Mortgage rates ticked down to 4.99% last week but are still two full percentage points higher than a year ago, giving home buyers more leverage. WSJ personal-finance reporter Veronica Dagher joins host J.R. Whalen to explain how the cooling housing market is causing sellers to revisit their playbook. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we're going to be looking at some fresh charts that will give us an indication of where the housing market is going. Many people are starting to post pictures all over about house prices dropping on current listings! Everyone is saying that "the bubble is starting to pop", "the crash is finally here", "we're going to see some massive carnage in the real estate market." But that's not a complete outlook from all the data. That's simply anecdotal evidence of owners realizing that they must sell their houses for less based on "some" housing prices. We're going to look at if this is communicating something that is indicative of the housing market across the entire nation or is something else going on here. We'll look at some charts today that will shed light on the situation.
A new music venue just announced for Wedgewood-Houston, and you are not going to want to miss this. A large property intersecting Interstate 40 and Broadway may have big plans for the future. Plus, how has Nashville's housing market fared the first month of this current recession?Take a Tour With Us! Use code NASH for 20% off - https://www.xplrnash.com/toursToday's Sponsors: Brad Reynolds https://thinkbrad.com/Screened Threads Use the Code "NashvilleDaily" for 10% off online and in-store https://screenedthreads.com/Nash NewsAJ Capital plans Wedgewood-Houston music venuehttps://www.bizjournals.com/nashville/news/2022/07/28/aj-capitals-latest-project-a-music-venue.htmlDesign overlay sought for Midtown sitehttps://www.nashvillepost.com/business/development/design-overlay-sought-for-midtown-site/article_00f24e8e-0f6e-11ed-9523-bfb46645195d.htmlhttps://youtu.be/MVgH0QxL2M4Nashville Daily Artist of the Day Playlist https://open.spotify.com/playlist/51eNcUWPg7qtj8KECrbuwx?si=nEfxeOgmTv6rFUyhVUJY9AFollow us @ XPLR NASH Website - https://nashvilledailypodcast.com/ YouTube Channel - https://www.youtube.com/c/xplrnash Instagram - https://www.instagram.com/xplr.nash/ Twitter - https://twitter.com/xplr_nash NASHVILLE & XPLR MERCH - https://www.xplrnash.com/shopMedia and other inquiries please email firstname.lastname@example.org
There are basically 3 things that can happen when you buy a home whether its during a recession or a great economy. You home value can go up or down, interest rates and increase or decrease from when you locked in your rate and you could lose you job you could keep your job. We'll walk through these scenarios. Buy property it is the key to building generational wealth. It is also the key to closing the wealth gap in the black community. House Rich the millennial real estate show. Email: email@example.com Real Estate Referral Network- https://www.houserichshow.com/referralHome Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKsBlog- https://www.houserichshow.com/homeIG- https://www.instagram.com/coinsnculture/@coinsnculture coins-n-culture
Mary writes: I purchased a home a few months ago with solid comps showing $350 ARV. Yesterday my realtor told me the ARV is looking more like $315. I'm really freaking out – what should I do?I hope you like the new show format! Please share it, submit questions, and give me a review!
Today, Ron and Heather provide the most recent and reliable information on home pricing, current market conditions, and the many returns that real estate can provide. Don't miss an episode if you want to be sure you grasp everything going on in the newest real estate! WHAT YOU'LL LEARN FROM THIS EPISODE The truth about current home prices Real estate vs. the stock market Are we really in a recession? The major returns that real estate provides How to validate news headlines and Market conditions that support one asset class RESOURCES MENTIONED IN THIS EPISODE Home prices are being slashed in these 10 cities as real-estate market cools How To Explain The Huge Drop in Mortgage Rates This Week Should I buy Real Estate Now or Wait? CONNECT WITH US: If you need help with anything in real estate, please email: firstname.lastname@example.org Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community
UPDATE: I have updated this weeks show to now include the last 10 minutes. Apolgies to my folks who consume the show right when it comes out! The cutoff point was 35 minutes - so you can just fast forward to that point to get what you missed! We are not quite ready to look at the full data for July 2022. However, my weekly 7 day snapshots of real estate data are showing a growing surge of price drops across the board in Santa Clara County. This is true in San Jose and my home turf of Morgan Hill. It is also effecting most other communities in the county.
My latest Monday evening chat with our property insider Edwin Almeida. We look at the latest from China, consider the rise in chickens at Edwin’s place, and reflect on the resignation of a Building Reform champion. Plus the latest on the numbers, and a discussion on land banking. And you can play spot the pussy … Continue reading "Its Edwin’s Monday Evening Property Rant! [Podcast]"
BRISBANE home prices have fallen for the second month in a row but their drop has been overtaken by bigger falls across the region, including the Gold and Sunshine coasts. MORE than 40 Queensland aged-care residents have died with Covid-19 in July new data analysis has revealed, with half of the casualties reported in the most recent week amid the ongoing outbreak. AUSTRALIA is facing a “very concerning” gas shortage in 2023 that will spark price hikes and large business closures because LNG companies would rather ship it overseas than keep it here, a shocking new report from the consumer watchdog has revealed. AGE discrimination is a “terrible blight” on the workforce, Skills Minister Brendan O'Connor says, as he tackles the widespread staff shortages that are crippling industries. For updates and breaking news throughout the day, take out a subscription at couriermail.com.au.See omnystudio.com/listener for privacy information.
