Institutional Buyers Accounted for 13% of Residential Sales A new analysis of institutional home buyers and their impact on single-family properties conducted by the National Association of Realtors Research Group found that this segment of buyers comprised 13% of the residential sales market in 2021. Read More DS News https://dsnews.com/daily-dose/07-06-2022/institutional-buyers-residential-sales-2021
Read MoreAuthor: BrianAnthony
Invest NH Will Provide $100 Million in Housing Funds
Invest NH Will Provide $100 Million in Housing Funds The fund, which comes from federal American Rescue Plan money, will provide grants to expand and accelerate housing construction across the state. Read More Concord Monitor https://www.concordmonitor.com/InvestNHHousingFund-cm-070622-47090743
Read More7/8/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY June planned job cuts rise to highest total since February 2021 U.S.-based employers announced 32,517 cuts in June, a 58.8% increase from the 20,476 cuts announced in the same month last year and 57% higher than the 20,712 cuts announced in May. June marks the highest monthly total since February 2021, when 34,531 cuts were announced. It is the second time this year that cuts were higher in 2022 than the corresponding month a year earlier. https://www.challengergray.com/blog/job-cuts-surge-in-june-2022-up-57-from-may-59-from-june-2021-highest-quarterly-total-since-q1-2021/ June U.S. business activity rose in…
Read MoreNeal Communities Celebrates Opening of SkySail in Naples
Neal Communities Celebrates Opening of SkySail in Naples Southwest Florida’s largest private homebuilder, Neal Communities, recently celebrated the grand opening of SkySail, a 1,500-single-family-home community on 642 acres off Oil Well Road in Naples. Read More Bonita Springs Florida Weekly https://bonitasprings.floridaweekly.com/articles/neal-communities-celebrates-opening-of-skysail-in-naples/
Read MoreBiden Administration Announces $2.3 Billion for States and Tribes to Strengthen and Modernize America’s Power Grid
Biden Administration Announces $2.3 Billion for States and Tribes to Strengthen and Modernize America’s Power Grid President Biden’s Bipartisan Infrastructure Law provides historic investments to build state and tribal electricity grids resilient to climate change, deploy cheaper and cleaner energy Read More U.S. Department of Energy https://www.energy.gov/articles/biden-administration-announces-23-billion-states-and-tribes-strengthen-and-modernize
Read MoreOver $3.6 Million in Infrastructure Improvements Coming to Gerald R. Ford International Airport
Over $3.6 Million in Infrastructure Improvements Coming to Gerald R. Ford International Airport The funding will go toward expanding the airport’s snow removal equipment building, as well as reconstructing existing airport service roads, runway lighting systems, and the aircraft rescue and firefighting building. Read More WHTC https://whtc.com/2022/07/01/over-3-6-million-in-infrastructure-improvements-coming-to-gerald-r-ford-international-airport/
Read MoreHome Sellers Are Slashing Prices in Sudden Halt to Pandemic Boom
Home Sellers Are Slashing Prices in Sudden Halt to Pandemic Boom The rapid rise in mortgage rates is cooling demand, jolting markets from coast to coast. Read More Bloomberg https://www.bloomberg.com/news/articles/2022-07-01/will-home-prices-fall-sudden-housing-turn-has-sellers-paring-expectations
Read MoreComing Baby Boomer Mortality Rates to Have Minimal Impact on U.S. Housing Supply, Prices
Coming Baby Boomer Mortality Rates to Have Minimal Impact on U.S. Housing Supply, Prices More than four million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners, but sustained homebuyer demand from population… Read More World Property Journal https://www.worldpropertyjournal.com/real-estate-news/united-states/chicago-real-estate-news/real-estate-news-baby-boomer-home-sales-trends-mortgage-bankers-association-research-institute-for-housing-america-who-will-buy-the-baby-boomers-homes-13189.php
Read MoreU.S. Housing Hold-Ups Put Thousands of Jobs on the Line
U.S. Housing Hold-Ups Put Thousands of Jobs on the Line As many Americans put off buying a home, mortgage lenders, refinancing companies and real-estate brokers are to lay off thousands of employees in the coming months. Read More Reuters https://www.reuters.com/markets/us/us-housing-hold-ups-put-thousands-jobs-line-2022-07-01/
Read More7/7/22 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY May job openings fall 3.9 percent, but still over two open positions per unemployed person The number of job openings decreased 3.9 percent to 11.3 million on the last business day of May. Hires and total separations were little changed at 6.5 million and 6.0 million, respectively. Within separations, quits (4.3 million) and layoffs and discharges (1.4 million) were little changed. With 5.9 million officially unemployed persons, that leaves 2.12 open jobs per person, or an overhang of 5.3 million jobs. https://www.bls.gov/news.release/jolts.nr0.htm Purchase…
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