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National REIA Presidents Real Estate Investing Today Highlights

10/01/2023 10:54 PM | Anonymous

Existing-Home Sales Down 0.7% in August

The National Association of Realtors is reporting that existing home sales were down 0.7% in August to a seasonally-adjusted annual rate of 4.04 million (down 15.3% year over year).  Click here to read more.

New Home Sales Down 8.7% in August

The U.S. Government is reporting that sales of new single-family houses in August, 2023 were at a seasonally adjusted annual rate of 675k, which is 8.7% lower than July’s revised rate and is 5.8% higher than one year ago.  Click here to read more.

Housing Starts Crater in August

The U.S. government is reporting that privatelyowned housing starts in August were at a seasonally adjusted annual rate of 1,283,000, which is 11.3% below than July’s revised number and is 14.8% lower than one year ago.  Click here to read more.

Flipping Activity Drops but Profits Rise

According to the latest U.S. Home Flipping Report from ATTOM, 84,350 single-family houses and condominiums were flipped in Q2, 2023 representing 8% of all home sales in the first quarter.  Click here to read more.

Black Knight Says Early-Stage Delinquencies Continue to Trend Up

According to Black Knight’s latest Mortgage Monitor, the total U.S. loan delinquency rate (loans 30 days+ past due but not in foreclosure) as at 3.17% in August, up by 4 basis points and is nearly a full percentage point below its 2015-2019 same-month average.  Click here to read more.

Calculate the Value of $1 Dollar over the Years

Each month we post inflation data (CPI) from the U.S. Bureau of Labor Statistics.  Recently we came across an interesting site that allows you to calculate inflation for any year as well as comparing the value of a dollar with various years.  Click here to read more.

Attitude Adjustment

Jane Garvey says attitude can make or break you. We all have times in our lives where it is tempting to doubt ourselves and our abilities. Many of us also fall into the trap of externalizing control. It may be tempting to think we are a victim when people do something, intentional or not, that harms us.  When others, or even circumstances, force a change to our routine our immediate reaction is sometimes to feel angry or put upon. No matter what is happening, you have the choice of your attitude. You have the ability to do better.  Click here to red more.

Where Gas is the Cheapest & Most Expensive

Infographic:  Statista says gas prices vary widely across the United States. State-specific costs for transportation and distribution can drive up prices, like in Alaska & Hawaii.  However, state taxes also play a large role, for example explaining the price of gasoline in a high-tax state like California.  Click here to read more.

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