Zillow’s 10 Best Metros for First-Time Home Buyers in 2023
Zillow’s 10 Best Metros for First-Time Home Buyers in 2023 A recent analysis from Zillow says as the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels, Wichita, Kansas tops the list for for potential first-time home buyers. In fact, six metros in the Midwest are on that list as […]
Black Knight Says 8% of Mortgaged Homes Purchased in ’22 are Underwater
Black Knight Says 8% of Mortgaged Homes Purchased in ’22 are Underwater According to Black Knight’s latest Mortgage Monitor, 8% of all homes purchased with a mortgage in 2022 are now at least marginally underwater and nearly 40% have less than 10% equity stakes in their home, a situation most concentrated among FHA/VA loans. Over […]
U.S. Construction Spending Down Slightly in October
U.S. Construction Spending Down Slightly in October 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 […]
FHFA Says Home Prices Were Up 12.4% Year-Over-Year
FHFA Says Home Prices Were Up 12.4% Year-Over-Year 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 […]
Determine Your Christmas Tree Personality
Determine Your Christmas Tree Personality 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 […]
Delistings Hit Record High in November
Delistings Hit Record High in November 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 […]
Home Bought at Sheriff’s Sale has Decomposing Body of Former Homeowner in the Basement
Home Bought at Sheriff’s Sale has Decomposing Body of Former Homeowner in the Basement 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 […]
Double Dipping By Cummings Properties Not Allowed In Commercial Lease Dispute
Double Dipping By Cummings Properties Not Allowed In Commercial Lease Dispute Appeals Court Rules That Liquidate Damages Clause Is Unenforceable Where It Allowed For Recovery of Rent For Remaining Term On Top of Rent Received From New Tenant If you enjoyed the famous Seinfeld episode where George Costanza was accused of “double dipping” his chips […]
Looking Back on 25 Years of Leading Michigan’s RPOA with Clay Powell
Looking Back on 25 Years of Leading Michigan’s RPOA with Clay Powell 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 […]
S&P CoreLogic Case-Shiller Index Shows 10.6% Annual Home Price Gain
S&P CoreLogic Case-Shiller Index Shows 10.6% Annual Home Price Gain 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 […]