The Salary You Need to Buy a Home Across America
The Visual Capitalist says depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In their graphic today, they illustrate the annual salary needed for home ownership in 50 different U.S. cities. Stay safe and have a Happy FridaRead More
U.S. Construction Spending Up 1.1% in June
The U.S. government is reporting that total construction spending in June, 2022 was at a seasonally adjusted annual rate of $ 1,762.3 billion, which is 1.1% higher than May’s revised estimate and 8.3% higher than one year ago. Residential construction came in at a seasonally adjRead More
Despite Pleas from Landlords, Los Angeles Extends Ban on Evictions
Los Angeles’ Channel 7 (KABC) is reporting that, despite pleas from frustrated landlords, the Los Angeles City Council voted 11-1 in late July to extend the city’s emergency declaration allowing their eviction moratorium to continue indefinitely. KABC also said Read More
Zumper’s National Rent Report for July ’22
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in July, 2022 was $ 1,450 (up 2% from June) and the median two-bedroom rent was $ 1,750 (up 2% from June). Be sure to checkRead More
Here is an Ounce of Prevention
Here Is an Ounce of Prevention By Jeffrey S. Watson The second half of 2021 real estate taxes will be due and owing either this week or the next for many of you. I want to share something I have noticed recently. I have had three similar cases come across my desk in the last fiveRead More
FHFA Says Home Prices Up 18.3% from 2021
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 1.4% in May and were up 18.3% from May 2021 to May 2022. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes inRead More