Christmas will soon be here, and that means gifts galore. Along those lines, the folks over at Statista reminds us that when it comes to those gifts, cash is king. As their chart shows, “festive classics” still dominate the ranking this year…but when it comes to receiving, people want cash. Just don’t lose sight of the “reason for the Christmas season.” Stay safe and have a Happy Friday!! Hat tip to Statista.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Redfin says both rent and mortgage payments have risen sharply in 2021. In fact, they point out that rent alone has seen its highest growth rate in at least two years. According to their report, average monthly rent has increased 13% nationwide while mortgage payments have grown 17% over the same period. Interestingly, Redfin points out that a handful of cities saw rents rise more than 30% from one year ago – these cities include Miami, Seattle, Portland (Oregon) and Austin. “Growth rates for mortgage payments and rents had been converging, but an uptick in mortgage rates and home prices…
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices in Q3 were up 4.2% from the second quarter of 2021. In addition, home prices were up 18.5% from one year ago. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s. “House price appreciation reached its highest historical level in the quarterly series…Compared to a year ago, annual gains have increased in every state…
Where is America’s “Center of Population?” Well, according to data from the 2020 Census, the current center of the population is near Hartville, Missouri. The town of about 600 people, in Central Missouri will have the honor for the next 10 years at which time a new census will be conducted. Currently there are 331.4 million people in the United States, around 600 of whom reside in Hartville. An event in the spring of 2022 will recognize Hartville as the center of population and will include an on-site unveiling of a commemorative survey monument. The nation’s center of population represents…
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in November, 2021 was up 12.1% and the median two-bedroom rent was up 13.2%, since the beginning of the year. Be sure to check out their list of the top 100 metro areas. Click here to read the full report at Zumper.
The National Association of Realtors is reporting that pending home sales were up 7.5% in October, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) rose to 125.2. The NAR says the market is expected to remain robust with home prices rising at a gentler pace over the next several months. Indeed… “The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape up to be the best performance in 15 years.” Said Lawrence Yun, the NAR’s chief economist. Click here to read the full report at…
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talked with the Mad Scientist of Multifamily, Neal Bawa about some incredibly powerful information on disruptive forces and trends that will be dramatically altering the course of real estate investing for the next ten years. Brian says Neal takes data science, statistics, and technological advancements and in an amazing and exciting way forecasts trends that very few investors are paying attention to. In addition, they discussed Tokenization and Smart Contracts, and how these will allow investors to buy & sell real estate much like…
According to Apartment List’s latest Migration Report, renters who are looking to move are not only dealing with an affordability crunch, but also navigating a tight market with historically low vacancy rates. They also say that at the same time, migration patterns are being impacted by one of the most significant societal shifts brought about by the pandemic – remote work. Their data show that in Q3 2021, 40% of Apartment List users were searching to move to a new metropolitan area, and 26% were searching in a different state altogether. Indeed… “2021 is poised to be a historic year…
The U.S. Government is reporting that sales of new single-family houses in October, 2021 were at a seasonally adjusted annual rate of 745k, which is 0.4% higher than September’s revised rate but is 23.1% lower than one year ago. The median sales price of new houses sold in October was $407,700 with an average sales price of $477,800. There were an estimated 389k new houses for sale at the end of October representing a 6.3-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
We certainly hope you and yours had a wonderful Thanksgiving this year. And, if you’re like many Americans you may have not only eaten more than your fill, you might also have oodles of leftovers that will be calling your name in the days and weeks to come. Today’s infographic from craftminute.com reminds us to not “spoil Thanksgiving” and properly put away those leftovers so there will be plenty to eat and/or snack on in the days and months ahead (yes, it even suggests how long they will last when properly stored). Stay safe and have a Happy Friday!!! Hat…
