Podcast appearances and mentions of danielle hale

Jason sits down with Realtor.com chief economist Danielle Hale to talk about what's happening currently in the Real Estate market, how it's different from what experts predicted the 2025 housing economy to be, and what she thinks is on the horizon for the second half of the year. Danielle touches upon the future of interest rates, consumer confidence, and what one common Realtor emoition sums up the housing market this year. Make sure to check it out!

Owning a home remains a crucial part of the American Dream, but with today's high mortgage rates and low housing supply, many Americans looking to buy are finding themselves priced out of home ownership entirely. FOX Business' Katrina Campins speaks with Realtor.com chief economist Danielle Hale about the state of the 2025 housing market, President Trump's plans to bring prices down, and tips for first-time home buyers. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Owning a home remains a crucial part of the American Dream, but with today's high mortgage rates and low housing supply, many Americans looking to buy are finding themselves priced out of home ownership entirely. FOX Business' Katrina Campins speaks with Realtor.com chief economist Danielle Hale about the state of the 2025 housing market, President Trump's plans to bring prices down, and tips for first-time home buyers. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Owning a home remains a crucial part of the American Dream, but with today's high mortgage rates and low housing supply, many Americans looking to buy are finding themselves priced out of home ownership entirely. FOX Business' Katrina Campins speaks with Realtor.com chief economist Danielle Hale about the state of the 2025 housing market, President Trump's plans to bring prices down, and tips for first-time home buyers. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Curious what you need to know about the 2025 real estate landscape? REALTOR® Mabél Guzmán shares her top advice for buying and selling a home in 2025, from how to price your home to the importance of the condition of it. Then, Holden Lewis with NerdWallet discusses their 2025 Home Buyer report, which examines the challenges and opportunities home buyers face. Plus, NAR's Chief Economist Lawrence Yun discusses the latest Pending Home Sales report. Weighing out the pros and cons between renting and buying? Danielle Hale with Realtor.com shares her insights as to why rental rates continue to drop. Then, design expert Melissa Dittmann Tracey weighs in on home tech, like auto-mowers and robo-vacuums, to let us know what's hot and what is not.

Curious what you need to know about the 2025 real estate landscape? REALTOR® Mabél Guzmán shares her top advice for buying and selling a home in 2025, from how to price your home to the importance of the condition of it. Then, Holden Lewis with NerdWallet discusses their 2025 Home Buyer report, which examines the challenges and opportunities home buyers face. Plus, NAR's Chief Economist Lawrence Yun discusses the latest Pending Home Sales report. Weighing out the pros and cons between renting and buying? Danielle Hale with Realtor.com shares her insights as to why rental rates continue to drop. Then, design expert Melissa Dittmann Tracey weighs in on home tech, like auto-mowers and robo-vacuums, to let us know what's hot and what is not.

What should buyers and sellers expect in the real estate market this fall? Chief Economist at realtor.com Danielle Hale discusses the drop in interest rates and what it means for buyers and sellers. National Association of REALTORS® President Kevin Sears shares his best strategies for buyers in the fall market, from getting preapproved to writing the best offer. Plus, Nadia Evangelou with NAR talks about the latest Existing-Home Sales Report and analyzes the Fed's news. Then, senior meteorologist Paul Pastelok looks ahead at the fall weather and its potential impact on real estate. Finally, design expert Melissa Dittmann Tracey shares whether painting your house white is hot or not.

What should buyers and sellers expect in the real estate market this fall? Chief Economist at realtor.com Danielle Hale discusses the drop in interest rates and what it means for buyers and sellers. National Association of REALTORS® President Kevin Sears shares his best strategies for buyers in the fall market, from getting preapproved to writing the best offer. Plus, Nadia Evangelou with NAR talks about the latest Existing-Home Sales Report and analyzes the Fed's news. Then, senior meteorologist Paul Pastelok looks ahead at the fall weather and its potential impact on real estate. Finally, design expert Melissa Dittmann Tracey shares whether painting your house white is hot or not.

Interest rates surprisingly fell last week, but what does that mean for homeowners? REALTOR® Chris Pelkola Lee explains what the lower interest rates mean to home buyers. Then, Keith Gumbinger with HSH.com shares why interest rates fell and what it means for buyers. Plus, the Chief Economist of realtor.com, Danielle Hale, examines how the sudden drop in rates might affect home sales now. Finally, design expert Melissa Dittmann Tracey shares if oversize bathtubs are hot or not.

Interest rates surprisingly fell last week, but what does that mean for homeowners? REALTOR® Chris Pelkola Lee explains what the lower interest rates mean to home buyers. Then, Keith Gumbinger with HSH.com shares why interest rates fell and what it means for buyers. Plus, the Chief Economist of realtor.com, Danielle Hale, examines how the sudden drop in rates might affect home sales now. Finally, design expert Melissa Dittmann Tracey shares if oversize bathtubs are hot or not.

It's Thursday, May 16th, A.D. 2024. This is The Worldview in 5 Minutes heard at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark Rising persecution of Latin America Christians International Christian Concern reports that churches in Latin America are facing increasing levels of persecution.  Thousands of Christians face attacks for their faith in countries like Cuba, Haiti, Mexico, and Nicaragua. These attacks often come from communist regimes, drug cartels, and violent gangs. For example, Cuba passed a law last year, putting restrictions on religious expression that criticizes the government. Pastors who speak out for religious freedom in Nicaragua face arrest. And Christians in Mexico and Haiti are facing more oppression with the rise of the drug cartels as well as gang violence. British pro-lifers march against birthday abortions Yesterday, hundreds of pro-lifers rallied outside Parliament in London. Lawmakers are considering two pro-life amendments as well as two pro-abortion amendments. The latter two would allow abortion up to birth. Lynda Rose, head of Voice for Justice UK, said, “A nation that indiscriminately and without cause seeks to kill its unborn up to birth is destroying itself. … With our callous disregard of the right to life, the United Kingdom is rapidly becoming a kingdom of death. For the future wellbeing of all, these evil amendments must be defeated.” Pro-life protestors are imprisoned In the United States, judges are handing out prison sentences for pro-lifers targeted by the Biden administration.  On Tuesday, a federal judge sentenced Lauren Handy to nearly five years in prison for peacefully blocking access to an abortion mill. Yesterday, the judge sentenced Jonathan Darnel to nearly three years in prison for his participation. A total of five activists have faced trial for the 2020 blockade in Washington, D.C. The pro-lifers' defendants are fighting back. Steve Crampton with the Thomas More Society said, “We eagerly look forward to appealing for [their] freedom, so that the Freedom of Access to Clinic Entrances Act can never again be weaponized by the Department of Justice against its ideological opponents.” Proverbs 17:15 says, “He who justifies the wicked, and he who condemns the just, both of them alike are an abomination to the LORD.” George teachers banned students from sharing Bible verses Public school teachers in Georgia banned students from sharing Bible verses. Two nine-year-old students were planning on sharing Easter eggs that contained the verses earlier this year. In response to the ban, the American Center for Law and Justice stepped in to defend the students. The Christian legal group reports they have now achieved victory for the students. They said, “The school has agreed to recognize our clients' constitutional rights to distribute religious materials, such as Easter eggs, candy canes, and anything else – even Bible verses.” Trump and Biden to debate on Thursday, June 27th President Joe Biden and former President Donald Trump are set to debate each other ahead of the presidential election this year. Both agreed to a debate invitation from CNN for Thursday, June 27. They also agreed to an invitation from ABC for September 10th. If Biden and Trump follow through on this debate in June, it will be the earliest debate between general election candidates on record. Inflation down slightly Inflation cooled down slightly last month. Consumer prices rose 0.3% percent from March to April, down from 0.4% the previous month. Year-over-year, inflation fell from 3.5% to 3.4% last month, the first decline this year. Danielle Hale, chief economist at Realtor.com, said, “The fight against inflation is not yet over, but the worsening trend observed in the first quarter of 2024 may have ended.” Drug overdose deaths dropped 3% Preliminary data suggests that drug overdose deaths in the U.S. fell for the first time in five years in 2023. The Centers for Disease Control and Prevention released the data yesterday.  Nearly 108,000 people died from drug overdoses last year. That's down about 3,500 deaths from 2022.  The 3% drop follows a 30% increase in overdose deaths at the start of the COVID-19 pandemic.  Massive solar flare And finally, the sun produced a massive solar flare on Tuesday.  It's the largest flare in the current 11-year solar cycle and the largest since 2005. This follows a week of significant solar flare activity which made the northern lights visible to people further south than usual.  Such geomagnetic storms can even cause disruptions to power and communication systems on Earth. Thankfully, the latest flare emitted from a part of the sun facing away from our planet. Psalm 8:3-4 asks, “When I consider Your heavens, the work of Your fingers, the moon and the stars, which You have ordained, what is man that You are mindful of him, and the son of man that You visit him?” Close And that's The Worldview in 5 Minutes on this Thursday, May 16th, in the year of our Lord 2024. Subscribe by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

