Author: Brad Beckett

With Summer finally upon us, now is a good time to get up to speed with those deadly whirlwinds that no one wants to see firsthand, tornadoes.  Today’s infographic from Weather.gov tells us about the types of tornadoes and how to identify them.  In addition, Home Depot recently put together a handy severe weather emergency checklist to not only be prepared but keep track of what you have onhand and and supplies you might need.  Remember, severe weather can strike at any time and with little to no warning.  And, as always, stay safe and have a Happy Friday!!! Hat…

FOXBusiness is reporting that the Biden administration has extended the CDC’s federal pause on evictions by one month through the end of July.  They are also reporting that the CDC said “This is intended to be the final extension of the moratorium.”  Indeed…..this story is developing…stay tuned. “The extension of the CDC Eviction Moratorium requires a response from the Judicial Branch.  No matter how much the country improves, vaccinations rates improve, unemployment rates drop, rental assistance spreads to those who need it, the agenda of some is to cancel rent, ban evictions by fiat and damage rental property owners…

On a recent episode of the Rent Perfect Podcast, David Pickron says as a landlord, having more eyes and ears looking out for your property can only help protect its value.  He discusses why knowing the neighbors of your rental properties can give you the upper hand in better managing and protecting your asset. Click here to listen on Spotify.com. Rent Perfect is the solution rental property owners & managers have been crying out for! Their Online Lease Agreement allows you to send your tenant(s) a customized lease agreement, electronically & securely. They offer the most accurate & thorough…

According to ATTOM Data’s Q1 U.S. Home Flipping Report, the nationwide flipping rate fell to its lowest level since 2000, with just 32,526 single-family homes and condominiums flipped, representing only 2.7% of all home sales.  In addition, their reported noted that as flipping dropped, both profits and profit margins declined as well.  However, they did a “deep dive” into the numbers and found those areas (by zip code) that nearly doubled in quarterly increases in home-flipping rates in Q1 2021. The top 10 zip codes were: 48239 – Redford, Michigan (up 99.9%) 48174 – Romulus, Michigan (up 99.7% 47201 -…

The National Association of Realtors is reporting that existing home sales were down 0.9% in May to a seasonally-adjusted annual rate of 5.80 million (up 44.6% from one year ago).  Total housing inventory at the end of May was 1.23 million units, down 20.6% from one year ago.  Unsold inventory sits at a 2.5-month supply at the current sales pace with properties remaining on the market for around 17 days. The median existing-home price for all housing types was $350,300, up 36.6% from May, 2020.  This was the largest year-over-year price increase that the NAR has ever recorded, going back…

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. National Economic Outlook By Ingo Winzer June, 2021 Measured by retail spending, the recession was over several months ago. Just the idea that vaccinations will end the pandemic was enough to end the cautious behavior of consumers. It’s almost certain that Gross Domestic Product for the second quarter will be back above pre-pandemic levels. And so many people wanted to buy a home at a time of short supply that home prices…

Where did homeownership rise and fall the most across the country during the pandemic?  That’s the question the number-crunchers at Realtor.com recently put pen to paper to find out.  They looked at the 75 largest metropolitan areas (including the main cities & surrounding towns, suburbs, and smaller urban areas) and compared Q4 2020 homeownership rates and Q1 2021 with the same quarters from a year earlier.  Realtor.com says there were a variety of reasons why some markets gained homeowners and others lost them in this turbulent period with all coming down to price and desirability. Cheaper alternatives to bigger cities…

According to recent economic data analyzed by the NAHB’s Eye on Housing, the prices paid for goods used in residential construction (excluding energy) rose 3.6% in May and have increased 16.5% over the past year, according to the Bureau of Labor Statistics’ latest Producer Price Index (PPI) report.  Interestingly, Eye on Housing points out that building materials prices (inputs to residential construction less food and energy) have only declined two times since December, 2019. Click here to read the full report at the NAHB’s Eye on Housing.

The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000, which is 3.6% higher than April’s revised number.  However, this figure is 50.3% higher than one year ago.  May’s rate for units in buildings with five units or more was 465k.  Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,681,000, which was 3% lower than April’s revised number.  Authorizations of units in buildings with five units or more were at a rate of 494k in May. Click here to read the…

The Visual Capitalist reminds us that we live in an increasingly volatile world, where change is the only constant.  Combine that with the fact that, whether we like it or not, we are living in a global economy that is affected by an increasingly amount of variables – most of which are out of our control.  To that end, today’s infographic illustrates the top 10 business risks that leaders must watch out for in 2021.  Stay safe and have a Happy Friday!!! “Businesses, too, face rapidly changing environments and associated risks that they need to adapt to—or risk falling behind.…