Real Estate Investing

Today’s infographic from the Visual Capitalist reminds us that Airbnb has a market cap close to $90 billion, making them one of the largest businesses in travel & tourism.  They point out that nights & experiences booked by customers have shot up from 72 million in 2015 to 326 million in 2019 – with the gross dollar value of those bookings surging from $8.1 billion to … [Read more...] about The Business of Airbnb – Real Estate Investing Today

The National Association of Realtors is reporting that existing home sales were up 0.7% in December to a seasonally-adjusted annual rate of 6.76 million (up 22.2% from one year ago).  Total housing inventory at the end of December was 1.07 million units, down 16.4% from November and down 23% from one year ago.  Unsold inventory sits at an all-time low 1.9-month supply at the … [Read more...] about Existing-Home Sales Up Slightly – Real Estate Investing Today

With everyone bracing themselves for big changes in national taxes being ushered in with the Biden administration, a new report from the Tax Foundation reminds us that many states had changes in their tax codes that began in the new year.  In fact, 26 states and the District of Columbia had notable tax changes at the beginning of 2021 – many of which were directly adopted by … [Read more...] about Changes in State Taxes Effective in January – Real Estate Investing Today

The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,669,000, which is 5.8% above November’s revised number.  December’s rate for units in buildings with five units or more was 312k.  Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of … [Read more...] about Housing Starts & Permits Up in December – Real Estate Investing Today

The Wall Street Journal (reposted on Realtor.com) is reporting that renters in New York City owe in excess of $1 billion in unpaid rent during the Coronavirus pandemic, according to data from a recent survey.  The WSJ says this figure is the most recent indicator that unemployment benefits & federal stimulus packages have been inadequate to alleviate what they say is a … [Read more...] about NY City Renters Owe More Than $1 Billion in Unpaid Rent – Real Estate Investing Today