Weekly Market Observations - July 3, 2024
Wednesday, July 03
Here’s Our Weekly Market Observations : Pending home sales declined in May 2.1% MOM and 6.6% YOY Apartment sales drop to 10 year low Zillow estimates US housing shortage increased to 4.5 million New housing starts & permits continue to decline Average 30-year fixed mortgage rates down slight...
Exciting News
Monday, July 01
Exciting news... For years, 80 to 100+ investors attended the monthly Real Estate Hacking Live meetup. RHL featured tactical education and excellent networking opportunities for real estate investors of all experience levels. Unfortunately, like most events, RHL was canceled during COVID—until n...
Weekly Market Observations - June 26,2024
Wednesday, June 26
Here’s Our Weekly Market Observations : Existing home sale price in May is up 5.8% YOY to $419,300Housing inventory increased to 3.7 monthsMultifamily developers turn to value-add opportunitiesAverage 30-year fixed mortgage rates down slightly to 6.87%
This Mistake Cost Me - A Lot
Monday, June 24
This is a 7-figure lesson that I learned the hard way...Building momentum and creating success requires focus.When you're focusing on solving the right problem, results follow. Focusing on the wrong problem, however, is costly.For years, my wife and I focused on flipping houses. It was a great b...
Weekly Market Observations - June 19, 2024
Wednesday, June 19
Here’s Our Weekly Market Observations : Inflation slows in May with CPI and PPI below expectationsThe Fed holds rates and hints at only one rate cut this yearSouth and West regions claim 88% of all build-to-rent units under constructionAverage 30-year fixed mortgage rates down slightly to 6.95%
Could 2024 Be The Best Year For Multifamily?
Monday, June 17
Could 2024 be the start of one of the best buying seasons for multifamily real estate since 2012? Multifamily property values have dropped by over 20% from their peak, largely due to higher interest rates, but also due to the surge in new supply, which has put downward pressure on rent growth. H...