According to the latest Yardi Matrix Multifamily Report, 2024 multifamily finished the year on the downswing, with the average U.S. advertised rent falling $4 nationally in December to $1,742. Year-over-year rent growth, which remains positive albeit weak, was down 10 basis points to 0.6%.  However, Yardi says the trends that shaped 2024 remained in place to the end, with demand staying robust throughout the year in most regions. “The market enters 2025 walking a tightrope, with heavy supply growth balanced by equally strong demand. Clearly, 2025 promises change. Starts have dropped, and completions will wane soon. On the demand side, absorption will be boosted by healthy job growth and demographics..” Click here to read the full report at Yardi.   The post Yardi Says Multifamily Finished 2024 on the Downswing appeared first on Real Estate Investing Today.

A new report from Zillow reveals their top housing markets for 2025.  And, at the top of that list is Buffalo, NY.  Zillow says relative affordability and few homes for sale are common threads among what should be the most competitive markets for buyers this year.   Be sure to check out the complete list which includes the top 50 cities. “Construction that keeps pace with an area’s growth remains a crucial piece of keeping homes available and accessible. In chilly Buffalo, competition among buyers will remain hot, with employment growing far faster than builders are adding homes…Shoppers nationwide should see more options for sale than in recent years, along with slow and steady price growth. That’s the good news. But both buyers and sellers should expect unpredictable mortgage rates.”  Said Skylar Olsen, Zillow chief economist. Buffalo, Indianapolis and Providence head Zillow’s 2025 list of hottest housing markets, where competition among …

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in December, 2024.  The all items index was up 2.9% for the 12 months ending in December.  The index for shelter rose 0.3% in December, accounting for nearly forty percent of the monthly all items increase. Click here to read the full release at the Bureau of Labor Statistics.   The post Inflation Up 2.9% Year-Over-Year appeared first on Real Estate Investing Today.

The Visual Capitalist says gas prices vary across state lines due to factors such as local taxes, environmental regulations, reliance on local production or imports, and proximity to refineries.  Not surprising, Hawaii, California, Washington Oregon and Nevada lead the U.S. in gas prices.  Indeed…Stay safe and have a Happy Friday!!! Hat tip to the Visual Capitalist.   The post How Much Americans Spend on Gas in Each State appeared first on Real Estate Investing Today.

Growth indicators can reveal the U.S. regions primed for growth Homes are in short supply in the U.S. But this reality is not because construction has come to a standstill. In fact, depending on where you look, it can seem like new homes are being built on every corner. There just aren’t enough yet to satisfy demand.   With demand for housing still high, the question that everyone has is: Where will development start next?  Using growth indicators that measure the telltale signs signaling upcoming construction, CoreLogic found the following metropolitan statistical areas (MSAs) are primed for development:  Lakeland, FL  Austin, TX  Raleigh, NC  Dallas, TX  Port St. Lucie, FL  San Antonio, TX  Wilmington, NC  Cape Coral, FL  Boise City, ID  Las Vegas, NV  What Can You Expect From the Housing Market in 2025? Looking at the top 20 metro areas that are showing signs of future growth, it is noteworthy …

A new report from Redfin says renters are moving less than ever, with a third staying in the same home for at least 5 years.  They say the soaring cost of buying a home has pushed many to stay put for longer and the high cost of moving has also discouraged renters from moving regularly.  To produce their report, Redfin analyzed 2023 renter tenure data from the U.S. Census Bureau. “Monthly mortgage payments have nearly tripled over the past decade, preventing many renters from being able to buy a home…Rents spiked during the pandemic, but have stayed relatively flat over the past two years as home prices and mortgage rates continued to climb. That has encouraged renters to stay in the same home, where they are less likely to face major rent increases. The recent construction boom has also led to a record number of new apartments hitting the market, …

A Conversation With John Rogers Imagine a world where every piece of property tells a story—where every plot of land, building permit, and insurance claim contributes to a dynamic narrative that evolves over time. In the first episode of Season 5 of Core Conversations, you are invited to step beyond the ordinary view of properties as an amalgamation of square footage and floor plans to uncover the living, breathing essence of property. Join host Maiclaire Bolton Smith and CoreLogic’s Chief Data and Analytics Officer John Rogers as they take you on a journey into the $45 trillion real estate market — America’s largest and most influential asset class. Discover how every event in a property’s lifecycle, from its beginning as raw land to construction and finally its role in society  — as well as everything in between like its vulnerabilities to climate risks — shapes its unique story. Keep Pace …

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 3.4% in November, 2024.  CoreLogic predicts that home prices will increase 3.8% through November 2025.  In addition, they say despite pockets of decline, national prices are continuing to trend upward, even in the off-season. “Heading into the end of the year, home prices remained relatively flat though showing some marginal improvement from the weakness seen moving into the fall and following the cooling of homebuyer demand amid the summer mortgage rate surge. Nevertheless, the cooling home price growth trend is expected to continue well into 2025, partly due to the base effect and comparison with strong early 2023 price appreciation and partly due to higher mortgage rates coming into this year and the expectations of higher rates over the course of 2025.” said Dr. Selma Hepp, chief economist for …

According to the ADP National Employment Report for December, 2024, private sector employment increased by 122k jobs and annual pay was up 4.6% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees. “The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains…Health care stood out in the second half of the year, creating more jobs than any other sector.”  Said ADP chief economist Nela Richardson. Click here to read the full report at ADP.   The post ADP National Employment Report – December 2024 appeared first on Real Estate Investing Today.

Last week we saw the leading states for U-Haul rentals.  Today we’re looking at their top metro areas.  According to the latest U-Haul annual Growth Index, the Dallas-Fort Worth-Arlington metroplex, is U-Haul’s leading 2024 Growth Metro.  In addition, Charlotte, Phoenix, Lakeland and Austin made up the top five U.S. growth metros, seeing the largest net gains of one-way equipment rentals.  U-Haul’s Growth Index was compiled from over 2.5 million one-way U-Haul truck, trailer and moving container transactions.  Indeed… “We are seeing unprecedented growth in the Dallas metro area, both within the city and also suburbs like McKinney, Plano and Addison…The cost of living is also extremely reasonable throughout the whole metro. Job growth has led to wages and earnings going up, and tax breaks have led to a lot of people moving to the area.”  Said  Sean Fullerton, U-Haul Company of South Central Dallas president. 2024 Top 25 U-Haul Growth …