In this article The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released last week, showed a six-point drop in builder confidence. This is the fourth consecutive drop recorded this year. Builder confidence has fallen a total of 22 points since July and is currently at 34, the lowest level since December 2022.
In this article A vacation home or short-term rental (STR) can be a fantastic investment opportunity— if you know where to look. Location truly is everything in the short-term rental market. As an investor, you’ll be looking for homes in areas that will deliver a good cap rate and rental revenue while still being affordable (unless you have the cash
In this article The Zillow Consumer Housing Trends Report 2023 is out. Some of the insights this year’s report contains will surprise no one—for example, demand for rentals still massively outstrips supply. Having said that, there is also valuable new information for real estate investors. In a nutshell, during 2023, the typical U.S. renter is someone who
In this article Home Depot announced its Q3 earnings last week—and the numbers are good news for real estate investors. This is despite the fact that the overall takeaway from the home improvement giant’s sales figures is one of decline: a 3.1% year-over-year comparable sales decrease in the third quarter of 2023. What matters about
In this article Fannie Mae has lowered its down payment requirement for owner-occupied multifamily property loans, effective Nov. 18. The move has been hailed as a breakthrough for real estate investors—and prospective homeowners—as it makes it significantly easier to buy an investment property with less cash. The decision comes at just the right time, given the current
In this article Mortgage interest rates fell sharply in the first week of November following the Federal Reserve’s November meeting and its decision not to raise key rates any further. After breaking the 8% threshold in October, mortgage rates have been falling for two weeks in a row. As of November 8, 30-year fixed mortgage rates
In this article The latest meeting of the Federal Reserve has confirmed expectations that it would hold rates at their current levels. Key interest rates will remain in the range of 5.25% to 5.5% until at least the next Fed meeting in December. What’s the Word from the Fed? When asked about the possibility of further
In this article According to the most recent S&P CoreLogic Case-Shiller U.S. National Home Price Index, home prices beat yet another record as of the end of August this year. The report has been tracking home price data for the past 35 years, and its latest edition reveals that home prices across the U.S. have reached
In this article As 30-year mortgage rates reached the highest point in decades earlier last week, the number of mortgage applications fell by a seasonally adjusted 1% in one week. The latest data from the Mortgage Bankers Association paints a bleak picture of a housing market increasingly hampered by a seemingly unstoppable rise in mortgage interest rates. A
In this article JPMorgan Chase CEO Jamie Dimon called on central banks to exercise ‘’humility about financial forecasting’’ at the Future Investment Summit in Riyadh, Saudi Arabia, last week. The banking giant also slammed banks’ recent track record of predicting economic outcomes as ‘’100% dead wrong.’’ Jamie Dimon on Economic Policies, Macroeconomic Conditions In his
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