Podcasts about Apartment List

Your rental properties are about to make even more money. There's one often overlooked real estate investing “upside” that, over time, makes rental property investors and landlords rich without any extra effort. This is one upside that Dave is exceptionally bullish on and is one of the most compelling cases for rental property investing. It's not home price growth, it's not tax benefits, and it's not zoning changes—it's simple: rent price growth. Rent has steadily grown throughout the history of the housing market and shot up at an extreme pace during 2020 - 2022. Now, the pendulum is swinging in the other direction as rents soften and tons of supply hit the market. But how far are we from going back to the days of solid rent growth? And with the new housing supply already starting to be absorbed, could we get to above-average rent growth again? We brought Chris Salviati from Apartment List on the show to share his team's rent research.  Over time, your rental income will rise significantly while your mortgage payment stays the same, boosting your profits. So, where are rents poised to grow the most? Will we ever experience 2021-level rent growth again? And will 2025 be the year strong nationwide rent growth returns? We're breaking it all down today so you know exactly where rents are headed next! In This Episode We Cover: Why “rent growth” is one of the most underrated “upsides” of real estate investing The 2020-2022 rent price explosion explained and why rents skyrocketed  What has been keeping rent growth suppressed for the past few years  Markets with rent declines that could quickly reverse (significant buying opportunities) The property classes (A/B/C/D) experiencing the most rental demand (it's NOT the nicest ones!) Multifamily vs. single-family rent trends and whether new apartments drive down home rent prices  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Podcast Guest! Apartment List Research Join the Future of Real Estate Investing with Fundrise Grab Dave's Book, “Real Estate by the Numbers” Sign Up for the BiggerPocket Real Estate Newsletter Find an Investor-Friendly Agent in Your Area Rent Prices Are “Guaranteed” to Increase Over the Next Two Years—Here's Why Grab The Apartment List Research Or Email research@apartmentlist.com Connect with Dave   Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1092 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we break down Apartment List's February 2025 National Rent Report, revealing the latest trends in rent prices, vacancy rates, and where the rental market is headed next. With rents declining for the sixth straight month, national median rents now sit at $1,370, down 0.2% from last month and 0.5% year-over-year. But is this trend about to reverse? We'll discuss: ✅ The record-breaking vacancy rate hitting 6.9%—the highest in recent history ✅ Why Sun Belt cities like Austin, Denver, and Raleigh are seeing the sharpest rent declines ✅ The Midwest's surprising rent growth resurgence ✅ How the Fed's rate cuts could impact future rent trends ✅ Whether this signals the end of declining rents as supply slows in 2025 With nearly 800,000 new multifamily units still in the pipeline, will rents keep falling, or is a turnaround coming? Tune in for expert analysis and actionable insights for renters, investors, and landlords alike! Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Tech Trek, host Amir sits down with Shawn Stewart, VP of Engineering at Apartment List, to unpack the complex dynamics between individual contributors (ICs) and managers. Shawn offers a deep dive into career progression, fostering growth, and building aligned high-performing teams. This episode is packed with actionable insights for ICs and managers striving to improve their professional relationships, promote effectively, and maintain team cohesion. Episode Highlights: Understanding Manager-IC Dynamics (00:10) Shawn explains the nuances of the relationship between ICs and managers, highlighting mutual responsibilities for growth and success. Career Progression and Managerial Roles (01:41) Managers play a crucial role in shaping the career paths of their team members. Shawn delves into how managers can act as career enablers, providing guidance, feedback, and opportunities. Challenges in Manager-IC Relationships (03:59) Navigating conflicts, differing goals, and maintaining alignment between ICs and managers is key to a harmonious workplace. Importance of Calibration and Objective Evaluations (10:45) Shawn emphasizes the need for managers to calibrate team performance and conduct objective evaluations to avoid bias and ensure fairness. Promotion and Growth Strategies (16:52) Shawn shares strategies for promoting ICs effectively and highlights the importance of setting clear growth paths and expectations. Actionable Advice for Managers and ICs (20:58) Practical tips for managers to build trust and lead with empathy, and for ICs to communicate effectively and take ownership of their growth. Key Takeaways: Manager-IC Relationships Are a Two-Way Street Both parties must invest in understanding, trust, and open communication to thrive. Managers Are Career Enablers Their primary role is to align team goals with individual aspirations while providing mentorship and support. Calibration Ensures Objectivity Regular alignment on evaluations helps maintain fairness and prevents biases in promotions and feedback. Career Growth Requires Deliberate Effort Both ICs and managers must plan and execute career development strategies actively. Tune in to hear Shawn's expert insights and practical advice for navigating the challenges of the modern workplace. Don't forget to like, subscribe, and share this episode with your network! Shawn Stewart is a seasoned software engineer and entrepreneur with a track record of innovation and success. He began his career running his own software business and contributing to multiple startups with successful exits. As a software engineer at Sportline.com, later acquired by CBS to become CBSSports.com, Shawn earned over 15 software patents and contributed to major platforms like NFL.com, MLB.com, and the Emmy-winning March Madness on Demand. He has since led critical development initiatives at Fidelity Investments, LinkedIn, Ultimate Software, and Gusto. Currently, Shawn leads engineering at Apartment List, leveraging machine learning and generative AI to revolutionize the renter experience.LinkedIn: https://www.linkedin.com/in/irietek/ ---- Thank you so much for checking out this episode of The Tech Trek. We would appreciate it if you would take a minute to rate and review us on your favorite podcast player. Want to learn more about us? Head over at https://www.elevano.com Have questions or want to cover specific topics with our future guests? Please message me at https://www.linkedin.com/in/amirbormand (Amir Bormand)

Rent prices have come down to earth after their meteoric growth of 2020 - 2022, but what will they do in 2025? Will we continue to see slow (or no) rent price growth, or could lower interest rates push more households to form and demand to jump? With so much multifamily housing supply and the Fed's recent rate cut decision, we've got a lot to unpack on this BiggerNews episode. Thankfully, we have Apartment List's Chief Economist, Igor Popov, to help us. We're talking about rent prices: where they are, where they're going, and what's impacting them in 2024 (and into 2025). Unsurprisingly, we've got a lot of multifamily supply—apartments are giving huge concessions to lease up. But what if we told you we were oversupplied AND undersupplied at the same time, and in a few years' time, demand could heat up again? Igor gives a rare 2025 rental market forecast, his take on what's impacting rent growth, and whether the “oversupply” of multifamily is hurting single-family rental investors' chances to get higher rents. In This Episode We Cover: A 2025 rental market forecast and whether we'll see rents grow, decline, or flatten next year The areas where all the rental money is moving to (things have REALLY changed) More renter control as the oversupplied multifamily market searches for tenants Why the housing market is currently in a dangerous flood-drought combination  Will sluggish multifamily rent prices push single-family rents down with them? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Apartment List Research Invest in Turnkey Properties with REI Nation Grab Dave's Newest Book, “Start with Strategy” Find an Investor-Friendly Agent in Your Area See Dave at BPCON2024 in Cancun! What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024? Connect with Dave (00:00) Intro (03:55) Anything But “Normal” Rent Prices (08:54) Money is in Suburbs (12:59) More Renter Control (17:00) Multifamily vs. Single-Family Rents (18:09) Lots of Supply, Not Enough Supply (23:08) 2025 Rent Prediction (25:52) Learn More from Igor! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1020 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

I had an absolute blast sitting down with Igor Popov, Chief Economist at Apartment List, in-person at NAA Apartmentalize 2024.We dug into the talk he'd just given at the conference called "The Big Five."In this episode, we dig into 5 of the big trends and observations that Igor and the Apartment List analytics team have been following.1/ The Rent Roller Coaster2/ Multifamily Supply Wave3/ New Choices, New Competition4/ Untethered Work & Living5/ Shifting Location PreferencesThis was an awesome conversation and I hope you enjoy.Be sure to connect with Igor on LinkedIn: https://www.linkedin.com/in/igpopov/

Gray Report host Spencer Gray speaks with Chris Salviati, Senior Housing Economist at Apartment List, about major trends in the multifamily space, notable apartment markets, and multifamily in relation to the larger economy. Follow the latest reports from the Apartment List research team: https://www.apartmentlist.com/research For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ Learn more about Gray Capital's latest multifamily investment opportunity: SolanaIndy.com DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

Mike Wolber recently joined Apartment List as the Chief Sales Officer. In this episode Mike shares how this new job came to be, doing things differently and what the tech landscape looks like.I'm Moshe Crane connect with me on LinkedIn. My day job is the VP of Branding and Strategic Initiatives at Sage Ventures.Sage Ventures is a commercial real estate firm based in Baltimore, MD. The company buys and operates multifamily rental properties. The company also builds and develops homes that we sell.

Revolutionize your leasing with Lea Pro - the cutting-edge AI assistant powering the future of rental marketing. Enjoy a 24/7 virtual leasing agent who engages prospects via voice, chat, email, and text to nurture and qualify leads. Seamlessly integrated into your listings across platforms. Lea Pro delivers a crucial competitive edge in today's fierce rental market. Partners report saving up to 42 hours per week per property and a staggering 68% increase in lead-to-tour conversions. Unlock substantial cost savings with this AI-powered sales dynamo. But that's not all - Apartment List pioneered the "Smart Leasing Platform," combining smart tech like Lea Pro, smart pricing based on delivered leases, and smart analytics for data-driven optimization. Gain unparalleled insights and leverage advanced cross-selling capabilities. Embrace the rental revolution with Lea Pro. Amplify your leasing productivity, demolish your competition, and propel your business into an era of groundbreaking AI-fueled growth. The future of leasing begins now. #MultifamilyLeadership #PropTech #AIInnovation #ApartmentList #Leadership #PropertyManagement #TechInRealEstate #MultifamilyHousing#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork --- Send in a voice message: https://podcasters.spotify.com/pod/show/mike-brewer/message Support this podcast: https://podcasters.spotify.com/pod/show/mike-brewer/support

Welcome to episode #172 of the Digital Dudes Podcast, as we sit down with Matt Service, the COO of Apartment List, for an in-depth discussion on how AI and strategic market adaptations are redefining the landscape of the rental market. We are excited about the timeliness of this episode as Apartment List just announced that Lea Pro is now free for all Apartment List customers. In this episode, Matt unveils the innovative strategies and technological advancements that Apartment List leverages to enhance renter experience and operational efficiency.  Join us as we explore the company's journey through the evolving real estate and multifamily marketplaces, focusing on their cutting-edge AI tool, Lea Pro, and other key developments. Key Highlights & Takeaways: AI-Powered Solutions: Delve into how Apartment List integrates AI to revolutionize the renter experience and streamline property management processes. Strategic Market Adaptations: Insights into Apartment List's tailored approach to different markets, ensuring optimal engagement and growth. Future of Multifamily Tech: Discover predictions on the future trajectory of AI in real estate/multifamily and how Apartment List plans to stay at the forefront. Operational Challenges & Solutions: A look into the challenges faced in balancing marketplace demands and how Apartment List's strategies mitigate these issues. Don't miss this deep dive into the intersection of technology and multifamily with one of the industry's leading voices.  Subscribe to the Digital Dudes Podcast for more episodes like this, and engage with us by sharing your thoughts and experiences on AI and real estate innovations. Click here, to read more about the exciting free Apartment List feature. Digible: ⁠https://digible.com/⁠ Fiona: ⁠https://www.myfiona.com/⁠ Leave a Spotify Review: ⁠https://spoti.fi/3LfoEdU⁠ Leave an Apple Review: ⁠https://apple.co/3AA2zRj⁠ (00:00) Introduction (00:47) Matthew's Background (02:30) Growth and Scaling at Apartment List (04:55) The Role of AI in Apartment List (06:31) Beyond Traditional ILS (07:53) Balancing Marketplace Demands (13:11) Analyzing Marketplace Dynamics (15:16) Supply vs. Demand in Marketplaces (20:15) Introduction to Lea Pro (22:08) Impact of Lea on Renter Engagement (24:07) Addressing Lead Quality and Management (27:20) Basketball Analogies to Explain Business Strategies (30:16) Future of AI in Apartment Leasing (35:36) Overcoming AI Adoption Barriers (39:06) Data Insights from Lea Pro (41:57) Business Model Evolution at Apartment List (44:02) Generative AI for Business Operations (47:30) Conclusion

Discover how  @apartmentlist  strategic acquisition is reshaping renter engagement across multiple channels with its cutting-edge, human-like AI, "LEA." This move enhances the renter experience and signals a significant shift in the multifamily landscape, promising a future where technology and human touch seamlessly blend. Witness firsthand the capabilities of "LEA" through an honest conversation example and explore the broader implications for property management software (PMS) systems and PropTech consolidation. Mike provides insightful analysis on the future of multifamily technologies, the potential for mergers and acquisitions, and the evolving role of AI bots. Whether you're in the multifamily industry or fascinated by the integration of AI in everyday business, this discussion offers valuable perspectives on the current trends and future directions of PropTech. For more insights and the latest trends in the multifamily sector, visit multifamilycollective.com.

Senior Research Associate Rob Warnock with Apartment List joined The WBAP Morning News. While year over year rent growth in Fort Worth is down, rent in March went up. Median rent in Fort Worth is $1,176 for a one-bedroom unit and $1,357 for a two-bedroom unit. How much has your rent gone up? See omnystudio.com/listener for privacy information.

