Thomas Malone of CoreLogic reports on investor activity, noting that as home flippers and larger investors take a backseat, smaller investors show resilience. In July, August, and September, investors purchased 26.8%, 27.2%, and 28%, respectively, of the share of single-family homes. Given this, CoreLogic expects to see these numbers climb above 30% in the near future. Source: CoreLogic (December 2023) “Smaller …
Lower rates in 2024?
Expect rate cuts in 2024, according to experts and the Federal Reserve. Logan Mohtashami of HousingWire comments, “[t]he Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under …