Author: Brad Beckett

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has reported a 2.3% annual increase for May, 2025.  Their 10-City Composite and their 20-City Composite both increased 0.4%, year-over-year.  Yardi says the trends are experiencing broad-based fatigue: “Monthly trends also signaled broad-based fatigue. All three headline indices rose just 0.4% on a non-seasonally adjusted basis, the slowest monthly gain since January. After seasonal adjustment, each declined 0.3%, marking the third consecutive month of seasonally adjusted declines for the National Composite…”  Said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. …

CNBC’s Diana Olick says it’s getting harder to sell a home, as rising supply, high mortgage rates and waning consumer confidence conspire to keep potential buyers on the sidelines. She says some frustrated sellers are deciding to de-list their properties and instead offer them on the rental market – which is putting them in direct competition with institutional investors in the markets where they’re most prevalent.  Click on the image below to watch: Click here to read the full story at CNBC.

According to their “advance” estimate, the U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 3% in Q2 2024. Click here to read the full report at the U.S. Bureau of Economic Analysis.

The National Association of Realtors is reporting that pending home sales dropped 0.8% in June, 2025 and down 2.8% year over year.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 72 in June.  The NAR’s explanation offers a mixed bag of variables: “The data shows a continuation of small declines in contract signings despite inventory in the market increasing. Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.”  Said the NAR’s Chief Economist Lawrence Yun. Click here to read…

The U.S. government is reporting that the national vacancy rates for Q2 2025 were 7% for rental housing and 1.1% for homeowner housing.  The national homeownership rate for Q2 2025 was 65%.  In addition, approximately 89.6% of the housing units in the United States in Q2 were occupied and 10.4% were vacant. Owner-occupied housing units made up 58.2% of total housing units, while renter-occupied units made up 31.3% of the inventory.  Vacant year-round units comprised 8.1% of total housing units, while 2.3% were vacant for seasonal use. Click here to read the full release at the U.S. Census Bureau.

In a post earlier this week, we learned that foreclosure activity was up slightly during the first half of 2025.  Today’s graphic from ATTOM illustrates that foreclosure activity by state as well identifying the top 10 states.  Stay safe and have a Happy Friday!!! Hat tip to ATTOM.

According to recent Census data analyzed by the NAHB’s Eye on Housing, in 2024 completed multifamily units recorded their highest level since 1986 coming in at 608k units.  In addition, the report says that for the 8th consecutive year, most multifamily units were in buildings with 50 or more units.  And, among those units completed in 2024, 95% were built-for-rent at a level of 580k. Cick here to read the full story at the NAHB’s Eye on Housing

According to the latest Cotality (formerly CoreLogic) Single-Family Rent Index (SFRI), U.S. single-family home rental prices increased 3.1% year over year in May, 2025.  Single-family rent prices in May were up 1.1% from April.  In addition, breaking it down, rent for detached units grew by 2.6%, and attached rental rates rose 2.8%. Annual single-family rent growth accelerated in May for the fourth consecutive month, signaling sustained momentum in the rental market….Monthly gains in the single-family rent index have consistently outpaced seasonal norms this year, suggesting that annual rent growth for 2025 is on track to exceed 3%.”  said Molly Boesel,…

On a recent episode of the Rent Perfect podcast David Pickron is joined by a very special guest—his father, Bill.  With over 80 years of life experience and decades of investing under his belt, Bill shares timeless wisdom on what it’s like investing in real estate across generations.  Together, David and his dad reflect on the ups and downs of father-son investing partnerships;  Why Bill is still buying rental properties at 80;  The lessons learned from land development vs. long-term rentals;  How Rent Perfect has changed the game for property management; And the story of how evictions led to building…

Zillow says saying yes to Fido or Mittens can help landlords lease faster.  They say recent data show that rental listings on their site allowing pets are typically leased eight days faster than those that don’t.  In addition they say 58% of renters have pets, up from 46% in 2019.  Interestingly, Zillow says almost half say they passed on a particular property because it was not pet-friendly. “…In a market where renters have more options, allowing pets can make the difference in finding a tenant quickly.”  Said Emily McDonald, Zillow rental trends expert. Click here to read the full report…