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Inflation Up 7.1% Over 2021
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 November,...
Metro East REIA
Dec 27, 20221 min read
Black Knight VP; Housing Market “Extremely Unaffordable” Right Now
On a recent episode of CNBC’s Exchange, Andy Walden, Black Knight VP of Enterprise Research, discussed what he thinks are keeping...
Metro East REIA
Dec 27, 20221 min read
What Languages Are Spoken in the United States?
The U.S. Census Bureau says that the number of people in the U.S. who spoke a language other than English at home nearly tripled from...
Metro East REIA
Dec 27, 20221 min read
The Blame Game is a No-Win for Landlords
If you have spent more than 30 seconds in the last year watching cable news, you are more than familiar with something called “the blame...
Metro East REIA
Dec 27, 20221 min read
Zillow’s 10 Best Metros for First-Time Home Buyers in 2023
A recent analysis from Zillow says as the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels, Wichita,...
Metro East REIA
Dec 27, 20221 min read
How Many Christmas Lights Do You Need to Light Up the Holidays?
Well, it is now December and Christmas will be here before you know it! Our friends at The Home Depot put together this handy Christmas...
Metro East REIA
Dec 3, 20221 min read
Airbnb to allow Tenants to Host Apartments on their Platform
Last week, we posted about how Airbnb rolled out new software to screen & prevent parties. Now, CNBC’s Diana Olick says Airbnb has a new...
Metro East REIA
Dec 3, 20221 min read
Zumper’s National Rent Report for November ’22
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for...
Metro East REIA
Dec 3, 20221 min read
Rentals and Smoke Detectors
Over many years, I have observed that some residents in my rental properties will disable or remove smoke detectors. I install them in...
Metro East REIA
Dec 3, 20221 min read
Mortgage Delinquencies Up 4.5% in October
According to the Black Knight’s First Look report for October, 2022, mortgage delinquencies were Up 4.5%, driven by a sharp 9.4% rise in...
Metro East REIA
Dec 3, 20221 min read
Building Materials See Price Declines for 2nd Consecutive Month
Prices for Building materials have been decreasing the past few months, according to recent data analyzed by the NAHB’s Eye on Housing. ...
Metro East REIA
Dec 3, 20221 min read
Mortgage Originations Experience Biggest Annual Drop in 21 years
ATTOM Data says mortgage originations are experiencing their biggest annual drop in 21 years. The data comes from their third-quarter...
Metro East REIA
Dec 3, 20221 min read
Existing-Home Sales Drop 5.9% in October
The National Association of Realtors is reporting that existing home sales were down 5.9% in October to a seasonally-adjusted annual rate...
Metro East REIA
Dec 3, 20221 min read
Yardi Says Rents Rising Modestly as Rate Hikes Take Center Stage
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,727 in October, up $3 from September....
Metro East REIA
Dec 3, 20221 min read
U.S. Homeownership & Rental Vacancy Rates for Q3 2022
The U.S. government is reporting that the national vacancy rates for Q3, 2022 were 6% for rental housing and 0.9% for homeowner housing. ...
Metro East REIA
Dec 3, 20221 min read
Over 100 Zip Codes Switch From Homeowner to Renter Majority
A recent report from Rentcafe says renting is at the highest level in half a century, with 43.7 million households currently living in...
Metro East REIA
Oct 30, 20221 min read
Housing Starts Down 8.1% in September
The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000,...
Metro East REIA
Oct 30, 20221 min read
Buyers Prevented from Moving into Foreclosed Home by “Supposed” Renters
According to a recent report from DC’s WUSA9, a couple in Maryland had a contract with a bank to buy a vacant foreclosed home, however...
Metro East REIA
Oct 30, 20221 min read
Builder Confidence Down as Housing Market Continues to Weaken
CNBC’s Diana Olick says that for the 10th straight month, the National Association of Home Builders (NAHB) has reported that builder...
Metro East REIA
Oct 30, 20221 min read
Local Market Monitor’s National Economic Outlook for October ’22
The surge in home prices appears over, finally flattened by mortgage rates near 7 percent, but investors’ hopes for steady prices and...
Metro East REIA
Oct 30, 20221 min read
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