Podcasts about attom data solutions

The latest foreclosure report by Attom Data Solutions is out for Q1 of 2024. Scott shares the results from the latest findings that the "market is in transition" and discusses how this can affect buyers, sellers, and investors.He shares the number of foreclosure filings, foreclosures completed, new REOs, and which states are seeing the most amount of distressed borrowers out there. Scott also shares which states are experiencing the longest and shortest foreclosure timeframes and the five biggest cities seeing trouble. The results also share how Q1 numbers compared to Q4 of 2023 and the year-over-year numbers for everything involved. You can read the full report at https://snip.ly/Q124ForeclosuresWatch 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

(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

Today, Jason is joined by Rick Sharga of ATTOM Data Solutions, licensor of the nation's most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings and search portal. Is there a looming housing crisis? Not according to the data! Listen in and get the facts minus the misinformation and hype from the YouTube click bait sensationalist ‘chicken littles'! Know the facts and data that will serve as an indicator of trends  in the single-family housing investment space across different markets. Note: This interview was done last December 2022. Rick is now with https://cjpatrick.com/   Quotables: “93% of the people in foreclosure have positive equity.” – Jason Hartman “Our data shows that about 6% of homeowners nationally are underwater on their loans. There's half a percent of homeowners who are in foreclosure.” Rick Sharga Mentioned: Altos Research 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

For today's episode,  Clayton is joined by Steve Ozonian, the CEO of Williston Financial Group. Steve is a longtime real estate executive with a range of entrepreneurial and leadership experience, including board involvement at LendingTree, Attom Data Solutions, Inside Real Estate, and most recently, LoanDepot. In this conversation, they discuss some really important topics, including leading through the inevitable cycles in the housing industry and connecting the housing sector across mortgage origination, real estate brokerage, and title.  They also talked about planning long-term growth strategies while also weighing the options between organic and acquisitive growth.Related to this episode:Connect with Steve on LinkedInWilliston Financial GrouploanDepot settles with Hsieh, nominates Steve Ozonian to boardWFG acquires West Coast retail title operations from DomaHousingWire's Youtube ChannelEnjoy the episode!Gathering of Eagles will bring together the nation's top residential real estate CEOs, Presidents, and C-Level leadership teams to grow, network, and set the pace for what's next in our industry. 2023's Gathering of Eagles is at Omni Barton Creek Resort in the rolling hill country of Austin, Texas from June 18-21. Click here to learn more and register your spot!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.

The EMPOWERED INVESTOR LIVE conference is almost upon us! Don't miss this life-changing opportunity to empower your journey to Financial Freedom! Acquire the life-changing information to let you begin walking down the road to your Financial Independence Day! Join us for a complete education, exclusive properties and more. Are you aware that income property is history's proven best investment? Jason and his team of experts will empower you to true financial freedom! Go to EmpoweredInvestor.com/LIVE to get your tickets today! Plus, you are also invited to go on vacation with me on the Empowered Investor PRO - Member retreat cruise. Go to EmpoweredInvestor.com/cruise for more details! Today, Jason is joined by Rick Sharga of ATTOM Data Solutions, licensor of the nation's most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings and search portal.  Is there a looming housing crisis? Not according to the data! Listen in and get the facts minus the misinformation and hype from the YouTube click bait sensationalist 'chicken littles'! Key Takeaways: Jason's editorial 1:22 Rick Sharga on the show today! 2:01 Negative 45% in office REITs; the declining need for office space 5:47 Outsourcing everything but not housing 9:49 Chart: Number of mortgages by interest rate 10:28 Chart: Household equity bubble 2.0 12:18 Join us at EMPOWERED INVESTOR LIVE 13:27 Go on vacation with me on the Empowered Investor PRO - Member retreat cruise. Get your tickets at EmpoweredInvestor.com/cruise Rick Sharga interview 15:30 Welcome back Rick 16:12 Is the sky falling? The numbers say NO 21:51 Chart: GDP Recovers After Two Consecutive Negative Quarters 23:25 Chart: Employment has fully recovered 25:29 Chart: Jobs, wages continue to grow 26:39 What gets your goat? 28:36 Chart: Consumer Spending soars, while confidence plummets 31:48 Consumer credit grows, while savings rate declines 36:21 Inflation still high, but may have peaked 37:14 The Federal Reserve has taken aggressive action 38:50 Yield curve inversion: is a recession inevitable 40:09 Will Federal Reserve cause a recession 43:07 Chart: Mortgage rates still near 20 year high   Quotables: "Wages for the first time in many years are growing faster than home prices." - Rick Sharga "The government took a 3 trillion dollar hole and stuffed 15 trillion dollars into it." - Friend of Rick's "When you have 50% more money floating around, you're going to have inflation!" Rick Sharga   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

In this episode, I'm going to try our new format. We're going to tackle the Foreclosure Market head on by breaking the show into four parts.In round one, we're going to get your mind right, using a solid quote from the infamous Gary Vaynerchuk (@garyv)In round two, we're going to discuss the latest foreclosure data from an article provided by ATTOM Data Solutions. Tune in to see if your area is heating up in the Foreclosure Market, and if not, to find the markets that you SHOULD be monitoring the Foreclosure ActivityIn round three, I'm going give you some of my tried and true Deal Flow Accelerator Tactics that when applied correctly, can provide you with an endless pipeline of deals. Finally in Round 4, I'll reintroduce you to Privy, the tool that I use to simplify and predict my Deal Flow.We're going to keep things fast paced, the market changes mean you need to get started soon to get out in front of the wave. I'm not saying the market is going to crash, just that it is going to provide significantly more opportunities to educated deal hunters.See you in Round 1! Let's go!Want to get Started becoming a Real Estate Investor?Are you a real estate professional ready to transition into becoming a full time real estate investor? If so click this calendly link to schedule your coaching assessment call with Donny today. Find and Analyze Deals Like a professional.Get access to the software I use daily to find and figure out my number on the Deals.Click here to analyze deals with Privy. Join the conversation today.Facebook Group - Foreclosure Deals Coach InsidersFacebook Page - Foreclosure Deals Coach Want to learn more from Donny Coram?Download the FREE ebook "The Hidden Foreclosure Deals Market"I want my free ebook NOW!

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 Real Estate News Brief for the week ending October 14, 2022... another round of inflation overload, a double whammy for home loans, and the big news from Social Security.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. Federal Reserve officials released the minutes of their last meeting which show they are more worried about inflation than they are about going overboard with rate hikes. They feel that inflation is “unacceptably high” and is not falling as fast as they anticipated. They raised the short-term rate three-quarters of a point at the last meeting to a range of 3 to 3.25%. It was the third super-sized rate hike in a row, and many economists are expecting another three-quarter point rate hike at the next meeting. (1)There were two inflation reports last week that will fan the flames for additional rate hikes. First, it was the producer price index which was up .4% in September. That was double what Wall Street economists had forecasted. The index had been down in July and August because gas prices were lower, but the latest number shows that overall inflation is still raging. The annual rate is down slightly from 8.7% to 8.5%. If you remove gas and food from the equation, the annual rate is 5.6%. (2) The monthly consumer price index was also released with a similar .4% gain in September. Economists had predicted a .3% gain. The yearly rate did slip down a bit – from 8.3% to 8.2%. It had peaked in June with an annual rate of 9.1%. The core rate shows a .6% monthly gain and a yearly “core” rate of 6.6%. As reported by MarketWatch, lower gas prices kept inflation in check toward the end of the summer, but economists don't expect them to go any lower, especially since the OPEC oil cartel is cutting production. Prices were higher for things like rent, medical care, education, furniture, new cars, and auto insurance. They were down for used cars, clothes and communication. (3)Jobless claims are still low, but they did rise for a third week in a row to their highest level since August. The Labor Department reported that initial claims were 9,000 applications higher to a total of about 228,000. Many of those claims were in Florida, however, where people are dealing with the aftermath of Hurricane Ian. Continuing claims were also up slightly to 1.368 million. (4)Consumers appear to be feeling a little more confident about the economy despite the latest inflation reports. The University of Michigan's consumer sentiment survey shows it was up about a point, to a reading of 59.8. but that's only 9.8 points higher than an all-time low of 50 in June. (5)Mortgage RatesMortgage rates continue to move higher. It is breaking through the 7% level for some loan programs, but Freddie Mac says the average 30-year fixed-rate mortgage was 6.92%. The 15-year also moved higher to an average of 6.09%. (6)In other news making headlines...Double Whammy for BorrowersNot only do borrowers have to contend with higher mortgage rates, they are now having a tougher time qualifying for a loan. According to the Mortgage Bankers Association, lenders are tightening their standards which resulted in a 5.4% decline in the Mortgage Credit Availability Index for the month of September. (7) While lenders would like the business, they are more concerned about a weakening economy and the possibility of delinquencies. The MBA's Joel Kan says: “Credit availability fell to the lowest level since March 2013 – the seventh consecutive month of tightening.” He says: “There's a smaller appetite for lower credit scores and high loan-to-value loan programs.”Home Flippers Are Getting FlippedRising mortgage rates are flipping profits to the downside for many home flippers. As reported by The Real Deal, flippers were wildly successful not that long ago. At the beginning of the year, home-flipping made up 10% of all transactions. That's according to Attom Data Solutions. It fell to 8.2% during the second quarter. (8) Data from August shows that profit margins have slipped to 26% from about 31% a year ago. But they also now plummeting a lot more in some areas, like San Jose California. The report says flipping profits hit 45% in March and are now down to 6.5%. It also says that 42% of the homes sold on Opendoor are being sold for less than the iBuyer paid for them.Hard-money lender Noah Brocious told The Real Deal that flippers need to lower their expectations. He says: “Price it to sell. Today is not the time to get greedy.”Social Security Will Be Giving Retirees a HUGE RaiseRetirees will be getting a big raise in their Social Security checks next year. Officials announced that the Cost of Living Adjustment or COLA for 2023 will be a whopping 8.7%. That's even higher than the giant 5.9% that recipients got last year. (9) The increase will apply to about 70 million people who are on Social Security, and boost checks by an average of $140 per month. The cost of Medicare Part B will also get a little bit cheaper. It will be reduced from $170.10 to $164.90.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!I also invite you to join RealWealth at newsforinvestors.com, if you haven't done so already. It's free to join and gives you complete access to all our education materials and market data, along with sample properties, and a list of recommended real estate professionals. Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/fed-saw-too-much-action-vs-high-inflation-as-less-risky-than-too-little-minutes-show-11665597813?mod=federal-reserve2 -https://www.marketwatch.com/story/wholesale-prices-rise-for-first-time-in-three-months-and-show-inflation-still-raging-11665578458?mod=economic-report3 -https://www.marketwatch.com/story/coming-up-consumer-price-index-for-september-11665662566?mod=economic-report4 -https://www.marketwatch.com/story/jobless-claims-rise-to-highest-level-since-august-11665665081?mod=economic-report5 -https://www.marketwatch.com/story/americans-inflation-expectations-rise-in-october-consumer-mood-stays-somber-11665756467?mod=economic-report6 -https://www.freddiemac.com/pmms7 -https://www.mba.org/news-and-research/newsroom/news/2022/10/11/mortgage-credit-availability-decreased-in-september8 -https://therealdeal.com/national/2022/10/11/mortgage-rates-reverse-home-flippers-fortunes/9 -https://www.cnbc.com/2022/10/13/social-security-cola-will-be-8point7percent-in-2023-highest-increase-in-40-years.html

You want to increase your expenses. I reiterate why. All five ways that real estate pays are rarely surging at the same time. In the past year, appreciation has slowed, cash flow rose, principal paydown slowed, tax benefits are roughly the same, and inflation-profiting rose. How do you become a “laptop landlord” and know that you're buying a good property? I share my favorite resources for real estate due diligence (laptop landlording). They're all in the “Resources Mentioned” below. One mistake people make is that they tend to overgeneralize. They paint an entire city one color, saying something like: “I read that Memphis has high crime.” Well, where within Memphis? You can contract with an out-of-state stranger to check out a property for you at WeGoLook.com Aundrea Newbern, COO of GRE, MBA, NAR member (the woman with all the letters behind her name) joins me. She discusses her top real estate successes and failures. We discuss floods, old cast iron pipes, partnerships, single-family vs. multifamily, LTRs vs. STRs, and the opportunity cost of waiting to buy property.  At times, if third-party inspectors see an issue, they refer you to specialists like foundation or mechanical inspectors. Resources mentioned: Show Notes: www.GetRichEducation.com/417 Due diligence resources: ATTOM Data Solutions, Redfin, CoreLogic, Zumper, Altos Research, John Burns RE Consulting, Neighborhood Scout, Google Street View, WeGoLook.com, bls.gov, US Census, FRED, GREmarketplace.com  I'd be grateful if you search “how to leave an Apple Podcasts review” and do that for this show. Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com  Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Hello and welcome to another episode of flipping out. This is Paul Lizell. I'm your host and today's guest is a very special guest here from Auction.com. His name is Daren Blomquist. The nation's largest distressed real estate marketplace, today announced the addition of Daren Blomquist as its new Vice President, Market Economist. Recently, Blomquist served as Vice President at Attom Data Solutions where he was widely recognized as an authority in the housing and mortgage industries.In his new role, Blomquist will focus on analyzing and forecasting complex macro and microeconomic data trends within the marketplace and greater industry. He will report directly to Ali Haralson, Chief Business Development Officer.“Auction.com is committed to leveraging the power of market research and analysis to provide unique value to our sellers and buyers. By leading our efforts to identify, analyze and forecast trends at the portfolio and market levels, Daren will enhance our data-driven disposition strategies and solutions to the benefit of our greater marketplace,” said Haralson.Prior to Auction.com, Blomquist directed ATTOM Media, a division of ATTOM Data Solutions, which publishes original real estate reports and analysis. The reports have been cited by thousands of media outlets nationwide, including: The Wall Street Journal, The New York Times, and USA TODAY. Blomquist also served as executive editor of the Housing News Report, named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.“Over the last decade Auction.com has revolutionized the distressed real estate marketplace with much-needed transparency, data and technology,” said Blomquist. “I am excited to help build an increasingly efficient marketplace on that already strong foundation.”About Auction.comAuction.com is the nation's largest online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.Auction.com is a Thomas H. Lee Partners company and is headquartered in Irvine, Calif., with offices in key markets nationwide. Investors include CapitalG (formerly Google Capital) and Stone Point Capital.Link : https://www.auction.com/lp/in-the-news/daren-blomquist-vice-president-market-economics-auction-com/Love the show? Subscribe, rate, review, and share!Here's How »Join Flipping Out community today:thevirtualinvestor.coFacebookLinkedIn

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

The Real Estate News Brief - Week Ending April 30, 2022; Growing Demand for ARMs, The 7-Year Foreclosure, Top Complaints about NeighborsIn this Real Estate News Brief for the week ending April 30th, 2022... you'll hear about the surging demand for adjustable-rate mortgages, the years it takes to foreclose in some states, and the top reasons people dislike their neighbors.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we start, I want to let you know that we are hosting our first live event in over 2 1/2 years on May 21st in St Petersburg Florida. I'll be there giving my 2022 Housing Update, and we'll also have property teams from 10 different markets to update us on what's going on in their markets and share available income properties. We'll also have a tour of rental properties in St Pete on Sunday and then Jacksonville on Monday. Check it out at newsforinvestors.com Economic NewsWe begin with economic news from this past week, and more concerns about inflation. The Federal Reserve's preferred inflation index rose again in March to an annual rate of 6.6%. That's up from an annual rate of 6.4% in February. But there are signs that inflation may be hitting a peak because the core rate of inflation went down for the first time in a year. The core rate excludes food and energy and decreased from 5.3% to 5.2% in March. The Fed believes the PCE is more accurate than the consumer price index or CPI because it's more comprehensive. (1)Despite all the worries about inflation, the job market is going strong. Initial claims were down 5,000 to just 180,000 last week. Continuing claims were also down to their lowest level since 1970, at approximately 1.41 million. (2)Rising mortgage rates are putting a damper on new home sales. The Census Bureau says that sales dropped 8.6% in March to an annual rate of 763,000. High prices are also discouraging buyers. The median price for a new home was $436,700 in March. That's about $77,000 more than it was in March of last year. (3)Pending home sales for existing homes were also down in March. The National Association of Realtors says they dipped 1.2%. It is predicting that sales will be down a total of 9% for the year. NAR's chief economist Lawrence Yun expects multiple offers to disappear, and calmer, more normal conditions to replace the homebuying frenzy we've been witnessing. (4)Because demand remains high for housing, home prices continue to rise. The S&P CoreLogic Case-Shiller 20-city index was up 2.4% in February. That brought the annual rate up to 20.2%. At a national level, annual home price growth rose to 19.8%. The Federal Housing Finance Agency reported similar results. It shows that home prices rose 19.4% year-over-year in February which was a 2.1% increase from January. (5)There are mixed reports on consumer sentiment. A survey on consumer confidence shows it dipped slightly in April because of inflation. But it also shows that consumers are still spending money on big-ticket items, despite the high prices. (6) Meantime, the University of Michigan's consumer sentiment index jumped higher by several points. Consumers are reportedly happy that gas prices have gone back down a bit, and are feeling more optimistic about the future. (7)Mortgage RatesMortgage rates didn't move much, but the average 30-year fixed-rate mortgage remains above the 5% level. Freddie Mac says it was down just one basis point to 5.1%. The 15-year was up 2 points to 4.4%. (8)In other news making headlines…ARMs In High Demand as Fixed Rates RiseMore home buyers are choosing adjustable-rate loans to keep mortgage payments lower at the beginning of their loan term. The Mortgage Bankers Association says demand for ARMs has “doubled” compared to three months agoThe interest rate for an ARM was 3.78% last week, according to Freddie Mac. The Mortgage Bankers Association says the average rate for a 5-year ARM was 4.28%. Both are lower than the 30-year fixed rate, and that's driving up demand. (9)The Lengthy Process of ForeclosureBuying a foreclosure might get you a great price on a home, but in some places, the length of time it takes to foreclose could eclipse any monetary value. ATTOM Data Solutions published a report on the states with the longest average times to foreclose, and the winner was Hawaii, at 2,578 days. That's a little longer than 7 years. Louisiana, is second on the list with an average of about 2,000 days or 5.5 years. Other states on the top ten list include Kentucky, Nevada, Connecticut, New York, Florida, New Jersey, Pennsylvania, and New Mexico. New Mexico was last on the list but foreclosures there still take more than 3.5 years. (10)At the other end of the spectrum are states with the fastest foreclosure process. Montana came out at the top of that list, at 133 days. Mississippi was second at 146 days, and West Virginia was third at 197 days.What's Up with the Neighbors?The last story I'd like to share with you is a report on the top reasons Americans don't like their neighbors. According to a Lending Tree survey, 28% of the participants said their neighbors “give off a weird vibe.” Other reasons include noise levels, rudeness, disruptive pets, being nosy, and unruly kids. Some people also said they don't like it when their neighbors have guests that park in front of their house, or their parking space. Smoking was listed by 11% of the people. 4% said they had issues with their neighbors' political views, and 3% said they were not happy that their neighbors were using their homes as short-term rentals. (11)It's interesting that so few people listed short-term rentals as a problem, given all the controversy about how much disruption they cause, or don't cause. Of course, it's often the case that people who are disgruntled about an issue will speak out more loudly than the ones who don't mind.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/id1079952715Links:1 - https://www.marketwatch.com/story/coming-up-pce-inflation-index-and-consumer-spending-11651234498?mod=economy-politics2 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-5-000-to-180-000-showing-momentum-continues-in-labor-market-11651149515?mod=home-page3 - https://www.marketwatch.com/story/new-homes-are-likely-a-viable-choice-for-fewer-first-time-home-buyers-new-home-sales-dip-as-affordability-worsens-11650982695?mod=economic-report4 - https://www.marketwatch.com/story/the-spring-housing-market-is-off-to-an-unpredictable-start-pending-home-sales-fall-amid-rising-mortgage-rates-11651068612?mod=search_headline5 - https://www.marketwatch.com/story/it-will-take-time-for-surging-mortgage-rates-to-rebalance-the-market-home-prices-are-still-skyrocketing-but-buyers-could-see-relief-soon-11650979422?mod=economic-report6 - https://www.marketwatch.com/story/consumer-confidence-slips-in-april-but-americans-arent-cutting-back-on-spending-11650982322?mod=economic-report7 - https://www.marketwatch.com/story/consumer-sentiment-jumps-in-april-on-lower-gas-prices-and-more-optimism-about-the-economy-11651241527?mod=economy-politics8 - https://www.freddiemac.com/pmms9 - https://magazine.realtor/daily-news/2022/04/28/demand-doubles-for-arms10 - https://magazine.realtor/daily-news/2022/04/26/where-foreclosures-could-take-years-to-process11 - https://magazine.realtor/daily-news/2022/04/27/why-75-of-americans-say-they-don-t-like-their-neighbor

