The National Association of Realtors recently released their 2018 Veterans & Active Military Home Buyers Profile, which evaluated the differences between recent active-service and veteran home buyers & sellers to those who have never served. Among their findings, out of all home buyers, 2% are active-duty military, 17% are veterans, and the remaining 81% are non-military. Happy Friday!!! Hat tip/salute to the NAR.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Black Knight is reporting that mortgage delinquencies have fallen to their second lowest point in 12 years. According to their “first look” report for April, delinquencies declined 1.6%, which they say ended a 7-month trend of annual increases. In addition, foreclosure starts declined 5.4% overall with the number of mortgages in active foreclosure at their lowest point since August 2006. Click here to read the full report at Black Knight.
According to the latest S&P CoreLogic Case-Shiller Indices, home prices are showing no signs of slowing down as prices continued to rise across the country over the last 12 months. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.5% annual gain in March. Their 10-City Composite annual increase came in at 6.5% and the ir 20-City Composite posted a 6.8% year-over-year increase. 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…
Last year we posted about property owners in Miami Beach, FL facing huge fines resulting from tenants illegally listing their units on short-term rental site Airbnb. Fast forward to now and CNBC is revisiting the issue with an exclusive investigative report about the clash between short-term rentals and Miami Beach. They rode along with late-night code enforcers (who’ve issue pretty hefty fines, as we’ve seen) and interviewed stunned guests & defensive property owners as well as some local officials who say they’re worried about the commercialization of their residential communities. While there is understandable tension resulting from the growing pains…
According to new data from Corelogic, home flipping recently reached a post-crash high that is coupled with rising acquisition costs along with higher home prices. They report that, nationally, the ratio of flipped properties to sales reached 6.2% in Q1 2018, matching the post-crash high in Q1 2013. However, they point out that share of distressed properties has declined significantly. “…flipping dynamics have changed over time. The share of distressed properties sold has declined significantly, from 30 percent in January 2013 to 4.4 percent at the end of 2017. Additionally, as a result of six years of home price appreciation…
In a recent episode of Real Estate News for Investors, Kathy Fettke discusses the recent Dodd-Frank reform measure that passed Congress and was signed into law by President Trump on May 24th. The reform legislation dismantles parts of the original Dodd-Frank Wall Street Reform and Consumer Protect Act that was signed into law in 2010. It was meant to prevent another financial collapse like the one in 2008, but many people feel it went too far, especially for smaller banks and credit unions that were subjected to the same strict rules as their larger Wall Street counterparts. And it’s the…
According to the latest Zillow Market Report, the median U.S. home value rose 8.7% to $215,600, representing the fastest year-over-year increase since June, 2006. Zillow says this gain is part of a general upward trend that started in early 2015 when values were climbing at less than 5% year-over-year. In addition to rising values, Zillow says the median U.S. rent grew by 2.5% (year-over-year) to $1,449 a month and has been growing by more than 2% since September 2017. Be sure to click on the interactive map below for more detail. Click here to read the full report on Zillow.com.
The U.S. government is reporting that sales of new single-family houses in April, 2018 were at a seasonally adjusted annual rate of 662k, which is 1.5% below March’s revised number. However, April’s rate was 11.6% higher than April 2017. The median sales price of new houses sold in April 2018 was $312,400 and the average sales price was $407,300. There was an estimated 300k new houses for sale at the end of April representing a 5.4 months at the current sales rate. Click here to read the full release on Census.gov.
Monday, May 28th is Memorial Day. To many, the three-day weekend will mark the unofficial start of summer with swimming pools all across the fruited plain opening to excited children. However, the solemn significance of the day is often forgotten. It is a national day of remembrance for those men & women who, while wearing the uniform of this great country, paid the ultimate sacrifice defending freedom & liberty around the globe. Today’s infographic reminds us that Memorial Day is about more than just cookouts and 3-day weekends, it’s about a path paved by others to enjoy the freedoms we…
We have had several posts on REI2Day about important legal issues brought to the public’s attention by the Pacific Legal Foundation – including warrantless searches of apartments, 4th amendment rights and property takings. In a recent opinion article on FoxNews.com, Ethan Blevins, an attorney with PLF, says that a “smug” city of Seattle is telling mom & pop landlords that criminals are welcome but your rights not so much. In essence, Seattle recently passed an ordinance called the The Fair Chance Housing Ordinance that forbids landlords from checking criminal backgrounds or considering prior criminal convictions when selecting tenants. In other…
