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 […]
Inflation has increased by 2.9% compared to the previous year. Read More »
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
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,
Construction spending in the U.S. experienced a slight decrease once again in June. Read More »
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
Did you know that having a Trader Joe’s or an ALDI near your property could potentially increase its ROI? This information comes from ATTOM Data’s 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
The Influence of the Location of a Grocery Store on Housing Prices Read More »
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 REIA’s members did, but we now have the perfect solution! On August 20th at 7pm EST, Boston REIA is partnering
The Pacific Legal Foundation recently announced that a Michigan mother has appealed to the Michigan Supreme Court to uphold her constitutional right to fair compensation after her home was foreclosed on by Manistee County, sold, and the county kept $102,636 more than she owed. Chelsea Koetter, a single mother of two, fell behind on her
According to the most recent ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies saw a significant spike in June, increasing by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. However, the number of loans in active foreclosure reached the lowest point since the end of COVID-era moratoria. The ICE Mortgage
Today’s real estate investment property market emphasizes investors’ focus on securing the right capital for their assets. CBRE’s Capital AI has the potential to change the game by leveraging artificial intelligence to analyze billions of proprietary data points and unlock a wider pool of capital sources, empowering investors to achieve optimal deal outcomes. CBRE launched
CBRE Unveils Capital AI: Unlocking the Power of Real Estate Investment Property Data Read More »
The most recent report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.9% annual increase in May 2024. The 10-City Composite saw a 7.7% increase, while the 20-City Composite saw a 6.8% increase year-over-year. According to Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones
S&P CoreLogic Case-Shiller surpasses last month’s record high. Read More »