Real Estate News Brief - Week Ending April 23rd, 2022Top Investor Concerns, Foreclosure Activity, 40-Year Loan OptionIn this Real Estate News Brief for the week ending April 23rd, 2022... the top concerns for investors, what's happening with foreclosures, and a new 40-year loan option for some borrowers.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 growing concerns about inflation. Fed Chief Jerome Powell says: “It's absolutely essential to restore price stability.” He feels it's appropriate to move more quickly with interest rate hikes and says that a 50-basis point rate hike is on the table for the Fed's May meeting. He says: “Our goal is to use our tools to get demand and supply back in sync, so that inflation moves down and does so without a slowdown that amounts to a recession.” But he also warns that it will be a challenging process. Consumer inflation hit an annual rate of 8.5% in March. That's well above the central bank's 2% target. (1)Fannie Mae is predicting a recession by next year, due to the need for aggressive monetary policies to control inflation. But it says it will probably be a “moderate recession” and not like the Great Recession of 2008. It expects the strength of the housing market to help cushion the blow although the mortgage financing giant also expects the housing market to slow down somewhat due to high home prices and mortgage rates. The National Association of Realtors is predicting a 10% decrease in home sales for this year. (2)Unemployment claims remain near a 40-year low. They were down 2,000 from the week before to 184,000. The low numbers are the result of a strong labor market that has more job openings than unemployed workers to fill them. Continuing claims were also down. They dropped 58,000 to 1.42 million. That's the lowest they've been since 1970. (3)Home builders are increasing the number of homes they are starting despite rising inflation, higher mortgage rates and the labor shortage. But they are shifting their focus because of those issues, from single-family homes to multi-families. The Census Bureau says that home starts were up .3% in March to an annual rate of about 1.79 million. Permits were also .4% higher to an annual rate of about 1.87 million. (4)Home builder confidence is lower however because of rising mortgage rates and all the other things making new homes so much more expensive. The National Association of Home Builders says its monthly confidence index was down two points in April to a reading of 77. Even though it is hovering near its lowest level since last September, anything over 50 is considered positive. (5)Existing home sales were lower for a second month in a row. The National Association of Realtors says they were down 2.7% in March to a seasonally-adjusted annual rate of 5.77 million. If you compare sales to March of 2021, they were down 4.5%. (6)Mortgage RatesMortgage rates are now over 5%. Freddie Mac says the average 30-year fixed-rate mortgage was up 11 points last week, to 5.11%. The 15-year was up 21 points to 4.38%. (7)In other news making headlines…Top Concern for InvestorsInvestors are more concerned about inflation than they are about rising mortgage rates and access to capital. Real estate investor financing firm Kiavi conducted a survey which shows that 65% of the participants were concerned about inflation, 63% were concerned about higher interest rates, and 58% were concerned about access to capital. But that said, Kiavi says these worries are not keeping investors from moving forward on their investment plans. (8)CEO Michael Bourque says: “We're seeing our customers continue to identify smart investments and make good decisions. With over two-thirds of U.S. homes 30 years old or more real estate investors will continue to play an important role as they revitalize aged homes and make them move-in ready for millions of families across the country.”Foreclosure Activity on the RiseForeclosure activity is rising now that most of the pandemic-related moratoriums have been lifted. There was a 39% increase in foreclosure filings during the first quarter of this year. Compared to a year ago, they are up 139%. That's according to ATTOM Data Solutions. (9)The states with the highest level of foreclosure activity are California, Florida, Texas, Illinois, and Ohio. The metros where you'll find the greatest number of foreclosure starts are Chicago, New York, Los Angeles, Houston, and Philadelphia.FHA 40-Year Covid Loan Modification Option The Federal Housing Administration introduced a 40-year loan modification option for borrowers impacted by Covid. Loan servicers can offer this option immediately to help homeowners avoid foreclosure. In 90 days, it will be a requirement to offer the 40-year modification to help people lower their payments. (10)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/id1079952715Links:1 - https://www.cnbc.com/2022/04/21/powell-says-taming-inflation-absolutely-essential-and-50-basis-point-hike-on-the-table-for-may.html2 - https://magazine.realtor/daily-news/2022/04/21/fannie-mae-predicts-moderate-recession3 - https://www.marketwatch.com/story/u-s-unemployment-claims-dip-to-184-000-and-stay-near-53-year-low-11650544616?mod=economy-politics4 - https://www.marketwatch.com/story/new-home-construction-improves-despite-high-inflation-and-rising-mortgage-rates-11650372876?mod=economic-report5 - https://www.marketwatch.com/story/home-builder-confidence-declines-in-the-face-of-rising-interest-rates-11650290417?mod=economy-politics6 - https://www.marketwatch.com/story/existing-home-sales-fall-for-second-consecutive-month-amid-rising-mortgage-rates-2022-04-20?mod=economy-politics7 - https://www.freddiemac.com/pmms8 - https://www.prnewswire.com/news-releases/kiavi-real-estate-investor-survey-reveals-inflation-pains-renovation-gains-and-need-for-technology-301525483.html 9 - https://magazine.realtor/daily-news/2022/04/21/foreclosure-activity-at-new-high-since-the-pandemic-began10 - https://www.housingwire.com/articles/fha-adds-40-year-loan-term-to-covid-19-arsenal/

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

Welcome to Reimagining Company Culture, a series discussing emerging trends and priorities shaping the future of workplace culture and employee wellbeing. We highlight thought leaders who are constantly evolving their strategy and can provide insight to folks about how to address new business challenges.  AllVoices is on a mission to create safe, happy, and healthy workplaces for all, and we're excited to learn from experts who share our mission.In this episode of Reimagining Company Culture, we're chatting with Ana Flor, EVP People & Culture at ATTOM Data Solutions. With more than 10 years of experience, Ana brings broad human resources expertise and extensive hands-on experience in compensation, performance management, training and development, benefits administration, talent management, HR analytics, and employee relations.Tune in to learn Ana's thoughts on defining a strong community in a hybrid world, building trust to encourage feedback, how employee feedback can inspire change, and more!About AllVoicesIn today's workforce, people often don't feel empowered to speak up and voice their opinions about workplace issues, including harassment, bias, and other culture issues. This prevents company leadership from making necessary changes, and prevents people from feeling fulfilled, recognized, and included at work. At AllVoices, we want to change that by providing a completely safe, anonymous way for people to report issues directly to company leaders. This allows company leadership real transparency into what's happening in their companies—and the motivation to address issues quickly. Our goal is to help create safer, more inclusive companies.

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/

Yesterday a listener asked about the real estate market, and we’ve still got housing on our minds. We’ll talk about fresh data that shows homes are less affordable across the country. Plus, the devastation of one Ukrainian city shows the brutality of Russian forces. Then, Ketanji Brown Jackson became the first Black woman to sit on the Supreme Court today. Could this moment inspire change in the corporate world? Finally, some music news that made us smile. Here’s everything we talked about today: “Buying a home hasn’t been this tough since the Great Recession hit” from Business Insider “Home Affordability Gets Tougher Across the U.S. As Prices and Mortgage Rates Surge” from Attom Data Solutions “As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In” from The Wall Street Journal “In Bucha, the scope of Russian barbarity is coming into focus” from The Washington Post “Ketanji Brown Jackson will be the first Black woman justice. Here's how she will change the Supreme Court.” from The 19th CEOs reflect on Ketanji Brown Jackson’s historic confirmation: ‘Let this be a stepping stone’ from Business Insider “Anita Hill: The Senate Judiciary Committee mistreated Judge Jackson. I should know.” from The Washington Post “McConnell won't commit to hearings for Biden SCOTUS picks if GOP retakes Senate” from Axios “Film at 11: How a Minnesota Station Found Old Footage of a Very Young Prince” from The New York Times “Film Of Prince At Age 11 Discovered In Archival Footage Of 1970 Mpls. Teachers Strike” from WCCO “How ‘Big Grrrls' Shatters Dance Norms in Lizzo's New Reality Show” from Variety Review: Lizzo's Watch Out for the Big Grrrls is Joyful Love Letter to Plus-Size Women from The Root Join us Friday for Economics on Tap. We'll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

Yesterday a listener asked about the real estate market, and we’ve still got housing on our minds. We’ll talk about fresh data that shows homes are less affordable across the country. Plus, the devastation of one Ukrainian city shows the brutality of Russian forces. Then, Ketanji Brown Jackson became the first Black woman to sit on the Supreme Court today. Could this moment inspire change in the corporate world? Finally, some music news that made us smile. Here’s everything we talked about today: “Buying a home hasn’t been this tough since the Great Recession hit” from Business Insider “Home Affordability Gets Tougher Across the U.S. As Prices and Mortgage Rates Surge” from Attom Data Solutions “As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In” from The Wall Street Journal “In Bucha, the scope of Russian barbarity is coming into focus” from The Washington Post “Ketanji Brown Jackson will be the first Black woman justice. Here's how she will change the Supreme Court.” from The 19th CEOs reflect on Ketanji Brown Jackson’s historic confirmation: ‘Let this be a stepping stone’ from Business Insider “Anita Hill: The Senate Judiciary Committee mistreated Judge Jackson. I should know.” from The Washington Post “McConnell won't commit to hearings for Biden SCOTUS picks if GOP retakes Senate” from Axios “Film at 11: How a Minnesota Station Found Old Footage of a Very Young Prince” from The New York Times “Film Of Prince At Age 11 Discovered In Archival Footage Of 1970 Mpls. Teachers Strike” from WCCO “How ‘Big Grrrls' Shatters Dance Norms in Lizzo's New Reality Show” from Variety Review: Lizzo's Watch Out for the Big Grrrls is Joyful Love Letter to Plus-Size Women from The Root Join us Friday for Economics on Tap. We'll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.

In this Real Estate News Brief for the week ending February 12th, 2022… the latest reading on inflation, home price growth, and foreclosures.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 latest inflation report shows that consumer prices notched up another .6% in January. That brings the annual rate of inflation to 7.5%, which is the highest inflation we've seen in 40 years. Much of the increase is due to the high cost of food, energy and housing costs, which include rents. According to MarketWatch, Wall Street analysts only expected a .4% gain in January. (1)If you strip out food and energy for a core rate of inflation, it's at 6%. That's still twice the rate the Federal Reserve would like to see. Shawn Huss at Warsaw Federal calls inflation an “economic killer.” He wrote in an emailed newsletter: “It is a tax that does not get collected and if people believe prices will be higher in the future, inflation could become entrenched.” Huss also has some good news. He says that: “Inflation expectations for the future remain relatively low. The 10-Year Treasury breakeven rate, or what the bond market expects inflation to run on average over the next 10 years, is a relatively low 2.42%.”Jobless claims were down for a third week in a row. The Labor Department says there were 16,000 fewer initial state claims than the week before for a total of 223,000 applications. That's the lowest number we've seen since December. But the number of people already getting unemployment benefits stayed the same at about 1.62 million. Economists expect that fewer and fewer people will be collecting jobless benefits as the omicron wave diminishes. (2)Mortgage RatesMortgage rates are now at the highest level since the pandemic began. Freddie Mac says the average 30-year fixed-rate mortgage was 14 basis points higher last week, for a rate of 3.69%. The 15-year was up 16 points to an average of 2.93%. (3) Freddie expects the trend to continue because of the strong job market and the high rate of inflation, and says that that will probably take a bite out of homebuyer demand.In other news making headlines...Home Prices Higher in Q4Homebuyers are facing higher home prices as well, although home price growth is expected to slow down with higher mortgage rates. The National Association of Realtors says the median sales price of a home was 15% higher in the fourth quarter of last year, compared to the year before. That includes both new and existing homes. That figure is down slightly from a 15.9% year-over-year increase in Q3. (4)NAR tracked mortgage rates in 183 metros and says that two-thirds of them posted double-digit appreciation. That's making it tough on homebuyers. The report says that the typical monthly mortgage payment is about $1,240 which is about $200 higher than it was a year ago.NAR'S chief economist Lawrence Yun, says that many homebuyers are getting forced out of the market because of high home prices, but he also says that: “Home prices should begin to normalize later in 2022 as more homes come on the market.”More Foreclosure ActivityForeclosure activity is currently at its highest level since the start of the pandemic. ATTOM Data Solutions says it jumped 29% higher from December to January. That activity includes default notices, scheduled auctions, and bank repossessions. Year-over-year, they are up 139%. (5)RealtyTrac's Rick Sharga expects to see more increases throughout the year, but he also says: “It's likely that foreclosure activity will remain below historically normal levels until the end of 2022.” Back in 2019, foreclosure activity was about 60% higher.Sharga wasn't surprised by the January increase because foreclosures often slow down during the holidays and then surge a bit at the beginning of the year. He says: “This year, the increases were probably a little more dramatic than usual since foreclosure restrictions placed on mortgage services by the CFPB expired at the end of December.”Metros with the highest foreclosure activity include: Detroit; Atlantic City, New Jersey; Cleveland; Columbia, South Carolina; and Trenton, New Jersey.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!To learn more about real estate investing, become a RealWealth member for free at newsforinvestors.com. You will 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/coming-up-consumer-price-index-11644498273?mod=mw_latestnews2 -https://www.marketwatch.com/story/u-s-jobless-claims-fall-for-third-straight-week-11644500332?mod=economic-report3 -http://www.freddiemac.com/pmms/4 -https://magazine.realtor/daily-news/2022/02/10/home-price-surge-continued-in-fourth-quarter5 -https://magazine.realtor/daily-news/2022/02/10/foreclosure-activity-highest-since-pandemic-began

Daren's focus is on analyzing and forecasting complex macro and micro-economic data trends within the real estate market and greater industry to help Auction.com build an increasingly efficient marketplace for distressed sellers and buyers.Prior to Auction.com Daren served as Vice President at Attom Data Solutions where he was widely recognized as an authority in the housing and mortgage industries.  Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry. The reports have been cited by thousands of media outlets nationwide, including: The Wall Street Journal, The New York Times, and USA TODAY. Blomquist also served as executive editor of the Housing News Report, named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show

Daren's focus is on analyzing and forecasting complex macro and micro-economic data trends within the real estate market and greater industry to help Auction.com build an increasingly efficient marketplace for distressed sellers and buyers.Prior to Auction.com Daren served as Vice President at Attom Data Solutions where he was widely recognized as an authority in the housing and mortgage industries.  Blomquist analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry. The reports have been cited by thousands of media outlets nationwide, including: The Wall Street Journal, The New York Times, and USA TODAY. Blomquist also served as executive editor of the Housing News Report, named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show

In this Real Estate News Brief for the week ending January 8th, 2022... we'll look at the cost of buying vs. renting, new FHFA fees for jumbo loans and second homes, and the WeWork/WeLive founder's new focus on apartments.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 Federal Reserve released the minutes of its December meeting with details about a more aggressive tapering plan and interest rate hikes. Fed officials plan to begin the tapering process after the first rate hike, which is generally expected to be in March. They are predicting the need for “three” quarter-percent rate hikes this year and another three next year. Possibly, two more after that. That would be a total of 2% if all eight rate hikes go into effect. (1)The number of people applying for state unemployment benefits rose last week, but it's still extremely low. The Labor Department says there were 207,000 initial claims. Continuing claims were also slightly higher. They rose 36,000 to 1.75 million which is still below pre-pandemic levels. (2)The U.S. unemployment rate is now “close” to pre-pandemic levels. It dropped to 3.9% in December from 4.2%. Before Covid struck the U.S., it was 3.5%. This is largely due to businesses offering incentives like signing bonuses, higher wages, and better benefits, to attract workers to a surplus of open positions. (3)The worker shortage has also given Americans more confidence in quitting jobs they don't like and finding better ones. This trend is showing up in the “quits rate” which represents the number of Americans quitting their jobs. The quits rate rose from 2.8% to 3% in November. That represents a 370,000 increase to a record 4.5 million. (4)Turning now to real estate, new numbers on construction spending show an increase. The Commerce Department says they are up .4% for November, at a seasonally adjusted annual rate of $1.63 trillion. When you break that down into sub-sectors, residential construction was up .4% while non-residential construction was flat and office construction was down 32.1%. (5)Mortgage RatesMortgage rates moved higher for the start of the new year. Freddie Mac says the average 30-year fixed-rate mortgage rose 11 basis points to 3.22%. The 15-year was up 10 points to 2.43%. Freddie Mac's chief economist, Sam Khater says these rates are the highest since May of 2020. He says: “With higher inflation, promising economic growth and a tight labor market, we expect rates will continue to rise.” (6)In other news making headlines…Fees Rise for Larger Second-Home LoansThe FHFA is raising up front fees for second-home loans, and those that exceed conforming loan limits. Those fees could add close to another 4% onto the cost of a loan for a second home, and as much as .75% to the cost of a jumbo loan, if they are bought by Fannie Mae or Freddie Mac. (7)The National Association of Home Builders has come out against the fee. It says that a second-home loan of about $300,000 with a loan-to-value of 65% will cost an additional $4,875 because of that fee. NAHB chairman, Chuck Fowke, says: “With the nation in the midst of a housing affordability crisis and many more workers electing to telework, this is exactly the wrong time for federal regulators to be raising fees on homeownership and second homes.”The new fees take effect on April 1st.Buying vs. RentingIs it cheaper to rent or to buy? According to ATTOM Data Solutions, homeownership is still the better choice in most of the country. A new study shows that it's more affordable in 58% of the counties that were tracked by researchers. (8)The study compared median-priced homes to the average rent for a three-bedroom rental property in more than 1,000 counties. Researchers also looked at wages which have been rising slower than home prices but faster than rents. But that dynamic is changing.ATTOM's chief product officer, Todd Teta says: “The trend is slowly shifting toward renters, which could be a major force in easing price increases in 2022. Prices can only go up by so much more before renting becomes financially easier.”WeWork Founder Buying Up ApartmentsThe man who wanted to transform the work world when he co-founded “WeWork, is now working on a plan to “shake up the rental housing industry.” According to the Wall Street Journal and realtor.com, Adam Neumann has purchased more than 4,000 apartments in desirable real estate markets across the country. (9)He told the Journal: “Since the spring of 2020, we have been excited about multifamily apartment living in vibrant cities where a new generation of young people increasingly are choosing to live, the kind of cities that are redefining the future of living.” Neuman left WeWork in 2019, after raising more than $10 billion for the company. He also launched a shared-living network of buildings with rentable rooms called WeLive, but that was shut down when he left the company. The cities where he's purchased apartments include: Miami, Atlanta, Nashville, and Fort Lauderdale, among others.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.cnbc.com/2022/01/05/fed-minutes-december-2021.html2 -https://www.marketwatch.com/story/u-s-unemployment-claims-rise-slightly-to-207-000-but-still-near-52-week-low-11641476186?mod=economy-politics3 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-december-11641561153?mod=bnbh_mwarticle4 -https://www.marketwatch.com/story/job-openings-tick-lower-in-november-11641309446?mod=economy-politics5 -https://www.marketwatch.com/story/construction-spending-has-solid-gain-in-november-led-by-residential-building-11641222772?mod=economic-report6 - http://www.freddiemac.com/pmms/7 -https://nahbnow.com/2022/01/fhfa-to-impose-hefty-upfront-fees-on-second-home-purchases/8 -https://magazine.realtor/daily-news/2022/01/06/homeownership-still-more-affordable-than-renting9 -https://magazine.realtor/daily-news/2022/01/06/wework-co-founder-seeks-apartment-empire

