Weekly Market Observations - August 21, 2024
Wednesday, August 21
Here’s Our Weekly Market Observations : Inflation slows to 2.9% with YOY CPI in June at 2.9%Goldman Sachs reduces their recession prediction down from 25% to 20%Average 30-year fixed mortgage rates remain flat at 6.49%
Weekly Market Observations - August 15, 2024
Thursday, August 15
Here’s Our Weekly Market Observations : Pending home sales in June increased 4.8% MOM, but decreased 2.6% YOY Corelogic predicts home prices to increase 2.3% over the next 12 months Average 30-year fixed mortgage rates down to 6.47%
Winners And Losers
Tuesday, August 13
“Winners focus on winning. Losers focus on winners.” – Eric Thomas Evidence of this principle is clear in sports, but it’s a universal truth. As a real estate investor, focus on innovating, delivering value, and achieving your goals. Don’t get distracted by competitors and lose sight of your obj...
Weekly Market Observations - August 7, 2024
Wednesday, August 07
Here’s Our Weekly Market Observations : Jobs report below expectations as unemployment rises to 4.3%Texas claims 3 of the top 5 markets for apartment demand in Q2Multifamily starts increase in JuneAverage 30-year fixed mortgage rates down slightly to 6.73%
The BRRRR Strategy Is Dead???
Tuesday, August 06
The BRRRR strategy is dead... At least that's what I keep hearing, but is it true? The BRRRR strategy has been a popular method to buy houses with little to no money out of pocket. Nearly every single-family rental property I've owned was bought using BRRRR. So what changed that would have peopl...
Weekly Market Observations - July 31, 2024
Wednesday, July 31
Here’s Our Weekly Market Observations : Existing single-family home sales decrease 5.4% Median existing home sales price increases 4.1% YOY to $426,900 Single-family home inventory increases to 4.1 months Average 30-year fixed mortgage rates remain flat at 6.78%