FHFA Says Home Prices Were Down 0.6% in July; Up 13.9% Year-Over-Year
FHFA Says Home Prices Were Down 0.6% in July; Up 13.9% Year-Over-Year According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices dropped 0.6% in July but were up 13.9% year over year. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes […]
How to RENT PERFECT
Pending Home Sales Down 2% in August
Pending Home Sales Down 2% in August The National Association of Realtors is reporting that pending home sales were down 2% in August, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 88.4. The NAR says rising inflation and higher mortgage rates are driving the numbers. “The direction […]
Theft-Proof Rehabbing
Theft-Proof Rehabbing Theft-Proof Rehabbing by Pete Youngs One of the most common things I run across no matter where in the country our properties may be, is theft or vandalism. I don’t know any investor that has not faced this as sad as that may be. It doesn’t always have to be serious, but it […]
Self Storage Use by Generation
Self Storage Use by Generation A new report from RentCafe says the growing share of renters among American households have increased both the interest and use of storage space. In fact, they point out that 21% of US renters are currently leasing a self storage unit while an additional 12% are planning to use the […]
Market Trends: 3 Things to Expect in an Unsettled Housing Market
Market Trends: 3 Things to Expect in an Unsettled Housing Market Fluctuating interest rates, home prices, and continued inventory woes in high demand areas are generating confusion for home buyers and sellers. Here’s what to expect: 1. Mortgage rates will continue to rise As inflation increases, the average rate of a 30-year mortgage has exceeded […]
Who Can You Give Blood to?
Who Can You Give Blood to? Do you know your blood type or that of a close family member? Statista says it might surprise you to learn that an awful lot of people have no idea, and even less know how compatible their blood type is with others if it were to come to an […]
The Market Value of Owner-Occupied Real Estate Up $1.5 trillion in Q2
The Market Value of Owner-Occupied Real Estate Up .5 trillion in Q2 A recent report from the NAHB’s Eye on Housing says the market value of owner-occupied real estate increased $ 1.5 trillion to $ 41.2 trillion in Q2, 2022, on a non-seasonally adjusted basis. In addition they report that, while the current rate of […]
#GenerationPricedOut: Discuss right way to buy a home or Homebuyer Bill of Rights?
#GenerationPricedOut: Discuss right way to buy a home or Homebuyer Bill of Rights? #DefensiveHomebuying: Today, a leading buyer agent published a comprehensive article asking if there is a “right” way to buy a home. DIY homebuyers, if you’ve… The post #GenerationPricedOut: Discuss right way to buy a home or Homebuyer Bill of Rights? first appeared […]
Flipping Profits Up in Q2
Flipping Profits Up in Q2 According to the latest U.S. Home Flipping Report from ATTOM, 115,198 single-family houses and condominiums were flipped in Q2, 2022 representing 8.2% of all home sales in Q2. Interestingly, ATTOM points out that profit margins improved in Q2 as median resale price trends on flipped homes greatly improved. Specifically, the […]