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: – High upfront costs of a home purchase and rising home prices and mortgage rates are leading to longer periods before making a profit on a home purchase. – The percentage of the down payment affects the time it takes to make a profit, with higher down payments resulting in a shorter timeline….
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: – 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…
Key Takeaways: – The old way of doing business is over and it’s time to adapt to new market challenges and opportunities. – Inman Connect New York is an event where you can learn and prepare for the future. – Inman Top 5 provides a quick catch-up on the most essential stories of the week….
Key Takeaways: – The old way of doing business is over and it’s time to prepare for tomorrow’s opportunities. – The real estate market has faced challenges such as legal troubles, inflation, and difficulty finding clients. – The Federal Reserve’s interest rate increases have made buyers and sellers hesitant. – Good news on interest rates…
Key Takeaways: – Federal Reserve Chair Jerome Powell dismissed speculation that the central bank might begin lowering interest rates in the spring, emphasizing the Fed’s commitment to bringing inflation down to 2 percent. – Bond market investors interpreted Powell’s remarks as “jawboning” to prevent interest rates from falling too rapidly without the Fed having to…
