In this episode, we dive into the year-end market forecast, addressing the current landscape that ranges from doom and gloom predictions to optimistic projections about lowered interest rates.
The dramatic rise in mortgage costs is attributed to both increased home prices and significantly higher interest rates. Home prices have surged by 46% since COVID-19, and interest rates have effectively doubled, making it increasingly difficult for the average American to afford a mortgage. In this discussion, Neal provides a data-driven outlook on what lies ahead for the 2024 real estate market and the opportunities it brings for real estate investors.
Show Notes:
0:00 Where The Real Estate Market Is Heading
7:01 How Many Units Are Being Delivered
11:32 The Fed and Inflation at 1%
16:17 When People Actually Sell Their Homes
19:33 What Real Estate Investors Should Consider
26:25 Strategic Investing
29:33 Neals Tips For Investors (1-4 Units)