Apartment Rent and Occupancy Hit Record HighsApartment rent occupancy soared to a new record-high value as it reached 97.5%. Asking rents for new move-in leases reached 13.9%. Even during the later part of the year, renewal lease rent growth has been rising at 8%. Analysts attribute the rise in demand to appreciating prices in the for-sale market, new buyers being pushed out by all-cash investors, and more people choosing to live with roommates.MARKET INDICATORS SNAPSHOTWEEKLYMortgage Rate (30-Year Fixed): 3.11 (as of 12/02)MONTHLYExisting Home Sales: +0.8% (October 2021)New Residential Sales: +0.4% (October 2021)Median Sales Price for New Houses Sold: $407,700 (October 2021)Construction Spending: +0.2% (October 2021)New Residential Construction: -0.7% (October 2021)QUARTERLYHomeownership Rate: +65.4% (3Q21)Rental Vacancy Rate: +5.8% (3Q21)Sources: NAR, BLS, Federal Reserve BankPROPERTY MARKETProperty Down Payments Reach a New RecordThe national median down payment hit its highest level since at least 2005. The median down payment on a single-family home purchased with financing in 3Q2021 was $27,500, up 41% from $19,502 YoY according to ATTOM Data Solutions.White House Looks to Fight Real Estate Money LaunderingThe Biden administration is now examining the use of all-cash sales for commercial and residential real estate purchases worth more than $300,000 in 12 metropolitan areas, which it claims are frequently utilized for money laundering activities.MORTGAGEThousands to Lose Homes due to Bailouts about to ExpireAs millions of homeowners were granted mortgage bailouts, allowing them to miss payments for up to 18 months, analysts predict that with the looming expiration, more than 264,000 homeowners who are behind their payments and 38,000 facing active foreclosure are likely to lose their homes.HOUSING TRENDSRemote Work, Larger Homes are Driving MovesBetween March 2020 and October 2021, 37% of Americans that participated in a survey by a storage facility firm moved into larger homes while 39% stated that their relocation was prompted by the ability to work remotely.  Top Housing Markets of 2022Second-tier cities that offer greater affordability and more space than the country's largest cities are predicted to experience the greatest price hikes and home sales, according to a new forecast by Realtor.com. HOUSING VALUESRise in U.S. House Prices to Slow Down Next YearIn a Reuters poll, results indicate that house prices in the country will continue to rise at a double-digit pace until 2022, when they will level off and outpace consumer price rises and wages. Property values have exploded following on from extremely low interest rates and demand for bigger houses to allow for home office usage.EMPLOYMENTUS Job Growth StallsAccording to the Bureau of Labor Statistics, job growth in the United States has slowed as unemployment levels dropped in November. The economy created 210,000 new jobs, down from a revised 546,000 in October and below market expectations of 550,000 jobs.

In this Real Estate News Brief for the week ending November 6th, 2021… why it's a “banner year” for homeseller profits, how much an ADU will increase your home value, and which states are attracting the most newcomers.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 Federal Reserve has announced its “taper timetable.” The Fed is currently buying Treasurys and mortgage-backed securities at a rate of $120 billion a month an economic stimulus. It now plans to reduce that amount by $15 billion per month in November and December, with similar reductions expected next year. If there's no adjustment to the pace of reductions, the tapering process would be complete by mid-2022. Although the Fed believes the economy is strong enough to begin the taper, Fed chief Jerome Powell says: “We don't think it's time yet to raise interest rates.” (1)The jobless rate dipped again this last week. There were only 269,000 initial claims for state benefits and 2.1 million continuing claims. Altogether, 2.67 million people are collecting either state or federal benefits. Before the pandemic, there were just under 2 million people getting unemployment checks. (2)Construction spending was down slightly in September, compared to August. The census bureau says it was down about a half a percent, with a bigger drop for single-family homes. But compared to September of last year, it's up almost 20%. The National Association of Home Builders blames the dip on supply chain issues, higher material coasts, and the labor shortage. (3)That pullback isn't helping the inventory problem. HouseCanary says it dropped close to record lows in September. And it expects the situation to get worse as we head into the next year. Higher home prices are contributing to the problem as fewer less expensive homes are put up for sale. (4) According to the St. Louis Fed, the nation had 6.5 months of supply in August. That dropped to 5.7 months of supply in September. (6)Meanwhile, the homeownership rate hasn't changed over the last quarter. It's still at 65.4%, which is down from a high of 67.9% in the second quarter of last year. If you determine homeownership by age, it's highest for people over age 65 at about 80%. Regionally, the Midwest is the highest at about 71%. (7)Mortgage RatesMortgage rates are backing off a bit from a recent rise. Freddie Mac says the 30-year fixed-rate mortgage was down 5 basis points to 3.09%. The 15-year was down 2 points to 2.45%. (8)In other news making headlines…New High for Homeseller ProfitsHome sellers are realizing some big gains. ATTOM Data Solutions says they are getting almost 50% more than they paid for the home, or about $100,000. That's for a median-priced single-family home or condo. In the second quarter of this year, sellers typically gained about $89,000. (9)ATTOM's chief product officer, Todd Teta, says: “The third quarter of this year marked another period in a banner year for a housing market boom that's steaming ahead through its 10th year.” He says: “For now, the market engine seems to have nothing but high-octane gas in the tank.”ADUs Add Big Value to HomesADUs can also add a lot of value to your home. According to Porch.com. An accessory dwelling unit can add an average 35% onto the sale price. In some cities, such as Savannah, Georgia and Cleveland, Ohio, it can “double” the sale price. (10)They can also generate passive income as rentals, but they are not cheap to build. The Porch.com study says the average cost of an ADU is $180,000. There are about 1.4 million of them in the U.S., according to 2019 information.States Attracting the Most ResidentsA new study on resident migration shows that Florida is the top destination for people looking to move to another state. The LendingTree analysis looked at mortgage loan data for the last year-and-a-half to identify pandemic migration patterns. The researchers say: “The Sunshine State has a long history of bringing in visitors and new residents, particularly retirees, thanks to a mix of affordable housing, no state income tax, and sunny weather.” (11)The analysis also found that Texas has the highest number of people moving “within” the state. Oklahoma and Florida were close behind Texas, while New York had the highest number of people fleeing the state. 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.Link: for newsforinvestors.com - https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20LinkLinks:1 -https://www.marketwatch.com/story/fed-slows-down-bond-buying-says-factors-boosting-inflation-are-expected-to-be-transitory-11635962420?mod=mw_latestnews2 -https://www.marketwatch.com/story/u-s-jobless-claims-drop-to-pandemic-low-of-269-000-as-firms-avoid-layoffs-during-labor-shortage-11636029426?mod=economic-report3 -http://www.mortgagenewsdaily.com/11022021_construction_spending.asp4 -https://dsnews.com/daily-dose/11-04-2021/october-saw-net-new-inventory-levels-drop-once-again5 -https://fred.stlouisfed.org/series/MSACSR6 -http://www.mortgagenewsdaily.com/11032021_homeownership.asp7 -http://www.mortgagenewsdaily.com/11032021_homeownership.asp8 -http://www.freddiemac.com/pmms/9 -https://magazine.realtor/daily-news/2021/11/04/home-sale-profit-margins-hit-10-year-high10 -https://magazine.realtor/daily-news/2021/11/04/study-adus-can-add-35-to-home-s-value11 -https://magazine.realtor/daily-news/2021/11/03/states-with-the-fewest-outgoing-residents

Investors were busy in the second quarter of this year. They increased their share of purchased residential properties. But even though they bought more than consumers, they spent less. So where are these great deals? The RealtyTrac report has a few answers.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.RealtyTrac published the results of its analysis with data from its parent company, ATTOM Data Solutions. (1) It found that investor purchases accounted for 15.4% of all U.S. residential purchases in the second quarter of this year. That's up 3.9% from Q2 of last year when investors accounted for 11.5% of all home purchases. (2)If you compare Q2 to Q1 of this year, investor purchases were about the same. Although the numbers show a year-over-year increase, RealtyTrac's executive vice president, Rick Sharga, doesn't believe they represent a significant change of course. But, he says they do disprove the idea that investors are gobbling up too much of the inventory. He says: “Historically investors have always accounted for somewhere between 10% and 15% of residential home purchases, and our data shows that this is still the case today, albeit at the high end of that range. But the data doesn't support the ‘Wall Street is buying up Main Street' theme that's been a popular theory for the past year or so.”States Attracting the Most Investors ActivitySo where are investors placing their bets? New Hampshire tops the list, with Delaware, Georgia, Arizona, and Mississippi rounding out the top five. In the second tier is Florida, North Carolina, Oklahoma, Arkansas, and Nevada. Investor share ranges from 23.2% of all purchases in New Hampshire to 18.7% of purchases in Nevada.As for the ten states with the lowest share of investor purchases - Vermont tops that list, followed by Alaska, New Mexico, Montana, and Idaho. The other five states include Oregon, West Virginia, Wyoming, Washington, and Iowa. Investor share of purchases in Vermont are less than 1%, while Alaska is 1.9%. The share increases to about 11% for Iowa.Biggest Investor DiscountsSo what's this about buying more and paying less? RealtyTrac says that in the second quarter, investors paid an average of 29.4% less than your typical consumer. That's on a national basis among 38 states with full reporting data. Investors got a better deal, on average, in 33 out of 38 of those states. For investors, the median price of a home was $205,000. For consumers, it was $290.230.As for the states with the biggest investor discounts, Arkansas was number one. It had the highest investor discount at 76.9%. Michigan was next with a 60% discount to investors. Louisiana and Nebraska were both about 55%. West Virginia and Oklahoma were around 50%.Sharga is quick to point out that investors are not getting special treatment. They are just better shoppers. And, he says: “Another misconception is that investors are overpaying for properties, making it difficult for consumers to compete and artificially driving up prices. But successful investors tend to look for below-market pricing in order to make a profit…” Plus, many buy in cash, which often comes with a discount.In Q2 of this year, 79% of investor purchases were in cash compared to 69% for Q2 of last year. While that figure varies from state-to-state, the report shows that the share was more than 50% in all states, except for Alaska. There's a link to the RealtyTrac report in the show notes at newsforinvestors.com.You can also find out more about real estate investing at our website by joining RealWealth for free. 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. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.And please remember to hit the subscribe button, and leave a review! Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.realtytrac.com/newsroom/wp-content/uploads/sites/14/2021/10/Oct-21-RealtyTrac-RE-Investor-Purchase-Activity-Press-Release.pdf2 -https://www.realtytrac.com/blog/realtytrac-investor-purchase-report-fall-2021/

In this Real Estate News Brief for the week ending October 23rd, 2021... the Fed's new rate hike schedule, a new wave of foreclosures, and a rent growth surprise for some single-family 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 with comments from Fed Chief Jerome Powell. It looks like the timeline for interest rate hikes has been pushed up again. Last month, there was more of a debate as to whether it would happen in 2022 or 2023. Powell indicated that conditions for a rate hike would probably be reached next year. That includes the Fed's goal of maximum employment. The inflation requirement has already been met. That's when inflation remains above 2% for a sustained period of time. Powell also said that now is the time to begin tapering the Fed's bond-buying strategy. Policymakers will discuss a tapering plan next month. Jobless claims fell to a fresh pandemic low last week. There were only 290,000 initial claims for state benefits. Continuing claims also fell. They were down 290,000 to 2.48 million. (2) Millions of jobs are going unfilled, however, which is making it difficult for businesses to meet the demand for goods and services. That's also creating supply chain issues that are driving up prices, and inflation.Home buyers are going full steam ahead to lock in deals before mortgage rates rise any higher. The National Association of Realtors say that existing home sales were up 7% from August to September. That's a seasonally-adjusted annual rate of 6.29 million homes. (3) Part of that increase is due to more inventory, but NAR Chief Economist Lawrence Yun says that inventory was quickly gobbled up. On the other side of the housing supply issue, residential construction was down due to those supply chain issues, and a labor shortage. The government says that September home starts were down 1.6% compared to August, and that permits were down 7.7%. Multi-family permits were down the most. They fell 21% while single-family permits were down just 1%. (4) Despite all the headwinds that builders face, the National Association of Home Builders monthly confidence index shows an increase of four points to a reading of 80. Anything over 50 is positive. Although builders have to keep raising prices, they are encouraged that demand and home sales “remain strong.” (5)Mortgage RatesMortgage rates rose slightly this last week. Freddie Mac says the 30-year fixed-rate mortgage was up four points, to 3.09%. The 15-year was up three points, to 2.33%. (6)In other news making headlines…Foreclosures on the RiseForeclosure filings jumped higher in September, after pandemic-related moratoriums were lifted. ATTOM Data Solutions released its Q3 foreclosure report which shows that foreclosure filings were up 24% compared to August, and 102% from a year ago. (7)Economists have been predicting a spike in foreclosures, but RealtyTrac's Rick Sharga says: “Despite the increased level of foreclosure activity in September, we're still far below historically normal numbers.” He says they are almost 70% lower than they were before the pandemic. And light years away from the number of foreclosures in mid-2009.Foreclosure filings were approaching 600,000 per quarter back then. Currently, there are 45,500 filings for the third quarter of this year.Single-Family Rent GrowthSingle-family rent growth quadrupled in August. CoreLogic says the year-over-year rate of growth was 9.3%, and represents the fastest annual rent growth in 16 years. (8)The single-family category includes both detached and attached units, such as duplexes, triplexes, quadplexes, townhomes, row homes, co-ops, and condos. Rent growth spiked the most for detached homes. Annualized rent growth for attached units was 6.4% while the rent for detached homes rose 11.7%.The city with the highest rent growth was Miami. Rents in Miami were up 21.5%. That pushed Phoenix into second place for the first time in almost three years. Rounding out the top five are Las Vegas, Austin, and Dallas. New Forecast for Top Markets in 2022New forecasts are coming out about next year's hot real estate markets. PwC just released its 2022 Emerging Trends in Real Estate report. The report includes a top-10 list of highly ranked real estate markets for 2022. Several of them are also on our list of recommendations for single-family rentals. Those markets include Tampa/St. Petersburg, Charlotte, Dallas/Fort Worth and Atlanta.PwC is also recommending those cities, and others, for the construction of new homes. If you have been following RealWealth, you know that we have expanded our focus on existing single-family rentals to also include the construction of new rental homes. Our recommended markets include Charlotte, North Carolina; Cincinnati and Dayton, Ohio; Dallas, Texas; Park City, Utah, and several Florida markets.You can find out more by joining 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.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/feds-powell-says-elevated-inflation-could-last-well-into-next-year-11634917919?mod=economy-politics2 -https://www.marketwatch.com/story/jobless-claims-fall-to-pandemic-low-of-290-000-as-businesses-try-to-avoid-layoffs-due-to-labor-shortage-11634819765?mod=u.s.-economic-calendar3 -https://www.marketwatch.com/story/existing-home-sales-rise-as-some-buyers-are-motived-by-fomo-11634826649?mod=economic-report4 -https://www.marketwatch.com/story/construction-on-new-homes-slows-as-supply-chain-woes-hit-the-housing-market-11634647997?mod=economic-report5 -https://www.marketwatch.com/story/home-builders-grow-more-confident-in-spite-of-continued-supply-chain-headaches-11634565934?mod=economic-report6 -http://www.freddiemac.com/pmms/7 -https://www.attomdata.com/news/market-trends/foreclosures/attom-september-and-q3-2021-u-s-foreclosure-market-report/8 -https://www.corelogic.com/intelligence/single-family-rent-growth-approaches-double-digits/9 -https://fortune.com/2021/10/18/hot-real-estate-markets-2022-outlook-real-estate-buying-a-house/

Real estate investors have experienced some big swings in the market over the past decade. We've gone from dirt cheap foreclosures after the housing meltdown, to more difficult investing opportunities today. According to a new survey, that's discouraging many small scale real estate investors, but difficult doesn't mean impossible. It means you need to be flexible, adaptable, and smart about your choices.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.Real-estate data company RealtyTrac conducted an investor sentiment survey among 300 real estate investors from across the country. (1) It shows that 48% of them feel that the investing environment is worse or even “much” worse than it was just one year ago. And it wasn't that much better a year ago. The same survey shows that 45% felt that way in 2020 during the first year of the pandemic.RealtyTrac defines small scale mom-and-pop investors as those who buy one to 10 properties a year. That includes people who flip homes and those why buy and hold them as rentals. RealtyTrack says 90% of the 19 million single-family rental properties in the U.S. are owned by smaller investors. It also says there are thousands of people flipping homes at a rate of about one a month, although they are facing more competition from iBuyers like Opendoor, Offerpad, and Zillow. Investor Sentiment SurveyThis is the second year in a row for the RealtyTrac Investor Sentiment Survey. RealtyTrac says that last year's survey was evenly split between flippers and buy-and-hold investors. This year, there were more buy-and-hold rental property investors. Researchers say that could be the result of market conditions which are reducing home-flipping returns.Previous research by RealtyTrac's parent company ATTOM Data Solutions shows that the typical gross-flipping profit was $67,000 in the second quarter of this year. That's a 33.5% return on investment compared to a 40.6% ROI for Q2 in 2020. It's also the lowest ROI for flippers since 2011. (2)RealtyTrac's survey found that real estate investors are most concerned about high home prices. That concern replaced lack of inventory as the biggest worry in last year's survey. Lack of inventory is now second on the list of concerns. Investors are also worried about the cost of materials and labor along with competition from regular homebuyers.RealtyTrac's Rick Sharga says: “Investors are more optimistic about the future than they are about current market conditions. But they do worry about inflation -- about 81% of the investors surveyed were concerned about inflation causing material and labor costs to rise, making affordability an issue for prospective homebuyers and renters, and increasing the costs of financing.”The survey also asked investors about their foreclosure expectations once government protections expire. About 30% of them expect foreclosures to return to a historical level of about 1% while 33% expect them to increase, but remain below the levels we saw during the Great Recession. Real Estate Investors Need to Shift FocusThe survey title suggests that “Real Estate Investors Have Soured on the Current Market.” I think a better title might be: “Real Estate Investors Need to Shift their Focus.” At least that's what we are doing at RealWealth.The market is changing, again. It's something that the market will always do, so investors need to be flexible and adapt to new conditions. The last ten or so years have been easy for real estate investors. We had a housing crash and dirt cheap prices. But those prices have been rising for a decade. So what now?Yes, it's harder to get inventory. One of our property providers says that foreclosure auctions have completely stopped so she's trying to build new homes for buy-and-hold rental investors, although that has its own challenges.We are in a new market cycle, so investors need to be more creative. In California, new laws have neutralized the idea of single-family zoning. You can now subdivide a single-family property into a duplex, or even a four-plex if the lot is big enough. Investors could live in one, and rent the rest. Short-term rentals could also work, if local laws allow them.California also allows in-law units or ADUs on single-family properties which is another way for property owners to create rentals. Creative Investing for Today's MarketMore creative investors might want to look at ways to help aging baby boomers who need assisted living, or younger professional who need a place to decompress. One of my friends is now turning high-end homes into rehab centers for individuals who need a get-away place to recuperate. Empty hotels could provide an interesting opportunity for apartment conversions. What should you look for? As you know, homes are selling quickly, but that's not 100%. You can look for higher-priced homes that have been sitting on the market for too long and negotiate the price tag. At RealWealth, our teams are helping builders buy land for the development of single-family rentals. By contributing to these projects at the beginning, we are also able to help builders understand the difference between a rental home and a primary residence in terms of design and materials. You can also learn more about single-family rentals by joining RealWealth for free. 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. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.You'll also find links to information about RealtyTrac's survey in the show notes. And please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke.Links:1 - https://www.businesswire.com/news/home/20210929005109/en/Real-Estate-Investors-Have-Soured-on-the-Current-Market-According-to-the-Fall-2021-RealtyTrac%C2%AE-Investor-Sentiment-Survey%E2%84%A22 - https://www.attomdata.com/news/market-trends/flipping/attom-q2-2021-u-s-home-flipping-report/

