{"id":162873,"date":"2023-11-30T12:40:05","date_gmt":"2023-11-30T19:40:05","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=162873"},"modified":"2023-12-29T01:11:07","modified_gmt":"2023-12-29T08:11:07","slug":"is-real-estate-still-a-reliable-inflation-proof-investment-heading-into-2024","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/is-real-estate-still-a-reliable-inflation-proof-investment-heading-into-2024","title":{"rendered":"Is Real Estate Still a Reliable, Inflation-Proof Investment Heading Into 2024?"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC1028773474\" width=\"100%\"><\/iframe>\r\n  \n\n\n\n\n<p class=\"wp-block-paragraph\"><em>This article is presented by Connect Invest. Read our&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/editorial-blog-guidelines\" target=\"_blank\" rel=\"noreferrer noopener\">editorial guidelines<\/a>&nbsp;for more information.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">In 2023, it\u2019s been off to the races as everyone pondered: What will climb higher, faster\u2014<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/what-is-a-mortgage\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">mortgage<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;rates or&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/on-the-market-133\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">home prices<\/span><\/a><span data-preserver-spaces=\"true\">? Typically, the two work inversely and help offset one another, but in an unprecedented circumstance, both mortgage rates hit record highs as housing prices continued to swell. However, nearing the end of 2023, the race\u2019s direction seems to be slowing and taking a turn, as mortgage rates have trended downwards and quickly.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">This series of events begs the question: Will real estate still be a worthwhile, inflation-proof investment in 2024? Short of shaking our Magic 8 Ball, we\u2019ll look at informative statistics and review what experts expect moving forward. That way, you\u2019ll be able to make an informed decision about whether to invest in real estate in the coming year. (Spoiler alert: It\u2019s looking good, and you\u2019ll soon see why.)&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Let\u2019s Talk About Now: The Current Market&nbsp;<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Before we dive into the future, let\u2019s talk about what we know now by reviewing some key housing market statistics provided by the&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.nar.realtor\/newsroom\/existing-home-sales-fell-2-0-in-september\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">National Association of Realtors (NAR)<\/span><\/a><span data-preserver-spaces=\"true\">:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Median home sale price:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;In September, the median existing-home sales price increased by 2.8% year over year to $394,300 (the third consecutive month this number rose).<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Housing inventory:<\/span><\/strong><span data-preserver-spaces=\"true\">&nbsp;At the end of September,&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.nar.realtor\/newsroom\/existing-home-sales-fell-2-0-in-september\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">1.13 million units<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;were registered, signaling a 2.7% uptick from August but an 8.1% decrease from a year prior. At the current sales pace, unsold inventory sat at a 3.4-month supply (up from August at 3.3 months).&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As you may know, the housing market is highly dependent on the Federal Reserve\u2019s (the Fed) set rate, which has been high as the Fed continues raising it to combat high inflation rates.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Since interest rates kept rising, borrowing costs (mortgage rates) were considered too high, squeezing the market for homebuyers and dissuading existing homeowners from making a sale that would forgo their locked-in lower rates.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As of October 2023, the inflation rate was 3.2%, which was still higher than the Fed\u2019s desired rate of 2%. But, as the inflation rate has been growing slower than expected, many believe that the tide will shift and that the&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/fomc-meeting-november-2023\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Fed has finished raising rates<\/span><\/a><span data-preserver-spaces=\"true\">.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Moving into 2024, with mortgage rates expected to cool, Lawrence Yun, chief economist at the NAR, said in a press release, \u201cRetreating mortgage rates will bring more buyers and sellers to the market and get Americans moving again.\u201d He predicts home sales will rise by as much as 15% next year. And that\u2019s great news for real estate investors.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Moving Forward: As Mortgage Rates Decrease, Demand Climbs<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As the calendar moved from October to November, interest rates rapidly receded after rising so quickly. With mortgage rates declining, mortgage demand moved in the opposite direction.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">On Nov. 15, the&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2023\/11\/15\/mortgage-demand-at-highest-level-in-5-weeks-after-interest-rates-fall.html\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Mortgage Bankers Association reported<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;that mortgage demand reached its highest levels in five weeks, rising by 2.8% over the prior week. Marking the second week of gains, the 30-year mortgage rates sank to&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.investopedia.com\/mortgage-rates-plummet-sinking-30-year-average-to-lowest-level-in-8-weeks-8402112\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">7.77%<\/span><\/a><span data-preserver-spaces=\"true\">, its lowest level in roughly two months.