NY City Renters Owe More Than $1 Billion in Unpaid Rent
BY BRAD BECKETT ON JANUARY 26, 2021
The Wall Street Journal is reporting that renters in New York City owe in excess of $1 billion in unpaid rent during the Coronavirus pandemic, according to data from a recent survey. Click here to read more.
Read moreExisting-Home Sales Up Slightly
BY BRAD BECKETT ON JANUARY 25, 2021
The National Association of Realtors is reporting that existing home sales were up 0.7% in December to a seasonally-adjusted annual rate of 6.76 million (up 22.2% from one year ago).Click here to read more.
Read moreThe Business of Airbnb
BY BRAD BECKETT ON JANUARY 22, 2021
Infographic: Airbnb has a market cap close to $90 billion, making them one of the largest businesses in travel & tourism. They point out that nights & experiences booked by customers have shot up from 72 million in 2015 to 326 million in 2019. Click here to read more.
Read moreDue Diligence on the Legal End
BY JANE GARVEY ON JANUARY 21, 2021
One of the things that really concerns me in today's world is the amount of advice being casually asked for and given on the internet about legal matters. Currently, we are in a period where the number of new regulations, laws, ordinances, mandates, and rules coming at us is overwhelming. Click here to read more.
Read moreCDC to Extend Eviction Moratorium Through March
BY BRAD BECKETT ON JANUARY 21, 2021
Among the many executive orders signed by President Joe Biden on his first day in office was one ordering the CDC to extend their eviction moratorium though March 31, 2021. Click here to read more.
Read moreFHFA 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.
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