Today's guest is Matt Service, COO of Apartment List. In this episode, Matt discusses the unique user experience and value proposition of Apartment List's matchmaking rental marketplace and announces the company's latest innovation: Lea Pro. As they describe it, Lea Pro is "a groundbreaking AI-powered leasing assistant designed to work hand-in-hand with property management companies and leasing agents." This is an iteration of their already available automated leasing assistant, Lea. Lea has already proven valuable to agents and has been recognized for being a leading technology solution in leasing. We also get into the apartment leasing business. Matt highlights the importance of surfacing trade-offs in apartment hunting and leveraging technology to enhance the rental process. He shares insights into the current trends in the rental industry and the challenges faced by brokers and agents. Of course, we also briefly cover the anticipated wave of new apartment inventory on the horizon and how that may impact leasing trends in the near future.More about Apartment ListApartment List, the leading rental matchmaking marketplace, today announced the launch of Lea Pro, a groundbreaking AI-powered leasing assistant designed to work hand-in-hand with property management companies and leasing agents. Building on the success of its predecessor, Lea, which earned the 2024 AI Excellence Award from the Business Intelligence Group, Lea Pro is a game-changer in the world of AI leasing assistants. Powered by cutting-edge generative AI, Lea Pro is designed to work alongside leasing teams, proactively engaging with renters across multiple channels in a way that feels intuitive, natural, and remarkably human.Follow Apartment List on TwitterCheck out Apartment ListRead the full announcement about the launch of Lea Pro - https://www.prnewswire.com/news-releases/introducing-lea-pro-by-apartment-list-ai-powered-leasing-assistance-enhances-renter-experience-302099676.html 

Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their housing to bigger, better, and often more expensive options. But, after interest rates shot up, the economy began to cool, and work-from-home became a not-so-sure thing, Americans became more budget-conscious. As a result, vacancies rose, and rent prices began to fall. So, how close are we to seeing rent growth return? Apartment List's senior housing economist, Chris Salviati, joins us to share what his team has seen in the nationwide rent data. Chris looks mostly at large apartment data—the sector that's been hit the hardest in recent years. With multifamily properties struggling to find renters and lowering their asking prices to prompt demand, you'd think the market had found a bottom—but this isn't the case. A tidal wave of multifamily inventory is about to come online, and when it does, multifamily investors will be forced to compete with the newest and most luxurious options on the market. Will this oversupply trickle down to single-family rentals, or will renters turn away from the A-class buildings in search of more affordable options? Chris gives us his thoughts, plus future rent growth predictions, in this episode! In This Episode We Cover: What happens to rent prices when 1,000,000 more multifamily units come online Markets that have the most oversupply and could see significant rent cuts The massive concessions multifamily apartments are giving new renters  When real estate investors can expect rent growth to pick back up  2024 rent price predictions and whether demand could come back How single-family rental prices will be affected by multifamily's huge oversupply And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram James' BiggerPockets Profile James' Instagram Chris' Articles and Reports Chris' LinkedIn Chris' X/Twitter BiggerPockets' Instagram Rents Show Biggest Decline in 3 Years—Should Landlords Panic? Multifamily Is at High Risk of Continuing Its Historic Crash in 2024—Here's Why 2024 Rental Market Outlook: Is a Shift Coming? Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-195 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, host Amir welcomes Sue Nallapeta, the CTO of Trusted Health, to discuss the implementation of AI in products and the importance of data quality. They emphasize the need for a solid framework and data structure before integrating AI solutions. Sue shares examples of how AI can bring value to customers and improve business outcomes. They also explore how Trusted Health, a marketplace connecting nurses with jobs, incorporates AI into their operations. Tune in to gain insights into leveraging AI effectively in your product. Highlights [00:02:27] Leveraging AI in healthcare.  [00:03:51] Nurses uploading their resumes.  [00:08:12] Data governance and AI.  [00:12:35] Complexity of nursing recruitment.  [00:16:46] AI's presence in every workflow.  [00:19:30] Technology trends and industry evolution.  [00:24:43] Understanding nursing complexities.  [00:26:10] Nursing complexities. Sushma (Sue) Nallapeta is the Chief Technology Officer at Trusted Health, where she leads a team of more than 100 engineers who are building the leading career marketplace for healthcare professionals. Sue has more than 15 years of experience leading engineering teams across various consumer-facing businesses and marketplaces, including Apartment List, Zoosk (acquired by Spark Networks), and Kodak Gallery (acquired by Shutterfly). She is a passionate advocate for diversity and inclusion initiatives and for creating products that help people solve everyday problems through the power of technology. Sue serves as a mentor and a resource for other aspiring female engineers and engineering leaders through her work as an ambassador for SheTO and as a mentor with Plato. Sue holds a master's degree in Computer Science and is a mother to an 8-year-old daughter. linkedin.com/in/sushmanallapeta twitter.com/sushmars --- Thank you so much for checking out this episode of The Tech Trek, and we would appreciate it if you would take a minute to rate and review us on your favorite podcast player. Want to learn more about us? Head over at https://www.elevano.com Have questions or want to cover specific topics with our future guests? Please message me at https://www.linkedin.com/in/amirbormand (Amir Bormand)

Rental rates for homes are dropping across the Bay Area. They first fell in 2020 during the pandemic and never fully recovered. Some renters are spending less on rent, but nearly half of Bay Area residents are considered rent-burdened. That leaves housing advocates and experts doubtful the region will become more affordable in a meaningful way. We'll talk about what lower rents could mean long term and how renters can take advantage of the current market.   Guests: Ben Metcalf, managing director, Terner Center of Housing Innovation at the University of California, Berkeley, former director of California Department of Housing and Community Development Shanti Singh, communications and legislative director, Tenants Together Chris Salviati, senior housing economist, Apartment List

The CPI recorded another substantial drop in inflation, which should ease some financial burdens for renters and could act as a signal to the Federal Reserve Bank that interest rates need not increase any further. The resumption of student loan repayments this August could have a more direct impact on apartment demand, and three separate reports this week review the implications of student loan repayment on the multifamily market, housing, and the economy more broadly. Link to sources discussed in this episode: Bureau of Labor Statistics: “Consumer Price Index, June 2023” - https://www.bls.gov/news.release/cpi.nr0.htm Federal Reserve Bank of New York: “Where Is Inflation Persistence Coming From?” - https://libertystreeteconomics.newyorkfed.org/2023/07/where-is-inflation-persistence-coming-from/ John Burns Research & Consulting: “Student Loan Restart Will Drag on Economy” - https://jbrec.com/insights/student-loan-restart-will-drag-on-economy/ Education Data Initiative: "Student Loan Debt Statistics" - https://educationdata.org/student-loan-debt-statistics Moody's Analytics: "Resuming Student Loan Payments May Exacerbate Affordability Crisis and Pressure Retail Sector" - https://cre.moodysanalytics.com/insights/cre-news/resuming-student-loan-payments-may-exacerbate-affordability-crisis-and-pressure-retail-sector/ Fannie Mae: “Consumer Confidence in Housing May Have Plateaued” - https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey RealPage: “Apartment Demand Rebounds as Rent Growth Further Cools” - https://www.realpage.com/analytics/us-apartment-demand-rebounds-2nd-quarter/ Apartment List: "National Rent Report, June 2023" - https://www.apartmentlist.com/research/national-rent-data For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.

Get our newsletter free here or text “GRE” to 66866. Storing your money at a bank entails more risk than you think. Your deposit is a bank's liability. Banks must take risks with your money because they don't charge you fees. Banks used to have a 10:1 reserve ratio. As of March 2020, all reserve requirements are now eliminated. Rather than storing lots of money at the bank, borrow lots of money from the bank. US households own $41T of owner-occupied property—$29T in equity, $12T in debt. The national LTV ratio is 30%, historically low. That's 70% equity. Of the five ways real estate pays: one profit source is the market, two are from the tenant's job, and two come from the government. Many Millennials plan to rent forever. 63% have nothing saved for a down payment. The interest-rate lock in effect keeps constraining the available supply of homes. This forces more homebuilders to build. Last week, NBC Nightly News covered the rise of build-to-rent communities. Resources mentioned: Show Notes: www.GetRichEducation.com/455 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Welcome to GRE! I'm your host, Keith Weinhold. Do you have any idea what banks do with your money? How home equity is like a bank, hot Millennial rental trends, and the proliferation of Build To Rent real estate, today on Get Rich Education! ___________   Welcome to GRE! From Glens Falls, NY to Klamath Falls, OR and across 188 nations worldwide, the voice of real estate investing since 2014. You're listening to Get Rich Education. I'm your host, Keith Weinhold.   You did not wake up to be mediocre today. So we don't focus on long-term budgeting here.    Correlating financial betterment chiefly with reducing your expenses is just a race to the bottom. You and your peers would just be racing to the bottom.   We know that, instead, yes, arbitrage is created when you  borrow low and invest high. But the ultimate arbitrage - which is the gap or that spread, is when your quality of life vastly exceeds your cost of living.    That's that gap that you & I pry open ever wider together right here, every week.    Savers lose wealth. Stock investors maintain wealth. REIs build wealth.   Savers lose wealth because inflation makes holding onto a dollar like a block of ice melting in your hand.    Retail stock investors only MAINTAIN wealth because their 9 to 10% long-term return is worn down to less than nothing with inflation, emotion, taxes, fees, and volatility.   And real estate investors BUILD real, durable wealth.     If you have a mentality of trading time for dollars, then you  have a certain way of looking at your life.    If you realize that your investing mission in your life is to build things that pay you to own them, then you have a different way of looking at life.    The resources that you need to build those things are what we cultivate here on this show.    You know something though, by the time that I bought my first rental property, I didn't have all of that figured out yet.    It really wasn't until I bought my second property. It was also a fourplex, just like the first one. This second one cost $530,000. And check out how I bought it.    I bought it with a 10% down payment, interest-only loan, and interest rate of 7⅝%.    Yep, I took accumulated equity from my first four-plex and used it as a down payment on the second four plex.   Now, that way, I essentially had zero money in the deal - which is an infinite return strategy - and both fourplexes cashflowed.   Now, the interest-only loan on my second fourplex there… that gives some people pause.   Why would I do that?   That kept my monthly payment amount down - since I could pay only interest - and didn't have to pay principal. That turned a property with a small cash flow into a nice cash flow.   Yeah, some people don't like interest-onlys because then the tenant isn't paying down your principal for you.    I typically take interest-only loans because for every dollar that doesn't go into your illiquid principal as equity, instead, it becomes a dollar of liquid cash flow that goes into your pocket.   In fact, changes are that the reason that you have fat equity in home right now is from market appreciation, not principal paydown.   In fact, why don't I approach the classic GRE principle of “your return from home equity is always zero” from a new and novel angle here today.    Gosh, this could make you hundreds of thousands or millions over your investor career.   Imagine a bank. We'll call it a red bank. This bank is offering you zero rate of return, it's difficult for you to withdraw your money from it, and this red bank might not even let you withdraw your own money at all - it is at their discretion.    How motivated are you to hold your money at that bank? Well, you aren't at all.    Well, I just described equity that's locked inside properties… and that's why… your properties make terrible banks.   Equity is the opposite of you being liquid.   Instead, the GRE Way is leverage and arbitrage, but it needs to be supported by cash flow.    So, we are not quite on an island here with our strategy, because we're still connected with the mainstream finance world - but we're, say, a peninsula then.    And, like a peninsula, maybe, real estate keeps you insulated - though not completely disconnected from that more volatile stock and bond shuffle that most people are on - which provides little to zero leverage or cash flow.    Do you know what that stock and bond shuffle is - that seesaw?   Let's remind ourselves… that when money flees the stock market, it usually ends up in bonds. As demand for bonds goes UP, interest rates go DOWN. Then, as interest rates go down, investors go back to stocks in pursuit of yield, and everything reverses. It's an ebb and flow of funds which often provides you with zero real return. That's how that seesaw goes. So rather than get a part-time job, which is selling your time for dollars, get a few rental properties instead.    Whether you manage them yourself or you manage the manager - like I do, I manage managers… you've got the income stream of a part-time job with an asset that appreciates at the same time.   As time passes, the reason that you will feel satisfied is because you took strategic risk.   Now, to stick to the bank analogy theme here, a lot of people still don't realize that when you take your money to the bank, you are a creditor of the bank, and the bank is now lending your money out.   So, just think about what you're doing - well, you yourself probably aren't doing so much of this - you're probably a better than average investor since you're listening here.   But think about those depositors that keep a lot of money at the bank.   Yes, we know you're losing to inflation, but besides that, just think about what happens to your money this way.   What about a parking garage and your car? OK, when you park your car at a valet, the valet is supposed to turn around and park it in a garage.   The valet does not have the right to take your car and let an Uber driver go make money with it while you're off having dinner.   And then maybe they'll give you the same make & model back at the end of the night… and they stick YOU with the risk of having a problem with your car - or your money.    That's what banks are doing with your money when you park it there. It's like a valet letting an Uber driver use it and take risks with it without your knowledge.   What isn't FDIC-insured is… at… risk.   Well, what's the alternative to banks lending out the money that you deposited with them? Well, the alternative to the existing system is that banks, instead, could make money off of fees that they charge you.   How is it that you avoid paying fees to your bank right now, like you are? I mean, afterall, banks have capital expenses, technology expenses, and employee expenses.   If banks charge fees to you rather than profiting from the spread that they get on lending your money out, we could have a safer system.   But most people like the allure of fee-free banking, partly because that's what they're used to.   Banks used to have to hold onto a dollar for every $10 they had in deposits. That's also known as a 10:1 fractional reserve ratio.    Well, the risks of parking your money at a bank went up in March of 2020. That's when the Fed just COMPLETELY eliminated reserve ratios for banks.    Now, for every $10 they have in deposits, banks can hold zero dollars in reserve.    Instead of parking your money at a bank, you do the opposite. You borrow from the bank, pay them their 7% interest and invest it in “Real Estate Pays Five Ways” property that beats 7%. Right there's… your arbitrage.   Now you're using their money instead of them using your money - like the valet that you entrusted your car with that lent out your car to the Uber driver while you were at dinner.    So outside of inflation, why is it risky to keep your money parked AT a bank - rather than borrowing from them. Because, as has often happened this year, banks implode.     Why are they imploding?   Well, just a couple years ago, when banks lent on mortgages at 3%, they're only collecting 3% for 30 years.    What happens to the BANK when interest rates go up? No one wants to buy their 3% debt. The depositor (that's you, the customer) wants their money back - because they can go invest it for 5% elsewhere. That's a problem for the bank.   And if the government does come in to give a bailout of your bank - we know by now that they're more likely to do it if it's a large bank, like Chase, Wells Fargo, or B of A.   Well, more gov't bailouts of banks… means more money printing… which means more inflation, making our eventual problems even worse.   So rather than keeping too much money at the bank, BEAT the bank.   Now, earlier, I mentioned how having a glut of equity in your properties is like keeping your money in a rather illiquid bank.    That is a germane point - a pertinent discussion to have right now, because take a look at this. This is America's equity position, right now.   This is for the latest quarter ended. The Federal Reserve Flow of Funds report tells us that    U.S. households owned $41 trillion in owner-occupied real estate. Alright, $41T is the value of that US residential property.   Of that $41T, how much do you think is in debt, and how much is in equity? I'm just doing some rounding here.   $12 trillion in debt and the remaining $29 trillion is in equity.   Therefore, the national loan-to-value "LTV" right now is about 30%. That is historically quite low.   Another way to say it is that America's primary residences have a 70% equity position today.    Yes, 70% of the value of American homes is locked into that vehicle that's famously unsafe, illiquid, and always has an ROI of zero.    Homeowners today have an average of $302,000 of equity in their homes.    Now, as inefficient as that might sound from an opportunity cost perspective from homeowners.   There is, at least, a little upside to your neighbors having a glut of equity even if you try to opportunistically hold a low equity position.   This equity provides a cushion to withstand potential price declines, but also prevents any future housing distress from turning into a foreclosure situation.    Those equity cushions around American neighborhoods help prevent the down… drain in prices that we saw from 2007 to 2009.   I've got more for you coming shortly, including, has the Build-To-Rent concept that we've discussed on this show for years & years finally gone mainstream now that NBC news is discussing it?   You'll hear that audio clip and get my commentary on it.   But first, I want to ask you, is this the "Golden Age" of quality NEWSLETTERS or what?    News WEBSITES are increasingly riddled with: paywalls, logins, banner ads, and pop-ups about cookies, the hassle of 2FA. Instead, a quality newsletter is just automatically “there” in your inbox.    Our valuable Don't Quit Your Daydream newsletter is full of real estate investing industry trends and forecasts, broader economic forces that are going to affect you in the future & more.    Get top investment property news in under 5 minutes.  You can sign up and get the letter free now at GetRichEducation.com/Letter.   In there, you get updates about what provider has inventory now - even exact physical addresses of properties.    In fact, I've featured two of my own rental properties in the newsletter as I broke down their financials. Again, sign up at GetRichEducation.com/Letter   I STILL write every single word of that letter myself. I don't think that a lot of founders do that.   Upon signup, you'll receive some lay of the land e-mails, and thereafter, I only send it about weekly. Not daily.   Alternatively, you can easily sign up for the letter by text. If you aren't yet one of many subscribers expanding your means with my letter, you can simply text “GRE” to 66866 for our DQYD Letter. It is free.   Again, you can sign up by simply texting “GRE” to 66866. More next. I'm Keith Weinhold. You're listening to Get Rich Education. _____________   Welcome back. You're listening to Episode 455 of Get Rich Education. I'm your host, Keith Weinhold.   Five weeks ago on the show, you'll remember that I reiterated why real estate does not pay 4 ways and does not pay 6 ways - it pays exactly five ways simultaneously.   Sometimes, amid uncertainty - and note that there's ALWAYS - uncertainty.   It never abates. People wondered when the Fed would stop hiking rates at a meeting. Now they did. People wondered when inflation would get down to 4 - now it has.    But those that worry excessively will still point to something else that's uncertain.   But in good times, bad times, and uncertain investing times, you might want to get more offensive. Other times, more defensive.   Real estate is both. Of the 5 ways you're paid, appreciation and cash flow serve your offensive side.   At the same time, your return on Amortization, Tax Benefits, and Inflation-Profiting all serve your defensive side.   Now, let's go and look at the sources - the headwaters - the genesis.    What are your 5 profit sources - for appreciation - it's the market. It's the vibrancy and diversity of the economic market that you bought in. That's where your appreciation emanates from.   For the second way you're paid, cash flow, it's your tenant and your tenant's job.   For the third way, your Return on Amortization - that ROA, that also comes from your tenant, since that pays your loan's Principal & Interest.   The fourth way, tax benefits, that's the gov't.   And the fifth way, your inflation-profiting, that also comes from the gov't.    Yes, that's the source, the headwaters for each of the five ways you're paid and knowing that can help you be mindful about what to pay attention to in your investment real estate portfolio long-term.   Yes, this is just with carefully-bought buy & hold real estate. Unlike most investments, if the value of your property goes down, you still get paid 4 ways.    So to review the 5 Ways Real Estate Pays SOURCES - where your money actually originates, it's:   Appreciation - from the market Cash flow - from the tenant ROA - tenant Tax Benefits - gov't And Inflation-Profiting - also from the gov't   Now, here at GRE, when we focus on your tenant and where your tenant comes from, you know, one word that comes up an awful lot is Millennials.   Why do we discuss Millennials so regularly? It's not because we're the first generation to embrace avocados or online dating over “in real life” dating or, it's the first generation to be raised in a world of participation trophies. Ha!    It's because, not only are Millennials the largest generation in American history, but they are in their prime household formation years.   Though there's a bit of dissension among demographers, many agree that Millennials were born between 1981 and 1996. That makes them Age 27 to 42 - they are prime household formation years.    BTW, you probably know of the generation after that, Gen Z. They were born between 1997 and 2012, making Gen Z age 11 to 26.   But do you know about the generation after that? That is Generation Alpha. They were born between 2012 and today, making Generation Alpha age 0 to 11.    Well, the Millennial homeownership rate lags that of previous generations of people that were the same age. So this is why you have such a deep pool of people that's driving demand for your rentals.   Millennials have the misfortune of being stung by back-to-back global crises.    When they were coming of age in 2008, many couldn't get a job during the Global Financial Crisis. Then the pandemic disruption made getting their independence pretty bumpy.   In fact, fully 18% of Millennials say that they plan to rent forever. Forever! That's up from 11% just five years ago.    Not just a few, but the MAJORITY of Millennial Renters have zero down payment for house savings. 63% of them have absolutely nothing saved for a house.    And in fact, another 14% have less than $5,000 saved - which is close to nothing. That is all according to a survey from Apartment List.    More Millennials plan to rent forever.    Now, I've done a fair bit of research on Generation Z  real estate trends - again they're the age between 11 and 26. And there are a few more Gen Z homeowners than you might think already.    But the short story on Gen Z, just isn't that compelling. To distill everything I've researched, most Gen Zers want to own a home but few can afford it. Well, no kidding. That's not a very novel takeaway, but that's the REAL story there.   If Millennials are your current renters, then Gen Z are your current and future renters.   Now, I've talked to you a good bit about the “interest rate lock-in” effect. So many homeowners have ultra-low mortgage rates that they don't want to sell their home, and when they don't put it on the market, that further constrains supply.   Well, Redfin recently brought some new color to the interest-rate lock-in effect. They've shared some really interesting material with us.   92% of mortgage borrowers have an interest rate under 6%.   80% of them have an interest rate below 5%.   62% of these people have an interest rate below 4%.   And a quarter have a rate below 3%.   New listings of homes for sale and the total number of listings have both dropped to their lowest level on record for this time of year… and that is fueling homebuyer competition in some markets and preventing home prices from falling.    In fact, Redfin tells us that the national ASKING price for homes is the same that it was one year ago.   Sale prices increased most in these 5 metro areas. Cincinnati leading the way at (9.2%). We've got cash-flowing Cincinnati property at GRE Marketplace. Miami (8%) not really a cash flow market there. Third-best is Milwaukee (8%), rounded out by Fort Lauderdale, FL (6%) and Virginia Beach, VA (5%).  They are the 5 metros with the highest appreciation. Current months of national housing supply is still just 2.6 months - scarce inventory. 6 months is a balance market.   Homes that sold were on the market for a median of 28 days. That is the shortest span since September. There's a bit of a seasonal factor there though.   Now, when we talk about the paltry supply of homes since existing homeowners don't want to lose their low rate, it's forced more homebuilders to build - in order to make some inventory available.   It's made a good opportunity for you to buy these homes that are built for renters from Day 1, and rent it to a tenant yourself.    Now, I know that your life is more interesting than watching the NBC Nightly News with Lester Holt and then dozing off to sleep at 9:30 PM (ha!), so in case you didn't catch it, here it is on “Build-To-Rent” last week.   It really takes the perspective of the RENTER and why they want to pay your rent to stay in a Build-To-Rent home… longer than they do for an apartment. This is about 2 minutes long & I'll be back to comment.   BTR on NBC News:  https://youtu.be/BXwTerRQWNo?t=954   Yes, that's the popularity of build-to-rent homes. Something that we've been discussing here at GRE, for, gosh, maybe 8 years now.   Like they said there, rents are on the rise. But they're not rising nearly as fast as they were 1 and 2 years ago. Rent growth has slowed for both SFHs and apartments.   I think that the assurance for prospective income property owners like you is that in your Build-To-Rent properties, you can have a reasonable expectation of high occupancy and low vacancy as long as you buy your SFRs in a decent market.   And see, more often than not, a builder is only going to build new, rental single-family homes if there are plentiful jobs nearby to support that.   So you can kind of crowdsource the due diligence that the builder did on what's demographically and economically feasible if you choose to add these property types.   Despite the build-to-rent properties added, today, America only has half as many homes available as 2019.   Compared to just a year ago, there are 5% fewer available properties today.    But, we've got available Build-To-Rent and existing income property here at GRE Marketplace. Yes, just create one login, one time, and get access to all national providers at GRE Marketplace.com.   But say you want a little help, a little coaching. Say perhaps you haven't bought property before, or you haven't bought one in a while, or you haven't bought property across state lines yet - since that's where the best deals usually are - or you just want to lean on a coach to bounce ideas off of as you're looking for your next investment property.   Well, in that case, you can rely on our free coaching service. That's at GREmarketplace.com/Coach   Our coaches don't blow the whistle at you for missing a play. You'll never find them as grumpy as, say, New England Patriots' Coach Bill Belichick. They're not that kind of coach. It's not the kind of coach that will ask you to start your morning with an ice bath.   And if you're new to real estate, there's no such thing as a stupid question with GRE Investment Coaches. No penalty flags are thrown.   To find that property that builds your residual income and pays you five ways, you can choose which coach you want to have help you.     Coaching is a completely free service to you.   What they do is... Learn your goals Find you the best off-market deals nationwide Find the property provider with incentives. (One provider recently offered 4.75% interest rates, another free PM for one year.) Help write your offer if you would like that Submit earnest money Navigate the inspection Interpret your appraisal Check your management agreement And just ensure a smooth closing day for you Your Investment Coach can do more than this. If you prefer, they can do less than this.   GRE Marketplace is where the coaches source the properties. It is more like an organic farmers' market than a big box store. Property offerings change frequently.   Because there are limited slots available to talk with them through phone or Zoom, it helps if you've got your down payment and are ready to go.   Sheesh. If it were any easier, they'd even make your down payment for you.   Did I mention that it's completely free? To get started, choose your coach and book a time. Start at GREmarketplace.com/Coach   Until next week, I'm your host, Keith Weinhold. DQYD!

