Podcasts about attom

In this episode of the Massive Passive Cashflow Podcast, I sit down with Michael Pouliot, Chief Investment Officer of Carbon Real Estate Investments, founder of EON Capital Partners, and a private equity operator with over $1 billion in completed real estate transactions. Michael blends Wall Street training from J.P. Morgan and Merrill Lynch with real-world entrepreneurial execution, making him one of the most data-driven and operationally disciplined investors in the workforce housing space. Michael shares how he transitioned from the fixed-income desk on Wall Street to becoming a full-time real estate investor—starting with a $25,000 BRRRR deal in Philadelphia that became the blueprint for scaling into 50+ acquisitions, 20–50 unit buildings, and eventually a fully vertically integrated multifamily platform focused on workforce, renter-by-necessity housing. We dive deep into the exact strategy he uses to build long-term, durable cash flow—from targeting 1970s–1990s vintage multifamily assets, to buying in school districts rated 8–10/10, to underwriting properties on a 10-year hold horizon rather than chasing short-term IRR. Michael also breaks down his data stack (RealPage, CoStar, ATTOM, Parcel Labs, U-Haul migration data) and the demographic filters Carbon uses to choose markets like Georgia, Northern Florida, Alabama, Ohio, and Indiana. You'll also hear how Michael works with family offices, high-net-worth investors, and special-situation capital partners—and why his vertically integrated model creates stability, investor protection, and consistent monthly income even in volatile markets. Whether you're an aspiring investor, an operator ready to scale, or a professional seeking passive income, this episode is packed with high-level insights to help you invest smarter and build lasting wealth through workforce housing.     What You Will Learn: How Michael transitioned from Wall Street (J.P. Morgan, Merrill Lynch) to full-time real estate investing And why trading time for money pushed him toward assets that produce "dividends forever." The exact numbers on his first BRRRR deal How a $25K Philadelphia rowhome led to dozens of repeatable deals and the foundation for scaling. Why workforce housing creates strong, long-term cash flow And why targeting families, great schools, and 2–3 bedroom units creates low turnover and stable operations. Michael's data-driven market selection system Including migration trends, income-to-rent ratios, school ratings, home-price gaps, and supply metrics. Why he underwrites every deal on a 10-year hold And how long-term compounding beats short-term IRR chasing. How Carbon built a vertically integrated property management platform And why owning operations is essential for protecting both tenants and investors. Where the best opportunities are today Why markets in Georgia, Northern Florida, Alabama, Ohio, and Indiana continue to outperform. How family offices evaluate operators—and why they trust Michael What makes an operator "institutional-ready," plus what new investors should prioritize when partnering. Why now is a pivotal moment for renter-by-necessity housing And how investors can position themselves for durable income in the next decade.     Links & Resources: LinkedIn: https://www.linkedin.com/in/michael-pouliot/  Carbon Website: https://www.investwithcarbon.com/  EON Website: https://www.eoncapitalpartners.com/  Website: https://www.michaelpouliot.com/      Attention Investors and Agents: Are you ready to scale your real estate business and connect with like-minded professionals?

I'm back with fresh new music by Blonde Maze, Attom, Darren Tate & Jono Grant, Aimoon, 2trancY, Daniel Seabra and more.

Which housing markets are most at risk in 2025—and which are the safest bets for investors? In this episode, Kathy Fettke breaks down ATTOM's latest Housing Risk Report, which names the riskiest U.S. counties based on affordability, unemployment, foreclosures, and underwater mortgages. You'll hear why California and Florida top the list, which counties are struggling with extreme affordability, and why Louisiana stands out for underwater properties. Kathy also shares where buyers and investors will find the safest and most affordable markets, from New York to Texas and beyond. If you want to stay ahead of housing trends, this episode is packed with insights on how local risks—from wildfires to hurricanes to high insurance costs—are shaping today's real estate landscape. JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1  FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS SOURCE: https://www.realtor.com/news/trends/riskiest-housing-markets-united-states-list/   

Sunday Mood Every Sunday on 7Kilowatte Radio Station Listen, feel, enjoy! Tracklist: 01. Intro 02. Dave Harrigan - ID 03. Poliça, Blonde Maze - Asleep In My Head (Extended Mix) 04. Lizzy Land, Blonde Maze - To Love Again (Extended Mix) 05. Audien/M.BRONX/Summer Is Calling - Leaving You (Extended Mix) 06. Blugazer - Watching Dreamscapes Passing By (Extended Mix) 07. Attom, Blonde Maze - Never Dream (Extended Mix) 08. Modera - Hollow 09. Dave Harrigan - The Summer (Extended Mix) 10. BJOERN/Klur - Unbound (Extended Mix) 11. Purple Disco Machine, Hurts - Wonderful Life '25 12. Nalin & Kane, Athenica - Beachball (Extended Mix) 13. Dhany, Benassi Bros - Hit My Heart (TR3NACRIA Extended Remix) 14. Santana - Maria (Casa Mata Remix) 15. Sonique, Matt Sassari, Hugel - It Feels So Good (Jamy Nox Extended Remix) Follow Me FB: https://www.facebook.com/daveharriganmusic IG: https://www.instagram.com/daveharrigan_music/ WEB: https://linktr.ee/daveharrigan E-mail: tamaspohner@icloud.com

"Zombie" foreclosures are rising across America, with over 7,300 abandoned properties sitting vacant during the foreclosure process—and they could be goldmines for savvy investors. Host Matt Myre breaks down the latest ATTOM data showing where these distressed properties are clustering, why homeowners and lenders are walking away, and how investors can turn these "zombies" into profitable opportunities. From Wichita's 12.1% zombie rate to the 52% spike in North Carolina, we map out the hottest distressed markets and reveal the six key strategies for successfully investing in abandoned foreclosures. 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

Home sellers are still making big profits, but the margins are slipping. In this episode, we break down ATTOM's Q1 2025 U.S. Home Sales Report, revealing where profits are shrinking fastest, which markets are bucking the trend, and how long sellers are waiting to cash out. Plus, we explore rising cash sales, investor activity, and what the data says about a softening but still-strong housing market. Read the full report here: https://www.attomdata.com/news/market-trends/home-sales-prices/q1-2025-home-sales-report/ 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

Steve Grzanich has the business news of the day with the Wintrust Business Minute. A new study says four of the top five urban areas with the highest property taxes are right here in Illinois. Attom, a property information service, analyzed property tax rates for 217 metro areas. The highest were Rockford, Chicago, Peoria and […]

In this episode, we dive into the latest insights from ATTOM's Q1 2025 Single-Family Rental Market Report to uncover the top U.S. counties with the highest rental yields for investors. From New York and New Jersey to Alabama and Texas, we explore where you can find the best opportunities for strong cash flow and high returns on single-family rentals. Tune in for insights on the shifting trends in the rental market, rising home prices, and which regions are set to offer the most lucrative opportunities for single-family rental investments. LINKS JOIN RealWealth® FOR FREE https://realty.realwealth.com/join SYNDICATIONS: Wild Pine San Antoniohttps://realwealth.com/wildpine FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN Source: https://www.attomdata.com/news/most-recent/2025-single-family-rental-market-report/

Are zombie foreclosures truly dead, or could they be on the rise again? In this episode of Real Estate News for Investors, host Kathy Fettke breaks down the latest Q1 2025 housing market data, including trends in zombie foreclosures, U.S. loan delinquencies, and overall mortgage activity. With foreclosure rates declining but loan delinquencies shifting, what does this mean for investors, homeowners, and the broader housing market? Kathy analyzes key insights from ATTOM's and latest vacant property report, a report from ICE (Intercontinental Exchange) on the impact of the VA foreclosure moratorium ending, and new risks emerging from wildfire-affected areas in California. Tune in to find out what factors are impacting mortgage activity! 00:00 Zombie Foreclosures 00:40 ATTOM Data Report 01:02 Foreclosures 02:18 States with Zombie Foreclosure Increases 03:21 Intercontinental Exchange Report 04:00 VA Foreclosure Moratorium 04:27 Los Angeles Wildfires 04:57 States with Highest Percentage of Non-Current Loans   LINKS JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/ SYNDICATIONS: Wild Pine San Antoniohttps://realwealth.com/wildpine FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN   Sources:   1. https://s2.q4cdn.com/154085107/files/doc_news/ICE-First-Look-at-Mortgage-Performance-Foreclosure-Starts-Jump-as-VA-Moratorium-Ends-Wildfire-Delinquencies-Emerge-2025.pdf   2. https://www.attomdata.com/news/most-recent/q1-2025-vacant-property-and-zombie-foreclosure-report/    

