Key Takeaways: – 2022 was a historic year for housing with a significant home sales crash and mortgage rates increasing from 3% to 7%. – Despite expectations of a crash in home prices in 2023, prices quickly rebounded and reached all-time highs. – Mortgage rates increased to 8%, but the number of homes taking price…
Key Takeaways: – The future of homeownership options for underserved communities is uncertain – There are questions about how lawsuits and changes in the real estate industry will impact homeownership in these communities – Questions include whether buyer agent commissions will still be paid by sellers, if buyers will have to pay their own buyer…
Key Takeaways: – The Federal Reserve does not need to create a job-loss recession to control inflation – The Fed’s rate hikes and quantitative tightening policy disproportionately affected the housing market – Rate cuts are expected in 2024 – The U.S. economy has been recovering since April 2020 – Job openings reached 12 million in…
Key Takeaways: – Mortgage rates increased due to news of higher than expected job growth in November – The job growth is seen as a positive sign for the economy, but also raises uncertainty about future interest rate cuts by the Federal Reserve – Bond market investors are now less certain about the need for…
Key Takeaways: – Zillow predicts that more homeowners will list their homes as interest rates remain high, leading to an increase in housing supply. – With more supply, home price growth is expected to slow down, offering potential affordability boosts for buyers. – Urban areas are experiencing a resurgence in popularity, with rental demand surging…
Key Takeaways: – Employers increased hiring in November, with job gains of 199,000 compared to 150,000 in October. – The job growth aligns with recent months but remains below the average monthly gain over the previous year. – The positive job market may cause the Federal Reserve to reconsider its plans to cut interest rates…
Key Takeaways: – Despite unpredictable mortgage rates, there is a huge opportunity for real estate investors in 2024. – The BiggerPockets 2024 State of Real Estate Report provides insights and strategies for investors. – The residential real estate market entered 2023 in a correction, with slow sales and low affordability. – Rent growth has been…
Key Takeaways: – The housing market has experienced ups and downs in recent years, with low inventory being a current challenge. – Finding listing leads and winning over sellers is crucial in this market. – Traditional marketing methods like social media, mailings, and networking are commendable, but there are other strategies worth exploring. – SEO…
Key Takeaways: – Only 14 percent of Americans surveyed in November believed it was a good time to buy a home, a record low. – The survey was conducted when mortgage rates were high, and consumers expected them to continue climbing. – However, mortgage rates have since dropped, which may impact consumer sentiment in the…
Key Takeaways: – Democratic lawmakers in both the House and Senate have introduced bills to ban hedge funds from participating in the single-family housing market – Senator Jeff Merkley introduced the “End Hedge Fund Control of American Homes Act of 2023” to the Senate, while Representative Adam Smith introduced the House version – Representatives Jeff…
