Freddie Mac reported a significant increase in multifamily serious delinquencies in January 2024, marking a shift in the rental market dynamics.
The rise in delinquency rates is attributed to slowed rent growth, increased vacancies, and higher borrowing rates in the multifamily housing sector.
The trend of increasing delinquencies is expected to continue as more apartments become available in 2024, highlighting potential challenges in the real estate market.
Vingroup started as an instant noodle company and quickly diversified into real estate, healthcare, education, and more.
Vingroup's venture into electric vehicles with VinFast faces big challenges in the global EV market and technical expertise.
Vingroup's diversification strategy into multiple industries like electronics mirrors other successful conglomerates but comes with risks and challenges.
The Case-Shiller National Index reported a 5.5% year-over-year increase in house prices in December, with expectations for a slightly more positive change in January.
Monthly, the seasonally adjusted Case-Shiller National Index experienced an 0.19% increase, marking the eleventh consecutive month of increase, yet the smallest growth since January 2023.
The post discusses the outlook for house prices in 2024 and invites readers to subscribe for more detailed information.
Case Study: Windhover is a community living project that started with a tiny house and expanded to include multiple dwellings and land.
The founders prioritize hospitality, justice, and community living, leasing out parts of the property to small-scale farmers at subsidized rates.
Transitioning from tiny house living to being landlords brought challenges of responsibility and upkeep, but also opportunities for hosting larger gatherings and accommodating family members.
The Hollywood industry's writers are facing uncertainty about future work, impacting their ability to invest in real estate.
The soaring real estate market prices in L.A. are making homeownership increasingly unattainable for writers and other entertainment professionals.
The writer strike, combined with other factors like interest rates and taxes, is contributing to a slowdown in real estate transactions across Los Angeles.
The Case-Shiller National Index revealed a year-over-year increase of 5.1% in house prices, with expectations of a more positive change in December.
Different measures like the NAR, ICE, and Freddie Mac also show positive trends in house prices, hitting new all-time highs in December 2024.
This analysis provides insights into the current state of the housing market, offering a glimpse into where it has been, where it is now, and where it might be heading.
The current housing market inventory is increasing year-over-year but remains below pre-pandemic levels.
New listings for existing homes were up 11.3% year-over-year in February according to the Realtor.com report, showing a positive trend.
Factors like the '3 D’s' (Death, Divorce, Disease), unemployment, and financial considerations affect homeowners' decisions to sell their homes, impacting market dynamics.
The Case-Shiller National House Price Index increased by 5.5% year-over-year in December, showing a trend of rising prices. This was the smallest increase since prices declined in January 2023, hinting at some market fluctuations.
The FHFA House Price Index indicated a 6.5% rise in prices over the last year, with a 0.1% increase in December, pointing towards a steady rise in housing prices despite signs of softening in the market.
The S&P CoreLogic Case-Shiller Index reported a 5.5% annual gain in December, with regions like San Diego, Los Angeles, and Detroit showing significant increases. The Composite 10, Composite 20, and National indices all reached new all-time highs.
The rise in home prices is mainly due to obstruction of urban housing rather than urban productivity.
High urban rents have increased nationally post-2008 due to federal lending policies lowering housing production everywhere.
Rising rents explain almost all of the increase in home prices, with excess rent accounting for a significant portion of residential real estate value.
The closed sales in February were mostly for contracts signed when mortgage rates were lower than in the previous months. This signifies a trend of lower mortgage rates impacting sales.
Active inventory in February showed mixed trends with some areas experiencing significant year-over-year increases in inventory while others saw decreases compared to 2019.
New listings in February were up year-over-year, but still remained at historically low levels. Most areas reported lower new listings compared to January 2019.
Hotel REITs in the public markets have high yields and are trading at 8-10+% cap rates, making them a potentially lucrative investment option.
Compared to other real estate asset classes like multifamily and industrial, hotel REITs offer superior yields and lower capex burdens, making them a cost-effective choice for investors.
The hotel industry has faced challenges post-COVID, especially in urban markets, but with the recovery of leisure, group, and business travel, there is significant potential for growth and investment opportunities.