Your “Weekly Roundup” News & Updates from National REIA

The National Association of Realtors is reporting that existing home sales were down 5.9% in July to a seasonally-adjusted annual rate of 4.81 million (down 20.2% year over year). Click here to read more.

The U.S. government is reporting that privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,446,000, which is 9.6% lower than June’s revised number and 8.1% lower than one year ago. Click here to read more.

The NAHB’s Eye on Housing says Single-family built-for-rent (SFBFR) construction surged during Q2, 2022 as higher mortgage rates caused homebuying affordability to decline. Click here to read more.

A recent article on Bankrate says while the concept of investing might make you think of buying and selling stocks & bonds, you can also invest by purchasing an investment property to rent out or fix it up to sell for a quick profit. They point out that Census data show about 70% of rental properties are owned by individual investors, according to Census estimates. Click here to read more.

On a recent episode of the Rent Perfect podcast David Pickron says understanding the law surrounding support and assistive animals is crucial when being an effective and law-abiding landlord. Click here to read more.

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.

In mid-August Airbnb announced that they introducing new “anti-party tools” in the US and Canada to help identify potentially high-risk reservations and prevent those users from taking advantage of their platform. Click here to read more.

A recent report on HousingWire says a combination of rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% (with no benefit from a refinance) is helping to propel a resurgent market for home-equity lines of credit (aka HELOCs). Click here to read more.

Infographic: According to a recent infographic from The National Association of Realtors, the average First-time Home Buyer is 33 years old (an all-time high) and has a household income of $86,500 as well as other data points taken from their most recent Profile of Home Buyers and Sellers. 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!