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US Mortgage Delinquencies Fall for 22nd Straight Month
According to the latest CoreLogic Loan Performance Insights Report, in January 2023, 2.8% of mortgages were delinquent by at least 30...
Metro East REIA
Apr 17, 20231 min read
More American Households Have Pets Than Children
According to recent data analyzed by the National Association of Realtors, the share of families with children living in their homes...
Metro East REIA
Apr 13, 20231 min read
Redfin Says Typical Down Payment Has Fallen 10% As Housing Market Cools
New data from Redfin shows that the typical down payment fell over 10% over a one-year period ending in January, coming in at $42k. They...
Metro East REIA
Apr 13, 20231 min read
Squatters Torment Homeowners Across the Country
We first heard about this property back in the Fall after a Maryland couple with a bank contract to buy a vacant foreclosed home went to...
Metro East REIA
Apr 6, 20231 min read
FHFA Says Home Prices Up 5.3% Year-Over-Year
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 5.3% from January 2022...
Metro East REIA
Apr 6, 20231 min read
Average Apartment Size Shrinking as Studios & 1-Bedrooms Gain Share
Rentcafe says the rising demand for rentals is affecting the size of newly built apartments in a negative way. They point out that in...
Metro East REIA
Apr 6, 20231 min read
Home Sellers Can Sue as Class Action Against NAR & Brokerages, Federal Judge Says
In late March, a federal judge in in Northern Illinois said home sellers accusing the National Association of Realtors (and a group of...
Metro East REIA
Apr 6, 20231 min read
Your Guide to the Renter’s Bill of Rights – Parts 1 & 2
Recently, the Biden Administration released its Blueprint for the Renters Bill of Rights. On two recent episodes of the Rent Perfect...
Metro East REIA
Mar 27, 20231 min read
Existing-Home Sales Surge 14.5% in February
The National Association of Realtors is reporting that existing home sales were up 14.5% in February to a seasonally-adjusted annual rate...
Metro East REIA
Mar 27, 20231 min read
Federal Judge Halts Biden Administration Waters Rule in Texas & Idaho
Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of...
Metro East REIA
Mar 21, 20231 min read
Housing Starts & Permits Jump Up in February
The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000,...
Metro East REIA
Mar 21, 20231 min read
Yardi Says Multifamily Flat in February
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,702 in February, the same as...
Metro East REIA
Mar 21, 20231 min read
Housing Costs are the Leading Increase in Inflation
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February,...
Metro East REIA
Mar 21, 20231 min read
Tarek & Heather El Moussa’s First Flip Was a Flop
We’ve had a few interesting posts about Tarek El Moussa hosuing flipping over the years. They’re entertaining and, while it is on TV,...
Metro East REIA
Mar 21, 20231 min read
America Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building
A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the...
Metro East REIA
Mar 21, 20231 min read
Understanding the Tax Laws and Regulations is Crucial for Real Estate Investors
Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming....
Metro East REIA
Mar 12, 20231 min read
The Feasibility of Converting Commercial Real Estate to Multifamily
A recent joint report from the NMHC & Urban Land Institute examines the feasibility and potential of repurposing unused and underutilized...
Metro East REIA
Mar 12, 20231 min read
S&P CoreLogic Case-Shiller Reports 5.8% Annual Home Price Gain
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.8% annual gain for December, 2022. Their 10-City...
Metro East REIA
Mar 12, 20231 min read
Zumper’s National Rent Report for February ’23
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for...
Metro East REIA
Mar 12, 20231 min read
Pending Home Sales Up 8.1% in January
The National Association of Realtors is reporting that pending home sales were up 8.1% in January, 2023 – two months in a row. The...
Metro East REIA
Mar 12, 20231 min read
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