On today's episode, Editor in Chief Sarah Wheeler talks with Managing Editor James Kleimann about Fed rate hikes, home price appreciation, second-quarter earnings, layoffs and more.HW Media articles related to this episode:Fed's interest rate hike to create less competition in the housing market US economy contracts in Q2, enters 'technical recession' Enjoy the episode!Join us for HousingWire Annual October 3rd - 5th, 2022 in beautiful Scottsdale, Arizona. Register here and use code "podcast20" for 20% off tickets!HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Elissa Branch and Dalton Johnson.
In this week's episode, we are going to talk about everything great in Brunswick Maine, and why you should live there! Nestled on the Androscoggin River Brunswick has all the pros of small-town life while still being a fairly well-populated city for Maine. Brunswick has a fantastic public school system, with an A rating. Bowdoin College is also located right in the heart of Brunswick. There are amazing historic buildings, new construction, and Navy base housing that have been converted into private residences. The restaurants and shops in Brunswick are amazing, The Great Impasta, Richards, and Dog Bar Jim to name a few. If you are looking to commute you are a short distance from Portland, which makes driving a breeze. Speaking of breeze, there are many public transportation options to get to Brunswick as well. The Breeze bus is just $4 and makes stops from Portland up to Brunswick, with bike racks on the front of the bus so you can head up and ride around! The Downeaster Train also makes stops in Brunswick. Have you been to Brunswick before? If so where is your favorite place? Let us know down in the comments! Remember, if you Make Maine Your Home, you don't have to do it alone! 00:00 - 00:19 - Intro00:19 - 00:51 - About Brunswick00:51 - 01:15 - Brunswick Maines Population01:15 - 01:40 - Brunswick Maine Schools 01:40 - 02:30 - Housing Options in Brunswick Maine 02:30 - 03:05 - Restaurants and Shops in Brunswick Maine 03:05 - 03:52 - Communtin to Brunswick 03:52 - 04:34 - Have you been to Brunswick? View the blog post on my website... https://www.makemaineyourhome.com/everything-great-about-brunswick-maine/ To check out listings all over southern Maine visit: https://www.makemaineyourhome.realestate/ Check out our Facebook: www.Facebook.com/MakeMaineYourHome You can listen to the audio podcast on any podcast app. Just search for Make Maine Your Home. Be sure to subscribe, like, share and tell your friends. To contact Doug you can call or text to 207-838-5593, email to email@example.com or check out http://www.MakeMaineYourHome.com.
On today's episode, Editor in Chief Sarah Wheeler talks with Senior Reporter Bill Conroy about the forecasts from GSEs, investors and analysts on home price appreciation and also how non-QM lenders are faring amid rapid mortgage rate changes.HW Media articles related to this episode:The nation's housing market is on a correction course - HousingWireNon-QM lenders are racing to stay ahead of rates - HousingWireEnjoy the episode! Join us for HousingWire Annual October 3rd - 5th, 2022 in beautiful Scottsdale, Arizona. Register here! HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Elissa Branch and Dalton Johnson.
(3:19) - Hour two begins with the guys touching on housing data for May, which showed continuous increases in home prices.(12:00) - Jeremy Owens, bureau chief and tech editor at Marketwatch, joined the show to talk about what we're seeing in big tech earnings.(22:25) - A conversation about inventories, which are wreaking havoc on economic data and business plans for companies.(34:17) - Stack roulette.
On today's show: Helping the homeless find safe shelter National home prices see steady rise despite interest rate hikes City Council approves controversial Kitsilano housing project
We look at the latest data as forecasters indicate a rise in mortgage rates as the RBA tackles inflation, leads to reduced lending, and risks of stagflation or recession. Today’s post is brought to you by Ribbon Property Consultants. If you are buying your home in Sydney's contentious market, you do not need to stand … Continue reading "Higher Rates, And Risk Of Recession, As Weaker Lending Is Expected [Podcast]"
Introduction Dana Pollard is a realtor in Dallas/Fort Worth, Texas. She and her team are experts at finding people their dream homes and having the best experience with their move to Texas. In her free time, she likes reading and serving their church. Get In Touch If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: https://lauramoreno.com/podcast-guest-warm-introduction/ Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on the link below: https://lauramoreno.com/homebuyer_resources/ Podcast Guest Search If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: https://lauramoreno.com/podcast-guest-search/ Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect With Me On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn
In today's episode, HW Media Managing Editor James Kleimann is joined by HousingWire Lead Analyst Logan Mohtashami to unpack an array of new housing data that came in this week, including the significant drop in housing starts, cancellations for new home sales and homebuilder sentiment.HW Media articles related to this episode:Housing starts post double digit decrease in MayThe housing market recession continues, despite starts dataEnjoy the episode!Join us for HousingWire Annual October 3rd - 5th, 2022 in beautiful Scottsdale, Arizona. Register here!HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Elissa Branch and Dalton Johnson.
