A few weeks ago we posted about which states might be gaining or losing seats in Congress as a result of the upcoming Census. Today’s infographic from the U.S. Census Bureau gives a snapshot the 2020 Census and the process involved with counting our citizens. The U.S. Constitution requires the federal government to conduct a census of America’s population every 10 years. Happy Friday!!! [Source: U.S. Census Bureau] Hat tip to the U.S. Census Bureau.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
How long does the average homeowner stay in their home? According to data from the American Community Survey (crunched by the NAR’s Economist Outlook blog) it’s about 13 years. In addition, they say that compared to prior years, homeowners have been spending more spend more time holding onto their homes with the median tenure increasing by 3 years since 2008. To get their findings, they looked at median years of residence for owner-occupied homes located in the 100 largest U.S. metro areas. Be sure to click on the interactive map below to drill down a little further. Also, they do…
Consumer finance education site LendEDU took a look at hundreds of America’s cities to find & rank those which are best positioned for economic advancement over the new decade. Their report analyzed a several factors including recent income growth, population changes, and educational attainment levels. Interestingly, several of the cities are in California which has been experiencing population loss for a variety of reasons. Indeed… “The 2020s will inevitably bring drastic changes that will impact the lives of millions of Americans; this list estimates which places in the U.S. will experience the most profound economic changes, whether for better or…
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 3.5% annual gain in November. Their 10-City Composite annual increase came in at 2.0% and the 20-City Composite posted a 2.6% 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 was stable in November,” says Craig J. Lazzara, Managing Director and Global Head of…
The U.S. Government is reporting that sales of new single-family houses in December, 2019 were at a seasonally adjusted annual rate of 694k, down slightly from November but up 23% from one year ago. The median sales price of new houses sold in December was $331,400 and the average sales price was $384,500. The seasonally‐adjusted estimate of new houses for sale at the end of December was 327k, representing a 5.7 month supply at the current sales rate. An estimated 681k new homes were sold in 2019, which is 10.3% higher than 2018. Click here to read the full report…
Local Market Monitor, a National REIA preferred vendor, recently released their National Economic Outlook for January, 2020 where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook – January 2020 By Ingo Winzer Retail sales for 2019 were up 3.6 percent from 2018. With inflation running around 2 percent, that means a real increase of 1.6 percent or so. Car sales were good and on-line sales were terrific (up 13 percent) but when you subtract out inflation, every other sector did poorly – furniture stores, food stores, hardware and lumber stores, drug stores, electronics, sporting…
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose .2% in November as well as being up 4.9% from November 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, metro area, county, ZIP…
Is it better to buy or rent? That’s an age-old question that really depends on a lot of variables – especially an individual’s station in life. In their recent 2020 Rental Affordability Report, ATTOM Data crunched the numbers to show that owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in 455 (53%) of 855 U.S. counties analyzed for their report. Specifically, they looked at recently released fair market rent data for 2020 from HUD, wage data from the Bureau of Labor Statistics along with public record sales deed data from ATTOM Data Solutions in 855…
Saturday, January 25th, 2020 is Chinese New Year – the year of the rat and a year of new beginnings! The contributions of Chinese-Americans to the rich fabric of this country have been incredible. If you’re fortunate enough to live in an area of the country with a sizeable population of ethnic Chinese, be sure to find & join in the celebrations….And of course, Happy Friday….and Happy Chinese New Year! Hat tip to the chinesezodiac.org.
The National Association of Realtors is reporting that existing home sales were up 3.6% in December, increasing to a seasonally-adjusted annual rate of 5.54 million. In addition they report that overall sales were up 10.8% from one year ago. The median existing-home price for all housing types was $274,500, up 7.8% from December, 2018. November’s price increase marks 94 straight months of year-over-year gains. Total housing inventory at the end of December was 1.40 million units, down 14.6% from November and 8.5% from one year ago. Total unsold inventory was at a 3.0-month supply at the current sales pace with…