In this episode of the Get Rich Education podcast, host Keith Weinhold explores the current state of home pricing and the housing market.  He examines whether homes are overpriced or underpriced by comparing them to historical values, gold, and bitcoin, and discusses the influence of inflation and financing on affordability.  The episode features insights from Danielle Hale, chief economist at realtor.com, on the challenges for young homebuyers, housing supply issues, and mortgage rate effects.  The conversation also covers the build-to-rent trend, investment strategies, and the importance of increasing housing construction.  Weinhold concludes by offering free coaching for building real estate portfolios. Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Welcome to GRE! I'm your host, Keith Weinhold. Home Prices Aren't Really Up! Brace yourself. A mic drop moment on real estate costs is coming.  It's an unmasking - a reality check on property prices. Are homes actually still priced too LOW today? How could that POSSIBLY be true at all? On Get Rich Education. _____________   Welcome to GRE! From Belgrade, Serbia to Belleville, Illinois and across 188 nations worldwide. I'm Keith Weinhold and you're listening to Episode 501 of Get Rich Education.   We'll get to “Are homes overpriced or underpriced today?” shortly.    But understand this…   I successfully acquired something at a young age. And you can too. That thing that I successfully got ahold of was not millions of dollars… because I came from average means.   What I intentionally and successfully acquired was millions of dollars in debt.   Yes, obtaining millions in debt from a young age… is what led to me quitting my day job while I was young enough to enjoy it.   You, the longtime listener, COMPLETELY understand and appreciate what I just said. If you're a newer listener, that sounds unusual or even irresponsible. Well, come along for the ride.    Also, a layperson - or a newer listener - would respond with, “No one talks that way, thinks that way, or does that.” - taking out millions in debt and calling THAT aspirational.   But using that debt as leverage is how you ethically take funds from the big banks - take Chase Bank's money, take Bank of America's money, take Wells Fargo's money - learn how to use it, be a responsible steward of the funds, provide good housing for people and prosper.    That means you get the return on both your down payment - and the entire amount that you borrowed from those banks. That all goes to you. And both your tenants and inflation pay the debt back - not you.   Look, I know one person. I personally know a guy - Greg. Greg makes $80K a year from his day job. Good guy, married guy, one kid.    And his NW increased by $2M just in the COVID run-up. He has a modest salary but his NW is up $2M just since 2020.   First of all, do you think that any of Greg's co-workers experienced that effect? No, he's really going down my path. You soon get unrelatable to co-workers and even some of your peers.   Well, what makes it possible for a good family guy - or anybody - to go from a middling salary to obtaining life-changing wealth?    It takes leverage. He borrowed for bank loans. That way, he could acquire 5x as much property than if he paid all cash for his rental properties.    That way, he had 5x as MANY properties… and properties all appreciate at the same rate regardless of how much equity you have in them.    See, if he had paid all cash, he'd only have a $400K capital gain. Not bad, but $2M is life-changing. Thanks to leverage.   Everyday people obtain life-changing wealth this way. It's so substantial… that it won't only affect Greg's life. If he continues on this way, it'll take care of his children, grandchildren, and great grandchildren.    And you know, maybe this is why, one of the most recurrent guests we've had here in the history of this GRE, Ken McElroy, he says:   “The best investment in RE is the one that appreciates the most, not the one that cash flows the most.” That's Ken McElroy. And now you can see why he says that.   Leveraged appreciation creates wealth the fastest. Cash flow is important and it CAN boost wealth but that happens more slowly. Principal paydown doesn't create it - it enhances it… and it's the same with tax benefits.   Deferring your tax on a 1031 means that you can re-leverage a greater amount.   Low interest rates also don't create wealth. In fact, I bought my first ever income property with a 6⅜% mortgage rate and my second income property with a 7⅝% rate - that second one had interest-only payments.    But I borrowed the maximum amount that I could without OVERleveraging. Overleverage means losing control of the mortgage and operating expenses.   The lesson here is… get the leverage.   And… case in point. Here we go…   Speaking of appreciation, the LATEST Case-Shiller Home Price Index figure came in. The US currently has… 6.4% YOY home price appreciation. Now, their index is only based on 20 cities but that gives you a pretty good idea.    In fact, that is the fastest rate of increase since 2022.   Now, if you've let equity build up in your properties to the point that they're half paid off, you had 2x leverage, meaning the 6.4% appreciation just gave you a 12.8% leveraged return on your skin in the game.   And, of course, if you leveraged with a 20% down payment a year ago, that 6.4% means that you just got a 32% return.   And as we know, these returns I just told you about are from one of just one of FIVE ways that you're expected to be paid simultaneously.   But yeah, a 6.4% higher is merely a DOLLAR-DENOMINATED price. That's what that is. Why do I say that carefully?    Well, there are a few reasons that home prices are 6.4% higher - inflation from dollar printing could be why, the value - not price - but some properties have a greater VALUE, distinctly separate from inflation.   What's the distinction there - how does this happen? What's one difference between an INFLATED price and a greater value?    Well, say that a local economy is hot because there are more high-paying jobs there now than there were last year - say an influx of medical jobs or AI jobs or chipmaking jobs.    Well, even absent inflation, a property that now has PROXIMITY to better-paying jobs - that's now a property that's more desirable.    Someone is more willing to PAY MORE FOR - and simply CAN pay more for. Again - that phenomenon is ABSENT inflation.   What's another reason that home prices rise - and rose 6.4% YOY in this case?    If better PHYSICAL AMENITIES are in new homes than there used to be - say bigger garages or new communities with pickleball courts, well, people are more willing to pay more for that.    To review, there are three reasons that home prices go higher: inflation, appreciation from value creation - like how the same home is now located closer to more high-paying jobs, and thirdly, better built-in amenities.   All three of those increase dollar-denominated price or value. They all increase the nominal price.   Now, let's pivot into the fact that “Home Prices Aren't Really Up”.    I've covered this a little before, but I'm going to go deeper today in giving you the most comprehensive look at home prices today - compared to the past - perhaps than you've ever had in your life.   Some might say, “C'mon. How can this be? Homes cost, perhaps 40% more than they did just four years ago.”   Well, I've got a mic… drop… moment… coming.   - Home Prices Aren't Really Up.   We need a good measuring stick to see what home prices are doing. So we've got to stop pricing homes in dollars for a minute. It's a poor long-term value measure.   Ludicrous inflation means the dollar has lost over 25% of its value just since 2020, and 97% of its value since 1920.   Let's use a commodity and money that has been valued for five millennia - and its physical properties have not changed one bit in allll that time, and its valued across continents and cultures - that's 50 centuries of value! That's gold.    We'll get to a more modern measure soon. But first, gold is the best one.   Now, I don't know who to credit, but for a while, there was an image floating around out there that GRE got ahold of.    It showed that 10 kilos of gold would buy you an average home back in 1920… and also, that 10 kilos of gold would still buy you an average home today… total… mic… drop… moment. Wow! Is there any better evidence that home prices are NOT up - but higher prices reflect that the dollar is down?   Actually, yes, there is a little better evidence. We ran the numbers here and learned that - it's even more astounding than that!    You run how many dollars per ounce gold is worth, that 35ish ounces are in a kilo and you look at home prices then and now and we discovered that - it's even more of a jaw-dropper…   … because in 1920 - which I'll just call a century ago - you could buy an average home for 8 kilos of gold and today, you can buy an average home for just 6 kilos of gold.   So if you want to know how much home prices have changed in the last century, they are down 25%.    They're 25% cheaper today in terms of gold - clearly a more stable value indicator than horrendously diluted dollars are.   And also, GRE made a new image that shows this - 8 kilos for an average home a century ago, 6 today. I sent you that image in our newsletter about ten days ago and that image got shared a LOT of times. Your first reaction to this whole thing could be: "Wow! That's wild. The dollar really is sooo diluted." Alright. What about home prices in terms of a popular, nascent asset that only arrived fifteen years ago, bitcoin? 2016: Average home cost $288K, or 664 bitcoins. 2020: Average home cost $329K, or 45 bitcoins. 2024: Average home cost $435K, or 7 bitcoins. So, eight years ago, a home cost 664 bitcoins and today it costs 7.  That means that home prices are down 25% in terms of gold in the last century. But they're down 99% in bitcoin over just the last 8 years. And the dropped mic keeps reverberating through the stadium. Today's homes are cheaper in gold and drastically cheaper in bitcoin.  See, it takes real world resources and proof of work to create real estate, gold, and bitcoin. None of these things are required to produce a dollar - none of them. That's why its value is approaching zero. But let's go deeper. You need more answers - you are part of a really intelligent audience.  Because you might be thinking: "Wait a second. Some other things have changed too." For real people - everyday people - aren't home prices actually more out of reach than this? That's because since 1920, home prices have risen faster than incomes. That puts them OUT OF REACH for more people. Something else has changed. A home's lot size is smaller today too - the land that comes with the property has a smaller area. Let's understand too - homes also use some cheaper materials today. For example, heavy, milled raw wood doors - the interior doors - of yesteryear have given way to molded particle board today. This is beginning to build the case - evidence - that homes SHOULD be cheaper than they are today.  Let's keep going, because there's more to consider. Mortgage rates themselves - just rates in isolation - they don't put homes out of reach at all. The long-term average is 7.7%, per Freddie Mac, on the 30-year FRM. That average goes back to 1971, when they first began tracking them.  Oppositely, you can make the case that U.S. homes should cost even more than they do today. In many advanced nations, homes are way more pricey. Even next door in Canada, they cost about 20% more than U.S. homes. Canadian salaries are lower than US salaries too - yet their home prices are markedly higher. On some levels, you're getting more "home" today in the US.  A 1920 home would feel savagely uninhabitable to you if you tried to live in one now.  Here's what I mean… In 1920: 1% of homes had electricity and full plumbing. Today: 99% of homes have electricity and full plumbing. What I mean then, by savagely uninhabitable, is enjoy walking to the outhouse in the middle of the night when it's 35 degrees. Then there's size: 1920: The average home had 242 sf per person. Today: The average home has 721 sf per person. Because today, family sizes are smaller and homes are way larger too. Today's amenities would be unthinkable in 1920—walk-in closets, roofs with R38 insulation, double-paned thermal windows, smart thermostats, voice-controlled lighting, quartz countertops, and Kitchen Aid appliances. Maybe even a security system. They're all things that homes have today. Gosh, even the fact that you have a garage - a HEATED garage even, finished basement, air conditioner and modern washer-dryer would leave 1920 homeowners dumbstruck with their mouth agape—maybe even flabbergasted. Those old folks from yesteryear wouldn't believe all that you get with a home today. Yet that 1920 home would have cost you more in gold, than today's more sizable homes with all their plush amenities. Now, when it comes to - though home prices aren't up, are they more “out of reach” for the average American?” Over the past five years, they ARE - because home prices have now risen faster than incomes over THAT stretch. But another BIG reason that homes are SUBSTANTIALLY more affordable today than they were in 1920 is… financing terms.  Today, you can make a down payment for between 3% and 20% on a home. Do you know what loan terms were like in 1920? You had to make a 50% down payment and then had to pay off your mortgage in 5 years.  Can you IMAGINE if that were the case today? How many people could put 50% down on a home today and then pay off the balance within 5 years. Virtually nobody. That's why homes are more within one's grasp today. Overall, you can see that there are a lot of countervailing factors here… tempering that it took 8 kilos of gold to buy a home a century ago, and it just takes 6 kilos today.  The bottom line here is that, long-term, real home prices aren't up. Dollars are down because they've been printed like crazy.  From today, nominal home prices could keep rising for years.     Dustin on social had a funny comment about this - “How many baconators from Wendy's would it take to buy a home today?” Ha!    I don't know. I guess that's a hamburger - I don't go to Wendy's. Maybe then, a home costs 60,000 baconators today.    Coming up straight ahead - what will happen first - a $750K median-price home, $100K bitcoin, or $5K gold.   Also, what's perhaps the biggest trend in real estate investing that not enough people are talking about - and how you can make money from it… and more… all next - I'm KW. You're listening to Get Rich Education.  ______________   Welcome back, to Get Rich Education. I'm your host, Keith Weinhold.   On our latest GRE Social Media Poll, we ran this question.   What will happen first?   The median home value hits $750K. Bitcoin hits a $100K price. Or… Gold hits $5K.   I'll give you the result, but what do you think? Again, which one of these three things will happen first?    The median home value hits $750K. Bitcoin to $100K. Or… Gold hits $5K.   The results across both LI and IG were pretty similar - sometimes you get differences there, as LI is a more professional audience.    One voter in the poll also commented - it's syndication attorney Mauricio Rauld, who we've had here on the show before.    Mauricio said: I think assuming Bitcoin doesn't collapse, it probably makes a run to $100K in the next few years (who knows, could be next few months). But with the median home, at 10% a year, it would take 6 years to hit $750K so that is a decade away. That's his thought - sounds reasonable.    The poll RESULT is: Bitcoin will hit $100K first. That was most likely, with 57% of you answering that. That makes sense since its volatile and close to striking distance.   The median home value will hit $750K finished 2nd. 26% of you said that.   And gold up to a $5K price got just 17% of the vote. That makes sense since gold prices would have to about double from here.   You can always join along in the conversation and polls. We are really easy to find - because on virtually every social platform - Facebook, Instagram, LI, YouTube - we ARE: “Get Rich Education”.   Over on the Get Rich Education YouTube Channel, I recently covered how the Fed is overseeing a “Tug of War” between inflation and a recession. They don't want the game to end. The Fed is trying to keep the game going.    They don't want participants on either side falling into a pit in the middle of the Tug of War game between inflation and a recession. They don't want either side to win. If one side wins, the Fed loses.   This “Tug of War” game is really a great way to understand how the Fed works, how they control your money, and what their motivations are. A video about that is on our YouTube channel - where you get the visual of the Tug of War game between inflation and a recession.   That's just one example of how that content is often different from what you're hearing now. Get more… on our YouTube Channel… called “Get Rich Education”.   The homeownership rate just fell again a little, quarter-over-quarter, increasing the number of renters and rental demand, which I expect will only continue. From CNBC, Realtor.com's Chief Economist Danielle Hale tells us more. Let's listen in. It's about why the housing market is pretty dire for young Americans, then I'll be right back with some key commentary on this. Yeah, there in Economist Danielle Hale's interview - if mortgage rates go higher, inventory pulls back and we tend to see modest HPA. Most agree that if mortgage rates go lower, we'll see RAPID HPA.   She also just keeps exposing what we all know. “We need to build more housing”.   A brand-new home constructed with a renter in mind, sold to an investor, is known as build-to-rent housing. You'll see it abbreviated BTR. It's usually single-family.   Some abbreviate it B2R. These must be the same people that say H2O instead of water.    It's become massively popular.   Despite an overall housing shortage, last year, a record 27,495 BTR homes were completed.    That's up 75% from the prior year and up an astounding 307% since pre-pandemic deliveries back in 2019.   So what's driving the build-to-rent trend? Locked into low mortgage rates, existing homeowners won't sell. So, instead, new inventory must be constructed. More overall housing demand than supply. Wannabe first-time homebuyers cannot afford homes today. Renting a BTR is next best. National BTR occupancy is over 96%. BTR operates similarly to apartment buildings under property management, yet offer a single-family living experience.   Some of these communities have: leasing offices, pools, and fitness centers.   The homes themselves often have: luxurious modern finishes, garages, and fenced backyards.   What's in it for investors? How do you make money with BTRs? 5% mortgage rates* (I'll get back to that in a minute) A long-term ownership focus, generating revenue over time rather than immediately Tenants have a house-like feel. Expect 3+ years avg. tenancy duration. Mgmt. fees are low because all houses are the same and all in the same area too BTR purchase prices are HIGHER than resale property. You will pay more. Expect better appreciation than resale property The rent range is often $1,500 to $3,500 You can expect low maintenance. It's new. Builder home warranty So there are a ton of factors that give build-to-rent investor appeal. Really, 5% mortgage rates? Yes. Here at GRE, we can introduce you to some BTR homebuilders that will buy down your rate for you. One is lowering it to 4.75%.    I encourage you to get that incentive now, because when mortgage rates fall substantially, I don't expect these national and regional homebuilders to keep giving you the rate buydown.    Sorry J-Pow. This kinda makes your next Fed rate decision… seem pretty irrelevant.   It's a great rental model to pursue and an amazing time to do it with the rate buydowns. I wish BTR would have existed when I began as an investor.   You really didn't start hearing about BTR at all until about ten years ago.   Now, I appear as a guest on other business and investing shows. Quite a few times, the host asks me where the REI opp is today.    The answer that I've been giving is that it's with build-to-rent properties and these rate buydowns.   An income-producing asset is like your employee that's working for you—but without the personality problems. The property is also working for you 24/7.    Besides just helping you find the best BTR deals today, we can help set up an entire real estate investment portfolio plan for you.   -We can help build an income-producing RE portfolio for you with our free coaching. Truly free.    Now, if you're new here, you might think that we're trying to sell you something - and we aren't.    The way it works elsewhere is that some people get attracted to the free thing and then once you're on the phone or Zoom or free live, in-person event, they're going to try to sell you their better PAID coaching or some online course for a fee.   We don't even sell coaching or sell a course. This is free no-strings, no upsell, no catch coaching.    OK, it's sort of the opposite of your auto dealer calling you about your extended warranty - an overpriced item that you don't want. Ha! If you want to buy something from GRE, you can't because we don't even have anything to sell you. We are here to help!    Also, I have no problem with companies selling paid courses or paid coaching - not at all. Some courses are worth paying for. It's just not what we do or have EVER done here.   But see, buying real estate that you own directly is still not as simple as just finding a keyboard and pressing: Ctrl, alt,  Deal.   So that's why our Investment Coaches help you learn your goals, and navigate the process. Then you'll want to keep in touch with your coach because the best deals are often changing.    For example, you might think that you want to buy income property in, just say, Alabama, because its prices haven't run up as much as they have in Florida.   But we keep regular lines of communication open with build-to-rent homebuilders nationwide… and say there's a new community, in, Florida, where the real deals are going to be for the next few months…    …and though you still like Alabama, you like how Florida is growing faster so you end up going there.   Or there's better cash flow with some BRRRR strategy properties in say, Ohio, that we have that your coach informs you about.    So, I encourage you. Get & maintain a line of communication with your GRE Investment Coach.   To review what you learned today:   Leverage is THE most powerful wealth creator.   You can make the case that homes are NOT overpriced today. Home prices aren't up; the dollar is down.   No one knows the future. But there is ample room for more home price growth.    Build-to-Rent property keeps increasing in popularity… and investors can get mortgage rates on them as low as about 5%.   To contact an investment coach, it's free, start at GREmarketplace.com.   Until next week, I'm your host, KW. DQYD!