In this Real Estate News Brief for the week ending September 11th, 2021... a record high for home equity, a drop in Zombie foreclosures, and the house flippers' hunt for 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 News We begin with economic news from this past week. It was a short week because of Labor Day, with not much economic news after that. The weekly unemployment report shows that initial state claims fell to a new pandemic low of 310,000. The average number of claims before the pandemic was just 90,000 less, at 220,000 per week. (1) Continuing claims were also down to almost 12 million for state benefits and 7 other state and federal programs. That number had risen above 30 million during the pandemic.Last week was also the last full week for many of those benefits. Bank of the West chief economist estimates that 7.5 million people will drop off the unemployment list, and another 3 million will see their benefits cut by $300 a week.Economists are watching to see if the loss of benefits sends more people back to work, and helps ease the worker shortage that many companies are experiencing. They are also expecting a possible rise in claims because of Hurricane Ida. And there are plenty of jobs available. The Labor Department reported an all-time high of 10.9 million job openings in July. It's the fifth month in a row that job openings broke that record. (2)Mortgage RatesMortgage rates are still idling below 3%. The average 30-year fixed-rate mortgage was up just 1 basis point last week, to 2.88%. The 15-year was also up 1 basis point, to 2.19%. Freddie Mac chief economist, Sam Khater, blames it on the current wave of new COVID cases. He says it led to “weaker employment, lower spending and declining consumer confidence.” But he says that lower rates are also giving consumers “more time to find the homes they are looking to purchase.” (3)In other news making headlines...New Home Equity RecordHomeowners are reaping the benefits of higher home values. Black Knight says that housing equity has hit a new record high after surging 40% compared to a year ago. It analyzes equity among mortgage holders, and says the average mortgage holder now has $173,000 in equity. That's up about $20,000 from the first quarter of this year. (4)Black Knight Data Analyst, Ben Graboske, says recent growth is the strongest growth he's ever seen. He also says 98% of the homeowners who are in forbearance have at least 10% equity in their homes. That should help them avoid foreclosure, as foreclosure moratoriums are lifted.Zombie Foreclosures Nearly Non-ExistentHigher levels of home equity, along with the moratoriums, have led to a big drop in zombie foreclosures. That's when a foreclosure process stalls after a homeowner defaults on mortgage payments and abandons the home. The house ends up sitting vacant, in foreclosure limbo. (5)A report from ATTOM Data Solutions on third-quarter vacant properties and zombie foreclosures shows that 1.3 million homes are vacant in the U.S. That's about 1 in every 74 homes. The number of homes that have fallen into zombie status is just 1 in every 13,000 homes for a total of about 7,500 homes.ATTOM'S chief product officer, Todd Teta, says: “Vacant properties in foreclosure, and the resulting potential for neighborhood decay, continue to be a non-issue overall in most of the country.” He says: “But that could easily change over the coming months as lenders are now free to take back properties from delinquent homeowners.” He says the foreclosure issue will depend on individual banks, and how aggressively they pursue foreclosures once the moratoriums are gone.Fixer-Upper Homes Are ScarceWill we see more inventory in the near future as the housing market adjusts to a post-pandemic economy? Right now, it's tough on house flippers and businesses that rely on renovating older homes and foreclosures. There's inventory out there but the competition is tough.According to an ATTOM report, just 2.7% of homes sales were flips during the first quarter of this year. (6) That's the lowest percentage of flips in about 20 years. House renovator, Ed Stock, told the Wall Street Journal that he expects to do just 15 flips this year. In 2014, at the height of the foreclosure crisis, he did 53 flips. He says: “Investors like me, we're like ants on a sugar hill all fighting for the same projects.”It is possible to find inventory however. And it's a whole lot easier when you are part of an investing network, like RealWealth. As a member of our network, 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. It's free to join at newsforinvestors.com, and free to make use of our resources. 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-jobless-claims-fall-sharply-to-post-pandemic-low-of-310-000-11631191386?mod=the-conversation2 -https://www.marketwatch.com/story/job-openings-hit-another-record-high-in-july-11631110730?mod=economic-report3 -http://www.freddiemac.com/pmms/4 -https://www.blackknightinc.com/black-knights-july-2021-mortgage-monitor/5 -https://www.attomdata.com/news/market-trends/foreclosures/attom-q3-2021-vacant-property-and-zombie-foreclosure-report/6 -https://magazine.realtor/daily-news/2021/09/08/flippers-struggle-to-find-enough-fixer-upper-houses

As a homeowner, you're no doubt aware that the cost of owning property extends well beyond your monthly mortgage payment. You'll have to cover your homeowners insurance, maintenance, repairs, and, of course, property taxes.Your property taxes are calculated by taking your local tax rate and multiplying it by your home's assessed value. The average property tax bill in the U.S. was $3,498 in 2018, according to property database ATTOM Data Solutions, but in some parts of the country, you'll pay a lot more.While property taxes may have once served as a lucrative tax break, these days there's less value in that regard. Thanks to the Tax Cuts and Jobs Act implemented in late 2017, the SALT (state and local tax) deduction, which includes property taxes, is limited to $10,000. If you live in, say, New Jersey, where it's not uncommon to have a $12,000 property tax bill for an average-sized home, you lose out on some tax benefit automatically.But regardless of whether you get the maximum benefit out of your property taxes or not, you're still required to pay them. And if you fail to do so, you could face serious repercussions.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://buymeacoff.ee/seattlepodcast)

In this Real Estate News Brief for the week ending May 22nd, 2021... the government’s rental assistance program is helping landlords, rent growth speeds up, and the housing boom is adding value to opportunity zones.Economic NewsWe begin with economic news from this past week, and a Treasury Department announcement that it has distributed $6 billion in rental assistance in the last two weeks. And more money is on the way. (1) A total of $21.6 billion was allocated to the program as part of a stimulus package approved in March. Another $25 billion had been approved in December. The funding is important to help pay off tenant debt to landlords as eviction moratoriums expire.More Americans are heading back to work. The latest unemployment report shows that initial jobless claims were down 34,000 last week, to 444,000. (2) That’s the lowest number we’ve seen in more than a year. More than 16 million people are still getting unemployment checks, but that number is also decreasing.Several states say they plan to stop offering the additional $300 a week in federal benefits, to encourage people to get back to work. That program is supposed to end on September 6th. CNBC reports that a few states are also offering a one-time bonus for people who start working again. Those states include Arizona, Montana, New Hampshire and Oklahoma with bonuses ranging from 500 to $2,000. (3)The latest round of housing data shows another drop for existing home sales. The National Association of Realtors says they fell 2.7% in April to a seasonally adjusted annual rate of 5.85 million homes. (4) It’s the third month in a row that sales fell as the inventory crunch continues. NAR’s chief economist, Lawrence Yun, expects to see more inventory “as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes.”Residential construction was also down in April. The U.S. Census Bureau reports a 13% decline in month-to-month single-family home starts. Permits were also down by 4%. (5) Economists had expected better numbers. Senior economist, Andrew Grantham, at CIBC Capital Markets told MarketWatch that the decline is probably the result of material shortages such as lumber, and possibly labor as well.That decline didn’t hurt builder confidence. The National Association of Homebuilders reports that the monthly index held steady in May. (6) Although builders face challenges, the NAHB says that builders remain confident about the strength of the housing market.Mortgage RatesMortgage rates returned to that 3% level this last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 6 basis points to exactly 3%. The 15-year was up 3 basis points to 2.29%. (7)In other news making headlines...Rent Growth Speeds UpRent growth sped up in March to its fastest pace since the beginning of the pandemic. Realtor.com says the median rent in the 50 biggest metros was up 2.7% year-over-year. Before COVID-19, the annual rate was 3.2%. (8)Realtor.com says that two-bedroom units are seeing the most growth. They were up 5.2% annually. The website’s chief economist, Danielle Hale says: “If the trend continues, renters could expect to be paying pre-pandemic rates by as early as this fall.”Tech hubs still have a ways to go because rents were high, and they fell the most as employees worked remotely from less expensive areas. But tech companies are announcing return-to-office plans, so rents in the tech hubs are starting to turn around.Median Home Price Hits New HighRedfin is reporting a new high for the median home price. According to its researchers, the national median home price hit $370,528 in April. That’s a 22% increase from a year earlier. (9)That percentage may be somewhat skewed because people weren’t buying many homes in April of last year, but Redfin’s chief economist, Daryl Fairweather says that the tight inventory will keep those prices climbing. She says it’s going to take years for builders to catch up and the housing boom is far from over. In April, for-sale homes only spent an average of 19 days on the market. Redfin says that 49% of them sold for more than the asking price. Both are new records.California Home PricesThe national home price numbers pale in comparison to California. NAR says the median there has flown past $800,000 for the very first time. (10) The new median home price for California is $813,980.That’s up 7.2% from March and it’s up 34% from the previous year. Again, that year-over-year percentage is probably skewed because of the pandemic lockdown. Prices Rise in Opportunity ZonesThe housing boom is also adding value to opportunity zones. Those are federally designated areas that need the help of investors. In exchange for long-term opportunity zone investment, they will get tax breaks. The program was approved as part of the Tax Cuts and Jobs Act of 2017.According to ATTOM Data Solutions, two-thirds of those areas have seen home price growth of at least 10% in the first quarter of this year. (11) Prices are still much lower than the rest of the nation. Researchers say that about 43% of the zones have median home prices that are less than $150,000. But the percentage is going down. A year ago it was 50%.You’ll find links to the stories and reports I’ve referenced in this podcast at www.NewsForInvestors.comLinks:1 - https://home.treasury.gov/news/press-releases/jy01932 - https://www.marketwatch.com/story/u-s-unemployment-claims-continue-to-set-pandemic-lows-11621514795?mod=economy-politics3 - https://www.cnbc.com/2021/05/21/states-ending-unemployment-offering-a-return-to-work-bonus-up-to-2000.html4 - https://www.marketwatch.com/story/existing-home-sales-fall-for-third-straight-month-as-inventory-constrain-hamper-the-housing-market-116216069285 - https://www.marketwatch.com/story/construction-on-new-homes-retreats-as-builders-grapple-with-supply-chain-headaches-11621342845?mod=economic-report6 - https://www.marketwatch.com/story/home-builder-confidence-remains-strong-but-buyers-should-expect-rising-prices-11621260739?mod=economic-report7 - http://www.freddiemac.com/pmms/#8 - https://magazine.realtor/daily-news/2021/05/20/rents-post-largest-uptick-since-covid-19-onset9 - https://www.housingwire.com/articles/home-prices-rapidly-climbing-toward-375000/10 - https://www.wealthmanagement.com/sfr/california-home-prices-shoot-past-800000-first-time11 - https://magazine.realtor/daily-news/2021/05/20/prices-surge-in-opportunity-zones12 - https://magazine.realtor/daily-news/2021/05/20/buyers-go-to-crazy-extremes-to-win-a-home

In this Real Estate News Brief for the week ending May 8th, 2021… what’s happening with the CDC eviction moratorium, why you should sell your home in May, and which rental markets are the most competitive.Economic NewsWe begin with economic news from this past week, and a new court ruling “against” the CDC’s eviction moratorium. A U.S. District Court Judge in Washington, D.C. ruled that the Centers for Disease Control and Prevention did not have the authority to issue the moratorium. It struck down the ban but the Department of Justice immediately filed an appeal which will be heard within another two weeks. In the meantime, the court issued a temporary stay on the District Court’s decision. Realtor associations in Georgia and Alabama filed the lawsuit along with two housing providers and their property management companies. The National Association of Realtors also supported the lawsuit. NAR believes the best solution is to provide rental assistance to the tenants who are impacted by COVID. That will help both the tenants, and their housing providers.New unemployment applications dropped below 500,000 for the first time since the start of the pandemic. Weekly state claims were just under that amount, at 498,000. Another 100,000 claims were filed for temporary federal benefits, but the total number of claims are still two-and-a-half times higher than they were before the outbreak began.Economists were disappointed with the April jobs report. It shows that the U.S. only gained 266,000 jobs which is far below the one million jobs that economists had expected. That contributed to an increase in the official unemployment rate. It was down to 6%, but is now up to 6.1%, according to the U.S. Labor Department. Businesses dealing with leisure and hospitality did most of the hiring in April.Construction spending was slightly higher in March. The Commerce Department says it rose .2%. That’s also a disappointment. Wall Street Journal economists had expected an increase of 1.8%. Spending for residential construction was right about at that level, however -- at 1.7%. Other kinds of non-residential spending were down.Mortgage RatesMortgage rates are still under 3%. They’ve been there for three weeks now. Freddie Mac says the 30-year fixed-rate mortgage was down 2 basis points this last week to 2.96%. The 15-year was down 1 basis point to 2.3%. That’s great for homebuyers who manage to score a home in this tight market.In other news making headlines...Record for Newly Built HomesNewly-built single-family homes are gaining market share. Redfin says they now account for one in four single-family homes on the market. They had a 20.4% share last year which rose to a 25.7% share in the first quarter of this year.Redfin’s lead economist Taylor Marr says there are two main reasons for the increase. He says: “Building homes has become more attractive and profitable during the pandemic due to record-low mortgage rates” along with “red-hot homebuyer demand.”Higher Home Seller ProfitsHome sellers are also enjoying red-hot profits. According to ATTOM Data Solutions, sellers received more than $70,000 in profit on average. That’s 26% higher than the average $55,000 in profit last year. But that’s actually a slight pull-back from December of last year. The average profit in the fourth quarter was $75,750. ATTOM’s chief product officer, Todd Teta, says it’s not unusual to see a pull-back during the winter months, but he says: “It’s definitely something to keep an eye on.” Best Time to Sell Your HomeAnd May could be a good time for sellers to maximize their profits. ATTOM says the “five” best days to sell a home are just ahead of us -- in May. According to a new analysis, those five days are May 16th, 19th, 20th, 23rd, and 27th. The premium ranges from about 16% to 19%. But ATTOM says those are only the five best days.It says the entire months of May and June are good for selling homes at above-market prices. The average seller premium for May is 13.4% and for June, it’s 11.7%.Most Competitive Rental MarketsRent Cafe has some surprising results in a new report on rental markets. It looked at data for 125 of the largest rental markets in the country to determine which were the most competitive. It found that the hottest markets were all mid-sized metros and that cities in California’s Central Valley were at the top of the list. That includes Stockton, Modesto, Fresno, and Bakersfield.The ranking used metrics for occupancy, vacancy, number of applicants, and rental pricing trends. Places like Sacramento and the Inland Empire in Southern California are also hot rental markets as the work-from-home trend continues and people migrate away from more expensive areas, but stay within range of those bigger metros. Spokane, Washington, and Boise, Idaho were also at the top of the list.If you’d like to read more about the most competitive rental markets and the other topics mentioned in this podcast, you’ll find links at NewsForInvestors.com.Links:https://magazine.realtor/daily-news/2021/05/05/judge-vacates-cdc-s-eviction-ban-but-appeal-delays-actionhttps://www.marketwatch.com/story/u-s-unemployment-claims-drop-below-500-000-for-first-time-since-pandemic-as-hiring-surges-11620305321?mod=economic-reporthttps://www.marketwatch.com/story/u-s-gains-disappointing-266-000-jobs-in-april-but-all-signs-still-point-to-faster-hiring-in-months-ahead-11620391689?mod=economic-reporthttps://www.marketwatch.com/story/u-s-construction-spending-inches-up-in-march-11620051071?mod=economic-reporthttp://www.freddiemac.com/pmms/https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/real-estate-news-redfin-2021-housing-data-new-home-construction-report-for-2021-lumber-prices-in-april-2021-covid-19-impact-on-home-sales-in-2021-12507.phphttps://magazine.realtor/daily-news/2021/05/05/where-home-seller-profits-are-highesthttps://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-2021-best-days-to-sell-a-home-analysis/https://www.rentcafe.com/blog/rental-market/market-snapshots/rentcafe-market-competitivity-report-april-2021/

The prediction that millions of homeowners would face foreclosure due to job losses from COVID 19 shutdowns does not seem to be materializing. There are some who say that delinquent borrowers have a way to avoid that fate this time around. Unlike the Great Recession, they have a lot more equity in their homes which they won’t want to lose.When the housing market crashed in 2008, it was the result of easy lending. Home loans were easy to get, often with no down payment or verification of income. In some cases, buyers would get money back for buying a home, or qualify with a teaser rate, not the real rate. That, of course, drove prices up and created a housing bubble. The bubble burst when those loans eventually came due and people couldn't afford the payment. Seems like an obvious problem, doesn't it?As more and more loans reset, more people went into foreclosure, flooding the market with distressed inventory far below market value. Anyone who wanted to sell their home at market value had to compete against bank owned properties that were much cheaper. Thus, the air came out of the bubble. As home values dropped nationwide, even those who could afford to own their home couldn't sell it for what it was worth if they needed to. They owed more than what the property was worth, which they called being "underwater" or upside down on their mortgage. With no home equity in the deal, it made sense to walk away, which many people did. They had nothing to lose except their good credit, and some didn't even have that.That is unlikely to happen this time around, at least to that extent, for one simple reason: Homeowners have much greater equity in their homes. And many of those homeowners also have great credit. According to Realtor.com, only 3% of homeowners are underwater, owing more than the home is worth. During the Great Recession, about 30% of homes were underwater or close to it.So even if homeowners have not recovered financially from the pandemic, they have a way to get out of mortgage debt that’s a lot easier than foreclosure -- by selling their homes to pay off their loans. Many will also see a hefty profit.And it won’t be difficult to sell those homes because of the inventory crunch. Vice President of the Mortgage Bankers Association, Marina Walsh, told Realtor.com: “There’s just not enough housing out there for the demand, which is a big, big change from the Great Recession.”That doesn’t mean that at-risk homeowners don’t face a tough road ahead, especially those in less desirable markets. Realtor.com mentions places in the Rust Belt or hurricane-prone communities in Louisiana, for example.Currently, the federal foreclosure moratorium for government-backed loans is June 30th. Even without forbearance, many homeowners have protection until then. For those in forbearance programs, they are protected for as long as 18 months.According to Black Knight, 4.4% of borrowers were in forbearance as of April 13th. That number has been decreasing steadily because the economy has been improving and people are getting jobs. But that’s still a high number of people in forbearance, putting all those homeowners at risk.In addition to that, 5% of borrowers are either seriously delinquent or have already entered the foreclosure process. That means they haven’t paid their mortgage for at least three months. And that number is higher than it was during the last foreclosure crisis, according to a report from the Urban institute.Urban Institute researcher, Jung Hyun Choi, says that even with those high numbers, she doesn’t think we’ll see another foreclosure crisis because of high home values. She says: “They have the option to sell the properties and move to a more affordable unit. Or in the worst-case scenario, they’ll have to switch to rental housing.”What she’s saying is that we probably won’t see a foreclosure crisis, but if all those homeowners sell their homes and can’t buy smaller, less expensive ones, they will become renters.ATTOM Data Solutions has done some research on the metros with the highest number of homeowners who are, in fact, underwater. ATTOM defines “seriously underwater” as owing at least 25% more than the home is worth. Those metros include Baton Rouge, Louisiana; Syracuse, New York; Scranton, Pennsylvania; New Orleans; Virginia Beach; and several cities in Ohio, including Cleveland. The percentage of underwater loans in those cities range from about 9% to more than 14%.In cities with strong job markets and highly-paid workers, like San Jose, Salt Lake City, San Francisco, and Seattle, the share of underwater loans is less than 2%.It's also important to remember that banks learned their lesson in 2009, that flooding the market with REO's, or bank owned properties, is not good for the bank's books. It's more likely that banks will try to work out a loan modification, since in many cases, it wasn't the borrowers fault that jobs were lost in the first place. It's more likely banks will just add those missed payments to the back of the loan, rather than flood the market with distressed inventory. Those who do end up having to sell their homes will likely become renters, which could exacerbate an already tight rental market and drive rents even higher. You’ll find links to the Realtor.com story on the podcast player page for this podcast at www.NewsForInvestors.com.Links:1 - https://www.realtor.com/news/trends/high-home-prices-could-help-prevent-a-new-foreclosure-crisis-when-forbearance-ends/

