Scottsdale Arizona

10/29/2024

New Home Sales Up 4.1% in September

https://realestateinvestingtoday.com/new-home-sales-up-4-1-in-september/

The U.S. Government is reporting that sales of new single-family houses in September, 2024 were at a seasonally adjusted annual rate of 738k, which is 4.1% higher than August’s revised rate and is 6.3% higher than one year ago. The median sales price of new houses sold in September was $426,300 wi...

10/29/2024

22 U.S. metros where buying a home is cheaper than renting

https://www.housingwire.com/articles/22-u-s-metros-where-buying-a-home-is-cheaper-than-renting/?cx_testId=19&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXQEK4SQSVBN&cx_experienceActionId=showRecommendationsIDX0PCBF1BH022

10/28/2024

High-end Las Vegas home builder makes build-to-rent debut

https://www.multifamilydive.com/news/las-vegas-home-builder-makes-build-to-rent-debut/730491/

The Seneca at Southern Highlands is complete with 60% of its 50 units leased.

10/24/2024

Apartment completions jump 42% YOY

https://www.multifamilydive.com/news/apartment-starts-multifamily-construction-NAHB/730454/

September apartment starts fell 15% from a year ago, while units under construction dropped 17%.

10/24/2024

Operators balance automation and customer service

https://www.multifamilydive.com/news/chatbot-centralization-aprtment-automation-resident-experience/730457/

While some apartment managers say centralization improves the resident experience, others prefer in-person interaction.

10/24/2024

Manufactured Homes in 2023

https://realestateinvestingtoday.com/manufactured-homes-in-2023/

A recent report by the NAHB's Eye on Housing says new manufactured homes saw a decline in shipments in 2023 compared to the previous year. Citing data from the Manufactured Housing Survey (MHS), around 89k,manufactured homes were shipped in 2023, a decrease of 21% from the 113k,homes shipped in 2022...

10/23/2024

Local Market Monitor’s National Economic Outlook for October ’24

https://realestateinvestingtoday.com/local-market-monitors-national-economic-outlook-for-october-24/


/Estate

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. Interestingly, Ingo points out that the jobs picture isn't as rosy as it's being portrayed. National Eco...

10/21/2024

Prices for FICO scores are predicted to rise — again — in 2025

https://www.housingwire.com/articles/mortgage-credit-score-prices-predicted-to-rise-2025/

FICO, which maintained a dominant share of the market, is expected to raise the price for mortgage credit scores from $3.50 to at least $5.

10/18/2024

Apartment List’s National Rent Report – October ’24

https://realestateinvestingtoday.com/apartment-lists-national-rent-report-october-24/

According to Apartment List’s National Rent Report for October 2024, national median rent dropped 0.5% to $1,405. They say we are likely to see that number continue to modestly drop through the remainder of 2024. “Rent growth follows a seasonal pattern – prices tend to go up during the spring ...

10/18/2024

VA streamline refis ruled the mortgage market in September

https://www.housingwire.com/articles/va-streamline-refis-ruled-the-mortgage-market-in-september/

Most of the MBA’s component indices declined last month, but the government index rose due to more offerings of VA streamline refinances.

10/18/2024

Is the Great Florida Migration Coming Undone?

https://realestateinvestingtoday.com/is-the-great-florida-migration-coming-undone/

A recent article in the Wall Street Journal (reposted in Realtor.com) suggests that the "Great Florida Migration" might be coming undone. They say a surplus of housing inventory and dwindling buyer interest are slowing sales and recent hurricanes & extreme weather events are making it worse. In addi...

10/17/2024

The Reason We Invest

https://realestateinvestingtoday.com/the-reason-we-invest/

The Reason We Invest By: Jeffery S. Watson One of the questions I ask real estate investors when I’m doing consultations or taking them on as new clients is, “What is your goal?” I’m not looking to discuss particular types of transactions, but rather what they are looking to accomplish with ...