Looking to relocate? Forewarned is fore armed.
Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments
Monthly State Retail Sales, January 2019 to May 2021 The U.S. Census Bureau has released a new experimental data product that features modeled state-level retail sales. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/monthly-state-retail-sales-january-2019-to-may-2021
When President Joe Biden released his $1.8 trillion American Families Plan in April, one of the ways he proposed to pay for the increased federal spending was to limit the Internal Revenue Code Section 1031 like-kind exchange deferral amount to $500,000. Original source: https://www.nar.realtor/commercial-connections/the-juice-isnt-worth-the-squeeze
Housing Affordability Continued to Improve in August At the national level, housing affordability increased for the second consecutive month in August compared to the previous month. By: Michael Hyman Original source: https://www.nar.realtor/blogs/economists-outlook/housing-affordability-continued-to-improve-in-august
Passage of the Bipartisan Infrastructure Bill We look forward to working with Congress and the administration to ensure provision of affordable housing and equal access to credit in America. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-statement-on-the-passage-of-bipartisan-infrastructure-bill
Dan Weisman, NAR’s director of emerging technology, told the audience that $25 billion per year is being invested in proptech across the globe and $10 billion of that is being invested in the United States. Original source: https://www.nar.realtor/newsroom/emerging-tech-takes-center-stage-at-realtors-conference-and-expo