RSS News & Updates

  • Grocery Stores’ Impact on the Housing Market August 23, 2019
    Did you know that a Trader Joe’s or an ALDI near your property might increase its ROI?  This is according to ATTOM Data’s recent Grocery Store Battle analysis that looked at how living near a Trader Joe’s, a Whole Foods or an ALDI can affect your home’s value – or flipping ROI!    Interestingly, for […]
  • Mortgage Delinquencies Rise in Q2 August 22, 2019
    According to the latest Mortgage Bankers Association (MBA) National Delinquency Survey, mortgage delinquencies increased 11 basis points from the first quarter of 2019 and 17 basis points from one year ago.  The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.53% of all loans outstanding at the […]
  • Turning Obsolete Buildings Into Climate Controlled Self-Storage August 22, 2019
    Have you ever thought about turning obsolete buildings into climate controlled self-storage?  That subject was tackled in a recent episode of the Rental Property Owner & Real Estate Investor podcast.   Host Brian Hamrick interviews Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert […]
  • Mortgage Debt Hits Record, Eclipsing 2008 Peak August 21, 2019
    A recent report from the Wall Street Journal (reposted by Realtor.com) says that U.S. mortgage debt reached a record in Q2, exceeding a peak last seen in 2008.   Data from the Federal Reserve Bank of New York show that mortgage balances were up $162 billion to $9.406 trillion.  The previous high water mark was $9.294 […]
  • Property Taxes Paid by U.S. County August 21, 2019
    The Tax Foundation is reporting that in FY 2016, property taxes accounted for 31.5% of total state & local tax collections in the U.S – more than any other source of tax revenue.  However, they do rightly point out that property tax collections vary widely per state along with their rates.  And, as we’ve posted […]
  • Local Market Monitor’s National Economic Outlook for August August 20, 2019
    Local Market Monitor, a National REIA preferred vendor, recently released their National Economic Outlook for August, 2019 where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook – July 2019 August 15, 2019 By Ingo Winzer The data on Gross Domestic Product for the second quarter are as unenlightening as […]
  • Yardi Says Rents Show Impressive & Consistent Performance August 20, 2019
    According to the latest Yardi Matrix, U.S. multifamily rents rose in July, coming in at $1,469 with year-over-year growth increasing to 3.4% (up 10 basis points from June).  Yardi says multifamily rents continued their impressive and consistent performance but cautions that there is potential for market volatility and slower growth.  Indeed… Click here to read […]
  • HUD Proposes Revised Disparate Impact Rule August 19, 2019
    The U.S. Department of Housing and Urban Development (HUD) recently announced a proposed rule amending HUD’s interpretation of the Fair Housing Act’s disparate impact standard.  National REIA has been following this issue closely and will work to keep members updated as this proposal moves forward.  Below is the media release issued by HUD on 8/16/19. […]
  • Building Permits Up 8.4%, Housing Starts Down 4% August 19, 2019
    The U.S. government is reporting that privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,191,000, which is 4% lower than July’s revised estimate.  Single‐family housing starts in July were at a rate of 876k, which is 1.3% higher than June’s revised figure.   July’s rate for units in buildings with five […]

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