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Metro East REIA
Jul 31, 20231 min read
Most Hospitable Airbnb Host in Every U.S. State
Airbnb says hospitality can be defined as the friendly and generous reception and entertainment of guests, visitors, or strangers as well...
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Metro East REIA
Jul 24, 20231 min read
Existing-Home Sales Drop 3.3% in June
The National Association of Realtors is reporting that existing home sales were down 3.3% in June to a seasonally-adjusted annual rate of...
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Metro East REIA
Jul 24, 20231 min read
Housing Starts Plummet in June
The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,434,000,...
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Metro East REIA
Jul 20, 20231 min read
Rhode Island Taxpayers Challenge Government’s Beachfront Land Grab
A group called the Rhode Island Association of Coastal Taxpayers (RIACT) filed a lawsuit in early July that challenges a law that takes...
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Metro East REIA
Jul 20, 20231 min read
Buying Foreclosures Directly from the Owner
There are some important things to consider today when making an offer to a homeowner in foreclosure. If and when their home goes up for...
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Metro East REIA
Jul 16, 20231 min read
U.S. Home Price Growth Over 50 Years
A recent chart from the Visual Capitalist illustrates how U.S. home prices have grown over the past 50 years. In fact, they point out...
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Metro East REIA
Jul 13, 20231 min read
From Being an Electrician to Buying Hoarder Houses, Pre-Foreclosures and 1031 Exchanges
On a recent episode of Omaha REIA’s “REIA Radio, they were joined by Clint Blackburn, who is known by most of his hometown as The Real...
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Metro East REIA
Jul 13, 20231 min read
New Florida Law Preempts Local Governments from Landlord Rules
A recently approved measure in Florida preempts local governments from landlord-tenant law, in essence making landlords & renters play by...
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Metro East REIA
Jul 7, 20231 min read
Risk vs. Reward
Many investors get into real estate because they like to know that there is something physical and tangible that they are buying. It is...
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Metro East REIA
Jul 7, 20231 min read
New Home Sales Jump 12.2% in May
The U.S. Government is reporting that sales of new single-family houses in May, 2023 were at a seasonally adjusted annual rate of 763k,...
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Metro East REIA
Jul 7, 20231 min read
FHFA Says Home Prices Up 0.7% in April 0
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices rose 0.7% in April. In addition,...
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Metro East REIA
Jul 7, 20231 min read
S&P CoreLogic Case-Shiller Index Down Slightly
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 0.2% annual decrease for April, 2023. Their 10-City...
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Metro East REIA
Jun 30, 20231 min read
Home Flipping Activity Remains High Across Nation
According to the latest U.S. Home Flipping Report from ATTOM, 72,960 single-family houses and condominiums were flipped in Q1, 2023...
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Metro East REIA
Jun 30, 20231 min read
Black Knight Says Past-Due Mortgages Approach Record Lows
According to Black Knight’s latest Mortgage Monitor, the total U.S. loan delinquency rate (loans 30 days+ past due but not in...
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Metro East REIA
Jun 30, 20231 min read
Local Market Monitor’s National Economic Outlook for June ’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
Jun 30, 20231 min read
Housing Starts Surge in April
The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000, which...
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Metro East REIA
Jun 22, 20231 min read
Staying Put: More than 9 in 10 Mortgages Have a rate Below 6%
With the recent discussion about a lack of for-sale inventory, a new report from Redfin remind us that more than nine of every 10 (91.8%)...
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Metro East REIA
Jun 14, 20231 min read
Top 10 Zips With Highest Number of REOs
According to the ATTOM Data’s May 2023 U.S. Foreclosure Market Report, foreclosure filings were up 7% from April 2023 and 14% from May...
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Metro East REIA
Jun 14, 20231 min read
NREIA Joins Buckeye Institute Calling on SCOTUS to Protect America’s Judicial System from Abuse
In Mid June the Ohio-based Buckeye Institute for Public Policy Solutions filed an amicus brief in Acheson Hotels v. Laufer, calling on...
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Metro East REIA
Jun 14, 20231 min read
Yardi Says Multifamily Demand Still Firm, Rents Rise in May
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,716 in May (up $7). Yardi says...
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