WS1147: Weekly Investor Update: December 5 to 11, 2021

Apartment Rent and Occupancy Hit Record HighsApartment rent occupancy soared to a new record-high value as it reached 97.5%. Asking rents for new move-in leases reached 13.9%. Even during the later part of the year, renewal lease rent growth has been rising at 8%. Analysts attribute the rise in demand to appreciating prices in the for-sale market, new buyers being pushed out by all-cash investors, and more people choosing to live with roommates.MARKET INDICATORS SNAPSHOTWEEKLYMortgage Rate (30-Year Fixed): 3.11 (as of 12/02)MONTHLYExisting Home Sales: +0.8% (October 2021)New Residential Sales: +0.4% (October 2021)Median Sales Price for New Houses Sold: $407,700 (October 2021)Construction Spending: +0.2% (October 2021)New Residential Construction: -0.7% (October 2021)QUARTERLYHomeownership Rate: +65.4% (3Q21)Rental Vacancy Rate: +5.8% (3Q21)Sources: NAR, BLS, Federal Reserve BankPROPERTY MARKETProperty Down Payments Reach a New RecordThe national median down payment hit its highest level since at least 2005. The median down payment on a single-family home purchased with financing in 3Q2021 was $27,500, up 41% from $19,502 YoY according to ATTOM Data Solutions.White House Looks to Fight Real Estate Money LaunderingThe Biden administration is now examining the use of all-cash sales for commercial and residential real estate purchases worth more than $300,000 in 12 metropolitan areas, which it claims are frequently utilized for money laundering activities.MORTGAGEThousands to Lose Homes due to Bailouts about to ExpireAs millions of homeowners were granted mortgage bailouts, allowing them to miss payments 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/