Your Weekly Real Estate News Roundup by Boston REIA and National REIA

Published: Fri, 03/12/21


NMHC Says 80.4% of Apartment Households Paid Rent by March 6th
The National Multifamily Housing Council (NMHC) says that 80.4% of apartment households made a full or partial rent payment by March 6th, 2021. This figure is 4.1% lower than those who paid rent through March 6, 2020 and higher than the 79.2% that paid by February 6th, 2021. Click here to read more
 
Top 20 Cities for Generation Z Renters
 
Last month we had a post about Generation Z entering the housing market and this month we’re discovering where they want to live. A new report from RENTCafé says small towns in the heartland of America are now trending for Generation Z renters. Click here to read more.
 
Which States’ Real Estate Markets are Doing the Best and Worst?
A recent report from Bankrate.com says that before the Coronavirus-induced recession, states like Utah were already “on fire,” however residents from high-tax states like California & Washington emigrating and added fuel to that fire. Click here to read more.
 
 Zombie Foreclosures Represent 1 in every 14k Homes
According to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report, zombie foreclosures represent only one of every 14,825 homes in Q1, 2021, which they say are just a minuscule portion of the nation’s 99 million residential properties. Click here to read more.
 
Home Selling Might Get Cheaper Thanks to Antitrust Lawsuit
On a recent episode of Real Estate News for Investors, Kathy Fettke says selling a home is about to get cheaper thanks to the settlement of a recent antitrust lawsuit between the National Association of Realtors and the U.S. Department of Justice. Click here to read more.
 
Jobs in Construction Drop By 61k in February
According to recent data from the Associated General Contractors of America, construction employment decreased by 61k jobs in February, with the sector’s unemployment rate soaring to 9.6% amid severe winter weather and continuing weakness in new nonresidential projects. Click here to read more.
 
Senate Confirms Marcia Fudge as HUD Secretary
A former Congresswoman from NE Ohio, Marcia Fudge, was confirmed during the second week of March by the U.S. Senate to lead the U.S. Department of Housing and Urban Development. She will be the first woman to hold the position since 1979. Click here to read more.
The first 3D-Printed Home for Sale
 
A few years ago we shared a story about a prototype house that was being built by a mobile 3D printer, now fast forward to a new report from CNBC’s Diana Olick about the first ever 3D-printed homes for sale here in the U.S. Click here to read more.
 
Household Debt Hits New High
Infographic: According to data from the NY Fed, U.S. household debt climbed to a record high of $14.6 trillion at the end of 2020, with mortgage going above $10 trillion for the first time.  Click here to read more.