What should we know about real estate today? (FINANCIAL EDUCATION) MASTER INVESTOR #livestream

If we aren't growing, we are supposedly dying. It is crucial to continue learning throughout one's life. Of course, it's not just about investing time and money in a formal school (unless you really want to); it's also about reading books and articles from reputable news sources and picking the brains of successful individuals in our field who are leading the lifestyle we desire. When it comes to investing in real estate, this is especially true. What should we know about real estate today?

Is dipping our toes into the real estate investing pool one of our New Year's resolutions? Or perhaps we have already made some investments and are curious what the future holds for the sector?

As you might expect, we've been paying close attention to numerous studies and projections for 2023, and we have some interesting information to give.

READ OUR BLOG HERE: https://www.masterinvestor.education/pages/blog?p=what-should-we-know-about-real-estate-today

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You are reading: What are the simple rules for investing?

Here are tips for the real estate market

Here's a quick summary of what we've seen so far. You can evaluate new investment options this year with more knowledge if you read the material below:

1- Mortgage rates that are typical

According to a Forbes article, the following data is interesting:

6.48% is the current average mortgage rate for a 30 year fixed, up from 3.22% at the beginning of 2022.
A 15-year fixed-rate mortgage costs, on average, 5.67% today, compared to 2.43% in early January 2022.
Rates for a 30-year mortgage in the US have fallen to some of the lowest levels ever recorded in the history of our country over the past few years. Then in 2021, we achieved a record-breaking low of 2.65%. Everyone seems to be refinancing and purchasing homes in order to take advantage of these fantastic prices.

But in 2022, that changed. When the pendulum swung, the majority of housing experts forecast that these rates would plateau in 2023 at roughly 5% to 6%, however some said they anticipate the increases to last until this year's spring.

2- Continued shortage of real estate inventory

Are there any brand-new residential housing complexes where you are? Not many, probably. Read the entire blog on our website. Follow the link.

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