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

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 There are also reports of new-home sales climbing as builders offer incentives

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

Other Interesting Stories:

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