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Real Estate Today
The Best Way to Invest in Real Estate in 2024
Jan 19, 2024
REALTORS Kristin Smith, Peter Crouch, and Bob Turner discuss real estate investing tips for 2024. Topics include buying your first investment property, investing in short-term rentals, becoming an Airbnb super-host, real estate investing in retirement, buying land, and the latest existing-home sales data.
34:08
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Quick takeaways
- Buying unimproved land as a real estate investment offers long-term value and the opportunity to create generational wealth and leave a legacy for future generations.
- Lower mortgage rates are expected to stimulate buyer interest and potentially motivate buyers to take advantage of the market, providing substantial wealth-building opportunities.
Deep dives
December Existing Home Sales Decline Compared to November
In the last existing home sales report for 2023, it was reported that existing home sales in December fell 1% compared to November. This decline may not yet reflect the impact of falling mortgage rates, as the home buying process is a lengthier one and takes time for consumers to respond. However, mortgage applications in the first week of the new year have increased, indicating a potential future boost in home sales. It is important to note that although sales have declined, home prices continue to rise year over year, providing solid wealth-building opportunities for homeowners.
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Discover
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