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PROFITS FOR U.S. HOME SELLERS DECLINE AGAIN IN FIRST QUARTER OF 2024 AS PRICES FALL

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Profit Margins on Typical Home Sales Nationwide Decrease to 55 Percent; Returns Slip Downward as Median U.S. Home Price Slumps 4 percent ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2024 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States decreased to 55.3 percent in the first quarter – the smallest level in more than two years. The

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Unlocking Financial Freedom through the Global Financial Training Program

Erica Sarway is the Vice President of Marketing and Sales at Global Financial Training Program, a company dedicated to helping real estate investors achieve financial freedom through different programs and services. She is one of the most recognized women leaders in real estate and she is on the show with us today to help us better understand what it takes to achieve longevity in business and how you can achieve

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Hot Economy, Inflation Likely to Keep Rates ‘Higher for Longer’

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Rise in New Home Listings Projected to Boost Sales Despite Recent Run-up in Mortgage Rates Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. While higher mortgage rates present renewed headwinds to the expected recovery in home sales this year, as well as

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ResiBuilt Expands Business Operations into For Sale Housing Market

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ResiBuilt, a trailblazer in the Build-to-Rent sector for the past 5 years, has recently launched its strategic expansion into the ‘Build for Sale’ sector, while affirming its unwavering commitment to Build-to-Rent endeavors. This expansion marks a significant milestone for ResiBuilt as it diversifies its business verticals and adapts to evolving market dynamics. “We are excited to embark on this new chapter of growth and innovation,” said Andy Capps, CEO of ResiBuilt.

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Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before

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Luxury sales are outperforming partly because elevated mortgage rates aren’t a deterrent for many luxury buyers, as a record 47% of luxury homes were bought in cash at the start of 2024 The median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices of non-luxury homes rose at roughly

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Student Housing Asking Rents Reach New High

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Preleasing continues to outpace all previous years, and rent growth remained strong in March Preleasing at Yardi 200 schools hit 67.7 percent in March, exceeding last year’s pace by 2.4 percent, while rent growth accelerated to six percent, according to the latest Yardi® Matrix National Student Housing Report.  As of March, the average rent reached $895 per bedroom, marking an all-time high for the sector. A total of 41 universities had double-digit rent

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