WS1161: Weekly Investor Update (December 19-25, 2021)

MARKET INDICATORS SNAPSHOTWEEKLYMortgage Rate (30-Year Fixed): 3.27% (as of 12/22)MONTHLYExisting Home Sales: +1.9% (November 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 Bank, MBAPROPERTY MARKETReal estate market to weather 2022 and OmicronDespite the speculative wave of home buying competition and property prices hitting through the roof, the real estate industry is going to weather the upcoming year, according to analysts, thanks to strong buyer demand and approval of the anti-COVID pill, Paxlovid.Single-family housing market risesBuilder sentiment in the single-family housing market rose one point to 84 in December, according to the National Association of Home Builders.Homebuyer competition lowest in a yearHome offers' bidding wars in November dropped to only 59.5%, the first time the competition rate was below 60% since December 2020.November home sales rise due to stronger job marketSales of previously owned homes in November rose 1.9% from October to 6.46 million units, according to the NAR’s seasonally adjusted count.MORTGAGEMortgage rates fall to 4-week lowThe fall in mortgage applications is an indicator of a lower number of homes actively listed for sale matched by rising property prices.RENTAL MARKETSingle-family accelerate 3x as fast YoYSingle-family rents in October were up 10.9% year-over-year, according to the latest reAfter 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/