American government office
POPULARITY
And it’s only Monday. New developments in the signalgate saga have the President backing his new defense secretary Pete Hegseth over the ‘neocons’ at the Pentagon. Meanwhile, Sen Van Hollen stunned the world this weekend he seemed to imply THIS about Abrego Garcia. Leticia James is getting nervous… And, JD Vance was one of the last to meet with the Pope before his passing. Join Trish Regan LIVE for these developments and more! SUBSCRIBE TO MY CHANNEL: https://Youtube.com/TrishReganChannel
The Italian Prime Minister Georgia Meloni meets with President Donald Trump at the White House sparking talk of a European Union break up. We have the details. Meanwhile, we knew President Trump was cleaning house… and now, he’s reportedly looking to ditch the Federal Reserve Chief, Jerome Powell! What will THAT mean for markets? We have a look. Remember to get my financial research newsletter and model portpolios at https://76portfolios.com. Meanwhile, George Clooney really knows how to make an A$$ of himself, don’t you think? CNN is rather good at it too.. .and the two of them just teamed up for a new interivew to talk about that now infamous op-ed that ‘took Biden out.’ (Yours truly suspects the CNN anchor had a small hand in it too!) More on those stories plus the latest on the Maryland deportation saga. Join me! LIVE! SUBSCRIBE TO MY CHANNEL: https://Youtube.com/TrishReganChannel Become a TEAM MEMBER to get special access and perks: ▶️ https://www.youtube.com/channel/UCBlMo25WDUKJNQ7G8sAk4Zw/join
Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll Please Subscribe + Rate & Review KMJ’s Afternoon Drive with Philip Teresi & E. Curtis Johnson wherever you listen! --- KMJ’s Afternoon Drive with Philip Teresi & E. Curtis Johnson is available on the KMJNOW app, Apple Podcasts, Spotify, Amazon Music or wherever else you listen. --- Philip Teresi & E. Curtis Johnson – KMJ’s Afternoon Drive --- Weekdays 2-6 PM Pacific on News/Talk 580 & 105.9 KMJ DriveKMJ.com | Podcast | Facebook | X | Instagram --- Everything KMJ: kmjnow.com | Streaming | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll Please Subscribe + Rate & Review KMJ’s Afternoon Drive with Philip Teresi & E. Curtis Johnson wherever you listen! --- KMJ’s Afternoon Drive with Philip Teresi & E. Curtis Johnson is available on the KMJNOW app, Apple Podcasts, Spotify, Amazon Music or wherever else you listen. --- Philip Teresi & E. Curtis Johnson – KMJ’s Afternoon Drive --- Weekdays 2-6 PM Pacific on News/Talk 580 & 105.9 KMJ DriveKMJ.com | Podcast | Facebook | X | Instagram --- Everything KMJ: kmjnow.com | Streaming | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
Happy Friday and welcome to Pre-Market Pulse – it has been quite the week of data with the US Election, Federal Reserve, Bank of England and earnings season all moving the markets. We pick out the headlines from overnight and what to watch today ahead of a well deserved break this weekend.
In this Real Estate News Brief for the week ending April 20th, 2024... you'll hear what the Fed Chief said about “higher for longer,” (he didn't say that on 4/20 but that would have been funny!) why Moody's is offering an upbeat prediction about rate cuts, and how renters feel about homeownership. We begin with economic news from this past week and more talk about what's next for interest rates. Fed Chief Jerome Powell spoke out last Tuesday, saying that recent data shows a lack of progress in reducing inflation to the Fed's 2% goal, and that Fed officials need to have more confidence that that is happening before they cut rates. He said that inflation “declined significantly during the second half of last year” but he added: “The recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence."... ...If you'd like to learn more about investing in real estate, I encourage you to sign up for a free RealWealth membership and come to our live event in San Francisco on May 4th. We'll have five property teams giving presentations about their markets and their inventory of for-sale rental homes. We are also hosting a cocktail party in the evening for an opportunity to meet other investors and have some fun! Go to newsforinvestors.com for more information about membership and our live event. That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Links: 1 - https://www.marketwatch.com/story/feds-powell-says-likely-to-take-longer-to-meet-conditions-to-cut-interest-rates-72c65044?mod=federal-reserve 2 - https://www.cnbc.com/2024/04/19/feds-goolsbee-says-more-sniffing-may-be-needed-before-rate-cuts-.html 3 - https://www.marketwatch.com/story/feds-goolsbee-says-progress-on-inflation-has-stalled-makes-sense-to-wait-on-interest-rates-8f17e77b?mod=search_headline 4 - https://www.globest.com/2024/04/18/moodys-there-will-be-rate-cut-of-up-to-75-bps-this-year/ 5 - https://www.marketwatch.com/story/jobless-claims-flat-at-212-000-and-still-no-sign-of-rising-layoffs-226f55bf?mod=economy-politics 6 - https://www.cnbc.com/2024/04/19/something-strange-has-been-happening-with-jobless-claims-numbers-lately.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message 7 - https://www.marketwatch.com/story/home-sales-get-hammered-by-higher-mortgage-rates-but-one-region-is-holding-up-b75ed6d5?mod=economic-report 8 - https://www.marketwatch.com/story/housing-starts-plunge-in-march-amid-housing-shortage-b489170a?mod=economic-report 9 - https://www.marketwatch.com/story/builder-confidence-index-stalls-in-april-as-mortgage-rates-hit-7-buyers-are-back-on-the-fence-waiting-for-interest-rates-to-fall-one-builder-says-de04d6e9?mod=economic-report 10 - https://www.freddiemac.com/pmms 11 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-jump-above-7-percent-setting-new-high-for-2024 12 - https://www.globest.com/2024/04/16/more-renters-give-up-on-home-ownership/
Vince Nowicki, Chief Lending Officer for Mission Fed Credit Union, talks about the challenges of affordability in today's real estate climate; how the credit union is offering webinars on its diverse home loan packages; and the future of San Diego real estate market.
In this Real Estate News Brief for the week ending February 3, 2024... what the Fed Chief is saying about when the rate cuts will begin, what happened to the homeownership rate in Q4, and why Millennials are worried about aging Baby Boomer homes. That's it for today. If you are working on your investing plan for this year and need a better focus, check out our RealWealth webinar: The Focused Investor: 4 Steps to Success in 2024. You'll find it at newsforinvestors.com under the Learn tab. Be sure to sign up for a free RealWealth membership while you are there. And please subscribe to this podcast and leave a review when you have a minute. Thanks for listening! Kathy Fettke Links: 1 - https://abcnews.go.com/US/wireStory/powell-federal-reserve-track-cut-rates-year-inflation-106939082#:~:text=In%20December%2C%20Fed%20officials%20indicated,likely%20still%20reflected%20policymakers'%20views. 2 - https://www.marketwatch.com/story/jobless-claims-climb-to-nearly-3-month-high-of-224-000-layoffs-creeping-higher-2fcd7bc3?mod=economy-politics 3 - https://www.marketwatch.com/story/home-prices-hit-a-new-high-in-november-case-shiller-says-679244e9?mod=economic-report 4 - https://www.marketwatch.com/story/construction-spending-ticks-up-for-12th-month-in-a-row-in-december-e4601074?mod=economic-report 5 - https://www.freddiemac.com/pmms 6 - https://eyeonhousing.org/2024/01/homeownership-rate-dips-to-65-7-amid-housing-affordability-woes/ 7 - https://www.cnbc.com/2024/02/02/half-of-us-renters-are-cost-burdened-harvard-report-finds.html 8 - https://www.nar.realtor/magazine/real-estate-news/younger-buyers-want-baby-boomers-to-update-their-homes
The Federal Reserve is squashing hopes for a rate cut in March. The Federal Open Market Committee met this week and left rates where they are, but the bigger message from policymakers: There are no plans yet to cut rates. Hi I'm Kathy Fettke and this is the Real Estate News for Investors. Please make sure you are subscribed, and when you have a minute, leave us a review and let us know how we're doing! This episode is a quick update on the Fed's latest policy meeting. The committee issued a statement after the two-day meeting that eliminated wording about their willingness to keep raising rates. Instead, it said that it would now begin policy adjustment considerations. But that doesn't mean they plan on immediately lowering rates. In fact, it said: “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” Fed Chief Jerome Powell also added to that sentiment during a news conference after the meeting. He said that committee members will be waiting to see how the data plays over the next month or months, and said that a March rate cut is unlikely. He added: “I don't think it's likely that the committee will reach a level of confidence by the March meeting.”... ...As for when they'd go down, the Fed never says yes or no so we'll just have to wait and see what happens at the next meeting. That's it for today. If you'd like to listen to my 2024 Housing Market Predictions, you'll find the webinar at newsforinvestors.com under the Learn tab. Economist Rick Sharga joined me for that webinar so you'll get a double dose of forecasting and lots of data. That's at newsforinvestors.com under the Learn tab. And don't forget to subscribe to the podcast if you haven't done so already! Thanks for joining me here on Real Estate News for Investors. I'm Kathy Fettke. Thanks for listening. 1 - https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html 2 - https://www.cnbc.com/2024/01/31/fed-chief-jerome-powell-says-a-march-rate-cut-is-not-likely.html 3 - https://www.federalreserve.gov/newsevents/pressreleases/monetary20240131a.htm
The Federal Reserve is likely done raising interest rates as inflation continues a steady decline and policymakers worry about the lagged effects of past hikes, former Kansas City Fed President Esther George tells MNI.
