NY City Renters Owe More Than $1 Billion in Unpaid Rent

BY  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.

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Existing-Home Sales Up Slightly

BY  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.

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The Business of Airbnb

BY  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.

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Due Diligence on the Legal End

BY  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.

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CDC to Extend Eviction Moratorium Through March

BY  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.

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FHFA Extends Foreclosure & Eviction Moratoriums through February

BY  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.

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Local Market Monitor's National Economic Outlook for January

BY  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.

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Serious Delinquencies Three Times Higher than in 2019

BY  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.

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Yardi Says Rents Declined 0.8% in December

BY  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.

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Consumer Price Index Up 0.4% in December

BY  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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