How can you find success in the spring real estate market? J. Lennox Scott, CEO of John L. Scott Real Estate, shares how to be buyer-ready and why you should get completely underwritten to make the best offer. He also does the math and explain why buying today instead of waiting for interest rates to drop is most likely the smart choice. Danielle Hale, chief economist at realtor.com®, shares why they are forecasting a "favorable" and "promising" spring market, with increased housing inventory. Melissa Dittmann Tracey tells us if red is a hot paint color for walls and Kris Kiser, CEO of the TurfMutt Foundation, discusses their "5 Messages Your Yard Sends Potential Home Buyers" report.  

How can you find success in the spring real estate market? J. Lennox Scott, CEO of John L. Scott Real Estate, shares how to be buyer-ready and why you should get completely underwritten to make the best offer. He also does the math and explain why buying today instead of waiting for interest rates to drop is most likely the smart choice. Danielle Hale, chief economist at realtor.com®, shares why they are forecasting a "favorable" and "promising" spring market, with increased housing inventory. Melissa Dittmann Tracey tells us if red is a hot paint color for walls and Kris Kiser, CEO of the TurfMutt Foundation, discusses their "5 Messages Your Yard Sends Potential Home Buyers" report.  

How do you make the best offer to land your dream home? REALTOR® Pat Vredevoogd walks us through the process of writing a winning offer. From price to possession, from contingencies to earnest money, she explains what a buyer should include if they want to win the house. And for sellers, Pat explains what to look for in an offer and explains why price isn't always everything. Peter Gallo, owner and chief appraiser at HomeSight Appraisal, explains the appraisal process and what it means to buyers, sellers—and the lender. Danielle Hale, the chief economist at Realtor.com, walks us through “The Best Markets for First-Time Homebuyers in 2024” report. This fascinating study examined U.S. markets through the eyes of first-time buyers, looking at home availability, affordability, and price, as well as employment opportunities and the cost of living. Also, Melissa Dittmann Tracey talks about the color beige and the traditional herringbone patterns. Are they hot—or are they not?

How do you make the best offer to land your dream home? REALTOR® Pat Vredevoogd walks us through the process of writing a winning offer. From price to possession, from contingencies to earnest money, she explains what a buyer should include if they want to win the house. And for sellers, Pat explains what to look for in an offer and explains why price isn't always everything. Peter Gallo, owner and chief appraiser at HomeSight Appraisal, explains the appraisal process and what it means to buyers, sellers—and the lender. Danielle Hale, the chief economist at Realtor.com, walks us through “The Best Markets for First-Time Homebuyers in 2024” report. This fascinating study examined U.S. markets through the eyes of first-time buyers, looking at home availability, affordability, and price, as well as employment opportunities and the cost of living. Also, Melissa Dittmann Tracey talks about the color beige and the traditional herringbone patterns. Are they hot—or are they not?

Realtor.com's chief economist, Danielle Hale, shared a study revealing that, on average, agents can expect less than three listings per year.

What can be expected in the winter real estate market? REALTOR® Kevin Sears from Springfield, Massachusetts explains how low housing inventory is still impacting demand and what buyers and sellers are including in a winning offer. Keith Gumbinger from HSH.com shares the latest on interest rates and how it's impacting home loans. Danielle Hale, realtor.com's chief economist, discusses their 2024 Housing Forecast and what markets are expected to see the largest growth in home prices. And Melissa Dittmann Tracy talks about the 10 worst home design trends of 2023.

What can be expected in the winter real estate market? REALTOR® Kevin Sears from Springfield, Massachusetts explains how low housing inventory is still impacting demand and what buyers and sellers are including in a winning offer. Keith Gumbinger from HSH.com shares the latest on interest rates and how it's impacting home loans. Danielle Hale, realtor.com's chief economist, discusses their 2024 Housing Forecast and what markets are expected to see the largest growth in home prices. And Melissa Dittmann Tracy talks about the 10 worst home design trends of 2023.

Luxury housing markets in secondary cities in the northeast, such as Portland, Maine, and Providence, Rhode Island, fared well in the third quarter as demand stayed strong despite low inventory and rising borrowing costs, according to the third-quarter Emerging Housing Market Index from The Wall Street Journal and Realtor.com. But the index had "a little something for everyone," according to Realtor.com chief economist Danielle Hale. Join Mansion Globla, Hale and market experts for a discussion of the hottest markets and a look-ahead to 2024. 

What does it take to buy a home? We'll go to buyer boot camp with REALTOR® Cheryl Malandrinos from Massachusetts who explains real estate terms like contingencies and clean contracts. REALTOR® Natalie Davis from Colorado shares what steps renters can and should take to become home buyers. Danielle Hale goes over realtor.com's “The Hottest Zip Codes of 2023” report to see which parts of the country are doing well. Also, Melissa Dittmann Tracey shares whether brutalism home decor or the man cave is hot or not. This episode of Real Estate today is brought to you by realtor.com, the #1 most trusted site for real estate professionals. Your partners for industry insights and marketing solutions.  

What does it take to buy a home? We'll go to buyer boot camp with REALTOR® Cheryl Malandrinos from Massachusetts who explains real estate terms like contingencies and clean contracts. REALTOR® Natalie Davis from Colorado shares what steps renters can and should take to become home buyers. Danielle Hale goes over realtor.com's “The Hottest Zip Codes of 2023” report to see which parts of the country are doing well. Also, Melissa Dittmann Tracey shares whether brutalism home decor or the man cave is hot or not. This episode of Real Estate today is brought to you by realtor.com, the #1 most trusted site for real estate professionals. Your partners for industry insights and marketing solutions.  

Do you want to know the best way to sell your house this fall? Chief Economist at realtor.com Danielle Hale examines what home buyers and sellers can expect in the real estate market over the next few months. REALTOR® Kristina Rhodes from Evansville, Indiana shares what a home seller should look for in an offer, the importance of possession and why location, condition, and market are the three keys to a successful real estate sale. Also, REALTOR® Michael Labout from Colorado Springs, Colorado talks about the importance of curb appeal and why it's important to make sure your home's exterior and landscaping is clean and looks beautiful. And don't forget to look at the roof. Also, Melissa Dittmann Tracey shares what Halloween decorating trends are hot or not.

Do you want to know the best way to sell your house this fall? Chief Economist at realtor.com Danielle Hale examines what home buyers and sellers can expect in the real estate market over the next few months. REALTOR® Kristina Rhodes from Evansville, Indiana shares what a home seller should look for in an offer, the importance of possession and why location, condition, and market are the three keys to a successful real estate sale. Also, REALTOR® Michael Labout from Colorado Springs, Colorado talks about the importance of curb appeal and why it's important to make sure your home's exterior and landscaping is clean and looks beautiful. And don't forget to look at the roof. Also, Melissa Dittmann Tracey shares what Halloween decorating trends are hot or not.

As the Fed continues to raise interest rates, what is the outlook on housing? Join James and Keith on this episode of Real Estate Insiders Unfiltered as they welcome Danielle Hale, the esteemed Chief Economist at realtor.com. Together, they delve into engaging discussions about a wide array of topics, including interest rates, affordability, birth rates, climate change, and housing inventory. Get ready for an entertaining and informative conversation you won't want to miss!   Click here to check out the latest research Danielle and her team do at realtor.com.   Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube - Facebook - LinkedIn - TikTok. This podcast is produced by Two Brothers Creative 2023.

This month we'll be joined with realtor.com®'s Chief Economist, Danielle Hale. Danielle is responsible for developing and translating real estate trend data into consumer and industry insights.  Join us this month for a special look at current economic trends that will help explain the driving forces behind our real estate market. We've brought in the industry's leading voice to help you understand the landscape of economic trends in 2023!

The St. Louis metro topped the first-quarter WSJ/Realtor.com luxury housing market rankings. Agent Janet Horlacher, Realtor.com's Danielle Hale and Mansion Global's Beckie Strum chat about the Midwestern city and other trends in the luxury market.

