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Your weekly news & updates
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The Deeply Flawed Studies Behind the Eviction Moratoriums
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A recent report & video from Reason shows how the government and media relied on studies plagued by shoddy statistics to make the case for blocking evictions during the recent COVID-19 pandemic. They point out some deep flaws in two studies that got widespread media attention and
that were cited by the federal government to support its policies. Click here to read more.
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NMHC Says 76.5% of Apartment Households Paid Rent by July 6th
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The National Multifamily Housing Council (NMHC) says that 76.5% of apartment households made a full or partial rent payment by July 6th, 2021. This figure is 0.9% lower than those who paid rent through July 6, 2020. Click here to read more.
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CoreLogic: Prospective Buyers Could Get Pushed Out in Many Areas
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According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 15.4% year-over-year in May. Click here to read more.
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Top 10 U.S. Housing Markets with Fastest Flip Times
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ATTOM’s latest U.S. Home Flipping Report showed that both the home flipping rate and gross profits declined nationwide in Q1 of 2021. However, that being said, we’ve come across another analysis of that same report from ATTOM identifying the top 10 markets with the fastest flip
times. Click here to read more.
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Delinquency Rate Up 1.5%
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According to the latest Mortgage Monitor from Black Knight, the delinquency rate rose 1.5% in May coming in at 4.73%. However serious delinquencies were down 99k – marking 9 straights months of improvement. Click here to read more.
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Which States have the Highest & Lowest Property Taxes?
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The Tax Foundation says that since property taxes are tied to housing values, it makes sense that the actual dollar amounts of property taxes tend to be higher in places with higher housing prices. Click here to read more.
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Consumer Price Index Up 0.9% in June
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The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.9% in June, 2021. Click here to read more.
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Digital Closings Have Spiked 228%
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According to a recent report form HousingWire, digital closings have spiked 228% since 2019 as more of the industry moves online. Citing data from American Land Title Association, they also said remote online notarization use jumped 547%. Click here to read more.
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Americans Owe More Than $1.7 Trillion in Student Loans
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Infographic: We’ve posted a lot about student loan debt over the past few years. According to the federal government, outstanding student loans in the U.S. has reached over $1.7 trillion comprising over 45 million borrowers. Click here to read more.
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