The housing sector continues to account for more than 16% of the GDP.
The Impact of Housing on the Economy We recently posted about the nationâs GDP was up 2.8% in Q2, 2024. The NAHBâs Eye on Housing took a deeper dive into the numbers to reveal that housingâs share of the economy stayed level at 16.1% in the Q2, 2024 and remained above 16% after staying constant […]
Pandemic redux? Buyers, sellers disagree on the âgolden rateâ: Intel
Exclusive Report for Inman Intel Subscribers This report is available exclusively to subscribers of Inman Intel, the data and research arm of Inman offering deep insights and market intelligence on the business of residential real estate and proptech. Subscribe today. For a brief moment this month, mortgage rates plunged below the 6.5 percent mark â down significantly from […]
Boston Suffolk Hosts Girl Scouts for a Day of Learning About Construction
BOSTONâSuffolk recently hosted 16 Girl Scouts at Suffolkâs Roxbury headquarters for a day of learning about the fascinating world of construction and the importance of female representation in the industry. The visit was part of Suffolkâs 10-year âRebuild the Ratioâ partnership with Girl Scouts of Eastern Massachusetts (GSEMA). Following an introduction to Suffolk and its […]
Yardi Matrix reports that the growth of multifamily rents is currently sluggish.
Latest Yardi Matrix Multifamily Report According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,753 (up $4) in July, 2024. Year-over-year growth was unchanged at 0.8%. Yardi says multifamily growth is weak, but there is some strength. Indeed⊠âMultifamily rent growth is weak nationally compared to long-term levels, but the […]
Inflation has increased by 2.9% compared to the previous year.
The U.S. Bureau of Labor Statistics has recently released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) saw a 0.2% increase in July 2024. Over the past 12 months leading up to July, the index has risen by 2.9%. One significant contributor to this increase was the 0.4% rise in […]
Trending: VESTAPLUS MLS Software
Don’t miss the opportunity to join Kelly Robinson, vice president of sales and marketing at VESTAPLUS, and Jonnathan Rivas, product manager at VESTAPLUS, for an exclusive tour of their top MLS products. Explore the cutting-edge tools designed to enhance your real estate business, from advanced listing searches to seamless data integration. Experience firsthand how VESTAPLUS […]
Construction spending in the U.S. experienced a slight decrease once again in June.
The U.S. government has reported that total construction spending in June 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $928 billion in June, […]
CoreLogic reports that the housing market activity came to a standstill at the close of spring.
According to the most recent CoreLogic Home Price Insights (HPI) report, home prices in the U.S. saw a year-over-year increase of 4.7% in June 2024 compared to June 2023. Month-over-month, there was a 0.3% growth in home prices in June 2024 compared to May 2024. This marks the 149th consecutive month of year-over-year home price […]
The Influence of the Location of a Grocery Store on Housing Prices
Did you know that having a Trader Joeâs or an ALDI near your property could potentially increase its ROI? This information comes from ATTOM Dataâs recent report “8 Ways Neighborhood Data Influences Property Values and Real Estate Decisions.” Keep that in mind when stocking your pantry! Stay safe and have a Happy Friday! [Link to […]
Are you interested in finding partners or joining partners for multifamily deals? We have a solution for you!
Ever dreamed of getting into the real estate game to invest in multifamily deals for profit, but didn’t have the network, or the cash or know how to get started? I know many of Boston REIAâs members did, but we now have the perfect solution! On August 20th at 7pm EST, Boston REIA is partnering […]