The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.4% annual increase for February, 2024.  Their 10-City Composite increased 8% and their 20-City Composite increased 7.3%, year-over-year. “U.S. home prices continued their drive higher.”  Said Brian D. Luke, Head of Commodities, Real & Digital assets at S&P DJI. Click here to read the full report at S&P Dow Jones Indices.   The post S&P CoreLogic Case-Shiller Says Prices Up 6.4% Year-Over-Year appeared first on Real Estate Investing Today.

According to data from the 2024 National Association of Realtors’ Home Buyers and Sellers Generational Trends Report, millennials are now the largest group of home buyers, marking a significant shift in the housing market’s demographic landscape.  The annual report examines the similarities and differences among recent home buyers & sellers across generations.  “Leading the charge” were younger millennials, whose proportion of first-time buyers increased from 70% to 75% over the past year. “The generational tug-of-war between millennials and baby boomers continued this year, with millennials rebounding to capture the largest share of home buyers…This notable rise is attributed to both younger millennials stepping into homeownership for the first time and older millennials transitioning to larger homes that suit their evolving needs.”  said Dr. Jessica Lautz, NAR deputy chief economist and vice president of research. Key highlights: Millennials surpass baby boomers and become the largest group of home buyers at 38%. …

According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 175k in April, 2024 with the unemployment rate rising to 3.9% (up 0.1 percentage points). Once again, employment in the government sector continued to climb with the BLS saying it increased by 51k, close to the average monthly gain of 54k over the past 12 months. Click here to read the full report at the Bureau of Labor Statistics.   The post U.S. Employment Situation – April 2024 appeared first on Real Estate Investing Today.

Podcast: Download Is it me or is no one talking about high U.S. debt levels anymore? Conventional wisdom has always been that high debt levels lead to inflation and the destruction of currencies, and money printing conjured up images of wheelbarrows full of worthless bills and economies in freefall. Then

ATTOM’s newly released Best Days to Sell A Home Analysis reveals that over the span of the last 13 years, the months of May, February, and April have consistently yielded the highest seller premiums in home sales – making this month the time to sell your home. According to ATTOM’s latest analysis of more than 59 million single-family home and condo sales spanning from 2011 to 2023, listing a property in May, February, or April often results in higher seller premiums. This data underscores that the period from early in the year through summer marks not only the peak season for home buying but also an advantageous time for sellers to showcase their properties. Therefore, now could be the opportune moment to consider placing your home on the market. In this post, we dive even deeper into the data behind the latest ATTOM analysis to uncover those top 10 days …

This week’s infographic is really a no-brainier.  It illustrates just a few of the awesome benefits of joining a real estate investors association, or REIA as they’re commonly known.  You really do get “a bang for your buck” when you become a part of a local community of real estate investors.  Click here to find a REIA near you!  As always, stay safe and have a Happy Friday!!! Click here to find a REIA near you! The post The Benefits of Joining a local REIA appeared first on Real Estate Investing Today.