Homeownership can make housing costs predictable and build generational wealth. Utah REALTOR® and 2023 NAR President Kenny Parcell explains the benefits of owning a home. Realtor.com chief economist Danielle Hale discusses the current homeownership rate in the United States, possible reasons why it's currently at a standstill, and what she values about being a homeowner. Keith Gumbinger from HSH.com clarifies when a home buyer becomes a homeowner. Also, NAR's Ken Fears analyzes the rule changes to Fannie Mae and Freddie Mac mortgage fees to give us the facts on what the changes mean for homeowners and home buyers. And what is soft spring aesthetic and is it a hot home trend? Melissa Dittmann Tracey shares what's HOT or not in home design.

Homeownership can make housing costs predictable and build generational wealth. Utah REALTOR® and 2023 NAR President Kenny Parcell explains the benefits of owning a home. Realtor.com chief economist Danielle Hale discusses the current homeownership rate in the United States, possible reasons why it's currently at a standstill, and what she values about being a homeowner. Keith Gumbinger from HSH.com clarifies when a home buyer becomes a homeowner. Also, NAR's Ken Fears analyzes the rule changes to Fannie Mae and Freddie Mac mortgage fees to give us the facts on what the changes mean for homeowners and home buyers. And what is soft spring aesthetic and is it a hot home trend? Melissa Dittmann Tracey shares what's HOT or not in home design.

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

I get political today. But first, I discuss jobs. How far will home prices fall? Innovation creates jobs. It does not destroy jobs. American innovation is one reason that we added over a half million new jobs just last month. All this new job growth and a robust GDP reading will keep us out of a recession for the next few months, maybe much longer. Both the US median home price (Case-Shiller) and inflation peaked last June.  The US median home price fell 2.5% from its peak.  Where are they falling? Where are the rising? We explore experts' outlook for home prices. Five expert opinions all range from 2023 home prices rising 5% to falling 4%. Volatile, coastal markets are correcting down a little. Many stable markets in the Midwest and South are stable or rising a little. Beware of those that say, “It's never been a better time to buy real estate.” That's wrong. 2012 was better. 2021 was the worst time to buy real estate recently. Even these past few years, and today, it's hard to find a better place to put your investment dollar than carefully-bought income property. This won't last long. At GREmarketplace.com now, providers are often giving buyers 2% of the purchase price as cash at the closing table and free Property Management for two years. Resources mentioned: Show Notes: www.GetRichEducation.com/436 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWB I'd be grateful if you search “how to leave an Apple Podcasts review” and do this for the show. Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Welcome to GRE! From ANNapolis, MD to Santa ANA, CA and across 188 nations worldwide. I'm Keith Weinhold, Forbes REC member and founder of this very platform here… and this is Episode 436 of the Get Rich Education audio podcast.   If you'd like to watch me on video, check out the Get Rich Education YouTube Channel.   But our audio show, right here, is our most popular platform.    Is the world trying to tell me that my voice is better than my face, then? That's what I'm starting to think. Ha!   ARE American home prices are falling. How bad is it? When did it start? And when will it stop? I'm going to answer all of that in just a bit.    Last week, I mentioned that a strong GDP report has told so many permabears and gloomer-and-doomers that they were wrong about being in a recession by now.   And gosh… the latest Jobs Report came in after that and it just added insult to injury for all these permabears - meaning those that are permanently bearish - permanently making dire predictions about the economy & housing.    And, even if you're listening to this show years from now, this is how you know that a recession is NOT at all imminent.   The whopping 517,000 new jobs added last month nearly tripled expectations.    Still... I wonder if constant rumors about a coming recession will drag on longer than the fake meat fad.   These recession rumors keep getting stirred up.   Now, when it comes to jobs. You care about that a lot as a REI. You need your tenant to have a job in order to pay you the rent.   The number of American jobs saw their recent low in 2020. In fact, they fell into a deep trough - a BIG dip back then.   That was the pandemic shutdown. People had to stay home. The government paid workers to stay home. Maybe you were paid to say home then - about three years ago.   Well, that means that a lot of goods weren't being produced in 2020. Many services weren't being produced either.   Well, when MORE stimulus-fueled dollars began chasing FEWER goods, that's exactly what began stoking the inflation fire for the next few years, right up to & including now.   That's where the monetary inflation came from.   That's why I've regularly been paying $8 for a bottle of good quality salad dressing.   Aren't you doing some of these things?   Yeah! Hey, what's wrong with you? In today's polite society, you aren't adding a 25% tip for your $6 bottle water?    No, I hope you're not. I'm not doing THAT yet. Ha!   Well, that was when jobs cratered, in 2020. By today, with all of these American jobs roaring back, total jobs are now 2.7 million above pre-pandemic levels. There's now just a 3.4% unemployment rate.   That is just really hard for the doom-and-gloomers to deal with.    That's the GOOD news.    Though more jobs are good news, it's not all good.     The bad news here is that strong employment means more inflationary pressure.    To that point, Jerome Powell recently said that Americans should expect a couple more interest rate hikes to keep combating inflation.   Not everything is all good in the good ol' USA. I mentioned some of the economy's other problems last week.   But what's the reason for all this job creation? Why is this happening in America?    In a word, it is American innovation.   Innovation creates jobs.   Now, there might have been one point in your life when you thought that innovation DESTROYS jobs - like, for example, with the fact that today's bank tellers and grocery store cashiers are disappearing.    Innovation does not destroy jobs. Innovation creates jobs. We'll like at why shortly.    But first, the Global Innovation Index was released and it shows that America is the 2nd-most innovative nation in the entire world.   Yep, of 193 UN-recognized world nations, the US is only second to Switzerland.   People have falsely believed that innovation destroys jobs since before the tractor replaced horses and mules.    Yep, last century, one new tractor replaced five horses or five mules and that meant that it soon took fewer farmers to feed the animals, because fewer animals were needed.   For the ultimate result & outcome, look no further than where you are today. We are more technologically advanced than at any time in human history.   The result is that we have 11 million more jobs than available workers. It's kind of the opposite of unemployment.   Innovation is what got us here.   Twenty years ago, no one could have foreseen ALL of today's new job opportunities as a: drone operator, quantum machine learning analyst, YouTube creator, a podcaster, social media director, app developer, information security analyst.   New jobs that didn't exist before, like a digital marketer, TikToker, metaverse wearables developer, and on and on.   Well, that right there is evidence that in twenty years, it's hard to foresee what new jobs WILL exist that don't exist today. But they WILL be created.   Even eBay, which some regard as a “digital yard sale” company - though they're more than that. But eBay just announced new hires for Web3 and NFTs—those fields barely existed two years ago.   In a few years, when self-driving cars replace Uber drivers, those driver jobs will simply migrate to better-and-higher uses, just like it did for jobs of a bygone era like telephone switch operators & travel agents & bowling pin boys & and elevator lift attendants.   But people will still fear for the "loss of jobs". Don't fear for a loss of jobs. Fear for a loss in innovation.   American innovation drives all this job growth.   So the fact that we aren't having a recession anytime soon is really frustrating for all the permabears. I wouldn't totally count it out that we could have a mild recession LATER this year. But not soon.   Politics is another sad reason that people create gloom & doom-type of media.   Some people wanted to WISH a recession into existence since last year, especially leading up to last year's mid-term elections because they wanted to sow seeds of fear because they didn't like the political party in power.   People think that if they can just convince enough people that there's a recession, then they can topple the current administration.   Then if that incumbent administration gets toppled and THEIR people are now in power, even if it doesn't change anything in the economy, that same recession-promoter will stop promoting a recession because they got their political wish. It's politically-driven.   I don't do that here. I don't do left-right politics. Instead, I do up-down. Up is integrity. Let's go up.   I first heard that up-down framework from Dr. Chris Martenson - someone I really respect. We had him on the show a couple times here.   How do you do up-down instead of left-right? Follow people that you disagree with on social media for some new perspectives.    Trying watching some YT channels that you don't agree with. Even delete your YT history & start over if that does the trick.   Today's suggested video and social feeds can often keep people in one narrow “think” silo.   So two big reasons that crash bros have been wrong are discounting American innovation and being blinded by politics.   OK. Well... so what? I mean… really… like… who cares?   What if gloomer-and-doomers plow ahead with more fear-mongering headlines like: "giant crash ahead", "total market collapse" or "massive depression coming"?   How does that really hurt anyone?   Like I briefly mentioned last week, it matters because it keeps us living in fear.    Your brain's amygdala is wired to be stimulated by danger, alerting your nervous system.   Has all that dreary material from some other sources talking about crashes and depressions and collapses even made you want to... quit your daydream?   You'll never get that lost time back.   Permabears rarely admit that their dire predictions were wrong. They'll just go on making more intransigent apocalyptic forecasts in order to get clicks.   People have been predicting the end of the world exactly since... the beginning of the world.   Let's bring some balance here. Let's talk about both the bad news and the good news.   If you & I believed all the bad news, a meteor would have plummeted from the sky and struck us both dead by now.   That's why some people with their constantly dire predictions want you to think.    It's the old school media notion of “If it bleeds, it leads.”   Don't believe for one second that I think that America's powers that be are all 100% responsible & looking out for your best interest.    Janet Yellen recently said: “You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.” Yes, that's what Treasury Secretary Janet Yellen said, who, as longtime listeners know, I have called “Grandma Yellen” because she looks like my late Grandma Weinhold.  C'mon - she just looks like a Grandma. Nothing wrong with that - she looks like a sweet ol' grandma. I've definitely disagreed with her in the past. That is, I've disagreed with Yellen, not my Grandma. Ha! But Yellen is right on this one.  And yes, Yellen works for the president. But she's not the only one who's starting to see the possibility of a recession becoming less likely. Economists at Goldman Sachs lowered their estimate on the possibility of a recession in the next year from 35% down to 25%, and that is thanks to the strong labor market. A 25% chance of a recession this year, though some forecast it higher than that. Speaking of the President, I was hoping that one Joseph Robinette Biden, Jr. would have talked about housing more in last week's SOTU address that he delivered. In any case, the strong labor market is keeping us out of a recession. And MY take is that job strength is underscored by a legacy of continued American innovation.   But we won't play the Star-Spangled Banner again this week like we did last week… emmm because some of those jobs are part-time jobs.   Coming up straight ahead - some bad real estate news - what about those falling American home prices?   Learn more about GRE and how our mission helps you achieve financial freedom - not debt freedom - but something more important - financial freedom - at our educational website, GetRichEducation.com   Follow Get Rich Education on your favorite social media platforms - Instagram, TikTok, Facebook, LinkedIn, Twitter and YouTube.   On most every social platform, our name is Get Rich Education. Pretty easy to remember! We are easy to find on social.    Might I first suggest our YouTube Channel.    That's where you'll get some great, free in-depth learning, including where we're about to release a video of me shopping in grocery stores in various US states - yes pushing a shopping cart through the aisles - for evidence of inflation and what that means to you. Look out for that on our Get Rich Education YouTube Channel.   More straight ahead. I'm KW. This is GRE.  _________________   Last week, I told you why I don't expect our core markets to see much price movement in the near term.   By our core market, that's residential properties that are lower-middle class up the median in the US Midwest & South - which I call the stable markets - as opposed to the volatile, coastal markets.   As a real estate investor, you may very well care about the state of rent growth and occupancy rates so prices might not be the #1 thing, but they still matter to you.   Well, both US home prices and inflation BOTH peaked in June of last year.   The fact that last June was the peak of US home prices is per the widely-cited Case Shiller National Home Price Index.   And since then, national home prices have corrected back… 2.5%. Yes, down two-and-a-half percent from their price zenith, eight months ago.   Yes, a rare period where home prices have NOT appreciated.   Redfin recently told us that of the 50 most populous cities in the nation, the 10-11 that have fallen the most over the past year (so this is annualized here) - and I'm just rounding to the nearest whole percent here are:   San Francisco - home values are down 10% YOY   Sacramento, California: down 6% San Jose, California: down 6% Los Angeles, California: -5% Oakland, California: -4% Seattle, Washington: -4% Pittsburgh, Pennsylvania: -4%. I'm a little surprised at Pittsburgh. I just visited Pittsburgh a few months back and I don't know why they're down 4%. I might research this. Austin, Texas: down 3%. Not a coastal market, but a market that overheated in the pandemic runup. New York City -3%. Phoenix, Arizona: -2% Let's get an 11th city in there with Boston, Massachusetts: -2% Alright, so, it's chiefly volatile coastal markets that have experienced the price correction to this point. Most of those are mild. The only one down more than 6% is SF at 10%. But how far do they fall… in those high-priced, volatile, mostly coastal markets. And, hey. You can go back to this show from its beginnings in 2014 and 2015 and this is why I told you that we avoid the high-priced, volatile markets here - most of them coastal. They don't cash flow.  Their values aren't stable, and their LL-Tenant laws don't favor REIs at all. This is just what I've been talking about for over 8 years now - all on record - right here on this show. Alright, well that's backward-looking. For some forward guidance, I told you about MY price forecast last week.    Here's what some OTHER influential figures have to say about the future direction of the national median home price for this year:   CoreLogic expects a 2.8% increase.   Deputy Chief Economist at Redfin, Taylor Marr is forecasting a 4% drop in the median home price compared to 2022.    Chief Economist at Zillow, Skylar Olsen expects a more modest 0.5% decline.    NAR Chief Economist Lawrence Yun thinks prices will stay even, with no appreciable gain or loss.   And finally, Danielle Hale, Chief Economist at Realtor.com expects a 5% INcrease in home prices.    So, right there, with that panel of five economists, there's a national HPA expected range for this year of -4% to +5%.   Now, I talked about the worst appreciating major markets & the national numbers.   How about the big-city real estate markets that have continued to appreciate & expect to continue to this year?   The Top 10 are just about all in the eastern half of the United States, expected to appreciate anywhere from 2% to 8%. In no particular order, they are:   Charlotte Cleveland Tampa Dallas Nashville Jacksonville Kansas City Miami Atlanta Philadelphia Though mortgage rates have hit a five month low, now near 6%, you know, I think that MORTGAGE RATE direction is more difficult to forecast than home prices are.   But I'll tell you, at this point, I will advise you that mortgage rates have more upward pressure on them than downward pressure since there's high job growth.   High job growth can keep inflation buoyant so that makes the Fed want to keep hiking rates.   So, in summary. Home prices expect to stay stable or perhaps rise just a touch in many stable Midwest & South markets, and they probably have further to fall in high-priced markets, many of which are coastal markets.   Jacksonville, FL is one notable exception. That is one major coastal market that usually behaves like a stable market and has good cash flow.    Jacksonville is one coastal place that I like for investors.   Real estate has been more attractive to buyers this year, compared to last year as evidenced by the increase in purchase applications.   But for anyone that says that it's never been a better time to buy real estate. I don't believe that for a moment.   NEVER been a better time?   2012 was a pretty awesome time to buy real estate. That was about when prices hit some sweet lows. But those prices are never coming back.   I'll tell ya, when do I think was the WORST time to buy real estate in the recent past? It was 2021. That's when the housing inventory was so low and everyone was competing for houses and you had to drop so many contingencies that sometimes you had to feel like you better waive your home inspection (which is not something that I recommend). 2021 is when you often had to pay all-cash to compete against a horde of bidders. That's bad. That means you've got no leverage. And 2021 is when you often had to offer over asking price. 2021 had choppy seas for buyers. But it was a good year for sellers. And you know, even in 2021, with it's challenges, you would be hard-pressed to find a better investment than real estate when it's carefully-bought income property.  That's still where you would have a strong risk-adjusted return, buying in the stable, cash-flowing markets where we do. We're talking about “Real Estate Pays 5 Ways” type of properties - yeah. A San Francisco row house in 2021 that you had to pay all-cash & $100K over offer price for? No, not a good strict financial investment. But today's market - now you've got more inventory and you have these incentives that more & more income property providers are offering you like I mentioned last week. I want to mention them again because they are so special, they don't often exist in the marketplace.   There are three ways you can save thousands of dollars in today's real estate market.   These three incentives - you can't get them from every provider at GRE Marketplace. But this is now common. Ask about them.   1 - Many sellers are crediting buyers like you 2% of the purchase price at the closing table. You can use this to buy down your interest rate if you want to.    So on a $250K income property purchase, that's $5,000 cash to you at the closing table.   I don't know how long this incentive will last. Because though mortgage rates have fallen a full 1% from their peak, you're still getting cash at the closing table to buy your rate down.    The second incentive is free property management for up to 2 years.   If you don't have to pay a PM fee, that can increase your cash flow by about $150 each month - or more - on every one of your properties.   I don't know how long that one will last.   3 - Rent guarantee. This means that if your property is vacant, the seller pays rent to you until the property is occupied.   That third one - the rent guarantee is the only one that I would expect will last long-term.   On your next income property purchase at GRE Marketplace, be sure to ask about these incentives.   If you're listening to this episode in the distant future, they're probably not going to be there anymore… then just, take this as a point of historical context.   Understand that GRE Marketplace is not like a big box store. It's more like an organic farmer's market where we help match you with experienced property providers.   And much like an organic farmer's market, check back regularly for new offerings. It's a vibrant market. And you see all those markets in the Midwest & South there. Check back every few weeks.   To help you out, we actually video-interview the PMs in most markets on that page.   Yes, with today's incentives, your PM could be like your unpaid servant for two years - ha! We interview them right there on Marketplace to give you a good feel for them.   Wealthy people's money either starts out in RE - or ends up in RE. And I really wish that a resource like GRE Marketplace existed when I began investing in RE. I had to figure out so much by myself then.   It is still free. There is still zero subscription fee. GREmarketplace.com is still a completely free service to you. Create one login and get access to all providers at GREmarketplace.com.   Next week, a show unlike any we've ever had before. I'm Keith Weinhold. DQYD!

