The Real Estate News Brief: Home Buying Surge, Q3 Built-to-Rent Starts, Rent Impact on Paychecks

In this Real Estate News Brief for the week ending November 23rd, 2024… why home buyers are suddenly jumping back in, what the data shows about single-family built-to-rent homes, and what renters are doing to make sure they can pay their rent each month.   Hi, I'm Rich Fettke, filling in for Kathy on this episode of Real Estate News for Investors. When you get a minute, please leave a review for this podcast! It really helps us when people who appreciate our podcast share their opinions with newcomers.    We begin this News Brief with the latest economic news. The upcoming week will be packed with a number of reports despite the Thanksgiving holiday. That includes the Personal Consumption Expenditure index or PCE for October, which is the Fed's favorite inflation gauge. Looking back over the past week, the unemployment report shows that initial claims hit their lowest level in seven months, but the data suggests that it's taking much longer for the unemployed to find jobs. New jobless claims were down 6,000 from the week before, to a total of 219,000. Ongoing claims were higher, at 1.9 million... Links: JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/ FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe   References:    1 - https://www.marketwatch.com/story/jobless-claims-drop-to-seven-month-low-as-the-u-s-economy-plows-ahead-7d62fd78?mod=mw_latestnews   2 - https://www.marketwatch.com/story/new-home-construction-dips-in-october-f0404276?mod=mw_rss_topstories   3 - https://www.marketwatch.com/story/builder-confidence-index-jumps-to-7-month-high-after-trump-win-77e03e2f?mod=mw_latestnews   4 - https://www.marketwatch.com/story/existing-home-sales-rise-in-october-but-remain-at-a-low-level-3539eaca?mod=mw_latestnews   5 - https://www.marketwatch.com/story/election-leave-u-s-consumer-sentiment-frozen-republicans-excited-democrats-dispirited-9f794fad?mod=home-page   6 - https://www.freddiemac.com/pmms   7 - https://www.redfin.com/news/housing-market-update-homebuying-demand-jumps/   8 - https://eyeonhousing.org/2024/11/growth-for-single-family-built-for-rent-construction/   9 - https://www.redfin.com/news/survey-how-renters-afford-housing/