In this every spooky edition of the weekly digs, We are seeing an interesting trend across the U.S. housing marking during the COVID-19 crisis. U.S. Home prices have been rising at the fastest rate in the past two years, signaling a recovery from last winter. However, the struggling rental market could usher in the next American Housing crisis, as millions of renters cannot pay rent, and the relief bills stall in congress. This and more below the fold.

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🔥 Highlighted Story

As Pending Home Sales Fall in September, Concerns Emerge About a Housing Rebound

• The housing market is still on track to see more sales in 2020 compared with last year, but the pace of the market’s recovery could be slowing.

🎧 Latest Podcasts

• BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson

  • Ashley “BadAsh” Wilson is back today to discuss how she’s shifted strategies since her popular first appearance on the show two years ago. Today’s topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and howwom

📖 Latest Blog Posts

From Calculated Risk’s Most recent posts

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• Real Personal Income less Transfer Payments
  • by Calculated Risk on 10/30/2020 09:41:00 AM
• Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased Slightly
  • by Calculated Risk on 10/30/2020 09:16:00 AM
• Personal Income increased 0.9% in September, Spending increased 1.4%
  • by Calculated Risk on 10/30/2020 08:38:00 AM
• Friday: Personal Income and Outlays
  • by Calculated Risk on 10/29/2020 09:08:00 PM
• October 29 COVID-19 Test Results
  • by Calculated Risk on 10/29/2020 06:58:00 PM

From Realtor.com’s Latest News

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• As Pending Home Sales Fall in September, Concerns Emerge About a Housing Rebound
  • The housing market is still on track to see more sales in 2020 compared with last year, but the pace of the market’s recovery could be slowing.
• U.S. Home Prices Rise at Fastest Pace in Two Years
  • The S&P CoreLogic Case-Shiller national home price index rose 5.7% over the past year.
• Struggling Rental Market Could Usher in Next American Housing Crisis
  • Some 30 million to 40 million people from New York City to San Francisco face potential eviction once moratoriums expire, according to estimates.
• New Home Sales Dip Slightly in September, but Remain Strong Going Into Fall
  • The market for new homes typically cools in the fall, but sales are still running well ahead of last year’s pace.

From Spark Rental’s Latest Blog Posts

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• Real Estate Contingencies: Everything Buyers & Investors Need to Know
  • Real estate investors and buyers need protection when entering a sales contract for hundreds of thousands of dollars. Price comprises just one piece of the puzzle. Buyers and sellers must agree on all aspects of the transaction, and contingencies in real estate offers…
• What Is Owner Financing? The Investor’s Guide to Seller Financing
  • Low interest rates and stock market uncertainty have set the real estate market sizzling in most of the US. With borrowers flooding lenders to take advantage of those low rates, and lingering economic weakness in the wake of the coronavirus pandemic, many lenders have…
• What Is an Accredited Investor? Why You Want to Become One ASAP
  • Do the rich have access to better investments than the rest of us? It turns out that they do, actually.  I once offered to invest money with a hard money lender I knew, who had an impeccable track record. He asked a simple question before taking the conversation any…
• Can You Roll Closing Costs into a Mortgage?
  • I hear new real estate investors and homebuyers ask all the time: “Can you roll closing costs into a mortgage?” The short answer is yes for refinance loans, no for purchase loans. But it’s not always possible even for refinances, and even when it is, that doesn’t mean…

From Bigger Pockets’ Top Popular Posts

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• How to Build Your Real Estate Portfolio Faster Using “The Stack”
  • By Brandon Turner
• Investor Spotlight: Prioritizing Financial Stability & Time Freedom—& Attaining It in Under 2 Years With Erin Helle
  • By BiggerPockets
• Meet the Investor: Cash Flowing Rentals Despite an Incredibly Expensive Market With Russell Brazil
  • By Alexander Felice

From PM Insider’s Latest Posts

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• Did Remote Property Management Work?
• Enlisting BI to Reduce Affordable Recertification Risk
• Senior Living Properties Celebrate the Unified Dashboard for Managing Every Kind of Payment
• Where Science Meets Art In Multifamily Investing: RealPage Market Analytics

🤓 From Reddit

From Reddits /r/RealEstate Subreddit

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• My MIL fell for an email scam closing on a house and wired $62K to scammers
  • current score on reddit: 431
• A reminder to ALWAYS have a thorough inspection and randomly look under your house
  • current score on reddit: 378
• UPDATE – I felt ready to buy a house, but my dad told me it’s a bad idea and now I don’t know how to feel
  • current score on reddit: 360