Chartistry says property crime is one of the common types of crime in the country. Citing data from the FBI, today’s infographic illustrates those U.S. cities with the highest instances of property crime and the most considerable financial loss due to that crime. As always, stay safe and have a Happy Friday!!! Hat tip to Chartistry.
Author: Brad Beckett
The Wall Street Journal had an interesting piece (reposted on Realtor.com) about New York City’s Mayoral primary that subsequently took place on June, 24th. Their article suggested that NYC’s housing crisis has reached such epic proportions that a Democratic Socialist might be the next mayor. Since its publication, extreme left-leaning candidate Zohran Mamdani won the Democrat primary election effectively making him the next Mayor of New York, since the Democrat Party dominates city elections. The WSJ says NYC’s housing crisis has hit a new level, even by New York City standards, with vacancy rates recently dropping to a record 1.4%…
According to the latest Cotality (formerly CoreLogic) Single-Family Rent Index (SFRI), U.S. single-family home rental prices increased 2.9% year over year in April, 2025. Single-family rent prices in April were up 0.8% from March. In addition, breaking it down, rent for detached units grew by 2.4%, and attached rental rates rose 2.7%. “Annual single-family rent growth mostly moved sideways in April, increasing by 2.9% year over year for the second consecutive month. Rents increased the most in the Northeast, Midwest, and Mid-Atlantic. They increased the least in the South, which is a similar pattern to home price growth. This could…
In their latest Self Storage National Report, Yardi says national advertised rates were down 0.5% year-over-year in May 2025, with an annualized average rent per square foot of $16.76 for the combined mix of unit sizes and types. This compares to -0.3% in April and -0.2% in March. In addition, Yardi says their data points to a gradual slowdown in new development with new square footage will dropping in the coming years. Yardi Matrix data points to a gradual slowdown in new development. The Q2 2025 Yardi Matrix self storage supply forecast anticipates that new square footage will drop 19%…
A new report from Redfin says one third (33.5%) of baby boomers who own their home say they will never sell, with another 30% saying they’ll sell their home at some point, but not within the next 10 years. As for the younger generations, 25% of Gen X and 21% of millennial/Gen Zers say they’ll never sell….Subject to change, of course, for all of the above generations, especially as the equity builds. There are several financial and lifestyle reasons why older Americans are much more likely than younger Americans to stay put. Many baby boomers who own their home don’t…
According to the NAR’s 2025 Title Deed & Fraud Survey report, 63% of respondents reported awareness of such fraud in their markets within the past 12 months, with the Northeast experiencing the highest prevalence at 92%. The NAR says these scams are more common in central cities and suburban areas, frequently involving vacant land rather than owner-occupied properties, with only 12% involving owner-occupied homes. Click here to read the full report at the NAR.
The U.S. government is reporting that privately‐owned housing starts in May, 2025 were at a seasonally adjusted annual rate of 1,256,000, which is 9.8% lower than April’s revised number but and is 4.6% lower than one year ago. May’s rate for buildings with five units or more was 316k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,422,000, which is 2% below than April’s revised number and is 1% lower than one year ago. Authorizations of units in buildings with five units or more were at a rate of 444k in…
According to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built single-family homes climbed three points to 32 in June 2025 – 3rd lowest since 2012. They say their index has only posted a lower reading two times since 2012. The NAHB has been conducting the monthly survey for more than 35 years with a score of 50 is considered the breakeven point. “Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty…To help address affordability concerns and bring hesitant buyers…
A long time ago, some long forgotten wise sage said it best; Cash is king…. Today’s graphic from the Realtors says 26% of homebuyers last year paid cash for their purchase. Next, they take it one step further by showing who exactly is carrying around all that cash. Their data came from their latest Home Buyers and Sellers Generational Trends report. As always, stay safe and have a Happy Friday!!! Hat tip to the Realtors.
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. “In a low-growth economic environment, demand for real estate will be softer and competition for consumer dollars will push companies and investors into more questionable strategies.” Click here for more information about Local Market Monitor.