Construction Employment Declines as Material Costs Soar
BY BRAD BECKETT ON JUNE 29, 2021
The Associated General Contractors of America says construction employment in May remained below April’s level in 40 states and the District of Columbia. They say skyrocketing material prices as well as excessive delays in receiving construction supplies were holding back the industry’s recovery. Click here to read more.
Read moreHUD Wants to Rescind 2020’s Disparate Impact Rule and Restore Previous Policy
BY BRAD BECKETT ON JUNE 29, 2021
The U.S. Department of Housing and Urban Development announced in late June that it is proposing to recodify its previously promulgated rule titled, “Implementation of the Fair Housing Act’s Discriminatory Effects Standard” (“2013 Rule”). HUD believes the 2013 Rule better states Fair Housing Act jurisprudence and is more consistent with the Fair Housing Act’s remedial purposes. Click here to read more.
Read moreLandlords Struggle to get Federal Rental Assistance
BY BRAD BECKETT ON JUNE 28, 2021
CNBC’s Diana Olick says getting rental assistance to the estimated 6 million+ tenants behind on their rent has been incredibly difficult and landlords are being “left in the lurch.” Click here to read more.
Read moreBuilt-to-Rent Suburbs Are Poised to Spread Across the Country
BY BRAD BECKETT ON JUNE 16, 2021
According to a new report from the Wall Street Journal a new trend of “built to rent” subdivisions are spreading across the county. The WSJ says these new subdivisions are managed more like apartment buildings and have designated staff for repairs & maintenance. Click here to read more.
Read moreTwenty-Two States’ Attorneys General Urge U.S. Supreme Court to Maintain Eviction Ban
BY BRAD BECKETT ON JUNE 14, 2021
Reuters is reporting that the attorneys general of 22 states recently urged the U.S. Supreme Court not to end the Centers for Disease Control and Prevention’s residential eviction moratorium that has been challenged by landlord groups who (rightly) say the CDC far exceeded its authority. Click here to read more.
Read moreZombie Foreclosures Increase 21% in Q2
BY BRAD BECKETT ON JUNE 9, 2021
According to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report, zombie foreclosures represent only one of every 12,256 homes in Q2. The report also says the number of Zombie homes sitting empty was up quarterly by 21%, and annually by 5.6%. Click here to read more.
Read moreHalf of Homes Are Now Selling Above List Price
BY BRAD BECKETT ON JUNE 2, 2021
Redfin says that a record high of 50% of homes sold for more than their listing price, up 23 percentage points from the same period one year earlier. Click here to read more.
Read moreExit Planning and Adjusting Your Expectations in a Hot Market
BY BRAD BECKETT ON JUNE 1, 2021
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talked with Allison Koetsier about why it’s important to have a clear investment strategy & goal, the biggest mistake she sees first-time investors make, and why you need to build a great team. Click here to read more.
Read moreDemand for Second Homes Has More Than Doubled
BY BRAD BECKETT ON MAY 20, 2021
Redfin says the rise in demand for second homes is more than twice the increase for primary homes, with the number of buyers who locked in mortgage rates for primary homes rising a whopping 178% from one year ago. Click here to read more.
Read moreBlack Knight Says Forbearance Volume Up Slightly in May
BY BRAD BECKETT ON MAY 25, 2021
Black Knight says forbearance volumes rose by 16k (+0.74%), in May, which they say is only the second increase over the past 12 weeks. As of mid-May there were 2.18 million (4.1% of homeowners) mortgages remaining in COVID-19-related forbearance plans. Click here to read more.
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