Fed chief Powell says ‘won't hesitate' to tighten further. Dollar extends recovery as US yields rise, pushing equities down. Gold gains despite unfavorable setup - central bank purchases? Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
In this Real Estate News Brief for the week ending August 26th, 2023… tough talk on inflation from the Fed Chief, when and why we might see a surge in home prices, and what Texas is doing to manage a booming economy north of Dallas. We begin with economic news from this past week and comments from Fed Chief Jerome Powell. He delivered the keynote address at the Kansas City Fed's annual retreat in Jackson Hole, Wyoming. He reiterated previous sentiments about making progress on inflation, but says it's still too high and the central bank plans to “keep at it until the job is done.” He said: “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective” – which is 2%... ...The North Texas area is becoming a global technology hub as semiconductor companies move into the area. That's creating tens of thousands of jobs, and with all those jobs, a surge in housing demand. We are capitalizing on this opportunity at RealWealth with a North Dallas Rental Fund for accredited investors. You can find out more about this fund at growdevelopments.com. That's it for today. You can listen to past episodes and check for links to our news sources at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there to learn more about how and where to invest in real estate. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Follow Kathy on Instagram at: https://www.instagram.com/kathyfettke/ Purchase Kathy's audiobook on Audible at: https://tinyurl.com/retirerichaudible Links: 1 - https://www.marketwatch.com/story/powell-unsure-of-the-need-to-tighten-further-b43a9d18?mod=federal-reserve 2 - https://www.marketwatch.com/story/jobless-claims-drop-to-3-week-low-of-230-000-still-no-sign-of-rising-u-s-layoffs-1f1411f6?mod=economic-report 3 - https://www.marketwatch.com/story/u-s-home-sales-fall-in-july-as-rates-rise-and-listings-fall-33b79a54?mod=economic-report 4 - https://www.marketwatch.com/story/u-s-new-homes-sales-rise-4-4-in-july-533ab184?mod=economic-report 5 - https://www.freddiemac.com/pmms 6 - https://markets.businessinsider.com/news/commodities/housing-market-outlook-recession-home-prices-mortgage-rates-fannie-mae-2023-8 7 - https://finance.yahoo.com/news/house-prices-wont-fall-ndash-195516944.html 8 - https://www.rentcafe.com/blog/rental-market/market-snapshots/new-apartment-construction/ 9 - https://www.bizjournals.com/dallas/news/2023/08/18/txdot-greg-abbott-115-billion.html
In this Real Estate News Brief for the week ending July 29th, 2023… the Fed's latest rate hike, how the central bank's economic forecast has changed, and good news about the dreaded IRS “knock on the door.” 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 Fed meeting that resulted in yet another rate hike. The Federal Reserve raised the benchmark rate a quarter point, to a range of 5.25% to 5.5%. That's the highest it's been in 22 years. In a news conference after the meeting, Fed Chief Jerome Powell said that inflation has moderated somewhat, but the 2% target is still a ways off. He wouldn't say whether Fed officials are leaning toward another rate hike in September. He said it would be a meeting-by-meeting data-driven decision. A few of the other highlights from the Fed Chief's press conference: 1 - The central bank is no longer expecting a recession because of higher rates. It is now predicting an economic slowdown, and a return to the “soft landing” idea. The latest report on the GDP shows the economy growing at an annual rate of 2.4% in the second quarter. 2 - The Fed keeps an eye on lending conditions and acknowledges that lending conditions are tighter and could tighten further. But as the Fed Chief commented, he doesn't expect it will be a dramatic pullback on the money supply. Higher interest rates are giving consumers one nice reward – higher interest rates for savings accounts and CDs. As reported by MarketWatch, it's already possible to find CDs that are paying 5.75% and high-yield savings accounts that are offering more than 4%. And to end the week on a really positive note, the Labor Department released the latest PCE report. It shows that inflation rose a tiny .2% in June. That brings the annual rate down to 3% from 3.8%. The core rate rose at the same .2% bringing the annual core rate down to 4.1% from 4.6%. The job market remains very tight. Jobless claims were down for a third week in a row. They fell 7,000 to a total of 221,000. There was also a big drop in continuing claims. They were down 59,000 to a total of 1.69 million. As for housing, existing home sales ticked higher for the first time in four months. The National Association of Realtor reports that contract signings were up .3% in June, although that number is still 15.6% lower than the previous June. NAR economist Lawrence Yun says the turnaround in sales indicates that the housing recession is over. He also cites increased home builder activity and a growing number of multiple offers among buyers competing for a tight supply. And that's despite high interest rates. New home sales lost a little momentum in June. According to the Commerce Department, they fell 2.5%. This number is volatile and often revised, however. Mortgage Rates Mortgage rates held steady this last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 3 basis points to 6.81%. The 15-year was up 5 points to 6.11%. In other news making headlines… Landlord Tenant Role Reversal for Office Leasing Office landlords are experiencing something new in the midst of all the office leasing distress. Prospective tenants are now asking landlords for proof that their finances are stable, some are even asking for a look at their books. That's typically something that a landlord may want from a tenant, but not the other way around. As CBRE's Mary Ann Tighe told Bisnow: “It's not enough to just say, ‘You know, we have bulletproof institutional dollars behind us. The landlords still want to know about the credit of their tenants, but the tenants now say, ‘OK, I'll show you mine. You show me yours.” IRS Says No More Surprise Visits! The IRS announced a major policy change regarding surprise visits from agents. It's a policy that has been in place for decades to send agency employees to homes and businesses to collect unpaid taxes or unfiled tax returns. But this past week, the IRS said that those unexpected visits will be replaced by mailed letters with a request to schedule a meeting. The change in policy is part of an effort to transform the IRS. IRS Commissioner Danny Werfel says: “Changing this long-standing procedure will increase confidence in our tax administration work and improve overall safety for taxpayers and IRS employees.” That's it for today. Please remember to hit the subscribe button, and leave a review! If you want to learn more about how you can become a wealth-building real estate investor, hit the join for free button on our website. Thanks for listening. I'm Kathy Fettke. Links: https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html?&qsearchterm=fed%20approved%20hike%20that%20takes https://www.marketwatch.com/story/fed-no-longer-sees-a-recession-and-other-things-we-learned-from-powells-press-conference-ef98d718 https://www.marketwatch.com/picks/were-already-seeing-some-cds-with-5-75-apy-now-that-the-fed-hiked-interest-rates-again-might-rates-climb-higher-de14c37f https://www.marketwatch.com/story/gdp-increases-at-2-4-annual-pace-in-the-second-quarter-7e548aed?mod=home-page https://www.marketwatch.com/story/u-s-inflation-slows-again-pce-shows-966aa14c?mod=economy-politics https://www.marketwatch.com/story/jobless-claims-drop-to-the-lowest-level-since-february-51cea584?mod=economic-report https://www.marketwatch.com/story/s-p-case-shiller-shows-u-s-home-prices-up-for-fourth-straight-month-in-may-9190cfd0 https://www.marketwatch.com/story/newly-built-u-s-home-sales-fall-in-june-6123fd72 https://www.nar.realtor/magazine/real-estate-news/economy/nar-economist-housing-recession-is-over https://www.freddiemac.com/pmms https://www.marketwatch.com/story/the-housing-recession-is-over-real-estate-group-says-as-pending-home-sales-tick-up-for-the-first-time-in-4-months-2d4cce4f https://www.bisnow.com/national/news/office/landlord-finances-owners-open-books-119930 https://www.bisnow.com/national/news/office/amazon-return-to-office-relocating-workers-major-downtown-hubs-119926 https://www.irs.gov/newsroom/irs-ends-unannounced-revenue-officer-visits-to-taxpayers-major-change-to-end-confusion-enhance-safety-as-part-of-larger-agency-transformation-efforts
Join Mike Elam as he covers for Annie Frey today. First, Missouri Secretary of State, Jay Ashcroft, shares insights into his campaign for governor and discusses key issues facing the state, including education, crime, connectivity, and the impact of ESG on investments. Secretary Ashcroft also emphasizes the need for a change in federal leadership. Then, in a conversation with Luann Cundiff, President of First State Bank of St. Charles, they explore the departure of the St. Louis Fed Chief, the process of replacing the position, and the challenges of the housing market and low inventory. Luann sheds light on the role of community banks and their relationship with the Federal Reserve. Finally, stay updated on the writer and actor strike, with information on the latest developments, demands, negotiations, and the impact on the entertainment industry.
In this Real Estate News Brief for the week ending June 24th, 2023... what the Fed Chief is saying about another two rate hikes, where evictions are rising the most, and how the economy is impacting commercial real estate. 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 comments from Federal Reserve Chairman Jerome Powell about interest rates. He testified before Congress that U.S. inflation is still too high and that more rate hikes are likely this year. He told members of the House Financial Services Committee: “Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year.” But he also says that decisions will be made “meeting by meeting” so there's no timetable as to if or when this will happen. Most of the members are anticipating two more quarter point rate hikes. (1) In a more positive light, Powell said that it's possible to get inflation under control without a huge increase in unemployment. During his testimony before the Senate Banking Committee, he said that he sees the labor market cooling gradually but doesn't expect to see significant job losses. (2) Federal Reserve President Raphael Bostic is one of just two committee members who doesn't believe the Fed should hike rates again this year. He said in an interview that interest rates should remain where they are for the time being, and that rate cuts should not happen until later “next” year. He believes the economy hasn't yet felt the effects of previous rate cuts, and doesn't want the Fed to make the mistake of causing a significant economic downturn. (3) The weekly unemployment report shows that initial claims are rising, although the number of applications was flat last week. The government says that 264,000 people requested benefits which is about the same as the previous two weeks. But, the last three weeks represent the highest level we've seen since late 2021. (4) Builders are feeling bullish about new home construction. Housing starts for single-family homes surged in May to a new high point for the year. The National Association of Home Builders says housing starts were up 21.7% to an annual pace of 1.63 million. Economists were expecting a decline of .8%. (5) The association's monthly confidence index also reflects a feel-good attitude among builders. The index was up 5 points to 55 which puts it in positive territory. (6) Meantime, the sale of existing homes rose a bit in May. Sales were up 3.8% to an annual rate of 1.08 million, but due to high mortgage rates, prices were down about 3%. It's the largest monthly drop in existing home prices since December of 2011. (7) Mortgage Rates Mortgage rates didn't move much this last week. Freddie Mac says the average 30-year fixed-rate mortgage was down 2 basis points to 6.67%. The 15-year was down 7 points to 6.03%. (8) In other news making headlines… Eviction Rates Are Rising in Some Cities Rising rents and a lack of pandemic-era protections are pushing many renters into eviction proceedings. Princeton University's Eviction Lab tracks filings in almost three dozen cities and 10 states. It reports that eviction rates are now 50% higher than they were before the pandemic. (9) Some of the hardest hit cities include Houston with rates that were 56% higher in April, Minneapolis/St. Paul with rates that were up 106% in March, 55% in April, and 63% in May. Nashville, Phoenix, and the state of Rhode Island are also seeing a lot of evictions. Zillow reports that national rents are up 5% from a year ago, and almost 31% from 2019. High eviction rates right now are also due to the fact that many tenants were protected from being evicted during the pandemic. Distress Starting to Hit Commercial Real Estate We're beginning to see more distress in the commercial real estate market. A report from MSCI Real Assets shows about $64 billion in distress for the first quarter, and a total of about $155 billion in assets that are now at risk. (10) Retail properties are suffering the most with about $23 billion in distress. But those problems began “before” the pandemic as stores lost business to online shopping websites. Office properties are now seeing about $18 billion in distress thanks to the rise in remote work, and leases that need to be renewed at high interest rates. Multi-families are also seeing some amount of distress. Delinquency rates for multifamily loans from major investment groups hit the 3% level at the end of the first quarter. That's it for today. Check the show notes for links at newsforinvestors.com. And please remember to hit the subscribe button, and leave a review! I also encourage you to join RealWealth at newsforinvestors.com. It's free to join and will give you access to information about how you can build wealth with single-family rentals. Membership will also connect you to our 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/powell-tells-congress-to-expect-higher-interest-rates-5ee9ffc0?mod=federal-reserve 2 - https://www.marketwatch.com/story/powell-says-he-sees-path-where-inflation-cools-without-significant-job-losses-d132327a?mod=mw_latestnews 3 - https://www.marketwatch.com/amp/story/fed-should-leave-interest-rates-unchanged-for-the-rest-of-the-year-bostic-says-43d83606 4 - https://www.marketwatch.com/story/jobless-claims-hit-highest-level-since-late-2021-2650a966 5 - https://www.marketwatch.com/story/housing-starts-surge-as-builders-rev-up-single-family-home-construction-in-may-while-a-housing-shortage-drags-on-fe6838ea?mod=economic-report 6 - https://www.marketwatch.com/story/home-builders-turn-bullish-for-the-first-time-in-nearly-a-year-amid-strong-housing-demand-81f5c7b9?mod=economic-report 7 - https://www.marketwatch.com/story/u-s-existing-home-prices-suffer-largest-drop-since-december-2011-56fe5258?mod=u.s.-economic-calendar 8 - https://www.freddiemac.com/pmms 9 - https://apnews.com/article/evictions-homelessness-affordable-housing-landlords-rental-assistance-dc4a03864011334538f82d2f404d2afb 10 - https://www.bisnow.com/national/news/capital-markets/report-distressed-cre-now-tops-64b-119503