Sales of existing homes fell 5.4% last month. U.S. launches trade dispute with Mexico over energy policies. Abbott Laboratories reports higher revenue, raises earnings projections. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices
The median home price in the Metro Detroit area topped $300,000 for the first time last month as the U.S. housing market continues a now years-long hot streak. In a new Daily J, WWJ's Zach Clark wonders if, for those prospective home buyers, is there any relief in sight? (Photo: Krystal Nurse / USA TODAY NETWORK)
In this week's episode, we are going to talk about what to do in the fall in Maine. Depending on who you ask fall in Maine is absolutely fantastic, and there are so many things to do! Doug has a love hate relationship with fall, mostly because of all of the leaves. However we are not going to focus on that today - today we are focusing on the positive. There are amazing fall festivals, you can go apple picking, canoeing, and kayaking in the lakes and rivers while taking in the fall foliage, and of course enjoying the spookiest season! Fall in Maine is something you need to experience for yourself - so let us know in the comments what you like to do in the fall, and remember if you Make Maine Your Home, you don't have to do it alone! To checkout listings all over southern Maine visit: https://www.makemaineyourhome.realestate/Check out our Facebook: www.Facebook.com/MakeMaineYourHomeYou can listen to the audio podcast on any podcast app. Just search for Make Maine Your Home. Be sure to subscribe, like, share and tell your friends. To contact Doug you can call or text to 207-838-5593, email to firstname.lastname@example.org or check out http://www.MakeMaineYourHome.com.
When everyone else was FREAKING OUT about high home prices, Kris was finding a loophole to get in on some of the best real estate in the country. When others were saying no to real estate, Kris was saying 100% yes. 2021 was a crazy year. Listen in as Kris exlpains his approach to a crazy market.
Following the Reserve Bank's double rate hike, big banks have lifted all their variable mortgage rates by 0.5 percentage points. As a result, the average variable borrower will have seen their rate rise by 1.25 percentage points since the start of May. That means someone with a $500,000 mortgage, with 25 years remaining, will see … Continue reading "The Property Crash Is Just Getting Started.. [Podcast]"
Discover the 10 real estate markets that are cooling the fastest. The article is here. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with stock and crypto ticker symbols and percentages to invest -Monthly VIP investing webinars with Linda -Private VIP Facebook group with daily interaction with Linda -Weekly VIP stock market & crypto update emails -Lifetime access with no additional cost -US and foreign investors, no minimum $ amount required Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50" at checkout. More information is here or have a complimentary consultation with Linda to answer your questions. To request an appointment to talk with Linda, click here. AUDIOBOOK IS NOW AVAILABLE My audiobook of "3 Steps to Quantum Wealth" is now available! Get it on Amazon here: https://amzn.to/3c7lma8 QUANTUM BOOK BONUSES These bonuses are available when you buy my newly released book, 3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies on Amazon, here. As a thank you for buying the book on Amazon, you will receive a: Set of 4 Wealthy Mindset Blueprint audio recordings to help you create a wealthy mindset ($197 value) Webinar with Linda called “Financial Freedom by Investing in Cryptocurrencies” ($1,500 value) On the webinar you will learn: -The wealth building potential of the 8 cryptocurrencies mentioned in the book -Why they will experience exponential growth -Strategies for accumulation The link to the book bonus page is here. WANT TO BUY STOCK PRE-IPO? For Accredited Investors, sign up to receive a $250 credit from Linqto, click here. If you are watching this on YouTube, you will need to copy and paste this into your browser: https://www.linqto.com/signup?r=e9tdhbl49v Need to find out how to get Accredited? Listen to my podcast. PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". TO GET MY CRYPTO AUDIOBOOK ON AUDIBLE, click here. PLEASE LEAVE A BOOK REVIEW FOR THE WEALTH HEIRESS BOOK Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH MENTORING LIBRARY OF PODCASTS Listen to the full wealth mentoring library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. JOIN AUDIBLE for 30 days of free audiobooks: https://amzn.to/3ul6jTQ Be Wealthy & Smart, is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor™. Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
In recent years we have seen a swathe of “initiatives” from state and federal governments with the aim to encouraging and helping more first-time buyers into the housing market. The previous Government claimed they had helped “hundreds of thousands” into the property market. The latest ABS statistics shows that the number of First Time Buyers … Continue reading "The Big Lie About First Homeowner Grants… [Podcast]"
ResourcesBipartisan Policy CenterJoint Center for Housing Studies of Harvard UniversityGetting Serious About Housing Supply Series, Bipartisan Policy CenterHow much are government regulations costing multifamily developers? Hint: A lot, Bipartisan Policy CenterNational Association of Home BuildersNMHC-NAHB Cost of Regulations Report (2022), National Multifamily Housing Council“Opening Doors to Housing Security,” NCSL 2022 Legislative Summit Which Metro Areas Are Seeing Rising Rents and Home Prices? All of Them, Bipartisan Policy Center
