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With the national median home price surpassing $400,000 since March 2023 and just 37.7% of existing homes sold during the fourth quarter of 2023 deemed affordable to families earning the median income of $96,300, it’s certainly understandable that would-be homebuyers might be hoping for a price crash in order to grab their first rung on the housing ladder. Similarly, existing owners might be trying to time the market to maximize their equity gains versus risking a decline.The average 30-year, fixed-rate mortgage interest rate reached more than 7% in October and...

Key Takeaways: Real estate investment trusts, or REITs, are specialty companies that own or operate income-producing real estate. There are many different kinds of REITs, including equity REITs, mortgage REITs and hybrid REITs. All REITs are required by law to distribute 90% or more of their taxable income to shareholders in the form of dividends. Real estate investment trusts, or REITs, are specialty companies that own and operate real estate or financial instruments such as mortgages or mortgage bonds that are tied to commercial real estate. Investors buy REITs for...