U.S. Government Reports National Housing Vacancy Rates for Q3, 2024 The U.S. government is reporting that the national vacancy rates for Q3, 2024 were 6.9% for rental housing and 1% for homeowner housing. The national homeownership rate for Q3 2024 was 65.6%. In addition, approximately 89.9% of the housing units in the United States in […]
Top 10 States with the Lowest Cost of Living We’ve had a lot of posts related to the cost of living and how it affects real estate and quality of life. With that in mind, a recent report from Realtor.com reveals their list of the top 10 states with the lowest cost of living. The
10 States With the Most Affordable Cost of Living Read More »
National Association of Realtors Reports Decrease in Existing Home Sales The National Association of Realtors latest report reveals a 1% decrease in existing home sales in September, with a seasonally-adjusted annual rate of 3.84 million – marking a 3.5% decline year over year. Total housing inventory at the end of September was 1.39 million units,
September saw a 1% decrease in existing home sales. Read More »
ADP National Employment Report for September 2024 According to the ADP National Employment Report for September 2024, private sector employment increased by 143k jobs and annual pay was up 4.7% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data
Americans’ Transportation Preferences in 2022 Citing government data, Statista reports that approximately nine out of ten trips in the United States were taken using a car, SUV, pickup truck, or van in 2022. This data highlights the strong preference for personal vehicles among Americans. In contrast, walking accounted for a significantly smaller share of total
The Decline in Mortgage Demand for Second Homes We recently posted about how there are around 6.5 million second homes in America. With that in mind, a recent report form Redfin says mortgage demand for second homes has fallen to an 8-year low. Specifically, they say mortgage-rate locks for second homes fell 13.1% year over
Demand for mortgages for second homes has dropped to its lowest level in eight years. Read More »
Consumer Price Index Increases by 0.2% in August, 2024 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in August, 2024 (same as July). The all items index was up 2.5% for the 12 months ending in August. The index for shelter rose 0.5%
Inflation has increased by 2.5% compared to the previous year. Read More »
Tracking the Impact of Inflation on the Economy At Real Estate Investing Today, we closely monitor inflation as it is a crucial indicator that affects the entire economy. A recent chart from Statista highlights the Consumer Price Index (CPI) categories that have been most impacted by inflation in recent years. The data reveals a significant
Which sectors have been most affected by rising prices? Read More »
U.S. Construction Spending in July 2024 The U.S. government is reporting that total construction spending in July, 2024 was at a seasonally adjusted annual rate of $2,162.7 billion, which is 0.3% lower than June’s revised number. However, July’s revised estimate is 6.7% higher than one year ago. Residential construction came in at a seasonally adjusted
Construction spending in the U.S. experiences a slight decrease once more in July Read More »
CoreLogic Reports Stable Growth in U.S. Single-Family Rental Prices According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices continue to hold steady in June 2024, with prices posting a 2.9% gain year-over-year. In addition they report that rental prices for low-end properties were up 1.9% compared to high-end properties where
CoreLogic reports that single-family rental prices remain stable. Read More »