Sunday Mood Every Sunday on 7Kilowatte Radio Station Listen, feel, enjoy! Tracklist: 01. Intro 02. The Midnight - Love Is an Ocean 03. Fejká - Faro 04. Lar - First Signs of Sun (Extended Mix) 05. Propellar - Change (Extended Mix) 06. Attom, Blonde Maze - Never Dream (Extended Mix) 07. Aname, Lydmor - Hopeful (Extended Mix) 08. Lar - Yemalao (Extended Mix) 09. Propellar - Never Let You Go (Extended Mix) 10. Lipless, TMPST, Jordan Grace, Maynørr - Incomplete (Extended Mix) 11. Miss Nine - I Am (Anunnakis Remix) 12. First State - Falling (OCATA Extended Remix) (feat. Anita Kelsey) 13. Johan Vilborg - Resilience (Extended Mix) 14. Porter Robinson feat. Urban Cone - Lionhearted (Arty Remix) Follow Me FB: https://www.facebook.com/daveharriganmusic IG: https://www.instagram.com/daveharrigan_music/ WEB: https://linktr.ee/daveharrigan E-mail: tamaspohner@icloud.com

Property taxes in the U.S. rose nearly 7% in 2023, the largest increase in the last five years, according to property data firm Attom. WSJ reporter Will Parker joins host J.R. Whalen to discuss how voters in several states approved measures last week that will offer some relief.  Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

According to real estate data company ATTOM‘s second-quarter 2024 U.S. Home Equity & Underwater Report, American homeowners are sitting on a pile of home equity. 49.2% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter of 2024 after years of sitting on the refinancing sidelines amid high interest rates. ATTOM's definition of equity-rich means the combined estimated amount of loan balances secured by the property was no more than half of their estimated market values. Keep reading the article here: https://www.biggerpockets.com/blog/half-of-american-homes-are-considered-equity-rich-q2-2024 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

A new report shows Illinois, California and New Jersey have the highest concentrations of at-risk housing markets in the country. The report was compiled by ATTOM, a curator of land, property, and real estate data. The Special Housing Risk Report spotlights county-level housing markets vulnerable to declines, based on home affordability, underwater mortgages and other […]

Conversé con Antonia Rojas, socia y fundadora de Attom Capital, el primer fondo de inversiones secundarias en startups de Latinoamérica. -Este episodio es presentado por:Deel, la única plataforma de HR todo en uno diseñada para equipos globales. Deel te permite contratar fácilmente en más de 150 países. Desde México hasta Australia, explora cómo puedes contratar tanto empleados como freelancers de manera segura y legal.Visita su guía gratuita de contratación aquí: https://rebrand.ly/SDLDSPEP1 -Bonnus, transforma tu negocio con el API OpenBonnus. Distribuye más de 150 Gift Cards de las mejores marcas, como Amazon, Cinépolis, Nutrisa y Starbucks. Por ser miembro de la comunidad Startupeable, obtén un 100% de descuento en la integración del API aquí: https://rebrand.ly/SLDBDSP-Por favor ayúdame dejando una reseña en Spotify o Apple Podcasts: https://ratethispodcast.com/startupeable-Antes de Attom, Antonia fue socia en Hi Ventures y Manutara Ventures, donde se convirtió en la socia mujer más joven en un fondo de venture capital en Latinoamérica. A lo largo de su carrera, Antonia ha invertido en startups reconocidas como Xepelin, Nuvocargo, Wonderbrands y Flat.A diferencia de un fondo tradicional de venture capital, Attom no invierte en nuevas acciones de una startup, sino que adquiere acciones existentes que pertenecen a los emprendedores, trabajadores u otros inversionistas.Hoy, Antonia y yo conversamos de:Qué son y cómo funcionan las inversiones secundariasPor qué decidió levantar un fondo de secundarias, en lugar de un fondo tradicional de venture capitalCómo resolver la falta de adquisiciones y liquidez en LatinoaméricaLa tesis de inversión de Attom Capital y sus diferencias con un fondo de venture tradicionalAntonia es una de las inversionistas más experimentadas en Latinoamérica y, ahora, es pionera de la industria de secundarias en la región, así que espero que disfrutes mi conversación con Antonia Rojas de Attom Capital.-Notas del episodio: https://startupeable.com/attomcapitalPara más contenido síguenos en:YouTube  | Sitio Web -Este episodio es presentado por:- Deel, la única plataforma de HR todo en uno diseñada para equipos globales. Deel te permite contratar fácilmente en más de 150 países. Desde México hasta Australia, explora cómo puedes contratar tanto empleados como freelancers de manera segura y legal.Más información aquí: https://rebrand.ly/SDLDSPG- Bonnus, transforma tu negocio con el API OpenBonnus. Distribuye más de 150 Gift Cards de las mejores marcas, como Amazon, Cinépolis, Nutrisa y Starbucks. Por ser miembro de la comunidad Startupeable, obtén un 100% de descuento en la integración del API aquí: https://rebrand.ly/SLDBDSP-Distribuido por Genuina Media

Home flippers earned a 30.2% gross profit nationwide before expenses on homes sold during the first quarter of 2024, up from 27.7 percent in the fourth quarter of 2023. This is according to real estate data firm ATTOM. Home flipping activity also went up. Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.The organic farmers watchdog group OrganicEye says American farmers are being disadvantaged versus foreign importers when it comes to organic food. Foreign imports aren't being held to the same requirements as American products. Organiceye is now telling the USDA to level the playing field.

Home foreclosures are on the rise. Is this the start of a housing collapse and the buying bonanza for real estate investors touted for the last two years, or a mere blip?  Foreclosure rates have steadily risen since interest rates increased in conjunction with the home affordability crisis. According to Redfin, only 15.5% of U.S. home listings were accessible financially to U.S. households in 2023. This has led to an 8% increase in foreclosure filings, according to a new report by data company ATTOM. Learn more about your ad choices. Visit megaphone.fm/adchoices

(AURN News) - A new report from real estate data firm ATTOM Data Solutions shows foreclosure activity is on the rise across the United States. According to ATTOM, foreclosures were up 3% in the first quarter of 2024 compared to the previous quarter. While foreclosure levels remain less than 1% lower than a year ago, the report indicates a troubling trend. The ATTOM data also found that bank repossessions, a key indicator of completed foreclosures, were up 7% in March 2024 compared to the previous month. Several states saw significantly higher foreclosure rates last month, led by Illinois, Connecticut, New Jersey, Florida, and South Carolina. The rise in foreclosures comes as the Federal Reserve is set to make another decision soon on interest rates. So far, the Fed has held rates for the past couple of months. Their next meeting is scheduled to start on April 30. Learn more about your ad choices. Visit megaphone.fm/adchoices

Surprise Locations Ranked As Best Markets for Single Family Rentals This YearIf you're feeling overwhelmed by the countless options for rental investments and unsure which counties to target, then you are not alone! With so much information out there, it can be frustrating trying to figure out the best places to invest in rental properties, especially when the market is constantly changing. You might be feeling lost in the sea of data, not knowing which counties will actually yield the best returns for your investment. It's time to cut through the noise and focus on the top rental markets for 2024 based on Attom's recent article. Let's find the most promising opportunities together!In this episode, you will be able to:Discover the top counties for single-family rentals in the USA and seize potential investment opportunities.Uncover annual gross rental yield projections for 2024 to make informed decisions on your real estate investments.Understand the impact of the housing market on rental demand and adapt your investment strategy accordingly.Explore the top cities for real estate investment in 2024 and position yourself for success in the rental market.Compare rent vs. wage growth in US counties to identify areas with favorable rental market conditions.The key moments in this episode are:00:00:13 - Top Counties for Single Family Rentals 00:01:37 - Rental Market Analysis 00:04:25 - Rental Yield Increases 00:06:32 - Rents Rising Faster than Wages 00:09:13 - Top Rental Markets Revealed Read the full article HERE!Watch the original video HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe [DS] is now panicking over the climate agenda. They know when Trump wins it is game over. The people are feeling the pain, restaurants are now reporting that they see a decline in people dining. IRS is spying on the people and looking at their bank accounts. The spending bill like every other spending bill is destroying the country. The [DS] is being exposed, the more they are exposed the more they panic and make stupid moves for the world to see. The door has been open, people are seeing the truth. We are witnessing the second revolution and the tyrannical government is losing. The counterinsurgency is almost complete, the rest of the people will be coming on board soon.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy  BIDENOMICS: Home Foreclosures Rising Nationwide – By 50 Percent or More in Some States In another sign that Biden is leading the country to ruin, home foreclosures are rising across the nation. Some states are handling the problem better than others, which is to be expected, but the simple explanation for this is that more and more people are struggling to afford the cost of living. Biden is ruining people's lives. Does anyone remember this even being an issue under Trump? The FOX Business Network reports: How One 12-Page Pamphlet Tells the Story of God, Gold and Glory Home foreclosures are soaring nationwide – and rising fastest in these 5 states   a new report published by real estate data provider ATTOM, which found that there were 32,938 properties in February with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks an 8% increase from the prior year, although it is down 1% from the previous month. Source: thegatewaypundit.com https://twitter.com/themarketswork/status/1771177617397260552?s=20 Olive Garden, LongHorn Steakhouse Owner Darden Warns Lower Income Customers Are Pulling Back  Darden Restaurants, a top full-service US restaurant group with 1,914 locations across 50 states under its eight brands—Olive Garden, LongHorn Steakhouse, Cheddar's, Yard House, Ruth's Chris, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's—warned on Thursday that lower-income customers are pulling back on spending. "Transactions from incomes below $75,000 were much lower than last year, and at every brand, transactions fell from incomes below $50,000. Similar to Q2, this shift was most pronounced in our Fine Dining segment," Chief Executive Officer Rick Cardenas told investors on an earnings call. Consumer behavior shifts are materializing for the restaurant group and serve as a health check proxy for consumers. Bloomberg Source: zerohedge.com Biden Economy: Record Number of Americans Using ‘Buy Now, Pay Later' Apps A record number of Americans have been using “buy now, pay later” apps amid the surging inflation seen in Biden's economy. A new report from PYMNTS Intelligence showed 6.5 percent of Americans, roughly 15 million, have been using BPNL apps to pay for groceries since last year. Per the New York Post: Of those using the apps — offered by fintech services such as Affirm, Klarna, Afterpay and PayPal — around 5.4% were low-income Americans, according to the study. The rest were those whose yearly incomes were at least $100,000. Source: breitbart.com Jordan Investigating IRS Corruption Claims: Is Agency Spying on Taxpayers ‘En Masse'?   A new investigation has been launched by Chairman Jim Jordan, R-Ohio,