In this Real Estate News Brief for the week ending May 20th, 2023... what the Fed Chief is saying about interest rates and potential rate cuts, how the FHFA is responding to a controversy over new rules for home loan fees, and why mall owners have become interested in pickleball. 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 the Fed chief's response to predictions about what the central bank plans to do next. Jerome Powell spoke out at a conference at the Federal Reserve Bank of Chicago and said that Fed officials have made “no” decision yet on their next move. Many economists are expecting a pause in rate hikes, but the Fed is determined to bring inflation back down to the 2% level, no matter what. A decision would be made after the Federal Open Market Committee evaluates “all” the most recent data. (1) Powell may have also dashed a few hopes for rate cuts later this year. He says: “The data has continued to support the FOMC's view that bringing inflation down will take “some time” and that rate cuts simply are not part of the Fed's current forecast. But he also says that interest rates are currently high enough to slow economic growth, and hopefully tamp down inflation without further credit tightening. Meantime, the U.S. leading economic index, or LEI, shows a decline in April, for the 13th month in a row. The declines have pointed toward a potential recession, but so far, that hasn't happened. The index was down .6% last month with eight of the ten economic indicators showing a decline. (2) Initial jobless claims were down last week, thanks to an effort in Massachusetts to reduce fraudulent claims. They fell from 264,000 the previous week to 242,000 last week. Overall, they have been slowly rising since January. The number of continuing claims was also down by about 8,000 with about 1.8 million people collecting benefits. (3) New home construction was higher in April, thanks to an outsized demand among consumers, despite high interest rates. The government says they rose 2.2% for the month with more activity in the Midwest and the West. That's for both multi-family construction, which was up 5.2%, and single-family, which was up 1.6%. Building permits were down, however, by 1.5%. (4) The home builders confidence index also reflected a positive outlook among builders. The National Association of Home Builders say the index was up five points to a central balance point of 50 in May. Anything above 50 is positive, and below 50, negative. The reading for May is the first time it's been out of negative territory in almost a year. (5) The latest report for existing home sales is for February, and according to the National Association of Realtors, it surged 14.5% as interest rates experienced a temporary dip. It was the biggest monthly increase since July of 2020 when sales skyrocketed 22.4%. NAR says that single-family sales are currently at their highest level since the association started tracking them in 1999. (6) Mortgage Rates Mortgage rates are still moving sideways. Freddie Mac says the 30-year fixed-rate mortgage was up just 4 basis points, to 6.39%. The 15-year was unchanged at 5.75%. (7) In other news making headlines... FHFA Rescinds New DTI Fee Structure The FHFA is rethinking its controversial new up-front fee structure for single-family home loans which placed more importance on a borrower's debt-to-income ratio than it did on credit score. The government finance agency has now rescinded the new fee structure for Fannie and Freddie loans, and is asking for input on the goals and policy priorities that the FHFA should pursue in regards to an upgrade of the pricing framework. (8) When the FHFA announced the previously upgraded pricing structure, there was an outcry from real estate organizations, including the Mortgage Bankers Association, the National Association of Realtors, and others. It kinda blew up in the media, because it appeared to raise the fees for people with higher credit scores while lowering fees for low income borrowers, and gave the appearance of an unfair fee subsidy. The FHFA denies that the fee structure was based on the idea of a subsidy. But it is now accepting feedback from the public on how to adjust the fee structure to better reflect loan risk in order to protect Fannie and Freddie against those risks, and without unnecessary expense for borrowers, especially those struggling with affordability issues. Mall Owners Filling Empty Stores with Pickleball Courts! Mall owners have a new strategy to fill vacant stores and attract more people. They are turning to the fast-growing sport of pickleball, and replacing shuttered stores like Bed, Bath, and Beyond with pickleball courts! (9) The combination satisfies a need on both sides as consumers gravitate toward locations that offer fun, social experiences and not just a place to shop. Malls have already been incorporating things like theaters, arcades, and amusement parks into their shopping locations. So now, they are adding pickleball, and other experience-based activities like skydiving and virtual golf. Pickleball is currently the nation's fastest growing sport. As reported by CNN and the Sports & Fitness Industry Association, it's up 159% over three years to 8.9 million players in 2022. That's it for this episode of the Real Estate News for Investors. Please check the show notes for links at newsforinvestors.com. If you want to learn more about investing in real estate, be sure to hit the “Join for Free” button, and check out how RealWealth can help you create a cash-flowing real estate portfolio. And don't forget to subscribe to our podcast! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/feds-powell-says-progress-on-bringing-down-inflation-will-be-slow-452edc06?mod=mw_latestnews 2 - https://www.marketwatch.com/story/slowing-u-s-economy-gets-closer-to-recession-leading-index-signals-bac107f3?mod=economic-report 3 - https://www.marketwatch.com/story/jobless-claims-fall-sharply-to-242-000-as-massachusetts-battles-fraud-dc71930f?mod=economy-politics 4 - https://www.marketwatch.com/story/u-s-housing-starts-rise-2-2-in-april-3062a768?mod=economy-politics 5 - https://www.marketwatch.com/story/builder-confidence-rises-for-fifth-consecutive-month-amid-ongoing-shortage-of-u-s-homes-for-sale-a41d33ba?mod=economy-politics 6 - https://www.marketwatch.com/story/u-s-existing-home-sales-rise-for-the-first-time-in-13-months-surging-14-5-in-february-12603067 7 - https://www.freddiemac.com/pmms 8 - https://www.fhfa.gov//Media/PublicAffairs/Pages/FHFA-Requests-Input-on-the-Enterprises-Single-Family-Pricing-Framework.aspx 9 - https://amp.cnn.com/cnn/2023/05/13/business/pickleball-malls-retail-bed-bath-beyond/index.html
In this Real Estate News Brief for the week ending March 4th, 2023... the Fed Chief's testimony before Congress for the current week along with a forecast on home prices and what national rent growth is doing for single family homes and multi-families. 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 comments from Fed Chief Jerome Powell about the central bank's fight against inflation. He spoke before the Senate Banking Committee and the House Financial Services Committee on March 7th and 8th. Bloomberg reports that he softened his tone slightly on the second day, saying that Fed officials will wait for new data on Jobs and inflation before they decide on the size of a rate hike when they meet later this month. He did say the rates will likely go higher than previously anticipated, but that depends on the new data and whether it indicates that the economy is still running hot. (1) Recent economic data shows strong job growth and inflation that seems to be ticking higher, instead of lower. But the Fed will be getting February reports on jobs, inflation, and retail sales before the Fed's next meeting on March 21st and 22nd. Those reports will have a strong influence on the central bank's next move. Short-term rates are currently running between 4.5% and 4.75%. The Fed has penciled in a target range of 5% to 5.25%. The weekly jobless report shows that initial unemployment claims were down again, for the seventh week in a row. They've been holding steady below 200,000, which is near a historic low. Last week, there were 192,000 new claims. Continuing claims also dropped. They were down 5,000 to 1.66 million. (2) Pending home sales bumped higher in January. The National Association of Realtors says that contract signings for existing homes rose 8.1%. That's a big bump, and the highest since June of 2020. That follows a pull-back in home sales as mortgage rates pushed higher, and then came back down slightly. Unfortunately, they have been rising again so we may see a new lull in home sales. NAR expects an 11.1% drop in existing-home sales for 2023. (3) Construction spending was down slightly in January. The government says it dropped .1%. Spending is up overall, at 5.7% for the past year. As for single-family construction, it was down 1.7% in January. (4) Mortgage Rates Mortgage rates continue to move higher, as I mentioned. Freddie Mac says the average 30-year fixed-rate mortgage was up 15 basis points this last week, to 6.65%. The 15-year was up 13 points to 5.89%. (5) The Mortgage News Daily has the average pegged at 7.1% for the 30-year. The Daily's COO, Matthew Graham says: “Rates continue to move at the suggestion of economic data, and the data hasn't been friendly. This is scary considering this week's data is insignificant compared to several upcoming reports.” (6) In other news making headlines… Lower Home Prices in the Coming Months? As mortgage rates hover in the 7% range, home prices will likely head lower in the coming months. According to Redfin, the typical U.S. home sold for just over $350,000 in February. That's down .6% from the previous year, and the first time prices have fallen since February 2012. But that's not making homes more affordable. The typical mortgage payment has hit a record high of $2,520. (7) Redfin's Deputy Chief Economist Taylor Marr says: “Mortgage rates rising to the 7% range was the straw that broke the camel's back, dampening home buying demand and leading to sellers asking less for their homes.” He expects prices to come down a bit more in the months ahead, but he says: “First-time buyers hoping to score a major deal this year are likely out of luck… because so few homeowners are listing their homes for sale.” When it comes to affordability, Redfin says that just 1 in 5 home listings were affordable last year. That's down from 2 in 5 in 2021. (8) National Rent Growth Rebound Multi-family rent growth did a u-turn in February, with the first positive number in several months. Apartmentlist.com reports that after months of decline, it was up by .3% in February to a year-over-year increase of 3%. The research team says it's following a seasonal trend and shows that rental demand is rebounding. (9) Single-family rent growth dropped by about 50% in December, but the latest report from CoreLogic shows that that annual rate is 6.4%. The report says that the average rent for a detached rental home had gone up about $300 a month over the past two years. And that markets in Florida, including Orlando and Miami have posted the highest gains. (10) That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review! You can also join RealWealth for free at newsforinvestors.com. If you're interested in learning more about real estate investing, please click on the Learn tab. When you become a member, you'll have full access to the site. That includes our market data, property teams, investment counselors, and a list of property tours that RealWealth is offering over the next few months. Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.bloomberg.com/news/articles/2023-03-08/powell-says-no-decision-made-on-speeding-up-pace-of-rate-hikes#xj4y7vzkg 2 - https://www.marketwatch.com/story/jobless-claims-fall-again-and-stay-below-200-000-for-seventh-week-in-a-row-523a6d27?mod=home-page 3 - https://www.marketwatch.com/story/pending-home-sales-rise-8-1-in-january-largest-increase-since-june-2020-1896d2d7?mod=search_headline 4 - https://www.marketwatch.com/story/u-s-construction-spending-falls-slightly-in-january-87b95bce?mod=mw_latestnews 5 - https://www.freddiemac.com/pmms 6 - https://www.cnbc.com/2023/03/02/mortgage-rates-back-over-7percent.html 7 - https://www.redfin.com/news/housing-market-update-home-sale-prices-fall-first-time/ 8 - https://www.redfin.com/news/share-of-homes-affordable-2022/ 9 - https://rentalhousingjournal.com/national-rent-growth-turns-positive-in-february/?utm_source=Master+Vendors&utm_campaign=88767b9e22-EMAIL_CAMPAIGN_2023_03_01_02_51&utm_medium=email&utm_term=0_-88767b9e22-%5BLIST_EMAIL_ID%5D 10 - https://www.corelogic.com/intelligence/corelogic-us-annual-rent-price-growth-dropped-by-nearly-half-in-december/
Your morning briefing. The news you need in just 15 minutes. On today's podcast:(1) The Fed Chief tells Bloomberg more hikes are needed.(2) The search for quake survivors continues in Turkey and Syria.(3) President Biden says the US will not default on its debt.(4) Credit Suisse to pay some banker bonuses in instalments.(5) A sneak peak at Rolls-Royce $500,000 electric Spectre.See omnystudio.com/listener for privacy information.
Embattled crypto founder Sam Bankman-Fried says he never meant to commit fraud and is down to $100K after hitting $26B. CNN Anchor Christine Romans joins to discuss the stunning collapse of crypto exchange FTX, and the civil and federal investigations Bankman-Fried is now facing. Republicans and Mark Zuckerberg fall in line behind Elon Musk and speak out against Apple's threat to remove Twitter from its App Store. Rep. Zoe Lofgren speaks with co-host Kaitlan Collins about the January 6 Committee meeting to consider potential criminal referrals, and what will happen to the records and evidence from the investigation.CNN Correspondent Veronica Miracle reports on Idaho police receiving forensic test results in the killings of four University students, and who now say the incident may not have been a targeted attack. The Dow enters a bull market as the Fed Chief teases slower rate hikes. CNN Business Correspondent Rachel Solomon joins to discuss what it means for you. CNN Correspondent Tom Foreman gives details of declassified documents that show George Bush hit back at claims the US could have stopped 9/11, and claimed the prior terror threat was only overseas. Fleetwood Mac's Christine McVie has died aged 79. Rolling Stone writer Brittany Spanos reflects on the singer-songwriter's career.Hosted by Don Lemon, Kaitlan Collins and Poppy Harlow. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices
Equity markets tread water on Tuesday ahead of remarks expected from Fed Chief Jerome Powell. Mr. Powell is expected to comment on inflation and could give insight into when and how high inflation will peak. There is a growing expectation on Wall Street the Fed Chief will both raise the target for peak inflation and extend the duration that it lasts. If this is the case the S&P 500 will most likely begin correction once again. Also on tap this week, the PCE price index. The PCE price index is expected to cool on a month-to-month basis but should remain high and in-line with current FOMC expectations. The risk is the PCE will affirm the expectation for higher inflation that lasts longer, an event that will seal the deal on the S&P 500's next move.
The first appointee to lead the Federal Reserve's innovation office is focused on modernizing the technology of the central bank itself. Her goal is to bring the agency into the 21st century, and to keep it up-to-date as change accelerates.
(2:36) - Beginning hour two with a conversation about St. Louis Fed Chief James Bullard, who is defending the Fed's credibility and pushing for more rate hikes.(16:08) - Touching on Apple's decision to cancel the planned production boost for the new iPhone due to lack of demand.(23:47) - The guys discuss how LeBron James and other NBA stars are planning to buy a pickle ball team in the professional pickle ball league.(37:19) - Corey Adams from Robert Half joined the show for an extensive review of the 2023 salary guide.
The President doesn't seem to know which way to turn...whether it be at the podium when delivering a speech, or when trying to decipher economic data on inflation. Indeed, Biden is giving new meaning to the term "dazed and confused." You see, while the President insists the U.S. economy is growing (despite six months of economic decline and mass inflation) the Federal Reserve is desperately trying to manage the stagflation risk that now threatens our country with a deep recession...including, as the Fed Chief just admitted, within the housing sector. In today's show, KeyCity Capital's Charlie Dombeck joins me to help answer an important question: can the Fed save Joe Biden from himself? Plus, find out which investments Charlie believes will help you best weather the coming financial storm... hint: it's not stocks. Today's Links: https://TrishIntel.com https://LegacyPMInvestments.com https://KeyCityCapital.com/Trish https://TrishRegan.Locals.com https://TrishRegan.storeSupport the show: https://trishregan.store/See omnystudio.com/listener for privacy information.