In this Real Estate News Brief for the week ending November 5th, 2022... the Fed's latest rate hike, why the housing inventory is surging, and what one big bank is doing to help landlords collect rent.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 jumbo rate hike by the Fed. For the fourth time in a row, the central bank raised the Federal Funds rate by three-quarters of a point. That brings the short-term rate to a range of 3.75 to 4%, which is the highest it's been in 15 years. And the Fed says that rate hikes aren't over. They will continue until inflation comes back down to about 2%. Fed Chief Jerome Powell suggested that smaller hikes of a half or quarter point “are coming” and that at some point “it will be appropriate to slow the pace of increases” but they are now expected to top out around 5% before the Fed accomplishes its goal. (1) (2)Economists are keeping an eye on the job market as the economy slows, but initial jobless claims were down slightly this last week, to 217,000. Some economists had expected a higher number, but the job market remains strong. The number of continuing claims also remains near a 50-year low, but they were up 47,000 to 1.49 million. Job creation numbers were a little slower, but not slow enough to help control inflation. Meanwhile, the unemployment rate rose from 3.5% to 3.7% which shows that the labor market has gotten a wee bit smaller. Powell says it's still out of balance with too many job openings and not enough people to fill them. (3) Construction spending rebounded in September. The Commerce Department says it rose .2% after a .6% decline in August. Those figures include a .3% gain for multi-family construction and a 2.6% decline for single-family projects. Homebuilders are pulling back on single-family homes as higher mortgage rates scare buyers away. The year-over-year rate for construction spending is 10.9%. (4) Mortgage Rates After topping the 7% level, Freddie Mac says the average 30-year fixed-rate mortgage was down 13 basis points, to 6.95%. The 15-year was down 7 points to 6.29%. (5)In other news making headlines...Housing Inventory Hits Two-Year HighThe nation's inventory of for-sale homes is now the highest it's been in more than two years. Realtor.com says that new listings are down more than 15%, but that active listings are up 33.5% because homes are sitting on the market longer. Realtor.com's chief economist Danielle Hale says homes spent a median of 51 days on the market in October which is six days more than October of last year. (6)Unfortunately for buyers, it's not making it any easier to afford the high price of purchasing a home. The median price of a home is up 13.3% year-over-year along with higher loan costs. Hale says: “Home shoppers are looking at a monthly mortgage payment that is roughly $1,000 higher than at this time last year.” Global Construction to Rise 60% in 15 YearsWhile the U.S. housing market has slowed down substantially, there's a new report estimating a 60% increase in global construction over the next 15 years. The Global Construction and Infrastructure Group says that climate change will drive a lot of that construction, creating new industries and job opportunities. (7)Construction economist Graham Robinson told Strategic Risk: “With the built environment accounting for almost 40% of all greenhouse gas emissions globally, the transition to clean energy and new resilient infrastructure will boost growth for construction.” Various reports show that the climate crisis has put an enormous number of homes at risk. Climate Central says an estimated $34 billion of coastal real estate could be flooded on a regular basis sometime in the next three decades. A Redfin analysis claims that more than half of all homes in the last decade are at risk of wildfires, and almost half of all homes are at risk of drought.Ditching the Rent ChecksJP Morgan Chase wants to be your property manager. The banking giant launched a new property management platform for multi-family landlords. The software will send out invoices and accept rent payments from tenants. (8) Although some landlords are using digital payment systems right now, the bank says that more than three-quarters of all rent checks are still being paid by check. Many tenants reportedly say the only reason they still have a checkbook is to pay their rent.The software also provides tools for tenant screening and determining how much rent you should charge.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. We provide hundreds of webinars, podcasts, and articles to help get you started on your real estate journey. Members also have access to our market data, our experienced investment counselors, and our curated list of real estate professionals. Just click on the “Join for Free” button at the top of the page.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/fed-approves-another-jumbo-interest-rate-hike-adds-dovish-language-on-way-forward-11667412237?mod=mw_latestnews2 -https://www.marketwatch.com/livecoverage/stock-market-today-11-02/card/powell-plays-both-hawk-and-dove-SPP7tK0ARPzG8z8nFngw?mod=article_inline3 -https://www.marketwatch.com/story/jobless-dip-to-217-000-and-stay-near-pandemic-lows-11667479161?mod=economic-report4 -https://www.reuters.com/markets/us/us-construction-spending-unexpectedly-rebounds-september-2022-11-01/#:~:text=The%20Commerce%20Department%20said%20on,on%2Dyear%20basis%20in%20September.5 -https://www.freddiemac.com/pmms6 -https://www.mansionglobal.com/articles/u-s-housing-inventory-surpassed-hits-a-two-year-high-as-demand-cools-016674735247 -https://www.bisnow.com/national/news/construction-development/global-construction-set-to-grow-by-60-over-next-decade-and-a-half-report-1160188 - https://therealdeal.com/national/2022/10/31/jpmorgan-wants-you-to-rip-up-your-rent-checks/

Maryland REALTORS® CEO, Chuck Kasky is joined by Lisa Sturtevant, PhD, Chief Economist at Bright MLS, and Danielle Hale, Chief Economist at Realtor.com,  in Ocean City, Maryland at the 2022 Maryland REALTORS® Annual Conference.   In this episode, Danielle and Lisa break down local and national market trends, how REALTORS® can assist consumers in navigating the home buying process, and the multitude of factors contributing to housing demand and inventory.   Listen as they acknowledge and address the complexities of inflation, interest rates, recession, stabilizing housing markets, quantitative tightening, supply and demand, foreclosures, migration patterns, and the role of institutional investors.  This was recorded live by King AV.

