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Housing Starts & Permits Up in August
The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,415,000,...
Metro East REIA
Oct 22, 20201 min read
New CA Law Gives Tenants, Housing Groups & Local Gov’t First Crack at Buying Foreclosures
According to Mortgage News Daily, a new California law taking effect on January 1st will seek to hinder a repeat of the 1000’s of...
Metro East REIA
Oct 22, 20201 min read
Top 10 Housing Markets Most Vulnerable to Pandemic’s Impact
What are the top 10 housing markets most vulnerable to COVID-19’s Impact? In a recent special report, ATTOM Data looked at the U.S....
Metro East REIA
Oct 22, 20201 min read
CDC’s New Eviction Ban Guidance Explained
The CDC recently issued a set of FAQs (frequently asked questions) offering “non-binding” guidance with respect to their recent...
Metro East REIA
Oct 20, 20201 min read
Top 15 Hottest Cities for Millennial Renters
We love posting about millennials, if for no other reason than just like every other generation they, too need a place to live. In fact,...
Metro East REIA
Oct 20, 20201 min read
Real Estate Rehab Checklist
FortuneBuilders reminds us that buying property to upgrade and then sell it for a profit is an excellent way to make money and build...
Metro East REIA
Oct 18, 20201 min read
Yardi Says the Return to Normal Remains Slow and Volatile
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent in September was $1,463. Summing this up...
Metro East REIA
Oct 18, 20201 min read
Lot Sizes Getting Smaller
According to research from the NAHB’s Eye on Housing, the median lot size for homes sold in 2019 dropped to 8,177 square feet, or 0.188...
Metro East REIA
Oct 18, 20201 min read
CDC Issues FAQ Guidance for its Eviction Moratorium
The CDC recently issued a set of FAQs (frequently asked questions) offering “non-binding” guidance with respect to their recent...
Metro East REIA
Oct 14, 20201 min read
Landlords Are People Too
A recent essay in NY’s Daily News asserts that “landlords are people too” and addresses some of the current misdirected rage against...
Metro East REIA
Oct 13, 20201 min read
Local Market Monitor’s National Economic Outlook – October 2020
In April, the number of jobs in the economy sank an unheard of 13 percent compared to last year. By July the loss was ‘only’ 7.7 percent...
Metro East REIA
Oct 13, 20201 min read
Buyers Fleeing High-Tax States Flocking to Puerto Rico
The Wall Street Journal (reposted on Realtor.com) says lower taxes are among the reasons why wealthy buyers from high-tax states like...
Metro East REIA
Oct 8, 20201 min read
Home Prices Up 14% to Another High
Redfin is reporting that the median home sale price increased 14% year over year to $319,769, which they say is not only the highest on...
Metro East REIA
Oct 8, 20201 min read
Fire Prevention Week is October 4-10th
National Fire Prevention Week runs October 4-10th, 2020 and one of the best ways to celebrate is to check all your properties’ smoke...
Metro East REIA
Oct 8, 20201 min read
Make Yourself Your Tenants’ Top Priority
Like most of you, when I was in college, funds were tight. Even as an underexperienced money manager, I knew had to prioritize what...
Metro East REIA
Oct 6, 20201 min read
ABODO Says Rents are Flat Going into October
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in October was $1,111...
Metro East REIA
Oct 6, 20201 min read
Construction Spending Up 1.4% in August
The U.S. government is reporting that total construction spending in August was at a seasonally adjusted annual rate of $1,412.8 billion,...
Metro East REIA
Oct 6, 20201 min read
Median U.S. Household Income
What is the median household income in every state? That’s an important question for investors seeking new markets or tracking current...
Metro East REIA
Oct 1, 20201 min read
Apartment Conversions at All-Time High
A recent report from RENTCafé says that thanks to an all-time high in conversions, yesterday’s factories are today’s Apartments. The...
Metro East REIA
Oct 1, 20201 min read
Pending Home Sales Soar 8.8% in August
The National Association of Realtors is reporting that pending home sales jumped 8.8% in August – marking four consecutive months of...
Metro East REIA
Oct 1, 20201 min read
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