The Federal Reserve followed through with its plan for another rate hike this week. Fed officials hiked short term rates by three-quarters of a percent. Fed Chief Jerome Powell also reiterated his determination to bring inflation levels back down to 2% with more rate hikes and warned that the housing market is headed for a “correction.”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. Powell said after the September policy meeting: “Our expectation has been we would begin to see inflation come down, largely because of supply side healing. We haven't. We have seen some supply side healing but inflation has not really come down.” (1)Fed Hikes Short-Term RatesThe Federal Open Market Committee raised the Federal Funds rate to a range of 3 to 3.25%. It's the third consecutive .75% rate hike and brings the overnight lending rate to the highest it's been since early 2008.The central bank started raising rates in March from a level that was close to zero. Fed officials say they plan to continue to raise rates until they reach a “terminal rate” of 4.6%. That would be a range of 4.5% to 4.75%. They are expecting to raise the funds level another 1.25% this year with two rate hikes. That leaves one quarter point rate hike for next year.Personal Consumption Index GoalThe FOMC is hoping that rate hikes will push the Personal Consumption Expenditure index or PCE down to 5.4% this year, and the core rate to 4.5%. They aren't expecting to get inflation down to a target rate of 2.1% until 2025.Powell says: “My main message has not changed since Jackson Hole. The FOMC is strongly resolved to bring inflation down to 2%, and we will keep at it until the job is done.” He believes that a recession is possible, but that no one knows for sure if this will take place, or how significant it will be. (1)Shelter Costs A Big Part of InflationHe did warn that the fight against inflation, which has made homeownership unaffordable for many Americans, will likely lead to a housing market correction. Shelter costs have been a key component of the recent inflation run-up. That includes both the purchasing of homes and paying rent. Powell said that home prices have been rising at an unsustainably fast level, and that created a big imbalance between supply and demand. He said: “For the longer term what we need is supply and demand to get better aligned so housing prices go up at a reasonable level, at a reasonable pace, and people can afford houses again.” (2)Shelter Inflation Will Be Slow to FallBut he doesn't expect that to happen quickly. He says: “I think that shelter inflation is going to remain high for some time. We're looking for it to come down, but it's not exactly clear when that will happen. It may take some time. Hope for the best, plan for the worst.” Which is why the central bank is now hiking rates aggressively.As for the GDP, and a slower economy, Fed officials revised their GDP estimate for this year to just .2% and 1.8% for next year.We'll be reporting on how this will further affect the housing market, and specifically which markets will feel it the most, in upcoming episodes.To read more about this, check for links in the show notes at newsforinvestors.com. While you are there, please sign up for a free membership to RealWealth.com. You'll find hundreds of podcasts, webinars, and articles on a wide range of topics that include the housing market, the economy, and real estate investing. And please remember to subscribe to our podcast, and leave a review!Thank you! And thanks for listening. I'm Kathy Fettke.Links:1 - https://www.cnbc.com/2022/09/21/fed-rate-hike-september-2022-.html2 - https://www.cnbc.com/2022/09/21/real-time-updates-of-the-federal-reserves-big-rate-decision-and-powells-press-conference.html
In this Real Estate News Brief for the week ending August 27th, 2022... the Fed Chief's Jackson Hole message on rate hikes, the July dip in inflation, and why some home buyers say they have regrets. 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. https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715Economic NewsWe begin with economic news from this past week. Federal Reserve Chief Jerome Powell shook things up with some hawkish remarks in a speech at Jackson Hole. His comments triggered a major stock market sell-off with the Dow dropping more than 1,000 points.Powell's speech focused on the central bank's responsibility and resolve to get inflation back down to the 2% level. He said that could include another three-quarter point rate hike at the Fed's September meeting, but Powell said the size of the rate hike will depend on all the totality of the data between now and then. (1)He also warned that households and businesses will feel some pain because of higher interest rates, slower growth, and softer labor market conditions, but doubled down on the need to continue with tight monetary policy for an extended length of time. Some economists believe that means “no” rate cuts in 2023, even if inflation has settled back down. The Federal Funds rate is currently between 2.25% and 2.5% which Powell calls “neutral.” The Fed committee is expecting that rate hikes will bring it close to the 4% level, and it will remain there through the end of next year. But he says the Committee may offer a new prediction at the upcoming September meeting.Powell's speech came just after the latest report on the PCE or personal consumption expenditures index. That's the central bank's preferred gauge for inflation. The report shows inflation was down .1% in July, mostly due to lower gas prices. That brings the annual PCE down from 6.8% to 6.3%. (2) Powell responded to the report saying: “A single month's improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.”Meantime, the government issued an update on the second quarter GDP. It had initially said the economy contracted .9% but the revision shows it shrank .6%. The main reason for the upward revision is that consumer spending and business investment was stronger than previously reported. Business profits were also positive, after a decline in the first quarter. As MarketWatch reports, they were up 6.1% in Q2. That's good news because when companies are profitable, there's little incentive for layoffs. (3)The weekly jobless report also shows that layoffs remain near record lows. New jobless claims were down to a one-month low of 243,000. They've been as low as 166,000 in March, which is the second-lowest level ever. The summer high point was 261,000, but they've been edging lower since then.Moving on to home sales and the housing market slowdown. New home sales were down in July to their lowest level since January 2016. They fell 12.6% from an annual rate of 585,000 in June to 511,000 in July. Year-over-year, sales are down 29.6%. (4) Although that sounds bad, the housing market has been way too hot for quite some time. The slowdown will help slow home price growth, and bring the market back toward normal. Existing home sales are also down. The National Association of Realtors reports that they fell 1% in July compared to June. But that's less than the 3% drop that analysts polled by the Wall Street Journal had expected. Year-over-year, existing home sales are down 19.9%. NAR's chief economist Lawrence Yun says: “In terms of the current housing cycle, we may be at or close to the bottom in contract signings.” He says the smaller than expected drop is likely reflecting the stabilization of mortgage rates. (5)Mortgage RatesMortgage rates had been bouncing around a bit near the 5% mark, but this last week, they shot up closer to 6%, which may not sound like they are stabilizing. Freddie Mac says the average 30-year fixed-rate mortgage was 42 basis points higher to a rate of 5.55%. The 15-year was up 30 points to 4.85%. (6) NAR economist, Nadia Evangelou, says that higher mortgage rates are hurting buyers more than higher home prices. She says a one percent increase in the mortgage rate is like a 13% increase in home price. (7)In other news making headlines…Homebuyer RegretsThe sizzling hot housing market we've seen in the last couple of years had resulted in a high number of remorseful homebuyers. A survey by Clever Real Estate shows that 72% of buyers have regrets about what they purchased. Of those remorseful buyers, 66% were millennial first-time buyers who were in a rush to settle down and raise a family.About 1,000 people participated in the survey and had bought a home in either 2021 or 2022. 88% of those people said they were up against stiff competition which had an impact on their buying strategy. Many buyers said they increased their budget, sped up their plans to buy a home, expanded their search area, and even decreased the size of the home they wanted, in order to close on a deal. Some said they delayed their plans to purchase.The biggest reason for their regrets is having spent too much money. 1 in 3 buyers paid more than asking price. More than half the buyers bought a fixer-upper and about 1 in 4 regret it. There's a lot of data in this survey. If you'd like to see the full report, you'll find a link in the show notes at newsforinvestors.com.That's it for today. Please remember to hit the subscribe button, and leave a review!If you'd like to find rental properties that will help you build long-term wealth, please hit the “join” button at our website. As a member, you have access to the Investor Portal where you can view sample properties and connect with our network of resources. We can put you in touch with property teams, lenders, 1031 exchange facilitators, attorneys, CPAs, and of course, our experienced investment counselors.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/feds-powell-in-blunt-remarks-at-jackson-hole-says-bringing-down-inflation-will-cause-pain-to-households-and-businesses-11661522428?mod=federal-reserve2 -https://www.cnbc.com/2022/08/26/feds-preferred-inflation-measure-shows-price-pressures-eased-in-july.html3 -https://www.marketwatch.com/story/gdp-contracted-at-0-6-annual-pace-in-the-spring-11661431779?mod=inflation&mod=article_inline4 -https://www.marketwatch.com/story/u-s-new-home-sales-fall-in-july-the-lowest-level-since-january-2016-11661263938?mod=economy-politics5 -https://www.marketwatch.com/story/u-s-pending-home-sales-slip-again-in-july-11661349838?mod=economic-report6 -https://www.freddiemac.com/pmms7 -https://magazine.realtor/daily-news/2022/08/25/economist-mortgage-rates-hurt-buyers-more-than-home-prices8 -https://anytimeestimate.com/research/american-home-buyers-2022/
Strong words from Federal Reserve chairman Powell sent stocks down on Friday. (0:30) Jason Moser and Emily Flippen discuss: - Why long-term investors should not be surprised by Powell's comments - Snowflake's strong week - Zoom Video shares falling to a 2-year low - Ulta Beauty's strong 2nd-quarter sending shares close to an all-time high - Amazon making headlines for what it is NOT planning to do - The latest from Peloton, Electronic Arts, Nvidia, Salesforce, and Intuit (19:45) Maria Gallagher talks with Harvard Business School professor Ranjay Gulati about key insights from his book, Deep Purpose: The Heart and Soul of High-Performance Companies. (29:45) Emily and Jason answer listener questions about Quidelortho Corp. and Berkshire-Hathaway, and share two stocks on their radar: Doximity and Autodesk Our annual investing conference is free for Motley Fool members! For more details go to http://Fool.com/FoolFest. Stocks discussed on the show: SNOW, ZM, PTON, ULTA, AMZN, EA, NVDA, CRM, INTU, ETSY, QDEL, BRK.A, BRK.B, ADSK, DOCS Host: Chris Hill Guests: Emily Flippen, Jason Moser, Maria Gallagher, Ranjay Gulati Producer: Ricky Mulvey Engineer: Dan Boyd
In this Real Estate News Brief for the week ending June 25th, 2022... what the Fed Chief is promising about inflation, what's happening with home price cuts, and top destinations for home buyers, and investors. 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. Fed Chief Jerome Powell expressed his resolve, once again, to control inflation, but also warned that the Fed's aggressive interest rate hikes could result in some job losses. The Fed raised rates by three-quarters of a percent at the June meeting, and is planning to hike it again in July by either a half or three-quarter percent.Powell acknowledges that the Fed misjudged the risk of inflation and should have moved faster with the rate hikes. Powell said: “We did underestimate it. With the benefit of hindsight, clearly we did.” He says Fed officials anticipated a speedier end to the pandemic and supply chain issues, but that supply chain problems “remain problematic.” (1)Unemployment claims were down slightly last week, but they remain at a five-week high. Economists say it's a sign that the job market is cooling off although there's still a record number of job openings, and not enough employees to fill them. According to MarketWatch, 34 states and U.S. territories show a “decline” in jobless claims, while 19 show an increase. (2)New home sales picked up in May. The Commerce Department reports they were up almost 11% to a seasonally-adjusted annual rate of 696,000. That's a big jump from the April numbers which came in at 629,000. They are still down 5.9% for the year however. Home price growth is slowing, thanks to rising mortgage rates. The median sales price for a new home was $449,000 in May. That's down from a record high of $454.700. (3)Existing home sales were down in May, for a fourth month in a row. According to the National Association of Realtors, they were down 3.4% to a seasonally adjusted annual rate of 5.41 million. There are far fewer existing homes for sale than new homes. While the supply of new homes could last more than 7 months, the supply for existing homes is just 2.6 months. The median price for an existing home has hit a new record high of $407,600. (4)Consumer confidence is dropping as inflation continues. The University of Michigan consumer sentiment index shows it fell to an all-time low of 50 in June. 50 is considered the mid-point between positive and negative on a scale of 100. Consumers are unhappy about high prices and the impact on their standard of living. (5)Mortgage RatesMortgage rates continue to move higher. Freddie Mac says the average 30-year fixed-rate mortgage rose 3 basis points to 5.81%. The 15-year was up 1 basis point to 4.92%. (6)In other news making headlines…Sellers Are Cutting PricesWe're starting to see more price cuts for listed homes. Data real estate firm Redfin says that almost one out of five home sellers lowered their price in May. That's the highest rate of price cuts since October of 2019. (7)Zillow economist Nicole Bachaud told Market Watch that it's a sign of the housing market rebalancing. She says: “The share of listings with a price cut is creeping up, possibly a sign that sellers cannot be quite as ambitious in their pricing strategy as they coil have in recent months.” She says homes are selling as fast as they ever have, and the typical homes is selling in seven days for more than the listing price.Homebuyers Love FloridaRedfin also did a little research on current trends for homebuyer destinations. It says that buyers are chasing after affordability, and that found that two Florida cities topped the destination list in April and May. Miami was number one as it has been all year, and Tampa pushed Phoenix out of the way for second place. (8)Tampa has become very popular since the start of the pandemic. Prices are up 28% year-over-year, but Tampa remains relatively affordable. A typical Tampa home sells for around $370,000. The national median is $424,000.Redfin says that Tampa is attracting a lot of newcomers from New York and the Northeast. Redfin says it's also attracting a lot of investors, which we, at RealWealth, can attest to. It's a strong market for rental properties, including single-family homes.You can find out more about buying single-family rentals by going to our website at newsforinvestors.com. It's free to join, and free to talk to our investment counselors, and get access to our list of resources. Joining a network is also a great way to meet other like-minded investors like yourself.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.cnn.com/2022/06/23/economy/fed-jerome-powell-house-testimony/index.html2 -https://www.marketwatch.com/story/unemployment-claims-fall-slightly-to-229-000-but-labor-market-might-be-cooling-off-11655988191?mod=economy-politics3 -https://www.marketwatch.com/story/u-s-new-home-sales-stronger-in-may-11656079765?mod=economic-report4 -https://www.marketwatch.com/story/u-s-existing-home-sales-fall-for-4th-straight-month-in-may-while-prices-skyrocket-11655820059?mod=economic-report5 - https://www.marketwatch.com/story/consumer-sentiment-drops-to-record-low-as-inflation-worries-grip-u-s-11656079725?mod=economy-politics6 -https://www.freddiemac.com/pmms7 -https://www.marketwatch.com/picks/the-share-of-listings-with-a-price-cut-is-creeping-up-5-economists-and-real-estate-pros-on-what-the-housing-market-will-look-like-this-summer-016540284728 -https://www.redfin.com/news/may-2022-housing-migration-trends/
US equity markets kicked off the short trading week with a bang. But gains may not last as the Jerome Powell's semiannual testimony could turn the market mood sour again as the Fed Chief is expected to reiterate his strong commitment to fighting inflation even if it means slower economy and a softer jobs market. The calm reins in the FX markets, with the dollar index pushing higher this morning, as the markets prepare for some hawkish comments from the Federal Reserve (Fed) Chair Jerome Powell today. Gold is down for the fourth day, and Bitcoin struggles to extend gains into $22K mark. Crude oil fell to $106 per barrel this morning, as iShares Diversified Commodity index broke the 50-DMA significantly for the first time this year. Energy and commodities' effectiveness in hedging the rising inflation may be easing, as a global recession would hit demand, and let the energy sector retrace a part of last year's rally. Listen to find out more!