A Podcast by BBB of the Tri-Counties A Big thank you to Ayers Automotive Repairs in Santa Barbara for supporting this podcast!   This year's college graduates are getting ready to start their new lives! It's a big transition that includes several important changes. Grads may be moving to a new city, finding a new place to live, or searching for a new job. Graduation also often means new financial responsibilities, such as starting payments on student loans.  College graduates are navigating many life changes, and scammers are eager to exploit their inexperience. The following tips can help new grads avoid common scams. Know the terms of your student loans One of the most common ways scammers target college graduates is with fake loan forgiveness opportunities. You may receive an unsolicited email, phone call, or text message stating that you can qualify for lowered payments through a debt forgiveness program. Fill out a form and pay a fee to use the company's services. Some of these companies are real, but they pitch their services with false claims and incomplete information. Other companies are fakes, only hoping to get their hands on your personal information and money.  Scammers may also contact college grads regarding student loan repayment hiatus in response to COVID-19. See the latest U.S. information on loan repayment. Check Canada's latest student loan information.. Scammers may claim that to take advantage of the program, you must complete a form or pay a fee. You may not need to do this, so check your facts before giving anyone your information. Understanding the ins and outs of your student loan - what kind of interest you owe, when you need to start paying (in most cases, you won't need to make a payment until six months after you've graduated), and for how long you'll be expected to make payments - will protect you from these scams. Be wary of unsolicited messages about unpaid tuition Some con artists contact graduates or their parents, claiming some of their tuition was left unpaid. The graduate's degree will be revoked if it isn't paid immediately. Scammers may ask you to send money via wire transfer or prepaid debit cards. Whether you are contacted by phone, email, or text message, be wary of anyone who contacts you out of the blue. Government agencies, as well as most higher education facilities, will contact you by mail initially. Suppose you aren't sure if a message is legitimate, research to verify the person's claims. Ask to contact them later. Then, investigate by looking up information on the official website or calling your school's bursar's office. Don't give in to pressure to make a decision right away. Do research before accepting jobs or job interviews Scammers may offer recent graduates high-paying, easy, entry-level jobs. Con artists are skilled at drawing new grads in by promoting unrealistic wages for generally labeled job positions, such as “virtual assistant” or “customer service rep.” They may ask for your personal information, including your bank account and Social Security number, claiming they need it to set up direct deposit or file taxes. In other cases, scammers require you to pay for training. In yet another version, you may be “accidentally” overpaid with a fake check and asked to send back the extra funds.  If you are considering a job with a company you aren't familiar with, do some research before you complete an application or agree to an interview. Ensure the company has legitimate contact information and the position is posted on their corporate website. Scammers often steal the names of real companies for their phony job postings.  For tips for avoiding scams while job hunting, check out BBB's report on employment scams. Watch out for rental scams Find a gorgeous apartment in a trendy neighborhood at an affordable price. There's a good chance that it's a scam. According to a survey by Apartment List, 43% of people looking for a rental online have encountered a bogus listing. In many cases, scammers copy the photo and description of real property. Then, they post it online with their contact information and try to get a deposit and the first month's rent from the victim. If you want to rent a home or apartment, find out how much other rental properties in the area cost before signing a lease. Scammers often lure victims by promising low rents, extra amenities, and a great location. It may be a scam if the price seems much better than elsewhere. Also, be sure to see the apartment or house in person. Don't send money to someone you've never met for an apartment you haven't seen. If you can't visit an apartment or house yourself, ask someone you trust to go and confirm that it is what was advertised. Finally, read the lease agreement documents before you sign. Don't be embarrassed to consult with friends or family members who may be more knowledgeable on the subject if you have doubts or questions. See this BBB investigation for more tips on rental scams. Until next time!

Robert Warnock, a senior research associate at Apartment List, joins Lisa Dent to explain why Chicago’s rental prices are among the highest in the country. Follow The Lisa Dent Show on Twitter:Follow @LisaDentSpeaksFollow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka

Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins Jon to talk about a new survey that shows that only 1/3 of Gen X thinks they’ll retire by age 65, Redfin reporting home prices dropping 3%, but monthly housing payments hitting a record high, and Apartment List’s 2023 Millennial Homeownership Report. Segment 2: Jim Dallke, National […]

In this week's episode of Beyond Consulting, we welcome Leo Gong, former consultant at Bain & Company, and current VP of Product at Apartment List.    Leo joins us to talk about the path he chose to take to go from management consulting to product management and the challenges he faced along the way.    Each week, we speak with leaders in venture capital, private equity, investment banking, and consulting to explore the various career options after leaving management consulting firms like McKinsey, Bain, BCG.   Apartment List: https://www.apartmentlist.com/   ECA: https://www.eca-partners.com/   Beyond Consulting: https://www.eca-partners.com/podcast/  

