Boston Real Estate Investors Association

Availability of Lots for New Homes Drops Year-Over-Year

The number of available lots for new homes has decreased compared to the previous year.

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 »

Yardi Says Steady Absorption is Boosting Multifamily Rents

Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates

News / Boston REIA

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.

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Top American cities for singles

News / Boston REIA

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,

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Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022

Housing’s Contribution to GDP Exceeds 16% for the First Time Since 2022

News / Boston REIA

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,

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IRS Says Number of Audits is About to Surge

IRS predicts a significant increase in the number of audits.

News / Boston REIA

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 »

The date of Mother’s Day is May 12th.

News / Boston REIA

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 date of Mother’s Day is May 12th. Read More »

2023 Internet Crime Report Unveiled by FBI

News / Boston REIA

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

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FHFA Says Home Prices Up 6.3% Year Over Year

FHFA reports that home prices have increased by 6.3% compared to last year.

News / Boston REIA

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 »

CoreLogic Says Annual Rent Growth Remains Slow But Steady

CoreLogic reports that annual rent growth continues to be slow but steady.

News / Boston REIA

The most recent CoreLogic Single-Family Rent Index (SFRI) reports that U.S. single-family home rental prices increased by 2.8% year over year in December 2023, consistent with the previous four months. Despite rent gains slowing down in the second half of 2023, costs have still risen by almost 30% since early 2020. According to Molly Boesel,

CoreLogic reports that annual rent growth continues to be slow but steady. Read More »

The fourth quarter of ’23 witnessed a 3.3% increase in GDP.

News / Boston REIA

According to the U.S. Bureau of Economic Analysis, America’s real gross domestic product (GDP) experienced a 3.3% increase in the fourth quarter of 2023. This growth rate is 1.6 percentage points lower than the annualized increase in the previous quarter. For more details, you can read the full report at the U.S. Bureau of Economic

The fourth quarter of ’23 witnessed a 3.3% increase in GDP. Read More »