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Mortgage Demand Hits a 22-Year Low
CNBC’s Diana Olick says mortgage demand recently hit a 22-year low as buyers worry about higher interest rates and inflation. She says...
Metro East REIA
Aug 1, 20221 min read
Existing Home Sales Down 5.4% in June
The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of...
Metro East REIA
Aug 1, 20221 min read
A Decade of U.S. Population Growth & Decline
We have had a lot of posts about population data – especially the importance of knowing where people are moving to/from. Today’s graphic...
Metro East REIA
Aug 1, 20221 min read
Government Regulation Accounts for Over 40% of Multifamily Development Costs
Recent data from a NAHB & NMHC report says regulation imposed by all levels of government accounts for an average of 40.6% of multifamily...
Metro East REIA
Jul 15, 20221 min read
Medical Debt Is Being Removed From Credit Reports
Numerous media outlets have reported that as of July 1st, the three major credit bureaus are removing paid-off medical debt from...
Metro East REIA
Jul 15, 20221 min read
Black Knight Says Housing is the Least Affordable since the Mid-1980s
Black Knight’s Mortgage Monitor Report for May, 2022 says home prices rose 1.5% from April, which they say is nearly twice the...
Metro East REIA
Jul 15, 20221 min read
Does Your State Have an Estate or Inheritance Tax?
he old axiom about the two certainties in life are death & taxes remains true. A recent report from the Tax Foundation says in 2022,...
Metro East REIA
Jul 15, 20221 min read
Fuel Up On the Facts
Today’s graphic from the American Petroleum Institute reminds us that fuel prices are determined by the market forces of supply & demand,...
Metro East REIA
Jul 11, 20221 min read
Federal Court Upholds CA Law Requiring Landlords to Pay One Month’s Rent to Legally Evicted Tenants
In late June a federal appeals court upheld a 2020 California law that forces property owners who legally evict tenants to pay them one...
Metro East REIA
Jul 11, 20221 min read
S&P CoreLogic Case-Shiller Index Shows 20.4% Annual Home Price Gain
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 20.4% annual gain for April, 2022. Their 10-City Composite...
Metro East REIA
Jul 11, 20221 min read
Airbnb Makes Ban on all Parties & Events in Listings Permanent
In late June, short-term rental platform Airbnb announced that they were making their temporary ban on all parties and events permanent. ...
Metro East REIA
Jul 11, 20221 min read
Zumper’s National Rent Report for June ’22
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for...
Metro East REIA
Jul 11, 20221 min read
Flipping Spikes Nationwide While Profits Drop to 13-Year Low
According to the latest U.S. Home Flipping Report from ATTOM, 114,706 single-family houses and condominiums were flipped in Q1, 2022. ...
Metro East REIA
Jul 11, 20221 min read
Black Knight Says Serious Delinquencies 45% Above Pre-Pandemic Levels
According to Black Knight’s “first look” report for May, 2022, the national delinquency rate on first lien mortgages fell slightly to...
Metro East REIA
Jul 11, 20221 min read
New Single-Family Home Sales Up 10.7% in May
The U.S. Government is reporting that sales of new single-family houses in May, 2022 were at a seasonally adjusted annual rate of 696k,...
Metro East REIA
Jul 11, 20221 min read
Existing Home Sales Down 3.4% in May
he National Association of Realtors is reporting that existing home sales were down 3.4% in May to a seasonally-adjusted annual rate of...
Metro East REIA
Jul 11, 20221 min read
Rising Building Material & Freight Prices Push Construction Costs Higher
The NAHB’s Eye on Housing says the prices of goods used in residential construction increased 19.4%, year-over-year. Citing data from...
Metro East REIA
Jun 22, 20221 min read
Mobile Home Prices Increased 50% During Pandemic
A recent report from Breitbart says the average national price for manufactured homes rose nearly 50% over the course of the pandemic,...
Metro East REIA
Jun 22, 20221 min read
Housing Starts Drop to Lowest Level Since April 2020
The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000, which...
Metro East REIA
Jun 22, 20221 min read
America’s Aging Housing Stock
Citing data from the American Community Survey, The NAHB’s Eye on Housing says the median age of owner-occupied homes in the U.S. is 39...
Metro East REIA
Jun 16, 20221 min read
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