In this Real Estate News Brief for the week ending September 17th, 2022... what the job market says about recession, why home prices might be peaking, and how much lot prices have contributed to high home prices.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. Moody's chief economist, Mark Zandy, says “we're not even close” to a recession right now. He spoke at the National Multifamily Housing Council's fall meeting last week. He says it's difficult to even think we're in a recession with such great data on the job market. We've got high job creation numbers, a high number of unfilled positions, a high “quits rate” which means that employees feel confident about quitting one job to find another, and a low number of layoffs. (1)He also says it's likely that GDP numbers will be revised higher, and the average homeowner has about $185,000 in equity with money in the bank. According to Zandi, the only part of the economy that is unhealthy right now is the federal government's debt. But he also says the government has a triple-A rating so he isn't worried about that.One thing he did warn about is the impact of monetary tightening on the housing market because housing costs are a big part of the Consumer Price Index. He says: “The Fed is telling us, ‘We have to raise interest rates,' but this is complicating the situation significantly because now many are having a harder time affording to pay rents. This has or will cause ‘demand destruction' and people will soon have to begin dipping into their bank accounts.”And we did get some big numbers in the latest report on the CPI. The government says the index was up .1% in August, which isn't much, but the core rate was up a worrisome .6%. That's double the increase from July. The Fed considers the core rate a more accurate gauge of inflation because it omits volatile food and energy prices. (2) The annual core rate rose from 5.9% to 6.3% while the overall CPI came down from 8.5% in July to 8.3%.The Producer Price Index also showed al .1% increase in wholesale prices, but the core rate was only up .2%. That brought the core rate down from 5.8% to 5.6%, and the overall rate from 9.8% to 8.7%. (3) Zandi is predicting that inflation will fall to 4% by the end of next year.Consumers are feeling more confident about the economy. The University of Michigan's consumer sentiment survey shows it rose to 59.5 which is a 5-month high, mostly because of lower gas prices. Prices for just about everything else are higher. Consumers are expecting to see a sharp decline in prices over the long term, however. The survey shows they expect to see it drop to 2.8% over the next five years. (4)The big economic news will come from the central bank in the days ahead. Many economists Fed officials to hike the overnight lending rate by a hefty .75% to fight inflation. But some economists say the Fed may go higher than that, with a rate hike of 1%. The last time the Fed raised rates by that much was in 1982. (5)Mortgage RatesMortgage rates rose above the 6% level last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 13 basis points to 6.02%. The 15-year was up 5 points to 5.21%. (6) In other news making headlines...Are Home Prices About to Peak?We could be getting close to a peak in home price growth. Although prices are still rising, the annual rate of growth fell to 11.7% for the week ending September 10th with a national home price median of $435,000. (7)Prices have been growing but slowing at a rate of 15 to 16% in July and 13 to 15% in August. The September numbers represent a substantial slowdown.. Realtor.com's chief economist, Danielle Hale, says: “the rate (of home price growth) took a notable step back this week to the lowest pace since January.” It's also the time of year that home price growth typically slows. In fact, Realtor.com says the best time to buy a home is the end of September. Prices are expected to be about $20,000 lower than they were in June.The latest housing trends also include a 13% drop in new listings, an extra six days on the market, and an average mortgage rate that is now above 6%.Home Lot Prices Still Heading SkywardContributing to high prices for new homes is the cost to purchase buildable lots. The National Association of Home Builders recently issued a report for last year that shows six out of nine census areas hit new records. (8)The NAHB says the national median is now $55,000 per lot with the most expensive lots in New England. They were almost four times as much as the national median, at $200,000. That's mostly due to low-density requirements and larger lots for single-family homes. Lots along the West Coast were the second most expensive with a median of $143,000. Remember, these lots are also smaller than lots in other parts of the country. The Mid-Atlantic had a median of $90,000 and the mountain region had a median of $75,000. The South to South Atlantic and East South Central had the lowest price growth for lots.Declining lot prices were found in a few places including the West South Central, which includes Texas, and the East North Central areas. 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. In addition to becoming part of our RealWealth family, you get access to in-depth rental market data and real estate professionals who can help get you started as an investor. Just click on the “Join for Free” button at the top of our website.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.globest.com/2022/09/19/mark-zandi-says-were-not-even-close-to-being-in-a-recession/2 -https://www.marketwatch.com/story/coming-up-consumer-price-index-for-august-11663070838?mod=economic-report3 -https://www.marketwatch.com/story/u-s-wholesale-inflation-falls-for-second-month-in-a-row-due-to-cheaper-gas-11663159253?mod=mw_latestnews4 -https://www.marketwatch.com/story/consumer-sentiment-climbs-to-5-month-high-but-americans-still-worried-about-economy-11663337724?mod=economy-politics5 -https://www.mortgagenewsdaily.com/markets/mortgage-rates-091620226 -https://www.freddiemac.com/pmms7 -https://www.realtor.com/news/trends/column-weekly-housing-market-update-notable-turn/8 -https://www.globest.com/2022/09/15/home-lot-values-approach-those-of-2005-housing-boom/

The decrease in single-family home permits in all regions indicates builder hesitancy as buyer demand wanes, says Danielle Hale. She and Brad Hunter discuss the state of the U.S. housing market. They talk about how housing starts disappoint as mortgage rates surge. They then go over what higher rates mean for the housing market. Tune in to find out more.

The Real Estate News Brief - Week Ending March 26, 2022Fed's Next Rate Hike, Mortgage Rate Surge, Pet Who Sell HomesIn this Real Estate News Brief for the week ending March 26th, 2022... the Fed's next rate hike, the latest surge in mortgage rates, and why pets might help sell 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. The Federal Reserve is ramping up for bigger rate hikes. Fed policymakers are saying that inflation is much too high, and that more aggressive action may be needed, including a 50 basis point rate hike in May. San Francisco Fed President Mary Daly said at an event last week: “With the labor market so strong, inflation, inflation, inflation is at the top of everyone's mind.” Fed Chief Jerome Powell also said the central bank may start reducing its $9 trillion balance sheet in May. The Fed's portfolio mushroomed in size with the purchase of Treasuries and mortgage-backed securities during the pandemic. (1) Unemployment applications have hit their lowest level since 1969. They were 28,000 lower last week than the week before for a total of just 187,000 initial claims. The number of people already getting benefits was also much lower. It was 67,000 lower for a total of 1.35 million claims. As reported by MarketWatch, that's the lowest level since the 1970's. (2)New home sales were down in February, despite higher inventory numbers. They were down 2% to an annual rate of 772,000. If you compare this February to a year ago, sales were down 6% while the supply of new homes increased to 6.3 months. That's the highest since 2008. So what's happening? Prices are getting too high for many first-time buyers. The average sales price for a new home that was sold in February was $511,000 while the median was $400,600. Realtor.com's chief economist Danielle Hale says: “A new home is not an option for many first-time homebuyers even before the impact of higher mortgage rates is considered.” (3) Pending home sales were also down in February. They were down 4.1% according to the National Association of Realtors thanks to lack of affordable inventory and rising mortgage rates. Realtor.com economist researcher, George Ratiu, says: “With mortgage rates moving toward 5%, we are seeing early signs of a shift in housing fundamentals, as many people looking for a home have hit a ceiling on their ability to afford one.” (4)Consumers don't see their economic situation improving much in the next year. The University of Michigan consumer sentiment index fell slightly to 59.4 which is close to an 11-year low. Americans are worried about Inflation and the war in Ukraine, although they are feeling confident about finding a job. (5)Mortgage RatesMortgage rates surged higher this last week. Freddie Mac says the average 30-year fixed-rate mortgage rose 26 basis points, to 4.42%. The 15-year was up 24 basis points to 3.63%. (6)In other news making headlines...Rents Taking Larger Share of PaychecksRenters are spending more of their paychecks on rent. According to the most recent rent report by realtor.com, Americans are generally spending 30% of their paychecks on rent, and in 14 out of 50 metros tracked, they are spending more. Realtor.com's chief economist, Danielle Hale says: “The general rule of thumb is to keep monthly housing costs to less than 30% of your income.” Anything above that, economists considered a debt-burden for households. (7)High rents are motivating some renters to become home-buyers, but high home prices and rising mortgage rates along with a lack of inventory is forcing many to keep renting.Homebuyers On the MoveThe number of people moving from one state to another is hitting a new high. Redfin.com says that 32.3% of its users planned to relocate during the first two months of the year. That's up from 26% in 2019. The data was pulled from a sample of about 2 million Redfin.com users who searched for homes in 111 metros, and looked at a minimum of 10 homes in specific areas. (8)Redfin says there are more people leaving the more expensive coastal areas for more affordable inland areas. The research also shows that people are looking to move to warmer locations. Miami, Phoenix, and Tampa have been attracting the most attention. Pets Help Sellers Sell HomesIf you are selling a home, you don't have to hide your pet. A new study from Quicken Loans shows that buyers are more than open to buying a home that has had pet living there. (9) 79% of the respondents said that seeing signs of a pet won't discourage them. Almost 20% said that it might even increase their desire to buy a particular home, so long as there aren't any visible signs of pet damage. Only about 1 in 10 said they might regret buying a home with a barking dog next door. 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/id1079952715 Links:1 - https://www.reuters.com/article/usa-fed-mester/fed-policymakers-march-toward-bigger-rate-hike-in-may-iduskcn2lk1ik2 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-since-1969-11648125485?mod=bnbh_mwarticle3 - https://www.marketwatch.com/story/new-home-sales-slide-even-though-the-inventory-of-properties-for-sale-has-hit-the-highest-level-since-2008-11648044987?mod=economy-politics4 - https://www.marketwatch.com/story/pending-home-sales-decline-for-fourth-consecutive-month-underscoring-down-shift-in-housing-market-11648217352?mod=economic-report5 - https://www.marketwatch.com/story/high-u-s-inflation-leaves-consumer-sentiment-stuck-at-almost-11-year-low-11648217381?mod=economy-politics6 - https://www.freddiemac.com/pmms7 - https://magazine.realtor/daily-news/2022/03/23/rents-taking-a-bigger-bite-out-of-pay8 - https://magazine.realtor/daily-news/2022/03/24/buyers-moving-states-in-record-numbers9 - https://magazine.realtor/daily-news/2022/03/23/pets-may-attract-buyers-to-homes

Rents are not just making a rebound after a dip during the pandemic. They are blowing right past the monthly cost of buying a home in more than half of the largest U.S. markets. A new realtor.com report says they've been rising so fast, it's now more affordable to buy a home in 26 U.S. cities, than it is to rent. (1)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. January was the eighth month in a row that rents have shown double digit growth in the U.S. Realtor.com says the year-over-year increase hit 19.8% in January. That kind of growth is almost double the monthly cost increase for buying a home – which started the year at 11%.Rent Growth BreakdownRents have risen the most for studio apartments. Those rents are up 21% or about $256 a month, compared to a year earlier. One- and two-bedroom units are up 19.2% which adds about $266 dollars to the monthly rent for a one-bedroom and about $323 for a two-bedroom.Higher rents mean that the monthly cost of a starter home is about 20.6% lower than it is for renting in 26 of the 50 largest metros. That translates to a $323 monthly savings, for home buyers in those metros.Top Three Buying MarketsThe realtor.com report shows that the three top markets that favor buying over renting provide an even bigger discount.1 - In Birmingham, Alabama, the monthly cost for a starter home is just $668 compared to a median rent of $1,201. That's a 44.3% savings or about $533 a month.2 - In Cleveland, Ohio, the monthly buying cost is $809 versus $1,325 a month for rent. That's a 38.9% difference or about $516.3 - In Pittsburgh, Pennsylvania, homebuyers are paying $945 a month compared to a median monthly rent of $1,530. That's a 38.3% savings or about $585.But realtor.com says the trend is not universal. While it's pricier to rent than to buy in 26 metros, it's still more affordable to rent in 24 others. Realtor.com says the price difference in those metros makes it about 24.8% more expensive to buy than to rent, giving renters a monthly savings of about $536. In cities with a lot of big tech, buyers are shelling out even more money per month. That cost is about 41.6% higher per month than renting. Rent vs. Buying in Tech MarketsThe top three tech metros where buying is a whole lot more expensive than renting include: 1 - Austin, Texas, where the monthly cost of buying is about 76.1% higher than renting.2 - New York City where buyers pay an extra 52.4% month over renting.3 - And San Francisco where the monthly cost of buying is about 49.1% more expensive.Realtor.com's chief economist Danielle Hale says: “While both rental and home-buying costs are rising, a number of factors could tip the affordability scale in favor of first-time buying for many Americans this year. She says: “Rents are forecasted to outpace listing price growth in 2022 and are already accelerating across all unit sizes.” She also says that surveys show a majority of landlords plan to raise their rental rates even higher this year.Florida Metros Top Rent Growth ListThe metros where rents are rising the fastest are all in Florida. Realtor.com's list of the Top 10 Markets for Rent Increases in January 2022 list Miami, Tampa, Orlando, and Jacksonville as the top four. We'll have a link to that report in the show notes at newsforinvestors.com.You can also visit our Learning Center while you are there and join our network for access to our Investor Portal. It's free to join. Members can look at sample property pro-formas, and connect with our experienced investment counselors. The portal also offers access to property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. Thanks for listening, and please remember to hit the subscribe button, and leave a review!I'm Kathy Fettke.Links:1 -https://www.realtor.com/research/january-2022-rent/