In this Real Estate News Brief for the week ending April 10th, 2021... an economic forecast from the International Monetary Fund, home price growth around the world, and a survey on having pets at work.Economic NewsWe begin with economic news from this past week, and an upbeat forecast from the International Monetary Fund. The IMF raised its 2021 U.S. economic outlook from 5.1% to 6.4%. It expects to see a slowdown next year to 4.4% which is stronger than the Federal Reserve’s 3.3% prediction. The IMF also expects that pandemic-related losses for other major economies will be smaller than what we saw after the financial crisis. It is expecting global growth to be just slightly less than the U.S. this year, and about the same next year.The IMF also expressed support for the Fed’s “go slow” policy on interest rate hikes and tapering. The IMF’s chief economist, Gita Gopinath, says: “They have pledged to, kind of, given sufficient advance warning if they are going to reverse course… so we expect that would happen.”Weekly unemployment claims jumped higher for a second week in a row. Economists had expected them to decline but the Labor Department reported 728,000 new state claims. That’s 16,000 more than the previous week. Before the pandemic, the weekly average was around 220,000. If you combine all the new and continuing benefits from both state and federal programs, the total is 18.2 million. Before the pandemic, there were less than 2 million people collecting benefits.On a positive note, job growth is surging. The government says there were 7.37 million jobs available in February. That’s up from 7.1 million in January. It says that 5.74 million people were also hired in February, and the U.S. gained another 916,000 new jobs in March. Those are all good numbers.Mortgage RatesThere’s also good news on mortgage rates. Freddie Mac says the average 30-year fixed-rate mortgage dropped 5 basis points, to 3.13%. That’s after seven weeks of higher rates. Freddie Mac says that mortgage rates are lower because of a “modest decline” in U.S. Treasury yields.In other news making headlines...Worldwide Home PricesHome prices are going up around the world. International property consultant Knight Frank says that average urban home prices went up 5.6% last year. That’s up from 3.2% in 2019. Emerging markets are seeing some of the strongest price gains, including Turkey which has a few cities at the top of the list. In Ankara, the year-over-year increase is 30.2%. Ismir and Istanbul are close to that. Turkish inflation is pushing those prices higher, but other countries are seeing double-digit year-over-year increases. Cities in Russia, New Zealand, Canada, and South Korea are all near the top of the list. U.S. cities with double-digit price growth include Phoenix at 14.4%, Seattle at 13.6%, San Diego at 13%, Boston at 11.4%, Washington, D.C. at 10.3% and Minneapolis at 10.2%.Higher Property Taxes for HomeownersAs home prices soar, so do home values and property taxes. ATTOM Data Solutions says that U.S. property taxes rose 5.4% in 2020. The average for single-family homes in 2020 was $3,719. That translates into an effective tax rate of 1.1% but researchers say many states have much higher tax rates. The highest is New Jersey with 2.2%. Illinois is second at 2.18%. And, Texas is third at 2.15%. At the low end is Hawaii with a tax rate of .37%. CA Landlord Accepts Bitcoin for RentThe Los Angeles-based real estate company Caruso announced that it will accept rent payments in bitcoin from residential and commercial tenants. Developer Rick Caruso founded the company which is known for high-end outdoor malls like The Grove in Los Angeles and a resort near Santa Barbara.Caruso said during a CNBC interview that he hopes to create a whole ecosystem where tenants and guests can use cryptocurrency to check into a resort, pay rent, and buy things while visiting Caruso properties. He says it’s a long-term strategy that anticipates what the world might be like in the next decade, and not just the next year or five years.Pet-Friendly WorkplaceThe pet-friendly workplace could become more common as companies try to lure employees back to the office. A new survey shows that a lot of bosses realize how important pets have been during the pandemic and that many may allow pets at work.In a survey by Banfield Pet Hospital and OnePoll, half of the executives said they are planning to allow pets at the office and 59% said they would adopt policies that give employees flexibility to take care of their pets. One reason for this benevolent attitude is that 75% of the executives said that being a pet owner has made them better, more compassionate business leaders. There have also been a lot of employee requests for a more pet-friendly workplace.If you want more information about any of these stories including home price growth in specific cities around the world and property tax rates for different U.S. states, you'll find links on the podcast player page for this episode at NewsForInvestors.com.Links:1 - https://www.marketwatch.com/story/imf-lifts-outlook-for-global-and-u-s-growth-11617712232?mod=mw_latestnews2 - https://www.marketwatch.com/story/imf-backs-go-slow-fed-11617719428?mod=economy-politics3 - https://www.marketwatch.com/story/jobless-claims-move-higher-for-second-straight-week-11617886018?mod=economic-report4 - https://www.marketwatch.com/story/u-s-job-openings-climb-to-7-37-million-and-top-pre-pandemic-levels-as-economy-speeds-up-and-more-people-hired-11617718171?mod=economy-politics5 - http://www.freddiemac.com/pmms/#6 - https://www.worldpropertyjournal.com/real-estate-news/united-kingdom/london-real-estate-news/real-estate-news-knight-frank-2020-global-cities-index-2020-international-home-buyer-data-covid-19-impact-on-foreign-home-buyers-12450.php7 - https://magazine.realtor/daily-news/2021/04/08/property-taxes-jumped-54-in-20208 - https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html9 - https://www.inc.com/jessica-stillman/a-lot-more-post-pandemic-offices-are-going-to-be-pet-friendly-new-survey-says.html

Si pasar más tiempo en casa durante el año pasado le está haciendo pensar mucho en comprar una casa en lugar de alquilar no está solo. Sin embargo, usted puede estar preguntándose si los dólares y centavos suman a su favor ya que los precios de las viviendas siguen aumentando. Según los expertos, en muchos casos, todavía es mas asequible comprar una casa que alquilar. Aquí está el porqué. ATTOM Data Solutions publicó recientemente el informe de la asequibilidad del alquiler de 2021 (2021 Rental Affordability Report), que establece que: “Poseer una casa de tres dormitorios de precio medio es mas asequible que alquilar una propiedad de tres habitaciones en 572, o el 63 por ciento de los 915 condados estadounidenses analizados para el informe. Eso ha ocurrido a pesar de que la mediana de los precios de las viviendas ha aumentado más que el promedio de las rentas en el último año en el 83 por ciento de esos condados y han aumentado más que los salarios en casi dos tercios de la nación”. ¿Cómo es posible? La respuesta: las tasas hipotecarias históricamente bajas. Todd Teta, Director Principal de Producto en ATTOM Data Solutions, explica: “Los precios de las casas están aumentando mas rápido que los alquileres y los salarios en la mayoría del país. Sin embargo, la propiedad de la vivienda es aún mas asequible, ya que las tasas hipotecarias increíblemente bajas, que cayeron por debajo del 3 por ciento, están ayudando a mantener el costo del aumento de los precios de las viviendas bajo control”. En 2020, las tasas hipotecarias alcanzaron mínimos históricos 16 veces, y hasta ahora, continúan en territorio bajo este año. Estas tasas bajas son un factor importante para impulsar la asequibilidad. Él también señala: “Es sorprendente ver ese tipo de tendencias. Pero muestra cómo tanto el costo de alquiler ha sido relativamente alto en comparación con el costo de la propiedad y cómo la disminución de las tasas de interés está teniendo un impacto notable en el mercado de la vivienda y la propiedad de la vivienda. El año nuevo es totalmente incierto, en medio de tantas preguntas relacionadas con la pandemia del coronavirus y la economía en general. Pero en este momento, poseer una casa todavía parece ser una opción financieramente racional para aquellos que pueden hacerlo”. En conclusión, Si usted está considerando comprar una casa este año, camos a comunicarnos hoy para discutir las opciones que coinciden con su presupuesto, mientras que la asequibilidad está a su favor. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/alfredorosalesrealtor/support

Todd Teta is the Chief Product and Technology Officer at ATTOM Data Solutions. A functional leader of the company's product and technology organizations, driving organic revenue growth and efficiency through product strategy, product development, and technology.Todd has worked in start-up, high-growth, and extensive company environments driving product and technology planning efforts for the past 20 years.For more information, feel free to get in touch directly with Kevin Castle here at https://humanitypodcast.com/.

Interview with Ana Flor – Ana serves as ATTOM Data Solutions' VP of People & Culture, where she's responsible for providing guidance and leadership to senior managers. Since joining the team on August of 2017, Ana has worked on aligning Human Resources initiatives with strategic goals of the organization and finding creative ways to cultivate a culture the encourages innovation, collaboration and agility.

The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law). Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high. (Entire episode transcript is below. Read as you listen.) In the pandemic, tenants want single-family homes more than communal apartments. Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee.  Homebuilder sentiment is high? Why? High demand, low inventory, low rates. Stagflation is explained. It is a stagnant economy with high inflation. There are signs that inflation is poised to increase. Resources mentioned: Inflation Triple Crown video: https://youtu.be/dZojl686fU0 Section 8 turnkey property: www.GetRichEducation.com/Section8 Stagflation video: https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be Elevator Anxiety: https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold   Complete Episode Transcript:   Welcome to Get Rich Education. I’m your host, Keith Weinhold.    The rich are getting richer and the poor are getting poorer. I can’t think of any one time in my life where that’s been happening more than it has been than right now.   I’ll tell you why - and what you need to do to get on the right side of that.    What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education. ____________   Hey, you’re inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I’m Keith Weinhold. This is Get Rich Education.   The rich are getting richer, the poor are getting poorer - and I can’t think of any one time in my life where that’s been happening more than it has been than right now.   Because Americans living paycheck-to-paycheck might now be ... paycheck-less. Some of them are laid off - because of the pandemic - and now they're concerned that there's no national eviction ban.   That’s right. In most states, non-paying tenants CAN be evicted at this time. Now, you’ve got to check your local law.   Well, when is Congress going to do something to relieve those that the pandemic has left unemployed?   Well, they don’t even reconvene until after Labor Day.   Some people are wondering - “Where is the CARES Act 2?” Where are those updated forbearance options, eviction moratorium, the PayCheck Protection Program, and the $1,200 stimulus checks and the stepped-up weekly unemployment compensation?   In fact, Richmond Fed President Thomas Barkin had  good metaphor. He said: “Months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate.    Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate.” That’s the end of what the Fed President said.   Now, look, I think there’s a lot to be said for just letting the free market do it’s job.    But it’s a little hard to be in this laissez-faire, Austrian economics school of thought when some people could be suffering.     So that you know what I’m talking about, “lay-say-fare” basically means no government intervention into the free market.   Meanwhile, the rich are bingeing off Federal Reserve policy and liquidity injections that keep mortgage interest rates at historic lows and the S&P 500 at an all-time high.   Mortgage rates recently dipped below 3%, which is just amazing.   You don’t even have to be THAT rich … to benefit. If you’ve got substantial exposure to the real estate market or the stock market, chances are, that those assets are doing alright.   One thing that you need to keep in mind as an investor, is that, when the Fed puts rates on the floor, it affects more than just MORTGAGE rates - it affects other rates too - like savings account rates.   Just look at the rates at bank savings accounts.    Even if you’re in one of these online banks that give better yields than traditional brick-and-mortar banks - we’re talking about online-first banks like Ally Bank and Popular Bank - they were paying two-and-a-half percent on savings accounts not all that long ago.    Even those banks are now down to about three-quarters of one percent - probably less than the real rate of inflation.   So because savers get punished worse than ever right now, that, in turn, forces more people INTO things like real estate, because you’re in search of that yield.   Even retirees can’t rely on the paltry income from three-quarters of one percent yield so they have to go to the markets to chase yields too - sometimes unwillingly.   Well, when all these people that got negative REAL yield on savings accounts and CDs - and aren’t going to stand for it anymore, it forces more demand … and money into markets and consequently, floats the price of everything up.    That’s what’s going on now.   Now, I personally don't really like this deepening canyon between the "rich” and the “poor". But I know which side I'd rather be on.   Besides the investment properties, a lot of people want to move and shake-up their living situation like never before - their primary residence - and filter their new home-buying criteria on pandemic ways of life.   Bidding wars are rampant for single-family homes. How rampant are they? Well,  Zillow just reported their highest daily active user count ... ever.    Now, though property data can move even slower than your last 1031 Exchange did, Real Estate Economist Daren Blomquist just compiled THESE year-over-year price changes through quarter two.   You’ve heard Daren Blomquist on the show here. He broke this down this way:    City real estate is up +4% - again, this is all year-over-year through the second quarter. Town +4% Suburban +5% Rural +11%   The two sources are ATTOM Data Solutions and the U.S. Census Bureau.   So rural is appreciating the best. City and town is appreciating the least.    With time, I expect urban areas and apartments to slump. Of course, urban areas and apartments kind of go together.    In the pandemic, living in a lot of large apartment buildings has become about as fashionable as Jazzercise and The Atkins Diet.   Of course, at GRE, we've long focused on rental single-family homes. We’ve talked a little about apartments and you know that I started out with a four-plex & got my start in real estate that way.   This week, NAR Chief Economist Lawrence Yun noted:   " ... (There's) an oversupply of apartment buildings, especially in city centers given the evident recent shift in consumer preference for single-family homes in the suburbs.    Lawrence Yun continued: "Apartment rent growth could therefore be tough going ahead.   The rise of single-family units is welcome, as overall inventory of homes for sale are down 19% from one year ago and there is intense buyer competition in the market as a result." That’s the end of what Lawrence Yun said.   As long as your tenant can pay the rent, this is welcome news for your existing single-family rental homes - like the ones that you’ve acquired through GREturnkey.com.    It puts upward pressure on the price. So congratulations there.   The appetite for real assets, especially desirable rental single-family homes, now propelled by low inventory and low interest rates has put you in good shape if you’ve acted.   But of course, the COVID pandemic isn’t over. We don’t really know how all of this is going to turn out. And even when a vaccine is developed, remember that it will probably take … at least a few months to distribute it.   In my OWN portfolio, all of my single-family rental homes are occupied - 100%. But my apartment building vacancies are unusually high right now.   When we talk about apartment buildings and office buildings as well - Axios recently reported about how residents and workers are experiencing what they call “elevator anxiety”. I’ll put that in the Show Notes for you.    An elevator is one of the most physically, uncomfortable awkward places to be in the pandemic.   If you’re wondering about how that real estate looks - we’re generally talking about buildings that are four or more stories in height.   In fact, the ADA - the Americans with Disabilities Act - stipulates that properties with four or more stories generally are going to need to have an elevator.    I’ll tell ya - if apartment buildings are as unfashionable as the Adkins Diet these days, then being inside an elevator is about as hip as Jane Fonda workout videos, NordicTrack, and Sweatin' To The Oldies with Richard Simmons.   https://youtu.be/na9ZZ4ZjVa8?t=28     Oh geez. Did that really just happen? I guess it did. So … while we’re all processing that, getting back to real estate here.   Now, Fannie Mae and Freddie Mac recently said that they will start charging a 0.5% “adverse market fee” on all refinances, including both cash-out and non-cash-out refis. They were trying to put that new fee into effect for next month. What a drag that would be. So for every $200,000 you refinance, you’d have to pay an additional $1,000 fee - or maybe your lender would pay it. What Freddie Mac said is: “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new … what they call ... Market Condition Credit Fee in Price”. Freddie sent in their notice to lenders. Wouldn’t that be an annoying fee? Well, almost immediately, the National Association of Mortgage Brokers struck back. They launched a campaign to reverse that newly announced one-half of one percent refinancing fee. We’ll see where that goes.   Now, things are really good for homebuilders these day. An index measuring homebuilder sentiment matched its highest level ever yesterday. Why? I mean, it’s simple. There is a healthy amount of DEMAND from buyers and not enough homes to meet it.  Also, the 30-year fixed mortgage rate bottomed out at 2.88% in August, the lowest point on record. Those low borrowing rates are boosting homebuyers' appetites … obviously. There really are a few recent stories that are de facto microcosms - reflections of this appetite for a work-from-home arrangement and less dense housing. For example, it’s really telling to look at what the outdoor clothing and gear company, REI just did. Do you like REI? I like shopping there. Even if you aren’t into outdoor stuff, you can always find a cool water bottle or something at REI. Well, they just announced plans to sell the lavish corporate campus that they had just finished building near Seattle.  REI executives concluded that employees were able to collaborate remotely better than the company originally THOUGHT ...so a massive physical HQ just wasn’t worth the cost any longer. So REI is selling what they had just built. Other real estate segments falling out of favor - are those high-density places, like you might expect - New York City and San Francisco.  StreetEasy reported that Manhattan home values dropped 4.2% since last year and homes are lingering on the market more two months longer … than they had just last year. San Francisco list prices are down 5% annually, while inventory is up 96%. Yes, a near doubling of available inventory in San Francisco. NYC and San Francisco were already the most expensive housing markets in the country BEFORE the pandemic. And life under lockdown has given people that nudge they had already been considering for years. And then, single-family homes in outlying areas are the real beneficiaries here. There have been a number of notable milestones. COLORADO SFH sales rose 21% July-over-July. The median price statewide in Colorado is now $444,000. Just looking at Denver, Denver just broke the $600K mark for the first time ever.   So, a few months into the pandemic, we’re getting a clearer sense of who the winners and losers are - a lot of them are what we expected.   If I had to slim it down to just a 3-word answer for you on why the rich are getting richer, those 3 words are: Federal Monetary Stimulus.   And the stimulus is disproportionately benefitting … asset owners.   Well, the pandemic hasn’t affected some real estate investors at all. Others, feel more reliant on the next government stimulus program to give their tenants the wherewithal to pay the rent.    Well, if you, as an investor want to have the majority of your rent income payment guaranteed to be made by the government to you over the long-term, well, that’s what landlords of tenants with HUD-funded “Section 8” housing have enjoyed for decades.   You have guaranteed rent income.    I think you remember that I had a turnkey provider that specializes in Section 8 housing here on the show on Get Rich Education Episode 297. So just ten show ago, which was 10 weeks ago.   Like any investment, Section 8 Housing is best viewed through a prism of pros and cons.    Section 8 is not for everybody. Some love it, some don’t … but this provider manages the Section 8 administration FOR you. They’ve got a great relationship with the housing authority.    That’s something that most landlords of this government-subsidized housing never had.    “Guaranteed rent income” has a nicer ring to it than it did just a year ago.   Get the provider report and learn more at GetRichEducation.com/Section8   That’s our Richmond, Virginia provider. In fact, CNBC named Virginia as the most business-friendly state in the entire nation.   I’m Keith Weinhold and I’m coming back to talk to you about inflation.    Again, learn more at GetRichEducation.com/Section8. This is Get Rich Education!   _________________   Hey, you’re back inside Get Rich Education. I’m your host, Keith Weinhold.   Both the pandemic-driven CARES Act, and whatever other monetary stimulus acts that follow … are injections of trillions of dollars into the economy.    In fact, it’s now driven our national debt to nearly $27 trillion dollars.   Of course, this has the effect of … money printing. It’s not literal money printing. The more you learn about it, it’s often U.S. government bond issuance.    A bond really just means that the government issues an I.O.U. that someone else, like China buys.    Those are some of the semantics behind, what we you can really more closely think of as “currency creation” rather than money printing.   Will this result in inflation? That’s the big question. Well, longer-term, many think, “yes”. Short-term, “no”. We are in a low demand environment.   Of course, as a real estate investor, you want inflation. You might have seen on the Get Rich Education YouTube Channel where, I have visually mapped out how you win “The Inflation Triple Crown”.   In fact, if you just Google the three words, “Inflation Triple Crown”, you can probably see me - as the first hit on Google - and you can watch me doing the whiteboard video.   As you’ll remember, real estate investors win the Inflation Triple Crown because inflation provides you with: #1 Asset Price Inflation, #2 Debt Debasement and #3 Cash Flow Enhancement - that all works terrifically when you’re leveraged.   There are more signs of inflation out there in the economy right now than we’ve seen in the recent past. Though I still expect it to be mild as long as we’re in this pandemic-driven low demand environment …   The consumer price index rose six-tenths of one percent last month. That beat the two-tenths expectation that economists had had.    Food are prices up substantially, and then, a substantial input to homebuilder pricing and therefore the future value of homes - is lumber - and lumber prices have been soaring higher.   Treasury Secretary Steven Mnuchin said that the administration is unfazed with these historically obscenely high levels of government spending … thanks to the nation’s very low interest rates.   See, the Fed is less concerned about mounting debt when the interest rate that THEY pay on their debt is low … much like you’re less concerned about your debt when the interest rate is so low - you might be looking to take on more debt now.   Of course, YOU’VE got a better deal on your real estate debt than the Federal Government does, because the Federal Government doesn’t have tenants to service their debt for them like you do in an occupied rental property.    Could America reach a STAGflationary state again like it did in the 1970s? We haven’t discussed the economic phenomena of stagflation before.   Do you know what that is? Stagflation is a stagnant economy with inflation. That’s what it means.   OK, usually a more stagnant economy - like we’re in now - is characterized by low inflation due to lower demand not running up the prices of consumer goods and household staples.   But again, stagflation means that there’s a stagnant economy WITH high inflation. Could THAT happen this decade?    To reinforce your learning here, let’s listen to the audio from this explainer video from One Minute Economics about stagflation.    This is less than a minute & a half in length.    https://youtu.be/YaC_PNKu_Cg   Yes, well, if we get stagflation, meaning again, a stagnant economy that we have high inflation, I don’t know that we’d have another Fed Chief like Paul Voelcker - who, 40 years ago, brazenly raised interest rates so aggressively to combat inflation that mortgage rates were 18% forty years ago.   I don’t know that anyone would prevent inflation from running away at that point.   But again, that’s STAGFLATION.    Now, I know what you might be thinking. Maybe you’re thinking that all of the Fed currency creation to pull us out of 2009’s Great Recession didn’t produce high inflation, so why would it be any different this time, with all these CURRENT cycles of massive dollar creation once again?   That would be a valid thing for you to think.   At least based on the official government numbers, we’ve only had about 2% monetary inflation in recent years.    Well, see. Though high inflation wasn’t the RESULT ten years ago, it might have actually been CREATED and you just didn’t know it. So, here’s what I mean.    Say that the expansion of globalization and technological advancement REALLY meant that we had NEGATIVE 5% inflation - another way to say that is that what if we WOULD HAVE had 5 points of deflation if they’re WEREN’T any excess dollar creation?.   But yet, all of the dollar creation after the Great Recession caused 7% inflation.   Well then, 5 points of DEflation offset by 7% INflation resulted in ... 2% inflation.   Think about it that way. Maybe something like that is what really happened … and that is why all of today’s currency creation COULD result in high inflation. We don’t know that it will. But that’s just one reason why it COULD.   Now, overall, to pull back and look at the state of housing in this pandemic-driven recession.    Housing has been - and continues to be - substantially better off in this recession THAN it was in the 2008 Great Recession - that event - twelve years ago, had a housing COLLAPSE as a driver. People left the keys and walked away from their homes back then.   Now, instead, we’ve got bidding wars for housing.    I want to temper that with a reminder that the pandemic is not over yet, and it could still take an unforeseen turn.   The bad part about this recession is that we’ve got higher unemployment than we did back then.   Now, the reasons that real estate is BETTER OFF in this recession compared to the last one is:   Housing Demand Exceeds Supply - that was in the OPPOSITE state last recession. Responsible Lending Prevailed - again, that was OPPOSITE of last time. We’ve Got Low Mortgage Rates - lower than they’ve ever been.  And We had No “Bubbly” Price Run-up before this recession, unlike what happened in the 2008 Great Recession.    They are … the key differences.    Coming up on a future episode here - we’re primarily a show about how buy-and-hold residential INVESTMENT property produces wealth for you - and how to avoid mistakes.   But so many people are re-evaluating their primary residence situation lately, that, coming up on the show, I’m going to go deep on - “Should You Rent Your Home Or Should You Own Your Home?”   There is some counterintuition and paradox here.    I’m going to give you a new twist on the fact that - if you pay rent, that is NOT The Same As Throwing Money Away     Also, some people seem to think that homeownership is like: "Renting. Except you get to keep it." That is false and that has caused millions of people to buy houses that they later regret.   Is your primary residence an investment? Do YOU consider it an investment? Well, in almost EVERY case it is a poor financial investment, but it could be a good lifestyle investment.    So, “Should You Rent Your Own Home Or Own Your Own Home that you live in.” That’s coming up on a future show.   Well, regardless of your living situation, pandemic-driven unemployment might have made you realize that … you need a durable, long-term 2nd source of income - if you don’t already have one.   Even if you aren’t losing your job, circumstances have hit close to home for a lot of people.    You can either let other people make money off your money, like the bank paying you 1% on your savings.    Or you can make money off OPM (like borrowing at a 5% mortgage to invest at 11% - or hopefully, a lot more than 11% with the (up to) five profit centers that real estate has.)    RE is that instrument of arbitrage.   As they say, you can either teach a man to fish or give a man a fish. Well, why not do both? That IS the abundance mindset afterall.    At GetRichEducation.com, we teach you how to fish.   At GREturnkey.com, we give you a fish too.   What is going on at GREturnkey?   Well, first, get your mortgage pre-approval at a reputable lender that specializes in investment property like Ridge Lending Group.   You’ll see at GREturnkey.com that Birmingham and Huntsville, AL have investor-advantaged numbers that work.   Pockets of Huntsville may have better appreciation if they’re tied to employment in the space industry.    Gosh, love him or hate him, Elon Musk gave us something to actually celebrate in an otherwise tough 2020 as he led the first private company to launch astronauts to space - emblematic of the burgeoning space industry - both Huntsville, AL and Orlando, Florida there at GREturnkey pick up on some of that.   We just discussed Chicago here last week. Chicago and Dayton, Ohio are two markets that keep sourcing existing inventory that they beautifully renovate, and both markets have rent-to-price ratios that are typically OVER 1%.   When you’re over 1% and mortgage interest rates are this low, it makes your affordability as an investor REALLY advantageous. That’s Chicago and Dayton.   Des Moines, Iowa is sourcing a little inventory lately - not as much as some of the other providers. That’s a stable place.   Florida is a bright spot for new construction turnkey property - Jacksonville, Tampa, and the aforementioned Orlando all sourcing brand new construction property.    When it’s NEW construction, your insurance cost is often really low too.   Memphis, Tennessee and Little Rock, Arkansas are both the SAME provider there at GREturnkey - and that provider name is MidSouthHomeBuyers. There you have lower price points and MidSouth Home Buyers is so good with beginners.   And then, Oklahoma City - the numbers work and some media outlets have named Oklahoma City as the most recession-resistant market in America. You’re getting a 1% rent-to-price ratio there too.   Finally, Richmond, Virginia - I mentioned them earlier. They specialize in knowing the ways and means of how to optimize Section 8 tenancies because they have a great relationship with the housing authority there.    Most, or really all of these markets that I mentioned are in the United States Midwest & South.    Florida - oddly enough - is not culturally the South - though it’s the most southeastern state there is - their history of net-in migration makes them culturally disparate from what we think of as the south, but …   … all these markets I mentioned are in investor-advantaged metros where you generally have more stable prices, and landlord-tenant law that favors your rights moreso than the tenant’s rights.    So these markets are hand-chosen pretty carefully for you.    Once you’re pre-qualified for a loan, find all those providers & a few more at GREturnkey.com.   I am honored because you have given me something … and that is that I have had the privilege of having your time today.    Until next week, I’m your host, Keith Weinhold. Don’t Quit Your Daydream!

