The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes are sitting longer and sellers are being forced to lower their...
real estate
They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging and outpacing supply.
According to every available measure, median home sales prices in the U.S. are at a record high, and they show little signs of cooling off.
Millions of Americans who lost their jobs during the pandemic have fallen thousands of dollars behind on rent and utility bills. In one of President Joe Biden’s first official acts after his inauguration, he extended the federal ban on evictions through March.
Cash flow in most properties has remained steady, and rent collections have remained high — over 90% nationwide.
Evaluating a direct real estate investment is different than investing in stocks, bonds, and mutual funds. When you invest in direct commercial real estate, you own a fractional percentage of the actual property.