The housing market may be slowing down, but new homes are still a complicated, expensive process, mostly because of supply chain issues. One Bank of America analyst, who co-authored a new report on residential construction, says it's like a game of whack-a-mole. He says: “Every time they find one thing that they fix, another one pops up.” 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.BofA just released its 2022 “Who Builds the House” report, which found that a shortage of building materials is one of the primary reasons for higher home prices. According to co-author Rafe Jadrosich, prices have risen at an “unprecedented rate” over the last few years because of the shortage of building materials. He told MarketWatch: “There's always a new category that's creating the bottleneck.” (1)"Who Builds the House?"The report says that the cost of materials to build a home went up 42% in just three years, from 2018 to 2021, and that it has consistently outpaced the rate of overall inflation. Additional costs for materials add approximately $35,000 to the price tag, and bring the total amount for raw materials to around $118,000. That's about a third of the cost of a new home. The other two-thirds of the cost go towards the land, and the labor, which can vary from region to region.Rising inflation is also contributing to higher costs for all the things needed to finish a home including window treatments, floor coverings, appliances, and household furnishings. MarketWatch reports that the index for household furnishings and operations rose .04% in May with an annual rate of increase of 8.9%.The BofA report used data from the National Association of Home Builders, and analyzed 14 different expense categories, to determine how much it costs, on average, to build a new home.Framing Lumber and Engineered WoodThe dominant category is the lumber needed to frame a home. Nine out of ten homes are framed with lumber. That can be natural wood or engineered wood, which is a mixture of wood fiber and plastic. The report says 30.2% of the material used to build a home falls into this category. The cost for this portion is about $35,500, and right now, lumber prices are falling. But they've also been on a roller coaster. Lumber futures have come off a high of about $1,700 for a thousand board feet in May of last year. They were recently down to about $580, but in April of 2020 they were half that amount. Lumber prices are moving contrary to inflation because of a drop in home sales, and a cut back in home starts by builders. Home starts dropped a whopping 14.4% from April to May due to a slowdown in construction for both single-family and multi-family homes.Higher mortgage rates are contributing to the housing market slowdown. Housing experts are predicting that lumber prices will come down farther, but builders are still dealing with high prices for other materials.Concrete for the FoundationConcrete accounts for another big expense category at almost 9% of the total cost of materials. It typically costs around $10,500 for the concrete.Windows and DoorsWindows and doors are a big expense. They account for another $10,500 or about 9% of the cost of materials, but those costs are under pressure because windows and doors are consistently hard to find. Builders have been scrambling over the last year to get what they need to finish homes.As Jadrosich explains, if you haven't installed the windows: “You can't put your appliances in, or paint your walls, or finish your floors.” He says until that situation improves, “you're gonna have a pretty slow, elongated build cycle for a lot of the home builders.” A recent New York Times article says it all in the title: “4 Bed, 3 Bath, No Garage Door.”((One of our RealWealth development projects experienced this kind of supply chain issue last year. The developer had to drive to another state to get the garage door he needed to finish the home.))Other MaterialsOther materials that builders must get their hands on include siding, plumbing, cabinets, HVAC systems, roofing, flooring, structural panels, wallboard and drywall, appliances, architectural coating, fiberglass insulation, and paint.Housing Market SlowdownChief Economist for the NAHB, Robert Dietz, said in a recent press release that the cost of building a home is up 19% year-over-year. He says it's due to “a variety of building inputs, except for lumber, which has experienced recent declines due to a housing slowdown.” (4)And builders are not happy. The NAHB does a monthly survey on builder confidence, and it's been lower for six months in a row. Dietz says it's a “clear sign of a slowing housing market in a high inflation, slow growth economic environment.” He says: “The entry-level market has been particularly affected by declines for housing affordability and builders are adopting a more cautious stance as demand softens with higher mortgage rates.” He's calling on the government to create policies that support the supply-side of the housing market.Housing ShortageAccording to Freddie Mac, the U.S. needs an additional 4 million homes to keep up with demand. Since many people can't afford the high cost of homeownership, they will continue to rent. There's a problem that needs to be fixed in the housing market, but people need housing, and what's filling the gap right now are rentals.If you'd like to learn more about how the economy is impacting the housing market, check out my recent webinar. It's my Q2 2022 Housing Market Update. You'll find it at newsforinvestors.com under the “Learn” tab. And please remember to hit the subscribe button, and leave a review! Thanks for listening. I'm Kathy Fettke. Links:1 -https://www.marketwatch.com/story/the-cost-to-build-a-home-in-the-u-s-has-risen-at-an-unprecedented-rate-bank-of-america-says-116548973042 -https://www.nytimes.com/2022/02/15/upshot/homes-garage-door-shortage.html3 - https://www.nahb.org/blog/2021/12/single-family-home-size-continues-to-trend-higher/#:~:text=According%20to%20third%20quarter%202021,family%20homes%20increased%20to%202%2C5414 -https://www.nahb.org/news-and-economics/press-releases/2022/06/weakening-builder-confidence-points-to-economic-troubles-ahead