In this Real Estate News Brief for the week ending March 25th, 2023... the Fed's latest rate hike, the impact of high rates on banks, and the top states for tenant migrations.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week. The Federal Reserve hiked the short-term rate once again by a quarter point. The benchmark rate is now 4.75% to 5%. There had been speculation that we'd see a half point rate hike because inflation hasn't been coming down fast enough, but the failure of Silicon Valley Bank forced the central bank to be more cautious. (1)   Fed Chief Jerome Powell said he was surprised at how quickly Silicon Valley Bank collapsed and even admitted that committee members considered a pause in rate hikes. Federal Reserve data shows that almost $100 billion were pulled from accounts during the week that ended March 15th. Most of that money came from small banks, while larger banks saw more of an inflow.   Although depositors have been yanking money from smaller banks, Powell says the deposit drain from small banks has slowed down and the U.S. banking system is “sound and resilient.” He says the Fed set up a powerful backstop for banks, allowing them to tap into an emergency loan program. (2)   It's important to remember that FDIC-insured banks will guarantee deposits up to $250,000 and $500,000 for couples. If you have more than those amounts, you can protect yourself by keeping the maximum-insured amounts at different banks.   Moving on to the job market… The weekly unemployment report shows another drop in claims for new benefits. Those applications declined to a three-week low of 191,000. That indicates that companies are not laying off employees in any great numbers, and that higher interest rates have “not” hit the job market, yet. (3)   New home sales are up for a third month in a row, thanks to a dip in mortgage rates. They rose 1.1% to an annual rate of 640,000 in February. (4) And for the first time in 13 months, existing home sales were higher. According to the National Association of Realtors, they surged 14.5% last month to an annual rate of 4.58 million. NAR says the sale of single-family homes is the highest ever since the association began tracking those sales in 1999. As reported by MarketWatch, there's clearly a pent-up demand for homes as the spring home-buying season gets underway. (5)   Mortgage Rates   Mortgage rates slid closer to the 6% level this last week. Freddie Mac says the average 30-year fixed-rate mortgage was down 18 basis points to 6.42%. The 15-year dropped 22 points to 5.68%. (6)   In other news making headlines...   Small Bank Impact on Real Estate   Pressure on small banks could make it harder to get a real estate loan. According to Goldman Sachs, there are about 4,800 small and mid-sized banks in the U.S. and they are often the go-to lenders for real estate loans, including a high percentage of construction loans. These smaller banks are responsible for 67% of commercial real estate loans and 37% of all residential real estate loans. (7)   As reported by Axios, small banks had already started tightening their lending standards by the end of last year, but now economists are expecting more tightening. CoStar says about 40% of loan officers had tightened their lending standards for commercial real estate loans by Q4 of last year. Only about 5% said they were doing that in Q4 of 2021.   Commercial real estate could face the biggest impact as property owners deal with low-interest loans that are maturing, and a whole lot of half-empty office space. Those loans will need to be renegotiated at higher rates, making it tough on property owners and their lenders loans become unaffordable.   Study: 190 Small Banks Could Collapse   One study projects the failure of 190 smaller banks if depositors decide to withdraw even half their uninsured amounts. The study was done by social Science Research Network and published in USA Today. (8)   The report did not list the at-risk banks but described them as smaller banks with a total of $300 million in FDIC-insured deposits. They are at risk because the value of long-term investments, like government bonds and mortgage-backed securities, has gone down. Economists say if those values decline further, more of those smaller banks could be at risk. Spring Tenant Migration   It isn't just the beginning of the spring home-buying season. Real estate insiders are expecting a huge number of renter migrations as well, and many of those renters are looking for homes in new cities. A study by Apartment List shows that 40% of tenants searched in a new metro last year, while 27% searched in a new state… and that many are considering long distance moves. (9)   Apartment List says those long-distance moves tend to be more common among high-income renters, and that many of them are coming from California and New York. Those two states each lost about a half a million residents from 2020 to 2022. Top destinations for ex-Californians are Nevada, Arizona, Texas, Washington, and Florida, while New Yorkers are heading for Florida, California, Massachusetts, Pennsylvania, and Connecticut.   That's it for today. Check the show notes for links at newsforinvestors.com, and make sure you hit the “Join for Free” button for complete access to our market data and resources for real estate investing opportunities.   It's also important to subscribe to our podcast, and we'd love a review if you haven't left one yet!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/fed-hikes-interest-rates-again-pencils-in-only-one-more-increase-ac42c84e?mod=the-fed   2 - https://www.cnbc.com/2023/03/24/100-billion-pulled-from-banks-but-system-called-sound-and-resilient.html   3 - https://www.marketwatch.com/story/jobless-claims-dip-to-3-week-low-of-191-000-labor-market-still-very-strong-fd75abd1?mod=economic-report   4 - https://www.marketwatch.com/story/u-s-new-home-sales-rise-for-the-fifth-consecutive-month-a8de7116?mod=economic-report   5 - https://www.marketwatch.com/story/u-s-existing-home-sales-rise-for-the-first-time-in-13-months-surging-14-5-in-february-12603067   6 - https://www.freddiemac.com/pmms   7 - https://www.axios.com/2023/03/21/small-bank-struggles-could-hit-the-real-estate-market-hard   8 - https://www.bisnow.com/national/news/capital-markets/186-smaller-banks-risk-of-collapse-mark-to-market-assets-118152   9 -  https://www.apartmentlist.com/research/apartment-list-renter-migration-report-2023?utm_source=linkedin&utm_medium=social&utm_campaign=brandmkt&utm_content=apartment-list-renter-migration-report-2023&sr_share=linkedin

In this episode, we talk with Luke Grieshop. Luke grew up in small town Ohio and moved out to Arizona in 2015. He started his sales career in the desert, and for the last 6+ years has been managing Sales teams at Apartment List, which is an online rental marketplace. Soon after being exposed to the Multifamily industry, Luke began to learn how powerful real estate investing can be. He began his investing journey by BRRR'ing single family homes out of state, and then moved into passive multifamily investments as a Limited Partner. Today he is a Passive investor in 4 syndicated apartment deals. His main focus is helping educate his network on the power of real estate investing and to present opportunities that align with their goals. He does this by forming partnerships with best-in-class operators who have a proven track record of success in their respective markets.Join us for our new episode as we explore ways to help you live the life you deserve! Subscribe to my Youtube channel so you never miss an episode! Visit www.freedominvesting.com to see how we can help you! 

Comments from Fed chair Jerome Powell indicate that we are headed towards even higher interest rates, which will almost certainly present a larger obstacle for potential sellers of apartment properties looking to wait out current conditions and avoid selling in a softening market. Recent reports on housing demand, on the other hand, support continued strong fundamentals for multifamily assets. Sources discussed in this episode: Associated Press: “Powell says ‘no decision' on the Fed's next move on rates” - https://apnews.com/article/federal-reserve-powell-inflation-rates-economy-debt-89c49a1032527f2d2f1d6d674bafe187 The Gray Report: "Invaluable Apartment Market Analysis from Apartment List's Igor Popov" - https://youtu.be/geEPtm94LZA CBRE: “Looming Multifamily Oversupply Likely Will Be Short-Lived” - https://www.cbre.com/insights/briefs/looming-multifamily-oversupply-likely-will-be-short-lived Campden Wealth/Titan Bay: “The Ultra-High Net Worth Private Equity Investing Report 2023” - http://campdenwealthresearch.msgfocus.com/files/amf_campden_wealth/workspace_4/FINAL_Campden_Titanbay_UHNW_PE_report_0322c_spreads.pdf For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.

Gray Capital President and CEO Spencer Gray speaks with Igor Popov, Chief Economist at Apartment, to explain the crucial trends driving housing, apartments, and the economy in 2023. Apartment List Research: https://www.apartmentlist.com/research For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.

Luke grew up in small town Ohio and moved out to Arizona in 2015. He started his sales career in the desert, and for the last 6 years has been managing Sales teams at Apartment List, which is an online rental marketplace. Soon after being exposed to the Multifamily industry, Luke began to learn how powerful real estate investing can be. He began his investing journey by BRRR'ing single family homes out of state, and then moved into passive multifamily investments as a Limited Partner. Today he is a Passive investor in 3 syndications, totaling 500 units. His main focus is on helping educate his network on the power of real estate investing and to present offerings that align with their goals. He does this by forming partnerships with best-in-class operators who have a proven track record of success in their respective markets.Luke's website: https://www.rule72equity.com/For more info, check us out at makeitraincapital.com.Welcome to Make It Rain: Multifamily Real Estate Investing for Millennials!  We're Daisy and Luc, two millennials who love multifamily investing.  With every episode, whether we're discussing a special topic or have on an amazing guest, the goal is to provide education and resources for anyone interested in investing in multifamily real estate, especially if you're a millennial.  We're excited to chat with you about the what's, the why's, the how's, the who's.  The best way to show support is to share it with anyone who might benefit from it and leave us an awesome review. Check out our website at makeitraincapital.com for more goodies.  Take action on your financial future TODAY!

Rent inflation went wild in 2021 and 2022, turning it into one of the most substantial drivers of overall inflation. But good news: it seems pretty clear that rents are now finally falling. Private sector measures, from companies like Apartment List and Zillow are starting to show a clear decline. So what's changed? How hard could rents drop? And could a renter in a place like New York City actually get a rent reduction? On this episode of Odd Lots, we speak with Chris Salviati, the top housing economist at Apartment List, to discuss what's changed and what 2023 has in store.See omnystudio.com/listener for privacy information.

On today's episode, Igor Popov is joining us to dissect and discuss trends in the rental market. Igor is the Chief Economist and Head of Analytics over at Apartment List and he and Clayton talk all things rental housing market data derived from the most recent national rent report by Apartment List, including rent growth data in 2022 and how remote work will most impact the rental market in specific spots across the country.They also dive deep into the rental pricing and demand trends that began to form in Q3 of 2022 and how these trends are shaping Igor's predictions for 2023.Enjoy the episode!Be sure to check out our Youtube channel here for special behind-the-scenes content and video versions of HW Media podcasts!The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by the HW Media team. 

In this Real Estate News Brief for the week ending January 14th, 2023… the good news about inflation, a few new potentially hot real estate markets, and the recent surge in U.S. population growth.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week, and good news about inflation. For the first time since the beginning of the pandemic, consumer prices were down. The Labor Department reports that the Consumer Price Index fell .1% in December. The decline brings the annual rate of inflation down from 7.1% to 6.5%. It was up as high as 9.1% last summer. The core rate of inflation is considered a more accurate gauge of inflation because it eliminates food and gas prices which can be volatile. That rate was down .3% to a core rate of 5.7%. (1)   The December reading is proof that inflation is subsiding, and is giving economists hope that the Federal Reserve will back off on the rate hike gas pedal. Senior economist Dean Baker at the Center for Economic and Policy Research says: “It's time for the Fed to declare victory and stop the rate hikes!”   But in general, economists don't think that will happen. Instead, they are predicting the Fed will go easy on the rate hikes with a quarter point hike at their meeting on February 1st, and possibly another quarter point hike in March. That would bring the Federal Funds rate to a range of 4.75% to 5%. What happens next might be too far off to predict, but economists at the CME Group are forecasting a pause followed by a half point rate cut later this year. (2)   The job market continues to show strength. New claims for unemployment benefits were down last week to 205,000. That's a 1,000 claim drop from the week before. Wall Street economists had expected a 10,000 claim increase. There were also 63,000 fewer continuing claims for a total of 1.63 million people collecting unemployment benefits. (3)   Consumers are feeling much more confident about the economy. The University of Michigan's consumer sentiment index jumped from 59.7 to 64.6 in December. That's still far from a peak of 88.3 in April of 2021, but it's a big improvement over recent levels. (4)   Mortgage Rates   Mortgage rates swung lower last week. Freddie Mac says the average 30-year fixed rate mortgage was down 15 basis points to 6.33%. The 15-year was down 21 points to 5.52%. (5) And they could be heading lower. Economist Nadia Evangelou of the National Association of Realtors believes the 30-year will dip below 6% in the near future, and will likely stabilize in the 5% range for the rest of the year. (6)   In other news making headlines…   Rent Growth Is Slowing Down   Renters are expected to gain some bargaining power in 2023 as rent growth slows, and the vacancy rate rises. According to ApartmentList, the national median rent growth was 3.8% last year, and it's  expected to slow further this year. The report shows that 90 of the nation's 100 largest cities saw an end-of-the-year decline for apartment rents with a vacancy rate of 5.9%. (7)   But not all markets are created equal. The Sun Belt markets have experienced phenomenal growth over the past few years. According to some analysts, they may have hit a growth peak, with cities like Tampa and Tucson gaining almost 40% in rent growth. Although demand is still driving those markets, Apartment List expects more affordable cities in the Midwest to attract attention this year. It says that during the last six months, the top three cities for growth were the Midwestern cities of Indianapolis, St. Louis, and Oklahoma City.   North Texas Popularity   Universal Studios is also recognizing North Texas as a strong growth market, with the announcement of a new theme park. It plans on building a 97-acre theme park in Frisco, Texas, where the population has almost doubled from 117,000 in 2010 to more than 200,000 in 2020. Frisco Mayor Jeff Cheney said in a statement: “Frisco is one of the fastest growing cities in the U.S. and has been recognized as a great place to plant professional roots and raise a family.” (8)   Frisco is part of an area north of Dallas that is attracting technology companies, including several large chip-making facilities. That's creating tens of thousands of jobs, and a strong demand for housing. This is why we started our Texas Single Family Rental Fund – to help investors capitalize on the growth in this area. If you want to find out more about that, go to GrowDevelopments.com.   Post-Pandemic Baby Boom   U.S. population growth rebounded during the last two years. According to Census Bureau data, it hit an historically low birth rate of .16% between 2020 and 2021. And then it went into overdrive, and jumped to .38% from 2021 to 2022. That growth spurt added about 1.25 million people to the population roster for a total of 333 million.    Florida was the fastest growing state with a growth rate of 1.91%. It also had the second largest numerical increase of 416,000. Texas was first on that list with about 470,000 more people. Both Texas and California have the largest populations in the nation with more than 30 million people each.   That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!   You can also join RealWealth for free at newsforinvestors.com to learn more about how you can build generational wealth with real estate.   Thanks for listening. I'm Kathy Fettke.     Links:   1 - https://www.marketwatch.com/story/inflation-softens-at-the-end-of-2022-and-clears-path-for-slower-fed-rate-hikes-11673530439?mod=economic-report   2 - https://www.cnbc.com/2023/01/12/time-for-the-fed-to-declare-victory-on-inflation-not-yet.html   3 - https://www.marketwatch.com/story/jobless-claims-show-no-spike-in-layoffs-11673531088?mod=economic-report   4 - https://www.marketwatch.com/story/u-s-consumer-sentiment-jumps-to-nine-month-high-as-high-inflation-ebbs-11673622868?mod=economy-politics   5 - https://www.freddiemac.com/pmms   6 - https://www.nar.realtor/magazine/real-estate-news/economist-mortgage-rates-will-dip-below-6-soon   7 - https://www.bisnow.com/national/news/multifamily/rental-rates-cooling-in-2023-the-midwest-surprises-117053   8 - https://www.bisnow.com/dallas-ft-worth/news/commercial-real-estate/a-universal-studios-theme-park-is-headed-for-north-texas-117148   9 - https://eyeonhousing.org/2023/01/u-s-population-growth-rate-rebounds-in-2022/

