New: 🧠 Market Minds Issue #006

We appreciate each and every one of you for taking the time to read Market Minds. Buckle up and enjoy the free value - and you won’t want to miss the crazy listing that might break the record for the most windows.

Hedge Funds Banned From Buying Houses?!

Well, not yet. And the likelihood of passage is low.

But…

Democratic lawmakers in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers designed to ban hedge funds from participating in the single-family housing market, citing supply and affordability challenges as justification.

First reported by the New York Times, Sen. Jeff Merkley of Oregon introduced the “End Hedge Fund Control of American Homes Act of 2023” to the Senate. Rep. Adam Smith of Washington introduced the House version.

Democratic Reps. Jeff Jackson and Alma Adams of North Carolina introduced a separate bill, the “American Neighborhoods Protection Act.” It would “require corporate owners of more than 75 single-family homes to pay an annual fee of $10,000 per home into a housing trust fund to be used as down payment assistance for families,” according to the Times.

2024 Housing Predictions

The first quarter of 2024 will set the pace for the rest of the year, with an estimated total of 4.1 million existing home sales. This is a notable improvement from the annual pace of 3.85 million sales in the fourth quarter of 2023.

By the fourth quarter, a total of 4.5 million sales is anticipated, indicating a steady increase in demand. This positive trend can be attributed to two main factors: improving affordability and an increase in the number of homes available on the market.

Will Prices & Rates Fall?

According to the same article from above, there are two other predictions worth noting:

• Prices will fall 1% YoY in Q2 and Q3

• Mortgage rates will gradually decline and end next year at 6.6%

Want 48 Leads in 48 Hours with $0 Ad Spend?

Implement our Facebook strategy to learn how to generate leads on autopilot without paying Google or a marketing company hundreds if not thousands of dollars to do so.

Or even better - without spending any money at all.

If you’re committed to starting 2024 strong, try it out here. If you wouldn’t jump into shark-infested waters after 48 hours to keep the guide, we’ll give you your money back. And you can keep your 48+ leads, too.

The “reTIREment” Home

This Montrose, CO home can be yours for only $825k. View the full listing here.

And yes, you saw that right - it’s the foundation. 😂

TL;DR (Too Long; Didn’t Read)

Democratic lawmakers in the U.S. have proposed bills to ban hedge funds from participating in the single-family housing market, citing supply and affordability issues. Although the likelihood of passage is low, these proposals aim to address housing challenges. Housing predictions for 2024 suggest a positive trend with an estimated increase in existing home sales, improved affordability, and a rise in available homes. Additionally, predictions anticipate a 1% YoY fall in prices during Q2 and Q3, along with a gradual decline in mortgage rates, reaching 6.6% by the end of the year. Buy your reTIREment home in Montrose, CO.

Have a great weekend - we’ll see you next Saturday.

Cheers 🍻

-Market Minds Team