WalletHub says the average American can expect to move an estimated 12 times in a lifetime. They say moving can be a sign of opportunity, prompted by a new job or long-term wealth accumulation, but people may also move because of instability such as foreclosure or job loss. With that in mind, they compared over […]
WalletHub’s Best & Worst Places To Raise a Family – 2024 Read More »
According to the April 2024 U.S. Foreclosure Market Report by ATTOM, there were a total of 31,649 U.S. properties with foreclosure filings, which is a 4% decrease from March and a 4% decrease from the previous year. This means that one out of every 4,453 housing units had a foreclosure filing during this period. The
Top 10 Counties with the Highest Number of Foreclosure Initiations Read More »
According to the most recent New Home Lot Supply report from Zonda, in Q1 2024, there was a tightening of lot supply year-over-year across the U.S. The report notes that lot inventory remains “significantly undersupplied” in most markets, and this trend reflects the increased construction activity in recent quarters. Ali Wolf, the chief economist at
The number of available lots for new homes has decreased compared to the previous year. Read More »
The latest Yardi Matrix Multifamily Report reveals that the average U.S. multifamily rent in April 2024 was $1,725. Yardi notes that multifamily rents have increased for the second consecutive month, attributing this trend to robust demand in the market. According to Yardi, although rent growth is moderate, there are several positive indicators in the data.
Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates Read More »
Zumper has compiled a list of the best cities for singles based on factors such as median rent, percentage of single population, cost of living, median income, unemployment rate, and access to dining and entertainment. They have identified the top 10 states for singles, including Atlanta, GA; St. Louis, MO; Minneapolis, MN; Boston, MA; Madison,
According to the NAHB’s Eye on Housing, the housing sector’s contribution to the economy reached 16.1% in the first quarter of 2024, exceeding 16% for the first time since 2022. This increase in housing’s share of GDP is attributed to residential fixed investment (RFI) and housing services. RFI includes home building, multifamily development, and remodeling,
Housing’s Contribution to GDP Exceeds 16% for the First Time Since 2022 Read More »
According to a report from CBS News, the IRS is gearing up to increase audits in an effort to crack down on tax evasion and generate more revenue for the U.S. Treasury. This initiative follows the passing of the Inflation Reduction Act (IRA) which allocated $80 billion in new funding. The plan outlined by the
IRS predicts a significant increase in the number of audits. Read More »
Don’t forget, Mother’s Day is this Sunday, May 12th (just a friendly reminder). According to the History Channel, Mother’s Day became an official holiday in the U.S. in 1914 and is typically celebrated by giving moms flowers, cards, and gifts. Groupon’s infographic provides insight into what moms really want (and don’t want) on this special
The 2023 Internet Crime report from the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) was recently released, providing insights into the cyber threat landscape based on data from reported complaints. According to the FBI, phishing schemes were the most frequently reported crime in 2023, using unsolicited e-mails, text messages, and phone calls to
The most recent Federal Housing Finance Agency’s House Price Index (HPI) report shows a 6.3% increase in home prices between January 2023 and January 2024. Additionally, the seasonally adjusted monthly index for January rose by 0.1% from December. The FHFA HPI is a comprehensive collection of house price indexes that track changes in single-family home
FHFA reports that home prices have increased by 6.3% compared to last year. Read More »