Zillow Seeks to Unload 7k+ Homes After Flipping Fumble

According to news reports, Zillow is planning to sell about 7k homes as it seeks to recover from what Bloomberg calls a “fumble in its high-tech home-flipping business.” Reportedly, Zillow is seeking roughly $2.8 billion for these houses and will likely sell them to a multitude of buyers rather than packaging them in a single transaction. Click here to read more.

Pending Home Sales Down 2.3% in September

The National Association of Realtors is reporting that pending home sales were down 2.3% in September, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell to 116.7. Click here to read more.

FHFA House Price Index Up 18.5% from 2020

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 1% in August and up 18.5% from August, 2020. Click here to read more.

Construction Spending Dips Slightly in September

The U.S. government is reporting that total construction spending in September was at a seasonally adjusted annual rate of $1,573.7 billion, which is down0.5% from August’s revised estimate. Click here to read more.

Zumper’s National Rent Report for October ’21

Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in October, 2021 was up 11.8% and the median two-bedroom rent was up 14.3%, since March, 2020. Click here to read more.

Fall 2021 Emerging Housing Markets Index

Realtor.com & the Wall Street Journal recently released their 3rd Emerging Housing Markets Index which identifies markets they believe will be good areas to purchase a home for both homeowners and investors. Click here to read more.

Share of New Homes with Decks Drops Below 20%

According to recent data crunched by the NAHB’s Eye on Housing, new homes being built with decks has declined for the 3rd straight year. Click here to read more.

ATTOM Says Zombie Foreclosure Numbers in Holding Pattern

According to the ATTOM Data’s Q4 2021 Vacant Property and Zombie Foreclosure Report, zombie foreclosures comprise only one of every 13,300 residential properties in U.S. However, they do caution that this figure is likely to rise following the recent end of the national foreclosure moratoriums. Click here to read more.

5 Facts About Veterans Day

Infographic: Next Thursday, November 11^th is Veterans Day… Here’s a little history about this important day; In 1918, the armistice of the First World War officially took effect on the 11th day, of the 11th month, at the 11th hour. Click here to read more.

Have you made a positive difference to our communities and society at large?

National REIA is proud of our association’s and their member’s contributions to their communities. We promote a spirit of “giving back” throughout our industry. Real Estate Investing has enhanced our lives and given us success so our mission to positively impact our communities is at the core of what we do.

If you have a great story of how you have made an impact in your community or you have a member that has done amazing work to contribute, please take a moment to submit the story to Caleb@nationalreia.org for inclusion in our publications, social media, and our website. We are excited to hear how our industry and those of us in it have made a positive difference to our communities and society at large!