What companies are the top private employers in each U.S. state? Well, today’s infographic from Visual Capitalist suggests that we are a “Walmart Nation” thanks to the fact that they alone are the top employer in at least 21 states. Who comes in #2? The healthcare industry of course, followed by the education establishment. That’s certainly something interesting to ponder……Happy Friday! Hat tip to VisualCapitalist.com.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Rents for single-family rentals (SFRs) increased 3% year-over-year in May according to CoreLogic’s latest Single-Family Rent Index (SFRI) report. The index measures rent changes among single-family rentals using a repeat-rent analysis to measure the same rental properties over time. CoreLogic says rents have been climbing steadily since 2010 with annual increases over the past 12 months fluctuating between 2.9% and 3.2%. Key findings: Rents for lower-priced homes increased faster than those of higher-priced homes. Phoenix once again outpaces other metros for rent increases. Houston and Orlando had the largest deceleration in rent growth in May. Click here to read the…
According to their latest U.S. Home Sales Report, ATTOM Data Solutions says that U.S. single family homes and condos sold for a median price of $266k in Q2, which was up 10.8% from Q1 and up 6.4% from one year ago. This figure represents a new median home price peak. In addition, they report that homes sold during this period had been owned an average of 8.09 years, up 3% from the previous quarter and also reaching a new high. “As warmer weather brings a rush of house hunters to the market, the latest spike in median home prices marked…
The National Association of Realtors is reporting that pending home sales increased 2.8% in June, which the attribute to favorable market conditions and predicted this is likely the start of a positive trend for home sales. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increased to 108.3 in June, up 2.8% from May. In addition, they reported that year-over-year contract signings were up 1.6%, breaking a 17th straight month of annual decreases. “Job growth is doing well, the stock market is near an all-time high and home values are consistently increasing. When you combine that…
We’ve seen it before….there can be treasures or even crazy things hidden in the walls of your next flip. Now we’ve come across a story from Kansas City’s Fox4 about a homeowner having some rehab work down on her house. When the workers were doing some tuck-pointing on an exterior column, they discovered a trove containing hundreds of 70+ year-old beer cans, whiskey & bourbon bottles, and assorted spirits. Apparently a former resident from the 1940’s didn’t want anyone to know about their drinking habit so they created a secret chute to hide their evidence in a porch column. “It…
The U.S. government is reporting that national vacancy rates in Q2 2019 were 6.8% for rental housing and 1.3% for homeowner housing. The national homeownership rate came in at 64.1%. In addition, the report says that approximately 87.8% of the housing units in the U.S. were occupied and 12.2% were vacant. Owner-occupied housing units made up 56.3% of total housing units, while renter-occupied units made up 31.5 percent of the inventory in the second quarter 2019. Click here to read the release at Census.gov.
According to a recent special report form CoreLogic, home purchasing by investors has reached its highest level in nearly 20 years. Their report, Investor Home Buying, took a deep-dive into investor’s homebuying activity all across the nation. Among their findings was the fact that the increase in activity wasn’t from the big institutional buyers, but rather from smaller investors “mom-n-pops” who are just getting into the game – perhaps like many of you reading this post! They also suggest real estate investors are meeting the needs of the entry-level market. Indeed…. “…investors appear to be focusing in the starter-home tier,…
The U.S. Government is reporting that sales of new single-family houses in June, 2019 were at a seasonally adjusted annual rate of 646k, which is 7% higher than May’s revised rate and is 4.5% above June, 2018. The median sales price of new houses sold in June was $310,400 and the average sales price was $368,600. There was an estimated 338k new houses for sale at the end of June representing a 6.3 months supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
This weekend several states across the fruited-plain will be kicking off sales tax holidays for the back to school season. Whether you think this is good or bad public policy is irrelevant; the bottom-line is saving money! The folks over at the Tax Foundation recently put together this handy chart showing which states are holding sales tax holidays as well as any threshold limits. Be sure to check out their complete list of all the states and their exemption’s fine-print. Happy Friday!!! Hat tip to the Tax Foundation! Click here to see what the sales tax is in your state.…
In their mid-year Apartment Market report, RENTCafe is reporting that, across the nation, average rent prices reached $1,465, which is up 3.2% year-over-year. In addition, they point out that over the first half of 2019 the average national rent was up 2.6%. However, they do say that rent increases typically slow during the 2nd half of the year. Indeed… “A growing portion of the population sees the appeal of renting in today’s residential real estate climate. With renting remaining the preferred housing option, the first half of 2019 saw accelerated rates in apartment leasing activity, as well as an effective…