In this Real Estate News Brief for the week ending December 4th, 2021... the $2 trillion real estate milestone, the homebuyer's search for suburban homes, and the brick-and-mortar store comeback.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. Pending home sales surged higher in October. The National Association of Realtors says they were up 7.5%. That's substantially higher than the .7% predicted by MarketWatch economists. Contract signings were higher in all four U.S. regions, but the Midwest had the biggest gain of 11.8%. (1) Home price growth has cooled off a bit. The S&P CoreLogic Case-Shiller 20-city price index shows a 19.1% year-over-year gain in September. That's a half a percent lower than it was in August, which is not much of a decline. Craig Lazzara of the S&P DJI says that housing prices continue to show remarkable strength. He describes the change of pace as “deceleration.” (2)The weekly unemployment report shows that initial claims jumped back above the 200,000 mark. Just two weeks ago, the number of applications hit a 52-year low of 194,000. It could be that some people decided to wait until after Thanksgiving to file for their benefits. (3) The U.S. jobless rate has fallen again, from 4.6% to 4.2%. MarketWatch reports that almost 600,000 people rejoined the workforce in November, and the participation rate of 61.8% is now the highest it's been since the beginning of the pandemic. (4)If we look at job growth for the construction industry, builders added 31,000 positions last month. Specialty contractors created the most with 13,000 new positions. Civil and heavy engineering accounted for the rest. First American economist Odeta Kushi says: “It was a strong month for construction.” (5)Mortgage RatesMortgage rates didn't move much this last week. Freddie Mac says the 30-year fixed-rate mortgage was up just 1 basis point, to 3.11%. The 15-year was down 3 basis points, to 2.39%. (6)In other news making headlines…$2 Trillion in Real Estate Deals for 2021?Real estate transactions could hit a huge milestone this year. CoreLogic says they topped $600 billion in the second quarter. That's after $750 billion in transactions for the first quarter. Researchers say if the trend continues, we'll hit the $2 trillion mark by the end of the year. (7)CoreLogic economist, Thomas Malone, says it's a combination of high home prices and the migration to bigger homes in more expensive areas. He says: “The value of transactions has skyrocketed despite sales volumes continuing a relatively normal growth trend.”The report also shows that if you look at the last four quarters from the second half of 2020 to the first half of 2021, real estate transactions have already hit the $2 trillion mark. CoreLogic says the total value for that time period was $2.25 trillion.Suburbs Are Not Losing Their AppealThe desire for a home in the suburbs is still going strong, even as many people return to the cities. Realtor.com says that 62% of the online home views in September were for suburban homes while the other 38% were for urban areas. (8)Realtor.com's chief economist, Danielle Hale, says the pre-pandemic suburban vs. city dynamic is changing because of remote work options and high rents in the city. She says: “The price premium is shrinking between notoriously expensive urban housing and suburban for-sale homes, typically known for more bargains.” Inventory levels also reveal the difference. They were down 13% annually in September for suburban areas and only 8% for cities.More Stores Opening Than ClosingE-commerce may have disrupted the retail environment and put a lot of brick-and-mortar stores out of business. But now, the opposite appears to be happening. According to a new analysis by the IHL Group, there are more store openings than closures for the first time in four years. And many of those new openings are due to e-commerce websites wanting a brick-and-mortar presence. (9)As reported by the Wall Street Journal, Levi Strauss is one example. The clothing company plans to open 100 U.S. stores over the next five years. Dick's Sporting Goods is another example, with plans to open more than 800 stores under several brand names. And of course, there's e-commerce giant Amazon which is planning to open its own department stores.For 2021, IHL expects that 4,361 more stores will have opened than were shut down.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/pending-home-sales-surge-higher-in-october-will-the-new-covid-variant-trip-up-the-real-estate-market-11638198301?mod=economy-politics2 -https://www.marketwatch.com/story/home-price-growth-slows-even-as-the-cost-to-buy-continues-to-hit-records-11638281060?mod=economy-politics3 -https://www.marketwatch.com/story/jobless-claims-climb-28-000-to-222-000-in-thanksgiving-week-11638452207?mod=economy-politics4 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-november-11638537320?mod=economy-politics5 -https://www.housingwire.com/articles/residential-construction-jobs-slowly-return/6 -http://www.freddiemac.com/pmms/7 -https://www.corelogic.com/intelligence/2021-is-on-pace-to-be-the-first-multi-trillion-dollar-real-estate-market/8 -https://magazine.realtor/daily-news/2021/11/29/suburbs-remain-popular-even-as-cities-stage-comeback9 -https://magazine.realtor/daily-news/2021/11/29/first-time-in-4-years-more-store-openings-than-closures

In this Real Estate News Brief for the week ending November 27th, 2021... the winter forecast for home sales, what investors are doing with their money, and who's suing lawmakers over real real estate “love letters.”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 a Fed that's growing more concerned about inflation. Central bank officials still believe that prices will rise more slowly next year, but they are acknowledging that inflation pressures could last longer than they anticipated because of labor and supply chain shortages. These issues have pushed the yearly inflation rate to a 32-year-high of 6.2%. If you recall, inflation was close to “zero” about a year ago. The situation could prompt the Fed to begin the tapering of its bond-buying program “before” the end of this year. It has been buying $120 billion in Treasurys and mortgage-backed securities as an economic stimulus. (1)High prices are not preventing consumers from spending money. They have extra cash to spend from pandemic savings along with higher wages and bigger paychecks. That pushed consumer spending up 1.3% in October. According to MarketWatch, about half of the increase is due to inflation, so spending is up about .7%. (2)The latest unemployment report shows the number of people applying for state benefits is now “below” pre-pandemic levels. The Labor Department says initial applications dropped to 199,000 the week before Thanksgiving. That's the lowest level since November of 1969. The number of continuing claims also dropped to a pandemic low of about 2.05 million. (3)New home sales continue to rise. They were up .4% in October, according to the Commerce Department. The median price of a home is now $407,700. That's a new record high. The report also shows that builders are pumping new homes into the market. The supply was up 3.3% to a 6.3-month supply. (4)The sale of existing homes also rose in October, because of high demand, but buyers are still dealing with a lack of supply and higher prices. According to the National Association of Realtors, sales were up .8% between September and October, to a seasonally-adjusted annual rate of 6.34 million. That's also 5.8% lower than the year-ago numbers. (5)Despite the low unemployment figures and the amount of consumer spending, consumer sentiment has now dipped to a 10-year low. The University of MIchigan index dropped from 71.7 in October to 67.4 in November. Consumers are mostly concerned about inflation, and a lower standard of living because of those higher prices. (6)Mortgage RatesMortgage rates held steady last week. Freddie Mac says the average 30-year fixed-rate mortgage is 3.1%. The 15-year is up 3 basis points to 2.52%. (7)In other news making headlines…Cold Winter, Hot Housing MarketThe typical winter slowdown for home sales is probably not going to happen this year. Economists from realtor.com and the National Association of Realtors expect strong demand to continue right through the holidays into next year. (8)Realtor.com's Danielle Hale says the demand continues and that “sellers can expect to see plenty of buyers” while NAR's Lawrence Yun expects “more sales compared to pre-pandemic winters going back all the way to 2006.”In addition to this persistent demand for housing, supply chain issues have delayed some buyers who will continue to search for their dream homes this winter. The limited inventory will also give seller's an incentive to put their homes on the market.Investor Buying SpreeInvestors are also very busy. Redfin reports that investor purchase activity for residential property is up 80% in the third quarter compared to a year ago. It says that investors bought 18% of all the homes sold in Q3, and spent a record $64 billion. If you translate that into the number of homes purchased by investors, the total was a record 90,215 homes. Almost 75% of them were single-family homes. That's also an all-time high. (9)Redfin Senior Economist Sheharyar Bokhari says: “Increasing home prices fueled by an intense housing shortage have created opportunities for investors to reap big profits.” Average monthly rents were up almost 11% year-over-year in September. That's the fastest rent growth in at least two years.Which cities are attracting most of the investor activity? Atlanta; Phoenix; Charlotte, North Carolina; Jacksonville, Florida; and Miami. You can see the full list in the Redfin report. We'll have that link in the show notes.Love Letter LawsuitAn Oregon real estate firm is suing state lawmakers over a ban on homebuyer “love letters.” Those love letters typically offer details about the buyers that could lead to a biased decision by the seller. And that could violate fair housing laws. (10)The plaintiffs at Total Real Estate Group are calling the ban “censorship.” They say the ban is based on mere speculation that sellers might sometimes rely on information in these letters to discriminate based on a protected class.” The Oregon law is the first of its kind, and is set to take effect in January.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/some-on-fed-thought-faster-pace-of-tapering-bond-buys-was-warranted-meeting-minutes-show-11637781873?mod=the-fed2 -https://www.marketwatch.com/story/u-s-consumer-spending-sizzles-in-october-and-its-not-just-all-high-inflation-11637766739?mod=economic-report3 -https://www.marketwatch.com/story/coming-up-u-s-weekly-jobless-claims-11637759464?mod=economic-report4 -https://www.marketwatch.com/story/new-home-sales-inch-higher-in-october-116377673515 -https://www.marketwatch.com/story/existing-home-sales-rise-slightly-as-demand-remains-strong-for-housing-11637593477?mod=economic-report6 -https://www.marketwatch.com/story/coming-up-umich-consumer-sentiment-survey-11637765079?mod=economic-report7 -http://www.freddiemac.com/pmms/8 -https://magazine.realtor/daily-news/2021/11/24/yun-expect-an-unseasonably-hot-winter-for-home-sales9 -https://www.redfin.com/news/investor-home-purchases-q3-2021/10 -https://magazine.realtor/daily-news/2021/11/22/brokerage-sues-oregon-over-ban-on-buyer-love-letters

Mansion Global's managing editor Beckie Strum chats with Realtor.com's Danielle Hale and George Ratiu about the latest WSJ/Realtor.com rankings, from resurgent urban luxury markets to emerging ones in.

Realtor.com chief economist Danielle Hale, Mansion Global reporter Leslie Hendrickson and managing editor Beckie Strum discuss the second edition of the WSJ/realtor.com Emerging Housing Markets Index and strong-performing luxury markets.

Today's HousingWire Daily episode features an interview with Danielle Hale, chief economist at realtor.com. During the episode, Hale discusses the June new home sales report released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.Danielle sheds light on highlights of the report, including the consecutive decline in national sales volume, as well as increases in home prices. Hale also puts June's numbers into the context of annual growth as the market slowly cools down from 2020. 

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

Danielle Hale, realtor.com chief economist, MarketWatch real estate reporter Jacob Passy and Barron's real estate reporter Shaina Mishkin join Beckie Strum, managing editor of Mansion Global, to discuss the nation's emerging real estate markets.