In this Real Estate News Brief for the week ending January 7th, 2023... home loan rates are hitting home prices, rent growth slows on apartments and single-family rentals, and lumber prices have returned to pre-pandemic levels.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week. Federal Reserve officials are seeing a long-term need for higher interest rates, according to the minutes of their last meeting. They raised the short-term rate by a half point at that meeting to a range of 4.25% to 4.50%. That's after four three-quarter point rate hikes during past meetings. Minneapolis Fed President Neel Kashkari sees the federal funds rate going as high as 5.4%, or higher if inflation doesn't settle back down. Their preferred inflation gauge showed a core rate of 4.7% in November, which is well above their target rate of 2%. (1)   At this point, the economy remains strong with a Q4 GDP of 3.9% and a job market that is running hotter than the Fed would like to see. Last week, unemployment applications fell to a 3-½ month low of 204,000. As reported by MarketWatch, jobless claims were down in 30 of the 53 states and U.S. territories. Continuing claims were also lower by 24,000 to a total of 1.69 million. This kind of data shows that the economy continues to grow as the Fed raises rates to slow the economy and tamp down inflation. (2)   The latest report on job growth shows that U.S. companies added 223,000 jobs in December and the unemployment rate dipped from 3.6% to 3.5%. That's more proof of economic growth, but the report also shows that wage growth is slowing down. As MarketWatch reports, hourly wage growth was only up .3% in December to an annual rate of 4.6%. That's down from 4.8% last month. (3)   The latest report on job openings shows that they decreased slightly from October to November, to a total of 10.5 million. It also shows that workers are quitting in high numbers. Both are signs of a strong job market. (4)   We have a bit of housing market news. The National Association of Home Builders released its construction spending report for November which shows a .2% increase. That's higher than a forecast by Wall Street analysts who expected a .4% drop. Private residential construction was down half a point while private non-residential spending was up almost two points. (5)   Mortgage Rates   Mortgage applications were down last week, as rates moved higher. Freddie Mac says the average 30-year fixed-rate mortgage was up 6 basis points to 6.48%. The 15-year was up 5 points to 5.73%. (6)   It's been a roller coaster ride for mortgage rates. Rates were subsiding at the beginning of December, but they surged again during the second half of the month. According to the Mortgage Bankers Association, mortgage application volume was down 13.2% during the last two weeks of the year. For refinancing loans, there was a bigger drop of 16.3%. (7)   In other news making headlines...   High Loan Rates Hit Home Prices   Higher mortgage rates are taking a bite out of home price growth. According to CoreLogic data, annual home price growth dropped below 10% for the first time in almost two years. It was down 8.6% and is now 2.5% lower than it was last spring and falling. Analysts expect to see “negative” home price growth sometime this spring, before it bounces back into the 2 to 3% range, next fall. (8)   The Sun Belt states are showing the highest home price growth, with Florida, South Carolina, and Georgia leading that list. Washington, D.C. is at the bottom, with a current year-over-year reading of 1.2%.   Rent Growth Declines Faster than Normal   Rent growth is also slowing down. Apartment List's National Rent Report shows that apartment rent growth was down in December, for a fourth month in a row to an annual rate of 3.8%. That's a far cry from the 17.6% rate of growth in 2021. (9)   Single-family rent growth is showing more strength. According to data from CoreLogic, single-family rents are still growing at an annual rate of 8.8%. That's the lowest rate of appreciation we've seen in more than a year, but it's also about three times higher than it was before the pandemic.   Lumber Prices Come Back to Earth   Lumber prices have finally come back down to earth. According to industry experts, they are now around $375 for 1,000 board feet of framing lumber. That's cheaper than pre-pandemic levels of around $400, and much less than a pandemic peak of $1,733. (10)   Lumber prices are usually the highest in April and May so some of the price drop is due to the season. But the experts are not expecting to see another huge run-up in prices next Spring.   That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!   You can find out more about real estate investing as a member of RealWealth. It's free to join at newsforinvestors.com.    Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.cnbc.com/2023/01/04/fed-minutes-december-2022-.html   2 - https://www.marketwatch.com/story/jobless-claims-fall-to-3-1-2-month-low-of-204-000-in-sign-labor-market-still-too-hot-for-the-fed-11672926160?mod=economy-politics   3 - https://www.marketwatch.com/story/u-s-adds-223-000-jobs-in-december-and-jobless-rate-matches-55-year-low-of-3-5-11673012538?mod=economy-politics   4 - https://www.marketwatch.com/story/u-s-job-openings-stay-high-at-10-5-million-and-show-labor-market-still-very-strong-11672845265?mod=mw_latestnews   5 - https://www.marketwatch.com/story/construction-spending-rises-by-0-2-in-november-11672758912?mod=economic-report   6 - https://www.freddiemac.com/pmms   7 - https://www.cnbc.com/2023/01/04/mortgage-demand-plunges-interest-rates-rise.html   8 - https://www.cnbc.com/2023/01/03/home-price-gains-weaken-november.html   9 -  https://calculatedrisk.substack.com/p/rents-continue-to-decline-more-than   10 - https://www.calculatedriskblog.com/2023/01/update-framing-lumber-prices-down-67.html

Some impactful trends of 2022 may not be as prominent next year. For example, this year's dramatic interest rate increases are expected to plateau and 2022's high levels of inflation will likely to decrease in 2023. That being said, many of the major forces driving the multifamily market will continue. The critically low supply of housing may not have gotten as much attention in light of the declining rent and single family home prices this year, but housing demand will remain high until single family and apartment construction dramatically increases, which will not happen overnight or next year, for that matter. Sources discussed in this episode: Apartment List: “2022 Rental Market Recap Report – 9 Key Trends” - https://www.apartmentlist.com/research/2022-rental-market-recap-report-9-key-trends St. Louis FRED: “Household Estimates” (Click “Edit Graph” and change Units to “Percent Change from Year Ago” to get a view of changing household formation) - https://fred.stlouisfed.org/series/TTLHHM156N#0 Federal Reserve Bank of the United States: “Summary of Economic Projections, December 14, 2022” (page 4 contains dot plot of interest rate projections) - https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20221214.pdf Wisconsin Institute for Law and Liberty: “How Laws and Regulation Add to Housing Prices in Wisconsin” - https://will-law.org/wp-content/uploads/2022/12/Housing-FINAL-2.pdf Berkadia: “Rent Control 2022 Elections Update” - https://base.berkadia.com/wp-content/uploads/2022/12/Berkadia-Rent-Control-2022-Elections-Update.pdf The Atlantic: “The Obvious Answer to Homelessness” - https://www.theatlantic.com/magazine/archive/2023/01/homelessness-affordable-housing-crisis-democrats-causes/672224/ The Manhattan Institute: “How to Fight Housing Price Inflation Policy Menus for Stopping Government-Induced Housing Woes from Spreading Beyond the Coasts” - https://www.manhattan-institute.org/how-to-fight-housing-price-inflation For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter/ DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest.

Welcome to today's episode where Jason is joined by his faithful companion Coco, as he steers clear of the ‘thought police,' talking about the Apartment List Survey happening during the nation's midterm ‘erection' and how the housing market has become a political issue for most Americans! Jason also talks about the CPI, which he calls the ‘CP LIE' vis a vis the PCE or the Personal Consumption Expenditures. Moreover, a shocking, tectonic shift in the renter market has taken place, something he predicted back in March of 2022!  He is then interviewed by James Schlimmer and John Bowens of the Building Equity Podcast where Jason talks about the current state of the economy and the housing market and how it stacks up to other commodities by using his Hartman Comparison Index. And you can also buy your tickets NOW to the Empowered Investor LIVE event this January 27-29 happening at a beautiful resort in Scottsdale, Arizona! Early bird rates are going fast. You can also get HUGE discounts on this and all of Jason's events when you become an Empowered Investor Pro member. Just go to EmpoweredInvestor.com. Once a member you can also join their MONTHLY Zoom meeting happening every first Tuesday of the month. So sign up and be part of a community of like-minded investors when you become an Empowered Investor Pro member! Key Takeaways: 0:00 Welcome to Episode 1915! Check out that beautiful animal behind Jason! 1:48 The Erection: Avoiding the ‘Thought Police' 2:33 Apartment List Survey: Rising Housing Costs A More Salient Political Issue for Renters 9:31 Institutional Investors are still a drop in the bucket 11:40 The standard measure of inflation: The CP Lie 13:07 PCE- Personal Consumption Expenditures 15:55 Renters' gradual shift toward suburban and rural areas-Just as Jason predicted back in March 2022 18:00 Empowered Investor Pro Community Monthly Zoom Meeting and the LIVE event in Scottsdale, Arizona Jason Interviewed by James Schlimmer and John Bowens, Building Equity Podcast 19:39 The current state of the US housing market 20:42 Historically, housing inventory is very, very low and cheap mortgages are not helping 22:48 Mistakes new investors make 26:06 What is your measuring stick? 26:43 Tale of 3 markets; sampling Memphis, Indianapolis & Los Angeles 29:03 A skewed housing market data 30:33 The Hartman Comparison Index 31:03 Median home price versus the price of gold 33:20 Median home price versus the price of oil 35:12 Rice and the S&P 36:15 Coaching session with Jason and the Empowered Investor LIVE event in Scottsdale, Arizona 37:25 After a catastrophe like a hurricane, there is MORE demand for housing Featured: https://www.investopedia.com/terms/p/pce.asp   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

Apartment List is a Multifamily Industry ILS. They are doing things different then the competition in the market. In this episode we chat with the CEO Matthew Woods.

The core aspect of product management is the “why”. That's what Leo Gong, VP of Product at Apartment List, truly believes in. In this episode of the Product Chats, we dive deep into his journey in product management and his tips on really understanding your customers and team members. We also discuss the importance of the product vision and, of course, the “why” behind all of it.  Time Stamped Show NotesGetting into product management [01:41]Connecting with your customers [03:35]Being explicit about user problems and personas [06:49]Truly understanding your users [08:37]The importance of product visions [10:24]Launching a new product from scratch [12:58]What not to do when launching a new product [14:28]Communicating your product vision [17:10]Putting your people first [19:05]Advice for aspiring product managers [25:00]  Product Chats is brought to you by Canny. Over 1,000 teams trust Canny to help them build better products. Capture, organize, and analyze product feedback in one place to inform your product decisions.Get your free Canny account today. Stay Connected!TwitterFacebookLinkedIn

SUMMARY: Building permits and housing starts were down for the month but they didn't fall as much as expected, the Fed's attempt to lower demand could also end up lowering supply, and Rob Warnock at Apartment List writes about household formation during the last two years that caused an explosion in demand for housing...Sources:New Construction Falls But Not as Much As ExpectedMore Than Two Million Households Disappeared & Then Reappeared During The PandemicHousing Supply Woes (Axios)

In this Real Estate News Brief for the week ending July 2nd, 2022... why inflation appears to be slowing, what the GDP says about a potential recession, and the latest reports on rent growth.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week. The rate of inflation appears to have slowed a bit. The Personal Consumption Index, or PCI, was up .6% in May with a yearly rate that was unchanged at 6.3%, but the core rate was down slightly. The core rate doesn't include prices for food or fuel, and the yearly rate for that dropped from 4.9% in April to 4.7% in May. The Federal Reserve feels the PCI is more accurate than the Consumer Price Index or CPI, because the PCI factors in more variables, such as changes in consumer behavior. (1)It's now official. The economy shrank 1.6% in the first quarter, and the Atlanta Federal Reserve is forecasting a negative reading for the second quarter as well. The Atlanta Fed GDPNow tracker indicates that the economy shrank 1% in Q2. Two consecutive quarters of negative economic growth is interpreted as a recession. But MarketWatch reports that some economists are forecasting growth in the second quarter. We won't have the official reading until the end of this month. (2)(3)As concerns mount about a long-lasting recession, there are now predictions that the Fed will be cutting rates next year, not raising them. CNBC reports that most analysts expect the Fed to continue hiking rates until the end of “next” year, but global chief economist at UniCredit, Erik Nielsen, told CNBC: “Can you really hike interest rates into a recession even if inflation is high? That would be unusual.” Michael Yoshikama of Destination Wealth Management also feels that the Fed will reverse its course and cut rates by the end of “this” year. The predictions are all over the map however. The president of the Federal Reserve Bank of Cleveland, Loretta Mester, expects growth to slow but doesn't expect to see a recession. Ark Invest CEO, Cathie Wood, told CNBC that the U.S. is already in a recession. (4)Initial jobless claims were down by about 2,000 last week, to a total of 231,000, but the four-week average is slightly higher. Continuing claims have continued to fall and are now back down to pre-pandemic levels. MarketWatch economists feel that layoffs may remain low because companies have already had a tough time filling positions, and won't want to let anyone go. (5)Pending home sales have rebounded somewhat. The National Association of Realtors says they were up .7% in May after six months of declines. But there are still challenges ahead for the housing market. NAR's chief economist Lawrence Yun says: “Despite a small gain in pending sales from the prior month, the housing market is clearly undergoing a transition.” He says: “Contract signings are down sizably from a year ago because of much higher mortgage rates.” Year-over-year, they are down 13.6%. (6)Meantime, home prices are up again. The S&P CoreLogic Case-Shiller 20-city index shows a 21.2% year-over-year increase in April. That's up from 21.1% in March. The Federal Housing Finance Agency reports a slightly slower rate of growth. It says that home price growth is up 18.8% year-over-year. (7) Construction spending was down slightly in May, but remained the same for new single-family and multi-family homes. (8) And consumer confidence hit a 16-month low in June, due to concerns about the economy, high prices, and the possibility of a recession. (9)Mortgage RatesThe rise in mortgage rates took a break last week. Freddie Mac says the average 30-year fixed-rate mortgage fell 11 basis points to 5.7%. The 15-year dropped 9 points to 4.83%. (10)In other news making headlines…Homebuyers Lose Purchasing PowerA new study shows that a typical homebuyer has lost more than $100,000 in purchasing power because of high interest rates. Redfin says that a homebuyer that can afford $2,500 a month in mortgage payments can only buy a home worth about $400,000 right now, or $120,000 less than they could at the end of last year. For someone who can afford $3,500 a month, the budget cut is more like $165,000. (11)Redfin's chief economist Daryl Fairweather says: “Many house hunters now need to consider smaller homes – perhaps farther from their ideal neighborhood – or stick to renting if they're priced out of the market altogether.”Rent Growth Hot, but SlowingRents continue to rise across the country, but the pace is slowing down. The latest report from CoreLogic shows that single-family rents continue to move higher. The year-over-year rate in April was 14%. That's more than double what it was in April of last year. (12)And CoreLogic economist, Molly Boesel, doesn't see it slowing down anytime soon. She says: “We expect single-family rent growth to continue to increase at a rapid pace throughout 2022.”A new report from “Apartment List” shows similar rent growth for apartments. The year-over-year increase for July is 14.1% but the report says that apartment rent growth is slowing down. It was 17.8% year-over-year at the beginning of the year. (13)That's it for today. Check the show notes for links. You can also find out more about how changes in the economy are impacting the real estate market by listening to one of my recent webinars. It's called “The Changing Tides of 2022: How to Prepare as a Real Estate investor.” You'll find the webinar under the “Learn” tab on our website at newsforinvestors.com.Thanks for listening! And please remember to hit the subscribe button, and leave a review!I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-pce-inflation-and-consumer-spending-11656591128?mod=economic-report2 -https://www.marketwatch.com/story/its-a-wrap-u-s-first-quarter-gdp-shrank-1-6-the-second-quarter-isnt-looking-much-better-11656506598?mod=federal-reserve3 -https://www.fastcompany.com/90766283/recession-fed-gdp-tracker-atlanta4 -https://www.cnbc.com/2022/07/01/fed-could-cut-interest-rates-in-2023-analysts-say-after-rate-hikes-this-year.html5 -https://www.marketwatch.com/story/jobless-claims-inch-lower-in-latest-week-11656592825?mod=economic-report6 -https://www.marketwatch.com/story/u-s-pending-home-sales-rebound-in-may-reversing-a-six-month-decline-11656338457?mod=economic-report7 -https://www.marketwatch.com/story/home-price-growth-continues-slows-in-april-case-shiller-says-11656422745?mod=bnbh_mwarticle8 -https://www.marketwatch.com/story/u-s-construction-spending-fell-marginally-in-may-271656686288?mod=search_headline9 -https://www.marketwatch.com/story/consumer-confidence-falls-to-16-month-low-on-worries-about-inflation-and-economy-11656425418?mod=economic-report10 -https://www.freddiemac.com/pmms11 -https://www.cnbc.com/2022/06/28/rising-interest-rates-cost-typical-homebuyers-16-percent-of-purchasing-power.html12 -https://www.corelogic.com/intelligence/april-jump-in-us-rent-price-growth-puts-pressure-on-inflation-corelogic-reports/13 -https://www.apartmentlist.com/research/national-rent-data

Another bonus episode with our lovely partners at Apartment List! Mindy Himmel, VP of Partnerships at Apartment List, and Dorota Firek, Knock's Head of Partnerships, join us to talk about how the integration between Apartment List and Knock can increase your lead-to-lease conversions 4x.

