This weeks 7/7/2017 Real Estate roundup!

National Home Price Index Sets Record for 5 Consecutive Months
For the month of April, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.5% annual gain.  Their 10-City Composite annual increase came in at 4.9% and their 20-City Composite posted a 5.7% year-over-year gain.
Cities with the Best & Worst Drivers
Bad drivers are seemingly everywhere.  And when pressed, we all probably consider ourselves good ones…right?  Well, the folks over at QuoteWizard recently ran the numbers for America’s most 75 populous metros to see which has the best and worst drivers.
Where are Millennials Buying Homes?
As the oldest millennials are entering their mid-30’s they find themselves front & center in the U.S. housing market due to being the largest living generation of adults in America, today.  But, are they finally moving from being predominate renters to homeowners?
May’s Construction Spending Up 4.5% from 2016

The U.S. Census Bureau is reporting that total construction spending in May was estimated at a seasonally adjusted annual rate of $1.2 trillion, which is 4.5% higher than May 2016.
The 20 Hottest Real Estate Markets
With inventories at record lows and home prices edging higher Realtor.com recently put out a list of the 20 hottest markets so far, this summer.  They looked at the nation’s biggest metro markets to determine with are buzzing with activity.
CoreLogic: Home Prices Up 6.6% in May
According to the latest CoreLogic Home Price Index Report, home prices across the country rose 6.6% year over year for May and are up 1.2% from April.  In addition, Corelogic predicts that home prices will increase by 5.3% on a year-over-year basis through May 2018.
Apartment Demand Surged to a Near-Record Highs in Q2
A new report from RealPage and Axiometrics says apartment demand surged to a near-record volume in Q2 2017, saying essentially that occupancy is full and the annual pace of rent growth has stabilized.
Great Photos Help Sell Real Estate
The old saying “a picture is worth a thousand words” is absolutely true. Great photos can help sell properties. But bad ones can drive potential buyers away before they even tour a property. Too many sellers and their agents give short shrift to photos. With just a little care and thought, anyone can take attractive real estate photos that entice buyers.
Best & Worst States to Make a Living
Infographic:  What are the best & worst states to make a living?  The folks over at MoneyRates.com ran the numbers and ranked our fifty states based on these five factors; cost of living, workplace safety, state tax burdens, median wages and unemployment rates.
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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