In this article With sky-high property prices, mortgage rates the highest they’ve been in decades, and a good deal of economic uncertainty, the housing market seemed poised for a correction in 2023. But that hasn’t happened. Instead, property prices have remained flat for most of the year and, by some accounts, are actually increasing. How is this
In this article Investor activity in the residential housing market is down sharply. Recent data from Redfin shows the number of homes purchased by investors down 45% from the second quarter of 2022 to the second quarter of this year. A drop of 45% is massive and notable, especially when compared to the rest of
In this article We all know that one person who bought a property for a price that seems unfathomably cheap by today’s standards, such as $50,000, and it’s now worth $350,000. It’s crazy to think that just 50 years ago, median home prices were right around $24,000. Today, the median home price is over $456,000, according
Multifamily Real Estate Could See a Catastrophic Decline in Values by the End of 2024—What That Means for Investors
In this article For several months now, I and many others at BiggerPockets have been cautioning that the multifamily market is at severe risk of declining property values—even as the residential market proves resilient. But has a “correction” or perhaps even a “crash” materialized in the multifamily market? Let’s take a look. The National Multifamily Market
The Housing Market Has Outperformed My Expectations—Here’s My Mid-Year Housing Recap and Predictions
In this article As we pass the midpoint of 2023, it’s a good time to take a look at what’s happened in the housing market so far this year and consider what could happen in the second half of the year. The big headline from housing so far has been the resilience of home prices.