Well, the average home price in America remains just about as unaffordable as it's ever been. In fact, a recent report from real estate data provider ATTOM examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner. And to add insult to injury, 30-year fixed mortgage rates just rose back above 7%. So, what lies ahead for home prices in 2024? To find out, we welcome housing analyst Nick Gerli, founder of reventure Consulting and creator of the new reventure app back to the program. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #homeprices #housingmarket #housing

Much recent news in real estate has centered on home prices, which appear to still be rising. But what about the profits from home sales?  The latest Year-End U.S. Home Sales Report from ATTOM paints a less rosy picture of what's going on in the real estate market. In fact, it's showing that home sales profits dropped for the first time in a decade in 2023. So what are the figures, and what do they mean for investors? Learn more about your ad choices. Visit megaphone.fm/adchoices

ATTOM's Year-End 2023 U.S. Foreclosure Market Report shows that foreclosure activity increased last year from 2022 levels, but is this a cause for concern for investors?  The ATTOM report shows that foreclosure filings, which include default notices, auctions, and repossessions, stood at 357,062, up 10% from 2022 and 136% from 2021. These figures look much less alarming, however, when set in the context of pre-pandemic foreclosure levels. Foreclosure activity in 2023 was still 28% lower than it had been in 2019 and down a massive 88% from its peak in financial crisis-ravaged 2010.  Learn more about your ad choices. Visit megaphone.fm/adchoices

So what the heck is going on with the U.S. economy? We've been warned about a possible recession for two years now. But the economy is still going strong, and the housing market seems to defy gravity. The contradictions may have left you scratching your head, but the guest in this episode will help clear up any confusion. He'll also share his thoughts on what and where to invest. Our guest Rick Sharga has more than 20 years of experience in the real estate and mortgage industries. He's the founder and CEO of market intelligence and advisory firm CJ Patrick Company, and has previously served as EVP of Market Intelligence at ATTOM data, EVP for Carrington Mortgage Holdings, EVP of Marketing at RealtyTrac, and Chief Marketing Officer for Ten-X and Auction.com. Rick is one of the country's most frequently quoted experts on the U.S. economy, real estate, mortgages, and foreclosures. He's appeared on all the major news channels, and several times on this podcast. We just co-hosted a 2024 Housing Market Predictions webinar for the Real Wealth Show. You'll find that webinar at by clicking here. So, if you're wondering how to invest in real estate this year, you might get a few great ideas from Rick. You'll also find information about the North Dallas Rental Fund mentioned in the podcast at https://growdevelopments.com. And don't forget to join RealWealth to help expand your real estate knowledge and take advantage of up-to-date investing opportunities. It's free! And please be sure you subscribe to this podcast on your favorite platform, like & comment, we want to hear from you! Thanks for watching! Kathy Fettke LINKS: Watch this episode on YouTube: https://www.youtube.com/watch?v=4mf15R6wtj0 Listen & Subscribe to the Real Wealth Show on your favorite platform: https://link.chtbl.com/RWS Join RealWealth: http://tinyurl.com/joinrealwealth970 Rick Sharga's 2024 Housing Market Predictions Webinar: https://realwealth.com/learn/2024-housing-market-predictions/

I discuss the bogus concept in the Marketwatch article that "Renting a three-bedroom home is cheaper than owning one in 90% of the U.S" The raw information was compiled by Attom a real-estate data analytics company that looked at single-family home prices between January and November 2023, as well as rental and wage data, for 338 U.S. counties with enough data to analyze   Looking for a home in Dallas? Schedule a call w/ me: https://calendly.com/houserich/dfw Outside of Dallas? Connect w/ a dope Realtor in your local market: https://homeandmoney.com/houserichdave/   This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

Every real estate investor wants to know if there'll be a housing market downturn in 2024. But perhaps a better question to ask, now and always, is: “Which local markets are most at risk of a downturn?”  Regional variations consistently play a part in any housing market analysis or forecast. And now we have the most up-to-date Special Housing Risk Report from real estate data provider ATTOM.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Foreclosures across the U.S. are on the rise and nearing pre-pandemic levels, according to real estate data firm ATTOM. ATTOM's midyear foreclosure activity report found that foreclosure activity has been gradually increasing over the last few quarters as COVID-related policies have ended. Across the U.S., 0.13% of all housing units foreclosed in the first half of 2023. Foreclosures are up 13% from the same period in 2022 and up 185% from the same period two years ago. “Similar to the first half of 2022, foreclosures activity across the United States maintained its upward trajectory, gradually approaching pre-pandemic levels in the first half of 2023,” Rob Barber, CEO of ATTOM, said in a statement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Housing costs continue to grow and we talk about a report from ATTOM that covers housing affordability.Thanks for listening to Around the house if you want to hear more please subscribe so you get notified of the latest episode as it posts at https://around-the-house-with-e.captivate.fm/listenIf you want to join the Around the House Insider for access to the back catalog, Exclusive Content and a direct email to Eric G and access to the show early https://around-the-house-with-e.captivate.fm/support We love comments and we would love reviews on how this information has helped you on your house! Thanks for listening! For more information about the show head to https://aroundthehouseonline.com/ Information given on the Around the House Show should not be considered construction or design advice for your specific project, nor is it intended to replace consulting at your home or jobsite by a building professional. The views and opinions expressed by those interviewed on the podcast are those of the guests and do not necessarily reflect the views and opinions of the Around the House Show. Mentioned in this episode:Join Around the House Insider for exclusive content and early access. To join the Around the House Insider Exclusive Access head to this link to subscribe and gain access to the weekend show early, to get exclusive content and our back catalog. https://around-the-house-with-e.captivate.fm/support Around the House Insider

In this Real Estate News Brief for the week ending September 20th, 2023... what the Fed's favorite inflation gauge says about August, how U.S. real estate values are setting new records, and why the typical American can't afford to buy a home in 99% of the nation.   We begin with economic news from this past week that ended with a last minute scramble to avoid a government shutdown. Congress passed a stopgap funding measure with just minutes to spare. That extends the current deadline for another 45 days and gives lawmakers time to hammer out their differences...   ...For many consumers, housing affordability has gotten so bad that the typical American cannot afford to buy a home in 99% of the nation. Real estate data firm ATTOM analyzed median home prices over the last year in 575 U.S. counties, and determined that homes became unaffordable when buyers had to pay more than 28% of their paycheck for the home. If you include insurance and property tax, the buyer would need to devote 35% or more to that home, and that's not something that everyone can do.   That's it for today. You can read more about these stories by following links in the show notes at newsforinvestors.com. You can also sign up as a RealWealth member for free, to find out how to build wealth through real estate. Membership will give you complete access to our website, the data we have compiled for various rental real estate markets, sample properties, our investment counselors, and much more.   And please remember to subscribe to this podcast, and leave a review!    Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/embattled-speaker-mccarthy-tries-new-45-day-funding-tactic-to-avoid-government-shutdown-be5b0e30?mod=home-page   2 - https://www.marketwatch.com/story/inflation-speeds-up-due-to-higher-gas-prices-pce-finds-but-theres-good-news-too-4370a0a6?mod=economy-politics   3 - https://www.calculatedriskblog.com/2023/09/pce-measure-of-shelter-slows-to-74-yoy.html   4 - https://www.marketwatch.com/story/u-s-home-prices-rose-in-july-case-shiller-says-ab106b17?mod=economic-report   5 - https://www.marketwatch.com/story/u-s-new-home-sales-fall-8-7-in-august-amid-high-mortgage-rates-aaf43173?mod=economic-report   6 - https://www.marketwatch.com/story/contract-signings-for-u-s-homes-dropped-sharply-in-august-amid-high-rates-and-sparse-listings-8351c1b8?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://www.nbcnews.com/business/consumer/baby-boomers-cash-are-driving-housing-market-right-now-rcna92905   9 - https://www.zillow.com/research/total-market-value-2023-33031/   10 - https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices/