5PM ET 05/31/2022 Newscast Learn more about your ad choices. Visit megaphone.fm/adchoices
2PM ET 05/31/2022 Newscast Learn more about your ad choices. Visit megaphone.fm/adchoices
Biden's blown it and the country is now waking up to the reality that, "the emperor has no clothes." A new poll proves Americans see-through the mainstream media's “Biden bias.” Americans recognize how differently the media treats Biden compared to Trump. This matters – to both November's election and the presidential race in 2024. Trish Regan reacts. Meanwhile, even Amazon's Jeff Bezos is calling out Biden's misinformation. Find out how the tech entrepreneur just slammed the White House. And, you know what they say… “Go woke, go broke?” Streaming giant Netflix He's waking up to that reality and telling employees that don't like their content, to effectively, take a hike! Will it matter or have consumers just moved on? Finally, there's this: a former Fed Chief admits the Fed made a mistake on inflation! As Trish Regan said 18 months ago, inflation was never transitory. Now we risk the greatest economic challenge since the 1970s. So, is it possible to invest in this climate? Warren Buffet thinks so. Find out what he's doing right now. Join Trish for much more on her website https://trishintel.com and follow her on social media on locals @https://Trishregan.locals.com, on TruthSocial @TrishRegan And on Twitter @trish_regan. Today's links: Https://Americanfinancing.net https://AMAC.US/Regan https://legacypminvestments.com Support the show: https://trishregan.store/ See omnystudio.com/listener for privacy information.
Here's what is happening in the markets today, Friday, April 22nd Stocks fall: Nasdaq down more than 2% Reason: Fed Chief Powell - again 10-year yield close to 3%! Good news from Tesla (TSLA), United Airlines (UAL) and American Airlines (AAL) … and much more PLUS: Here's what we traded yesterday This wraps up today's stock market news. If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast. And for more stock market news, visit our YouTube Channel: https://youtube.com/rockwelltrading2008 #todaysstockmarket #stockmarkettoday #stockmarket
Here's what is happening in the markets today, Tuesday, March 22nd
Here's what is happening in the markets today, Thursday, January 27th- Powell spoke, and markets tanked- Here's what he said- Tesla (TSLA) reported earnings - Here's what happened- More earnings from LendingClub (LC), Intel (INTC) and Levi Strauss (LEVI)… and much moreThis wraps up today's stock market news.If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast. And for more stock market news, visit our YouTube Channel: https://youtube.com/rockwelltrading2008#todaysstockmarket #stockmarkettoday #stockmarket
Earnings season kicks off with the latest results from JPMorgan Chase, Wells Fargo, and Citigroup. Take-Two Interactive buys Zynga for $12.7 billion. Elastic's CEO moves to the CTO role. Virgin Galactic needs more money. Meta Platforms shuts down its dating service. Domino's makes changes to deal with inflation. Crocs makes a play for the luxury market. Maria Gallagher and Jason Moser analyze those stories, discuss why they're most curious about upcoming results from Pinterest and Etsy, and share two stocks on their radar: Adyen and Nvidia. CFP Malcolm Ethridge analyzes what Federal Reserve Chair Jay Powell said on Capitol Hill this week and why it matters to investors. Plus, he offers a preview of the 2nd season of "The Tech Money Podcast" and shares why he's keeping an eye on real estate, health care, PayPal, and UnitedHealth Group. Looking to get started investing? We'd love to help with a FREE copy of our Investing Starter Kit. Just click over to www.fool.com/StarterKit and we'll email it to you. Stocks: WFC, C, JPM, TTWO, ZNGA, ESTC, PINS, AMZN, ETSY, SPCE, MTCH, META, DPZ, CROX, PYPL, UNH, NVDA, ADYEY Host: Chris Hill Guests: Maria Gallagher, Jason Moser, Malcolm Ethridge Engineer: Dan Boyd
Here's what is happening in the markets today, Wednesday, January 12th- Fed Chair Powell testified - and here's what happened- Did you see what happened to Las Vegas Sands (LVS)?- Today's focus: Consumer Price Index (CPI)- Virgin Orbit (VORB) on the move- What's next for JD.com (JD) … and much moreThis wraps up today's stock market news.If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast. And for more stock market news, visit our YouTube Channel: https://youtube.com/rockwelltrading2008#todaysstockmarket #stockmarkettoday #stockmarket
Here's what is happening in the markets today, Wednesday, December 1stThe markets continue their rollercoaster ride.Here's what you need to knowLet's take a look at what's moving the markets today.This wraps up today's stock market news.If you enjoyed the "Stock Market Today" episode, make sure to subscribe to this podcast. And for more stock market news, visit https://rockwelltrading.com.#todaysstockmarket #stockmarkettoday #stockmarket
Fed Chair Powell says appropriate to consider accelerating taper process. Dollar spikes higher but cannot sustain gains, stocks close lower. Heavy dose of economic data releases today, OPEC begins meeting.Risk Warning: 74.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-videoIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.Visit our page for more: http://www.xm.com the international Forex broker.
After a week off due to illness, we're back with a new episode of Bitcoin Magazine's “Fed Watch'' podcast. In this one, Christian Keroles and I sit down to talk about the mysterious competitive world of central banking. Topics include Powell's reappointment and, funnily enough, what it means for the ECB. There is an epic pivot in loyalties happening right now, as the Fed takes to heart its role as the US central bank and distances itself from a responsibility to Europe. 0:00 Welcome to Fed Watch #71 1:30 Comparing US Inflation to the ECB and BOJ 2:55 Tom Luongo the next Fed Watch Guest 3:38 Reappointing Jerome Powell as Federal Reserve Chairman 7:33 Central Banks Adressen Stabl eCoins, Bitcoin And Crypto Assets 12:37 The ECB and Central Bank digital Currencies 13:07 Europe is under Pressure 16:53 Bitcoin can Benefit from The current Situation in the EU 18:28 Speculative Attacks with Bitcoin 22:36 Europe in the weakest Makro Position 23:45 The Current Bitcoin Price Action 28:51 Go Follow: @AnselLindner & @Ck_Snarks We start the episode with our first trivia winner. I wanted people to answer the question, if central bank balance sheets matter, why are the ECB and BOJ's inflation rates lower and balance sheets higher relative to GDP than the US's? Mitch (@wittyusername30) had the best answer. Congratulations. To paraphrase: central banks don't print money, they swap inert reserves for useful collateral. This has a deflationary pressure on the economy. Powell gets renominated as Chairman Powell was renominated by Biden for Fed Chairman, winning out over his competition, Lael Brainard. Several reasons were cited, like Powell's path through Senate confirmation is much easier, while Lael might meet with a split vote along partisan lines in a 50/50 Senate. Also, officials said Powell was being “rewarded” with another term for successfully shepherding the economy through the 2020 Covid recession. I view this appointment as having a deeper meaning. 1) We've talked at length on this show about Powell's refusal to go along with the Central Bank Digital Currency (CBDC) hype. Other central banks are pushing hard for CBDC, and Powell continuously splashes cold water on that idea. This symbolizes a break with globalist interests in favor of American banking interests. 2) Powell has faced rising Progressive opposition from Congress. Crazies, like Sen. Elizabeth Warren, have attacked him because he is not dovish enough and not buying into the Fed's role in climate policy. His reappointment is a repudiation of sorts against Progressives and their toxic ESG initiatives. 3) Lael is the more globalist-friendly choice. Powell symbolizes a break with globalists to a more America-centric policy. ECB Regulation and Panic Next, we jump right into ECB news. This week they released a new regulatory framework for electronic payments. The Eurosystem will use the new framework to oversee companies enabling or supporting the use of payment cards, credit transfers, direct debits, e-money transfers and digital payment tokens, including electronic wallets. The PISA framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet. ECB Press Release This stands in stark contrast to the US, where the White House and Treasury tried to carve out a bitcoin exception in the recent Infrastructure Bill, which ironically was thwarted by altcoiners wanting to protect scams that are Decentralized In Name Only (DINOs). The ECB is scared that the Euro will lose market share in the years to come, whittling away their “monetary sovereignty”. They want to block competition from dollar stablecoins and bitcoin, while at the same time provide the market with a digital Euro. A digital Euro the market hasn't seen fit to provide itself by the way. It was during the peak of EDC1, that bitcoin first established itself and rallied in the bitcoin bubble of 2011 to $30. Could we see a repeat 30x rally this time? Probably not that much, but a massive rally is in the cards in the coming year. Thanks for listening. If you found this episode informational, please share and give us a rating on iTunes so others can find the show! Links Biden Keeps Powell as Fed Chief, Elevates Brainard to Vice Chair https://archive.ph/9j4PA Eurosystem publishes new framework for overseeing electronic payments https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr211122~381857cdfe.en.html Written by Ansel Lindner Economist, bitcoin specialist, and author of the Bitcoin Dictionary and the free weekly Bitcoin Fundamentals Report. Find more from Ansel at the bitcoinandmarkets.com
Bloomberg News International Economics and Policy Correspondent Michael Michael McKee and Bloomberg Economics Chief U.S. Economist Anna Wong discuss President Biden selecting Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevating Governor Lael Brainard to vice chair. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, talks about surging Covid cases in Europe. Bloomberg Digital News Executive Editor Joe Weisenthal shares his Businessweek story For Powell, This Is a Volcker Moment in Reverse. Bloomberg New Economy Editorial Director Andy Browne explains how the U.S. and China can avoid going over a diplomatic cliff. Bloomberg Intelligence Senior Analyst Ken Shea has the details of Monster Beverage exploring a deal with Constellation. And We Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management. Hosts: Carol Massar and Ed Ludlow. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Bloomberg News International Economics and Policy Correspondent Michael Michael McKee and Bloomberg Economics Chief U.S. Economist Anna Wong discuss President Biden selecting Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevating Governor Lael Brainard to vice chair. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, talks about surging Covid cases in Europe. Bloomberg Digital News Executive Editor Joe Weisenthal shares his Businessweek story For Powell, This Is a Volcker Moment in Reverse. Bloomberg New Economy Editorial Director Andy Browne explains how the U.S. and China can avoid going over a diplomatic cliff. Bloomberg Intelligence Senior Analyst Ken Shea has the details of Monster Beverage exploring a deal with Constellation. And We Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management. Hosts: Carol Massar and Ed Ludlow. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Our Top Stories Include: Biden To Name Fed Chief By Friday, The Government Will Back $1 Million Mortgages and Your Private Jet Charter is Sold Out. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, we’ve got Jerome Powell on the brain. As he prepares to make a major speech at the virtual Jackson Hole summit this week, Treasury Secretary Janet Yellen, a Democrat, has indicated that she’d like Powell, a Republican, to keep his job as Federal Reserve chair after his current term ends in February. Some Dems aren’t on board, and that’s causing a rift in the party. We’ll explain why. Plus, we’ll discuss what a California ruling could mean for ride-hailing companies like Uber and Lyft and close this Whaddya Miss Monday with a COVID-19 roundup. Here’s everything we talked about: “Yellen for Powell?” from Politico “Fed chair Jerome Powell says there’s no returning to pre-pandemic economy” from PBS Newshour “Cuomo Blames ‘Political Pressure and Media Frenzy’ in Farewell Speech” from The New York Times “Theranos Founder Elizabeth Holmes Is Ready for Her Day in Court” from Bloomberg “Prop. 22, the gig worker exemption for Uber and Lyft, is ruled unconstitutional” from The San Francisco Chronicle “Sex workers who use OnlyFans say they’re being ‘pushed off a platform that we made successful'” from Business Insider “Texas Drops Enforcement of Its Governor’s Ban on Mask Mandates” from The New York Times “South Dakota sees the country’s largest two-week COVID surge” from Fortune “200 COVID-19 cases linked to Lollapalooza so far, Chicago officials say” from the Chicago Tribune “Happy Birthday, Xiao Qi Ji! National Zoo’s Panda Cub Turns 1” from WRC-TV The Tweet thread Why You Should Not Use Ivermectin to Treat or Prevent COVID-19 from the Food and Drug Administration Our show needs your voice! Tell us what you think of the show or ask a question for our hosts to answer! Send a voice memo or give us a call at 508-82-SMART (508-827-6278).