Anyone trying to get into a new home right now knows they're dealing with one of the toughest and most expensive housing markets in recent history. Interest rates, home prices, and rental rates are all going up. What do you do if you're in the market for a new place to live?  We caught up with the stars of the hit HGTV show “Unsellable Houses,” twin sisters Leslie Davis and Lyndsay Lamb, about trends they're seeing in real estate so you know what to expect. But first, Apartment List's chief economist Igor Popov breaks down why we're seeing the market as it is now and how it impacts buyers, sellers, and renters. He also shares his advice and predictions for the months and years ahead. This episode is brought to you by Zocdoc.com/newsworthy and Indeed.com/newsworthy Get ad-free episodes and support the show by becoming an INSIDER: www.theNewsWorthy.com/insider  

Sam Parr catapulted to celebrity status within the startup world when he sold a daily newsletter called The Hustle for a reported 8 figures. But how did this down-to-earth guy with no previous media experience build such a valuable company? This episode breaks down that story. You'll hear exactly how Sam Parr went from being a scrappy college kid with a hot dog stand to one of the leading voices in entrepreneurship.Thanks to this episode's sponsor, Chicago Partners, a team of financial advisors who specialize in wealth management: https://ChicagoPartnersLLC.comFor more stories like this one, sign up for our newsletter: https://TheyGotAcquired.com/newsletterTo get the full transcript of this episode, go to: https://theygotacquired.com/podcast/sam-parr-the-hustle

Katrina Benjamin currently is the CPO at Apartment List where she oversees Product Management, Design, Research and Analytics. Prior to Apartment List, Katrina spent 8 years at Upwork leading Operations, Marketing and Product teams. She was most recently VP of Product and GM of Talent Marketplace. She started her career in Operations and Strategy at Oportun Financial, a financial technology start-up. She is a graduate of Stanford's Graduate School of Business. Katrina lives in Colorado with her husband and three young children.Check out more about what we're up to at Range.vc Connect with Adam and Chris and the Range VC team on LinkedInSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Increased demand, limited supply, and a relentless global pandemic have created the perfect storm in the housing market — forcing prospective buyers and renters to turn to the internet for insight. And today, thanks to the market research work of Igor Popov and his team, it's likely their first search result is Apartmentlist.com. As Chief Economist and Head of Product Analytics at Apartment List, Igor leads the research team in publishing original housing market research — an initiative that has played an integral role in driving the companies' SEO, communication and brand differentiation strategy. Igor also teaches an undergraduate seminar titled "Housing, Neighborhoods, and Homelessness" at Stanford University, and his research has been published in the American Economic Review. Prior to joining Apartment List, Igor worked as an economist and data scientist at Airbnb and earned his Ph.D. in economics at Stanford University. In this episode, Igor shares insight into how an external-facing data & research program operates, its benefits, and practical advice for getting one off the ground. We also dive deeper into: How the pandemic & remote work has impacted the housing market Research techniques for quickly capturing data The future of the housing market The importance of making investments in data storytelling Building differentiation and credibility in a saturated market How research has been a driver of Apartment List's communication strategy How to build an externally-facing data and research program How to select the right data projects The value of data in online marketplaces The evolution of online marketplaces  Check out these resources that were mentioned in the show: Connect with Igor on LinkedIn & Twitter Check out Igor & his team's work on Apartment List  If you want to hear more, subscribe to Leading with Data onApple Podcasts,Spotify, orhere. Listening on a desktop & can't see the links? Just search for Leading with Data in your favorite podcast player.

Rents are skyrocketing, up 11.4% just since the start of this year per Apartment List. Increases like this could mean a 25% increase in your cash flow. Rod Khleif has made big failures. I mean that in the best way. Ultimately, he was willing to fail often in order to become the giant success that he is today. He lost $50M in the 2008 crash, even though his properties were at 30% LTV (70% equity). Rod is a multifamily apartment building investor and syndicator. He motivates many with his successful seminars.   We discuss “The Law Of The First Deal”. Who you spend time with is who you become. He's an active RE buyer now, with 296 units under contract in San Antonio. However, he sees an economic contraction coming. To hedge against a potential RE market downturn, Rod likes to avoid C-Class property. He likes investing in “A” and “B” areas in southern states. Resources mentioned: Show Notes: www.GetRichEducation.com/361 Rod Khlief's website: RealEstateWithRod.com Rod's podcast: Lifetime CashFlow Through Real Estate  Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: www.CashFlowAndGrowth.com eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

A NEW REPORT has confirmed the anecdotes: Seattle rent prices are almost as ridiculously high as they were before the pandemic.The median monthly cost for a one-bedroom in July is $1,633, and a two-bedroom now fetches $2,037 citywide, according to Apartment List's latest rent review. The site found that rents across Seattle have climbed to just 5 percent below their pre-pandemic levels, a trend that tracks with a national uptick but marks a significant departure from 2020′s price free fall.After coronavirus arrived in earnest last year, Seattle experienced a 22 percent drop in rents, the second-steepest dive of any major American city. This relief wasn't felt universally: A Zillow analysis found that more expensive zip codes saw faster declines than less expensive ones, and Redfin reported that many of the city's residents remained rent-burdened.Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.Support the show (https://www.patreon.com/seattlerealestatepodcast)

Today, Theo analyzes the May 2021 National Rent Data Report published by Apartment List. He breaks down the record-breaking growth we've seen in the past few months, how the markets are performing versus pre-pandemic projections, and which markets continue to boom through pandemic recovery.  To listen to other Syndication School series about the “How To's” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

We discuss newsletters, email marketing, and copywriting with Sam Parr of TheHustle. Make sure to subscribe for more videos like this: https://www.youtube.com/kopywriting?sub_confirmation=1 ▶️ Also join our new "Copywriting Course Clips" channel: https://www.youtube.com/channel/UCWSM9I6Zo9v3ZgXdgcAn07A (https://www.youtube.com/channel/UCWSM9I6Zo9v3ZgXdgcAn07A) Sam Parr originally worked for the TV show American Pickers, then started an online liquor store in college, then, started and ran a hotdog stand called Southern Sam's: Wiener's as Big as a Baby's Arm, then started a roommate matching app called Bunk, which was then acquired by Apartment List. When I first him he had an online store selling a poison ivy remedy called Itch Juice. Then he started a small conference called Bootstrap Live, which then turned into HustleCon, which then got really big and spun off a company called TheHustle which is a newsletter with around 1.3m readers a day. Then he spun off even more products like Hustle Trends and The Ideation Bootcamp. Follow Sam Parr and TheHustle:

Segment 1: Karen Freeman-Wilson, President of the Chicago Urban League, joins guest host Ilyce Glink to talk about how the Urban League fights for racial and economic justice and the work they are doing with small business amid COVID-19. Segment 2: Chris Salviati, housing economist at Apartment List, tells Ilyce about a new study that […]

In this week’s episode, we discuss Elon Musk’s Starlink bid to provide northern Canada with high-speed internet and who benefits from these people coming online beyond just the residents. We also talk about the current state of the stock market, why shipping Alberta oil to eastern Canada via tankers might not be so crazy, and lastly the ongoing Tik Tok war - their secret sauce for virality and why Facebook might not want it to be banned in the US.On Spotify click these timestamps in the show notes to skip ahead in the episode. Elon Musk + SpaceXStarlink (1:10)The current state of the stock market (12:50) Alberta oil controversy (18:40)TikTok war (23:45)Listen on Apple, Spotify, or Google Podcasts.If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.👉 For specific investment questions or advice contact Gold Investment Management.🌠 What happens when the rest of the world comes online? This came to our attention because Elon Musk’s SpaceX recently applied for a telecom license to be able to provide northern Canada and US with high-speed internet access. The plan is to launch thousands of small satellites (via their Starlink program) in low-Earth orbit that work in combination with ground transceivers. Whether he’s the one to do it or not there’s generally a consensus, especially in a remote-first world, that everyone should have internet access. So, what happens now, does everyone move to the suburbs? Not so fast. While it’s not hard to find tweets about people leaving SF or NYC, Apartment List recently did a study that revealed fewer people might be looking to move than it seems. (click here or on the images for the full report + less blurry version)There seems to be a similar story in Toronto with the GTA area expected to keep growing in upcoming years. (fyi - this data below is pre-COVID)So, who benefits? One prediction is Smartcenters REIT - listen to the first segment of the podcast for context (5:45)📈 How do you rationalize the stock market right now? The context for $3T AMZN - that deck was put together in 2016. The context for why Mark Cuban is saying this feels a lot like 2000.Listen to the segment at (12:50) for an explanation of why this is a bubble and what’s causing the run-up. 🛢️ Is tanking Alberta Oil to eastern Canada actually crazy? The common opinion here is that it’s safer, faster, and cheaper to pipe Alberta oil east. Listen to the segment at 18:40 to find out why at least 2/3 of those statements are wrong and why this might not actually be so “clumsy” after all.🇨🇳 Why would Facebook want to prevent Tiktok from being banned in the US? While discussing the virality of TikTok and how it got so popular we used how much influencers are getting paid for different types of posts as context to where their attention is going. This video gives a lot of insight into how much big influencers are charging for sponsored posts.This is the mammoth article that we referenced by Ben Thompson that explains in detail the geopolitical and privacy issues surrounding the app. 🔮 Predictions:A connected world will increase sprawl surrounding major cities. (benefactors include SRU.UN)The stock market is in a bubble. We keep shipping WCS east because it’s actually faster.Facebook does its best to prevent TikTok from getting banned and setting a precedence of them getting banned in other countries.p.s. If you have been forwarded this newsletter, click the button below to subscribe!p.p.s. This week’s riddle:Summer’s over in 5 weeks.No more Instagram photos under palm trees, no more Fyre Festival ads on jet skis. But to this island, you could still go, so long as you don’t have an American in tow.Answer from last week: Kevin HartEnjoy the rest of your week! Get on the email list at reformedmillennials.substack.com

Selvish Capers is from New Orleans, Louisiana and played football at West Virginia University. He was drafted in the 7th round of the 2010 NFL draft by the Redskins. He won Super Bowl 2012 with the New York Giants and spent time in the CFL with the Edmonton Eskimos and Winnepeg Blue Bombers. After retiring from professional sports, he went to go with at Stub Hub and is currently the Director of Diversity and Inclusion at Apartment List.

The pandemic changed things overnight, creating an environment that continued the differentiation between the two different economies in society these days. The correlation between income and people able to work from home is high. Business owners and politicians haven't caught up to the times. Igor Popov, Chief Economist at Apartment List and former economist at Airbnb, joins Adam and Naresh to talk about the future of multifamily properties, what types of properties people are looking for right now, as well as how short-term rentals and vacations are going to be impacted. Website: www.ApartmentList.com/Rentonomics The Economy's Growing Remote Work Divide Featured Photo by Nate Watson on Unsplash www.WorkFromHomeShow.com

With over 30 million job losses in a matter of months, many landlords have been terrified they will not be able to collect enough rental income to cover expenses. So far, rent collection has been close to normal with strategies to put some tenants on payment plans. But the pandemic has new lessons about rent collection success, and what real estate investors need to think about in determining a good rental market.   Today’s guest is the Chief Economist at Apartment List where he leads the Rentonomics team in publishing original housing market research. Prior to joining Apartment List, Igor Popov worked as an economist and data scientist at Airbnb and earned his Ph.D. in economics at Stanford University. He thinks outside the box and has his own theories about the shape of the recovery, the importance of jobs that are either essential or remote, and how that will impact rental housing. Welcome, Igor.   www.RealWealthShow.com  

【学历门槛降至“无学历要求”，养老护理员招人太难了】据民政部、国家卫健委等部门统计，我国目前有2.49亿老年人、4000万失能半失能老年人，而养老护理从业人员仅有30万名，反差极大的三个数字揭示了养老护理人员目前的巨大缺口。而除了数量少，人员素质良莠不齐、专业能力有限、流动性大等也成为困扰这个行业发展的难题。（21世纪经济报道） 【IMF总裁：中国经济将将向消费和服务业驱动转型 】日前，国际货币基金组织（IMF）新任总裁格奥尔基耶娃履新后首次访问中国。她表示，在当前全球经济增速预期降至10年来新低的背景下，中国经济增速虽然有所下滑，但依然位于目标区间内。中国经济对世界经济增长的贡献率约为三分之一，中国经济将逐渐从以制造业为主的增长模式向消费和服务业驱动转型。她指出，贸易争端所引起的不确定性，是2019年全球经济增长放缓的最重要原因，也将使全球生产总值降低七千亿美元。（人民日报） 【5G标准必要专利，我国企业占34%居全球排行榜首位】在全球5G标准必要专利声明中，来自我国企业的占34%，居全球排行榜首位。据北京市经信局统计数据，截至今年3月，共25家企业披露了1.3万多族5G标准必要专利，其中来自华为的占20%，位居全球企业第一。近年来，我国已成为全球重要的5G专利申请聚集地之一。截至今年9月，在5G关键技术领域，全球范围内已公开专利申请总量为7万多项。其中，向我国提交的申请量为19334项，约占总数的27%。（证券时报） 【产量世界第一！中国自行车保有量近4亿辆 】据2019中国自行车产业大会公布的数据，中国自行车已累计出口超过10亿辆，进入全球160多个国家和地区。电动自行车是中国首创，且年产值超过千亿元，创下又一个“世界第一”。中国自行车社会保有量已近4亿辆，电动自行车近3亿辆，均位居世界第一。（新京报） 【教育App须于明年1月底前完成备案 结果将公示 接受查询监督】据悉，教育部已发文要求明年1月31日前完成对现有教育App的备案。2020年2月1日起，将向社会公众提供备案信息查询，接受监督。教育部表示，将对各地教育App备案情况进行检查。教育App存在违法违规或违反《意见》要求且整改不及时的，将列入教育移动应用提供者黑名单，通报并撤销涉事App备案。（南方都市报） 【医保电子凭证来了！七省市率先开通，一人一码全国通用】国家医保局昨日宣布上线医保电子凭证，市民可上国家医保APP或支付宝等激活领取。医保电子凭证可直接用于医院看病、药房购药结算，忘带实体卡也不怕。据介绍，医保电子凭证安全可靠，目前首批7省可领取、20城可用医保支付，未来将推广至全国，并实现跨省就医互通。（人民日报） 【任正非卸任华为全资子公司副董事长 曾称交班已完成】11月22日，企查查数据显示，北京华为数字技术有限公司发生工商变更，原副董事长任正非退出，原董事长孙亚芳退出。此前在接受欧洲新闻电视台采访时，任正非表示，其实华为的交班已经完成很多年，不是现在才交接班。 【英大人寿、英大财险拟分别出让30%、20%股份 英大财险计划3-5年内上市】国家电网近日举行引入社会资本专场推介会，集中推介了12个重点混改项目。英大人寿拟出让30%股份，对应资金30亿元，照此估算，英大人寿估值为100亿元；英大财险拟出让20%股份；国中康健拟出让25%股份，融资30亿元-40亿元。英大财险负责人介绍，这次引入社会资本的条件之一是仍保持国家电网对英大财险的绝对控股，即持股三分之二以上。据介绍，英大财险的盈利能力很强，计划在三到五年内上市。（中国证券报） 【王石吐槽王思聪：20岁为财富发愁很正常，网上很活跃的二世祖，你看看结果】11月23日，万科集团创始人王石在其新书发布会上表示，20岁左右你没有很多财富，为了财富而发愁、焦虑，这是很正常的。你现在拥有很多财富是有问题的，在网上非常有财富的这种二世祖，显得很活跃的，你看看这个结果 【网传网易让保安将绝症员工赶出公司】近日，一篇关于“网易裁员，让保安把身患绝症的我赶出公司。我在网易亲身经历的噩梦”的文章在社交平台刷屏。作者自述是来自网易的一名游戏策划。14年从上海交大毕业后就进入网易工作，在网易工作5年，在身患绝症的情况下亲身经历逼迫、算计、监视、陷害、威胁，甚至被保安赶出公司。作者自述今年1月底被确诊为扩张型心肌病，心脏扩大近一倍。此前在网易五年未请一天病假，业绩也一直不错。有网友怀疑这病很可能是累出来的。目前，对此曝光内容网易方面尚未回应。 【卫哲：得95后得天下，95后比85后消费能力强两倍】11月24日，阿里巴巴前CEO、嘉御基金创始人卫哲表示，95后将继承人类有史以来最强劲的一张个人资产负债表，都是资产，没有负债。这些使95后成为了中国第一代敢于信用消费的一代，一个95后的消费能力比当年80后、85后在他这个年龄段消费能力要大二三倍。（虎嗅） 【4万人围观却无人报名 盐湖股份百亿大拍卖三笔全部流拍】盐湖股份所持有的对其控股子公司盐湖镁业股权和应收债权、海纳化工股权和应收债权、盐湖股份化工分公司资产包于11月24日上午9时结束拍卖，上述三场拍卖共引来4万人围观，但无人报名，全部流拍。（财联社） 【警方通报证大系捞财宝新进展：28人被采取刑事措施】日前，上海公安局浦东分局通报称，11月13日，“证大文化”关联公司“捞财宝“平台原首席执行官朱某、“证大财富”原董事长贺某等28人因涉嫌非法集资犯罪被浦东公安分局依法采取刑事强制措施。目前，公安机关已初步追缴现金5亿余元，并已查封、冻结了相关银行账户、房产及股权等财产。追赎挽损工作仍在全力进行中，最终清退将由法院依法进行。（界面） 【马斯克：特斯拉已接到14.6万份Cybertruck皮卡订单】埃隆·马斯克（Elon Musk）周六表示，特斯拉迄今已接到14.6万份Cybertruck皮卡订单。本周四，特斯拉在洛杉矶发布了这款造型奇特的全电动皮卡，起价39900美元。（来源：新浪财经） 【报告：常春藤毕业收入未必高，学医竟负债累累】美国政府发布的一份报告显示，“常春藤”高校部分毕业生财务状况堪忧，一些负债率最高的专业出现在医学院，公立大学部分专业也显示出较弱的投资回报。例如，乔治敦大学医学院毕业生借款的中位数超23万美元，但第一年的收入为5.6万美元；更令人吃惊的是纽约大学的牙科专业，该专业的硕士研究生在毕业时负债的中位数超过38万美元，毕业一年后的收入不到7万美元。（华尔街日报） 【欧盟出台新规定未来新车需内置酒精测试仪连接口】为了更有效地杜绝酒后驾驶，近日，欧盟就出台了一项新规定，未来将要求所有新生产的机动车都安装上“呼吸式酒精探测仪”。新规要求，自2022年5月起，所有新生产的机动车都需要具备安装酒精测试仪的连接口。一旦驾驶员被车内酒精测试仪测出体内酒精含量超标，车辆引擎将无法启动。（央视新闻） 【更多美国年轻人计划永久租房】根据美国租房平台Apartment List最近发布的一项调查报告显示，12.3%的千禧一代（报告中，千禧一代的年龄介于23-38岁之间）租户计划无限期租房，首付是购房的最大障碍。69%的计划永久租房的租客表示：不是不想买，而是买不起。

