Real estate investor sentiment remains bullish in the face of challenging headwinds, with an overwhelming majority planning to expand their real estate portfolios over the next 12-24 months.
NEW YORK, Sept. 16, 2024 /PRNewswire-PRWeb/ -- While rising costs and higher interest rates present a challenging landscape for investors, Baselane's 2024 Real Estate Investor Survey highlights a positive outlook for long-term growth potential. Investor sentiment remains optimistic, with 81% of respondents planning to expand their real estate portfolios over the next 12-24 months.
Key insights include:
- More than half of investors are less concerned about vacancies, and 81% plan to grow their portfolios, indicating strong confidence in the market.
- Insurance hikes and property tax increases are squeezing investors, putting upward pressure on rent prices.
- Investors favor conventional loans, but high mortgage rates could influence future investment decisions.
- Renting is currently 27% cheaper than buying in the 50 largest U.S. metros, creating opportunities to capitalize on rental demand.
The Federal Reserve's anticipated interest rate cuts are fueling investor optimism for a potential market rebound. Lower mortgage rates may spur home buying and impact rental demand but may also create opportunities for investors to acquire properties with more favorable financing. Reduced borrowing costs could also encourage further investment in rental properties, potentially increasing supply and competition.
"Real estate continues to be a resilient and attractive investment option, even in a challenging economic environment," says Mathias Korder, CEO and Co-Founder of Baselane. "Our survey results show that investors are not only adapting to these challenges but are also seizing opportunities for growth in the current market. This enduring confidence underscores the strength of the real estate sector, particularly in the rental market where demand continues to outpace supply."
About Baselane
Baselane is the first all-in-one banking and finance platform built for real estate investors. We save rental property owners time and give them financial visibility and control to make better decisions that grow their business. With integrated banking, bookkeeping, and rent collection, Baselane simplifies real estate finances management and helps investors thrive in any market.
Baselane is backed by leading FinTech investors, including Matrix Partners, Activant Capital, Collaborative Fund, Conversion Capital, Diagram Ventures, ThomVest, and many FinTech leaders from PayPal, eBay, and Google.
To explore the full survey findings and gain deeper insights into the current real estate investment landscape, visit: https://www.baselane.com/resources/real-estate-investor-survey-2024/
Media Contact
John Federico, Baselane, 1 347-252-9021, [email protected], www.baselane.com
SOURCE Baselane
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