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Mortgage Rates Rise Significantly
According to recent data from FreddieMac, interest rates have quickly risen to levels not seen since March, 2020. Their research shows...
Metro East REIA
Jan 18, 20221 min read
Local Market Monitor’s National Economic Outlook for January 2022
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their...
Metro East REIA
Jan 18, 20221 min read
Lumber Prices Are Soaring Again
Mortgage News Daily is reporting that after a few months of moderation lumber prices are once again soaring. Citing data from the...
Metro East REIA
Jan 18, 20221 min read
Yardi Says After Record Year, What’s in Store for 2022?
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in December increased $2 to $1,594 (13.5%...
Metro East REIA
Jan 12, 20221 min read
U-Haul Says Texas is Top Growth State for 2021
According to U-Haul’s annual Growth Index, Texas edged-out Florida for the largest net gain of one-way U-Haul truck rentals in 2021 with...
Metro East REIA
Jan 12, 20221 min read
Investors Buy Up Metaverse Real Estate in Virtual Land Boom
The Wall Street Journal says investors are buying up metaverse real estate in a “virtual land boom.” It might be kind of hard to get...
Metro East REIA
Jan 12, 20221 min read
Zillow Economist Says Hottest Housing Boom Will Be in Tampa
A recent CNBC report featured Jeff Tucker, senior economist at Zillow, where he discussed areas he expects to housing demand to boom in...
Metro East REIA
Jan 12, 20221 min read
CoreLogic Says 2022 Will Be Another Strong Year for Home Prices
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 18.1%...
Metro East REIA
Jan 12, 20221 min read
Smart Homes and Security Products
If you’re like many Americans, you might have a doorbell camera, a security system or maybe even a smart lock or two. It’s a good piece...
Metro East REIA
Jan 12, 20221 min read
Three Predictions on the Strength of Housing Market in 2022
Recently in HousingWire, Altos Research founder Mike Simonsen said there are three important predictions about the strength of the 2022...
Metro East REIA
Jan 12, 20221 min read
Home Prices Approached All-Time High in December
Recent data from Redfin shows that in mid-December the median home sale price rose 14% year over year to $359,750, which they say is just...
Metro East REIA
Jan 12, 20221 min read
Construction Spending Up Slightly in November
The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $1,625 billion,...
Metro East REIA
Jan 5, 20221 min read
Best Markets For Real Estate Investment In 2022
In a recent article in Forbes, Local Market Monitor’s Ingo Winzer says that in ordinary times real estate investors don’t worry much...
Metro East REIA
Jan 5, 20221 min read
Inflation Remains a Wild Card in GDP Outlook for 2022
The Federal Reserve Bank of St. Louis says inflation will remain a wild card in GDP outlook for 2022. In fact, they point out that...
Metro East REIA
Jan 5, 20221 min read
Pending Home Sales Fall 2.2% in November
The National Association of Realtors is reporting that pending home sales were up 2.2% in November, 2021. The NAR’s Pending Home Sales...
Metro East REIA
Jan 5, 20221 min read
FHFA House Price Index Up 1.1% in October
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices in October were up 1.1% from...
Metro East REIA
Dec 30, 20211 min read
How House Hacking Helped Michael Bennett Get Started in Real Estate
On a recent episode of the AZREI Show, Marcus Maloney & Michael Del Prete talk with guest Michael Bennett about how he got started, house...
Metro East REIA
Dec 30, 20211 min read
Home Flipping Profit Margins Continue to Drop Across U.S. in Q3
According to the latest U.S. Home Flipping Report from ATTOM, 94,766 single-family houses and condominiums were flipped in Q3, 2021. ...
Metro East REIA
Dec 28, 20211 min read
New Home Sales Up 12.4% in November
The U.S. Government is reporting that sales of new single-family houses in November, 2021 were at a seasonally adjusted annual rate of...
Metro East REIA
Dec 28, 20211 min read
Existing Home Sales Up 1.9% in November
The National Association of Realtors is reporting that existing home sales were up 1.9% in November to a seasonally-adjusted annual rate...
Metro East REIA
Dec 28, 20211 min read
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