With home prices and interest rates up dramatically over the last year, does it still make sense to buy rental property? Should you invest in a rental when there's very little cash flow, or even no cash flow at all? Maybe you should wait until home prices come back down a little, to help boost your numbers.Will that happen? Will prices come down? A lot of people think they will but the guest in this episode thinks the opposite will happen. Jimmy Vreeland is not an economist. He's an investor who believes: “You don't wait to buy real estate. You buy real estate, and wait.” He'll explain what that means.Jimmy is a graduate of the U.S. Military Academy at West Point and has served in Iraq and Afghanistan. He's the founder of Vreeland Capital in St. Louis, an investor who's owned more than 100 rental properties in the last decade, and the co-host of the “Cashflow Tactics" podcast. He got his start while he was still in the military, and is still investing today. What should “you” do after listening to this podcast? If you haven't already, please join our RealWealth network at realwealthshow.com. There are investing opportunities in markets across the country, but it's not always easy to find them. You get the help you need at RealWealth. It's free to sign up and get access to our network of professionals including our experienced investment counselors who can answer your questions.And please remember to subscribe to our podcast and leave a review! Thank you for listening!
For the first time in years, home prices in San Francisco have started to drop. A new report by the real estate company Compass, shows prices are down three percent from last year. For more, KCBS Radio news anchor Holly Quan spoke with Bloomberg News real estate reporter John Gittelsohn.
This is an edited version of my live discussion about the current state of the markets with Chris Bates from Wealthful, on the day the RBA will lift rates again. Go to the Walk The World Universe at https://walktheworld.com.au/
SUMMARY: New report shows home prices slowing in May, a forecasting firm says home prices in the US should correct by 5%, and billionaires went from the best year ever to the worst year ever...Sources:Home Price Growth Slowed to 20.2% in MayForecasting Firm Predicts 5% Home Price Decline2022 Has Been the Worst Year for Billionaires
Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008. Original Article: "What Will It Take to End Rampant Home-Price Inflation?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008. Original Article: "What Will It Take to End Rampant Home-Price Inflation?" This Audio Mises Wire is generously sponsored by Christopher Condon.
In our latest Monday Rant we look at the latest from our Wee-Chatters, the latest numbers, and “innovative” property solutions, as rate rise and pressure on households build. https://www.ribbonproperty.com.au/ Go to the Walk The World Universe at https://walktheworld.com.au/
Today's real estate training and coaching show is about the skills REALTORS need now. This new market requires new real estate skills. This is part 2. 5. Sellers will be more particular about who they list with. Expect to compete for the listing, even when it's a repeat or referral client or someone in your close sphere of influence. Don't lose listings by being sloppy or assumptive. Listen now for the next 3 points. LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh COMPLETE Show Notes and Podcasts: https://bit.ly/3twGrDX LATEST REAL ESTATE NEWS: https://bit.ly/3Obuhs2 EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Our EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 FOLLOW TIM AND JULIE HARRIS: Nations #1 Daily Real Estate Training Podcast: https://apple.co/3xJgofx YouTube: https://bit.ly/3NXGxNb Facebook: https://bit.ly/3twOBfM Instagram: https://bit.ly/3QjxdVF eXp Realty: https://bit.ly/3NJTPwB HARRIS Real Estate Coaching: https://bit.ly/3tvp0DI Our #1 international best-selling book: https://amzn.to/3tzHymr Free DISC Personality test for Realtors: https://bit.ly/3aUimkh MORE REAL ESTATE TRAINING VIDEOS YOU WILL LOVE: Peter Schiff Interview: https://bit.ly/3aXC1zN EXP Realty Explained: https://bit.ly/3mGBVyV Housing Bubble Popping?: https://bit.ly/3MK62A7 Housing Crash Survival Guide: https://bit.ly/3zxoyZD 5 Must Know Success Rules For This Market: https://bit.ly/3QeSbVv Real Estate Agent New Mortgage Rules: https://bit.ly/3zCjSld FAMOUS REAL ESTATE AGENT INTERVIEWS: 100s of interviews: https://bit.ly/3Qk85he Featuring: Fredrik Eklund: https://bit.ly/3NMDOpE Ryan Serhant: https://bit.ly/39fx6tx Jade Mills: https://bit.ly/3tvZQVC WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU "Our real estate journey began 30 years ago and we knew early on that we wanted to share our playbook to success. We've had the pleasure of transforming thousands of careers achieving success and financial freedom. We know what it takes and we're looking forward to meeting you so we can jumpstart your growth!" AWARDS: #1 Coaches in the Business by Inman #1 Podcast for Real Estate by FitSmall Business. #1 Residential Real Estate Podcast Motley Fool #1 Best Selling Real Estate Book: 500+ 5 Star Reviews, HARRIS Rules. amzn.to/3tzHymr EXP Realty Top .05% eXp Influencer. Alpha Group EXP Realty Copyright 2022, All Rights Reserved Tim & Julie Harris® Real Estate Coaching exp realty teams brokers exp realty coaching exp explained real estate investing
