The Mortgage Rate Surge
BY BRAD BECKETT ON OCTOBER 20, 2023
Infographic: Today’s graphic from the Visual Capitalist reminds us that the 30-year fixed-rate mortgage has reached its highest level since 2002. They say that with rising home prices and tight inventory, affordability is now at its lowest point in history. Click here to read more.
Read moreBeware of Fraud
BY BRAD BECKETT ON OCTOBER 18, 2023
On a recent episode of the Rent Perfect podcast David Pickron says we’ve all been victims of fraud one way or another – even if we don’t know it. In this episode, Dave shares six simple ways to help protect you from fraud. Click here to read more.
Read moreCalifornia Caps Security Deposits
BY BRAD BECKETT ON OCTOBER 18, 2023
As if it weren’t already hard enough to be a landlord in California; The LA Times is reporting that CA Governor Gavin Newsom recently signed several new laws to supposedly protect tenants against eviction, high rental costs, and one that caps security deposits to no more than one-month’s rent. Click here to read more.
Read moreYardi Says Multifamily Remains Robust Despite Challenges
BY BRAD BECKETT ON OCTOBER 17, 2023
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,722 in September, 2023. Click here to read more.
Read moreTiny Homes Are Hot New Homeowners’ Accessory
BY BRAD BECKETT ON OCTOBER 17, 2023
The Wall Street Journal says the latest amenity for homeowners is another, smaller home – aka an accessory dwelling unit, or ADU. Click here to read more.
Read moreReal Estate Trade Groups Call on the Fed to Say No to Rate Hikes
BY BRAD BECKETT ON OCTOBER 16, 2023
The Scotsman Guide is reporting that three real estate industry groups have banded together to bring attention to the Federal Reserve about what they say is havoc being caused by rising interest rates on the housing market. Click here to read more.
Read moreConstruction Employment Rises By 11k in September But Firms Struggle To Fill Openings
BY BRAD BECKETT ON OCTOBER 12, 2023
Recent analysis from the Associated General Contractors said the construction industry added 11k jobs in September as unemployment rates for the sector remained at historically low levels, prompting contractors to raise pay faster than for other jobs. Click here to read more.
Read moreProperty Tax Revenue Climbs as Share of State & Local Government Revenue
BY BRAD BECKETT ON OCTOBER 12, 2023
Recent analysis from the NAHB’s Eye on Housing says that $132 billion in taxes were paid by property owners in Q2 of 2023. Click here to read more.
Read moreUsing A Key Word Helps You Get the Right Tenant
BY SCOT AUBREY ON OCTOBER 11, 2023
Scot Aubrey says one of the best methods for helping you find the perfect tenant for your property sounds mysterious but is quite simple and straight-forward; a key word, which might be a specific word or phrase you place in your listings that you request they use when they respond to your listing. Click here to read more.
Read moreRedfin Breaks Ties with the Realtors
BY BRAD BECKETT ON OCTOBER 10, 2023
In a recent media release, Redfin says they are taking steps to “end our support of the National Association of Realtors.” The cite as their reasons NAR policies requiring a fee for the buyer’s agent on every listing and a pattern of alleged sexual harassment. Click here to read more.
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