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">In 2023, mortgage rate volatility continued to make headlines, and rightfully so, because the rise and subsequent fall happened quite literally overnight. Mortgage rates fluctuate so much because they depend on many ever-changing variables, including:&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">The bond market<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">The Fed\u2019s interest rate and monetary policy&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Mortgage demand&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Housing inventory, construction supply, demand, and costs&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Mortgage lender competition&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">10-year Treasury yields<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Fed policy<\/span><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/what-the-consumer-is-telling-us-about-the-economy\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Consumer spending<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Current employment rate&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Along with macroeconomic considerations, personal borrower factors also determine what mortgage rate a lender is willing to offer, which is all based on the borrower\u2019s level of risk. A few factors that shape the mortgage rate for homebuyers include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/breaking-down-the-location-location-location-principle-in-real-estate\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">The home\u2019s location<\/span><\/a><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">The price of the home&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">The borrower\u2019s&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/credit-score-buy-house\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">credit score<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;and history&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Loan term&nbsp;<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Interest rate type (fixed or adjustable)<\/span><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/down-payment\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Down payment amount<\/span><\/a><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/loan-to-value-ratio\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Loan-to-value (LTV) ratio<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/what-is-debt-to-income-ratio-dti\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Debt-to-income (DTI) ratio<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">To Cut or Not to Cut: Expectations for the Fed Rate in Mid-2024&nbsp;<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As the housing supply remained relatively low and prices\/mortgage rates were sky-high, the market favored sellers, who held the upper hand. Many homebuyers were priced out, waiting on the sidelines for the situation to shift. Experts and economists predict that mid-2024 will be the time at which everything will change.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Per the&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.fool.com\/investing\/2023\/10\/17\/interest-rate-fall-2024-time-buy-real-estate-stock\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">CME Group\u2019s FedWatch tool<\/span><\/a><span data-preserver-spaces=\"true\">, \u201cInvestors predict the Federal Reserve will cut rates in June, September, and December 2024.\u201d Along with spurring homebuyers to enter the market, given the lower interest rates, the overall economy stands to gain from this forecast.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Lowering interest rates means that the cost of borrowing money is lower, too. As a result, consumer and business spending is boosted, stimulating economic growth.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">The U.S. government&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.reuters.com\/markets\/us\/traders-see-no-more-fed-rate-increases-cuts-start-may-2023-11-14\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">shared a report<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;on consumer prices in October, which depicted that the Consumer Price Index saw a 3.2% rise year over year after having risen by 3.7% in September. Along with slowing inflation rates, economists expect rising interest rates to be behind us.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">A Look at the Real Estate Market in 2024, and Historically as an Investment<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Lower mortgage and interest rates usher in an era of higher demand on behalf of buyers, developers, and investors. With lower borrowing costs and more affordable construction supply costs, the supply of homes on the market is also set to increase.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As a result, the housing shortage, high mortgage rates, and high prices that have plagued the real estate market in 2023 can be expected to be tempered in 2024. When homebuyers face these upsides, real estate investors do, too.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As a real estate investor, you\u2019ll have greater negotiation power to purchase real estate at lower costs than the listing price. Lower interest rates also translate to higher demand, spurring higher home prices for resale.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">This is good news because real estate has historically been a high-yielding investment choice. Here are a few reasons why real estate investing provides such a strong&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/what-is-roi-in-real-estate\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">return on investment (ROI)<\/span><\/a><span data-preserver-spaces=\"true\">:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Inflation-proof:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Compared to a traditional bank account, real estate is much more resistant to inflation. As inflation rates rise, so do rental prices, meaning that you can earn a steady income even with economic fluctuations.