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Over 100 Suburbs Transitioned to Renter-Majority During the Last Decade
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According to recent data analyzed by RENTCafé, renters are now the majority in 103 suburbs that were previously in homeowner territory 10 years ago, and they say 57 other suburbs are expected to join them in the next five years. Click here to read more.
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Soaring Home Prices Are Roiling Appraisals and Upending Sales
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A recent article in the Wall Street Journal says soaring home prices are “roiling appraisals and upending sales.” They say that more & more properties are being valued below their agreed-upon sales price, causing some deals to collapse. Reportedly, home buyers are frequently
paying above asking price in bidding wars, and the subsequent appraisals not keeping up with the rapid sales price increases. Click here to read more.
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Inflation Frustration, Mortgage Rate Surprise and a New Checklist for Homebuyers
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On a recent episode of Real Estate News for Investors, Kathy Fettke takes a look at inflation frustration for the Fed, a mortgage rate surprise, and a new checklist for today’s homebuyers. Click here to read more.
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Yardi Says Rents Continue to Soar
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According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in September increased $16 to $1,558 (up a record 11.4% year-over-year). Click here to read more.
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NMHC Says 78.4% of Apartment Households Paid Rent by October 6th
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The National Multifamily Housing Council (NMHC) says that 78.4% of apartment households made a full or partial rent payment by October 6th, 2021. Click here to read more.
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Where Do People Pay the Most Property Taxes?
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The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. In fact, they point out that, in 2019 alone, property taxes generated 31% of total state and local tax collections. Click here to read more.
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Builders Hunt for Alternatives to Materials that are in Short Supply
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A recent report by the Wall Street Journal says shortages of key construction materials are forcing some builders & contractors to seek out substitutes and look for alternative suppliers as they attempt to meet the high demand for new housing. Click here to read more.
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Share of New Homes With 4+ Bedrooms Increased in 2020
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According to recent data from the U.S. Census Bureau’s 2020 Survey of Construction says that the number of bedrooms in new single-family homes showed a sharp upswing in the percentage of new homes started with 4 or more bedrooms. Click here to read more.
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Costliest Disasters to the Insurance Industry
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Infographic: Here in America, we still have about another month of Hurricane season – let’s hope it’s quiet. However, with that in mind, the folks over at Statista recently put together a graphic illustrating the 10 costliest disasters to the insurance industry. Not
surprising, they’re mostly hurricanes. Click here to read more.
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Have you made a positive difference to our communities and society at large?
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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!
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