2024 seems like it will break out of some of the downward real estate trends we’ve seen due to rising interest rates and inflation. While it’s unlikely we’ll see a break-out year for real estate, signs indicate that conditions will warm up to buyers over the next few years.

In today’s economy, it seems like we’re feeling more pressure than ever. It’s not just about the tumult in the real estate market but the volatility of stocks, the ever-growing cost of living, and increasing economic uncertainties.

The question of location is the biggest in real estate. We know just how important the “where” is in purchasing properties! While you want to invest in a robust and growing market, you also want to be wary of overhyped areas. Finding that sweet spot is tricky.

The threat of economic recession can mean devastation for traditional investors. Losses in the stock market can be so dramatic that those on the cusp of retirement may never recover in their lifetime. But that shouldn’t mean that investing is out of the question – only that we’ve got to prioritize investing in the right things.

While certain aspects of investing in real estate can be electric and exciting, the bulk of your investment strategies should be boring. If you’re always on a real estate roller coaster that thrives on hype and risk, you’re not going to achieve what you need for lasting investment success.

Business Insider reports that fraud within the real estate industry is on the rise. This increase is likely a reaction to a somewhat hostile housing environment. Buyers and sellers are feeling desperate, and that desperation is something unsavory characters will take advantage of. Unfortunately, these aren’t all scams we can see a mile away.

We get it – investing in an uncertain economy is nerve-wracking. You don’t know what to expect. It feels like there’s a genuine possibility of losing everything. While there will be challenges, investors can’t allow fear to stop them from building their wealth.

Investing in anything can be stressful if you allow it to be. While some investments are naturally riskier – and thus, generate more stress and uncertainty – investing in single-family rental properties is one of the less risky moves you can make.

Every successful real estate investor is supported by the unsung heroes of the industry: financial and portfolio advisor, property managers, contractors, and turnkey professionals. Not only do far too many investors neglect the wealth of professional resources at their disposal, but they don’t always make the most of the ones they have.

Although 23% of Americans believe that investing in real estate is the best way to build wealth – more than stocks, starting a business, or getting a side hustle – only 12% bought real estate in the last year.