Earlier in the week we looked at some interesting mobility data from the Census Bureau. Now comes today’s infographic from Keeping Current Matters that looks at the top cities where Americans are making the move. They say whether capitalizing on job opportunities, affordability, or warm-weather places to retire, folks are moving to these top cities to take advantage of the strength in the current housing market. Indeed…..Happy Friday!! Hat tip to Keeping Current Matters.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 1.3% in Q4 2019. In addition, they report that prices were up 5.1% from 2018. 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. The FHFA’s HPIs are built on tens of millions of home sales and offer insights about home price fluctuations at the levels of the nation, census division, state,…
Wouldn’t it be nice to know how to find properties for sale that aren’t listed anywhere and there’s virtually no competition? On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, host Brian Hamrick talks with Tony Youngs, an expert at finding distressed properties, who tells listeners how to find hidden gems in your own backyard. Specifically, Brian & Tony do a deep dive into the conversations Tony has with sellers, how he approaches them, the phrases and tactics he uses, how he makes his offer, and whether the buyer or seller should be the first…
We have seen several posts about where people are moving here in America. If you look at that data through a political lens (it is an election year, after all) and see them as Red (Republican) and Blue (Democratic) states, an interesting picture emerges. A new report from Veros Real Estate Solutions took a look at home price appreciation across party lines in the largest 100 markets across the nation. Their analysis shows that the average appreciation in Blue States is forecast to be just 3.5%, while the average appreciation for Red States is projected to be over a percentage…
According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 3.8% annual gain in December. Their 10-City Composite annual increase came in at 2.4% and the 20-City Composite posted a 2.9% year-over-year gain. The S&P CoreLogic Case-Shiller Home Price Indices are one of the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. “The U.S. housing market continued its trend of stable growth in December,” says Craig J. Lazzara, Managing Director…
We love data about moving because it gives investors a nice snapshot of new and existing market conditions. The Mortgage Bankers Association recently broke down some of the recent mobility rate numbers published by the Census Bureau to examine why fewer Americans are moving. Moves for employment-related reasons have fluctuated over the last 20 years, but they have remained around seven million per annum. Moves for family-related reasons have fallen in the last five years from over 11 million in 2014 to fewer than nine million. However, the biggest declines are evident for housing-related reasons. These have fallen by approximately…
According to the latest Yardi Matrix, the average U.S. rent in January was $1,463 (down $1), marking the third consecutive month of declining rents. However, Yardi says the multifamily market continued its steady performance into the first quarter with year-over-year growth remaining steady at 3.0%. “…one potential headwind to keep in mind for 2020 is regulatory risk, as evidenced by statewide rent control (California, New York and Oregon), and increased local regulation on security deposits (Cincinnati) and resident acceptance criteria (Seattle)…” Click here to read the full report at Yardi.com.
The National Association of Realtors is reporting that existing home sales were down 1.3% in January which the Realtors say continues a fluctuating pattern of monthly increases and declines. However, like last month, existing home sales were up 9.6% year-over-year. Total housing inventory at the end of January was 1.42 million units, up 2.2% from December and down 10.7% from one year ago. Total unsold inventory was at a 3.1-month supply (the lowest since 1999) at the current sales pace with properties remaining on the market for around 43 days. The median existing-home price for all housing types was $266,300,…
The U.S. government is reporting that privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,567,000. This is figure 3.6% below than December’s revised rate but is 21.4% higher than one year ago. Single‐family housing starts in January were at a rate of 1,010,000, which is 5.9% below December’s revised figure. January’s rate for units in buildings with five units or more was 547k. Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,551,000. This figure is 9.2% above December’s revised rate and is 17.9% higher than January,…
According to recent data from the National Center for Health Statistics (illustrated here by Statista), here in the U.S. death rates are down and, for the first time since 02014, life expectancy is up! So, get out there and live life to its fullest! Happy Friday! Hat tip to Statista.
