Weekly Roundup Real Estate Updates

24May

Weekly Roundup Real Estate 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.
Inflation Continues to Rise

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April, 2024. The all items index was up 3.4% for the 12 months ending in April. Click here to read more.
Housing Starts Up 5.7%

The U.S. government is reporting that privately‐owned housing starts in April, 2024 were at a seasonally adjusted annual rate of 1,360,000, which is 5.7% higher than March’s revised number and is 0.6% lower than one year ago. Click here to read more.
AAA Says Close to 44 Million Americans Will Travel Over Memorial Day

The venerable AAA predicts that close to 44 million Americans will travel 50+ miles from home this Memorial Day weekend – an increase of 4% over 2023 and close to 2005’s record of 44 million. Click here to read more.

 
Fed Officials on Rate Cuts, How Much Income to Buy a Home, and Homebuyer Compromises

On a recent episode of Real Estate News for Investors, Kathy Fettke discusses what Fed officials are now saying about rate cuts in 2024, how much income you need to buy a home, and the kinds of compromises buyers are willing to make for a more affordable home. Click here to read more.
Survey Says Building Codes Are Driving Challenges to the Building of New Housing

A recent report from the National Multifamily Housing Council (NMHC) says building codes can raise concerns about construction costs and make it increasingly difficult to develop much needed housing. Click here to read more.

 
Availability of Lots for New Homes Drops Year-Over-Year

The latest New Home Lot Supply report from Zonda says in Q1 2024 lot supply tightened year-over-year across the U.S. They say lot inventory was still categorized as “significantly undersupplied” in most markets. Click here to read more.
Seriously Underwater Mortgages Rose Slightly in Q1 2024

According to ATTOM Data’s Q1 2024 U.S. Home Equity & Underwater Report, 45.8% of mortgaged residential properties in the United States were considered equity-rich in the first quarter. Click here to read more.
Memorial Day 2024

Monday, May 27th is Memorial Day. For most Americans the three-day weekend will mark the unofficial start of summer. However, the solemn significance of the day is often forgotten. It is actually a National Day of Remembrance for America’s military men & women who paid the ultimate sacrifice while defending freedom & liberty around the globe. Click here to read more.
Check out the latest issue of reiaSENSE

Check out the latest issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.

 

 
Stay up to date:
To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.

Share this post