June New Home Sales Drop Despite Easing Mortgage Rates
Category: Real Estate Total Views: 17By : Owen Jenkins Updated: 07-25-2024
New Home Sales Drop to Seven-Month Low in June
June's sales of newly built single-family homes dropped to a seven-month low. With a 0.6% drop noted by the Census Bureau of the Commerce Department, the seasonally adjusted annual rate comes to 617,000 units. Since November, this represents the lowest level. May's sales pace, on the other hand, was raised from the earlier stated 619,000 units to 621,000 units. This surprising decline in June sales is unambiguous evidence that... Read More
How to Protect Your Rental Real Estate Investment
Category: Real Estate Total Views: 262By : Olivia Taylor Updated: 07-24-2024
Introduction to Protecting Your Rental Real Estate Investment
Renting real estate has become a go-to investment strategy these days. It's a good way to earn a consistent income and accumulate long-term wealth.
However, renting a real estate property comes with many risks. Your tenant can file a lawsuit against you, property damage risk and unforeseen circumstances can all spoil your investment success.
Therefore, be proactive in protecting your assets, and ... Read More
3 Avoidable Marketing Mistakes Real Estate Startups Can Make
Category: Real Estate Total Views: 268By : Ryan Hughes Updated: 07-24-2024
Introduction to Effective Marketing Strategies for Real Estate Startups
Starting a business is no easy feat. There’s less comfort in knowing that 90% of startups fail, according to 2024 data sourced from Exploding Topics. The same report found that new business success rates are 10 to 20% over the long term.
The odds against the real estate sector didn’t bode well. About 48% of real estate startups failed within four years. However, there’s still hope f... Read More
Supply and Rates Boost Hope for Housing Market Rebound
Category: Real Estate Total Views: 90By : Dominic Sanders Updated: 07-23-2024
Existing Home Sales Decline in June Amid Record-High Prices
June's declining U.S. existing home sales marked the fourth straight monthly drop. The lowest since December, sales dropped 5.4% to an annual pace of 3.89 million units. This drop happened even with a record-high median house price of $426,900, a 4.1% rise from year before. Economists had projected a less decline—to 4.00 million units. The market has been much affected by the high prices and rising mortgage rate... Read More
International Buyers Face High Prices and Tight Supply
Category: Real Estate Total Views: 21By : Lucas Young Updated: 07-21-2024
International Buyers Face High Prices and Tight Supply
U.S. residential real estate is in great demand and high prices are being experienced by international buyers. These difficulties reflect those domestic buyers experience. The strong U.S. dollar aggravates the problem by compounding property value for overseas buyers. Many overseas buyers are thus pulling out from the market. The noteworthy decline in foreign purchases clearly shows this trend. Foreign investment is being disc... Read More