FHFA Extends Foreclosure & Eviction Moratoriums through February
BY BRAD BECKETT ON JANUARY 20, 2021
The Federal Housing Finance Agency (FHFA) announced they are extending their moratorium on foreclosures and evictions from single-family foreclosures and real estate owned (REO) through February 28, 2021. Click here to read more.
Read moreLocal Market Monitor's National Economic Outlook for January
BY BRAD BECKETT ON JANUARY 19, 2021
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
Read moreSerious Delinquencies Three Times Higher than in 2019
BY BRAD BECKETT ON JANUARY 19, 2021
According to CoreLogic's latest Loan Performance Insights Report, serious delinquencies (defined as 90 days or more past due, including loans in foreclosure) was 4.1% in October. Click here to read more.
Read moreYardi Says Rents Declined 0.8% in December
BY BRAD BECKETT ON JANUARY 18, 2021
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were down 0.8% year-over-year in December. Click here to read more.
Read moreConsumer Price Index Up 0.4% in December
BY BRAD BECKETT ON JANUARY 18, 2021
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.4% in December. Click here to read more.
Read moreThe Number of "Million-Dollar Cities" spiked sharply in 2020
BY BRAD BECKETT ON JANUARY 14, 2021
Zillow says that the typical home value in the U.S. is about $263k, however the number of "million-dollar cities" spiked sharply in 2020. According to their analysis, million-dollar cities are those with a typical home value of at least $1 million. Click here to read more.
Read moreInventory Sinks as New Home Prices See Continued Growth
BY BRAD BECKETT ON JANUARY 14, 2021
On a recent episode of Real Estate News for Investors, Kathy Fettke discusses how inventory has hit a new low while home prices are continuing to rise as well as other recent news affecting the real estate market. Click here to read more.
Read moreRental Home Construction Climbs as Purchase Prices Surge
BY BRAD BECKETT ON JANUARY 13, 2021
According to recent analysis from the Wall Street Journal there hasn't been this many single-family homes under construction in the U.S. since 2007. However, as they point out, many of these new homes won't be up for sale but are being built solely for rent. Click here to read more.
Read moreAmericans Are Moving West and South
BY BRAD BECKETT ON JANUARY 13, 2021
In their 44th annual National Movers study, United Van Lines says Americans are moving west and south - with the Coronavirus pandemic further accelerating those moves. According to the report, Idaho had highest percentage of inbound migration with New Jersey experiencing the largest percentage of outbound moves. Click here to read more.
Read moreAmerica's 2020 Rental Market in Review
BY BRAD BECKETT ON JANUARY 12, 2021
Rentable (formerly known as ABODO) says most Americans will be happy to have 2020 behind them - especially after dealing with the Coronavirus pandemic for most of the year. Their recent 2020 Rental Market Review says that nationally, rents, on average, went up however some larger metro areas saw steady declines. Click here to read more.
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