As millions of Americans remain out of work and forbearance programs expire, there are new predictions about a surge in foreclosures. An analysis by ATTOM Data Solutions shows that foreclosures could more than double in the next year because of delinquent loan payments. The analysis includes best to worst case scenarios with the middle case showing a rise from 145,000 current foreclosures to about 336,000 in quarter two of next year.   www.NewsForInvestors.com  

In today's Daily Download episode, HousingWire covers  The Trump administration's plan to abolish the Obama-era AFFH fair housing rule.For some background on the story, here's a summary of the article:  The Trump administration will terminate the Obama-era rule regarding the implementation of the Affirmatively Furthering Fair Housing, or AFFH, provision of the 1968 Fair Housing Act, according to Housing and Urban Development Secretary Ben Carson. In a press release issued on Thursday, Carson alleged the provision has proven “to be complicated, costly, and ineffective.”“After reviewing thousands of comments on the proposed changes to the Affirmatively Furthering Fair Housing (AFFH) regulation, we found it to be unworkable and ultimately a waste of time for localities to comply with, too often resulting in funds being steered away from communities that need them most,” said Secretary Carson in the release. “…Washington has no business dictating what is best to meet your local community's unique needs.”The 2015 rule requires cities and towns that receive federal funding to examine local housing patterns for racial bias and design a plan to address any measurable bias. Following the main story, HousingWire covers a report from TransUnion that indicates the percentage of accounts in financial hardship began to level off in June, and a report from ATTOM Data Solutions that claims profits on home sales rose 16% in the second quarter of this year.The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.HousingWire articles covered in this episode:HUD to abolish Obama-era AFFH fair housing ruleTransUnion: the percentage of accounts in financial hardship began to level off in JuneSeller's market: Profits on home sales climb 16% in second quarter for a total ROI of 36%

A potential housing crisis is on the way for millions of Americans whose mortgage and rent deferrals are about to sunset. Evictions loom as the end of state and local moratoriums will no longer protect homeowners and tenants unable to make payments because of COVID-19 lockdowns. A minority of U.S. states have already expired orders against evictions, and a host of others across the country are set to expire over the next two months.Once they do, residents are facing a possible flood of eviction notices for non-payment legal actions. The COVID-19 Eviction Defense Project (CEDP) predicted recently that by the end of September, more than 20 million U.S. renters —many of them Black and Latino located in big cities — will be at risk for eviction.According to data released on Friday by mortgage tracking firm ATTOM Data Solutions, homeowners most at risk for foreclosures during the second quarter were those in metropolitan markets along the East Coast and in Northern Illinois, with clusters of troubled borrowers in New York City, Chicago, Baltimore and Washington, D.C.“There are millions of Americans now unemployed due to the pandemic with greatly reduced means to keep up on their mortgages,” Todd Teta, ATTOM’s chief product officer,.

Daren Blomquist is a leading voice in communicating the trends of market - past, present, and future. He is all about the data and constantly researches to be able to make the best decision possible.Daren is Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac), where he directs ATTOM Media, a division of the company that publishes original real estate reports sourced from the ATTOM Data Warehouse, the nation’s most comprehensive property database. ATTOM Media real estate reports are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY.Daren has been quoted in hundreds of national and local publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg. Daren is also executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions and named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.For more info about Daren and to see some of his recent work, visit https://www.auction.com/inthenews See acast.com/privacy for privacy and opt-out information.

Homesnap’s “Pro” product   Homesnap has a new service that crunches data to show which homes in a neighborhood are the most likely to be listed for sale in the next 12 months.   The platform uses an algorithm that crunches millions of records, including MLS data, to come up with a “Likelihood to List” score. The service, available only to licensed agents, shows a “heat map” of neighborhoods color-coded to zero in on the homes most likely to go on the market.   Americans are equity-rich as home values rise   More than a quarter of mortgaged homes had an LTV lower than 50%   Almost 15 million homes in the U.S. were equity-rich in the fourth quarter, meaning their mortgages were 50% or less of their estimated market value, according to ATTOM Data Solutions.   Equity-rich properties were 27% of all mortgaged homes, matching the share in the prior quarter, the report said. About 3.5 million homes with a mortgage were seriously underwater, meaning the loan exceeded the value of the property by 25% or more.   That figure represented 6.4% of all U.S. properties with a mortgage, down from 6.5% in the third quarter. Among 8,262 U.S. zip codes, there were 451 zip codes where at least half of all properties with a mortgage were equity rich, ATTOM said.   Where are the highest equity levels? The San Francisco Bay area.   Boston had the highest equity-rich share in the Northeast, at 35.6%. Dallas, led the South, at 36.5%, and Grand Rapids, Michigan, led in the Midwest, at 27.4%.     African American homeownership lowest since 1968 — when Fair Housing Act passed: NAR official .   At a time when housing prices continue to climb and affordability continues to dwindle, the National Association of Realtors (NAR) is eyeing ways to diminish the racial homeownership gap.   “In 2020, there is still a persistent gap in homeownership rates between whites, African Americans, Hispanic Americans and Asian Americans,” Bryan Greene, NAR’s director of Fair Housing policy, said Thursday at the association’s second annual policy forum in Washington, D.C. “We’ve seen homeownership rates among racial groups steadily rise, but I think many of us would have expected rates to have risen more,” Greene added. “We did see that happen for a period from the early 90s to the early part of this century, but dramatically, at least for African Americans, we started to see that homeownership rate decline — so much so that last year the homeownership rate for African Americans dipped below the rate in 1968 when the Fair Housing Act was passed.”  

Andreas Senie of CRE Collaborative and Jim interview Todd Teta, Chief Product & Technology Officer at ATTOM Data Solutions. Todd leverages two decades of experience in technology and product innovation to lead ATTOM’s technology and product teams.Afterwards we talk marketing with Rebekah Carlson of Carlson Integrated.

We take a look at November's foreclosure report from ATTOM Data Solutions as well as Home Builder Confidence from the National Association of Home Builders. Also, current mortgage rates.

National foreclosure activity report from ATTOM Data Solutions as well as current mortgage rates.

Abby & Joe talk about the 5 cities are at risk for housing crashes this year, Critics slam presidential hopeful's plan to 'tax the hell out of' the rich, Beauty queen accused of interior design fraud by hotel mogul, NYC competitor sues Compass over allegedly poaching manager, Automate your post-close contacts with W+R Studios’ Homebeat, Here's what a nearby Trader Joe's can do for home values, Fire sale? Zillow listing features Florida home engulfed in flames, Working with out-of-town buyers? 7 tips for making it less stressful.

Today we are talking Pittsburgh Pennsylvania in our Market Focus. Coming up we are going to zero in on the Pittsburgh market and I talk to four of the movers and shakers getting it done in Steel City USA. The economy is roaring, the real estate market is hot, home prices are up and continue to increase, everything is looking rosy in Pittsburg. If you have the Flipping America app, you’ll have access to all of our research, but rather than hear me read you the research, let’s talk to the actual people. Alex Deacon, Josh Caldwell, Cindy Rack, and Ryan Scialaba are joining us now. 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 a 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: PIttsburgh, PA Pittsburgh https://en.wikipedia.org/wiki/Pittsburgh   Market Summary: There are currently 1,451 properties in Pittsburgh, PA that are in some stage of foreclosure (default, auction or bank owned).   In April, the number of properties that received a foreclosure filing in Pittsburgh, PA was 14% lower than the previous month and 2% higher than the same time last year.    Home sales for March 2019 were up 0% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $0. The median sales price of a foreclosure home was $0, or 0% higher than non-distressed home sales.   Population 308,003 Cost of Living Index 96.04 Crime Index 212.51 (C-) Schools 144 (C+) Household Median Income $36,019 Unemployment 4.90% Percentage of vacant homes 16.04% Foreclosures 1,451 Homes for sale 1,007 Foreclosure Rates for Pittsburgh: 1 in every 1864 Top 5 zips:  15235 - 1 in every 591 Highest rate 15204 - 1 in every 668 15223 - 1 in every 829  15210 - 1 in every 931 15218 - 1 in every 1253 Lowest rate Demographics: http://worldpopulationreview.com/us-cities/pittsburgh-population/ US Demographics: https://en.wikipedia.org/wiki/Demography_of_the_United_States   Real Estate Market Trends - Pittsburgh: http://www.noradarealestate.com/blog/pittsburgh-real-estate-market/ https://www.trulia.com/real_estate/Pittsburgh-Pennsylvania/market-trends/   USA Real Estate Market Trends https://www.globalpropertyguide.com/North-America/United-States/Price-History   The nation’s hottest housing markets https://themortgagereports.com/50802/the-nations-hottest-housing-markets-is-your-city-one-of-them   Real Estate News- Local News (Atlanta) Atlanta Fed President Bostic does not see a rate cut this year like the market is telegraphing https://www.cnbc.com/2019/05/20/atlanta-fed-president-bostic-does-not-see-a-rate-cut-this-year-like-the-market-is-telegraphing.html   Fed speakers could steal focus from trade war in week ahead https://www.cnbc.com/2019/05/17/fed-speakers-could-steal-focus-from-trade-war-in-week-ahead.html   JP Morgan slashes second-quarter GDP forecast to just 1% https://www.cnbc.com/2019/05/24/jp-morgan-slashes-second-quarter-gdp-forecast-to-just-1percent.html   Stocks close lower as tech takes brunt of trade tensions https://www.marketwatch.com/story/stocks-poised-to-start-the-week-lower-as-trade-tensions-persist-2019-05-20   National News Tech Hubs giving cities a Real Estate Boost https://www.mansionglobal.com/articles/tech-hubs-giving-cities-a-real-estate-boost-203366   Melinda Gates is funding this Wall Street rebel who is teaching women to invest and stick it to the banks https://www.cnbc.com/2019/05/23/melinda-gates-is-funding-this-wall-street-rebel-helping-women-invest.html   Home prices hit a record, as higher-end listings dominate this spring’s market https://www.cnbc.com/2019/04/04/home-prices-hit-a-new-record.html   8 affordable U.S. cities for the middle class to buy a home https://www.cnbc.com/2019/05/09/affordable-us-cities-for-the-middle-class-to-buy-a-home.html   US housing starts rose more than expected in April https://www.cnbc.com/2019/05/16/housing-starts-april-2019.html   A $1,000 Monthly Mortgage Is Real—in These 10 Bargain Cities https://www.realtor.com/news/trends/1000-a-month-mortgage-in-these-10-bargain-cities/   The Amazon Effect: Prices Up, Listings Down Near Its New HQ2 in Virginia https://www.realtor.com/news/trends/the-amazon-effect-prices-up-listings-down-near-its-new-hq2-in-virginia/   Real estate: 3 challenges facing first-time homebuyers this spring https://www.usatoday.com/story/money/2019/05/02/real-estate-market-how-buy-home-spring/3563380002/   ATTOM Data Solutions recently released its Q1 2019 Home Sales Report, which broke down various datasets on how the housing market is fairing.  https://www.attomdata.com/news/most-recent/where-my-first-time-buyers-at/   House passes bipartisan bill that will make saving for retirement easier https://www.housingwire.com/articles/49130-house-passes-bipartisan-bill-that-will-make-saving-for-retirement-easier International News Why the worst may be yet to come for stocks as trade war tensions persist https://www.cnbc.com/2019/05/27/trade-war-talks-could-fail-and-surprise-wall-street-bny-mellon-warns.html   The China trade war is leading to lower mortgage rates for American homebuyers https://www.cnbc.com/2019/05/23/china-trade-war-leads-to-lower-mortgage-rates-for-americans.html   Wall Street is becoming convinced the trade war is here to stay and will only get worse https://www.cnbc.com/2019/05/23/wall-street-is-becoming-convinced-the-trade-war-is-here-to-stay-and-will-only-get-worse.html   Celebrity surgeon went ‘all in’ on $180 million Bel Air mansion, then came the high-end housing glut https://www.cnbc.com/2019/05/22/celebrity-surgeon-goes-all-in-on-180-million-bel-air-mansion.html   Above and beyond: how 3 real estate leaders earned a referral https://www.inman.com/2019/05/27/above-and-beyond-how-3-real-estate-leaders-earned-a-referral/   Is Intercontinental International Real Estate Investment Company (ATH:INTERCO) Potentially Underrated? https://finance.yahoo.com/news/intercontinental-international-real-estate-investment-101702619.html Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day   “The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty.” – Winston Churchill    

Daren Blomquist from ATTOM Data is on the show to discuss market trends. Abhi has some great questions for Daren that listeners don’t want to miss, for example, is home flipping still a good investment strategy despite shrinking profit margins? Get the scoop on the best neighborhoods for home flipping and the best neighborhoods to invest in rental properties. To learn more about ATTOM Data Solutions and the resources they provide email marketing@atttomdata.com The Power Play: This segment is all about International real estate investing and why it’s so hot right now. Foreign investors coming over to the United States have completely different goals than domestic investors — it’s all about capital preservation.

