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Nationwide Median Lot Sizes Just Under 1/5 Acre
The NAHB’s Eye on Housing says that median lot sizes remained low in 2020. According to their data, the median lot size of a new...
Metro East REIA
Jul 31, 20211 min read
New Home Sales Down 19.4% from 2020
The U.S. Government is reporting that sales of new single-family houses in June, 2021 were at a seasonally adjusted annual rate of 676k,...
Metro East REIA
Jul 31, 20211 min read
Apartment List’s Renter Migration Report for Q2 2021
According to Apartment List’s latest Migration Report, more Americans moved in the year after the pandemic than in the year before. They...
Metro East REIA
Jul 31, 20211 min read
Back to School Sales Tax Holidays 2021
This weekend several states across the fruited-plain will be kicking off sales tax holidays for the back to school season. Whether you...
Metro East REIA
Jul 31, 20211 min read
S&PCoreLogicCaseShiller Says Annual Home Price Up 16.6% in May
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 16.6% annual gain for May, 2021. Their 10-City Composite...
Metro East REIA
Jul 31, 20211 min read
Housing Starts Up 6.3% in June
The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000,...
Metro East REIA
Jul 26, 20211 min read
Existing Home Sales Up 1.4% in June
The National Association of Realtors is reporting that existing home sales were up 1.4% in June to a seasonally-adjusted annual rate of...
Metro East REIA
Jul 26, 20211 min read
Rise of the Sister Cities
The Pandemic has altered life as we know it in many ways – some of which are becoming more apparent every day. John Burns Real Estate...
Metro East REIA
Jul 26, 20211 min read
Treasury Says Amount of June Emergency Rental Assistance More Than All Previous Months Combined
As if to quickly pat themselves on the back, the U.S. Treasury Department says more than $1.5 billion in rental assistance was delivered...
Metro East REIA
Jul 26, 20211 min read
Yardi Says Multifamily Rents Have Skyrocketed
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in June increased $23 to $1,482 (up 6.3%...
Metro East REIA
Jul 26, 20211 min read
More than One Way to Skin a Cat
One of the very first Real Estate Deals I ever completed with my mentor netted us just under $40K, and came from a lead that most...
Metro East REIA
Jul 26, 20211 min read
30% of all Homes Bought with Cash
You know the expression….cash is king. A new report from Redfin says cash is on the rise as Americans relocate to more affordable parts...
Metro East REIA
Jul 26, 20211 min read
WSJ Says Lumber Prices Are Way Down, But Don’t Expect New Homes to Cost Less
Lumber prices are finally coming down from the stratosphere. In fact, the Wall Street Journal (reposted on Realtor.com) suggests they’ve...
Metro East REIA
Jul 26, 20211 min read
Americans Owe More Than $1.7 Trillion in Student Loans
We’ve posted a lot about student loan debt over the past few years. According to the federal government, outstanding student loans in...
Metro East REIA
Jul 18, 20211 min read
Digital Closings Have Spiked 228%
According to a recent report form HousingWire, digital closings have spiked 228% since 2019 as more of the industry moves online. Citing...
Metro East REIA
Jul 18, 20211 min read
Consumer Price Index Up 0.9% in June
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.9% in June, 2021. ...
Metro East REIA
Jul 18, 20211 min read
NMHC Says 76.5% of Apartment Households Paid Rent by July 6th
The National Multifamily Housing Council (NMHC) says that 76.5% of apartment households made a full or partial rent payment by July 6th,...
Metro East REIA
Jul 18, 20211 min read
Which States have the Highest & Lowest Property Taxes?
The Tax Foundation says that since property taxes are tied to housing values, it makes sense that the actual dollar amounts of property...
Metro East REIA
Jul 18, 20211 min read
Top 10 U.S. Housing Markets with Fastest Flip Times
Last month we shared ATTOM’s top 10 zip codes where flipping is on the rise. Their latest U.S. Home Flipping Report showed that both the...
Metro East REIA
Jul 18, 20211 min read
The Deeply Flawed Studies Behind the Eviction Moratoriums
A recent report from Reason shows how the government and media relied on studies plagued by shoddy statistics to make the case for...
Metro East REIA
Jul 12, 20211 min read
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