Last week we were talking lights…..Now let’s discuss trees. Have you put yours up yet? Well, this week’s infographic from the Home Depot asks; “What’s your Christmas Tree personality?” – starting off by asking what’s your favorite pizza and going from there. Okay…… Stay safe and have a Happy Friday!!!! Hat tip to the Home Depot.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Redfin says a record 2% of all U.S. homes for sale were delisted each week on average during the 12 weeks ending November 20, compared with 1.6% a year earlier. Cities they identified as “pandemic boomtowns” such as Sacramento, Austin and Phoenix saw the biggest jump in delistings with prohibitively high housing costs dampening buyer demand. Redfin defines a delisting as a listing that went from active to off market without being sold. To get their analysis they looked at 43 of the 50 most populous U.S. metro areas. Indeed… Sellers are taking their homes off the market because they’re…
You never know what you’ll find in an old house that you’ve just purchased however a dead body in the basement usually isn’t on the list. Recently, the buyer of a property at a Cuyahoga County (Cleveland, Ohio) Sheriff’s sale discovered the decomposing body of its former 71-year-old owner in the home’s basement. According to FOX News, there were “no signs of trauma” on the body, but it is under investigation. Interestingly, they pointed out that it wasn’t clear why no one discovered the body prior to purchase. Indeed… “The person who found Ms. Fielden’s body told detectives that he…
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 12.4% from Q3 of 2021 to the Q3 of 2022. In addition, prices were up 0.1% compared to the second quarter of 2022. FHFA’s seasonally adjusted monthly index for September was up 0.1% from August. “House prices were flat for the third quarter but continued to remain above levels from a year ago. The rate of U.S. house price growth has substantially decelerated. This deceleration is widespread with about one-third of all states and metropolitan statistical areas registering annual growth below 10 percent.” …
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Clay Powell, who will soon be retiring from Michigan’s Rental Property Owners Association after nearly 25 years of service. Clay looks back on the challenges and triumphs he’s experienced throughout his career with the RPOA. He also describes the importance of how local associations in help investors work through local regulations and politics, while educating members on all types of issues and strategies. “For almost 25 years, Clay Powell has provided a steady guiding hand as Director of the Rental Property Owners…
The U.S. government is reporting that total construction spending in October, 2022 was at a seasonally adjusted annual rate of $1,794.9 billion, which is 0.3% lower than September’s revised estimate but is 9.2% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $887.2 billion in October, which is 0.3% below September’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 10.6% annual gain for September, 2022. Their 10-City Composite annual increase came in at 9.7% and their 20-City Composite posted a 10.4% year-over-year gain. The increases in both measures were down from previous months….expect this trend to continue. “As has been the case for the past several months, our September 2022 report reflects short-term declines and medium-term deceleration in housing prices across the U.S.” Said Craig J. Lazzara, Managing Director at S&P DJI. Click here to read the full report at S&P Dow Jones Indices.
The National Association of Realtors is reporting that pending home sales were down 4.6% in October, 2022 – the fifth consecutive month of declines. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 77.1. “October was a difficult month for home buyers as they faced 20-year-high mortgage rates…The West region, in particular, suffered from the combination of high interest rates and expensive home prices. Only the Midwest squeaked out a gain.” Said the NAR’s Chief Economist, Lawrence Yun. Click here to read the full report at the National Association of Realtors.
Well, it is now December and Christmas will be here before you know it! Our friends at The Home Depot put together this handy Christmas lights reference chart so you can have the brightest house on the block! Happy Friday!!!! Hat tip to the Home Depot.
Last week, we posted about how Airbnb rolled out new software to screen & prevent parties. Now, CNBC’s Diana Olick says Airbnb has a new program that allows tenants to host their apartments on the Airbnb platform. In fact, according to the Wall Street Journal, some of the biggest landlords and property managers in the country have partnered with them as well. This ought to get interesting… Click here to watch on CNBC. Click here to read more at the Wall Street Journal (subscription required).
