Podcast: The Changing Opportunities in Single Family Rentals
The single family marketplace is at a pivotal point … And with that comes a whole slew of opportunities for investors!
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Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue.
As mortgage rates have risen this year, the buyer demand for homes has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the tenth straight month in October. The decline in builder sentiment reflects what economist Ian Shepherdson describes as “housing … in free fall.
Newsfeed: Are Rent Controls Coming?
As mentioned in a previous post, when I have looked at previous right to left, and left to right political swings, they seem to happen globally, and they seem to happen roughly at the same time. A global shift left happened in the 1930s, and kept shifting until 1970s, when it began to shift back to the right. We are now well into a shift back to the left, that began in 2016. As also highlighted, modern democracies are filled with checks and balances to slow political shifts, but they still happen.
Newsfeed: Homeownership Still Unaffordable Across Most of U.S. But Declining Home Prices May Provide Relief for Homebuyers
Major Home-Ownership Costs Require 30 Percent of Average National Wage in Third Quarter of 2022; But Portion of Wages Needed for Home Ownership Dips as Home Prices Decrease Quarterly, to $340,000; Historic Affordability Remains Worse Than Average Almost Everywhere Across Nation
Newsfeed: 30-Year US Mortgage Rises Above 7% For The First Time Since 2000; Fastest Surge In History
Less than two weeks ago we cited Freddie Mac according to which the average 30 year US mortgage just rose above 6% for the first time since 2008, with real-estate brokerage Redfin commemorating the move by saying that “This Is The Sharpest Turn In The Housing Market Since The 2008 Crash.” Well, just a few days later, Jeff Gundlach was so kind to point out this evening…
Newsfeed: Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again — but here’s why it’ll look nothing like 2008
Real estate investors have largely done well for the past few years. But with higher interest rates, things could be about to change. The U.S. Federal Reserve raised its benchmark interest rates by 0.75 basis points on Wednesday, marking the third such hike in a row.
Newsfeed: A mortgage with no down payment? Bank of America rolls out program in some Black, Latino areas
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Newsfeed: Mortgage demand falls even further, as rates shoot back up to July highs
Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.
Newsfeed: Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm.
Newsfeed: The U.S. housing market has gone cold 🥶
Low financing costs, excess savings, and a demand for more space during the pandemic fueled a frenzy in the housing market that sent home prices surging.