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Is Artificial Intelligence Taking Over the Real Estate Industry?
CNBC’s Diana Olick says artificial intelligence might be taking over the real estate industry . She discusses the overall impact...
Metro East REIA
Oct 20, 20211 min read
Consumer Price Index Up 0.4% in September
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.4% in September,...
Metro East REIA
Oct 20, 20211 min read
Costliest Disasters to the Insurance Industry
Here in America, we still have about another month of Hurricane season – let’s hope it’s quiet. However, with that in mind, the folks...
Metro East REIA
Oct 20, 20211 min read
Share of New Homes With 4+ Bedrooms Increased in 2020
According to recent data from the U.S. Census Bureau’s 2020 Survey of Construction (crunched by the NAHB’s Eye on Housing), says that the...
Metro East REIA
Oct 20, 20211 min read
Soaring Home Prices Are Roiling Appraisals and Upending Sales
A recent article in the Wall Street Journal (reposted on Realtor.com) says soaring home prices are “roiling appraisals and upending...
Metro East REIA
Oct 14, 20211 min read
Where Do People Pay the Most Property Taxes?
The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. ...
Metro East REIA
Oct 14, 20211 min read
Over 100 Suburbs Transitioned to Renter-Majority During the Last Decade
According to recent data analyzed by RENTCafé, renters are now the majority in 103 suburbs that were previously in homeowner territory 10...
Metro East REIA
Oct 14, 20211 min read
Inflation Frustration, Mortgage Rate Surprise and a New Checklist for Homebuyers
On a recent episode of Real Estate News for Investors, Kathy Fettke takes a look at inflation frustration for the Fed, a mortgage rate...
Metro East REIA
Oct 14, 20211 min read
Apartment Affordability by Percentage of Rent-to-Income
uring 2020, renter households (in professionally managed properties) spent an average of 27% of their income on rent. The data, from the...
Metro East REIA
Oct 14, 20211 min read
Fake Pay Stubs in Action
We have had to spend more hours than ever screening people lately. We are having to cross check owners and employers and even pay stubs....
Metro East REIA
Oct 14, 20211 min read
Flipping on the Rise While Profit Margins Fall
ATTOM says that even though home flipping is on the rise, the profit margins associated with those flips are at a 10-year low. According...
Metro East REIA
Oct 14, 20211 min read
Construction Spending Remains Strong
The U.S. government is reporting that total construction spending in August was at a seasonally adjusted annual rate of $1,584.1 billion,...
Metro East REIA
Oct 14, 20211 min read
State by State Residential Fire Safety Laws
This week is Fire Prevention Week (October 3-9, 2021). Did you know that America’s fire death rate is one of the highest per capita in...
Metro East REIA
Oct 14, 20211 min read
S&P Core Logic Case Shiller Reports Record High Home Price Gain
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.7% annual gain for July, 2021, which they say is a record...
Metro East REIA
Oct 14, 20211 min read
Pending Home Sales Shoot Up 8.1% in August
The National Association of Realtors is reporting that pending home sales were up 8.1% in August, 2021. The NAR’s Pending Home Sales...
Metro East REIA
Oct 14, 20211 min read
Fire Prevention Week is October 3-9, 2021
National Fire Prevention Week runs October 3rd – 9th, 2021 and one of the best ways to celebrate is to check all your properties’ smoke...
Metro East REIA
Oct 14, 20211 min read
Demand for Second Homes Tanks
We have had several posts over the past couple years about the growing demand for second homes. However, a recent report from Redfin...
Metro East REIA
Oct 14, 20211 min read
Home Price Increases Reach All-Time High in July
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 18%...
Metro East REIA
Oct 13, 20211 min read
Black Knight Says Foreclosure Starts Edge Higher
According to Black Knight’s “first look” report for August, 2021, The national delinquency rate on first lien mortgages fell to 4% in...
Metro East REIA
Oct 13, 20211 min read
Top Bed Bug Cities of 2021
With Fall finally here and Halloween just around the corner, Terminix has released their list of the top 50 bed bug cities in America,...
Metro East REIA
Oct 13, 20211 min read
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