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...
Weekly Market Observations - June 15, 2024
Saturday, June 15
Here’s Our Weekly Market Observations : Job growth in May significantly higher than expectedCarolinas and Desert Mountain regions lead nation in multifamily growthMultifamily transactions in May down over 24% YOYAverage 30-year fixed mortgage rates down slightly to 6.99%
Weekly Market Observations - June 6, 2024
Thursday, June 06
Here’s Our Weekly Market Observations : Multifamily completions continue to exceed startsHousing supply and demand slowly trending towards normalizingAverage 30-year fixed mortgage rates up slightly to 7.03%