July 19, 2024

Real Estate Markets at Risk

Where should you buy and invest in real estate? Top 5 markets to watch.

ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: “ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years.” Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing,

Real Estate Markets at Risk

Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

To give you a real estate market update, after the records that were set for pendings in Dec and January, pendings decreased 10.6% in Feb and all of the four major regions in the US experienced a month-over-month drop in pending home sales, led by the South with a 13% decrease. However, when compared to one year ago, the dip in pendings was less pronounced b/c pendings were down only 0.5% compared to Feb 2020. The reason for the month to month decrease is most likely due to record low housing inventory but rising interest rates may also play a role.

In other news, The Mortgage Banker’s Association’s unadjusted Purchase Index decreased 1 percent compared with the previous week…. HOWEVER, it was a whopping 39% higher than the same week one year ago. Lastly, to give you a mortgage interest rate update, current mortgage interest rates are averaging 3.42% for a 30yr fixed interest rate mortgage.

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www.brokerforyou.com *** This 21 year old San Diego real estate is for sale! Also, aged real estate sites in many California cities are for sale.

 

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