The U.S. Bureau of Labor Statistics has released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in September 2023. The overall index showed a 3.7% increase for the 12 months leading up to September, which was the same as the previous month. The rise in the index […]
Inflation is currently recorded at a year-over-year rate of 3.7% Read More »
Brighton, MA – 2Life Communities has been granted over $7.6 million by the U.S. Department of Housing and Urban Development (HUD) Office of Multifamily Housing Programs, as announced earlier this week. These funds are part of HUD’s recent allocation of $160 million in grants to non-profit organizations nationwide that support the development of new or
According to The Daily Infographic, fast-food chains have become a significant part of American culture with a wide variety of options for everyone. The infographic ranks the most popular chains based on their average sales per store. Chick-fil-A takes the top spot, known for its efficiency and crowded lunchtime lines. Check out the infographic for
1. Asheville, North Carolina: Known for its stunning mountain views and vibrant arts scene, Asheville offers a reasonable cost of living and affordable housing options for retirees. 2. Prescott, Arizona: With its mild climate and breathtaking natural beauty, Prescott is an ideal retirement destination that won’t break the bank. The city also boasts a low
Top 10 Retirement Towns That Offer Great Affordability Read More »
According to the National Association of Realtors (NAR) Chief Economist, Yun, small investors, commonly referred to as “mom and pop investors,” would greatly benefit from a reduction in capital gains taxes. Yun suggests that lowering capital gains taxes would provide these investors with increased opportunities to grow their investments and generate higher returns. By reducing
NAR’s Yun Advocates for Capital Gains Tax Cut to Benefit Small Investors Read More »
Brian Hamrick During a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick interviews Andrew Hinton, who is in the final stages of converting an office space into an apartment. They discuss both the positive and negative aspects of the project, including challenges with architects, engineers, and city inspectors, as
Converting vacant office space into apartments poses several challenges. Read More »
The latest report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index revealed a 1% annual change in home prices for July 2023. The 10-City Composite saw a 0.9% increase, while the 20-City Composite had a 0.1% increase compared to the previous year. Additionally, 19 out of the 20 major metropolitan markets reported
The S&P CoreLogic Case-Shiller Index records a rise in July Read More »
According to the U.S. Government, new single-family home sales in August 2023 were at a seasonally adjusted annual rate of 675,000, which is 8.7% lower than the revised rate for July and 5.8% higher than the previous year. The median sales price for new homes sold in August was $430,300, with an average sales price
The August report reveals a decline of 8.7% in new home sales. Read More »
According to Black Knight’s latest Mortgage Monitor, the delinquency rate for loans in the U.S. increased by 4 basis points in August, reaching 3.17%. However, this rate is still nearly one percentage point lower than the average for the same period between 2015 and 2019. The report also highlights a decline in serious delinquencies, with
Black Knight reports that early-stage delinquencies are on the rise. Read More »
The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.