By: Alexandra Both With 52% of Millennials owning a home, the largest generation in the nation transitioned from renter-majority to owner-majority in 2022. The number of Millennial homeowners increased by 7 million in the last five years, more than triple the number added by Gen X, who came in second. Millennials remained the dominant renter generation, with 17.2...
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. Visit our Website Redfin Says Typical Down Payment Has Fallen 10% As Housing Market Cools The U.S. government is reporting that total construction spending in February, 2023 was at a seasonally adjusted annual rate of $1,844.1...
By: Brad Beckett Knowing your customers is vitally important in today's housing market. Especially as aging baby boomers downsize and relocate it's important to know as much as you can about this demographic. Today's interactive infographic from the U.S. Census bureau offers a wide range of statistics about America's over 65 population. Interestingly, the pull down menu offers up over 20...
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. Visit our Website Pending Home Sales Up 0.8% in February The National Association of Realtors is reporting that pending home sales were up 0.8% in February, 2023 – the third month in a row. The NAR’s Pending...
By: Brad Beckett This Sunday, April 9th is Easter. Each year the holiday falls on the first Sunday following the full moon after the vernal equinox. Interestingly, the date fluctuates each year between March 22nd and April 25th. Today’s infographic from the dataviz blog takes a look at “Easter by the Numbers” all the way from the resurrection of Jesus Christ...
By: Jeffery S. Watson Dear Anna, For those of you who do not learn from history, you will repeat it. In 2016, a book titled Evicted: Poverty and Profit in the American City, a progressive, pro-tenant publication, began circulating and influencing many of the news stories regarding housing being available in the United States. Then came the Covid Eviction Moratorium, and out of...
Overview: Over the past week, the troubles in the banking sector did not spread, making investors more willing to shift back to riskier assets, which was negative for mortgage markets. The economic data released this week had little impact and rates finished higher. With each day that passes without significant new problems at any additional banks, investor concerns ease. This...
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. Visit our Website Existing-Home Sales Surge 14.5% in February The National Association of Realtors is reporting that existing home sales were up 14.5% in February to a seasonally-adjusted annual rate of 4.58 million (down 22.6% year...
By Brad Beckett We love posting about short-term rentals - especially when there's some good news for the segment. Today's infographic from Statista says Airbnb saw its bookings cut by more than 40% due to Covid 19. However, as they illustrate, Airbnb bounced back remarkably well in 2021 and 2022 with the number of nights and experiences booked through the platform...
By Tiffany McBroom and Melanie Sikma Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming. It is crucial for real estate investors to understand the tax laws and regulations specific to real estate to minimize their tax liabilities and maximize their returns. In this article, we will discuss some important...