【学历门槛降至“无学历要求”，养老护理员招人太难了】据民政部、国家卫健委等部门统计，我国目前有2.49亿老年人、4000万失能半失能老年人，而养老护理从业人员仅有30万名，反差极大的三个数字揭示了养老护理人员目前的巨大缺口。而除了数量少，人员素质良莠不齐、专业能力有限、流动性大等也成为困扰这个行业发展的难题。（21世纪经济报道） 【IMF总裁：中国经济将将向消费和服务业驱动转型 】日前，国际货币基金组织（IMF）新任总裁格奥尔基耶娃履新后首次访问中国。她表示，在当前全球经济增速预期降至10年来新低的背景下，中国经济增速虽然有所下滑，但依然位于目标区间内。中国经济对世界经济增长的贡献率约为三分之一，中国经济将逐渐从以制造业为主的增长模式向消费和服务业驱动转型。她指出，贸易争端所引起的不确定性，是2019年全球经济增长放缓的最重要原因，也将使全球生产总值降低七千亿美元。（人民日报） 【5G标准必要专利，我国企业占34%居全球排行榜首位】在全球5G标准必要专利声明中，来自我国企业的占34%，居全球排行榜首位。据北京市经信局统计数据，截至今年3月，共25家企业披露了1.3万多族5G标准必要专利，其中来自华为的占20%，位居全球企业第一。近年来，我国已成为全球重要的5G专利申请聚集地之一。截至今年9月，在5G关键技术领域，全球范围内已公开专利申请总量为7万多项。其中，向我国提交的申请量为19334项，约占总数的27%。（证券时报） 【产量世界第一！中国自行车保有量近4亿辆 】据2019中国自行车产业大会公布的数据，中国自行车已累计出口超过10亿辆，进入全球160多个国家和地区。电动自行车是中国首创，且年产值超过千亿元，创下又一个“世界第一”。中国自行车社会保有量已近4亿辆，电动自行车近3亿辆，均位居世界第一。（新京报） 【教育App须于明年1月底前完成备案 结果将公示 接受查询监督】据悉，教育部已发文要求明年1月31日前完成对现有教育App的备案。2020年2月1日起，将向社会公众提供备案信息查询，接受监督。教育部表示，将对各地教育App备案情况进行检查。教育App存在违法违规或违反《意见》要求且整改不及时的，将列入教育移动应用提供者黑名单，通报并撤销涉事App备案。（南方都市报） 【医保电子凭证来了！七省市率先开通，一人一码全国通用】国家医保局昨日宣布上线医保电子凭证，市民可上国家医保APP或支付宝等激活领取。医保电子凭证可直接用于医院看病、药房购药结算，忘带实体卡也不怕。据介绍，医保电子凭证安全可靠，目前首批7省可领取、20城可用医保支付，未来将推广至全国，并实现跨省就医互通。（人民日报） 【任正非卸任华为全资子公司副董事长 曾称交班已完成】11月22日，企查查数据显示，北京华为数字技术有限公司发生工商变更，原副董事长任正非退出，原董事长孙亚芳退出。此前在接受欧洲新闻电视台采访时，任正非表示，其实华为的交班已经完成很多年，不是现在才交接班。 【英大人寿、英大财险拟分别出让30%、20%股份 英大财险计划3-5年内上市】国家电网近日举行引入社会资本专场推介会，集中推介了12个重点混改项目。英大人寿拟出让30%股份，对应资金30亿元，照此估算，英大人寿估值为100亿元；英大财险拟出让20%股份；国中康健拟出让25%股份，融资30亿元-40亿元。英大财险负责人介绍，这次引入社会资本的条件之一是仍保持国家电网对英大财险的绝对控股，即持股三分之二以上。据介绍，英大财险的盈利能力很强，计划在三到五年内上市。（中国证券报） 【王石吐槽王思聪：20岁为财富发愁很正常，网上很活跃的二世祖，你看看结果】11月23日，万科集团创始人王石在其新书发布会上表示，20岁左右你没有很多财富，为了财富而发愁、焦虑，这是很正常的。你现在拥有很多财富是有问题的，在网上非常有财富的这种二世祖，显得很活跃的，你看看这个结果 【网传网易让保安将绝症员工赶出公司】近日，一篇关于“网易裁员，让保安把身患绝症的我赶出公司。我在网易亲身经历的噩梦”的文章在社交平台刷屏。作者自述是来自网易的一名游戏策划。14年从上海交大毕业后就进入网易工作，在网易工作5年，在身患绝症的情况下亲身经历逼迫、算计、监视、陷害、威胁，甚至被保安赶出公司。作者自述今年1月底被确诊为扩张型心肌病，心脏扩大近一倍。此前在网易五年未请一天病假，业绩也一直不错。有网友怀疑这病很可能是累出来的。目前，对此曝光内容网易方面尚未回应。 【卫哲：得95后得天下，95后比85后消费能力强两倍】11月24日，阿里巴巴前CEO、嘉御基金创始人卫哲表示，95后将继承人类有史以来最强劲的一张个人资产负债表，都是资产，没有负债。这些使95后成为了中国第一代敢于信用消费的一代，一个95后的消费能力比当年80后、85后在他这个年龄段消费能力要大二三倍。（虎嗅） 【4万人围观却无人报名 盐湖股份百亿大拍卖三笔全部流拍】盐湖股份所持有的对其控股子公司盐湖镁业股权和应收债权、海纳化工股权和应收债权、盐湖股份化工分公司资产包于11月24日上午9时结束拍卖，上述三场拍卖共引来4万人围观，但无人报名，全部流拍。（财联社） 【警方通报证大系捞财宝新进展：28人被采取刑事措施】日前，上海公安局浦东分局通报称，11月13日，“证大文化”关联公司“捞财宝“平台原首席执行官朱某、“证大财富”原董事长贺某等28人因涉嫌非法集资犯罪被浦东公安分局依法采取刑事强制措施。目前，公安机关已初步追缴现金5亿余元，并已查封、冻结了相关银行账户、房产及股权等财产。追赎挽损工作仍在全力进行中，最终清退将由法院依法进行。（界面） 【马斯克：特斯拉已接到14.6万份Cybertruck皮卡订单】埃隆·马斯克（Elon Musk）周六表示，特斯拉迄今已接到14.6万份Cybertruck皮卡订单。本周四，特斯拉在洛杉矶发布了这款造型奇特的全电动皮卡，起价39900美元。（来源：新浪财经） 【报告：常春藤毕业收入未必高，学医竟负债累累】美国政府发布的一份报告显示，“常春藤”高校部分毕业生财务状况堪忧，一些负债率最高的专业出现在医学院，公立大学部分专业也显示出较弱的投资回报。例如，乔治敦大学医学院毕业生借款的中位数超23万美元，但第一年的收入为5.6万美元；更令人吃惊的是纽约大学的牙科专业，该专业的硕士研究生在毕业时负债的中位数超过38万美元，毕业一年后的收入不到7万美元。（华尔街日报） 【欧盟出台新规定未来新车需内置酒精测试仪连接口】为了更有效地杜绝酒后驾驶，近日，欧盟就出台了一项新规定，未来将要求所有新生产的机动车都安装上“呼吸式酒精探测仪”。新规要求，自2022年5月起，所有新生产的机动车都需要具备安装酒精测试仪的连接口。一旦驾驶员被车内酒精测试仪测出体内酒精含量超标，车辆引擎将无法启动。（央视新闻） 【更多美国年轻人计划永久租房】根据美国租房平台Apartment List最近发布的一项调查报告显示，12.3%的千禧一代（报告中，千禧一代的年龄介于23-38岁之间）租户计划无限期租房，首付是购房的最大障碍。69%的计划永久租房的租客表示：不是不想买，而是买不起。

Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List, “From 1990 to 2005, the number of single-family permits …

Atlanta has one of the highest eviction rates in the country. According to Apartment List , the city ranks third in the nation — with a nearly 6% rise in evictions between 2015 and 2017. Earlier this month, On Second Thought spoke with Brooke Gladston e about a reporting series NPR's On The Media created with the Eviction Lab at Princeton. Our conversation on the series called, "The Scarlet E: Unmasking America's Eviction Crisis" garnered a lot of feedback from listeners so we decided to do a follow up, while getting a landlord's perspective.

Atlanta has one of the highest eviction rates in the country. According to Apartment List , the city ranks third in the nation — with a nearly 6% rise in evictions between 2015 and 2017. Earlier this month, On Second Thought spoke with Brooke Gladston e about a reporting series NPR's On The Media created with the Eviction Lab at Princeton. Our conversation on the series called, "The Scarlet E: Unmasking America's Eviction Crisis" garnered a lot of feedback from listeners so we decided to do a follow up, while getting a landlord's perspective.

