Will Real Estate Recession Happen in 2024?
Norada Real Estate Investments Blog
by Marco Santarelli
5d ago
The 2024 US real estate market shimmers with both the promise of opportunity and the threat of uncertainty. Predicting its exact course is a fool's errand, but by delving deeper into the data and expert insights, we can equip ourselves with the knowledge needed to navigate the potential storms ahead. The Looming Shadows: Debt Storm: The colossal burden of household debt, surpassing $17 trillion, casts a long shadow over the market. Rising interest rates could make repayment more challenging, potentially triggering defaults and impacting home values. Inflationary Headwinds: Inflation, though s ..read more
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Housing Market is Still Hotter Than Pre-pandemic “Norms”
Norada Real Estate Investments Blog
by Marco Santarelli
6d ago
Is the housing market still hot? The latest housing market insights from Zillow reveal some intriguing trends. The data suggests a nuanced scenario where buyers experience some relief, homeowners break free from “rate lock,” and the market witnesses both challenges and opportunities. The housing market has seen a notable shift from the demand-driven peaks of the pandemic era. While competition has cooled from its frenzied heights, the U.S. housing market still remains slightly more intense than pre-pandemic norms. Homes are now moving approximately 50% faster, with more selling at a premium. H ..read more
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10 Best Places to Live in New Hampshire in 2024
Norada Real Estate Investments Blog
by Marco Santarelli
6d ago
New Hampshire, the Granite State, beckons with its stunning landscapes, vibrant communities, and unwavering spirit of independence. Whether you crave cozy mountain towns, bustling seaports, or charming rural havens, New Hampshire offers a place to call home. But with so many unique options, where do you begin? To help you embark on your Granite State adventure, we've curated a list of 10 exceptional places to live in New Hampshire in 2024, catering to diverse lifestyles and priorities: 10 Best Places to Live in New Hampshire in 2024 1. Portsmouth: Where history meets harbor chic, Portsmouth bo ..read more
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When Will the Fed Cut Rates in 2024?
Norada Real Estate Investments Blog
by Marco Santarelli
1w ago
If you are wondering when the Federal Reserve will start cutting interest rates in 2024, you are not alone. Many investors and consumers are eager to see lower borrowing costs after two years of rapid rate hikes that have pushed mortgage and credit card rates to their highest levels in decades. But the timing of the first rate cut is not so clear, as the Fed faces a delicate balance between fighting inflation and supporting economic growth. The majority of economists concur that the Fed will begin reducing rates at some point in the second quarter of 2024, most likely during its June meeting ..read more
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Will Housing Affordability Improve in 2024?
Norada Real Estate Investments Blog
by Marco Santarelli
1w ago
Housing affordability is a major concern for many Americans, especially renters who face rising rents, stagnant incomes, and a limited supply of low-cost units. Housing affordability is not expected to see a major improvement in 2024 due to tight rental markets and high property prices. According to a recent report by the Joint Center for Housing Studies of Harvard University, half of all US renters were cost-burdened in 2022, meaning they spent more than 30 percent of their income on rent and utilities. This was a record high of 22.4 million renter households, an increase of 3.2 percentage po ..read more
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Best Places to Live in New York in 2024
Norada Real Estate Investments Blog
by Marco Santarelli
1w ago
Looking for the best places to live in New York in 2024? You're in the right place. Whether you're a native New Yorker or relocating from another state, finding the perfect place to call home can be a daunting task. With so many options to choose from, it's important to consider factors like cost of living, job opportunities, crime rates, and quality of life when making your decision. Best Places to Live in New York in 2024: Top Neighborhoods Fortunately, we've researched for you and compiled a list of the top places to live in New York in 2024. From bustling cities to quiet suburbs, we've got ..read more
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90% of Millennials Regret About Their First Home Purchase (2024)
Norada Real Estate Investments Blog
by Marco Santarelli
2w ago
Recent findings from a survey conducted by Real Estate Witch shed light on the challenges faced by millennial homeowners. An astonishing 90% of millennial homeowners express regrets about their initial foray into homeownership. This statistic is a stark reflection of the difficulties this generation encounters in realizing the American dream of owning a home. The desire for homeownership remains strong within the millennial cohort, with 78% acknowledging it as a crucial part of the American dream. However, financial barriers hinder their progress, as 48% believe homeownership is unaffordable f ..read more
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FSOC Addresses Vulnerabilities in CRE and Residential Real Estate
Norada Real Estate Investments Blog
by Marco Santarelli
2w ago
The Financial Stability Oversight Council (FSOC), established in the aftermath of the 2008 recession, plays a pivotal role in identifying and addressing risks to the U.S. financial system. In its latest annual report, Section 3 delves into a comprehensive discussion of the 14 financial stability vulnerabilities identified for the year 2023. These vulnerabilities are categorized into three significant areas: Financial Risks, Financial Institutions, and Financial Market Structure, Operational Risk, and Technological Risk. Financial Risks: Unveiling Vulnerabilities 3.1 Commercial Real Estate, Res ..read more
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10 Affordable Places to Live in Colorado in 2024
Norada Real Estate Investments Blog
by Marco Santarelli
3w ago
If you are looking for a place to live in Colorado that won't break the bank, you are in luck. Colorado is a beautiful state with diverse landscapes, vibrant cities, and plenty of outdoor activities. But it is also known for being one of the most expensive states in the country, with high housing costs and a high cost of living. However, not all places in Colorado are equally pricey. There are some hidden gems that offer affordable living options without compromising on the quality of life. In this blog post, we will explore the cheapest places to live in Colorado in 2024 (in no particular ord ..read more
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The Shocking Collapse of Chinese Real Estate Developer Evergrande
Norada Real Estate Investments Blog
by Marco Santarelli
3w ago
China Evergrande, once the titan of China's real estate industry, has come crashing down, its meteoric rise followed by a dramatic and complex collapse. This event has sent shockwaves through the Chinese economy and raised concerns about its wider implications. Let's delve deeper into the story of Evergrande's fall and its potential consequences. Evergrande's story is intricately woven with China's booming property market. The company capitalized on the rapid urbanization and growing demand for housing, leveraging aggressive borrowing to fuel its expansion. This strategy worked for years, prop ..read more
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