Yardi Says Supply Growth Pushes Multifamily Rents Down

BY  ON NOVEMBER 21, 2023

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,718 in October, 2023. Yardi says demand for apartments remains robust. Click here to read more.

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Housing Starts & Building Permits Up Slightly

BY  ON NOVEMBER 20, 2023

The U.S. government is reporting that privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,372,000, which is 1.9% higher than September’s revised number but is 4.2% lower than one year ago. Click here to read more.

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Inflation Running at 3.2% Year Over Year

BY  ON NOVEMBER 20, 2023

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October, 2023. The all items index was up 3.2% for the 12 months ending in October. Click here to read more.

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Household Debt Rises to $17.29 Trillion

BY  ON NOVEMBER 15, 2023

A new report from the New York Fed says household debt has risen to $17.29 trillion (up 1.3%) in Q3 2023, led by mortgages, credit cards and student loans. The data is from the Fed’s latest issue of the Quarterly Report on Household Debt and Credit. Click here to read more.

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Safeguard Your Real Estate Investments with Instant Term Life Insurance

BY  ON NOVEMBER 15, 2023

Jason K. Powers says for real estate investors, the balance of risk and reward is a daily consideration. While tangible assets like properties can seem like solid pillars in one’s investment portfolio, unforeseen circumstances can threaten the stability of even the most carefully laid plans. This is where “Instant Term Life Insurance” becomes an invaluable asset. Click here to read more.

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Millennials and Gen Z Take Longer to Leave Home Compared to Previous Generations

BY  ON NOVEMBER 14, 2023

A recent report from RentCafe reveals that approximately 14 million Millennials and 23 million Gen Z-ers shared a household with at least one family member. Click here to read more.

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Washington Homeowner Lives in Van While Deadbeat Tenant Lists House on Airbnb

BY  ON NOVEMBER 13, 2023

Any more, you really can’t make this stuff up; A recent report on FOX News revealed a Seattle homeowner has been living out of his van while deadbeat tenants, who listed his rental house on Airbnb, will have to wait at least four more months for an eviction hearing due to a severe court backlog. Click here to read more.

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Serious Mortgage Delinquency Rate Drops to All-Time Low

BY  ON NOVEMBER 13, 2023

According to the CoreLogic’s latest Loan Performance Insight Report, the share of U.S. borrowers who were in serious mortgage delinquency (90 days+) dropped to 0.9% in August, the lowest recorded since January 1999. Click here to read more.

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FHFA Says Home Prices Up 5.6% in Year Over Year

BY  ON NOVEMBER 7, 2023

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices home prices rose 0.6% in August, 2023. Click here to read more.

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U.S. Homeownership & Rental Vacancy Rates for Q3 2023

BY  ON NOVEMBER 6, 2023

The U.S. government is reporting that the national vacancy rates for Q3, 2023 were 6.6% for rental housing and 0.8% for homeowner housing. The national homeownership rate for Q3, 2023 was 66%. Click here to read more.

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