Employers across metro Denver have listed nearly 6,000 jobs this month that pay $100,000 or more a year, according to Ladders, a career site for high-wage positions. -You can find job post in technology, sales, engineering, accounting and general operations on the website. -But $100,000 may not go as far as it used to, especially in metro Denver’s high-cost housing market. Attom Data Solutions estimates that someone looking to buy a home at the median price for Denver County of $430,000, would need a yearly salary of $117,148. https://www.denverpost.com/2018/10/04/want-to-land-a-six-figure-gig-denver-metro-has-more-than-6000-listed/ --- In Weather Temperatures will drop to a low of about 38 degrees Friday night according to the National Weather Service. The weekend will be even cooler and wet, with a high of 58 both on Saturday and Sunday, when the Colorado Rockies face off with the Milwaukee Brewers at Coors Field. Isolated rain showers are forecast through the weekend. The best chance for rain is Sunday afternoon. Fans should bring rain coats for the Rockies’ playoff game.

FAR 173 Expected Air Date: 7/23/18 Opening What are the guiding principles you use in your investing activity? We all think about returns, but do you consider other data points as well? Ok, some of you right now are asking, “what other data points?” If you are looking at a property to buy and hold and you are only looking at cash flow or only looking at capitalization rate, or only looking at net income, you are not looking far enough. Even if you are considering all three of those, and they ARE separate numbers btw, there is much more to consider. You need to think about the area, the past trends, the future projections, infrastructure, employment opportunities, and much more. So you need data. If you listen to the show much you know that our analysis is data driven. And we look behind the data for assumptions, theoretical models, and the methods used to combine data to reach conclusions. I realize that not all of you listening to this show can be that much of a nerd. It’s ok. We get our hands a little nerdy around here sometimes so we can help you make the best decision possible. That means we have sources for our data. One of our favorites is Attom Data Solutions. Coming up in a few minutes I have Daren Blomquist, Executive VP for Attom Data and we are going to bless your life with a little data talk. Now before you turn this off and switch over to yet another rerun of Gilligan’s Island or Big Bang Theory, let me tell you a few things we are going to be talking about. Attom data is the same company formerly known as RealtyTrac.com. That means they are experts on foreclosure data. We will talk about that. Want to know about crime rates in a prospective area? How about information about the particular property and its history? They’ve got those. Want to know what a neighborhood is like? Income level, percentage of college grads, crime rate, and more? They have it. Want some juicy stats on investor activities? Done. How about a list of distressed or potentially stressed properties? Where do you think the list brokers get theirs? Yeah - go straight to the source and we are going to tell you how. We are going to tell you how to get your hands on their Bi Annual Report on Single Family Rental Home prices. And you don’t want to miss this part -- in the last segment I ask Mr. Blomquist to look into his crystal ball and tell us what he sees happening with housing prices and the markets. His answer is coming up! With RealtyTrac since 2001, Daren Blomquist has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today. In addition to being one of the company’s longest-term employees, Daren is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and trends. Daren is also managing editor of the company’s monthly newsletter, the Foreclosure News Report, which was named the “Nation’s Best Newsletter” by the National Association of Real Estate Editors, and is directly responsible for the creation of the company’s U.S. foreclosure market and sales reports, which are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn We now have a profile at houzz.com for what it’s worth. Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements: Lunch with me every Wednesday. 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.   Guest: Daren Blomquist www.Homefacts.com www.homedisclosure.com www.Realtytrac.com Check out the Neighborhood Index. Look up Flip Transaction Data Read the Bi-Annual Report on Single Family Rental Home Prices Topic: Flash in the Pan Flash in the Pan: https://www.phrases.org.uk/meanings/flash-in-the-pan.html Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Emails: Questions@flippingamericaradio.com Tell us where you’re from! Alissa, Grand Rapids MI, “What do you do for security in your fix and flips? I have one in a marginal area and I’m a bit worried about materials left on site and basically the house itself.” Motivational Thoughts for the day “It doesn’t matter how slowly you go as long as you do not stop.” -Confucious.

You have probably heard the rumors that Amazon’s HQ-2 could potentially come to Raleigh. But, if this is true, what impact could this have on our market? Well, it is important to first realize that no final decision has been made just yet. However, Raleigh is a strong contender. As for how it will impact our market, we can expect a dramatic influence. Amazon’s HQ-2 will bring 50,000 jobs to whichever location is chosen, so this would obviously be fantastic for our city.  But how likely is it that we will be chosen? Well, ATTOM Data Solutions, which ranks cities based on factors like crime rates, property taxes, and more, has placed Raleigh as No. 1. And based on my own research, there are essentially four main reasons why we topped that list. “Amazon’s HQ-2 will bring 50,000 jobs to whichever location is chosen, so this would obviously be fantastic for our city.” Our talented labor pool. According to Zillow, Amazon would draw about 40% of their 50,000 jobs from the existing labor pool in our market. In other words, a huge number of jobs would be created for people who already live here. To put it into context, 50,000 jobs is about as many as currently exist for RTP, and that figure is spread over 200 companies in this instance.  Affordable real estate. It may not feel this way to those living here, but housing is still very affordable here compared to other cities. Rent rates would likely be the first statistic to rise if they did move here, though. This would put even more pressure on the limited supply we have in our market. So if you are thinking of investing in real estate, now may be the time to do so before rates are pushed up.  Tax benefits.  Crime rates. Atlanta is listed as the second-most-likely city for Amazon’s HQ-2 to move to, but their crime rates are three times higher than ours. So this certainly bodes well for Raleigh. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Changes are coming to our market. Today, I’d like to review a few expert predictions on what we can expect. It’s time for the April edition of our hot-off-the-press market report. Spring is here and the market is on fire! If you’ve been thinking recently about the value of your home, I’ve got some great news to report. CoreLogic’s chief economist Dr. Frank Nothaft recently said that “[…] the net result of rising demand and limited for-sale inventory is a continued appreciation in home prices.” Also, according to the most recent Case Shiller report, appreciation was steady between June and November of last year. While there was a small slowdown in December, this doesn’t mean prices went down. All it means is that we went from an appreciation rate of 6.4% in November to 6.3% in December. This slowdown is very normal for the last month of the year. Sellers whose properties didn’t move off the market sooner are simply ready at that point to have their transaction over and done with. This translates to lower prices. Next, I’d like to give you a look at the average annual appreciation rates we saw in the past, including rates from during the housing bubble between 2000 and 2007. To give you some historical context, we can see that the pre-bubble appreciation rate for the 12 years between 1987 and 1999 was 3.6% per year. During the bubble, the appreciation rate was at more than 7% per year. Then during the bust period between May 2007 and December 2011, values depreciated by 5.5% per year. Since then, appreciation rates during the recovery period to date have been at 5.3% per year. “If recent predictions are true, we will soon be back to normal appreciation rates.” Now that we know what has led us to where we are today, let’s look at what is being projected as we move forward into the next five years. A survey conducted by a panel of over 100  economists, real estate experts, and market strategists found that most experts believe we will finish 2018 with an appreciation rate around 5%.In 2019, the rate is projected to slow down to around 4%. Then, appreciation is expected to level off at 3% per year from 2020 until 2022. Personally, I believe that anything past 2019 is too far off to accurately predict. However, if these predictions are true, we will soon be back to normal appreciation rates. So, what about cumulative house appreciation by 2022. The Bulls are at 27.4% and the Bears are at 8.3%, with the average projection being 18.2%. With all of that being said, is it a good time to sell? Well, according to Daren Blomquist, senior VP at ATTOM Data Solutions, “It is the most profitable time to sell a home in more than 10 years.” However, he also said that homeowners are staying put much longer than we’ve ever seen. So, if you are thinking of putting your home on the market, I’d like to invite you to join us for our next Home Selling Sharks Seminar on April 7. The event will be at Hilton Garden Inn in Fort Washington, beginning with a breakfast at 8:15 a.m. with the seminar starting at 9:15 a.m. To sign up, visit http://www.homesharkseminar.com. If you have any other questions or would like more information, feel free to give me a call or send me a call or send me an email. I look forward to hearing from you soon.

January 29, 2018 Mostly cloudy with rain and snow tonight. High temperatures in the mid-40s. U.S. REP. SIRES BOYCOTTING STATE OF THE UNION ADDRESS When President Donald Trump delivers his first State of the Union Address on Tuesday, U.S. Rep. Albio Sires of West New York will not be in attendance, NJ.com writes. "The congressman is not attending the State of the Union because many of his constituents are offended by the president's rhetoric and behavior," said Erica Daughtrey, a spokeswoman for Sires. Meanwhile, U.S. Rep. Donald Norcross of Camden and Analilia Mejia, executive director of the New Jersey working families alliance, wrote in a guest column on NJ.com that they intended to be in the audience for Trump’s speech. NJ JOINING NY, CONNECTICUT IN LEGAL CHALLENGE TO TRUMP TAX LAW The governors of New Jersey, New York and Connecticut said they are forming a coalition to file a lawsuit over the federal tax overhaul enacted late last year, The Washington Post reports. Specifically, Gov. Phil Murphy of New Jersey, Gov. Andrew Cuomo of New York and Gov. Dannel Malloy of Connecticut contend that the portion of the law that limits the amount of state property tax that can be deducted is unconstitutional. ARRESTS OF IMMIGRANTS SPARK PROTEST IN METUCHEN U.S. Reps. Frank Pallone of Long Branch and Bonnie Watson Coleman of Ewing Township joined hundreds of people demonstrating in Metuchen on Sunday to protest the arrest of two Indonesian immigrants after they dropped of their children at school last week, Patch.com writes. And last week Attorney General Gurbir Grewal called for a federal review of the arrests by Immigration and Customs Enforcement officers of the immigrants, Roby Sanger of Metuchen and Gunawan Liem of Franklin Park, The Record reports. Grewal says the arrests violated ICE’s policy of prohibiting enforcement action at sensitive locations. GARDEN STATE HAS HIGHEST FORECLOSURE RATE IN U.S. New Jersey’s foreclosure rate was the highest in the country for 2017, the Press of Atlantic City reports. New Jersey, which had 1.61 percent of its properties with a foreclosure filing, came in ahead of Delaware at 1.13 percent and Maryland at 0.95 percent, according to ATTOM Data Solutions, which curates a property database. Atlantic City had the highest rate of foreclosure of any metropolitan area in the country. NJ RESIDENTS NOT VERY CONCERNED ABOUT OPIOIDS, STUDY SAYS A new study says that most New Jersey residents are not very concerned about the dangers of prescription opioid drugs, myCentralJersey.com reports. The study by the Partnership for a Drug-Free New Jersey finds that only 17 percent of the survey participants were very concerned about opioid drugs and 29 percent were somewhat concerned. In the final months of his tenure, Gov. Chris Christie made opioid drugs a signature issue. NJSPCA MUST COMPLY WITH OPEN RECORDS LAW, COURT RULES The state Open Public Records Act applies to the New Jersey Society for the Prevention of Cruelty to Animals, even though it is a private, non-profit group, a state appeals court ruled on Friday. The ruling came in a case related to the society’s takeover of an animal shelter in Middlesex County, the New Jersey Law Journal says. But the court ruling might not apply later in the year when the society loses its law-enforcement authority.

Another great episode to set yourself up for success in 2018. Daren works for ATTOM Data Solutions, a company that tracks real estate data for their customers to use however they wish. The major take-away from this episode (besides knowing how to access and use their data) is that their data shows we are still in an upcycle, with high demand for more supply. Daren says that this may be a great time to sell if you have property you have been holding for some time. We’ll hear more specific market reports from Daren including which markets have great returns,and which ones have become more expensive and less attractive to investors. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “Increased Days On Market is an indicator that the market is weakening” - Daren Blomquist   Daren Blomquist Background: - Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac) - Directs ATTOM Media, a division that publishes original real estate reports sourced from the ATTOM Data  Warehouse - ATTOM Data Warehouse, the nation’s most comprehensive property database - Executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions - Based in Orange County, California - Say hi to him at:   Made Possible Because of Our Best Ever Sponsors:Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Last month, ATTOM Data Solutions released its Q3 2017 Single Family Rental Market report.  The report identified the top 25 U.S. zip codes for buying single family rental homes based on potential rental yields and cash flow, vacancy rates, home price appreciation, population growth, neighborhood quality, and average property age. Joining the podcast to discuss the report is Daren Blomquist.  Daren is Senior Vice President of Communications at ATTOM Data Solutions (formerly RealtyTrac), where he directs ATTOM Media, a division of the company that publishes original real estate reports sourced from the ATTOM Data Warehouse, the nation’s most comprehensive property database.  Daren is also executive editor of the Housing News Report, a monthly newsletter published by ATTOM Data Solutions and named best newsletter by the National Association of Real Estate Editors in 2015 and 2016.  

Thanks to Attom Data Solutions, Chris Lee law firm in Dallas Tx, & USA Today, for providing the reports on today's show. These 10 states have a high foreclosure rate in 2017 , even though the economy is doing better, there are still people having problems with their mortgage.  Unfortunately bad things happen to good people. We as investors need to help them out.  See acast.com/privacy for privacy and opt-out information.

Buying in Southeast Michigan? Perform a full home searchSelling in Southeast Michigan? Get a free Home Price EvaluationRenting might work better for some people but from a financial standpoint, it’s definitely better to own than to rent. According to the National Association of Realtors, a homeowner’s net worth is 45 times greater than a renter’s. Another reason to consider buying instead of renting is that home values are on the rise. According to CoreLogic, home prices are up 7.2% over the last year here in Michigan. Going forward, home prices are predicted to increase by 6.4% over the next year. The national average is 5.2%, so Michigan is outperforming the national numbers. “Home prices will only continue to go up, increasing homeowners’ net worth. ”According to ATTOM Data Solutions, homeowners who sold in the second quarter realized an average price gain of $51,000 since buying their home. That is the highest average price gain for home sellers since the second quarter of 2007, when it was $57,000. In other words, homeowners in the second quarter of 2017 got an average return of 26% on the previous purchase price of the home. That is the highest average return on investment for home sellers since the third quarter of 2007, when it was 27%. ATTOM’s report also shows that homeowners who sold in the second quarter had owned the home for an average of 8.05 years. So, as a homeowner, your net worth is higher and, when you move, you have the opportunity to get a good return on your investment. You can’t get that when you rent a home. If you have any other questions about owning versus renting or if you’re interested in making a move, just give me a call or send me an email. I would be happy to help you!

From a 2016 review, seems house flipping is back. These top 10 states according to the data is bringing in return on investment anyone would invest for.                       On today's show I talk about The top ten states according Attom Data Solutions  What is ROI Differences between Flipping & Wholesaling And much more.......... See acast.com/privacy for privacy and opt-out information.

Analytics and data are everywhere now, so obviously us real estate investors want to try to use it to our advantage, right? In comes Attom Data Solutions, one of the nations leading providers of real estate data and intelligence on real estate trends, an awesome resource for real estate investors and entrepreneurs. We talk with Daren Blomquist, Vice President of ATTOM Data Solutions, about how to leverage all of this data to find incredible real estate deals.