FAR 261 We have that Stats Opening: How good is that professional athlete? Well, let’s take a look at his or her stats. What’s the batting average? What’s the shooting percentage? From 3-point range? Free Throws? What’s the yards per carry average. What’s the yards after contact average? What is the average air-speed velocity of an unladen swallow? Be the first person to write in or call with that movie reference and I’ll send you a Starbucks gift card. What’s your miles per gallon? How long is your average daily commute? On average, how many hours do you spend watching TV every day? Statistics are all around us all the time. Today I’m going to BLOW YOUR MIND with a complete set of real estate statistics. Yes I studied statistics in college AND in graduate school. At the graduate level my statistics course, FED 790, was one of my favorite courses. Not so much because of the content, but because the professor was one of the most delightful persons I have ever met. He managed to make a drudgery topic into a class I looked forward to each week. That’s no small feat, because when you are digging deeply into research summaries looking for statistical significance, errors in math, illogical assumptions, blah blah blah. I won’t make you go through any of that pain today. In fact, you don’t even have to do the research. BUT - if you get a copy of the show notes, you will have clickable links for every stat I’m about to throw at you.   First let’s do the news! News: https://www.foxnews.com/real-estate/chip-joanna-gaines-invest-10-4-million-waco-magnolia-market-expansion https://therealdeal.com/national/2019/06/23/canadas-favorite-alternative-investment-real-estate/ https://www.nydailynews.com/news/politics/ny-rikers-island-closure-real-estate-development-de-blasio-20190621-6uhjrlb2wjamvgui7moxfva6fq-story.html https://learn.g2.com/real-estate-blogs https://weartv.com/news/nation-world/florida-family-loses-77000-in-real-estate-scam https://globalnews.ca/news/5403597/wait-theres-more-money-laundering-bc/ https://realtybiznews.com/ben-carson-targets-single-family-zoning-laws/98754712/ How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out an 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.     Topic: Real Estate Statistics! Between all of the different real estate terms, types of real estate, and people that make up each sector, the industry is pretty complicated. To keep things as simple as possible, we’ve divided up the following stats into relevant sections. Residential real estate statistics Residential is what most people think of when they hear the term real estate. It refers to the types of properties that people live on – those that are not intended to be used for anything business-related. This includes single and multi-family homes, as well as condos and townhouses. As of April 2019, there have been roughly 673,000 houses sold in the US this year, which is 12.4 percent more than last year (U.S. Census Bureau, 2019). 5.34 million existing homes were sold in 2018 (down from 5.51 million in 2017). (NAR, 2018) The Midwest has the highest rates of homeownership in the nation at 68.2%, followed by the South at 66.2 percent (U.S. Census Bureau, 2019). 64.8% of U.S. citizens were homeowners in the fourth quarter of 2018 (up from 64.2% in 2017). (United States Census Bureau, 2019) 35.4%of homeowners are under 35 years of age. The age bracket with the highest rate of home ownership (78.5%) is 65 years and over (U.S. Census Bureau, 2019). Madison, WI and Grand Rapids, MI are the two most popular cities for millennial movers (National Association of Realtors, 2019). Based on buyer activity and active inventory, the hottest real estate markets in the country are in Boston, MA and Lafayette, IN (Realtor.com, 2019). Nationwide, the average sale price of a luxury home fell 1.6% in 2019 (Redfin, 2019). Across the US, the median price of a home is $267,300 (National Association of Realtors, 2019). Fishers, IN and Carmel, IN top the list of best cities for families (Apartment List, 2019). 36% of homeowners listed unexpected maintenance or repairs as their biggest regret (Zillow, 2019). The least competitive housing markets in the country are Miami, Dallas, and Houston (Redfin, 2019). The real estate industry will account for 22% of total commercial drone use by 2020 (Federal Aviation Administration, 2016). Homebuyer statistics Buying a home is no small feat. Below, you’ll find a few statistics specific to homebuyers. The average homebuyer took 73 days to close on a property after the first initial visit to the home (Redfin, 2019). 50%of buyers found their homes through the internet, while 28 percent found them through their real estate agent (National Association of Realtors, 2018). On average, buyers are spending 3 fewer days searching for homes in 2019 than the previous year (Redfin, 2019). Virtual house tours are most important to buyers that fall within the 53-71 age range (National Association of Realtors, 2018). Finding the right home tops the list for most difficult steps in the home buying process (National Association of Realtors, 2017). 33% of home buyers in 2018 were first-time home buyers. (NAR Home Buyers and Sellers Generational Trends Report, 2019) 10 weeks was the average amount of time buyers spent searching for a home in 2018. (NAR Home Buyers and Sellers Generational Trends Report, 2019) 14% of buyers purchased brand new homes, while 86% of buyers purchased previously lived-in homes. (NAR Home Buyers and Sellers Generational Trends Report, 2019) Selling statistics Selling a home can be just as big of a hurdle as buying one. From getting a property listed to setting up the open house, finding qualified buyers is a feat in and of itself. Thursday is the best day to list a home. Properties listed on Thursday sell for $3,015 more than on Mondays, which are the worst days to list a home (Redfin, 2019). On average, 98% of final sale prices matched the original asking price of a property in 2019 (Redfin, 2019). This year, the median number of days that a property was on the market before an offer was accepted is 40 (Redfin, 2019). 73%of sellers are more likely to list their home with an agent who leverages video to market their property (National Association of Realtors, 2018). Staged homes sell 25% faster than non-staged homes (Coldwell Banker, 2019). Rental statistics Not everyone can afford to buy a home – that’s where renting comes in. Many residential properties are offered as rental units to tenants for non-commercial purposes. Globally, the most expensive place to rent is San Francisco where the rent averages out at $3,690 (Zumper, 2019). In 2019, Henderson, NV and Phoenix, AZ saw the fastest rent growth in the country with an increase of 4.5 and 4.1 percent, respectively (Apartment List, 2019). Across the US, the cost of renting has gone up 66 percent (Realtor.com, 2019). Troy, MI is ranked as the most affordable renting city for families (Apartment List, 2019). Only 8 percent of homeowners regret purchasing a home instead of renting (Zillow, 2019). Real estate demographic statistics It may seem like millennials are abandoning home buying in favor of renting, but these stats prove that that may not be the case. 86% of younger millennials (aged 21–28) and 52% of older millennials (aged 29–38) were first-time home buyers. Meanwhile, Generation X (people between the ages of 39–53) consisted of 24% of 2018 home buyers. 18% of younger baby boomers (people between the ages of 54–63) and 14% of older baby boomers (people between the ages of 64–72) were home buyers in 2018. 7% of home buyers belonged in the silent generation (people between the ages of 73–93), the smallest segment of home buyers in 2018. (NAR Home Buyers and Sellers Generational Trends Report, 2019) 2020 is expected to be the peak year for millennial home buying. (Realtor.com National Housing Forecast, 2019) Millennials will account for 45% of mortgages in 2019. (Realtor.com National Housing Forecast, 2019) 25% of Generation X home buyers identified as a race other than white/Caucasian, making them the most racially and ethnically diverse population of home buyers in 2018. (NAR Home Buyers and Sellers Generational Trends Report, 2019) 25% of home sellers in 2018 belonged in Generation X, making them the largest segment of sellers. (NAR Home Buyers and Sellers Generational Trends Report, 2019) In 2018, 63% of home buyers were married. Additionally, 18% were single females, 9% were single males, and 8% were unmarried couples. (NAR Home Buyers and Sellers Generational Trends Report, 2019) In 2018, 37% of home buyers had children under the age of 18 living at home. (NAR Home Buyers and Sellers Generational Trends Report, 2019) Real estate financing statistics As student loans continue to ensnare the population into a collective $1.7 trillion debt, real estate financing has been impacted. Notably, home values are increasing while millions of Americans are spending more than 50% of their earnings on their home purchase. As of February 2019, the median home value in the United States is $226,300. (Zillow, 2019) United States home values have gone up 7.2% since 2018. (Zillow, 2019) The median rent price in the United States is $1,650. (Zillow, 2019) 88% of home buyers financed their home purchase. (NAR Home Buyers and Sellers Generational Trends Report, 2019) For 58% of buyers, their down payment came from their savings account. 39% of buyers financed their home using the proceeds gained from the equity of their previous residence. (NAR Home Buyers and Sellers Generational Trends Report, 2019) 13% of all buyers cited that saving for a down payment was the most difficult step in the home buying process. (NAR Home Buyers and Sellers Generational Trends Report, 2019) Around 50% of renters are paying more than 30% of their income on rent. (PWC Emerging Trends in Real Estate, 2019) 12 million Americans spend more than 50% of their earnings on their home purchase. (PWC Emerging Trends in Real Estate, 2019) Real estate marketing statistics Real estate agents understand the benefits of a good marketing plan. The majority of agents are using their budget for marketing efforts in 2019 in the hopes of gaining better leads. On average, 31.5% of brokers and real estate agents plan on spending more than $400 a month on real estate marketing. (Placester Real Estate Marketing Strategy Survey Report, 2018) 46.4% feel their top marketing challenge is generating enough high-quality leads. (Placester Real Estate Marketing Strategy Survey Report, 2018) 16.5% of real estate agents had success with purchased leads. (OutboundEngine Real Estate Marketing Benchmarks Report, 2017) 53.6% think adding more locally focused content to their real estate website will make it more appealing. (Placester Real Estate Marketing Strategy Survey Report, 2018) 84.6% of brokers and real estate agents use Facebook for their social media marketing efforts. (Placester Real Estate Marketing Strategy Survey Report, 2018) 30% of brokers and real estate agents want to learn more about the specific housing interests (e.g., home types) of their audience. (Placester Real Estate Marketing Strategy Survey Report, 2018) 49.5% of brokers and real estate agents want video marketing to be a big part of their marketing strategy. (Placester Real Estate Marketing Strategy Survey Report, 2018) 43.8% of real estate agents would invest in referrals if they had extra budget for marketing. (OutboundEngine Real Estate Marketing Benchmarks Report, 2017) Real estate agent statistics A real estate agent or broker is a professional that is licensed to sell property in their state. The business of buying and selling properties can be incredibly lucrative but doesn’t come without its difficulties. 49% of agents report working 40 or more hours per week, while 22% report working less than 30 hours (Placester, 2019). The largest expense for working real estate agents is transportation at around $1,370 per year (National Association of Realtors, 2019). Agents earned 17%of their business from referrals, and only 13% from returning clients (National Association of Realtors, 2019). 62% of agents spend at least one hour a day on marketing (Placester, 2019). TIP: Getting your titles mixed up? Learn the difference between a real estate broker vs agent. Commercial real estate statistics Commercial real estate refers to non-residential property that serves to generate income. This includes shopping malls, hotels, and office spaces. In 2019, the average commercial real estate sale was $1.2 million (National Association of Realtors, 2019). The total dollar volume of commercial sales in the US has decreased since 2018. In the large market (sales greater than $2.5M), sales decreased by 11%. In the small market (sales less than $2.5M), the decrease was closer to 8 percent (National Association of Realtors, 2019). Toledo, OH and Syracuse, NY have the highest rental vacancy rates in the country at 18.1% and 17.9%, respectively (National Association of Realtors, 2019). Based on annual rent, 5th Avenue in New York City has the most expensive retail rates in the world (Statista, 2019). With an average cost of $255.50 per square foot, Hong Kong is the most expensive city in the world for renting office space (Statista, 2019).   Your Questions: Send emails to questions@rogerblankenship.com Nikhil, Atlanta, GA, “Good morning. I was listening to a recorded show of FlippingAmerica. I am new to this business and getting organized before I can actively wholesale or rehab. You mentioned that you have some spreadsheet that you can share that estimates the cost of rehab. Could you please share the details?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “The dog that chases 5 rabbits catches none."-Gordon Catts

Cleveland. It’s a city that is often compared to Detroit, and not always for their positive attributes. And nothing against our Rust Belt cousin, but it turns out it’s one of the prime destinations for renters around metro Detroit who are looking to get out of town. And apparently there are a lot of people in that category. A new “Renter Migration Report” from Apartment List says the Detroit area is No. 2 among the 25 largest metro areas for the share of renters who are searching for apartments in other regions, at 49.6%. Conversely, just 21.9% of searches for rental units in the Detroit area come from outside the region, good for dead last. In addition to Cleveland, the top cities where Detroit-area renters are looking for rentals are Cincinnati and Grand Rapids. “Detroit has suffered from a decades-long population loss, and although this loss has slowed in recent years, the area has yet to cement a full revival,” the report concludes. You can read it here. Remember, this is the whole region — there are hot areas like downtown Detroit where they can’t seem to build units fast enough to meet demand. And Ferndale’s rents are rising. So yeah, we’re coming up short against Cleveland, for God’s sake. Here’s what else we’re discussing today: There’s a penthouse loft apartment in Midtown Detroit listing for more than $1.4 million. Woah. [Freep] Drunk people are apparently stumbling out of bars in Royal Oak and into homes where they don’t live, and city officials are on the case. [Daily Tribune] The metal panels are coming off the exterior of Joe Louis Arena as part of ongoing demolition work. [Detroit News] Thanks for listening to Daily Detroit. If you like what you’re hearing, tell a friend about us, leave us a review and subscribe on Apple Podcasts, or support us by becoming a Patreon member.

Jonathan Swanson (@swaaanson), co-founder and chairman of Thumbtack, and John Kobs (@johnkobs), co-founder of Apartment List join Erik to talk all about marketplaces.John and Jonathan talk about their lessons from running their respective companies about what makes a good marketplace, and how prospective founders can find opportunities in the space. They break down what it takes to get initial supply and demand, and the merits of two-sided marketplaces. They talk about some of the trends in real estate more broadly and the key limiting factors in marketplace businesses. They talk about their requests for startups in the space, where the opportunities are and what they would stay away from if they were a potential founder.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg. Colin Campbell is our audio engineer and the show is produced by Brett Bolkowy.

Jonathan Swanson (@swaaanson), co-founder and chairman of Thumbtack, and John Kobs (@johnkobs), co-founder of Apartment List join Erik to talk all about marketplaces.John and Jonathan talk about their lessons from running their respective companies about what makes a good marketplace, and how prospective founders can find opportunities in the space. They break down what it takes to get initial supply and demand, and the merits of two-sided marketplaces. They talk about some of the trends in real estate more broadly and the key limiting factors in marketplace businesses. They talk about their requests for startups in the space, where the opportunities are and what they would stay away from if they were a potential founder.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg. Colin Campbell is our audio engineer and the show is produced by Brett Bolkowy.

Rod Arquette Show Daily Rundown - Tuesday, October 16, 20184:20 pm: Alex Roarty of McClatchy DC joins Rod to discuss how Democrats fear another Election Day disaster could be on its way to the party during the upcoming midterm election4:35 pm: Laura Bunker and Rose Marie Murray, co-founders of Family Policy Resource, join the show to discuss their recent op-ed in opposition to Utah’s Proposition 2, and why the state’s compromise to medical marijuana is preferable5:05 pm: Michael Melendez, Director of Policy for the Libertas Institute, joins Rod to discuss the group’s opposition to Utah’s Question 1, which would raise gas taxes to help fund Utah schools6:05 pm: Michael Friedrichs, an epidemiologist with the Utah Department of Health, joins the show to discuss a recent survey that reveals concerns about mental health and the use of e-cigarettes with Utah children6:20 pm: Tim Doescher, Associate Director of the Institute for Economic Freedom at the Heritage Foundation, joins Rod to discuss the September jobs report6:35 pm: Christopher Salviati, Housing Economist with Apartment List, joins the show to discuss a new report that shows renters are having a hard time keeping up with rising rents and other expenditures

In this episode, Eric talks about building a capital intensive business across multiple geographies and how he balances speed vs. scale. He also discusses his controversial take on hiring, how poker influences his outlook on business, and how to transition from an IC to a manager.Eric Wu is co-founder and CEO of Opendoor, a consumer technology company that is reinventing how people buy and sell real estate. Prior to Opendoor, Eric was the founder and CEO of Movity.com, a geo-data analytics company acquired by Trulia.com in 2011. At Trulia, Eric led location, social, and consumer product development. Eric also co-founded RentAdvisor.com, which was later acquired by Apartment List, and runs a real estate fund that has invested in over 100 multi-family units. Eric has been an investor and advisor to a number of startups and social enterprises including Watsi, CareMessage, and Color Genomics.

In this episode, Eric talks about building a capital intensive business across multiple geographies and how he balances speed vs. scale. He also discusses his controversial take on hiring, how poker influences his outlook on business, and how to transition from an IC to a manager. Eric Wu is co-founder and CEO of Opendoor, a consumer technology company that is reinventing how people buy and sell real estate. Prior to Opendoor, Eric was the founder and CEO of Movity.com, a geo-data analytics company acquired by Trulia.com in 2011. At Trulia, Eric led location, social, and consumer product development. Eric also co-founded RentAdvisor.com, which was later acquired by Apartment List, and runs a real estate fund that has invested in over 100 multi-family units. Eric has been an investor and advisor to a number of startups and social enterprises including Watsi, CareMessage, and Color Genomics.

 It’s an impressive accomplishment our host Peggy Anne Salz discusses in depth with Chris Chee, Performance Marketing Manager at Apartment List, a platform that connects renters with apartment listings through an online marketplace. Chris, a Mobile Hero recognized for his user acquisition expertise,  shares how understanding the user flow--identifying pain points and taking advantage of opportunities to deepen engagement every step of the journey--on the web and in the mobile app allowed his team to boost new users by a whopping 400% and drive a significant increase customer lifetime value (LTV). Chris also talks candidly about his daily routine, his personal career path and his advice to other marketers eager to generate more growth for their app and more revenue for their companies. We won’t give it all away, but we can say that a relentless drive to interrogate the data and desire to move beyond vanilla customer segmentation are talents and traits essential to success.

Joe and Theo are back to tell us a new strategy they discovered for building an apartment list. The strategy actually came to them through one of Joe’s consulting clients. Hear an inexpensive way to build a massive list of apartment buildings in this episode + weekly updates and how they can apply to you. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “We need to not do a deal just for the sake of doing a deal” - Theo Hicks   Join us and our online investor community:   Made Possible Because of Our Best Ever Sponsor: Are you committed to transforming your life through real estate this year? If so, then go to to apply for his coaching program. is my real estate, business, and life coach. I’ve been working with him for years. Spots are limited, so be sure to apply today!

Saucy plot + melancholy + dated comedy(?) = The Apartment This time on Film Interrupted, Jack is forced by Martin and Nick to dive into his List of Shame with Billy Wilder’s The Apartment. Will he be left feeling as chipper and enthusiastic as Jack Lemmon? Or as used and abused as Shirley MacLaine?  Listen … Continue reading The Apartment (List of Shame) →