The Size of the Housing Shortage
BY BRAD BECKETT ON JANUARY 4, 2023
The NAHB’s Eye on Housing says homeowner & rental vacancy rates are one of the key statistics used to judge the health and direction of the housing market. Using data from the American Community Survey (ACS), they point out that abnormally low vacancy rates signal a greater housing shortage – with U.S. vacancy rates hitting their lowest readings in decades in 2021. Click here to read more.
Read moreCity of Chicago Sticks it to Zombie Foreclosure Owners
BY BRAD BECKETT ON JANUARY 4, 2023
According to an I-Team investigation by WLS-TV Chicago (ABC 7), the City of Chicago has issued tens of thousands of dollars in fines to people who are no longer property owners – including one going back to 1959. According to the report, Chicago’s Department of Finance said it can only bill people who are listed as owners on record. Click here to read more.
Read moreAmerica’s Owner-Occupied Real Estate Assets and Liabilities
BY BRAD BECKETT ON DECEMBER 29, 2022
The NAHB’s Eye on Housing recently analyzed data from the Federal Reserve’s Z.1 Financial Accounts of the United States, which shows a sharp slowdown in the quarter-over-quarter growth of households’ real estate assets. Click here to read more.
Read moreHome Flipping Declines Across in Q3, Profits Lowest Since 2009
BY BRAD BECKETT ON DECEMBER 27, 2022
According to the latest U.S. Home Flipping Report from ATTOM, 92,422 single-family houses and condominiums were flipped in Q3, 2022 representing 7.5% of all home sales in Q3. Click here to read more.
Read moreMarital Status of One-Parent Family Groups in America
BY BRAD BECKETT ON DECEMBER 27, 2022
Let’s face it, the U.S. Census Bureau publishes a lot of interesting data and charts. Likewise, when you’re working hard to ensure that there’s an adequate supply of housing for all income groups and familial situations, data like the chart below can be very useful. Click here to read more.
Read more2023 Housing Market Forecast Comparisons
BY BRAD BECKETT ON DECEMBER 23, 2022
Infographic: We love looking at predictions and try to feature as many as we can. That being said Today’s infographic form Keeping Current Matters takes a look at housing market predictions from 8 different notable sources – covering quite a few proverbial bases. Click here to read more.
Read moreRenters More Likely Than Homeowners to Spend >30% of Income on Housing
BY BRAD BECKETT ON DECEMBER 22, 2022
Citing data from the most recent American Community Survey, the U.S. Census Bureau says over 19 million U.S. renter households spent more than 30% of their income on housing costs in 2021. Click here to read more.
Read moreNAR Forecasts 4.78 Million Existing-Home Sales and Stable Prices in 2023
BY BRAD BECKETT ON DECEMBER 22, 2022
The National Association of Realtors predicts that in 2023, 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch. Click here to read more.
Read moreRentCafe’s 2022 Year-End Report
BY BRAD BECKETT ON DECEMBER 21, 2022
In their 2022 Year-End Report, Rentcafe reminds us that 44 million American households live in rental homes across the fruited-plain – the highest level in half a century. So, what were the hottest rental markets in 2022? Click here to read more.
Read moreYardi Says Multifamily Rents Turn Negative
BY BRAD BECKETT ON DECEMBER 20, 2022
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,719 in November, down $9 from October. Yardi says housing is facing a variety of economic headwinds and deteriorating demand, multifamily rents finally turned negative in November. Click here to read more.
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