Brian Montgomery Realtor

04/24/2024

https://www.freddiemac.com/research/forecast/20240418-economic-growth-moderated-labor-market-robust?utm_medium=email&utm_campaign=Research

Housing demand is on the rebound, but with mortgage rates still averaging 6.8%, many prospective homebuyers continue to be priced out of the market.

04/24/2024

Here is a quick hit list for your spring home maintenance. Be safe on the ladder.

Featured Blog: Spring Home Maintenance ChecklistAll, Featured Blog Post, Social Media / April 23, 2024 April 23, 2024 What: This month’s featured blog and social graphics provide a detailed, 11-point checklist for spring home maintenance. A how-to guide for new and longstanding homeowners alike, i...

08/21/2023

This would be a good starting point to research out of state residential investing opportunities.

Want to invest in real estate but don't know where to start, literally? Here are the best states with a great climate for buy-and-hold investors.

05/08/2023

Sad commentary on the fate of San Francisco and the likely fate of some other big cities.

Let’s be plain: no one wants to live there anymore.

04/13/2023

Interesting article on housing demand and household formation.

https://www.biggerpockets.com/blog/best-housing-markets-in-demand

03/09/2023

Tennessee had the second fastest growing economy in the U.S. in 2022. It might be a worth considering for long term residential rentals.

Tennessee, which led the nation in economic growth in 2021, was displaced last year by Idaho as the state with the fastest-growing economy, according to estimates by the U.S. Bureau of Economic Analysis through the first three quarters of last year.

03/07/2023

https://www.biggerpockets.com/blog/new-census-data-shows-where-americans-are-moving

No big surprise that California and New York are losing the most population as affordability continues to be a pressing issue. Tennessee, where Dana and I own rentals is seeing growth due to affordability and job opportunities.

Americans are squeezed by inflation and rising housing prices in big cities. They’re seeking refuge in states with warm climates, a lower cost of living, and

02/14/2023

01/19/2023

An excellent article on current market conditions. Continued tightening of the market. Essentially less of everything, sellers, buyers, inventory, mortgages, sales, and in cyclical markets expect lower prices.

The rapid housing price boom during and after the pandemic is coming to an end. The correction is here. Here's how each group will be affected by it.

12/12/2022

NATIONAL MARKET UP
Fannie Mae’s Home Purchase Sentiment Index (HPSI) reversed course in November, posting a modest gain. The survey noted, “Consumers continue to expect mortgage rates to rise but home prices to decline.”

However, those mortgage rates have actually been falling. Freddie Mac’s Chief Economist noted that over the last four weeks, mortgage rates have seen “the largest decline since 2008.”

Home price gains are moderating. Real estate data firm CoreLogic reports: “Home price growth continued to approach single digits in October.” They forecast home prices up only 4.1% annually by October 2023.

09/22/2022

It sounds like China's real estate market is a mess.
It could have negative impacts on our market and economy. Definitely worth keeping an eye on it.

China's real estate crisis could cause huge economic problems for the entire globe. As the the world's second largest economy, troubles there means trouble for everyone.

08/08/2022

https://www.keepingcurrentmatters.com/2022/08/03/buying-a-home-may-make-more-financial-sense-than-renting-one/

The article is pretty cursory as it doesn't include the tax benefits and ability to depreciate your house. Also you are using leverage to increase the return on your investment.

If you can afford the payment and make a down payment then it usually makes sense to buy. Also there are many different loan programs so the down payment amount can vary significantly.

There is a lot of nuance to the decision but typically it make good economic sense to own real estate.

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this.