In this Real Estate News Brief for the week ending April 17th, 2021... home builders are stepping on the gas, rents are headed “up” once again, and the best days to list your home.Economic NewsWe begin with economic news from this past week. Federal Reserve Chairman Jerome Powell offered more clarity on when the central bank plans to start the tapering process. The Fed has been buying $120 billion worth of Treasurys and mortgage-backed securities each month since last summer as an economic shot in the arm. It also cut interest rates to zero. The Fed expects to begin tapering when the economy reaches full employment and a stable rate of inflation at 2% or slightly more. And, Powell says, that would happen well before any interest rate increases. After the 2013/2014 tapering process began, it took another two years for a rate hike. Powell says the Fed will follow a similar strategy. He didn’t give a date as to when this would happen. Some economists are predicting that tapering will begin next year. Others say it could happen sooner.Signs of inflation continue. Consumer prices have been higher for four months in a row, hitting their highest level in two-and-a-half years last month. The government says the index was up .6%, and the yearly rate of inflation is now 2.6%. Some economists say it could top 3% in the coming months which would put more pressure on the Fed to consider an interest rate increase. Because inflation turned negative during the early months of the pandemic, the yearly rate of inflation could also shoot higher when those low months drop out of the 12-month average. The Fed is predicting inflation will average 2.4% in 2020 and drop back down to 2% next year.Initial jobless claims were down almost 200,000 last week to a pandemic low of 576,000. That’s the first time that weekly state claims fell below 600,000 since the pandemic began. Another 131,000 people filed for help from a temporary federal program bringing the combined total to around 700,000. Continuing claims also dropped from 18.2 million to 16.9 million by the end of March.Home builders are busy after a winter slowdown. The Census Bureau says that home starts jumped 19% in March compared to the previous month. Compared with March of last year, during the pandemic, they are up 37%. Permits are also up, but they took a smaller leap higher at 2.7% but the figures were higher for single-family homes than they were for bigger multi-family developments. In the middle of those two categories was a much bigger 25.5% surge in permits for two- to four-plex homes. MarketWatch says that might indicate a push for higher density housing to meet the demand.And there is a new report out by Freddie Mac on the size of the housing shortfall. It says the U.S. housing market needs 3.8 million more single-family homes to keep up with demand. The shortage is more severe for entry level homes. Freddie Mac’s chief economist Sam Khater says: “This is what you get when you underbuild for 10 years.” Home builders have faced their own challenges, however. The housing crisis put many out of business, which has had a lasting impact. And now the pandemic has made it hard to get workers and created a lumber shortage among other issues.Despite the shortage of homes for sale, consumer sentiment is running high. The University of Michigan says its index rose from 84.9 in March to 86.5 in April. That’s the highest it’s been since March of last year.Mortgage RatesMortgage rates took another dip this last week. Freddie Mac says the average 30-year fixed-rate mortgage was down 9 basis points to 3.04%. The 15-year was also down 7 basis points to 2.35%.In other news making headlines...Many Remote Workers Won’t Go Back to the OfficeA new survey shows that a third of the people working remotely would rather quit their job than return to the office. Staffing firm Robert Half asked 1,000 people about what they would do, and one out of three said they’d rather look for a new job than return to the office full-time. But many felt that a fully remote job would damage their work relationships and that working from home was less productive. About half of the participants said they’d be happy with a hybrid arrangement. Study authors suggest that companies adopt new policies when they try to lure employees back. Among the things that employees would like are flexible hours, relaxed dress codes, and more support for childcare. Having an environment that’s safe from COVID is also important.Rents are Rising Once AgainRents are on an upswing once again, after an 8-month downtrend. Realtor.com’s Monthly Rental report shows that rent growth was 1.1% year-over-year in March, in the nation’s largest metro areas. Realtor.com’s chief economist Danielle Hale says it’s still below the 3.2% rent growth we saw before the pandemic, but she expects the pace will pick up from here as the economy recovers.She also says: “Rents are not rising in all markets. The tech markets and several big metros like Chicago and Los Angeles continue to see rent declines.” But those declines are also running at a slower pace. She also says that Americans may be more interested in renting as home prices and mortgage rates rise. Best Days to ListNew research shows that sellers who list their homes on Tuesday, Wednesday, and Thursday will sell faster and for more money. Redfin tracked home sales data from July 2020 to February of this year, and found out that on average, homes that were listed mid-week sold for $1,700 more. But depending on the home, some sellers are getting thousands of dollars more.Redfin’s chief economist, Daryl Fairweather, says: “The market is so competitive, most homes will receive plenty of attention regardless of when they are listed.” But he says listing in the middle of the week provides more time for buyers to check out the home, and getting as many serious buyers interested will help drive up the sales price. You can read more about all these stories by following links on the podcast player page for this episode at www.NewsForInvestors.comLinks:1 - https://www.marketwatch.com/story/powell-suggests-fed-will-follow-the-2013-2014-playbook-when-it-starts-to-taper-asset-purchases-11618422986?mod=mw_latestnews2 - https://www.marketwatch.com/story/consumer-prices-surge-again-as-u-s-inflation-marches-higher-11618317779?mod=economic-report3 - https://www.marketwatch.com/story/u-s-jobless-claims-nosedive-193-000-to-pandemic-low-of-576-000-11618491022?mod=economic-report4 - https://www.marketwatch.com/story/new-home-construction-rebounds-sharply-as-america-faces-dire-housing-shortage-11618577442?mod=economy-politics5 - https://www.foxbusiness.com/real-estate/us-housing-market-is-nearly-4-million-homes-short-of-buyer-demand6 - https://www.marketwatch.com/story/americans-are-feeling-the-best-theyve-felt-since-the-pandemic-began-consumer-survey-shows-116185827697 - http://www.freddiemac.com/pmms/8 - https://www.bisnow.com/national/news/top-talent/third-of-remote-workers-would-quit-before-returning-to-office-1084889 - https://magazine.realtor/daily-news/2021/04/13/rents-rising-for-the-first-time-in-eight-months10 - https://magazine.realtor/daily-news/2021/04/15/best-time-to-list-midweek

En el mercado actual de la vivienda parece que esta mas difícil que nunca encontrar una casa para comprar. Antes de que la crisis de la salud nos golpeara el año pasado, ya había escasez de viviendas en venta. Cuando muchos propietarios retrasaron sus planes de vender al mismo tiempo que más compradores tenían como objetivo aprovechar las tasas hipotecarias históricamente bajas y comprar una casa, el inventario de la vivienda cayó aún más. Los expertos consideran que este es el mayor desafío enfrentando a lo que sería un mercado fuerte, mientras que los compradores continúan compitiendo por las casas. Como explica Danielle Hale, Economista Principal de realtor.com: “Con los compradores activos en el mercado y la participación rezagada de los vendedores, las casas se están vendiendo rápidamente y el número total disponible para la venta sigue bajando. En enero en general, el número de viviendas en venta cayó por debajo de 600,000”. Cada mes, realtor.com publica nuevos datos que muestran el cambio interanual en el inventario de las viviendas ya existentes en venta. Como se puede ver en el siguiente mapa, a nivel nacional, el inventario es un 42.6 % más bajo que en esta época del año pasado: --- 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

Este año será recordado por muchas razones, y el optimismo es una cosa que ha sido escasa desde la primavera. Estamos experimentando una pandemia global, un malestar social, una recesión económica y desastres naturales, por nombrar solo algunos. Los desafíos provocados por la crisis de la salud también han obligado a muchos propietarios a reevaluar su espacio y lo que necesitan en una casa al entrar en 2021. Por lo tanto, los expertos están pronosticando que el próximo año es uno en el que podemos ser optimistas sobre el sector de la vivienda por tres razones claves. 1. Se espera que la economía siga mejorando Tim Duy de la Universidad de Oregón lo pone de esta manera: “No hay nada fundamentalmente ‘roto' en la economía que necesite sanar… no había una burbuja financiera obvia que impulsara una actividad excesiva en cualquier sector económico cuando la pandemia golpeó… Con los casos de Covid-19 surgiendo de nuevo, es comprensiblemente difícil mirar con optimismo al otro lado de este invierno… No deje que los desafíos a corto plazo le distraigan de la etapa económica que se está preparando para los próximos cuatro años”. 2. Se pronostica que las tasas de interés se mantendrán bajas En las últimas proyecciones de Freddie Mac, se espera que la tasa de interés para una hipoteca con tasa fija a 30 años se mantenga en o cerca del 3 % el próximo año. Estas tasas bajas seguirán haciendo que las casas sean más asequibles, impulsando la demanda de la vivienda en 2021. 3. Se prevé que las ventas futuras de las viviendas aumenten Mientras que la economía mejora y las tasas de interés siguen siendo bajas, también se espera que las viviendas continúen apreciando a medida que más personas compran el próximo año. Danielle Hale, Economista Principal de realtor.com dice: “Esperamos que las ventas de las viviendas en 2021 lleguen un 7.0 % por encima de los niveles de 2020, siguiendo una tendencia estacional mas normal y creando un impulso a través de la primavera y sosteniendo el ritmo en la segunda mitad del año”. En conclusión, Los expertos pronostican que los compradores y vendedores van a estar activos en 2021. Si ha pensado comprar o vender su casa este año, pero está esperando, ahora puede ser el momento para aprovechar el mercado. Vamos a comunicarnos para que tome el primer paso hacia su casa nueva. --- 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

A través de todos los desafíos de 2020, el mercado de bienes raíces ha hecho muy bien, y los compradores siguen aprovechando las tasas hipotecarias históricamente bajas, Realtor Magazine acaba de explicar: “Aunque el invierno puede ser típicamente una temporada lenta en bienes raíces, los economistas predicen que no es probable que suceda este año… los inventarios bajos combinados con una demanda alta debido a las tasas hipotecarias históricamente bajas están enviando compradores al mercado en ráfaga”. Sin embargo, un desafío para la industria de la vivienda entrando en este invierno es el número menguante de viviendas disponibles para la venta. Lawrence Yun, Economista Principal de la Asociación nacional de Realtors (NAR por sus siglas en inglés), dijo recientemente: “No hay escasez de compradores potenciales esperanzados, pero el inventario es históricamente bajo”. Además, Danielle Hale, Economista Principal de realtor.com señala: “Menos vendedores nuevos están llegando al mercado, mientras que un número mayor del habitual de los compradores que continúan buscando una casa, hace que el inventario continúe evaporándose”. Uno de los principales indicadores que la industria utiliza para medir la oferta de la vivienda es el suministro mensual del inventario. Según NAR: “el suministro mensual alude al número de meses que tardaría en venderse el inventario actual de viviendas en el mercado, dado el ritmo actual de ventas”. Históricamente, seis meses de suministro se considera un mercado normal en bienes raíces. Entrando en la pandemia, el inventario ya estaba muy por debajo de esta marca. A medida que avanzaba el año, la oferta se ha reducido aún más. Aquí hay una gráfica que muestra este cálculo durante el último año: --- 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

In today's Daily Download episode, HousingWire covers Realtor.com's newly released list of 2020's hottest housing markets according to zip code. For some background on the story, here's a summary of the article:Compared to last year, the housing market this year has seen some big changes. Notably, people are moving inland from the large cities as the pandemic has created a coastal exodus, prompting apartment dwellers to seek more space and big yards.Realtor.com released its hottest ZIP codes of 2020 report on Tuesday, which revealed that more towns in the Northeast made the list than last year.“The hottest zip codes have bucked the national trend of a housing market slowdown during the COVID-19 pandemic,” Danielle Hale, realtor.com's chief economist said in the report.“Even during the pandemic, homes in the hottest markets were selling at a blistering pace, with the median days on market in all of the top neighborhoods being under a month,” Hale said. “Likewise, all of the hottest zip codes saw demand increase, with rising views per property on realtor.com compared to last year.”Following the main story, HousingWire covers an article that discusses the launch of the new builder review feature on Zillow, as well as Freddie Mac's Weekly Primary Mortgage Market survey that indicates this week's mortgage rates rose on risk assessment.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 and Victoria Wickham.HousingWire articles covered in this episode:Here are 2020's hottest housing markets according to ZIP codeZillow launches consumer-generated builder review featureUS mortgage rates rise on risk assessment

Danielle Hale, CrossFit Affiliate Support Team member and 4 time CrossFit Games Regionals competitor, as they chat about Regionals events 1-5, Danielle's placing in SoCal in the CrossFit Games Open, ridiculous CrossFit gym names, how she with started with CrossFit, then get into the listener questions during the lightning round.