According to Yardi’s U.S. Multifamily Outlook for Winter 2025, the multifamily market enters 2025 in good shape, after several years of strong demand in most markets and expectations that interest rates are likely to decline. They say the economy continues to grow, the employment picture remains solid despite some cooling, and consumers are spending in line with high confidence levels. Their new report offers an outlook for the year ahead. The market faces questions, however, including the impact of potential economic policy changes, how long it will take to absorb deliveries in high-growth Sun Belt markets, and whether interest rates…
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
The NAR recently announced their 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. In addition, they say these markets were identified as the top performers for 2025 due to their strengths across several indicators as well as outperforming the national average in at least six of NAR’s 10 criteria. Key points: The South leads with four of the 10 housing hot spots, followed by the Midwest with three. The NAR predicts that mortgage rates will stabilize near 6% in 2025. The NAR projects 4.5 million existing…
According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to experience slower growth, registering a 1.7% increase in October, down from the 2.3% from on year ago and the lowest rate since June 2020. In addition, CoreLogic says October’s growth rate was -1.5%, which was below the average -0.5% for October from 2004 through 2019 – marking the 3rd consecutive month of below-trend seasonal growth, a clear sign that rent growth is decelerating “Single-family rents posted below-trend growth in October, both in annual and monthly rate increases. While national growth was below-trend, some markets,…
The U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product increased in 46 states and DC in Q3 2024, with the percent change ranging from 6.9% at an annual rate in Arkansas to –2.3% in North Dakota. In addition, personal income increased in 49 states and DC, with the percent change ranging from 6.9% at an annual rate in Arkansas to -0.7% in North Dakota. Click here to read the full report at the U.S. Bureau of Economic Analysis.
The U.S. Government is reporting that sales of new single-family houses in November, 2024 were at a seasonally adjusted annual rate of 664k, which is 5.9% higher than October’s revised rate and is 8.7% higher than one year ago. The median sales price of new houses sold in November was $402,600 with an average sales price of $484,800. There were an estimated 490k new houses for sale at the end of November representing a 8.9-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
We saw this beginning a few years ago….In a recent report, CoreLogic says while investor activity in the housing market is often associated with deep-pocketed institutional buyers, data from Q3 2024 is painting a different picture. They say “Mom-and-Pop Investors” are quietly shaping the housing market. Indeed… “While institutional investors tend to dominate headlines, they account for only a small fraction of total investor activity. Most real estate investors are mom-and-pop landlords, who own three to 10 properties.” “Smaller-scale investors play a powerful but understated role in the market, buoying home prices even as overall demand has softened.” Click…
In case you haven’t notices, grocery prices have steadily rising over the past several thanks to inflation. In fact, today’s graphic from the Visual Capitalist says American households are paying an average of about $270 per week. And, if you’ve ever seen a commercial where they say prices may be higher in Alaska or Hawaii, they have extra shipping costs factored in…they both have average bills north of $300. As awlays, stay safe and have a Happy Friday!!! Hat tip to the Visual Capitalist.
Recent analysis from the Tax Foundation says that if the next Congress doesn’t act, taxes will rise for millions of Americans on January 1, 2026, as the individual provisions of the Tax Cuts and Jobs Act (TCJA) expire. In addition, the Tax Foundation says a permanent extension of the TCJA would boost GDP by 1.2% over the long run and support an additional 829k full-time equivalent jobs. Across all congressional districts, Tax Foundation estimates that the average tax hike per taxpayer would be $2,853 compared to a scenario where the entire TCJA is extended. Click here to read the full…
On a recent episode of the Rent Perfect podcast David Pickron says you may not even be aware of it, but the Chevron Deference doctrine has and will continue to affect you as an investor and landlord. He shares some insights into this important topic and how you need to be aware of your local government decisions and how they are affecting you. Indeed… Click here to listen.
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 for more information about Local Market Monitor.
