Understanding the 1% Rule
April 22, 2024 | Reading Time: 1 Minute The 1% rule is a guiding principle in real estate investing that assesses the relationship between a property’s purchase price and the income it can generate. According to this rule, the monthly rental income should be at least 1% of the property’s buying price. To apply the […]
Huge Number of Homeowners Hold Onto Favorable Mortgage Rates
April 18, 2024 | Reading Time: 6 Minutes Something profoundly unusual has unfolded in the American housing market over the past couple of years, marked by a rise in mortgage rates to around 7 percent. These rates, though not historically extraordinary by themselves, present a challenge due to the fact that the average American household […]
Focus on Real Estate Fundamentals
April 15, 2024 | Reading Time: 1.5 Minutes Disregard for Fundamental Principles: With the market experiencing strength, many investors are overlooking fundamental principles. This could involve factors such as the intrinsic value of assets, economic indicators, or risk assessment. When the market is performing well, there can be a tendency to become complacent and neglect […]
Key Market Indicators That Impact Real Estate
April 8, 2024 | Reading Time: 2.5 Minutes Key market indicators play a crucial role in influencing the real estate market. These bad boys are like the weather forecast for your property empire – they tell you if it’s gonna be smooth sailing or if you’re in for a storm. They provide insights into economic […]
Ready to invest in AI-Driven lead generation?
April 6, 2024 | Reading Time: 3 Minutes Lead generation stands as a fundamental pillar of real estate sales, demanding significant attention from agents. With the transformative influence of the internet on consumer behaviors in the housing market, agents find themselves adapting their business practices accordingly. However, the efficacy of leads procured through major real […]
Mortgage rates hold firm, but for how long?
April 6, 2024 | Reading Time: 2.5 Minutes Mortgage interest rates persist at steady but heightened levels, providing potential homebuyers with a sense of stability as they navigate the market this spring. According to the latest Freddie Mac survey, the 30-year fixed rate has edged up slightly this week to an average of 6.82%, compared […]
Appeals court okays DOJ to reinvestigate NAR
April 6, 2024 | Reading Time: 2.5 Minutes The U.S. Court of Appeals has issued a significant ruling allowing the Department of Justice (DOJ) to revive its investigation into the National Association of Realtors (NAR). This decision carries profound implications for an industry already experiencing considerable turbulence. In a split decision announced on Friday, the […]
Could a major lawsuit against realtors mean lower home prices
March 20, 2024 | Reading Time: 4 Minutes Is the Real Estate Market on the Verge of a Price Drop? The recent $418 million antitrust lawsuit settlement with the National Association of Realtors has sparked speculation about the future trajectory of home prices. The lawsuit alleged that the association’s practices, particularly regarding realtor commissions, artificially […]
Federal Reserve Holds Rates, Plans Three Cuts This Year
March 20, 2024 | Reading Time: 1.5 Minutes The Federal Reserve decided to keep interest rates unchanged, maintaining them at about 5.3 percent, with a forecast indicating a potential decrease to 4.6 percent by the end of 2024. The Fed is cautiously considering rate cuts in response to persistent inflation but is also mindful of […]