Boston Real Estate Investors Association

REIASense – National REIA Update on Government Affairs

  The Sunshine State: Congratulations to Florida’s real estate investors! The recently passed HB 1417 (Florida Legislature) provides clear, thoughtful statewide controls on the housing provider-renter relationship. Political wannabes are wringing their hands about their loss of control over local housing, but the reality is that the massive patchwork of laws, regulations, and, in some […]

New Home Sales Drop 2.5% in June

[ad_1] The U.S. Government is reporting that sales of new single-family houses in June, 2023 were at a seasonally adjusted annual rate of 697k, which is 2.5% lower than May’s revised rate but is 23.8% higher than one year ago.  The median sales price of new houses sold in June was $415,400 with an average […]

Seriously Delinquencies Hit Lowest Level Since 2006

[ad_1] According to Black Knight’s latest Mortgage Monitor, the total U.S. loan delinquency rate (loans 30 days+ past due but not in foreclosure) was 3.12% in June, up 0.55% from May and down 2.80% year over year.  In addition, the number of serious delinquencies (loans 90+ days past due) dropped to 471K – the lowest […]

How the EXPERTS got it all WRONG. Boston, MA Real Estate Update.

Is a huge housing correction coming? Are we in a housing bubble? Or have housing prices bottomed out? What is happening in the Boston real estate market? I answer all of these greater Boston real estate questions and talk about where we stand we the number of homes for sale and the current housing inventory […]

Support Growing for Supreme Court Review of Rent Control Law

[ad_1] On a recent episode of Real Estate News for Investors, Kathy Fettke says the rent control debate is gaining momentum at the top of the legal food chain. New York landlords are asking the Supreme Court to overturn lower court decisions on a 2019 rent stabilization law, and several national real estate groups are […]

Homeownership Across US Counties

[ad_1] The NAHB’s Eye on housing says that while US homeownership rates have been rising since 2015 (even receiving an extra boost during the post-pandemic housing boom) they remain below the levels reached during the housing boom of the mid-2000s.  Sifting through data form the American Community Survey (ACS) reveals a substantial variation in homeownership […]

Existing-Home Sales Drop 3.3% in June

[ad_1] The National Association of Realtors is reporting that existing home sales were down 3.3% in June to a seasonally-adjusted annual rate of 4.16 million (down 18.9% year over year).  Total housing inventory at the end of June was 1.08 million units, the same as May but down 13.6% from one year ago.  Unsold inventory […]

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