A lot of people have outdated assumptions about who rents their homes. In this day and age, renting isn’t something people necessarily do out of necessity. While that may be the case, more and more people are choosing to rent.

What is the best way to invest in real estate? While an investor can utilize numerous strategies and approaches to pursue financial freedom, it starts with one debate: active versus passive investing.

ATTOM, a curated real estate data titan, recently released the second quarter 2024 U.S. Home Equity & Underwater Report. And if you own property in the United States, things are looking up. 49.2% of mortgaged residential properties are considered “equity-rich.” This means these properties have a combined estimated loan balance under half of the property’s estimated value.

We’re no strangers to the rapid pace of technology. Only recently, AI has come into its own as a viable technology beyond simple novelty. We’re seeing it seep into industry after industry, and real estate is no different.

Real estate investors choosing to sit on their hands in wait for a market crash will be sorely disappointed. Investors must adapt their strategies for any and everything the real estate market brings to the table, favorable and otherwise. We can always wait and hope that conditions will take a turn for the ideal, but that’s not a reliable investment method.

2023 is likely to bring a real estate market shakeup. While our strategies will pivot, our ultimate goals will not – real estate is and has always been the best way to generate lasting, reliable wealth. Looking back at market statistics from the last year isn’t to say that things will continue along the same path – only that the market is always changing and always exists in a particular context.

If you’ve been paying attention to the real estate market news cycle, you’ve seen that the experts are finally seeing a turn in the market. For the past several months, correction efforts from the feds have seemed largely ineffective in bringing down the housing market’s fever.