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Metro East REIA
Oct 26, 20231 min read
50 Best Places To Buy a Home for Under $250k
GOBankingRates rightly says that a home is one of the key elements for many Americans, providing a long-term solution to their housing...
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Metro East REIA
Oct 26, 20231 min read
Proceed with Caution
As I go to various states pursuing distressed property acquisitions, I am finding an uptick in the number of sellers that are willing to...
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Metro East REIA
Oct 26, 20231 min read
Mortgage Applications Plummet to Lowest Since 1995
Reuters is reporting that the Mortgage Bankers Association’s weekly index of mortgage application activity fell 6.9% in the week ending...
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Metro East REIA
Oct 22, 20231 min read
The Mortgage Rate Surge
We’ve had several posts about interest rates over the past few years. Today’s graphic from the Visual Capitalist reminds us that the...
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Metro East REIA
Oct 22, 20231 min read
Local Market Monitor’s National Economic Outlook for October ’23
Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their...
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Metro East REIA
Oct 18, 20231 min read
California Caps Security Deposits
As if it weren’t already hard enough to be a landlord in California; The LA Times is reporting that CA Governor Gavin Newsom recently...
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Metro East REIA
Oct 18, 20231 min read
Yardi Says Multifamily Remains Robust Despite Challenges
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,722 in September, 2023. Yardi says the...
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Metro East REIA
Oct 18, 20231 min read
Tiny Homes Are Hot New Homeowners’ Accessory
The Wall Street Journal (reposted on Realtor.com) says the latest amenity for homeowners is another, smaller home – aka an accessory...
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Metro East REIA
Oct 18, 20231 min read
Real Estate Trade Groups Call on the Fed to Say No to Rate Hikes
The Scotsman Guide is reporting that three real estate industry groups have banded together to bring attention to the Federal Reserve...
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Metro East REIA
Oct 18, 20231 min read
Inflation Running at 3.7% Year Over Year
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in September,...
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Metro East REIA
Oct 14, 20231 min read
Construction Employment Rises By 11k in September But Firms Struggle To Fill Openings
Recent analysis from the Associated General Contractors said the construction industry added 11k jobs in September as unemployment rates...
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Metro East REIA
Oct 14, 20231 min read
CoreLogic Says Home Price Growth Picks Up Pace in August
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide increased year over year for the 139th...
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Metro East REIA
Oct 14, 20231 min read
Using A Key Word Helps You Get the Right Tenant
When Summer hits, I look forward to slipping on my waders, stepping into a river, and casting my fly rod in search of that trophy fish. ...
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Metro East REIA
Oct 14, 20231 min read
Redfin Breaks Ties with the Realtors
In a recent media release, Redfin says they are taking steps to “end our support of the National Association of Realtors.” The cite as...
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Metro East REIA
Oct 10, 20231 min read
Top 10 Most Affordable Retirement Towns
Realtor.com says retirement is a time for relaxation, for revitalization, for being around friends & loved ones, and for filling your...
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Metro East REIA
Oct 10, 20231 min read
U.S. Construction Spending Up 0.5% in August
The U.S. government is reporting that total construction spending in August, 2023 was at a seasonally adjusted annual rate of $1,983.5...
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Metro East REIA
Oct 10, 20231 min read
U.S. Employment Situation – September 2023
According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 336k, in September...
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Metro East REIA
Oct 10, 20231 min read
How Much Income Do you Need to be in the Top 1% in each State
The Visual Capitalist says there’s an old saying: everyone thinks that they’re middle-class. However, they say that many of them are...
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Metro East REIA
Oct 5, 20231 min read
Apartment List’s National Rent Report October ’23
Apartment List says their national median rent fell 0.5% to $1,364 – marking the 2nd straight month of negative rent growth. However...
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Metro East REIA
Oct 5, 20231 min read
Top Cities Where Renting Makes More Sense Than Buying
We’ve seen a number of these rent vs. buy stories over the years. Realtor.com says that making the leap to buying has gotten a lot...
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