Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors
Record High Mortgage Rates for 2024 Drive Up Demand for Rental Properties
The average mortgage rate on a 30-year loan hit a record high for 2024, breaking through the 7% mark and settling in at 7.10%, as reported by Freddie Mac. This rise in rates has made homeownership out of reach for many, increasing the demand for rental properties across the board. Mortgage rates have been gradually increasing over recent weeks, fueled by hotter-than-anticipated economic reports that effectively put the brakes on federal rate cuts happening anytime soon. Odeta Kushi, deputy chief economist at First American, elaborates on this as she states, "Persistent inflation has dashed investor hopes for a Federal Reserve rate cut in June, which implies mortgage rates will remain higher-for-longer. If inflation data between now and May continues to come in hotter than expected, and/or the Fed...
Retiring on Rental Income vs Social Security – A Financial Comparison
I've sat down with many people over the years to discuss the financial differences between...
5 Reasons Why Investing in Real Estate is a Smart Strategy for Building Wealth
From my own experience investing in cash-flowing rental properties for nearly two decades...
The Financial Advantages of Buying a Rental Property Near a College
Fellow investors often ask me whether buying a rental property near a college is a wise...
Mortgage Rates Surge Following New CPI Data Casting Shadow Over Spring Buying Season
The recent Consumer Price Index (CPI) report, released this week by the Bureau of Labor...
Protecting Your Real Estate Investment for Long-Term Profitability – Three Main Strategies
Investing in real estate can pave the path to significant long-term wealth. A key component...
Single Largest Assault on Your Financial Privacy & Freedom is Coming – Central Bank Digital Currency
The U.S. dollar's strength and dominance are eroding at an alarming rate, paving the way for...
3 Ways to Determine How Much You Should Charge for Rent
I've been in the rental real estate industry for almost 17 years now, and during that time,...
The Toll of Government Spending on American Credit Card Debt
Despite the optimistic outlook on the economy frequently presented by the White House, a less...
The Advantages of Investing in Single-Family Homes
Savvy investors know that investing in rental real estate is the number one way to create...
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