The U.S. government is reporting that privately‐owned housing starts in June, 2024 were at a seasonally adjusted annual rate of 1,353,000, which is 3% higher than May’s revised number but is 4.4% lower than one year ago. June’s rate for units in buildings with five units or more was 360k. Privately‐owned housing units authorized by […]
Several states across the nation are holding off sales tax holidays for the back-to-school season. Whether you think this is good or bad public policy can be saved for another day; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year
We have shared this information for several years now, and it remains relevant: According to a recent Gallup report, real estate continues to be the preferred long-term investment choice for Americans for the 12th consecutive year. The breakdown shows that 36% prefer real estate, 22% prefer the stock market, 18% prefer gold, 13% prefer CDs/bank
According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual
Construction spending in the U.S. experienced a modest decrease in May. Read More »
The Visual Capitalist reports that more than 80% of the American population resides in an urban area. Utilizing Census data, the infographic below highlights the U.S. states with cities boasting over 250,000 residents. Stay safe and enjoy your Friday! Hat tip to the Visual Capitalist. View infographic here The article States with Cities Over 250k
According to the most recent Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices increased by 0.2% in April. Additionally, there was a 6.3% increase in house prices from April 2023 to April 2024. The FHFA HPI is a comprehensive collection of public house price indexes that track changes in single-family home values
Next Thursday, July 4th, will mark 248 years of America’s independence! Today’s infographic takes a look at the Fourth of July “by the numbers” and provides insight into this holiday that we Americans hold dear. Whatever you do to celebrate, do it safely and have fun…..and, as always, Stay safe and have a Happy Friday!!!
The Consumer Financial Protection Bureau (CFPB) has recently proposed a rule to remove medical bills from most credit reports and prevent debt collectors from using the credit reporting system to collect debt. This new rule aims to eliminate $49 billion of medical debts that unjustly lower credit scores for 15 million people. CFPB Director Rohit
CFPB Wants to Ban Medical Bills from Credit Reports Read More »
The National Association of Realtors has reported a 0.7% decrease in existing home sales in May, with a total of 4.11 million homes sold at a seasonally-adjusted annual rate. This marks a 2.8% decline compared to the previous year. Inventory levels have increased, with 1.28 million units available at the end of May, representing a
According to ATTOM Data’s May 2024 U.S. Foreclosure Market Report, there were 32,621 U.S. properties with foreclosure filings in May. This is a 3% increase from the previous month but a 7% decrease from the previous year. The data shows that one in every 4,320 housing units nationally had a foreclosure filing in May. The