The market is opening up, and rates are predicted to go down in 2024. It’s the perfect time to invest in a flip, which will be ready for market when rates are down!
BrightMLS is making their 2024 predictions, and we like the trend! This includes predicting that rates may settle at between 6% and 6.5%. In addition, they forecast for there to be 4.6 million sales of existing homes nationwide in 2024, about 500,000 more sales than in 2023, a 12.1% gain. See more good news in the article!
Robert Dietz, chief economist for the National Association of Home Builders, is forecasting more single-family housing units will be constructed in 2024, the first increase since the drops we saw in 2022 and 2023.
“Due to low existing inventory, new construction has increased to approximately one-third of total single-family inventory in recent months when historically it was only 10% to 15%,” Dietz said.
RFG is ready to help you capitalize on this opportunity, with our Ground Up Construction Loans. Ground Up Construction] These loans can include your land purchase as part of the loan, which is not common with this type of loan. RFG also offers this loan with no LTC cap!
COVID may be more manageable now, but it changed the way we live in a pretty “permanent” way. Home offices are now a must, and flex space is a priority for homebuyers.
We’re “seeing a growing interest on Houzz in adjustable design elements such as living room dividers, shoji screens, and partition walls that create temporary separation to add privacy, mitigate noise, or create some visual delineation of purpose in an open area,” says Mitchell Parker, a senior editor at Houzz, in a recent article.
And here’s a new term for you to think about: biophilic design. This is the merging of indoor and outdoor living, and it’s a hot trend - even in cool climates! Things to think about for your next remodel!
100% Premier Loans from RFG cover all renovation costs. NO DOWN PAYMENT!
Terreon and Larry have completed multiple real estate projects together. They are creating a real estate portfolio featuring multiple rental properties to build generational wealth.
By pooling their funds and their talent, they invest in projects much larger than each could afford on their own.
This duplex property rehab went well, and they are able to charge rent of $2k per month.