Today, we’ve got Jerome Powell on the brain. As he prepares to make a major speech at the virtual Jackson Hole summit this week, Treasury Secretary Janet Yellen, a Democrat, has indicated that she’d like Powell, a Republican, to keep his job as Federal Reserve chair after his current term ends in February. Some Dems aren’t on board, and that’s causing a rift in the party. We’ll explain why. Plus, we’ll discuss what a California ruling could mean for ride-hailing companies like Uber and Lyft and close this Whaddya Miss Monday with a COVID-19 roundup. Here’s everything we talked about: “Yellen for Powell?” from Politico “Fed chair Jerome Powell says there’s no returning to pre-pandemic economy” from PBS Newshour “Cuomo Blames ‘Political Pressure and Media Frenzy’ in Farewell Speech” from The New York Times “Theranos Founder Elizabeth Holmes Is Ready for Her Day in Court” from Bloomberg “Prop. 22, the gig worker exemption for Uber and Lyft, is ruled unconstitutional” from The San Francisco Chronicle “Sex workers who use OnlyFans say they’re being ‘pushed off a platform that we made successful'” from Business Insider “Texas Drops Enforcement of Its Governor’s Ban on Mask Mandates” from The New York Times “South Dakota sees the country’s largest two-week COVID surge” from Fortune “200 COVID-19 cases linked to Lollapalooza so far, Chicago officials say” from the Chicago Tribune “Happy Birthday, Xiao Qi Ji! National Zoo’s Panda Cub Turns 1” from WRC-TV The Tweet thread Why You Should Not Use Ivermectin to Treat or Prevent COVID-19 from the Food and Drug Administration Our show needs your voice! Tell us what you think of the show or ask a question for our hosts to answer! Send a voice memo or give us a call at 508-82-SMART (508-827-6278).
Transcript00:00:00 IntroKathy Fettke [Speaker]In this Real Estate News Brief for the week ending July 31st, 2021… an inflation surprise for the Fed Chief, where single-family rents are growing the most, and a pet's influence on home buying decisions.Hi, I'm Kathy Fettke and this is Real Estate News for Investors.Economic NewsWe begin with economic news from this past week. Fed Chief Jerome Powell uttered words that many economists had predicted -- inflation has risen higher and faster than he expected. But he still believes that prices will settle back down. As to when it will happen, he says that inflation will probably return closer to the central bank's 2% mark in the next year… or so. There was “no” change to the Fed's bond-buying strategy, or short-term interest rates. (1)The unemployment lines were a little shorter last week. Initial jobless claims were down 24,000 to 400,000. That's after a surge that brought them to a two-month high. The previous increase was partially due to the shutdown of auto manufacturing plants for retooling during the last few weeks of July. The total number of continuous claims from all state and federal programs is still above 13 million. (2)Consumer spending was up as Americans took long overdue vacations and services they avoided during the pandemic. The government reported a 1% increase in spending for the month of June. (3) But some of that spending is due to higher prices as inflation ticks up. Prices were up 5.4% year-over-year in June. If you exclude food and energy, they were up 4.5%. (4) Turning now to real estate, new home sales slid 6.6% in June. That's the lowest level since the beginning of the pandemic. Buyers have been discouraged by increasingly higher prices, and a diminishing supply of affordable homes. New homes sales had surged to an annual rate of 1 million at the beginning of the year, but they are now down to a rate of 676,000. (5)Pending home sales for existing homes also fell in June, but not as much. The National Association of Realtors says they were down 1.9% nationally. They were up in the Midwest and the Northeast, but declined in the West and South. (6) So what about those high home prices? Case-Shiller says the national composite index hit a new record in May for the second month in a row. It was up 16.6% year-over-year. That's up from 15% in April. The 20-city index shows an even higher increase of 17% in May. The Federal Housing Finance Agency reported similar results. That index shows a record 18% increase for the year. (7) There are mixed results on consumer confidence. The Consumer Confidence Board says the index edged up a bit in July because consumers are feeling good about the lifting of Covid restrictions, although the Delta variant is threatening our newfound freedom. (8) A survey on consumer sentiment by the University of Michigan shows that consumers are more pessimistic. That index fell from a reading of 85.5 to 81.2, in part due to worries about inflation. (9)Mortgage RatesMortgage rates didn't move much. Freddie Mac says the average 30-year fixed-rate mortgage was up 2 basis points to 2.8%. The 15-year was down by the same amount to 2.1%. (10)In other news making headlines...Single-Family Rent GrowthSingle-family rents have been soaring in many parts of the country. Core Logic's latest update shows the national year-over-year increase for May was 6.6%. That's up from 1.7% in May of last year.CoreLogic economist Molly Boesel says: “Strong job and income growth, as well as fierce competition for for-sale housing, is fueling demand for single-family rentals.” (11)Rents in Phoenix have gone up the most. Those rents are up 14%. Tucson was second highest with a gain of 11.1%. Las Vegas was third, with a 10.7% year-over-year increase.CoreLogic also broke the data down into price tiers. At the lower levels where rent is 75% or less than the regional median, rents were only up 4.6%. The increases grow larger for the higher-priced SFRs. Rents for homes that were 125% of the regional median or more, were up 7.9%.Eviction Moratorium DeadlineThe eviction moratorium expired on July 31st despite last ditch efforts by some members of Congress to get an extension. The moratorium was initially imposed by the CDC, and the Supreme Court ruled that it could remain in place until the end of July, but after that, it could only be extended by Congress. (12)Democrats scrambled on Friday to get enough votes for an extension, but that legislation was rejected, and the House adjourned for August recess. President Biden has asked state and local governments to “immediately disburse” rental assistance funds to help renters, and their landlords.Pets As Home Buyer PriorityThere's new evidence that home-buying decisions are largely based on the needs of pets. A Home.com survey found that 68% of homeowners said they had moved to a new home to accommodate their pets. Of the renters who bought a home, two thirds did so because they wanted to get a pet or keep the one they already had. (13)One in five people said they rejected a home because it wasn't pet-friendly enough. Some of the things they are looking for are secure fencing, yard space, hardwood floors, and a mudroom. They also want to be close to parks and places where dogs can play.Last year, Realtor.com did a survey with similar results.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.00:06:37 EndLinks:1 - https://www.marketwatch.com/story/feds-powell-admits-inflation-has-risen-higher-than-expected-but-he-still-thinks-it-will-all-fade-away-11627500977?mod=federal-reserve2 - https://www.marketwatch.com/story/jobless-claims-fall-after-hitting-two-month-high-11627562987?mod=economic-report3 - https://www.marketwatch.com/story/consumers-boost-spending-in-june-and-spearhead-u-s-economic-recovery-11627649220?mod=economy-politics4 - https://www.cnbc.com/2021/07/13/consumer-price-index-increases-5point4percent-in-june-vs-5percent-estimate.html5 - https://www.marketwatch.com/story/sales-of-new-homes-slump-to-the-lowest-level-since-start-of-pandemic-high-costs-and-low-selection-are-to-blame-11627308798?mod=economic-report6 - https://www.marketwatch.com/story/pending-home-sales-dip-in-june-after-surging-in-prior-month-11627567417?mod=economy-politics7 - https://www.marketwatch.com/story/no-letup-in-home-price-gains-in-may-case-shiller-11627391524?mod=economic-report8 - https://www.marketwatch.com/story/u-s-consumer-confidence-rises-slightly-in-july-to-16-month-high-11627394776?mod=economic-report9 - https://www.marketwatch.com/story/u-s-consumer-sentiment-falls-in-july-as-inflation-expectations-hit-13-year-high-11627655744?mod=economy-politics10 - http://www.freddiemac.com/pmms/11 - https://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/real-estate-news-single-family-rental-report-for-2021-corelogic-may-2021-single-family-rent-index-sfri-molly-boesel-home-rental-data-for-2021-12637.php12 - https://www.marketwatch.com/story/biden-calls-on-congress-to-extend-eviction-moratorium-2021-07-29?mod=mw_latestnews13 - https://magazine.realtor/daily-news/2021/07/29/consumers-are-moving-for-their-pets
Equity markets wobbled again on Wednesday as hotter than expected inflation data capped gains driven by better-than-expected earnings. Reports from the big banks reveal ongoing improvement in the consumer but that news was overshadowed by inflation fears. The producer price index, a leading indicator of consumer inflation, rose 1.0% from the previous month in an acceleration that drove year-over-year inflation to 7.3%. The news was compounded by testimony from Fed Chief Jerome Powell who says that inflation has accelerated unexpectedly and that high inflation could linger for months. Even so, the FED Chief says there's no expectation for raising interest rates anytime soon. The next big test for the market will come over the next two days with the release of several important economic data points
The Fed Chief signaled that interest rate hikes could happen in 2023, then another Fed official says it may be as soon as 2022. It's not only puzzling to many Americans, in June it prompted the worst sell-off on Wall Street since the fall of 2020. Considering that and the concern over rising taxes, Mike simplifies what these issues could mean for your portfolio and the future of your retirement. See omnystudio.com/listener for privacy information.
Oil rally ends, cryptos in doubt, and US Treasury auctions implication on Bond yields this week. The Morning Run gets into this with Jeffrey Halley, Senior Market Analyst with OANDA, and also dive into Jeff's thoughts about Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen's first joint testimony before a U.S House committee.
In this Real Estate News Brief for the week ending February 13th, 2021... new comments from the Fed Chief on the risk of inflation, a new extension for government forbearance programs, and a forecast on homebuyer demand. We begin with economic news from the past week, and Fed Chief Jerome Powell’s commentary about inflation. He spoke before the Economic club of New York saying he doesn’t expect a big jump or a sustained increase in inflation right now. He says: “Inflation has been much lower and more stable over the past three decades than in earlier times. In the 1970’s, when inflation would go up, it would stay up.” www.NewsForInvestors.com
With Janet Yellen's installation as the first female Secretary of the Treasury (how is that not sexist??) the relationship of the former Fed Chief with her former charge grows cozier than ever. Which is cause for alarm... - Chief Investment Strategist Lance Roberts -------- Articles Mentioned in this show: https://realinvestmentadvice.com/technically-speaking-why-we-reduced-risk-last-week/ -------- Get more info & commentary: -------- SUBSCRIBE to The Real Investment Show here: -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ #Stocks #Money #Finance
Markets in a cautious mood as lockdown reality eclipses vaccine hype. Stocks pull back, dollar climbs, but moves rather small in size. Main event today: Discussion panel featuring Fed, ECB, and BoE chiefs. ECB sticking to its guns about more stimulus, will Fed follow suit?Risk Warning: 77.19% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-videoIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.Visit our page for more: http://www.xm.com the international Forex broker.