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/
Free Trial! Join the Private Money Academy: https://www.JayConner.com/trial/ Private Money Academy Conference: https://www.jayconner.com/learnrealestate/ Free Report: https://www.jayconner.com/MoneyReport Jason Hartman® has been involved in several thousand real estate transactions and has owned income properties in 11 states and 17 cities. His companies help people achieve The American Dream of financial freedom by purchasing income property in prudent markets nationwide. Jason’s Complete Solution for Real Estate Investors™ is a comprehensive system providing real estate investors with education, research, resources, and technology to deal with all areas of their income property investment needs. The United States offers nearly 400 distinct and diverse markets while most media pundits characterize the “housing market” as if it were a single entity. They realize they do this to cram a cogent comment into a simple sound bite. Real estate cannot be described that simply. It’s just not accurate. There is NO such thing as a United States real estate market. However, there is an Atlanta, Georgia, or a Dallas, Texas real estate market. To that end, they scour the entire country with an “Area Agnostic™” approach and select the most suitable and sensible markets to recommend to our investors so they don’t waste countless hours doing it themselves. Timestamps: 0:01 - Get Ready To Be Plugged Into The Money 0:29 - Introduction 1:11 - Jay’s New Book: “Where To Get The Money Now” - https://www.JayConner.com/Book 2:32 - Today’s guest: Jason Hartman 9:56 - Who is Jason Hartman? 18:23 - Tale of 3 Markets 20:30 -” The Cure for High Prices is High Prices” 20:57 - “The Cure for Low Prices is Low Prices” 21:37 - Packaged Commodities Investing 23:44 - Lumber Market Indicators 25:10 - 100-Year Housing Price Index Graph 26:43 - Jason’s free book - https://www.PandemicInvesting.com 27:16 - Inflation-Induced Debt Destruction 28:04 - Home Prices and the Consumer Price Index 32:37 - Home Price in Gold 36:27 - Home Price in Median Income 37:04 - It’s Not About The Price It’s About the Payment 37:22 - Mortgage Payment in Hours Worked at Minimum Wage 41:37 - Connect with Jason Hartman: https://www.PandemicInvesting.com & https://www.JasonHartman.com Youtube Video Link: https://youtu.be/pv5kFY58A0E Have you read Jay’s new book: Where to Get The Money Now? It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Today's real estate training and coaching show is about the skills REALTORS need now. This new market requires new real estate skills. This is part one, tomorrow is part 2. 1. You'll be having long relationships with both your sellers and buyers. Longer with your buyers because they may take longer to qualify, end up bowing out of the market, or have finance issues while they're pending. Longer seller relationships due to the average days on the market are already growing in most areas. Do you know how to counsel a seller when their home takes longer to sell than expected? Are you getting longer listing agreements? Listen now for the next 6 points. LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh COMPLETE Show Notes and Podcasts: https://bit.ly/3twGrDX LATEST REAL ESTATE NEWS: https://bit.ly/3Obuhs2 EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Our EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 FOLLOW TIM AND JULIE HARRIS: Nations #1 Daily Real Estate Training Podcast: https://apple.co/3xJgofx YouTube: https://bit.ly/3NXGxNb Facebook: https://bit.ly/3twOBfM Instagram: https://bit.ly/3QjxdVF eXp Realty: https://bit.ly/3NJTPwB HARRIS Real Estate Coaching: https://bit.ly/3tvp0DI Our #1 international best-selling book: https://amzn.to/3tzHymr Free DISC Personality test for Realtors: https://bit.ly/3aUimkh MORE REAL ESTATE TRAINING VIDEOS YOU WILL LOVE: Peter Schiff Interview: https://bit.ly/3aXC1zN EXP Realty Explained: https://bit.ly/3mGBVyV Housing Bubble Popping?: https://bit.ly/3MK62A7 Housing Crash Survival Guide: https://bit.ly/3zxoyZD 5 Must Know Success Rules For This Market: https://bit.ly/3QeSbVv Real Estate Agent New Mortgage Rules: https://bit.ly/3zCjSld FAMOUS REAL ESTATE AGENT INTERVIEWS: 100s of interviews: https://bit.ly/3Qk85he Featuring: Fredrik Eklund: https://bit.ly/3NMDOpE Ryan Serhant: https://bit.ly/39fx6tx Jade Mills: https://bit.ly/3tvZQVC WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU "Our real estate journey began 30 years ago and we knew early on that we wanted to share our playbook to success. We've had the pleasure of transforming thousands of careers achieving success and financial freedom. We know what it takes and we're looking forward to meeting you so we can jumpstart your growth!" AWARDS: #1 Coaches in the Business by Inman #1 Podcast for Real Estate by FitSmall Business. #1 Residential Real Estate Podcast Motley Fool #1 Best Selling Real Estate Book: 500+ 5 Star Reviews, HARRIS Rules. amzn.to/3tzHymr EXP Realty Top .05% eXp Influencer. Alpha Group EXP Realty Copyright 2022, All Rights Reserved Tim & Julie Harris® Real Estate Coaching exp realty teams brokers exp realty coaching exp explained real estate investing
On today's episode, Editor in Chief Sarah Wheeler talks to Lead Analyst Logan Mohtashami about rising home prices and the long-lasting effect on affordability, inventory and housing tenure. The two also discuss his recession red flags and who will get hit hardest.HW Media Articles related to this episode:How home-price growth has damaged the housing marketThe savagely unhealthy housing market is now a nightmareEnjoy the episode!
