The Real Estate News Brief: Why Renters Prefer to Rent, Apartment Rental Concessions, Trend Reversal for Home Size

In this Real Estate News Brief for the week ending November 25th, 2023... you’ll find out why many Americans are choosing to rent, why apartment landlords are offering more concessions, and a trend reversal for home size.   We begin this episode with a few economic reports that were released before the Thanksgiving holiday on Thursday. The weekly unemployment report shows a drop in the number of people filing for benefits. New jobless claims were down 24,000 to a total of 209,000. It was the first time in eight weeks that initial claims were down. The number of ongoing claims also fell slightly to 1.84 million. As MarketWatch reports, the job market remains strong in spite of the Federal Reserve's efforts to slow down the economy by increasing the cost of money through higher interest rates. This supports the belief that rates will be higher for longer, at least until initial jobless claims increase substantially...   ...That’s it for today. You can get more details on these stories by following links in the show notes at newsforinvestors.com. You can also join RealWealth while you are there, and get access to information about real estate investing, including sample rental properties you could buy to create a portfolio of passive income. Please check under the Learn tab for links to webinars, articles, and past podcast episodes. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/jobless-claims-drop-to-five-week-low-of-209-000-1cfbd384?mod=economy-politics   2 - https://www.marketwatch.com/story/u-s-existing-home-sales-drop-in-october-to-lowest-level-since-2010-d9bac5b8?mod=economy-politics   3 - https://www.marketwatch.com/story/consumer-sentiment-improves-but-americans-still-worried-about-inflation-f2f5b2a8?mod=economic-report   4 - https://www.freddiemac.com/pmms   5 - https://www.wsj.com/economy/housing/houses-too-expensive-to-buy-underpin-lofty-rents-411c145f?mod=hp_lista_pos2   6 - https://markets.businessinsider.com/news/stocks/housing-market-supply-renters-concessions-perks-construction-inventory-home-multifamily-2023-11?_gl=1*lla9po*_ga*Nzc5Njc0NDkyLjE2NzU2OTg1NDA.*_ga_E21CV80ZCZ*MTcwMDUxNjg5NS45NS4xLjE3MDA1MTY5MzkuMTYuMC4w   7 - https://eyeonhousing.org/2023/11/home-size-trending-lower/