Americans Choose Real Estate as Best Investment for the 12th Year in a Row As we mentioned last month, Keeping Current Matters has once again highlighted the fact that for the 12th consecutive year, more Americans prefer real estate as a long-term investment over other options. This trend underscores the enduring appeal and reliability of […]
Real estate remains a top choice for long-term investments. Read More »
American Land Title Association Reports Increase in Seller Impersonation Fraud Attempts The American Land Title Association reveals that seller impersonation fraud attempts are on the rise, with 28% of title companies encountering at least one such incident in 2023, according to their recent study. According to the study, seller impersonation fraud is often detected before
Detecting and preventing seller impersonation fraud Read More »
The Impact of Housing on the Economy We recently posted about the nation’s GDP was up 2.8% in Q2, 2024. The NAHB’s Eye on Housing took a deeper dive into the numbers to reveal that housing’s share of the economy stayed level at 16.1% in the Q2, 2024 and remained above 16% after staying constant
The housing sector continues to account for more than 16% of the GDP. Read More »
Latest Yardi Matrix Multifamily Report According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,753 (up $4) in July, 2024. Year-over-year growth was unchanged at 0.8%. Yardi says multifamily growth is weak, but there is some strength. Indeed… “Multifamily rent growth is weak nationally compared to long-term levels, but the
Yardi Matrix reports that the growth of multifamily rents is currently sluggish. Read More »
The U.S. Bureau of Labor Statistics has recently released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) saw a 0.2% increase in July 2024. Over the past 12 months leading up to July, the index has risen by 2.9%. One significant contributor to this increase was the 0.4% rise in
Inflation has increased by 2.9% compared to the previous year. Read More »
The U.S. government has reported that total construction spending in June 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $928 billion in June,
Construction spending in the U.S. experienced a slight decrease once again in June. Read More »
According to the most recent CoreLogic Home Price Insights (HPI) report, home prices in the U.S. saw a year-over-year increase of 4.7% in June 2024 compared to June 2023. Month-over-month, there was a 0.3% growth in home prices in June 2024 compared to May 2024. This marks the 149th consecutive month of year-over-year home price
According to the most recent ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies saw a significant spike in June, increasing by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. However, the number of loans in active foreclosure reached the lowest point since the end of COVID-era moratoria. The ICE Mortgage
The most recent report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.9% annual increase in May 2024. The 10-City Composite saw a 7.7% increase, while the 20-City Composite saw a 6.8% increase year-over-year. According to Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones
S&P CoreLogic Case-Shiller surpasses last month’s record high. Read More »
The National Association of Realtors has reported a 4.8% increase in pending home sales in June 2024. The Pending Home Sales Index, based on contract signings, reached 74.3 in June, with all four U.S. regions seeing an increase in transactions. The chief economist at NAR, Lawrence Yun, noted that the rise in housing inventory has
Pending home sales saw a 4.8% increase in the month of June. Read More »