Real Estate Note Investing News

The U.S. government is reporting that total construction spending in January was at a seasonally adjusted annual rate of $1,525.5 billion, which is 1.7% above than December’s revised estimate.  In addition, December’s figure was 5.8% higher than January, 2020.  Residential construction was at a seasonally adjusted annual rate of $713 billion in January, which is 2.5% higher … [Read more...] about Construction Spending Up 1.7% in January – Real Estate Investing Today

The National Association of Realtors is reporting that pending home sales were down 2.8% in January, 2021.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell slightly to 122.8.  In addition, they report that year-over-year contract signings were up 13%.  Again….inventory, inventory, inventory [a lack thereof]. “Pending home sales … [Read more...] about Pending Home Sales Down 2.8% in January – Real Estate Investing Today

In late February, a federal judge in the Eastern District of Texas ruled that the CDC’s moratorium on evictions was unconstitutional.  According to the Business Insider, U.S. District Judge John Barker said that the creation of such a moratorium criminalizes the use of state legal proceedings to vindicate property rights as well as the possibility that federal agencies could … [Read more...] about Federal Judge Rules CDC Eviction Moratorium Unconstitutional, DOJ Appeals – Real Estate Investing Today

The U.S. Government is reporting that sales of new single-family houses in January, 2021 were at a seasonally adjusted annual rate of 923k which is 4.3% higher than December’s revised rate and is 19.3% higher than one year ago.  The median sales price of new houses sold in January was $346.400 with an average sales price of $408,800.  There were an estimated 307k new houses for … [Read more...] about New Home Sales Up 19.3% Year-Over-Year – Real Estate Investing Today