Weekly Market Observations — April 25, 2023
Tuesday, April 25
Here’s Our Weekly Market Observations : Existing home sales fell 22% YOY in March, down 2.4% from February Median existing home sales prices fell 0.9% YOY Multifamily operational costs spike with insurance, turnover, and utilities up over 10% YOY More than 2x the number of Realtors as homes for ...
The Real Estate Market Outlook
Monday, April 24
Lately, the question I have been asked most frequently is my opinion on the real estate market. Here's a snippet of the thoughts I shared in the Invested Equity passive investor newsletter last week: ________________________________________________________________ Every market provides opportuni...
Weekly Market Observations - April 19, 2023
Wednesday, April 19
Here’s Our Weekly Market Observations : New construction represents one-third of total home sales Blackstone closes the largest real estate drawdown fund ever raised, at $30.4B. Arbor forecloses on 3,200 unit portfolio in Houston, TX Retail sales dropped 1% in March by 1st, the fourth decline ov...
Why Housing Will NOT Crash
Monday, April 17
Real estate sales transactions took a 22.6% YOY dive in February.However, this doesn’t necessarily mean that the market will be flooded with inventory.Two factors are limiting housing inventory growth: Lagging new housing constructionHomeowners with locked-in low interest rate mortgages New hous...
Weekly Market Observations — April 11, 2023
Wednesday, April 12
Here’s Our Weekly Market Observations : Job growth slows but remains strong with 236k jobs added in March Fall 2023 multifamily pre-lease rent growth jumps 9.5% YOY in February Multifamily prices decline 7% YOY in February but remains 26.7% higher than February 2020 Average 30yr fixed mortgage ...
Advice From A Billionaire You Should Consider
Tuesday, April 11
There is no shortage of opinions and predictions about the real estate market. I've read compelling arguments from those who are extremely bearish (predicting economic doom) and those who are cautiously optimistic. The truth is that nobody knows with certainty what the future holds. So, how sho...