Key Takeaways: – Redfin predicts that 2024 will be a buyers’ market, with home prices expected to fall by 1% as supply outpaces demand. – Mortgage rates are predicted to decline throughout the year, but will remain high compared to pandemic-era lows. – Redfin anticipates significant changes in the real estate brokerage industry, with more…
Key Takeaways: – Individual mortgages can be bundled together into mortgage-backed securities (MBS) and sold to investors on the secondary market. – If a mortgage in an MBS bundle defaults or contains errors, there is a repurchase risk where the entity that sold the MBS is obligated to buy back the non-performing or defective mortgage…
Key Takeaways: – Investing in real estate can lead to massive wealth – It is a simple, repeatable process that many Americans have used to get rich – It takes knowledge and time to succeed – BiggerPockets is a resource for learning how to buy rental properties – Scott Trench, CEO of BiggerPockets, shares his…
Key Takeaways: – Real estate prices have been volatile, with a significant increase followed by a stall and flatline. – Rents skyrocketed in 2021 due to a lack of supply and delays in new construction caused by the pandemic. – Rent growth has been deterred by increased new supply and affordability limits. – People have…
Key Takeaways: – The housing market is expected to see a turnaround in 2024 after a slow year in home sales. – Home inventory is falling, with 556,000 single-family homes on the market, down 1.8% from the previous week. – Inventory is 1.2% higher than last year at this time. – The South has more…
Key Takeaways: – Prospective homebuyers are becoming less sensitive to home prices and high-interest rates – Fewer homebuyers are willing to wait for a better market to buy a home – Purchase activity has picked up, with an increase in sales of new single-family homes – Many homeowners are staying put and keeping their mortgages,…
Key Takeaways: – The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows a six-point drop in builder confidence, marking the fourth consecutive drop this year. – Builder confidence has fallen a total of 22 points since July and is currently at its lowest level since December 2022. – Ongoing building supply…
Key Takeaways: – Rising home prices have increased tappable home equity, but homeowners are hesitant to extract that wealth due to high interest rates. – Equity withdrawal rates have been below average, resulting in “missing” withdrawals that could have stimulated the economy. – Rising equity levels have contributed to low default and foreclosure activity. –…
Key Takeaways: – Vetted by HousingWire helps individuals find the best real estate schools in Illinois for obtaining a broker’s license. – There is a difference between a broker’s license and a managing broker’s license in Illinois. – The CE Shop is a highly rated real estate school in Illinois with a 96% student satisfaction…
Key Takeaways: – Purchase application data has shown four straight weeks of positive growth – Mortgage rates have fallen by almost 1% in a short time – The year-to-date count of positive purchase apps may end up being positive – Mortgage rates and the 10-year yield have both decreased – The 10-year yield closed below…