Home prices across the U.S. had the highest quarter-to-quarter gain since 2015, as potential homebuyers are getting pushed out of an increasingly expensive market.  The median single-family home value rose 10.2% from the first to the second quarter of 2023 to $350,000, a report from real estate data firm ATTOM found. It's the biggest quarterly increase in almost the past decade. Median home prices in 565 of the 574 counties analyzed in the report (98%) were less affordable than in prior quarters, more than double the number of counties that were unaffordable two years ago before mortgage rates went up. This means only 2% of counties examined were more affordable than their historic averages.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Home prices were supposed to crash…right? Not quite. If you were hoping to snag a steal of a deal on your first home, we've got some bad news. But, if you're a homeowner or investor who was crossing their fingers that their equity would stay stable, things are looking good! As the housing market begins to “adjust” back to normal, investors are asking themselves, “What happens next?” We brought repeat guest and fan-favorite Rick Sharga, founder of CJ Patrick Company and former EVP of Market Intelligence at ATTOM, back on the show to share the findings of his most recent investor survey. Rick and his company have been tracking the sentiment of small retail investors—a dataset we rarely get to hear about—and he has some news to share. Investors are thinking about the housing market differently than most would assume. With high mortgage rates and financing fatigue, rental property investors and active house flippers have the same thought: things could get better soon. But what could change? Will inventory ever rebound? And what could cause another hot housing market? All that, and more, in this episode! In This Episode We Cover: The one investment strategy that has been dramatically declining (and why it may have a comeback) Home prices and whether or not we've bottomed out already What small retail investors think will happen next in the housing market The #1 challenge investors are facing today (and when this could improve) An “inflection point” for real estate and whether competition will heat back up Fixing the inventory problem and how long it will take to return to “normal” levels Declining and rising real estate markets that Americans are moving away from/to 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 On The Market Podcast 17 On The Market Podcast 66 BiggerPockets Real Estate Podcast 604 Investor Sentiment Survey Connect with Rick: Rick's LinkedIn Rick's Twitter Rick's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-131 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

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In this Real Estate News Brief for the week ending April 8th, 2023... reports show a slowly weakening job market, what could be a great year for single-family rentals, and a list of the top metros for home value growth and stability.    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. Although the job market remains strong, the latest reports show it is softening. For the week of March 25th, jobless claims hit 228,000. It's the ninth week in a row that they've topped 200,000. They had bottomed out last fall when they dropped to a 53-year low of 182,000. They continued around the 200,000 level for several months and have been slowly rising since February. Government revisions also show that claims during the first part of the year were higher than previously reported. MarketWatch economists say that's probably due to corporate layoffs that are just now showing up in the jobless data. (1)   Job openings are also declining. They fell to a 21-month low in February, which is another sign that the job market is softening. Listings dropped from 10.6 million in January to 9.9 million in February. Openings are now down to about 1.7 openings for each unemployed worker. They were at 1.9 openings or each unemployed worker previously. Bill Adams of Comerica told MarketWatch: “The labor market is still very hot but the big drop in job openings is a sign the labor market is cooling in general.” (2)   A third report on job growth shows that U.S. companies added 236,000 new jobs in March. That's a sign of strength and resiliency, and probably not what the Fed would like to hear. Those new jobs helped lower the unemployment rate from 3.6% to 3.5%. Wage growth was slower however. It's come down from 4.6% in February to 4.2% in March. (3)   A report on construction spending shows it was down slightly in February. The Commerce Department says it fell .1% to $1.844 trillion. Single-family construction spending was down 1.8% while multi-family spending was up 1.4%. Year-over-year, multifamily is up 22.2%. Single-family is up 21.4%. (4)   Mortgage Rates   Mortgage rates dipped slightly this last week. Freddie Mac says the average 30-year fixed-rate mortgage was down 4 basis points to 6.28%. The 15-year was down 8 points to 5.64%. (5)   In other news making headlines…   Single-Family Rental Market Remains Strong   Some parts of the housing market may be in for a rough ride this year, but the single-family rental market isn't one of them. A new report from Attom projected single-family rental yields for 212 counties with a population of at least 100,000. Rental yields are calculated by dividing the annualized gross rent by the purchase price. According to Attom, rentals in those 212 counties will see a 7.5% yield this year. That's up from 6.7% last year. (6)   Attom says that SFR rents are growing in over 90 of the counties analyzed, so those counties will be the most desirable. Three of the top five counties for the biggest upside in rent yields are in Florida including counties for Miami, Fort Lauderdale, and West Palm Beach. California's Orange and Santa Clara counties are the other two. There's a lot of data in this report so it's worth digging deeper if you're deciding where to buy a rental property this year. You'll find a link to the report in the show notes.   Texas Shows Strength for Overall Housing Market   Another report on the U.S. housing market lists the top 20 cities for growth and stability, and 12 of them are in Texas. The Smart Asset study compared home value data for 400 metros between 1998 and 2022. It then calculated the growth rate from that data. (7)   The Austin, Texas, area was In the number one spot for growth and stability followed by Midland, Texas, in the Western part of the state. Boulder and Fort Collins, Colorado, took the third and fourth spots. The Kennewick-Richland part of Washington State was fifth. Rapid City South Dakota took the sixth position. Then it's back to Texas with the Odessa area in West Texas as seventh and the Dallas area as eighth. San Antonio was in the ninth spot, and Houston right after that. Texas also dominated the next ten top cities as well with six more metros showing the strongest growth and stability.   The report also shows the worst cities for growth and stability with Flint Michigan topping that list. I won't list those cities, but you'll find a link to the report in the show notes.   Will Commercial Real Estate Go Belly Up?   While there has been a lot of concern that commercial real estate is going to implode because of maturing debt and the inability to refinance at high interest rate, CNBC published a story with the title: “The coming commercial real estate crash that may never happen.” This story argues that only a quarter of office-building loans will need to be refinanced in the next year.  A quarter of office-buildings? That sounds like a LOT to me.  CNBC also reports that industrial, retail, and hotels are on solid ground. (8) Kevin Fagan of Moody's Analytics says: “There likely will be issues but it's more of a typical down cycle.” Whether it's a typical down cycle or a rare one, losing money is never good for investors and is usually a result of aggressive underwriting in a bull market. According to The RealDeal, distress has started to rear its ugly head in the Houston market. Arbor Realty Trust just foreclosed last week on four low-income multifamily properties in Houston, valued at $229 million. The portfolio includes Heights at Post Oak, Redford Apartments, Reserve at Westwood and Timber Ridge Apartments, all of which were purchased between August 2021 and April 2022. (10) The RealDeal says Arbor's foreclosure is "indicative of the current state of the market, where higher interest rates, regional banking turmoil, and slowing rent growth continue to negatively impact multifamily operators. Investors decreased their purchase of apartment buildings by about $40 billion in the first quarter of 2023, representing a 74% decline in sales from the first quarter of last year, according to CoStar Group.   That's it for today. Check the show notes for links at newsforinvestors.com. As always, I ask that you sign up as a RealWealth member. It's free and will give you complete access to our market data and resources. And please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/jobless-claims-top-200-000-after-changes-to-formula-for-seasonal-adjustments-877bfe37?mod=home-page   2 - https://www.marketwatch.com/story/job-openings-in-the-u-s-fall-to-21-month-low-of-9-9-million-cd1fc5ee?mod=home-page   3 - https://www.marketwatch.com/story/jobs-report-shows-236-000-increase-in-employment-in-march-9656b5fc   4 - https://www.marketwatch.com/story/construction-spending-falls-in-february-90188a02?mod=economic-report   5 - https://www.freddiemac.com/pmms   6 - https://www.attomdata.com/news/market-trends/attom-2023-single-family-rental-market-report/   7 - https://smartasset.com/data-studies/best-housing-markets-for-growth-and-stability-2023   8 - https://www.cnbc.com/2023/04/09/the-coming-commercial-real-estate-crash-that-may-never-happen.html 10 - https://therealdeal.com/texas/houston/2023/04/10/arbor-realty-forecloses-on-229-million-multifamily-portfolio-in-houston/?fbclid=IwAR3yZwTh9jylfQsZQp4HjpOLNPqSE_BiXjlQSGWkE6T42lyeTN3WawP1ZMc

