Real Estate News 11/29/2023

Today’s News Synopsis:

Have you been contemplating diving into the alternative investment space but haven’t yet taken the plunge? Now might be the opportune moment, as the demand for alternative investments continues to escalate.

In The News:

uDirect IRA – “THE FUTURE OF SELF-DIRECTED IRAS: TRENDS AND PREDICTIONS“ (11-15-2023)

“Were you aware that the global market for alternative investments was valued at approximately $13.7 trillion at the end of 2021? From 2015 to 2021, the market expanded at an annual rate of 14.9%. Although this rate is anticipated to decrease slightly, the market value is expected to nearly double over the next 5 years. Looking ahead, experts project that from 2022 to 2027, the market will grow at 11.9% annually, potentially reaching $23.3 trillion globally by the end of 2027.”

RealEstateNews.com –  “2024 will be a better year for buyers — but how much better?” (11-29-2023)

“Forecasts from Realtor.com and Bright MLS offer varying degrees of optimism, with a split on inventory and an eye on wild cards like inflation and the election.”

Axios  –  “Median age of homebuyers” (11-20-2023)

“The U.S. housing market has shattered the stereotypical American dream, as the dominant group of homebuyers ages and moves without young children.”

The Economist –  “Is it cheaper to rent or buy property?” (11-28-2023)

“For years new home-buyers in America have enjoyed lower housing payments than renters. Between 2011 and 2020 the monthly mortgage payment on a typical home was 12% lower than the rental cost of a similar property (assuming a deposit of 13%, the current national average).”

YahooFinance –  “Home prices hit another record high in September despite higher mortgage rates” (11-28-2023)

“The index tracking home sales prices in the 20 largest US cities gained 0.7% in September from August, just missing the 0.8% increase that economists polled by Bloomberg were expecting. The index rose 3.9% compared to last September, in line with the Bloomberg forecast.”