Gentrification. Housing Bubbles. Developers & Their “Pay 2 Play” Campaign Donations (Bribes) to City Council Members. And then there's the needless cruelty of permanent homelessness. On this episode, Jesse & Matt ratchet-up their manifesto on their Mixtape for the Future by talking about the second-most important cornerstone of The Golden Square: namely, the universal right to human shelter. While a good deal of the debate and conversation will provide a clear-sighted and information-packed survey on the problems, causes and solutions involved with creating universal rights to housing, Matt & Jesse will also expand past common notions of shelter that often go unnoticed in the popular conversations found in daily rituals. And in doing so, the co-hosts hope to transcend the blind and abject observations from America's TV-Clown punditry on housing. Mentioned in this episode: Prashant Gopal in Bloomberg: “Homeownership Rate in the U.S. Drops to Lowest Since 1965” After the Recession, Blackstone and Other Hedge Funds Are Big Buyers of Domestic Homes: The Real News Network's “Another US Housing Bubble?” Is Employment Actually Up? Birth/Death Statistics from the America's Department of Labor Hilary Osborne in The Guardian: “Home Ownership in England at Lowest Level in 30 Years as Housing Crisis Grows” BBC: “General Election 2017: Labour Pledges to Build 1M New Homes” David Harvey's RSA Animate: “Crises Of Capitalism” NPR's Terry Gross Interviews Historian Richard Rothstein: The American Government's Horrific Racism in Housing: From Blockbusting to Covenants and the GI-Bill's “Whites-Only Housing Loans” Median Home Prices in San Jose Versus Median Home Prices in Youngstown Poppy Noor's Guardian Editorial: “Utopian Thinking: Free Housing Should Be a Universal Right” MintPress News: “Empty Homes Outnumber the Homeless 6 to 1, So Why Not Give Them Homes?” Lack of Resources to Accurately Count Increased Homelessness in Riverside County & The Inland Empire The Los Angeles Times' 2017 Report Housing Insecurity: “L.A. County Homelessness Jumps a Staggering 23% as Need Far Outpaces Housing, New Count Shows” The Los Angeles Times: An Interactive Map of Homelessness in L.A. County (2015) Mela Megat in The Highlander: “UCR Takes Steps to End Food Insecurity Among Students” Rosanna Xia in The Los Angeles Times: “1 in 10 of Cal State Students Are Homeless, Study Finds” Matthew Snyder's Darkly-Lit Snark: "O Great: Amber Alert for the Homeless" Ken Ilgunas, Duke University Student: Walden on Wheels: On The Open Road from Debt to Freedom The New York Times' Feature Article on Ken Ilgunas: “When Home Is a Parking Lot” Twitter Page Dedicated to Millennials' Experiments with #Vanlife Part II of Matthew Snyder's Darkly-Lit Snark: "Make Millennial Poverty Hip Again" Wikipedia's Historical Overview of the “Rent Is Too Damn High Party” Wikipedia's Biography on the Founder of the “Rent Is Too Damn High Party,” Jimmy McMillan: “An American political activist, perennial candidate, karate expert, and Vietnam War veteran, as well as a former postal worker, stripper and private investigator from Brooklyn, New York.” Percentage of Rent-controlled Homes in Los Angeles City The Guardian's Major Reveal: the Panama Papers and the Explosive Investments (by Wealth-Squatters) Discovered in the Big City Real Estate Market of London Varying LA City Propositions to Deal with Both Housing and Homelessness: The Los Angeles Times' Editorial Board and Their Op-Ed Against Measure S The Los Angeles Times' Editorial Board's and Their Support for Measure H The Los Angeles Times' Explores Measure S Versus Measure H Joshua Bregman's June 1st, 2017 Facebook Post on LA's Housing Crisis: “This is one of the bluest cities in one of the bluest states in the country. This place is run by Democrats and has been since forever. This has nothing to do with Republicans or Trump. We've got high-rise luxury condos sprouting up all over Downtown that no one actually lives in. Massive gleaming skyscrapers sitting there empty while more and more people are forced out of doors. This is a disaster. I've been to developing countries that have less people living on the streets than the second-largest city in the wealthiest country in the world. So here's a proposal: how about not another goddamn viral clip, or tweet or magazine cover or open letter or vacuous emission of another goddamn celebrity or late-night comedian or entertainment industry luminary talking about Trump or Russia or “backwards ignorant America that votes against its own self-interest” or cracking jokes about the racist, sexist rubes that live out in the sticks until this shit is fixed? Do you seriously think this shit is not racist and sexist? How about not getting to be in the 1%, or even the 10%, to drive past literal tent-encampments on your way to work, to step over the dispossessed just moments before they turn on your spotlight and soundcheck your mic, and have a goddamn thing you have to say about politics and society get listened to? How about not getting to publicly opine about national, much less geo-politics until you can figure out how your own city council works and you drag your camera crews to right outside your studio doors and show the world what's going on in America in 2017, in one of the "strongholds" of "the resistance"? How about that?” How Police and Firefighter Unions Take Precedence Over City Housing Budgets The Los Angeles Times: Housing Developers Own City Councils Via Campaign Donations, But That Should End Excerpt from Jake Halpern's Fame Junkies: How Martha Stewart's Insider-Trading Scandal (130 minutes) Dwarfed the Coverage of the War in Darfur (26 minutes)    UN Report (2005): A Shocking 100 Million People Are Homeless in the World & Over 1 Billion Humans Face Inadequate Shelter Slate Magazine: How, in 2005, the Bush Administration Made Student-Debt Forgiveness Nearly Impossible (*Hint: Banks Lobbied Politicians) Vice: American Students, Debt Ridden, Now Flee to Europe to Avoid Loan Repayments Powerful Youtube Clip from 99 Homes -- Michael Shannon Spits Out the Truth to Andrew Garfield About How America “Always Bails Out the Winners” Ramin Bahrani's 99 Homes: A Film About the US Recession and Its Epic Housing Foreclosure Crisis The Big Short: Michael Lewis' 2011 Book & Its Later 2015 Film Adaptation Background on the NINJA (or NINA) Loans: “Non Income No Asset” How the Repeal of the Glass Steagall Act Magnified the Great Recession's Reach Why Infrastructure Is Equivalent to Shelter: Its Benefits to Slum-Dwellings Clothing as Shelter Time Magazine: “Japan's Earthquake and Tsunami Warning System Explained” California Senate Leader, Kevin de Leon, Calls California the 5th Largest Economy After Britain's Brexit Vote The 2017 ASCE Infrastructure Report Card - America's Cumulative GPA Is Once Again a D+ An MIT Study, By Economist Peter Temin, Says America Has Devolved into a Developing Nation Instead of Looking More Like Europe's Infrastructure Peter Temin's The Vanishing Middle Class: Prejudice and Power in a Dual Economy America's Stunning Incarceration Rates: The United States Has 25% of the World's Total Prison Population Even Though the U.S. Only Makes Up 5% of World's Human Population Jake Blumgart in Slate Magazine: “How Bernie Sanders Made Burlington Affordable” The National Community Land Trust Network: FAQ - What Is a Community Land Trust? There Are Over 250 Community Land Trusts (CLTs) in America The Common Good Podcast: “Episode 8: Community. Land. Trust” (Interview with Two Key Players in San Diego's First Land Trust Association) -{Matthew Snyder's Essay on “The Circle-Jerk of Gentrification” (Forthcoming!)}- The Village Voice: “National Punch a Hipster Is Tomorrow, Apparently” Peter Frase in Jacobin Magazine: “Resenting Hipsters” Tyrone Beason in The Seattle Times: “Seattle's Vanishing Black Community” The Los Angeles Times' Long, Heart-Rending Feature Article on San Bernardino's Crumbling Housing Sectors The Guardian at Cannes: The Riveting Feature Film Premiere of Sean Baker's The Florida Project Why Public-Private Partnerships So Often Fail Director Roko Belic's Documentary Happy Youtube Excerpt From the Documentary Happy, Which Explores the Powerful Benefits of the Danish Co-Housing Model UCR Housing: It's Rich, Beautiful History and Its Tragic & Barbaric Closing Maureen Dowd, from The New York Times, Complains About Student Dormers Self-Selecting Roommates: “Don't Send in the Clones” Other Supplementary Facts and Sources Concerning Shelter: HUD: The 2016 Annual Homeless Assessment Report (AHAR) to Congress NOVEMBER 2016: 549,928 people were experiencing homelessness in the United States. As of September 8th, 2016 — ATTOM Data Solutions, the nation's leading source for comprehensive housing data and the new parent company of RealtyTrac, today released its Q3 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report, which shows nearly 1.4 million (1,361,188) U.S. residential properties (1 to 4 units) representing 1.6 percent of all residential properties were vacant as of the end of the third quarter. On the Streets: A 12-part video series about homelessness in Southern California--with one of the stories involving a UCLA Grad student living in a car. HERE'S WHAT AN AVERAGE APARTMENT COSTS IN 50 U.S. CITIES Averages from all 50 cities on the list: Median rent for 1-bedroom apartment: $1,234.43 Square footage of 1-bedroom apartment: 678.32 square feet San Francisco, California $3600 San Jose, California $2536 New York, New York $2200 Washington, DC $2172 Boston, Massachusetts $2025 Los Angeles, California $2014 Miami, Florida $2000 ON CO-HOUSING COMMUNITIES: The Kalkbreite cooperative in Zurich suggests how co-ops will become a viable housing option for the 21st century. How Cohousing Communities Help Prevent Social Isolation.

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report. They examine how our new President, Donald Trump, could influence real estate investing, how the economy might react, and what regulatory environment we'll be investing in. Key Takeaways: [1:43] A Trump presidency's impact on real estate investors and our economy [5:55] Lack of wage growth has caused affordability issues [8:46] Housing bubbles tend to be created by lower interest rates [11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low [15:43] What impact would repealing Dodd-Frank have? [19:11] ATTOM's Housing News Report article explains the phenomenon of big banks running away from the mortgage business [20:16] October 2016 saw a continued increase in foreclosure activity [24:29] The promised $1 trillion infrastructure investment will help real estate investors. [25:36] Get the Housing News Report free for a year by emailing marketing@attomdata.com and mention "Creating Wealth" Websites: http://www.realtytrac.com http://www.realtytrac.com/news/tag/marketing-list http://www.attomdata.com

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report. The two look into the impact our new President, Donald Trump, could have on real estate investing, how he might change the economy, and what sort of regulations (or lack thereof) that might impact our investing future. Key Takeaways: [1:43] A Trump presidency's impact on real estate investors and our economy [5:55] Lack of wage growth has caused affordability issues [8:46] Housing bubbles tend to be created by lower interest rates [11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low [15:43] What impact would repealing Dodd-Frank have? [19:11] ATTOM's Housing News Report article explains the phenomenon of big banks running away from the mortgage business [20:16] October 2016 saw a continued increase in foreclosure activity [24:29] The promised $1 trillion infrastructure investment will help real estate investors. [25:36] Get the Housing News Report free for a year by emailing marketing@attomdata.com and mention "Creating Wealth" Websites: http://www.realtytrac.com http://www.realtytrac.com/news/tag/marketing-list http://www.attomdata.com

Our guest for tonight’s episode of The Stark Group LIVE is Daren Blomquist. You may have recognized his name as Daren has been interviewed by major news networks numerous times now. He has been instrumental in many facets of the company’s business as it has transformed into the industry leader it is today and is RealtyTrac’s primary media spokesperson and resident go-to expert on foreclosure statistics and other real estate trends. Topics discussed in this episode include the rebranding of RealtyTrac as Attom Data Solutions, the housing boom, property values and the best down-and-out neighborhoods to buy a home.

Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report joins Jason Hartman to discuss the new President, Donald Trump, and what this presidency might end up meaning for real estate investors, the economy as a whole, and clearing up regulatory issues which hamper the current market. Key Takeaways: [1:43] A Trump presidency's impact on real estate investors and our economy [5:55] Affordability issues caused by the wage problem [8:46] How lower interest rates create housing bubbles [11:33] Home ownership is at a 50 year low while housing prices skyrocket to unsustainable highs. [15:43] What would happen if Trump repealed Dodd-Frank? [19:11] ATTOM's Housing News Report article tells us why big banks are fleeing the mortgage business. [20:16] An increase in foreclosure activity continued in October 2016 [24:29] How Trump's promise to invest in the United States infrastructure will help real estate investors. [25:36] Email marketing@attomdata.com and mention "Creating Wealth" to get the award winning Housing News Report free for one year Websites: http://www.realtytrac.com http://www.realtytrac.com/news/tag/marketing-list http://www.attomdata.com

In this special Expert Series edition of Self Directed Investor Talk, Daren Blomquist, Vice President of the respected data firm RealtyTrac gives his insights on the suitability of today’s market for house flipping, along with his predictions for what 2017 holds for America’s real estate markets.  I’m Bryan Ellis, your host and I’d like to welcome you to a very special edition of Self Directed Investor Talk.  Please send your questions and comments to us by email at feedback at sditalk.com or on Facebook or Twitter at SDITalk.  With that… Bryan Ellis:                       Mr. Blomquist, how are you today, sir? Daren Blomquist:            I'm doing very well. How are you? Bryan Ellis:                       Very well. Thanks for joining us. Look, I've always or have long been a fan of Realtytrac and what is now ATTOM Data Solutions, and particularly your quarterly home flipping report, because that's one of the businesses that we're in. I had a look at the Q3 2016 report, and it's interesting because it looks like overall, the information's positive, 45,000 flips last quarter with a pretty substantial gross ROI. Some of the other data, such as slowing volume of flips compared to both last quarter and compared to a year ago. At least a significantly the declining percentage of flipped funded with cash. Those things raise my eyebrows as someone who looks at this market. What do you make of those things? Daren Blomquist:            Yeah, I think the decline in flips is ... Right now, I would consider that more of an aberration that's interrupting a long-term trend upward home flipping, and the market is very favorable to home flippers right now. Now it's becoming tougher because prices are getting so high and flippers are jumping into the market, it's becoming more competitive. Bryan Ellis:                       Right. Daren Blomquist:            Still, you have low inventory that's very favorable to flippers. They're providing inventory that the new home builders are not. Bryan Ellis:                       Right. Daren Blomquist:            Then you have rising home prices, which is a double-edged sword. It's tough, it makes it tougher for flippers to find discounts on the front end, but it makes it a lot easier for them to sell. It gives them a cushion to some on the back end. All that to say, I think actually we saw a decrease in overall sales in the third quarter, and I think it's partially a reaction to uncertainty around the election. Bryan Ellis:                       Sure. Daren Blomquist:            I think we'll see that aberration pick back up in terms of the number of home flips. Now I think we'll see it shift, which we're already starting to see to the flippers are shifting to different markets where they can actually find, still find discounts on properties on the front end, or there's more availability of discounts. A lot of times in the form of foreclosures. Bryan Ellis:                       Right. Daren Blomquist:            In terms of the cash piece of it, there's fewer. It's still 68% of flippers are using cash to buy, which compared to the last housing boom, we were seeing about 35% of flippers using cash to buy. Bryan Ellis:                       Wow. Daren Blomquist:            Much more of them were using lending. We are seeing that number at an eight-year low, which means there is more availability of funding for flippers rather than having to use their own money in terms of crowdfunding. In terms of other alternative financing sources. That actually is one of the reasons I think we'll see flipping continue is that's going to enable more flippers to jump in. That may not always be a good thing, but it is going to push the market higher I think in 2017. Bryan Ellis:                       In your analysis or if you guys track this, who buys those flipper properties? Owner occupants or other investors? Daren Blomquist:            I don't have the exact percentage on that, but the majority is owner occupants. When we look at that ... We look at who's buying basically as a proxy, who's buying the flip, not the flipper buying with cash, but if the person they're, or entity they're selling to, is buying with cash, and we do see a fairly substantial number selling to other cash buyers, which for us is a good proxy likely for investors. Bryan Ellis:                       Right. Daren Blomquist:            The majority is owner occupants, but I think you look at markets like Memphis and Cleveland, and places like that where we're seeing quite a bit of home flipping, and a lot of- Bryan Ellis:                       There's a lot of investor to investor stuff there. Daren Blomquist:            Those are going to other investors who then are taking those properties and turning them into rentals. They don't want to deal with the rehab portion of it. Bryan Ellis:                       Yeah. I have wondered if there are any homeowners left in Memphis at all. Daren Blomquist:            Yeah, it's the top market for flipping and it's also one of the top markets when we look at single family rentals for purchasing those. Bryan Ellis:                       Right. You recently had an article called "Blue State Buyers Swing to Red State Rentals," which I thought was interesting. It was a discussion of the whole turnkey rental property phenomenon that's going on, which really reflects exactly what's going on with the clients of the Self Directed Investor Society, namely that California investors, and in our case, particularly those in the Bay Area, are finding it really interesting to buy real estate in the Southeast. What's your take on that? Why is that happening? Daren Blomquist:            Yeah. I think that investors realize that real estate is one of the best places to still get a return in this low interest rate environment. The stock market is good, it has been good, but they want to diversify and they say real estate is a great way to do that. Bryan Ellis:                       Yeah. Daren Blomquist:            Investing in their backyard is really a non-starter when you're ... You just can't cash flow property. Bryan Ellis:                       Right. Daren Blomquist:            Flipping a ... These are the type of investors who probably don't want to get into flipping. They're professionals, they have a day job. They're going to those markets where you can't cash flow and there's still a lot of lower priced properties available that can be purchased and cash flow very well. I would just mention we're not just seeing it in the South. Southeast is a big center of it, but we actually broke it down for Orange ... I know you look a lot at the Bay Area, but we looked at Orange County, California, which is where we are, and where the top counties were, Orange County buyers are purchasing rental properties basically. Not surprisingly, the first few counties were right in the immediate vicinity, but in the Inland Empire where prices are cheaper. Then after that, you have of course Las Vegas, Phoenix are near the top. Then you have places like Memphis. Memphis was in the top 10. Bryan Ellis:                       Yeah. Daren Blomquist:            Shelby County there. Of places that Orange County buyers are purchasing rental properties, you had Wayne County, Michigan [inaudible 00:06:14], which is not really Southeast. That's Detroit. Was one, was in the top 10 for places that Orange County buyers are purchasing rental property. That was- Bryan Ellis:                       That's interesting. Daren Blomquist:            That was an eye opener and certainly we see ... Anecdotally, we hear a lot about that as well. Bryan Ellis:                       Yeah. Daren, in February or so this year, you had an article out that had some housing predictions, some forecast for 2016. I wanted to take a minute to hold your feet to the fire, so to speak. See how things actually worked out in practice. Let's look at the predictions here. Daren Blomquist:            Great. Bryan Ellis:                       I'm not sure if these are your predictions or the predictions of the other experts that were cited in the article, but the key ideas here were, number one, the prediction for growing rental rights and moderate home price growth, which should force more people, or motivate more people to look to buy in 2016. The second- Daren Blomquist:            We did. Yeah. I'll just stop you. Bryan Ellis:                       Yeah. Daren Blomquist:            We did see that pretty much play out. The home price growth was stronger than I expected. It's about five percent for the year. Bryan Ellis:                       Okay. Daren Blomquist:            It was actually a little bit stronger, but it is moderate and we were at double digit price growth. Now we've come down. Rental rates continue to be strong. Bryan Ellis:                       Right. That was a definite check mark. The second prediction was mortgage rates will rise, which should help boost the number of buyers out there. It looks like that one was a little less accurate I guess. Started to rise at the end of the year. Daren Blomquist:            Right, yeah. Get that right if you count to the last couple months of the year, but it really didn't rise ... A year ago ... It feels like Groundhog Day. A year ago, the fed was raising rates in December and predicting that they would raise rates throughout 2016 and it didn't happen. Now they're doing the same thing again. We'll see if that happens in 2017. I do. Really we're off the mark there, but I think more ... The fed has limited control really over mortgage rates. Bryan Ellis:                       Yeah. Daren Blomquist:            I think what we saw following the election is more going to be a driver of rising interest rates than the fed necessarily, but I do expect to see that going into 2017. Bryan Ellis:                       Yeah, I think we're all surprised that rates didn't go higher than they did. Then that third prediction was inventory's expected to remain a problem in 2016. That certainly looks to continue to be true. Daren Blomquist:            Yeah. It's a major theme, and I think most people view it as a challenge in this housing market, but it's really ... It's a good problem to have because it's keeping ... It's a safety net for this market, even if we are seeing some bubbles forming, overheated markets. Those markets typically do not have an oversupply of inventory, which means even if you see demand fall, there's a safety net of low inventory. Bryan Ellis:                       Yeah. Daren Blomquist:            To keep those markets chugging along. Bryan Ellis:                       Yeah, exactly. Now this leads me to the predictable final question. You did pretty well in predicting 2016. You definitely got two right and the one was flat. What does 2017 look like for you? What do you expect to happen? Daren Blomquist:            I'll go out on a limb and do, as I mentioned, we will see interest rates rise, and I think we're seeing that already at the end of this year. Bryan Ellis:                       Yeah. Daren Blomquist:            I think we'll see more substantive rising of rates in 2017 that will, and then that in turn is an important factor that will start to slow down some of these overheated markets in terms of home sales and home prices particularly. Again, we're at about five percent appreciation this year. I think we'll see it go down to two to three percent appreciation. This is a nationwide number of course. Bryan Ellis:                       Yeah, sure. Daren Blomquist:            There's a lot of variance from market to market, but I think in general, we'll see cooling appreciation. We will see I think a surge in home sales early in the year. We already saw it a little bit in November as people try to beat out the higher interest rates. That's going to be an overriding factor. Bryan Ellis:                       Sure. Daren Blomquist:            Another prediction that's a little more localized in nature is I think ... I'm very bullish on the Rust Belt. Bryan Ellis:                       Are you? Daren Blomquist:            They were a big part of the election, and in determining the election, and there's been a lot of talk by now president-elect Trump to invest in infrastructure, and there seems to be a lot of bipartisan support for that. The cities that need the most infrastructure improvement tend to be in the Ruse Belt. Bryan Ellis:                       Yeah. They're going to feel the love. Daren Blomquist:            Places like Flint, Michigan, that have aging water systems and what not. We see that investment happening, that's going to really help housing in those markets and improve the overall value of the housing market. Bryan Ellis:                       Awesome. Daren, thank you so much for your time. I am very grateful to you, and hopefully we'll get to have you back on and maybe dig a little bit deeper into the single family rental market, because I know that's an area of expertise for you and ATTOM Data Solutions. Thank you so much for being here. Daren Blomquist:            Yes. I'm glad to be here and happy to come back at some point in the future. Bryan Ellis:         Awesome. Thank you, sir. See acast.com/privacy for privacy and opt-out information.

Daren Blomquist is a Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM's award-winning Housing News Report. This is Daren's second visit to the Creating Wealth podcast. He joins Jason to discuss the new President-Elect, Donald Trump, what Trump's future presidency will mean for real estate investors, the economy and the regulatory issue's which bogg the current market. Key Takeaways: [1:43] What does a Trump presidency mean for real estate investors and the US economy? [5:55] The wage problem is causing affordability issues. [8:46] In the real estate market lower interest rates create a bubble. . [11:33] The rising house prices are unsustainable and home ownership rates are at 50-year lows. [15:43] Wouldn't it be nice if Trump repealed Dodd-Frank? [19:11] ATTOM's Housing News Report article reveals big banks are leaving the mortgage business. [20:16] October 2016 shows a month-over-month increase in foreclosure activity.   [24:29] Trump's promise to invest in the infrastructure in rust belt cities will benefit real estate investors. [25:36] Creating Wealth listeners get the award winning Housing News Report free for one year if they email marketing@attomdata.com Mentioned in This Episode: Jason Hartman Realty Trac Marketing List at Realty Trac ATTOM Data