The Real Estate News Brief: Inflation Speeds Up, U.S. Homes Growing Old, Investor Activity in Q4

In this Real Estate News Brief for the week ending February 17th, 2024... why the latest inflation reports could delay a rate cut, why U.S. homes are growing older overall, and what share of home sales went to investors in the fourth quarter of last year...

 

...Investors are working their way through the tough housing market, with some success. Redfin reports that investors accounted for 26% of low-priced home purchases in the fourth quarter. And about two-thirds of those investor transactions were single-family homes. 

 

Looking only at the price points that investors are buying, about 46% were low-priced, 24% were mid-priced, and 28% were high-priced. Redfin agent, Carrie Caruthers, says: “I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by. When they find those properties, they pile in.”

 

On that note, I’d like to add that you can get help finding those kinds of properties as a RealWealth member. It’s free to join, and free to access our data and our resources. Potential qualified investors can also sign up for a free Q-and-A session with one of our investment counselors. No obligation, just information and support for your own real estate investing journey. Become a member and check out our website at newsforinvestors.com.

 

And please subscribe to this podcast if you haven’t already! If you have a few minutes, we’d also love a review.

 

Thanks for listening!

Kathy Fettke

 

Links:

 

1 - https://www.cnbc.com/2024/02/13/cpi-inflation-january-2024-consumer-prices-rose-0point3percent-in-january-more-than-expected-as-the-annual-rate-moved-to-3point1percent.html

 

2 - https://www.cnbc.com/2024/02/16/january-wholesale-prices-rise-0point3percent-more-than-expected.html

 

3 - https://www.marketwatch.com/story/producer-price-index-rises-0-3-in-january-core-ppi-up-0-6-69e79209

 

4 - https://www.marketwatch.com/story/jobless-claims-decline-by-8-000-to-212-000-in-feb-10-week-e97ed8b9?mod=economic-report

 

5 - https://www.marketwatch.com/story/housing-starts-fall-sharply-in-january-to-lowest-level-since-august-2023-8a783ee5?mod=mw_latestnews

 

6 - https://www.marketwatch.com/story/builder-confidence-index-rises-to-five-month-high-on-expectations-that-mortgage-rates-will-drop-in-the-coming-months-c5d6eeac?mod=economic-report

 

7 - https://www.freddiemac.com/pmms

 

8 - https://eyeonhousing.org/2024/02/the-age-of-the-u-s-housing-stock/

 

9 - https://finance.yahoo.com/news/investors-bought-record-26-affordable-004444276.html

 

10 - https://www.yahoo.com/news/us-cities-best-quality-life-211016529.html