Today I wanted to give you a quick overview of which costs more. I am going to compare for you an $800,000 house and then compare raising rate versus raising prices. Link to website: https://dougcrousephysicianloans.com/
In todays episode we discussed the price reductions we are seeing, builder and resale inventory, adjustable rate mortgages, and more! We want to hear from you! You can reach us on our Moving to Florida Show Hotline by dropping a voicemail or text to 407-900-5859 Or drop us a DM on Facebook or Instagram: @movingtofloridashow and for Twitter our handle is @movingtoflshow. . If you would like to connect with us, if you have any questions, or if you need a realtor in Florida you can reach us at email@example.com. Be sure to subscribe to the show if you like our content so that it will automatically download to your device and get you one step closer to moving to Florida!
For many, it's become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren't keeping up with inflation. Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years. For every $1M in real estate debt that you have, you're benefiting $86,000 each year due to your debt debasement. Affordability has become so bad for wannabe first-time home buyers that increasingly, they're becoming your renter. Many project rent growth to exceed home price growth this year. Rent.com's Rent Report shows a 26% annual rent increase nationally. Every 1% in a mortgage rate increase decreases a buyer's purchasing power by 12%. GRE's COO Aundrea Newbern, MBA joins me. We discuss our favorite RE information sources. Aundrea expects to diversify her RE portfolio into more markets. She's been focused on southeast Georgia. Some RE resources we use: www.city-data.com, US Census Bureau data, CNBC.com, HousingWire.com, FRED data, the MLS, AirDNA.co, GREmarketplace.com. When considering adding to your RE portfolio, simply talking to a Property Manager can be more valuable than the best website. Aundrea sees a balanced market at prices $250K+, and a sellers' market at prices below $250K in southeast Georgia. Days On Market (DOM), Sale-To-List Price Ratio discussed. LTRs are in high demand and low supply. STRs are saturated in many markets. Resources mentioned: Show Notes: www.GetRichEducation.com/402 Rent.com's Rent Report: https://www.rent.com/research/average-rent-price-report/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 877-74-RIDGE JWB's available Florida income property: CashFlowAndGrowth.com To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co By texting “GRE” to 307-213-3475 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Make passive income with apartment and other syndications: www.imaccredited.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Partial transcript: Welcome to GRE! I'm your host, Keith Weinhold. There's so much to pack into one show today - inflation at its highest rate in over 40 years, the Fed raising interest rates the most in 28 years, rents are going up fast, then GRE's COO Aundrea Newbern & I on our favorite REI resources. Today, on Get Rich Education. _______________________ Welcome to GRE! From Auckland, NZ to Oakland, CA and across 188 nations worldwide. This is Get Rich Education. I'm your host, Keith Weinhold. Before I discuss real estate, what's happening with inflation & interest rates is so exceptional that I want to cover this first. When the latest inflation reading came in at 8.6%, it dashed hopes that it's peaked. We have no evidence that it's peaked. And as I like to say, that 8.6% is just the level that the government is willing to admit to. It's really higher. It's the third month in a row that it has exceeded 8%. Treasury Secretary Janet "Grandma" Yellen has already warned of what she calls "unacceptable levels of inflation". And Yellen looks like my late Grandma Weinhold. Yeah, they look a lot alike. One difference though, is that Grandma was not wrong about inflation. Another difference between my grandmother and Yellen is that… Janet Yellen never gave me Star Wars action figures on Christmas like my Grandma did. Well, for many people, especially in the lower middle class, it's become a scary world with devastating $5-6 gas, soaring food prices and spiking rents. (I'll get to that shortly). The medical system is still a mess. Wages are up perhaps only 5%. Their quality of life is really suffering now. Libertarians point out that fiat inflation is theft of one's private property. You earned a dollar. Now your prosperity has been stolen. Sneaky shrinkflation is stealing from you too. Yeah, you're not imagining it, Gatorade has trimmed its 32 ounce bottles down to 28 ounces. A small box of Kleenex has shrunk from 65 tissues down to 60. Package sizes are shrinking faster than Lake Mead, all while producers charge the same price or more. That's what shrinkflation means. It's become an awful economic malady for consumers. So, let's talk about higher interest rates since that's what can keep inflation from soaring. Many interest rate types are based off of the Federal Funds Rate. Now, I like to look at history to see what typically happens in like scenarios. History doesn't tell you everything, but many people don't look at it. Rewinding three years, this rate was hiked up to 2.5% by early 2019… and the stock market was freaking out by then. Trump even demanded a rate cut. He got it and that, turned stocks around. Yes, Presidents are supposed to stay independent of the Fed, but, in any case… Just last week, the Fed Funds