In this Real Estate News Brief for the week ending April 1st, 2023… new PCE numbers show inflation is weakening, where investors are reaping the biggest returns for single-family rentals, and how much apartment renters are saving if they don't buy.   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 a favorable report on inflation. The Bureau of Economic Analysis released a report on the February Personal Consumption Index, or PCE, and it shows a mild .3% increase. That's down from a .6% increase in January, and suggests that the Fed may be getting the upper hand on high prices. With this report, the yearly rate dropped from 5.3% to 5%, which is the lowest it's been in more than a year and a half. (1)   Senior Federal Reserve officials are suggesting that another quarter point rate hike is still needed, before they call for a pause. That would be decided at the Fed's next meeting in May as Fed officials also weigh the risk of further interest rate hikes on the banking system.   The government revised their Q4 GDP for a third time. It was initially 2.9%. Last month, it was lowered to 2.7%. The government is now saying it was 2.6%. As MarketWatch reported, the GDP was reduced because data shows weaker consumer spending, and a decline in corporate profits. (2)   The weekly jobless report shows 198,000 people applied for benefits. That's a three-week high, but it's still a very low number and indicates that the labor market remains strong in the face of high-interest rates and a potential recession. (3)   Reports on housing include the latest Case-Shiller home price report. The national index fell .2% in January, while the 20-city index was down .4%. Year-over-year home prices are still 2.5% higher, but that's down from 4.6% last month. (4)   Home buyers seem to be warming up to the idea of higher mortgage rates. The National Association of Realtors reports that pending sales were up for a third month in a row. They rose .8% in February. That's after a huge 8.1% surge in January. If you compare the numbers to one year ago, they are down 21.1%. (5)   Mortgage Rates   Mortgage rates didn't move much in the last week, but they remain at a lower level than recent highs. Freddie Mac says the average 30-year fixed-rate mortgage was down one point to 6.32%, which is essentially the same as the previous week. The 15-year dropped 12 points to 5.56%. (6)   In other news making headlines…   More Sellers Sitting on the Sidelines   While it seems the spring buying season is producing a surge in buyers, and mortgage rates have come down slightly, sellers are still in a wait-and-see mode. Realtor.com says that new listings fell again in March, and are down 20% compared to a year ago. The active inventory is about 60% higher year-over-year, but that's because homes are taking longer to sell.   Realtor.com says that homes are now sitting on the market for an average of 54 days. That's up from an average of 36 days last spring. Chief economist, Danielle Hale, says shoppers are very sensitive to mortgage rates and they “only jump back in the market when rates dip.” She says rates will play a big role in whether the housing market “bumps along or picks up speed this year.”   Best Counties for Single-Family Rentals   If you're trying to decide where you might get the best returns for a single-family rental, real estate data firm ATTOM just issued its Q1 2023 Single-Family Rental Market report. ATTOM analyzed 212 U.S. counties with a population of at least 100,000.    The report shows the overall single-family rental yield increasing from last year in 91% of those counties. It was 6.7% last year, and rises to 7.5% this year. Rents are rising faster than home prices in many counties. CEO, Rob Barber says: “Rents for single-family homes are growing while prices have flattened out, which has helped boost yields for landlords for the first time in at least several years.”   Three of the top five counties for rental returns are in Florida, including River County, Florida, in the Sebastian-Vero Beach area; Collier County, Florida, in the Naples area; and Charlotte County, Florida, in the Punta Gorda area. A few other counties with high rental yields include Chicago's Cook County, Cleveland's Cuyahoga County, and West Palm Beach's Palm Beach County.    Looking at the top 50 counties for rental returns: 29 are in the South, 13 are in the Midwest, eight are in the Northeast, and none are in the West.   Big Savings for Apartment Renters   The savings gap is growing for people who rent an apartment instead of buying a home. The National Multifamily Housing Council says it's now more than $1,000 dollars more expensive per month to buy a home than it is to rent an apartment – $1,176 to be exact. That's the widest gap in 15 years. (9)   Apartment rent growth has been slowing. It was only up 2.6% in March and is now back to pre-pandemic levels. Vacancies are also returning to normal levels. They are currently at 6.6%. That's up from 6.4% in February. (10)   That's it for today. Check the show notes for links at newsforinvestors.com. You'll also find market data at our website, along with investing education and opportunities. You need to become a member to access some of our information, but it's free to join and will only take a few minutes.    We also ask that our listeners subscribe to the podcast, if you haven't done so already. And if you have a minute, please leave us a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/u-s-inflation-softens-in-february-pce-finds-785c116e?mod=home-page   2 - https://www.marketwatch.com/story/u-s-gdp-in-fourth-quarter-trimmed-again-to-2-6-on-weaker-consumer-spending-663e9a5b?mod=search_headline   3 - https://www.marketwatch.com/story/jobless-claims-rise-to-three-week-high-of-198-000-but-layoffs-still-extremely-low-3efde979?mod=economy-politics   4 - https://www.marketwatch.com/story/u-s-home-price-rises-slow-again-in-january-with-western-markets-leading-declines-2ea97cfb?mod=economic-report   5 - https://www.marketwatch.com/story/u-s-pending-home-sales-rise-for-the-third-month-in-a-row-in-february-18c2a392?mod=economic-report   6 - https://www.freddiemac.com/pmms   7 - https://www.cnbc.com/2023/03/30/more-home-sellers-are-sitting-out-of-the-spring-housing-market.html   8 - https://www.attomdata.com/news/market-trends/attom-2023-single-family-rental-market-report/   9 - https://www.globest.com/2023/03/31/renting-an-apartment-is-now-1175-cheaper-per-month-than-owning-a-home/   10 - https://www.cnbc.com/2023/03/28/rent-growth-drops-to-pre-covid-levels.html?__source=realestate%7cnews%7c&par=realestate

The U.S. foreclosure market is showing signs of stabilizing, with foreclosure activity declining by 3% in February 2023, according to a report by ATTOM. However, foreclosure activity was still up 18% from a year ago. Despite the decline, the report warns that the numbers don't yet show a clear trend toward fewer foreclosures. The report also revealed that lenders repossessed 3,831 U.S. properties through completed foreclosures in February, which is up 45% from last year. New York, Georgia, and California saw the greatest increase in completed foreclosures. Hashtags: #foreclosure #housingmarket #realestate #propertydata #ATTOM #U.S.foreclosuremarket #housingnews #housingtrends #mortgage #housingcrisis.Article References : https://www.attomdata.com/news/market-trends/foreclosures/attom-february-2023-u-s-foreclosure-market-report/https://www.youtube.com/watch?v=PgRRuRdB1Ushttps://www.youtube.com/watch?v=4mVzI9s93vc

Welcoming back Rick Sharga in this episode with our FIRST in-person podcast. Rick has been on the show before during our virtual sessions but is back now to discuss what is going on in the mortgage market today. Rick is the Executive Vice President of Market Intelligence at ATTOM, one of the country's leading providers of comprehensive real estate data for companies in the real estate, mortgage, insurance, finance, and government markets.  In this episode, Rick and I dive deep into conversations on mortgages and how the real estate market looks so different now than it has in previous years. What the future may hold and what data resources to pay attention to as you navigate this market in 2023. Thank you for listening and I hope you all enjoy this discussion.

