News

Delistings Hit Record High in November Redfin says a record 2% of all U.S. homes for sale were delisted each week on average during the 12 weeks ending November 20, compared with 1.6% a year earlier.  Cities they identified as “pandemic boomtowns” such as Sacramento, Austin and Phoenix saw the biggest jump in delistings with […]

Home Bought at Sheriff’s Sale has Decomposing Body of Former Homeowner in the Basement You never know what you’ll find in an old house that you’ve just purchased however a dead body in the basement usually isn’t on the list.  Recently, the buyer of a property at a Cuyahoga County (Cleveland, Ohio) Sheriff’s sale discovered

Double Dipping By Cummings Properties Not Allowed In Commercial Lease Dispute Appeals Court Rules That Liquidate Damages Clause Is Unenforceable Where It Allowed For Recovery of Rent For Remaining Term On Top of Rent Received From New Tenant If you enjoyed the famous Seinfeld episode where George Costanza was accused of “double dipping” his chips

Looking Back on 25 Years of Leading Michigan’s RPOA with Clay Powell On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Clay Powell, who will soon be retiring from Michigan’s Rental Property Owners Association after nearly 25 years of service. Clay looks back on the challenges

S&P CoreLogic Case-Shiller Index Shows 10.6% Annual Home Price Gain The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 10.6% annual gain for September, 2022.  Their 10-City Composite annual increase came in at 9.7% and their 20-City Composite posted a 10.4% year-over-year gain.  The increases in both measures were down from previous

Mortgage Delinquencies Up 4.5% in October According to the Black Knight’s First Look report for October, 2022, mortgage delinquencies were Up 4.5%, driven by a sharp 9.4% rise in 30-day delinquencies.  In addition they say foreclosure starts were initiated on 4% of existing serious delinquencies in October, up slightly from September but still less than

Zumper’s National Rent Report for November ’22 Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in November, 2022 was $ 1,491 (unchanged from October) and the median two-bedroom rent was $ 1,825 (down 0.4% from October).  Zumper says rent prices continue to

How Many Christmas Lights Do You Need to Light Up the Holidays? Well,  it is now December and Christmas will be here before you know it!  Our friends at The Home Depot put together this handy Christmas lights reference chart so you can have the brightest house on the block!  Happy Friday!!!! Hat tip to

Airbnb to allow Tenants to Host Apartments on their Platform Last week, we posted about how Airbnb rolled out new software to screen & prevent parties.  Now, CNBC’s Diana Olick says Airbnb has a new program that allows tenants to host their apartments on the Airbnb platform.  In fact, according to the Wall Street Journal,

Now that we are in the 4th quarter of 2022, it’s a good time to start looking at ways to reduce your 2022 tax liability. Even though you might not know your tax liability until you file your tax return in April (or October) of 2023, in order to take advantage of some key tax-saving