Today’s infographic from the Visual Capitalist reminds us that Airbnb has a market cap close to $90 billion, making them one of the largest businesses in travel & tourism. They point out that nights & experiences booked by customers have shot up from 72 million in 2015 to 326 million in 2019 – with the gross dollar value of those bookings surging from $8.1 billion to $38 billion….Indeed. Stay safe and have a Happy Friday! Hat tip to the Visual Capitalist.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Among the many executive orders signed by President Joe Biden on his first day in office was one ordering the CDC to extend their eviction moratorium though March 31, 2021. The following statement was issued by the new CDC Director, Dr. Rochelle P. Walensky on the matter: Media Statement from CDC Director Rochelle P. Walensky, MD, MPH, on Extending the Eviction Moratorium As a protective public health measure, I will extend the current order temporarily halting residential evictions until at least March 31, 2021. The COVID-19 pandemic has presented a historic threat to our nation’s health. It has also triggered…
We have had several posts about the self storage industry and its growing impact on real estate investing. A recent report from STORAGECafé takes a look at how much self storage units actually cost across America. They say the industry continues to expand by meeting the need for safe & affordable storage space. In fact, they point out that while there is currently about 1.4 billion square feet of self storage space in the U.S., 13%, of that (roughly 190 million sq. ft.) was built over the last five years. “The demand for storage has increased substantially in recent times,…
Last week we posted United Van Lines’ annual moving report and this week we’re taking a look at Atlas Van Lines’ 2020 Migration Patterns Study. According to the report, 23 states registered as balanced (in/out moves were roughly equal) 12 were outbound, and 15 were inbound. In addition, their data showed a decrease in moves from 2019 to 2020. “Millions of Americans relocated in 2020 because of COVID-19, moving out of college dorms that abruptly closed, moving back to home states to work remotely, moving out of housing that no longer suited their lifestyle and more. Alternatively, companies relocated employees…
The Federal Housing Finance Agency (FHFA) announced they are extending their moratorium on foreclosures and evictions from single-family foreclosures and real estate owned (REO) through February 28, 2021. The foreclosure moratorium applies to Enterprise-backed (Fannie Mae & Freddie mac), single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratorium was set to expire at the end of January. “To keep our communities safe, and families in their homes during the COVID-19 pandemic, FHFA is extending Fannie Mae and Freddie Mac’s foreclosure and eviction…
According to CoreLogic’s latest Loan Performance Insights Report, serious delinquencies (defined as 90 days or more past due, including loans in foreclosure) was 4.1% in October. However, that figure was more than three times greater than October 2019, but still down slightly from the previous two months. The overall delinquency rate was 6.1% in October, with all states logging annual increases in both overall and serious delinquency rates in October. “During early autumn, the improving economy enabled more families to remain current on their home loan. In September and October, 0.8% of current borrowers transitioned into 30-day delinquency. This is…
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 January, 2021 The latest job figures and health bulletins give us a bit more insight into the dynamics of the pandemic. The slow improvement of the job situation has come to a halt as covid infections and deaths are reaching new highs. The fact that many people have given up on public health measures to control the virus – even as vaccines are actually here -…
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.4% in December. Over the last 12 months, the all items index increased 1.4% before seasonal adjustment. Click here to read the full release at the Bureau of Labor Statistics.
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were down 0.8% year-over-year in December. Overall, rents declined by $4 to $1,462 – which they say is the largest one-month decline since the beginning of the pandemic. Indeed… “2020 will go down as the year COVID-19 changed everything. As the pandemic became rampant, many initially feared that rents would rapidly decline. But many metros have emerged from 2020 unscathed, and some have even enjoyed significant rent growth. Others have not been so lucky, especially expensive coastal markets.” Click here to read the full report at YardiMatrix.com.…
We love news…especially news about real estate investing. And, why not. This is the news site for National REIA and we want our members to be both successful and well-informed! With that in mind today’s infographic from Statista reveals just how Americans by generation consume the news. Stay safe and have a Happy Friday!!! “New survey data shows a vast majority of newer generations in the U.S. get much of their news strictly from smart devices like phones, computers and tablets, while older generations are still receiving news from more traditional media like televisions, radio and print.” Hat tip to…
