Your “Weekly Roundup” News & Updates from National REIA

The U.S. Government is reporting that sales of new single-family houses in July, 2022 were at a seasonally adjusted annual rate of 511k, which is 12.6% lower than June’s revised rate and is 29.6% lower than one year ago. Click here to read more.

The National Association of Realtors is reporting that pending home sales were down 1% in July, 2022. Click here to read more.

FOX Business is reporting that Orange County, Florida voters (home to Orlando & Disney World) will go to the polls this Fall and vote on a ballot initiative that would implement rent control for one-year in one of America’s fastest growing metros. Click here to read more.

According to the ATTOM Data’s Q3 2022 Vacant Property and Zombie Foreclosure Report, there were 1.3 million (1,277,162) residential properties in the United States sitting vacant, representing 1.3%, or one in 78 homes, across the nation. Click here to read more.

Where are this year’s hottest zip codes with the fastest selling homes? Realtor.com says affordability drives high buyer demand and fast selling homes. Click here to read more.

Rental information site Zumper recently released their latest monthly National Rent Report showing double-digit year-over-year rent hikes in more than half of U.S. cities, with several posting hikes of 30% or more. Click here to read more.

A recent poll from Gallup reveals that more Americans are using cash less often, with a majority believing the U.S. will be a cashless society in their lifetimes. Click here to read more.

A recent article on Redfin reminds us that everything is becoming virtual nowadays – from artwork, to concerts, to marketing, to meetups, virtual tools have entered most people’s daily routine. However, it goes without saying that real estate, too, has entered this digital world in the form of something called the “metaverse.” Click here to read more.

Infographic: Labor Day weekend marks the unofficial end of Summer so here’s a quick infographic from WalletHub with some interesting & updated facts about the holiday. Click here to read more.

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!