In this Real Estate News Brief for the week ending January 28th, 2023... what's happening with inflation, a new surge in foreclosures, and the affordability of renting versus buying.   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 latest report on the cost of goods and services shows that inflation is cooling off. The PCE index is the Federal Reserve's preferred measure of inflation and it shows a tiny .1% increase for December. That reduces the annual rate from 5.5% to 5%. When you eliminate the cost of food and gas, the monthly increase was .3% with an annual rate that's down from 4.7% to 4.4%. PCE stands for Personal Consumption Expenditures. (1)   We also have a new report on the GDP. The government reports that the Gross Domestic Product grew at a solid 2.9% in the fourth quarter of last year. That's after a reading of 3.2% in the third quarter, and two negative quarters in the beginning of 2022. Economists generally believe that we'll see slower economic growth in 2023 due to the Fed's rate hikes. The rate hikes are meant to slow the economy and help bring inflation back down to the 2% level. (2)   The National Association of Home Builders reported on the housing share of the GDP which is lower than normal due to the constrained housing market conditions. The NAHB explains the two housing market components that contribute to the GDP as the residential fixed investment or RFI which includes home building and remodeling. The second component covers housing services like rent, utilities, and the cost that owners would have to pay to rent their own homes. For the fourth quarter the RFI was 4% of the economy while housing services accounted for 11.9%. That's a total of 15.9% of the GDP. Historically, the total is 17 or 18% of the GDP with an average of 5% for the RFI and 12 to 13% for housing services. (3)   Weekly jobless claims are down again, to their lowest level since April. Weekly initial claims dropped another 6,000 to a total of 186,000. Ongoing claims were up 20,000 to a total of 1.68 million. Several companies have announced layoffs but that hasn't had an obvious impact yet on jobless claims. (4)   New home sales were slightly higher in December. The Commerce Department says they were up 2.3% to a seasonally-adjusted annual rate of 616,000. Year-over-year, they are down 26.6%. That hit a peak of 1.04 million in August of 2020. (5)    Mortgage Rates   Mortgage rates were down a little more last week. Freddie Mac says the average 30-year fixed rate mortgage was down 2 basis points to 6.13%. 15 year loans were down 11 points to 5.17%. (6)   In other news making headlines...   Foreclosure Rate Doubles   Foreclosure rates are rising once again, but have not returned to pre-pandemic levels. ATTOM Data says they more than doubled in 2022 compared to 2021, with a 115% increase. In 2022, there were foreclosure filings on .23% of all housing units. In 2021, foreclosure filings accounted for just .11% Back in 2019, before the pandemic, they accounted for .36% of all properties. (7)   ATTOM's Rick Sharga says: “Government and mortgage industry efforts during the pandemic, coupled with a strong economy, have helped prevent millions of unnecessary foreclosures.”   States with the highest number of foreclosure starts last year include California, Texas, Florida, Illinois, and Ohio. Foreclosures hit a peak at the height of the housing crisis in 2009 and 2010. Back then, almost 2-and-a-quarter percent of all homes went into foreclosure.   Renting Now Cheaper than Owning in Most Areas   Research from ATTOM Data also shows that renting is now more affordable than owning in 95% of the places where most people live. That's a complete reversal from last year when it was more affordable to own your own home in 60% of the markets that were analyzed. (8)   Rick Sharga commented on the change in affordability saying “What a difference a year makes.” The study was based on the average three-bedroom rent compared to owning a similar sized home.   The only place where it was more affordable to buy than to rent was in Cook County near Chicago. Homeowners in that area typically pay 40% of their paycheck for housing while renters pay 38%.   If you'd like to learn more about investing in today's rental housing market, check out our virtual live event on February 11th. It's an all-day event featuring ten property teams in 11 markets and one commercial broker. You can find out more by joining RealWealth for free at newsforinvestors.com and registering for the event. If you miss it, we will have some of the sessions available on the RealWealth website for a replay. But if you want to see all of it, you'll need to attend.   That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/u-s-inflation-rate-slows-again-to-15-month-low-pce-shows-11674826498?mod=economy-politics   2 - https://www.marketwatch.com/livecoverage/stock-market-today-nasdaq-set-to-lead-after-tesla-results-impress/card/u-s-gdp-grew-faster-than-expected-in-final-quarter-of-2023-but-don-t-expect-a-repeat-SXstKUC8fTFH4HHAkr3h   3 - https://eyeonhousing.org/2023/01/housing-share-of-gdp-lower-in-the-fourth-quarter-of-2022/   4 - https://www.marketwatch.com/story/u-s-weekly-jobless-claims-fall-to-lowest-level-since-april-11674740614?mod=economy-politics   5 - https://www.marketwatch.com/story/u-s-weekly-jobless-claims-fall-to-lowest-level-since-april-11674740614?mod=economy-politics   6 - https://www.freddiemac.com/pmms   7 - https://www.attomdata.com/news/market-trends/foreclosures/attom-year-end-2022-u-s-foreclosure-market-report/   8 - https://www.scotsmanguide.com/browse/content/where-most-people-live-renting-is-now-more-affordable-than-owning

Happy New Year and welcome to 2023! It's time to turn the page on 2022 and look for new real estate investing opportunities! And we have ATTOM's Rick Sharga to help us do that! He joins me in this interview to talk about his data-based opinions on what the real estate market might do this year. That includes specific markets that are more likely to outperform or underperform other markets, along with the strengths and weaknesses of different asset classes.   If you don't know Rick, you should. He has more than 20 years' of experience in the real estate and mortgage industries and is currently the Executive Vice President of Market Intelligence for real estate data firm, ATTOM Data. He is also one of the most frequently quoted experts on real estate, mortgage, and foreclosure trends by major media outlets.   Rick has also served as Executive Vice President at RealtyTrac, as an EVP for Carrington Mortgage Holdings and Chief Marketing Officer of the company's Vylla business unit, and as the Chief Marketing Officer of Ten-X and Auction.com. If you'd like to hear more about what happened in 2022, check out my 2022 year-end review with Rick Sharga.  We discuss the ups and downs of last year's market, and what we think is important for investors to know about 2023. Join RealWealth and enjoy all the benefits of membership at: https://tinyurl.com/joinrealwealth Subscribe to the Real Wealth Show podcast:  https://tinyurl.com/RWSsubscribe  Thanks for listening! Kathy Fettke

Foreclosures, mortgage rates, housing prices; if there's one person to ask about any of it, it's Rick Sharga, Executive Vice President at ATTOM, who handles housing market data and forecasting all day, every day. Rick is often seen as a housing fact crusader, taking down the clickbait hype that many mainstream articles love to post. While other media channels push fear, Rick focuses on facts, showing what's happening in the housing market, whether it's good or bad news.Rick knows much more about home foreclosure numbers than most, so we took time today to ask him exactly how rising interest rates, crushing unaffordability, and shrinking home prices affect today's homeowners. Could there be a foreclosure crisis on the horizon? Or, are homeowners in such a solid position that the chance of getting foreclosed on is slim to none? And if you're looking to make some money during this declining market, which strategy would work best as buyers and sellers get desperate?We also take a chance to get Rick's opinion on where interest and mortgage rates could be heading over the next year. Rick lays out the exact scenarios that could cause rates to plummet or rise multiple percentages and how homebuyers may go through a rate “reprogramming” to get hungry for houses once again. If you're holding, buying, selling, or renting in 2023, this is the data you need to know!In This Episode We CoverThe interest rate “reprogramming” and why rates don't need to hit rock bottom for a buying frenzy to start againMortgage rate predictions and what could happen that would cause rates to spike in 2023The latest foreclosure data and why homeowners being “underwater” isn't what you thinkThe best opportunity for real estate investors and the revival of wholesaling in 2023Bad news for house flippers and why profits are starting to drop for home renovationsThe “short-term pain, long-term gain” of real estate investing in 2023 (and beyond!)And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets ForumsBiggerPockets AgentBiggerPockets BootcampsJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelDave's BiggerPockets ProfileDave's InstagramJamil's BiggerPockets ProfileJamil's InstagramHear Our Past Episode with RickATTOM's Home Flipping ReportConnect with Rick:Rick's LinkedInRick's TwitterCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-66Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In Ohio, foreclosures increased by more than 167% during the first six months of 2022, according to Attom, making the state's foreclosure rate of one in every 475 homes the third highest in the nation.

As the Fed continues to raise interest rates to slow down a booming economy and unacceptably high inflation, there are a several questions on the minds of every real estate investor, including: 1 - Are we going into a recession?2 - Will there be a housing crash? How far will home prices fall?3 - Will there be more evictions and rent reductions?4 - Will we see an uptick in foreclosure activity?5 - Which markets will be more resilient?In this episode, our real estate guest expert will share some ideas on what he thinks will happen, and what investors need to know to be prepared.Rick Sharga has more than 20 years' experience in the real estate and mortgage industries and is currently the Executive Vice President of Market Intelligence for ATTOM Data Solutions which is a market-leading provider of real estate and property data. Rick has also served as Executive Vice President at RealtyTrac, as an EVP for Carrington Mortgage Holdings and Chief Marketing Officer of the company's Vylla business unit, and as the Chief Marketing Officer of Ten-X and Auction.com, the leading online real estate marketplace. He is one of the most frequently quoted experts on real estate, mortgage, and foreclosure trends by major media outlets. Join RealWealth here: https://tinyurl.com/joinrealwealthSubscribe to the podcast here (or on your preferred podcast player): https://tinyurl.com/RWSsubscribeFor more information, and to listen to more episodes, go to: RealWealthShow.com

In this episode of Commitment Matters, Mary speaks with Sylvia Smith Turk, Division President at Stewart Title Company, and co-chair of ALTA's State Legislative and Regulatory Action Committee. During their conversation, Sylvia or Mary mentioned: AS co-chair of ALTA's State Legislative and Regulatory Action Committee (SLRAC), Sylvia gave a great update on its work, including how it has evolved in the past few years and recent speakers like PRIA and UNC (I couldn't quite tell if this was an M or N – to figure out who this was. Can you help?) The subject of Redaction is complex, as Sylvia explains – highlighting concerns from both the business and consumer perspective. Learn more about Data Redaction in Government Documents in this primer. ALTA also offers a number of resources on their Redaction and Record Shielding page.Discriminatory Covenants also remains a topic at the forefront in our industry. Sylvia talks about how these illegal and unenforceable restrictions can still do harm and this CLTA article offers a look at questions you may be askingSylvia reports that the Uniform Law Commission is drafting language around restrictive covenants and is a great way to get involved in the discussions. Here's a link to the Restrictive Covenants in Deeds Committee.Mary and Sylvia tag team to offer a brief 101 on the topic of Data Privacy and ALTA provides a number of educational tools to help you get up to speed on the subject.California passed the California Consumer Privacy Act (CCPA) back in 2020, with the basic posture that a consumer's data is their own, but both Sylvia and Mary talk about how much more in-depth this legislation – and its implementation - truly is; and how it has added pressure for a Federal bill.The Gramm-Leach-Bliley Act already requires the title and settlement industry to ensure privacy of consumer date and Data Privacy statements have been provided for years because of this.Wire Fraud continues to increase in our industry. Check out this helpful document from TLTA on how to avoid and respond. As Sylvia mentions, ALTA provides a number of resources as well. HELOC transactions are back in Sylvia world and HousingWire recently posted an article noting they are “raging back.” Read that here.Foreclosures are slowly increasing as well, but Sylvia notes they are nowhere near what had been the norm in the 2010's. ATTOM reports on the first six months of 2022's Foreclosure Activity here.As Sylvia mentioned, Cash Buys are still a thing, too. This article estimates almost a third of U.S Home purchases are this type of transaction right now.Mary and Sylvia recount their experiences with advocacy and legislation. The ALTA Advocacy Summit Is a great way to dip your toe in these waters and both host and guest encourage you to get involved!Got a topic or guest idea you want featured? Leave a voice message at 214.377.1807 or email podcasts@ramquest.com. Don't forget to subscribe, rate, and review this podcast on Apple Podcast, Spotify, or wherever you listen to podcasts, or visit RamQuest.com/podcast to download the latest episode. Lastly, we love to see when and how you're listening. Share our posts, or create your own and tag them: #CommitmentMattersPodcast

