A new report from Wells Fargo says credit is getting more expensive and likely to become harder to access in the wake of the recent so-called banking crisis. Their report looks at the degree to which credit has sustained consumer spending so far and how diminished access to credit could negatively impact consumer spending. Some […]
Consumers are Relying on Credit Much More than in the Past Read More »
We first heard about this property back in the Fall after a Maryland couple with a bank contract to buy a vacant foreclosed home went to move in, but there was rental truck in the driveway moving someone else in! When the new owners confronted the people moving in, the men showed them what they
Squatters Torment Homeowners Across the Country Read More »
Rental information site Zumper recently released their latest monthly National Rent Report for March, 2023. According to their data, rent for 1-bedroom apartments was $1,494 (up .02% from February) and the median two-bedroom rent was $1,833 (up 0.5% from February). Zumper says this uptick points to a larger trend of deceleration of price increases and
Zumper’s National Rent Report for March ’23 Read More »
The National Association of Home Builders says single-family market share continues to shift away from large metro areas. Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 to
Single-Family Market Share Continues to Shift Away from Large Metros Read More »
Recently, the Biden Administration released its Blueprint for the Renters Bill of Rights. On two recent episodes of the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discuss how this blueprint can and will affect landlords today and in the future. You can download a copy of the White House’s document by
Your Guide to the Renter’s Bill of Rights – Parts 1 & 2 Read More »
We love posting about short-term rentals – especially when there’s some good news for the segment. Today’s infographic from Statista says Airbnb saw its bookings cut by more than 40% due to Covid 19. However, as they illustrate, Airbnb bounced back remarkably well in 2021 and 2022 with the number of nights and experiences booked
March, 2023 The number of jobs in February was 2.9 percent higher than last year, normally an indicator of strong economic growth, but the increase was 3.3 percent in January, 3.5 percent in December. The rate of improvement is slowing down, which probably means that we’re still counting pandemic recovery jobs as new jobs, and
Local Market Monitor’s National Economic Outlook for March ’23 Read More »
Today’s infographic from the Visual Capitalist ranks the economic output of the top 15 U.S. cities from New York City to Minneapolis, using data from the U.S. Bureau of Economic Analysis.  Interestingly, America’s metropolitan areas account for roughly 90% of U.S. economic output, however, they do point out that the economic center of gravity within
It might be a little apropos considering the developing banking crisis as we post this;Â a recent report from Bankrate.com says an uncertain economy is affecting how Americans are able to save for emergencies. In fact, they say that nearly half (49%) of Americans have less savings (39%) or no savings (10%) compared to a
Bankrate’s 2023 Annual Emergency Savings Report Read More »
A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the U.S. To come up with their conclusions, Realtor.com looked at household formation, housing starts, and home sales. They found that given how many households were formed between 2012 and 2022 the