Housing Costs Continue to be the Leading Increase in Inflation Indexes
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.1% in march, 2023. The all items index was up 5% for the 12 months ending in March – the index for shelter was the largest contributor to the increase. Click here to read more.
Yardi Says Multifamily Rents Resume Their Rise After 5-Month Pause
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,706 in March. Yardi says year-over-year growth continued its downward slide, and is now 4% nationally. Click here to read more.
Black Knight Says Inventory Levels Continue to Deteriorate
According to Black Knight’s latest Mortgage Monitor, home prices saw their first monthly increase after 7 straight monthly declines as sales picked up, however, they point out that available inventory levels continue to deteriorate. Click here to read more.
Growth in the America’s Largest Counties Rebounds
The Census Bureau says that after some of the nation’s most populous counties experienced significant out-migration and population declines in 2021 overall patterns of population growth and decline are moving towards pre-pandemic rates for the nation’s 3,144 counties. Click here to read more.
A U.S. Court of Appeals ruled in late March that the government cannot prevent landlords from asking about applicants’ criminal histories when selecting tenants. The case stemmed from a 2017 law passed in Seattle that forbade landlords from asking about or considering prospective tenants’ criminal backgrounds. Click here to read more.
Nationwide Property Tax Revenues See Largest Increase Since 2009
According to recent analysis from the NAHB’s Eye on Housing, state and local tax data from the U.S. Census show that $286 billion in taxes were paid by property owners in Q4 of 2022. Click here to read more.
Top Cities with the Most Price Reductions
Realtor.com says sellers who overshot the market are quickly learning they can no longer fetch the sky-high prices their neighbors nabbed in early 2022. They recently crunched the numbers to come up with the top places where sellers are dropping their prices the most. Click here to read more.
The Effects of Drugs on Your Property
Scot Aubrey says; If you‘ve ever been on a boat, you are familiar with the wake that is left behind on the water. Regardless of your speed, it is impossible not to disturb the pristine glassiness of even the most still water. The same concept applies to your properties when someone has used or manufactured drugs on the premises; there is always an impact, large or small, on the condition of the property, and that impact can be as far reaching as the ripples of a passing boat. Click here to read more.
Countries that Hold the Most U.S. Debt
Infographic: This is certainly something to make you go hmmmm. Today’s infographic from the Virtual Capitalist illustrates how America owes foreign investors of its national debt $7.3 trillion – all in the form of Treasury securities. 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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