Golden Eagle Real Estate Investment

Sales of existing homes jumped nearly 21% in June compared with May, according to the National Association of Realtors.
This is the largest monthly gain since the Realtors began tracking the data in 1968.

Existing home sales surge nearly 21% in June – the highest monthly gain on record The increase came after sharp declines over the previous three months due to the coronavirus pandemic. Sales were still 11.3% lower annually.

Money Magazine: Where Home Prices Are Heading in the Age of Coronavirus

https://money.com/coronavirus-real-estate-home-prices/

Where Home Prices Are Heading in the Age of Coronavirus Coronavirus has all but stalled the real estate market. But realtors and economists are optimistic prices will hold steady.

https://www.wsj.com/articles/remote-work-could-spark-housing-boom-in-suburbs-smaller-cities-11590843600

WSJ: Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities. Online real-estate platforms are reporting increased buyer demand as remote-work culture spreads, but whether they will find sellers remains an open question

Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities Online real-estate platforms are reporting increased buyer demand as remote-work culture spreads, but whether they will find sellers remains an open question.

U.S. home price is at record high.

CNBC: Home sales dropped nearly 18% in April, while decline in inventory pushed prices to a record high

https://www.cnbc.com/2020/05/21/april-home-sales-drop-18percent-as-inventory-decline-pushes-prices-to-record-high.html

Key point:
The supply of homes for sale fell 19.7% annually to 1.47 million units for sale at the end of April. That is the lowest April inventory figure ever. That drop in inventory pushed prices to a record high.

Home sales dropped nearly 18% in April, while decline in inventory pushed prices to a record high The economic fallout from the coronavirus hit the housing market hard in April.

Bloomberg Report: Bidding Wars Are Back in Housing Market Stung by Pandemic

https://www.bloomberg.com/news/articles/2020-05-20/bidding-wars-are-back-even-in-housing-market-stung-by-pandemic

Bidding Wars Are Back in Housing Market Stung by Pandemic It’s the surprise of a spring selling season that’s been anything but normal: Buyers returning to the housing market have been battling over the few available properties.

Golden Eagle Real Estate Investment updated their business hours.

WSJ: Why Home Prices Are Rising During the Pandemic

While buyer demand has softened and sales fell 8.5% in March, the supply of homes on the market is contracting even faster

https://www.wsj.com/articles/why-home-prices-are-rising-during-the-pandemic-11588671002?shareToken=stdd9e45e1cdd74fbbbbb0816f7559b695&reflink=article_email_share

Why Home Prices Are Rising During the Pandemic The economy is shrinking, businesses are closing and jobs are disappearing. But in the housing market, prices keep chugging higher.

💡 Mortgage Rates Reach All-Time Low. Freddie Mac, April 30, 2020.
http://www.freddiemac.com/pmms/

Historic low mortgage rate is a strong support of the U.S. housing market.

Mortgage Rates - Freddie Mac

Founded in 2012, and based in New Jersey, USA, GEREIC acquires and manages single-family residential properties in areas with high investment values. Our strategy consists of leasing properties to high-quality tenants to produce a stable and long-term income stream. We generate above-average risk-adjusted returns from professional management and price appreciation over the holding period. Ultimately, our goal is to provide access to the U.S. “single-family for rent” market for investors through a transparent and reliable investment process.