This is a crosspost episode from the Housing News Podcast, hosted by Clayton Collins. This week,  Clayton is coming to your feed live from the Blueprint proptech and real estate conference in sunny Las Vegas, Nevada. He had the opportunity to sit down in person and talk to Rick Sharga, the Executive Vice President at ATTOM, and Nate Smoyer, the Head of Marketing at Obie as well as the host of the Tech Nest Podcast.The three of them talk about what they learned and took away from the Blueprint conference, and how the market is impacting the decisions being made by prop-tech, mortgage tech, and real estate companies.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.Check out the Housing News podcast at https://www.housingwire.com/podcastFollow and connect with this week's guests: Follow Housing Wire on Twitter Follow Housing Wire on LinkedIn Follow Clayton on Twitter Connect with Clayton on LinkedIn Follow ATTOM on Twitter Follow ATTOM on LinkedIn Follow Rick on Twitter Connect with Rick on LinkedIn

Today I get to interview Rick Sharga, one of the nation's leading experts in real estate market intelligence. Rick is the Executive Vice President of Market Intelligence at ATTOM, one of the country's leading providers of comprehensive real estate data for companies in the real estate, mortgage, insurance, finance and government markets. We chat about what indicators we are looking at leading into this shifting real estate market. We talk about upcoming foreclosures and if it looks like the housing bubble is finally going to burst. We talk about the similarities and differences between the markets today and in 2007/2008. We chat about what you can do to prepare and get ahead in the upcoming markets and so much more. I hope you enjoy this episode as much as I did chatting with Rick.

Jul 29 – After this week's market wrap-up with Ryan Puplava, Financial Sense Newshour speaks with Tom McClellan to get an update on his outlook for the stock market, the economy, and more. Next, Rick Sharga at ATTOM discusses the dramatic slowing...

On today's show we're talking about the rising risk of defaults in the US residential real estate market. There is a real estate data company called ATTOM. They're based in Irvine California. The specialize in correlating data from numerous sources to create data that is uniquely useful in ways that raw data might be more difficult to use. They just issued a new report on distressed properties in the US and they've highlighted which counties in the US have the highest rates of defaults and foreclosures. This risk report shows which counties are at highest risk. The report shows that New Jersey, Illinois, some of the inland counties in California are home to 30 out of the top 50 counties in the US most vulnerable to potential declines. Eight of these counties are in the Chicago area, six are near NYC and 10 sprinkled through northern and central and southern California. If you want to be ahead of the game in the upcoming downturn in the housing market, it might be worth researching those counties that are most at risk and putting your systems in place to capitalize on helping owners those markets. -------------- Host: Victor Menasce email: podcast@victorjm.com

There's a lot of uncertainty in the economy right now as inflation pushes higher. The housing market is contributing to inflation with higher home prices, and now we're seeing higher mortgage rates. As potential homebuyers get priced out of the market, real estate investors see the need for housing as a big opportunity for single-family rentals.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.Institutional investors have been very busy this year expanding their portfolios of single-family rental homes. As reported by HousingWire, they've sponsored at least 10 SFR securitization deals worth almost $8 billion. (1) ATTOM Data Solutions' Rick Sharga says: The historically low inventory of homes to buy coupled with (rental) vacancy rates hovering around 2.5%, have positioned SFR owners for success in today's housing market.”Strength of the Single-Family Rental MarketThe institutional deals highlight the strength of the single-family rental market, but it's the “mom and pop” investors who are the biggest beneficiaries because the single-family rental market is dominated by small investors. According to rentalhomecouncil.org, 99% of single-family rentals are owned by smaller investors and 90 percent of them own fewer than ten units. (2)But the Wall Street landlords are showing a lot of interest, and their share is growing. This trend is gaining momentum as potential homebuyers lose the battle against inflation, and the Fed tightens the belt on the money supply.The Fed's recent decision to increase short-term lending rates by a whopping 75 basis points is the Fed's latest attempt to slow a hot economy. It's the biggest rate hike we've seen since 1994 and will raise borrowing costs for adjustable rate mortgages and other short-term loans.Rising Mortgage RatesIt's not directly tied to the popular fixed-rate mortgage, but will impact mortgages through a complex set of economic relationships. That includes nervousness among investors, bond yields and the 10-year Treasury. After more than a decade of low mortgage rates, the 30-year fixed-rate mortgage topped 6% last week. According to ATTOM, mortgage originations were down 18% from the Q4 of last year to Q1 of this year. Year-over-year, they were down 32%. The biggest reason for the mortgage downturn is a decrease in refinancing. ATTOM says just 1.45 million home loans were rolled into new mortgages during the first quarter. That's 22% lower than the end of last year and 46% lower than a year ago.According to Sharga: “The drop-ff in Q1 refinancing activity is no surprise with mortgage rates rising as rapidly as they have.”Renting Cheaper than BuyingHome prices are also keeping homebuyers at bay. According to John Burns Real Estate Consulting, it's now more costly to own a home than it is to rent one since the year 2000. The consulting group says it costs about $839 per month more to buy than to rent. (3)John Burns senior research manager, Danielle Nguyen, says: “With demand now shifting toward renting, home builders who were once reluctant to sell to rental home investors are now soliciting offers from investors.” She says: “Strong demand from investors will provide additional support to today's home prices.”SFR Opportunities for InvestorsAs dire as it may sound to hear about higher mortgage rates and expensive homes, demand for single-family rentals remains strong, and that's attracting more institutional investors. MetLife Investment Management told HousingWire that: “MIM believes that institutional SFR ownership is likely to grow significantly over the next decade.” It expects that share to grow from 2% where it is today to around 10% in the future. Much of that growth will come from the new build-to-rent trend that's taking shape.It isn't just the big landlords who are doing the build-to-rent thing. Although it's great that institutional investors might prefer to leave the existing home inventory to small investors and homebuyers, there are opportunities for small investors to own newly-built rentals. If you're a member of RealWealth, then you probably know that we work with with property teams who can provide that kind of rental unit to our members. If you'd like to know more about that, please go to newsforinvestors.com and sign up. It's free, and will give you access to our resources, including investment counselors and property teams. While you are there, you can also check for links on this topic in the show notes for this episode.Also, please remember to hit the subscribe button, and leave a review! Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.housingwire.com/articles/as-rates-skyrocket-wall-street-single-family-rental-investors-see-opportunity/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=216674568&_hsenc=p2ANqtz-9kKz4UtawEjJ2FBXak6h5mP0nz8HU01QcfNmJN26CMLgu3kR8V-0LQbz_pxwqztwv6NKfgARrR6Fz2zghXhhq6CKy2Gg&utm_content=216674568&utm_source=hs_email2 -https://www.rentalhomecouncil.org/3 -https://www.marketwatch.com/story/its-now-more-expensive-to-own-a-home-than-to-rent-one-than-at-any-time-since-2000-heres-what-that-means-for-house-prices-11655213808

