WS1119: Weekly Investor Update: November 7-13, 2021

Mortgage delinquency rates hit lowest levelThe overall mortgage delinquency rate for loans past due by at least 30 days fell to 4% -- the lowest level since the onset of the pandemic. According to CoreLogic, all states posted annual decreases in their overall delinquency rates led by Idaho with a labor market that has recovered all of the jobs lost in March.Profit margins on home and condo sales highest in a decadeThe typical home sale across the country during the 3Q 2021 posted a record-breaking 47.6% profit margin on median-priced single-family home and condo sales across the United States -- the highest since the Great Recession, according to ATTOM U.S. Home Sales Report.Investors vs. first-time buyersRealtor.com noted that investors made up 5.5% of all home purchases in the first 7 months of 2021, with the highest share of purchased homes in Memphis, Birmingham, St. Louis, Charlotte, and Jacksonville. These investors are ready to pay in cash compared to first-time buyers who depend on a mortgage, which puts them at a disadvantage when competing for affordable homes.Housing market may see a boost as travel bans endThere’s an expected resurgence of home buying from foreigners as travel bans will soon be lifted in about 33 countries for vaccinated visitors. Buyers from Europe, China, Brazil, and India will be reviving the property markets in New York, Miami, Los Angeles for the first time in 20 months.US cities with the highest homebuyer down paymentsThe Villages, FL tops the list of metros with the highest average down payment at 27.1% and a median home list price of $366,950. Other cities that made the list include Santa Cruz, CA; Coeur d’Alene, ID; Prescott, AZ; and Kahului, HI.After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/