Real Estate
It is a priority to define the fundamental strategies and practices for the effective management of real estate properties. Below I present some practical tips to carry out this management effectively in rental properties and maximize income.
In this article, I want to highlight some contributions from the psychology of economic behavior to understand the investor’s mind and its relationship with financial success. The above, because knowledge of the investor’s mentality can benefit a real estate agent in several ways.
Skylar Olsen, chief economist at Zillow stated that rates in the 3% range seen in 2020 and 2021 will not return. Lawrence Yun, chief economist at NAR, said he expects the 30-year fixed mortgage rate to average lower at 6.3% in 2024, and Realtor.com forecasts mortgage rates to average around 6.3%. 8% during 2024 and will end the year closer to 6.5%.
Economists at the Texas Real Estate Research Center at Texas A&M (TRERC) released their 2024 outlook for real estate in the housing, commercial, and land sectors of the Texas economy.
Texas has consistently set the pace for real estate trends, with DFW, Houston, Austin, and San Antonio dominating the U.S. market in 2023. As the state’s influence continues to shape the nation, the 2024 Texas Real Estate Forecast delves into the sustainability of this trend.
The U.S. residential real estate market has experienced a number of significant trends and projections. According to a report by Mordor Intelligence, apartments are expected to dominate the sector compared to condominiums, and moderate growth is projected with a compound annual growth rate (CAGR) of 2.04% between 2023 and 2028.
Real estate investments in the United States have long been an attractive option for domestic and international investors. This market offers a wide range of opportunities, from residential to commercial properties, and has proven to be a strong driver of long-term wealth growth.
When entering the world of real estate investments in the United States, identifying opportunities is a crucial step. We will explore strategies and approaches to find the ideal property that aligns with your investment objectives and maximizes return potential.