It's a housing market crash! It's a housing market bubble! It's a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we've heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot.If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we're headed next. Whether you think we're in for smooth sailing or on the cusp of another crash, Rick's predictions may surprise you. In This Episode We Cover:Why competition has recently fallen and whether or not this is permanent for the housing market The difference between 2022's housing market and the 2007/2008 housing marketWhether or not raising interest rates has affected hot housing marketsIf we're entering bubble territory and how to tell the real estate market is going southWhich real estate markets are primed for a correction in 2023 (and beyond)How to get ahead of the foreclosure auctions in a “high equity” housing market And So Much More!Links from the showATTOM Data SolutionsOn The Market PodcastRedfinZillowFannie Mae Wallstreet JournalWeatlh TrackFederal Housing Administration (FHA)BlackstoneRealtyTracYoutubeTiktok Dave Meyer's Instagram @thedatadeliBiggerPockets YoutubeDavid Greene's Instagram @davidgreene24David Greene Real Estate (Youtube)Rick's LinkedInRick's Twitter @rickshargaClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Real Estate News Brief - Week Ending April 16, 2022;Inflation Hits 40-Year-High, Double-Digit Rent Growth, Rising Cost for New HomesIn this Real Estate News Brief for the week ending April 16th, 2022... the latest surge in consumer prices, where rents are growing the fastest, and the high cost of building new homes.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, and another alarming report on inflation. The consumer price index jumped 1.2% last month to a 40-year high of 8.5%. The increase was mostly driven by higher prices for gas, food, and housing. If you eliminate gas and food you get a core rate of 6.5%. Some economists believe that inflation will ease up soon, when the price of oil stabilizes and some of the supply chain issues clear up. But other economists worry that we might continue to see prices going higher. (1)Wholesale prices are also surging. The producer price index was up 1.4% in March to an annual rate of 11.2%. That's the highest it's been in almost 40 years and likely a sign of continued inflation. Economist Kurt Rankin of PNC Financial Services says: “Producer prices are an early warning sign of what households can expect in terms of consumer price inflation.” (2)There was a slight rise in new jobless claims, but that's off a 54-year low just last week. The Labor Department reported an 18,000 increase in applications, to a total of 185,000. Meanwhile, the number of continuing claims went down 48,000 to a total of 1.48 million. (3)Mortgage RatesMortgage rates hit the 5% mark for the first time in more than 10 years. Freddie Mac says the average 30-year fixed-rate mortgage was up 28 basis points to exactly 5%. The 15-year was up 26 points to 4.17%. High home prices combined with higher mortgage rates are making it a lot harder for many Americans to become homeowners. (4)In other news making headlines…Rents Hit Double-Digits in Many AreasRents are also moving higher in step with home prices. Many landlords are playing catch-up with rent levels after the pandemic. Realtor.com says that average rents are up almost 20% since 2020. The research covered March of 2020 to March of this year. (5)Among the areas with the fastest rent growth are Miami; Riverside County, California; and Tampa, Florida. Orlando and Jacksonville are also both in the top 10 for rent growth.Realtor.com economist Daniel Hale says that rents are creating affordability issues for some renters. She also says there are signs that rent growth is slowing down but it's hard to predict if the trend will continue. She says: “The jury is still out on whether rent growth will hit single digits by the end of 2022.”Property Taxes Heading HigherHome values appear to be rising much faster than property tax, which suggests that tax assessors have some catching up to do. ATTOM Data Solutions says the average property tax on single-family homes rose 1.8% nationwide last year. That's the slowest pace of tax growth in five years. (6)ATTOM's Rick Sharga says it's surprising that property taxes have gone up more because home values are up 16% for last year. That likely means that homeowners can expect to see higher tax bills as homes are reassessed.Some areas have already increased property taxes. In Nashville, Tennessee, they went up an average of 27% last year. Milwaukee homeowners are paying about 18% more on property taxes. Baltimore and Grand Rapids, Michigan, are third and fourth for the highest recent tax increases. Surprisingly, tax rates actually went down in some areas including Houston, Dallas, and Austin, Texas.Prices Keep Rising for Building MaterialsThe cost of building a new home keeps going up, although lumber prices just came down a little. The National Association of Home Builders says building material prices have gone up 20.4% year-over-year and 33% from the beginning of the pandemic. (7)Additional costs have added 31% to the cost of a new home. Realtor.com reports the average sales price of a new home was $511,000 in February. Insider attributes the drop in lumber prices to improvements in the supply chain and a softening of demand for lumber. It says lumber prices have fallen 39% from a March high and are now 52% lower than they were in May of last year. That's when they peaked at $1,733 per one thousand board feet.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. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. Thanks for listening. I'm Kathy Fettke...Show Notes link: https://www.newsforinvestors.comJoin link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20LinkSubscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id107995271 Links:1 - https://www.marketwatch.com/story/coming-up-consumer-price-index-for-march-11649764935?mod=economy-politics2 - https://www.marketwatch.com/story/wholesale-prices-surge-1-4-and-point-to-high-u-s-inflation-through-the-spring-11649853503?mod=economic-report3 - https://www.marketwatch.com/story/jobless-claims-bounce-higher-after-hitting-54-year-low-in-prior-week-11649940054?mod=mw_latestnews4 - https://www.freddiemac.com/pmms5 - https://magazine.realtor/daily-news/2022/04/14/rent-jumps-by-nearly-20-in-2-years6 - https://www.attomdata.com/news/market-trends/home-sales-prices/attom-2021-property-tax-analysis/7 - https://magazine.realtor/daily-news/2022/04/14/building-materials-rise-but-lumber-prices-ease

In this Real Estate News Brief for the week ending April 9th, 2022... the Fed's inflation fighting game plan, first quarter housing affordability, and the metros with more new listings.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, and the Fed's plan to rapidly shrink its $9 trillion balance sheet to help control inflation. According to the minutes of its March meeting, which were released last week, the Fed plans to reduce its bond portfolio by about $95 billion per month. (1) Fed policymakers haven't made a final decision yet, but they say the reduction plan could begin next month.Federal Reserve Governor Lael Brainard said at a conference that she expects a series of rate hikes and a rapid winding down of the balance sheet to bring inflation to a “more neutral position.” That includes bigger-than-usual rate hikes. Kansas City Fed President Esther George said in a Bloomberg TV interview that “50 basis points is going to be an option that we'll have to consider, along with other things.” San Francisco Fed Bank President Mary Daly said during a meeting in Seattle that she doesn't expect the nation to fall into a recession. She said: “We could slow so it looks like we are teetering close to it, that's possible, but it will be a short-lived event I expect, and then we'll be back up.” (2)Jobless claims came in at 166,000 last week, which is the second lowest reading in U.S. history. The last time jobless claims were that low was back in 1968. The job market is strong, and that's one major buffer against the risk of recession. Wages are rising at a fast pace, although they are not keeping up with inflation. But jobs are plentiful, and workers are easily quitting one job for another. (3)Mortgage RatesMortgage rates are also rising quickly. Last Thursday, Freddie Mac said the average 30-year fixed-rate mortgage was 4.72%. The 15-year was 3.91%. It's gone even higher since then making it harder for many Americans to afford a mortgage. (4) In other news making headlines... Homes Affordability Drops in Many AreasRising mortgage rates combined with higher home prices are knocking a lot of people out of the home buying market. ATTOM Data Solutions' first quarter Home Affordability Report shows that home price growth in the first quarter was faster than it's been for at least 15 years. It shows that median-priced single-family homes in 79% of the counties analyzed were less affordable in the first quarter than in the historical past. The same report at the beginning of “last year” showed that 38% of the counties were less affordable. (5)ATTOM's Rick Sharga says: “It's certainly no surprise that affordability is more challenging today for prospective homebuyers.” He says: “As home prices continue to soar and interest rates approach five percent on a 30-year fixed rate loan, more consumers are going to struggle to find a property they can comfortably afford.” Inventory Increasing for Spring SeasonThere has been an increase in listings for the spring buying season, with more on the way. Realtor.com says that new listings were up 8% last week, and a new survey shows that 64% of the people in the survey plan to sell their homes in the coming months. (6)That's already starting to bring prices down. According to Redfin, 12% of the homes for sale had a price drop during the month of March, although Redfin's chief economist Daryl Fairweather says that “price drops are still rare” but they do show “there's a limit to a sellers' power.” He says: “Sellers can no longer overprice their homes and expect buyers to clamor at their door.” Redfin says the average home has been selling 2.1% above its asking price. (7) Cities with the Most New ListingsRealtor.com did some research as to which metros are seeing the most new listings. At the top of the list is Panama City, Florida. Daphne, Alabama is second on the list followed by Myrtle Beach, South Carolina; Jacksonville, North Carolina; Iowa City, Iowa, and Macon, Georgia. Rounding out the top ten are East Stroudsburg, Pennsylvania; Greeley, Colorado; Boise, Idaho, and Atlantic City, New Jersey. It sounds like there's a little something in there for everyone. 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. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/balance-sheet-to-shrink-by-95-billion-per-month-as-many-on-fed-see-50-basis-point-hikes-coming-minutes-show-2022-04-06?mod=mw_latestnews2 -https://www.reuters.com/business/feds-brainard-sees-methodical-rate-hikes-rapid-balance-sheet-shrinkage-2022-04-05/3 -https://www.marketwatch.com/story/u-s-jobless-claims-drop-to-54-year-low-of-166-000-11649335442?mod=u.s.-economic-calendar4 -https://www.freddiemac.com/pmms5 -https://www.attomdata.com/news/market-trends/home-sales-prices/attom-q1-2022-u-s-home-affordability-report/6 -https://magazine.realtor/daily-news/2022/04/07/housing-inventory-turnaround-possible7 -https://magazine.realtor/daily-news/2022/04/08/there-may-be-a-limit-to-sellers-power8 -https://www.realtor.com/news/trends/where-were-seeing-the-most-new-listings/