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53 Percent of Residential Real Estate Investors Expect Business Growth in 2024

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As first-time home buyers evaluate housing options amid low inventory, 55 percent feel that local investors have a role in solving the housing shortage New Western, the largest national private real estate investment marketplace, released a study on single family real estate investor sentiment and first-time home buyers’ perception of the housing market. Notably, 53 percent of residential real estate investors expect business growth in 2024, while 55 percent of consumers feel

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New Multifamily Renter Sentiment Report Reveals Surprising Trends in Housing Choices and Generational Preferences

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Most renters (59%) report that they choose to rent versus feeling that they’re forced to rent, and a surprisingly high number of renters (31%) report feeling either ambivalent or uninterested in home ownership altogether 74% of renters report that their timeline to purchase a home has lengthened meaningfully as mortgage rates have increased Older Americans are selling homes to live in apartments and Baby Boomers value the social interactions of

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2023 Has Been The Least Affordable Year for Homebuying on Record—But 2024 Is Looking Up

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The least affordable markets were Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs. Detroit and Pittsburgh were the most affordable 2023 has been the least affordable year to buy a home in Redfin’s records, but things are looking up for 2024, according to a report from Redfin (redfin.com), the technology-powered real estate brokerage. Someone making the $78,642 median

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Housing Sentiment Remains Stuck in Low-Level Plateau

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Only 14% of Consumers Believe It’s a Good Time to Buy a Home, a New Survey Low The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 0.6 points in November, remaining within the bounds of the low-level plateau it established in the first half of 2023. Consumers’ perceptions of homebuying conditions remain overwhelmingly pessimistic, as only 14% of consumers believe it’s a good time to buy a home, a new survey

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Simply Homes Secures $22M to Expand US Affordable Housing

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Funding will go towards buying homes in major Midwest markets to address the public housing crisis and create economic mobility Simply Homes, an automated Single Family Rental (SFR) sourcing and underwriting platform developed to help solve the affordable housing crisis by mobilizing stagnant housing stock for use in the Housing Choice Voucher (HCV) program, announced $22M in funding for operations and real estate acquisitions. The financing is led by Gutter Capital and

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BofA Report Shows Fewer Prospective Homebuyers Willing to Wait for a Better Market Environment

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62% willing to wait for prices and/or rates to fall before buying a home, down from 85% just six months ago Prospective homebuyers’ patience may be waning, with fewer willing to wait until home prices or interest rates come down to purchase a home, according to new data from the Bank of America Homebuyer Insights Report (PDF). Today, 62% are willing to wait for prices and/or rates to fall before buying a

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