WS1126: Weekly Investor Update: November 14-20, 2021

NAR: Housing Market to Normalize in 2022

Home sales will outperform pre-pandemic values in 2022, citing more inventory in the coming months due to the conclusion of the mortgage forbearance program, according to the NAR.

Homebuilder Confidence Increases

The NAHB Monthly Confidence Index rose three points to 83 in November, which is the highest level for the index since May and the third consecutive month increase even amid supply chain challenges.

New Home Constructions Highest in the South

A total of 1.55 million housing starts in September 2021 are in Georgia and Florida, where construction starts are booming. Ten of the top 15 fastest-growing cities are Southern due to their population growth, fewer zoning restrictions, and more land available according to the U.S. Census Bureau.

Higher Mortgage Rates Boost Buyer FOMO

Mortgage rates were down slightly in early November, and the share of homes sold in one week rose to 33%, according to Redfin. The fear of missing out (FOMO) is more relevant today for homebuyers who didn't get a home last year when mortgage payments skyrocketed by 15%.

Home Prices Climb across US Metros

The median sales price of single-family existing homes rose 16% in 3Q, an increase of $50,300, according to the NAR. All four major regions of the U.S. posted double-digit YoY gains.

Single-family Home Rent Rise

Rent growth is already in the double digits according to CoreLogic. It rose to 10.2% YoY from last year’s 2.6%. 

Rent Payments Added to Underwriting Process

The Chief Executive Officer of Fannie Mae announced that the inclusion of rent payments is meant to expand financing opportunities for people with limited credit histories and help renters who otherwise thought they’d never be able to achieve homeownership.

America's Never-ending Housing Boom Winners

After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.
I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. 

I'm looking for five men to walk closely with who want to lead well at home and work.  
Email me at whitney@whitneysewell.com and tell me why you should be one of the five. 

whitneysewell.com  

VISIT OUR WEBSITE
https://lifebridgecapital.com/

Here are ways you can work with us here at Life Bridge Capital:
⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc

⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

📝 JOIN THE DISCUSSION
https://www.facebook.com/groups/realestatesyndication

➡️ FOLLOW US
https://twitter.com/whitney_sewell
https://www.instagram.com/whitneysewell/
https://www.linkedin.com/in/whitney-sewell/

⭐ Be Our Guest!
We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over.
Apply here: https://lifebridgecapital.com/join-our-podcast/