like every year we hear more & more about America’s Cinco de Mayo celebrations – especially with the increased commercialization of Mexican food, beer, and culture. But exactly what is Cinco de Mayo? 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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