Real Estate Investment News Today – 4/28/24

Rising Mortgage Rates:

The biggest story this week in real estate investment is the continued rise in mortgage rates. The average 30-year fixed-rate loan has climbed above 7% for the first time in 2024, impacting affordability and buyer demand https://www.foxbusiness.com/category/todays-mortgage-rates.

Mixed Housing Market Signals:

Even though existing home sales and housing starts are down, there are signs that the spring buying season might still be on track due to a slight increase in housing inventory https://www.housingwire.com/. There are also reports of new-home sales climbing as builders offer incentives https://www.realtor.com/news/real-estate-news/.

Rental Market Strength:

The real estate investment rental market continues to see strong performance. CoreLogic reports that rent growth is at its highest annual increase since spring of 2023 https://realestateinvestingtoday.com/.

Other Interesting Stories:

• The National Association of Realtors (NAR) settlement regarding commissions received preliminary approval from the courts https://www.realtor.com/news/real-estate-news/.
• Foreclosure starts are showing a slight increase https://realestateinvestingtoday.com/.

For more details, you can check out these resources:

• National Association of Realtors https://www.realtor.com/news/real-estate-news/
• HousingWire https://www.housingwire.com/
• Real Estate Investing Today https://realestateinvestingtoday.com/