Author: Brad Beckett

Rental information site Zumper recently released their National Rent Report for October showing that the median national rent for 1-bedroom apartment was $1,211 and the median two-bedroom rent was $1,443.  Year over year, both one and two bedroom prices are up 1.6% and 3%, respectively.  Zumper analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population, providing a comprehensive view of the current state of the market. The report is based on all data available in the…

The U.S. government is reporting that total construction spending in August was estimated at $1,315.5 billion, which is 0.1% higher than July’s revised estimate and 6.5% higher than August, 2017.  Residential construction was at a seasonally adjusted annual rate of $548.9 billion in August, 0.7% below July’s revised estimate. Click here to read the full release on Census.gov.

Here is another post that will make you look twice;  A new report from the Urban Institute says that manufactured homes appreciate as well as site-built homes.  They cite data from the Federal Housing Finance Agency (FHFA) MH Index showing that manufactured housing is 35-47% cheaper per square foot than site-built housing and that prices of the MH purchased by their GSEs perform similarly to those of site-built properties. “The FHFA’s new MH index, still in the experimental stage, indicates that the prices of the MH purchased by the GSEs perform similarly to those of site-built properties…the index suggests a…

The National Association of Realtors is reporting that overall pending home sales declined 1.8% in August and have now fallen on an annual basis for eight consecutive months.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) declined to 104.2 in August as well as reporting that contract signings are down 2.3% year-over-year.  The Realtors say once again that low inventory continues to contribute to the housing market’s slowdown.  However, take note of the regional differences in the chart below “Pending home sales continued a slow drip downward, with the fourth month over month decline in…

Are you looking for current & important data about a particular area?  If so, the Census Bureau’s American Community Survey is the premier source for information about America’s changing population, housing and workforce.  They recently put together this interactive graphic where you can find your state, drill down to a major city and let the data flow in…Happy Friday!! Click here to see the full interactive wheel.

Last year we posted about a former cold-war missile silo that had been listed on Airbnb…now we’ve come across a story about how bomb shelters (albeit modern ones) are possibly making a comeback.  A recent story on tech site CNET visits a California company called Atlas that makes specially designed shelters that consumers can buy and install – in this case the Bombnado.  Prices start at $19k for the basic bunker that is about 8-by-8 ft., with a bed, toilet and an air filter.  You have to admit, these are pretty cool.  The company kitchen bunkers, garage bunkers, fallout shelters,…

In a recent RPOA podcast, Brian Hamrick takes a hard look at renting to tenants who have been recently incarcerated.  This is an important subject to address – especially in today’s tight housing market where landlords can be much more selective in who they rent their properties to.  Because of this situation, there are certain groups of tenants that are finding it more and more difficult to find affordable housing.  The episode features a round-table discussion, where they gathered several guests (from various groups and organizations) to share their perspectives on this controversial issue. Click here to listen on the RPOA’s…

The U.S. government is reporting that sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629k.  This figure is 3.5% higher than July’s revised rate and 12.7% higher than one year ago.  The median sales price of new houses sold in August 2018 was $320,200 and the average sale price was $388,400.  There were an estimated 318k homes for sale at the end of August representing a 6.1 month supply. Click here to read the full release on Census.gov.

For many readers, this is already a common problem and unfortunately it’s caused many to simply ignore unfamiliar numbers.  Technology site is CNET is reporting about a recent study that predicts nearly half of mobile phone calls in 2019 will be scams. The report, from First Orion, says that the percentage of scam calls in US mobile traffic increased from 3.7% in 2017  to 29.2%  this year and they predict it will rise to 44.6% in 2019.  The data was revealed in First Orion’s inaugural 2018 Scam Call Trends and Projections Report.  Stay tuned….this isn’t going to be pretty and…

According to the latest S&P CoreLogic Case-Shiller Indices, home prices showed a 6% annual gain in July, down from 6.2% in June. Their 10-City Composite annual increase came in at 5.5% and their 20-City Composite posted a 5.9% year-over-year gain, down from 6.4% in the previous month.  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. “Rising homes prices are beginning to catch up with housing,” says David M. Blitzer, Managing Director…