Existing-Home Sales Up 5.6% in November 12/22/17

Existing-Home Sales Up 5.6% in November 12/22/17

The National Association of Realtors is reporting that existing homes sales surged 5.6% in November to a seasonally adjusted annual rate of 5.81 million units.  The median existing-home price for all housing types in November was $248k, up 5.8% from November 2016 ($234,400) and marks the 69th straight month of year-over-year gains.

Zumper’s National Rent for December

Rental information site Zumper recently released their National Rent Report for December showing that the median national rent for 1-bedroom apartment was $1,233 (up 4.2%) and $1,392 (almost no change) for a 2-bedroom apartment.

ABC Predicts Stable Construction Economy in ’18

In their 2018 construction economic forecast, the Associated Builders and Contractors predicts there will be stability in the construction industry’s economy and expansion of nonresidential construction.

Housing Starts Up 3.3%, Permits Slightly Down

The U.S. Government is reporting that privately owned housing starts in November were at a seasonally adjusted annual rate of 1,297,000.  This number is 3.3%  above October’s revised estimate and is 12.9% higher than November, 2016.  Single-family housing starts in November were at a rate of 930,000; this is 5.3% above October’s revised figure of 883k.

Giving Holiday Gifts to Tenants

Do you give holiday gifts to tenants? How do you decide? Each week veteran landlord and property manager Hank Rossi answers questions from other landlords and property managers around the country about their rentals.

Puerto Ricans Moving to Central Florida in Droves

Puerto Ricans are moving to Central Florida in droves and they’ll need places to live. According to a recent story on Curbed.com, more than 239k Puerto Ricans have arrived in Florida since October (citing data from Florida’s State Emergency Response Team) making it the largest evacuation on this scale in Florida’s history.

Decade of Rental Housing Growth Coming to End?

In their latest America’s Rental Housing report, Harvard University’s Joint Center for Housing Studies says that a decade of unprecedented growth in rental housing may be coming to an end.

Find the Cost of Living for Any US City

One thing that holds rings true when you travel around the country are the differences in the cost of living from place to place (ever been to New York City???).  The folks over at Numbeo.com have put together an interesting site where you can enter the name of any U.S. city to see prices on a whole host of items as well as the ability to compare that data with other cities.

The Origins of Santa Claus

Infographic:  If you haven’t got your Christmas shopping done then you’d better get cracking!  In the meantime, here’s a handy graphic about the origins of Santa Claus and how the current incarnation of him came to be.  We hope you have a safe & happy holiday weekend as well as a Merry Christmas!  And of course, Happy Friday!

Mike Hurney
 

Mike Hurney is the Founder and Director of MassRealEstate.net, an Association of Contractors, Investors and Landlords. He is the Author and Coach of the popular Course "How to Become a Real Estate Investor in 12 Easy Lessons" which Trains and Guides Beginners or Sharpens and Challenges the Skill of Advanced Investors. Mike is a Successful Real Estate Investor, Rehabber and Landlord. He's also a Construction Supervisor. MassRealEstate.net PO Box 307, Marblehead, MA 01945 Office 781-631-8018

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