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Your weekly news & updates
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Biden Administration Extends Eviction Moratorium Through July
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The Biden administration has extended the CDC’s federal pause on evictions by one month through the end of July. The CDC said in a release that this action “…is intended to be the final extension of the moratorium.” Indeed… stay tuned. Click here to read more.
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Housing Starts Up 3.6% in May
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The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000, which is 3.6% higher than April’s revised number. However, this figure is 50.3% higher than one year ago. Click here to read more.
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Existing Homes Sales Down 0.9% in May
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The National Association of Realtors is reporting that existing home sales were down 0.9% in May to a seasonally-adjusted annual rate of 5.80 million (up 44.6% from one year ago). Total housing inventory at the end of May was 1.23 million units, down 20.6% from one year
ago. Click here to read more.
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Residential Construction Input Prices Up 23% Year-Over-Year
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According to recent economic data analyzed by the NAHB’s Eye on Housing, the prices paid for goods used in residential construction (excluding energy) rose 3.6% in May and have increased 16.5% over the past year. Click here to read more.
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Top Places Where Homeownership has Increased & Decreased the Most
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Where did homeownership rise and fall the most across the country during the pandemic? That’s the question the number-crunchers at Realtor.com recently put pen to paper to find out. Click here to read more.
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Local Market Monitor’s National Economic Outlook for June 2021
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Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here to read more.
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Top 10 Zip Codes with Rising Flipping Rates
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According to ATTOM Data’s Q1 U.S. Home Flipping Report, the nationwide flipping rate fell to its lowest level since 2000, with just 32,526 single-family homes and condominiums flipped, representing only 2.7% of all home sales. Click here to read more.
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Nosy Neighbors Should Be a Landlord’s Best Friend
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On a recent episode of the Rent Perfect Podcast, David Pickron says as a landlord, having more eyes and ears looking out for your property can only help protect its value and why knowing the neighbors of your rental properties can give you the upper hand in better managing and protecting
your asset. Click here to read more.
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Benefits of Investing in Multi-family Real Estate
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As a real estate investor, you would want to invest in as many types of properties as you can. Most people who start out go for the single-family homes first to invest in because they don’t have to worry about as much upkeep and they can purchase it directly from the
owner. Click here to read more
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Tornado Season is Upon Us
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Infographic: With Summer finally upon us, now is a good time to get up to speed with those deadly whirlwinds that no one wants to see firsthand, tornadoes. Today’s infographic tells us about the types of tornadoes and how to identify them. Click here to read more.
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