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Construction Employment Rises by 14k in August, Firms Still Shorthanded – Real Estate Investing Today

Posted on September 10, 2019 by Kim in Real Estate News

According to recent data from the Associated General Contractors of America, construction employment increased by 14k jobs in August and was up 177,000, or 2.4%, over the past 12 months.  In addition, they also report that the number of unemployed jobseekers with construction experience remained near historic lows.  AGC officials said that 80% of contractors […]

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Trump Administration Wants to Privatize Fannie & Freddie – Real Estate Investing Today

Posted on September 9, 2019 by Kim in Real Estate News

WSJ.com The Wall Street Journal is reporting (reposted on Realtor.com) that President Trump supports returning mortgage-finance giants Fannie Mae and Freddie Mac to private hands, which they say is a development that could keep the two companies at the center of the housing market for decades.  The WSJ said that if the administration follows through on privatizing […]

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U.S. Homeownership & Rental Vacancy Rates for Q2 – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

1 By Brad Beckett on July 30, 2019 News The U.S. government is reporting that national vacancy rates in Q2 2019 were 6.8% for rental housing and 1.3% for homeowner housing.  The national homeownership rate came in at 64.1%.  In addition, the report says that approximately 87.8% of the housing units in the U.S. were […]

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Pending Home Sales Up 2.8% in June – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

The National Association of Realtors is reporting that pending home sales increased 2.8% in June, which the attribute to favorable market conditions and predicted this is likely the start of a positive trend for home sales.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increased to 108.3 in June, up […]

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Construction Spending Down in June – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

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Building Permits Up 8.4%, Housing Starts Down 4% – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

The U.S. government is reporting that privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,191,000, which is 4% lower than July’s revised estimate.  Single‐family housing starts in July were at a rate of 876k, which is 1.3% higher than June’s revised figure.   July’s rate for units in buildings with five […]

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New Single-Family Home Sales Down 12.8% – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

1 By Brad Beckett on August 26, 2019 News The U.S. government is reporting that sales of new single-family houses in July, 2019 were 12.8% lower than June’s revised rate but were 4.3% higher than in July, 2018.  The median sales price of new houses sold in July was $312,800 and the average sales price […]

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Existing Home Sales up 2.5% in July – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

The National Association of Realtors is reporting that existing home sales were down 2.5% in July, which the NAR says is a positive reversal after total sales were down slightly in June.  According to their release, total existing-home sales (completed transactions that include single-family homes, townhomes, condominiums and co-ops) were up 2.5% from June to […]

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Labor Day Gas Prices Lowest in Years! – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

Filler’ up! The venerable automobile travel organization AAA says that not only will Labor Day’s average cost of gasoline be about 30 cents cheaper than Memorial Day, it will also be the least expensive American’s have paid for a gallon of gas at this time in three years!  They estimate that Americans will pay an […]

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S&P CoreLogic Case-Shiller: Home Price Increases Continues to Slow – Real Estate Investing Today

Posted on September 4, 2019 by Kim in Real Estate News

According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 3.1% annual gain in June, down from 3.3% in February.  Their 10-City Composite annual increase came in at 1.8% and the 20-City Composite posted a 2.1% year-over-year gain.  The S&P CoreLogic Case-Shiller Home […]

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