In this Real Estate News Brief for the week ending October 10th, 2020... Fed Chief calls for more stimulus, the job market recovery cools off, and a haunted house appears on Zillow. We begin with economic news from this past week, and comments from Fed Chief Jerome Powell about the need for more stimulus. In a speech to the National Association for Business Economics, he said it’s better for Congress to offer too much support than too little. www.NewsForInvestors.com
The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law). Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high. (Entire episode transcript is below. Read as you listen.) In the pandemic, tenants want single-family homes more than communal apartments. Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee. Homebuilder sentiment is high? Why? High demand, low inventory, low rates. Stagflation is explained. It is a stagnant economy with high inflation. There are signs that inflation is poised to increase. Resources mentioned: Inflation Triple Crown video: https://youtu.be/dZojl686fU0 Section 8 turnkey property: www.GetRichEducation.com/Section8 Stagflation video: https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be Elevator Anxiety: https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete Episode Transcript: Welcome to Get Rich Education. I’m your host, Keith Weinhold. The rich are getting richer and the poor are getting poorer. I can’t think of any one time in my life where that’s been happening more than it has been than right now. I’ll tell you why - and what you need to do to get on the right side of that. What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education. ____________ Hey, you’re inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I’m Keith Weinhold. This is Get Rich Education. The rich are getting richer, the poor are getting poorer - and I can’t think of any one time in my life where that’s been happening more than it has been than right now. Because Americans living paycheck-to-paycheck might now be ... paycheck-less. Some of them are laid off - because of the pandemic - and now they're concerned that there's no national eviction ban. That’s right. In most states, non-paying tenants CAN be evicted at this time. Now, you’ve got to check your local law. Well, when is Congress going to do something to relieve those that the pandemic has left unemployed? Well, they don’t even reconvene until after Labor Day. Some people are wondering - “Where is the CARES Act 2?” Where are those updated forbearance options, eviction moratorium, the PayCheck Protection Program, and the $1,200 stimulus checks and the stepped-up weekly unemployment compensation? In fact, Richmond Fed President Thomas Barkin had good metaphor. He said: “Months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate. Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate.” That’s the end of what the Fed President said. Now, look, I think there’s a lot to be said for just letting the free market do it’s job. But it’s a little hard to be in this laissez-faire, Austrian economics school of thought when some people could be suffering. So that you know what I’m talking about, “lay-say-fare” basically means no government intervention into the free market. Meanwhile, the rich are bingeing off Federal Reserve policy and liquidity injections that keep mortgage interest rates at historic lows and the S&P 500 at an all-time high. Mortgage rates recently dipped below 3%, which is just amazing. You don’t even have to be THAT rich … to benefit. If you’ve got substantial exposure to the real estate market or the stock market, chances are, that those assets are doing alright. One thing that you need to keep in mind as an investor, is that, when the Fed puts rates on the floor, it affects more than just MORTGAGE rates - it affects other rates too - like savings account rates. Just look at the rates at bank savings accounts. Even if you’re in one of these online banks that give better yields than traditional brick-and-mortar banks - we’re talking about online-first banks like Ally Bank and Popular Bank - they were paying two-and-a-half percent on savings accounts not all that long ago. Even those banks are now down to about three-quarters of one percent - probably less than the real rate of inflation. So because savers get punished worse than ever right now, that, in turn, forces more people INTO things like real estate, because you’re in search of that yield. Even retirees can’t rely on the paltry income from three-quarters of one percent yield so they have to go to the markets to chase yields too - sometimes unwillingly. Well, when all these people that got negative REAL yield on savings accounts and CDs - and aren’t going to stand for it anymore, it forces more demand … and money into markets and consequently, floats the price of everything up. That’s what’s going on now. Now, I personally don't really like this deepening canyon between the "rich” and the “poor". But I know which side I'd rather be on. Besides the investment properties, a lot of people want to move and shake-up their living situation like never before - their primary residence - and filter their new home-buying criteria on pandemic ways of life. Bidding wars are rampant for single-family homes. How rampant are they? Well, Zillow just reported their highest daily active user count ... ever. Now, though property data can move even slower than your last 1031 Exchange did, Real Estate Economist Daren Blomquist just compiled THESE year-over-year price changes through quarter two. You’ve heard Daren Blomquist on the show here. He broke this down this way: City real estate is up +4% - again, this is all year-over-year through the second quarter. Town +4% Suburban +5% Rural +11% The two sources are ATTOM Data Solutions and the U.S. Census Bureau. So rural is appreciating the best. City and town is appreciating the least. With time, I expect urban areas and apartments to slump. Of course, urban areas and apartments kind of go together. In the pandemic, living in a lot of large apartment buildings has become about as fashionable as Jazzercise and The Atkins Diet. Of course, at GRE, we've long focused on rental single-family homes. We’ve talked a little about apartments and you know that I started out with a four-plex & got my start in real estate that way. This week, NAR Chief Economist Lawrence Yun noted: " ... (There's) an oversupply of apartment buildings, especially in city centers given the evident recent shift in consumer preference for single-family homes in the suburbs. Lawrence Yun continued: "Apartment rent growth could therefore be tough going ahead. The rise of single-family units is welcome, as overall inventory of homes for sale are down 19% from one year ago and there is intense buyer competition in the market as a result." That’s the end of what Lawrence Yun said. As long as your tenant can pay the rent, this is welcome news for your existing single-family rental homes - like the ones that you’ve acquired through GREturnkey.com. It puts upward pressure on the price. So congratulations there. The appetite for real assets, especially desirable rental single-family homes, now propelled by low inventory and low interest rates has put you in good shape if you’ve acted. But of course, the COVID pandemic isn’t over. We don’t really know how all of this is going to turn out. And even when a vaccine is developed, remember that it will probably take … at least a few months to distribute it. In my OWN portfolio, all of my single-family rental homes are occupied - 100%. But my apartment building vacancies are unusually high right now. When we talk about apartment buildings and office buildings as well - Axios recently reported about how residents and workers are experiencing what they call “elevator anxiety”. I’ll put that in the Show Notes for you. An elevator is one of the most physically, uncomfortable awkward places to be in the pandemic. If you’re wondering about how that real estate looks - we’re generally talking about buildings that are four or more stories in height. In fact, the ADA - the Americans with Disabilities Act - stipulates that properties with four or more stories generally are going to need to have an elevator. I’ll tell ya - if apartment buildings are as unfashionable as the Adkins Diet these days, then being inside an elevator is about as hip as Jane Fonda workout videos, NordicTrack, and Sweatin' To The Oldies with Richard Simmons. https://youtu.be/na9ZZ4ZjVa8?t=28 Oh geez. Did that really just happen? I guess it did. So … while we’re all processing that, getting back to real estate here. Now, Fannie Mae and Freddie Mac recently said that they will start charging a 0.5% “adverse market fee” on all refinances, including both cash-out and non-cash-out refis. They were trying to put that new fee into effect for next month. What a drag that would be. So for every $200,000 you refinance, you’d have to pay an additional $1,000 fee - or maybe your lender would pay it. What Freddie Mac said is: “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new … what they call ... Market Condition Credit Fee in Price”. Freddie sent in their notice to lenders. Wouldn’t that be an annoying fee? Well, almost immediately, the National Association of Mortgage Brokers struck back. They launched a campaign to reverse that newly announced one-half of one percent refinancing fee. We’ll see where that goes. Now, things are really good for homebuilders these day. An index measuring homebuilder sentiment matched its highest level ever yesterday. Why? I mean, it’s simple. There is a healthy amount of DEMAND from buyers and not enough homes to meet it. Also, the 30-year fixed mortgage rate bottomed out at 2.88% in August, the lowest point on record. Those low borrowing rates are boosting homebuyers' appetites … obviously. There really are a few recent stories that are de facto microcosms - reflections of this appetite for a work-from-home arrangement and less dense housing. For example, it’s really telling to look at what the outdoor clothing and gear company, REI just did. Do you like REI? I like shopping there. Even if you aren’t into outdoor stuff, you can always find a cool water bottle or something at REI. Well, they just announced plans to sell the lavish corporate campus that they had just finished building near Seattle. REI executives concluded that employees were able to collaborate remotely better than the company originally THOUGHT ...so a massive physical HQ just wasn’t worth the cost any longer. So REI is selling what they had just built. Other real estate segments falling out of favor - are those high-density places, like you might expect - New York City and San Francisco. StreetEasy reported that Manhattan home values dropped 4.2% since last year and homes are lingering on the market more two months longer … than they had just last year. San Francisco list prices are down 5% annually, while inventory is up 96%. Yes, a near doubling of available inventory in San Francisco. NYC and San Francisco were already the most expensive housing markets in the country BEFORE the pandemic. And life under lockdown has given people that nudge they had already been considering for years. And then, single-family homes in outlying areas are the real beneficiaries here. There have been a number of notable milestones. COLORADO SFH sales rose 21% July-over-July. The median price statewide in Colorado is now $444,000. Just looking at Denver, Denver just broke the $600K mark for the first time ever. So, a few months into the pandemic, we’re getting a clearer sense of who the winners and losers are - a lot of them are what we expected. If I had to slim it down to just a 3-word answer for you on why the rich are getting richer, those 3 words are: Federal Monetary Stimulus. And the stimulus is disproportionately benefitting … asset owners. Well, the pandemic hasn’t affected some real estate investors at all. Others, feel more reliant on the next government stimulus program to give their tenants the wherewithal to pay the rent. Well, if you, as an investor want to have the majority of your rent income payment guaranteed to be made by the government to you over the long-term, well, that’s what landlords of tenants with HUD-funded “Section 8” housing have enjoyed for decades. You have guaranteed rent income. I think you remember that I had a turnkey provider that specializes in Section 8 housing here on the show on Get Rich Education Episode 297. So just ten show ago, which was 10 weeks ago. Like any investment, Section 8 Housing is best viewed through a prism of pros and cons. Section 8 is not for everybody. Some love it, some don’t … but this provider manages the Section 8 administration FOR you. They’ve got a great relationship with the housing authority. That’s something that most landlords of this government-subsidized housing never had. “Guaranteed rent income” has a nicer ring to it than it did just a year ago. Get the provider report and learn more at GetRichEducation.com/Section8 That’s our Richmond, Virginia provider. In fact, CNBC named Virginia as the most business-friendly state in the entire nation. I’m Keith Weinhold and I’m coming back to talk to you about inflation. Again, learn more at GetRichEducation.com/Section8. This is Get Rich Education! _________________ Hey, you’re back inside Get Rich Education. I’m your host, Keith Weinhold. Both the pandemic-driven CARES Act, and whatever other monetary stimulus acts that follow … are injections of trillions of dollars into the economy. In fact, it’s now driven our national debt to nearly $27 trillion dollars. Of course, this has the effect of … money printing. It’s not literal money printing. The more you learn about it, it’s often U.S. government bond issuance. A bond really just means that the government issues an I.O.U. that someone else, like China buys. Those are some of the semantics behind, what we you can really more closely think of as “currency creation” rather than money printing. Will this result in inflation? That’s the big question. Well, longer-term, many think, “yes”. Short-term, “no”. We are in a low demand environment. Of course, as a real estate investor, you want inflation. You might have seen on the Get Rich Education YouTube Channel where, I have visually mapped out how you win “The Inflation Triple Crown”. In fact, if you just Google the three words, “Inflation Triple Crown”, you can probably see me - as the first hit on Google - and you can watch me doing the whiteboard video. As you’ll remember, real estate investors win the Inflation Triple Crown because inflation provides you with: #1 Asset Price Inflation, #2 Debt Debasement and #3 Cash Flow Enhancement - that all works terrifically when you’re leveraged. There are more signs of inflation out there in the economy right now than we’ve seen in the recent past. Though I still expect it to be mild as long as we’re in this pandemic-driven low demand environment … The consumer price index rose six-tenths of one percent last month. That beat the two-tenths expectation that economists had had. Food are prices up substantially, and then, a substantial input to homebuilder pricing and therefore the future value of homes - is lumber - and lumber prices have been soaring higher. Treasury Secretary Steven Mnuchin said that the administration is unfazed with these historically obscenely high levels of government spending … thanks to the nation’s very low interest rates. See, the Fed is less concerned about mounting debt when the interest rate that THEY pay on their debt is low … much like you’re less concerned about your debt when the interest rate is so low - you might be looking to take on more debt now. Of course, YOU’VE got a better deal on your real estate debt than the Federal Government does, because the Federal Government doesn’t have tenants to service their debt for them like you do in an occupied rental property. Could America reach a STAGflationary state again like it did in the 1970s? We haven’t discussed the economic phenomena of stagflation before. Do you know what that is? Stagflation is a stagnant economy with inflation. That’s what it means. OK, usually a more stagnant economy - like we’re in now - is characterized by low inflation due to lower demand not running up the prices of consumer goods and household staples. But again, stagflation means that there’s a stagnant economy WITH high inflation. Could THAT happen this decade? To reinforce your learning here, let’s listen to the audio from this explainer video from One Minute Economics about stagflation. This is less than a minute & a half in length. https://youtu.be/YaC_PNKu_Cg Yes, well, if we get stagflation, meaning again, a stagnant economy that we have high inflation, I don’t know that we’d have another Fed Chief like Paul Voelcker - who, 40 years ago, brazenly raised interest rates so aggressively to combat inflation that mortgage rates were 18% forty years ago. I don’t know that anyone would prevent inflation from running away at that point. But again, that’s STAGFLATION. Now, I know what you might be thinking. Maybe you’re thinking that all of the Fed currency creation to pull us out of 2009’s Great Recession didn’t produce high inflation, so why would it be any different this time, with all these CURRENT cycles of massive dollar creation once again? That would be a valid thing for you to think. At least based on the official government numbers, we’ve only had about 2% monetary inflation in recent years. Well, see. Though high inflation wasn’t the RESULT ten years ago, it might have actually been CREATED and you just didn’t know it. So, here’s what I mean. Say that the expansion of globalization and technological advancement REALLY meant that we had NEGATIVE 5% inflation - another way to say that is that what if we WOULD HAVE had 5 points of deflation if they’re WEREN’T any excess dollar creation?. But yet, all of the dollar creation after the Great Recession caused 7% inflation. Well then, 5 points of DEflation offset by 7% INflation resulted in ... 