Real Estate Market Minute

Millennials Are Extremely Intent on Homeownership

According to Clever’s survey of millennial homebuyers, it is clear they are very intent on buying a home. I go over the survey results, what it means for their potential to own a home, and what it indicated going forward for the housing market and anyone involved in the housing sector.

Rents Are Starting to Show a Slight Decline

Rent prices in many metros are starting to decline month over month according to a study done by Florida Atlantic University. I go over where rents are declining the most, how long it will last, and what it means for your investment portfolio.

It Seems Now is the Time to Buy Real Estate

The long term effect of buying real estate is without question one of the best ways to build wealth. I look at one of the most interesting charts provided by HUD and the St. Louis Federal Reserve Board that shows what buying real estate could mean over the long term and why now may be the time to get in.

Home Prices Saw Record Move Higher in November According to Case-Shiller

CoreLogic Case-Shiller says the housing market saw home values rise in November and also posted their biggest annual gain in over a year. While it appears the housing market is well on its way to a recovery, does it make any sense that it is? I go into details on the study, review various cities numbers, and explain if this is what should even be happening considering today’s circumstances.

Latest News from the Federal Reserve Rate Decision

The Federal Reserve kept rates unchanged yesterday. There are some takeaways from the Fed rate decision and the Q&A with Chairman Jerome Powell. I discuss this, the impact the interest rates and the 30 year-fixed mortgage rate and the housing market.

Mortgage Forbearance Rates Continue to Trend Downward

The number of U.S. homeowners in forbearance plans, where lenders give a break in payments, has dropped significantly through the month of December according to the Mortgage Bankers Association (MBA). I explain what this trend means with respect to the housing market and potentially the U.S. economy overall.

Many Renters Will Never Buy a Home

According to NerdWallet’s 2024 Homebuyer report, it appears many home renters have thrown in the towel and may never want to buy a home. The decision to rent or buy is complex. I give the main points of the survey, discuss what I think of them, and provide an alternative for those homebuyers and investors struggling to buy the property they really want or need.

Landlords Are No Longer Providing Discounts for Retailers

In a growing sign the economy is getting stronger it appears as though retail is coming back strong. An article from the Wall Street Journal illustrates this point. I discuss the details of this, how it can impact the U.S. economy and ultimately find its way into the residential housing market as well.

The National Association of Realtors (NAR) 2024 and 2025 Housing Market Predictions

The National Association of Realtors (NAR) came out with their latest housing market forecast and economic outlook for 2024 and 2025. I break down what they think and let you know if I agree with where they stand.

Mortgage Demand Rises as Rates Rise Slightly as Well

New mortgage applications rose last week according to the Mortgage Bankers Association (MBA). However, interest rates rose slightly during the same week. What does this mean for buyer demand and what could it signal for the housing market this year?