Author: Brad Beckett

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices in October were up 1.1% from the previous month.  In addition, home prices were up 17.4% 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 levels continue to rise but the rapid pace is curtailing through October,” said Will Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research…

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.1% annual gain for October, 2021, which they say is a record high.  Their 10-City Composite annual increase came in at 17.1% and their 20-City Composite posted a 18.4% year-over-year gain. “We have previously suggested that the strength in the U.S. housing market is being driven in part by a change in locational preferences as households react to the COVID pandemic. More data will be required to understand whether this demand surge represents an acceleration of purchases that would have occurred over the next several years, or reflects…

On a recent episode of the AZREI Show, Marcus Maloney & Michael Del Prete talk with guest Michael Bennett about how he got started, house hacking and how Atlas Real Estate is furthering his investment career.  Whether you are an experienced investor with a large portfolio, or just getting started and looking to secure income and wealth through real estate investing the AZREIA Show is here for you. Click here to listen on AZREIA.org.

Zumper’s 2021 Annual Rent Report takes a deep-dive into what residents experienced over the past year and provides a complete picture of where rent is rising the most and what renters are thinking as they navigate the rental market.  Indeed… “…Residents in big cities who benefited from falling rent in 2020 had a rude awakening this year when rent snapped back to where it was prior to the beginning of the pandemic…There are very few parts of the country where rent isn’t significantly higher than what it was heading into 2021.” Key Themes & Findings: Virtual apartment tours are here…

According to the latest U.S. Home Flipping Report from ATTOM, 94,766 single-family houses and condominiums were flipped in Q3, 2021.  While that figure represents 5.7% of all home sales in Q3, ATTOM points out that profit margins declined as prices on flipped homes continued to rise more slowly than they did when investors originally bought their properties. “Home flipping produced another round of competing trends in the third quarter of this year as more investors got in on the action but got less out of it,” said Todd Teta, chief product officer at ATTOM. Click here to read the full…

The U.S. Government is reporting that sales of new single-family houses in November, 2021 were at a seasonally adjusted annual rate of 744k, which is 12.4% higher than October’s revised rate but is 14% lower than one year ago.  The median sales price of new houses sold in November was $416,900 with an average sales price of $481,700.  There were an estimated 402k new houses for sale at the end of November representing a 6.5-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.

In some metros. practically the only land available for development are infills.  Recently, the NAHB’s Eye on Housing took a look at the latest Annual Builder Practices Survey (ABPS) from Home Innovation labs and discovered that one in four new single-family detached homes were built in established neighborhoods in 2020.  Interestingly, their data show that teardowns & infills accounted for almost half of the new-home market in New England while their prevalence in the Midwest was under just 20%. Click here to read the full report at the NAHB’s Eye on Housing.

The National Association of Realtors is reporting that existing home sales were up 1.9% in November to a seasonally-adjusted annual rate of 6.46 million (down 2% from one year ago).  However, this figure does denote three consecutive months of increases.  Total housing inventory at the end of November was 1.11 million units, down 13.3% from one year ago.  Unsold inventory sits at a 2.1-month supply at the current sales pace with properties remaining on the market for around 18 days.  As always, low inventory remains an issue. “Supply-chain disruptions for building new homes and labor shortages have hindered bringing more…

We posted last summer about how Americans own over $1.7 trillion in student loans.  Today’s infographic from the National Association of Realtors illustrates the impact of student loan debt of life’s decisions. Interestingly they point out that of those with student loans, 46% delayed moving out of a family member’s home after college and 51% have delayed purchasing a home.  As always, stay safe and have a Happy Friday! Hat tip to the NAR.

Realtor.com (who else?) reminds us that in 2021 Chip and Joanna Gaines, Tarek El Moussa, Christina Haack, and the rest of reality TV royalty were busier than ever this year on screen flipping houses, unveiling new decor trends, rehabbing, loving or listing it, etc.  However, they also said that what these “stars” were up to behind the scenes was just as riveting.   Indeed….. Here’s the skinny…hold on tight: Tarek and Heather Rae El Moussa married—and finished renovating their home Chip and Joanna Gaines returned to TV Jasmine Roth sold her own house Christina Haack has moved on—romantically and in real…