Yardi Says Multifamily Rent Growth Slows, But Still Strong
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents dropped $1 to $1,718 in August, marking the first month-over month decline since June 2020. Click here to read more.
CoreLogic’s HPI Says Home Prices Up 15.8% in July
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 15.8% year-over-year in July. However, on a month-over-month basis, home prices decreased by 0.3% in July compared with June. Click here to read more.
Two-Thirds of Millennials & Gen Z Who Moved Back Home Are Still There
A recent report from LendingTree says 32% of young adults moved back home during the pandemic – two-thirds of which are still there. Slightly more than half (51%) of those who moved home said it was out of necessity. Click here to read more.
U.S. Foreclosure Starts Reach Pre-Pandemic Levels
According to ATTOM Data’s August 2022 U.S. Foreclosure Market Report, there were a total of 34,501 U.S. properties with foreclosure filings. This figure is up 14% from one month ago and 118% from the same time period a year ago. Click here to read more.
San Francisco Parking Spot Listed for $90k
Anyone who has ever driven in San Francisco can share how hard it is to park a car. Now comes a report from the Bay Area’s KNTV about how a single covered parking spot is currently listed for $90,000. Click here to read more.
Local Market Monitor’s National Economic Outlook for September ’22
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.
Trusting Your Trustee
Jeff Watson says many real estate investors consistently use what he calls a “grantor revocable title holding trust”, which is a more accurate term than “land trust”, to take and hold title to a piece of real estate they buy for investment purposes. Such trusts can be used whether the property is being held as a long-term rental or being bought as a buy, fix and resell or being resold as a quick flip. The most important component of such an arrangement is the capacity and integrity of your trustee. Click here to read more.
Rising Inflation Causing Hardship for Majority of Households
We saw in the news this past week that inflation continues to rear its ugly head. Today’s graphic from Statista illustrates how inflation is causing hardship for the majority of U.S. households. 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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