2% inflation. Think about it that way. Maybe something like that is what really happened … and that is why all of today’s currency creation COULD result in high inflation. We don’t know that it will. But that’s just one reason why it COULD. Now, overall, to pull back and look at the state of housing in this pandemic-driven recession. Housing has been - and continues to be - substantially better off in this recession THAN it was in the 2008 Great Recession - that event - twelve years ago, had a housing COLLAPSE as a driver. People left the keys and walked away from their homes back then. Now, instead, we’ve got bidding wars for housing. I want to temper that with a reminder that the pandemic is not over yet, and it could still take an unforeseen turn. The bad part about this recession is that we’ve got higher unemployment than we did back then. Now, the reasons that real estate is BETTER OFF in this recession compared to the last one is: Housing Demand Exceeds Supply - that was in the OPPOSITE state last recession. Responsible Lending Prevailed - again, that was OPPOSITE of last time. We’ve Got Low Mortgage Rates - lower than they’ve ever been. And We had No “Bubbly” Price Run-up before this recession, unlike what happened in the 2008 Great Recession. They are … the key differences. Coming up on a future episode here - we’re primarily a show about how buy-and-hold residential INVESTMENT property produces wealth for you - and how to avoid mistakes. But so many people are re-evaluating their primary residence situation lately, that, coming up on the show, I’m going to go deep on - “Should You Rent Your Home Or Should You Own Your Home?” There is some counterintuition and paradox here. I’m going to give you a new twist on the fact that - if you pay rent, that is NOT The Same As Throwing Money Away Also, some people seem to think that homeownership is like: "Renting. Except you get to keep it." That is false and that has caused millions of people to buy houses that they later regret. Is your primary residence an investment? Do YOU consider it an investment? Well, in almost EVERY case it is a poor financial investment, but it could be a good lifestyle investment. So, “Should You Rent Your Own Home Or Own Your Own Home that you live in.” That’s coming up on a future show. Well, regardless of your living situation, pandemic-driven unemployment might have made you realize that … you need a durable, long-term 2nd source of income - if you don’t already have one. Even if you aren’t losing your job, circumstances have hit close to home for a lot of people. You can either let other people make money off your money, like the bank paying you 1% on your savings. Or you can make money off OPM (like borrowing at a 5% mortgage to invest at 11% - or hopefully, a lot more than 11% with the (up to) five profit centers that real estate has.) RE is that instrument of arbitrage. As they say, you can either teach a man to fish or give a man a fish. Well, why not do both? That IS the abundance mindset afterall. At GetRichEducation.com, we teach you how to fish. At GREturnkey.com, we give you a fish too. What is going on at GREturnkey? Well, first, get your mortgage pre-approval at a reputable lender that specializes in investment property like Ridge Lending Group. You’ll see at GREturnkey.com that Birmingham and Huntsville, AL have investor-advantaged numbers that work. Pockets of Huntsville may have better appreciation if they’re tied to employment in the space industry. Gosh, love him or hate him, Elon Musk gave us something to actually celebrate in an otherwise tough 2020 as he led the first private company to launch astronauts to space - emblematic of the burgeoning space industry - both Huntsville, AL and Orlando, Florida there at GREturnkey pick up on some of that. We just discussed Chicago here last week. Chicago and Dayton, Ohio are two markets that keep sourcing existing inventory that they beautifully renovate, and both markets have rent-to-price ratios that are typically OVER 1%. When you’re over 1% and mortgage interest rates are this low, it makes your affordability as an investor REALLY advantageous. That’s Chicago and Dayton. Des Moines, Iowa is sourcing a little inventory lately - not as much as some of the other providers. That’s a stable place. Florida is a bright spot for new construction turnkey property - Jacksonville, Tampa, and the aforementioned Orlando all sourcing brand new construction property. When it’s NEW construction, your insurance cost is often really low too. Memphis, Tennessee and Little Rock, Arkansas are both the SAME provider there at GREturnkey - and that provider name is MidSouthHomeBuyers. There you have lower price points and MidSouth Home Buyers is so good with beginners. And then, Oklahoma City - the numbers work and some media outlets have named Oklahoma City as the most recession-resistant market in America. You’re getting a 1% rent-to-price ratio there too. Finally, Richmond, Virginia - I mentioned them earlier. They specialize in knowing the ways and means of how to optimize Section 8 tenancies because they have a great relationship with the housing authority there. Most, or really all of these markets that I mentioned are in the United States Midwest & South. Florida - oddly enough - is not culturally the South - though it’s the most southeastern state there is - their history of net-in migration makes them culturally disparate from what we think of as the south, but … … all these markets I mentioned are in investor-advantaged metros where you generally have more stable prices, and landlord-tenant law that favors your rights moreso than the tenant’s rights. So these markets are hand-chosen pretty carefully for you. Once you’re pre-qualified for a loan, find all those providers & a few more at GREturnkey.com. I am honored because you have given me something … and that is that I have had the privilege of having your time today. Until next week, I’m your host, Keith Weinhold. Don’t Quit Your Daydream!
Ex NY Fed chief, Bill Dudley recently wrote an article for Bloomberg.com in which he explained QE and Fed asset purchases. Only problem is, he has the understanding all wrong.
Holly Kennedy from RBC Wealth Management joined AM Quad Cities to talk about how information shared by Jerome Powell is affecting markets and the impact of Covid-19 developments on the markets.
Today we discuss last night’s market action, warnings from BMO, US employment, the ECB doubling their QE and share a quote from now Fed chief Jerome Powell from 2012 foretelling exactly what is playing out now with an ominous warning.
The Fed Chief weighs in on the economic recovery. Closer to normal as more places reopen. A Presidential war of words. CBS News Correspondent Steve Kathan has today's World News Roundup.
On this episode of The FourStar Podcast we are joined by the Chief of Research at the Atlanta Federal Reserve. We will also discuss our current market positioning, some US economic data and general market stories.
In this week's Real Estate News Brief... unemployment hits a 50-year low, a former Fed chief issues a warning, and the single-story home is being rediscovered. www.NewsForInvestors.com
Trump "hereby orders" U.S. companies to start looking for an "alternative" to China; Trump suggests his Fed Chief could be "bigger enemy" to the U.S. than the president of Communist China; Justice Ruth Bader Ginsburg treated for Pancreatic Cancer; As Trump is about to leave for G7, sources say he questioned why he must attend the summit; House Judiciary Chair asks committees to share documents relating to Trump impeachment probe; Ex-Overstock CEO makes wild claims in interview, says FBI asked him to romance accused Russian agent; CNN examines unprecedented rollback of environmental regulations under Trump; Toxic Tale: Trump's environmental impact airs 10p ET; Russia blames radioactive contamination of patient after mysterious explosion on "Fukushima crabs"To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Howie Kurtz on President Trump blasts Fed Chief, latest democrats to drop out and who will make the next debate cut and the bizarre interviews with the former head of 'Overstock'. Follow Howie on Twitter: @HowardKurtz For more #MediaBuzz click here Learn more about your ad choices. Visit megaphone.fm/adchoices
Trump suggests Fed Chief may be "bigger enemy" than Chinese president; Trump retaliates against China, unleashes new tariffs; orders American companies to cut ties with Chinese; Sources: Trump has been questioning aides why he must attend G7; doesn't view summit as a productive use of time; Trump hours away from meeting world leaders after erratic week and lashing out over recession fears; Moulton ends presidential campaign, issues warning to Democrats; NYT: There are signs of a disconnect between enthusiasm for Biden vs. strong poll numbers; Kamala Harris adviser: "lowest day" of campaign was her 12-point drop in CNN poll this week; Democratic candidate accuses DNC of "stifling debate" with its rules to qualify for next debate; Senator Bennett latest 2020 Democrat to take shot at Tom Steyer, claims he's trying to "buy" his way into next debate; Steyer: DNC will reject all corporate money if I'm President; Sanders draws comparisons to Trump in attacking the media, but calls Trump's "enemy of the people" slam "disgusting"; Bernie Sanders not backing down from attacks on media; Priest says town torn apart; never thought an ICE raid would happen there or that families would be split up; Some families remain separated after unprecedented ICE raid
Dave Caruso previews today's testimony on the economy from the Fed Chief.
Financial Editor Dave Caruso reports housing starts at a 9 month low.
By picking Jerome Powell to replace Janet Yellen as Federal Reserve chief, President Donald Trump is making a historic gamble that his five predecessors did not: appointing a new leader of the central bank in his first term instead of retaining the existing one. That move could have massive ramifications for the U.S. and global economies. But how did the Fed get so powerful? And how powerful is it really? Peter Conti-Brown, a professor at the University of Pennsylvania, joins Scott and guest host Chris Condon, a Federal Reserve reporter at Bloomberg, for a deep dive into the Fed's history and how Powell fits in.
As the American working population ages and continues to be disrupted by technology, the U.S. needs to create skills training that will help them navigate the changing jobs landscape, says Federal Reserve Bank of Dallas President Robert Kaplan. “Until we improve this, I think the workforce will not meet its potential,” he says in the latest American Banker podcast.
Columnist Morgan Housel examines the possibility of the Federal Reserve raising interest rates at the December meeting and shares what advice he would give Fed Chief Janet Yellen. Plus we dip into the Fool Mailbag to discuss how to get kids (and your adult friends) interested in investing.
Stansberry Radio - Edgy Source for Investing, Finance & Economics
One of Porter's good friends, Meb Faber, co-founder and CIO of Cambria Investment Management, joins us for today's show. He's one of the smartest quant investors in the world and he's been working on two new investment models. You won't want to miss what he has to say about where the best opportunities are today. The interview was so full of ideas that Porter promised to make it easy and give you a list of links to many of the reports they talked about. So here you go, sit back and enjoy... Sovereign High Yield by Meb Faber Sorting Countries by Dividend Yield Global Investment Returns Yearbook 2011 They also agree on two books they thought were well-worth reading Triumph of the Optimists: 101 Years of Global Investment Returns The Outsiders And Meb's websites are Mebane Faber blog, Cambria Investments, The Idea Farm Porter and I are both sick. Maybe it's time for us to start listening to our homeopathic audience... Nah, we'll stick to modern science. Also, you'll hear Porter talk about why everyone should read newsletters... especially S&A's newsletters. And you'll hear us talk about the new Fed Chief and why Porter will get richer regardless of money printing. And we play a few voicemails... Call us anytime at 855-727-2346 and tell us what's on your mind. Hope you enjoy...
Larry Summers bows out of the Fed Chief race, United Natural Foods has a blowout quarter, Twitter’s going public and we dip into the Fool mailbag.
The Fed Chief ressures investors. Coca-Cola loses some fizz. And Barbie stumbles. Our analysts discuss thoses stories and share three stocks on their radar. And Motley Fool co-founder Tom Gardner shares some investing wisdom.
The stock market reacts to the Fed Chief's latest comments. And Men's Wearhouse decides its founder is no longer a good fit.
JPMorgan Chase CEO Jamie Dimon questions the Fed Chief. OPEC has trouble deciding. McDonald's disappoints. And ExxonMobil and Apple make big plans.
- Moe discusses government debt situation with guest Dr. Carmen Reinhart. Please call 1-800-388-9700 for a free copy of report The Liquidation of Government Debt.
The economy grows at its fastest pace in six years. The Fed Chief offers his prescription for the U.S. and China. And the SEC cracks down on shorting. On this week's Motley Fool Money Radio Show, we discuss those stories, tackle the latest earnings news, and share three stocks on our radar. We also talk about the business of motivation with Drive author Dan Pink and talk Academy Awards and business movies with Corporate Library co-founder and film critic Nell Minow.
Amazon.com, Microsoft, and Yahoo! team up against a tech rival. Starbucks announces that it's raising and lowering prices. And the Fed Chief expresses some optimism about the near term. In this installment of Motley Fool Money, we discuss those stories, share three stock ideas, and play a spirited game of "Which S&P 500 stocks have outperformed Google since Google went public five years ago?"
The Detroit Auto Show is going green, or so automakers want us to believe. But the Earth may not be able to sustain a polluting industry that's expanding fast in China, India, Brazil and Russia. We hear what's in store for the American market and the rest of the world. Also, the Fed Chief wants an economic stimulus package, and presidential politics and Nevada casinos.