Viewing entries tagged home prices Subscribe to feed

The 2024 Outlook For Real Estate Wholesalers

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Tuesday, 31 October 2023
BestTransactionFunding

What’s in store for real estate wholesalers in 2024?


Once again, the main theme of the year may be uncertainty. At least on the macro level. As well as especially when it comes to home prices and conventional retail home buyer activity.


However, what we do know for sure is that there are several factors influencing the economy and real estate in particular. As well as the opportunities they are likely to create.


Though it may not be until after the 2024 presidential election that real estate pros enjoy more clarity on the direction of the economy and property market, and are able to best plan, strategize and forecast their finances for the following four years.


Factors Impacting The Market For 2024

In 2024 we can expect to see the following factors influence the real estate market:


The impact of recent high inflation on living costs.

Living in a period of high interest rates.

AI and fast rising unemployment.

The ripple effects of escalating consumer distress.

Volatility in the stock market.

A high probability of new national or global crises.


Opportunities For Real Estate Wholesalers In 2024

The above is going to show in through a variety of opportunities for real estate wholesalers.


Firstly, we can expect a lot more distressed property acquisition opportunities, with highly motivated sellers who need to sell very fast.


The wealthy who are benefiting from recent trends will need to put more of their money into real estate to protect it. Both in the form of luxury residences and income properties.


Among the millions of those being negatively impacted by these trends will be many who need to get into real estate to make up for lost income. This may create a whole new pool of end buyers, partners, and potential workers for your investment business.


Take advantage of our 1% Fall interest rate deals, and get your proof of funds to start doing more deals today…

Rate this blog entry
1 vote

Gaps In Real Estate Data Creating Opportunities For Wholesalers

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 02 February 2017
BestTransactionFunding

Are gaps in real estate statistics creating more opportunities for property wholesalers?

Being equipped with data is good. At least if the data is good. Billions have been spent on big data. Yet, especially in real estate, the numbers can be misleading. Those with access to good information and who know the market can benefit, while helping to educate others.

Real estate stats typically lag by a couple of months between collection and being published. Sometimes it’s three months or more. These numbers are also often revised backwards too. And we all know that even some of the biggest and best funded real estate data providers are horribly inaccurate. This can be compounded by the media who is able to twist and filter the information to make clickable stories.

Right we are experiencing a unique moment in the market. Things seemed to be cooling down and heading for a dip last year. People were pessimistic about the market. Now we are in a new environment which is rich in optimism. However, this lag in data, coupled with seasonal data glitches has some buyers waiting, hoping sellers will cut prices, and some sellers being told by their agents that they should cut prices.

We’ve recently seen the Dow Jones hit a new record of 20,000, Warren Buffett make a $12B investment, and mortgage lenders eagerly stepping up to fund more deals. With the exception of San Francisco, Zillow is still pretty bullish on its outlook, and that home prices will mostly keep rising in 2017. The latest Wells Fargo and National Association of Home Builders index shows confidence is now the highest it has been in at least a year.

So, bolder and more positive real estate data is likely to show up soon, to reflect current purchasing sprees. Then sellers and buyers will be more aggressive. However, this current gap may give wholesalers an opportunity to get in and pick up well-priced deals before that happens, and to flip houses in markets they want to exit.

What will you do?

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

Rate this blog entry
0 votes