Your Weekly Roundup – News & Updates

06Oct

Your Weekly Roundup – News & Updates
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.
Pending Home Sales Fall 7.1% in August

The National Association of Realtors is reporting that pending home sales fell 7.1% in August, 2023. Click here to read more.
NAR’s Yun Says Mom & Pop Investors Need Capital Gains Cut

On a recent episode of CNBC’s Squawk Box, Lawrence Yun, National Association of Realtors chief economist, discussed the impact of skyrocketing mortgage rates on the housing sector and other issues facing the market – including advocating for a capital gains tax rate reduction for “mom & pop” real estate investors. Click here to read more.
S&P CoreLogic Case-Shiller Index Up in July

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 1% annual change for July, 2023. Click here to read more.

 
FHFA Says Home Prices Up 0.8% in July

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 0.8% in July. Click here to read more.
Zumper’s National Rent Report for September ’23

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

 
Top Cities Where Renting Makes More Sense Than Buying

We’ve seen a number of these rent vs. buy stories over the years. Realtor.com says that making the leap to buying has gotten a lot harder as home prices and mortgage rates have skyrocketed. Click here to read more.
The Challenges of Converting Vacant Office Space into Apartments

On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Andrew Hinton, who is nearing completion of an office to apartment conversion, about his experiences, both good & bad. Click here to read more.
Apartment List’s National Rent Report October ’23

Apartment List says their national median rent fell 0.5% to $1,364 – marking the 2nd straight month of negative rent growth. Click here to read more.
How Much Income Do You Need to be in the Top 1% in each State

Infographic: The Visual Capitalist says there’s an old saying: everyone thinks that they’re middle-class. However, they say that many of them are actually in the top 1%. 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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