&nbsp;<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Diversification:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">By investing in income-earning assets, you have the power to&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-the-best-real-estate-investors-diversify-their-portfolios\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">diversify your portfolio<\/span><\/a><span data-preserver-spaces=\"true\">. To maximize returns, you can spread your investment across different properties to mitigate potential losses.&nbsp;<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Long-term growth:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Real estate investing positions you for long-term growth. When the cost of homeownership rises (i.e., mortgage rates), the price for rentals increases as the demand for renters grows in response.&nbsp;<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">High returns:&nbsp;<\/span><\/strong><span data-preserver-spaces=\"true\">Bank accounts, whether checking or savings, tend to offer low interest rates or no interest yield at all, no matter the principal amount. Real estate tends to deliver&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-vs-stocks-performance\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">higher average annual returns<\/span><\/a><span data-preserver-spaces=\"true\">.&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Launching Your Real Estate Portfolio<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">The future for real estate investment looks bright. Even if you\u2019re looking to get started as a real estate investor for the first time, you should know that the market is accessible to everyone, not just those who can afford to purchase and manage entire properties.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">You can begin investing in the market with Connect Invest. Connect Invest offers short-note investment opportunities in both residential and commercial real estate sectors. For a minimum of just $500, investors can put their money into real estate debt securities used to fund diversified and collateral-backed real estate projects.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As an investor, you can invest for six, 12, or 24 months. Once the investment has reached its maturity date, you can either cash out the gains or reinvest your profits. With no overhead or account fees, you can begin earning monthly passive income from interest payments with liquidity and mitigated risk.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">The outlook for the real estate market in 2024 is looking up\u2014isn\u2019t it time for your pockets to do the same?<\/span><\/p>\n\n\n\n<div class=\"wp-block-group border border-gray-200 p-6 rounded-md has-slate-50-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n    \n  <div \n    id=\"segemnt-view-event-block_624f52525847f\" \n    class=\"  \"\n    x-intersect:enter.once=\"\n      analytics.track('DoorLoop Blog Sponsor View', {\n        referrer: 'https:\/\/www.biggerpockets.com\/blog\/is-real-estate-still-a-reliable-inflation-proof-investment-heading-into-2024',\n              })\n    \">\n    \n  <\/div>\n  \n\n\n<h3 class=\"wp-block-heading has-text-align-left mt-0\"><strong>This article is presented by Connect Invest<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"66\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/09\/Connect_Invest_Logotype_Green-1024x66.png\" alt=\"\" class=\"wp-image-159085\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/09\/Connect_Invest_Logotype_Green-1024x66.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/09\/Connect_Invest_Logotype_Green-300x19.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/09\/Connect_Invest_Logotype_Green-768x49.png 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/09\/Connect_Invest_Logotype_Green-1536x99.png 1536w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/09\/Connect_Invest_Logotype_Green-2048x132.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Your connection to private real estate investing<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Connect Invest is an online investing platform that provides opportunities for short-term investments. These investments contribute to a diverse portfolio of real estate projects, encompassing both commercial and residential developments at various stages.<\/p>\n\n\n\n<div id=button-custom-event-block_63c9a33918e17 class='button-custom-event'>\n      <a href=\"https:\/\/www.connectinvest.com\/?utm_campaign=Bigger%20Pockets%20Launch&#038;utm_source=biggerpockets&#038;utm_medium=referral&#038;utm_content=blog\" x-on:click=\"window.analytics.track(&#039;Sponsored Blog CTA Click&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/is-real-estate-still-a-reliable-inflation-proof-investment-heading-into-2024&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\" rel=\"noopener\">Learn More About Connect Invest<\/a>\n  <\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Will the housing market be strong enough next year to make it a good investment decision? Read more to find out.<\/p>\n","protected":false},"author":613702,"featured_media":162251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4433,7119],"tags":[],"class_list":["post-162873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","category-biggerpockets-daily"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/162873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613702"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=162873"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/162873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/162251"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=162873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=162873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=162873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}