Value of Owner-Occupied Real Estate Falls for First Time Since 2012
BY BRAD BECKETT ON MARCH 21, 2023
A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate decreased $0.07 trillion from $43.57 trillion in Q3 2022 to $43.50 trillion in Q4 2022. Click here to read more.
Read moreHousing Costs are the Leading Increase in Inflation
BY BRAD BECKETT ON MARCH 16, 2023
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, 2023. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70% of the increase. Click here to read more.
Read moreConstruction Employment Increases In 45 States Last Year
BY BRAD BECKETT ON MARCH 15, 2023
A recent analysis from the Associated General Contractors said construction employment climbed in 45 states (and D.C.) from January 2022 to January 2023 with 42 states adding construction jobs between December and January alone. Click here to read more.
Read moreImmigration and Housing – What You Need to Know (part 1)
BY BRAD BECKETT ON MARCH 14, 2023
On a recent episode of the Rent Perfect podcast David Pickron says with an ever-increasing influx of immigrants pouring into the United States, there is a pressure being applied to the rental housing market like never before. Click here to read more.
Read moreSingle-Family Market Share Continues to Shift Away from Large Metros
BY BRAD BECKETT ON MARCH 13, 2023
The NAHB’s Eye on Housing says high housing costs have contributed to a downward shift in single-family housing starts in the nation’s in the densest counties. Click here to read more.
Read moreAmerica Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building
BY BRAD BECKETT ON MARCH 13, 2023
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 U.S. Click here to read more.
Read moreSpring Fertilization Tips
BY BRAD BECKETT ON MARCH 10, 2023
Infographic: Monday, March 20th, is the first day of Spring! That means now is a great time to start thinking about your property’s landscaping. Whether it’s a rental or a new flip, a good-looking lawn will certainly add value and improve its curb appeal! Click here to read more.
Read moreZillow’s Most Friendly Pet Cities for Renters
BY BRAD BECKETT ON MARCH 9, 2023
A recent report from Zillow says the most pet-friendly city in the country for renters is Austin, Texas, with over 4 out of every 5 rental listings allowing pets. In fact, as of January, Zillow says more than half of their rental listings indicated they allow pets. Click here to read more.
Read moreTop 10 Metros with Largest Increase in HELOCs
BY BRAD BECKETT ON MARCH 8, 2023
According to a recent report from ATTOM Data, HELOCs comprised 20.7% of all mortgages in Q4 2022 - nearly five times the 4.6% level from Q1 2021. The data, from their Q4 2022 U.S. Residential Property Mortgage Origination Report, also found that 1.52 million mortgages secured by residential property (1 to 4 units) were originated in the quarter. Click here to read more.
Read moreBlack Knight Says Sellers are Retreating from the Market
BY BRAD BECKETT ON MARCH 8, 2023
According to Black Knight’s latest Mortgage Monitor, both supply & demand in the housing market are being impacted by a volatile interest rate environment. Click here to read more.
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