Rate was raised up to 1.75%... and the stock and crypto markets have already taken a swan dive off the high board. Everyone thinks that rates are going to be raised again at the next Fed meeting next month. So how do you think that equity markets are going to like that? History shows us that they don't. But see, history shows us that even when the Fed Funds Rate is raised to 10%, it can take years to quell inflation. Commodities like housing, food, and energy, often excel in either inflationary times or recessionary times. That's where you want to be. Buy & own what people need, not what they want. These things have a finite supply. Bringing them into existence takes "proof of work". Proof of work means that it takes real world resources to extract or produce something—like framing roof trusses, growing timber for lumber, mining gold, extracting oil, or growing wheat. If you held any of these commodities individually, you might merely hedge inflation. But if you can control an entire commodity by only putting one-quarter or one-fifth of your "skin in the same", then you get to short the dollar too. "Shorting" means that you're betting that something is going to fall in value—the dollar in this case. Now you're creating leverage and arbitrage. You're really profiteering from inflation ehre. Real estate is like a basket of commodities. It is made of: lumber and copper and glass and all kinds of commodities. So, if you have $1M in real estate debt, it's now being debased at a rate of 8.6%. Great. This effect alone has increased your prosperity by $86,000 this year—$86,000 this year alone, and that's besides appreciation, income, tax benefits, and amortization. Yeah, you've got an $86K tailwind. Do you remember back in 2019 when I did the podcast episode called The Debt Decamillionaire? It was Episode 260. You might remember that episode. That's when I touted the counterintuitive merits of taking out $10M in real estate debt... with the payments outsourced to tenants. Now, I know that not everyone has the wherewithal to do that. But if you were able to implement that plan, it has now created an extra $860,000 of annual wealth for you. Yes, as one of just five ways you're paid. If you think that sounds scary - or unconventional - it's definitely unconventional. Because being conventional gets one nowhere. So, though you might have not been able to amass that much good debt, I was ahead of the inflation, helping you get out in front of it to take advantage of it. Of course, I talked about it well before 2019 too. And, no, I sure didn't know that a pandemic was coming in 2020 and it was going to bring all this inflation this quickly… but that is how things worked out. Now, if you're uninitiated on this, if you originate $10M in loans, understand something. Your net worth didn't just decrease by $10M on the day that you got the loan. The day that you originate the loan, what happens is that you've now got $10M in your asset column and $10M in your debt column. Leverage amplifies the $10M in your asset column… and then your debt column erodes through both tenant-made principal paydown - and this higher inflation. Maybe I'm stretching your thinking just merely by discussing 8-figure debt like that. So why is someone really compelled to be a real estate investor today? One big reason is that soaring inflation is going to be around for a while. So last Wednesday, when the Fed raised interest rates three-quarters of 1% - their highest daily increase since 1994. Understand that higher interest rates decrease demand. There's another name for substantially decreased demand. That is called a recession. I don't know if we'll get that far. Now, capitalism is not inherently inflationary. Sure, as employers' demand for labor rises, that's inflationary. But as businesses compete to offer goods and services at the lowest price - which is capitalism - that's deflationary. Libertarians are quick to point out that America has too much government intervention to be considered a truly capitalist economy anymore. That's a different conversation. But some have speculated that politicians are plotting another stimulus check drop on American citizens so that they can deal with inflation. I really hope that they do not do that. Sheesh, this would be a policy blunder. This would be like shooting a man that's already dead. This absurd approach of "printing up currency" would be to help people deal with the consequences of... "printing up currency". If you think that's preposterous, well… Quebec is actually doing this. They're issuing $500 stimulus checks to help the Canadian province's residents deal with inflation. Yeah, that's really happening. Soaring gas prices aren't just painful for summer road-trippers. Because fuel is a critical input for so many goods and services, higher costs are causing havoc across the economy in a lot of places that you wouldn't expect it… Aviation: Airfares in the US skyrocketed 19% in April from a month earlier, an increase that is almost exclusively driven by a jump in jet fuel prices, United CEO Scott Kirby said. Now, you might have expected that one. But get this… Law enforcement: A sheriff's department in Michigan instructed its deputies to cut back on visits for non-urgent calls because it had blasted through its fuel budget with months remaining until a new one kicks in. (Yeah, inflation affecting law enforcement!) Emergency services: An ambulance crew in Pittsburgh said it was limiting its service outside of 911 calls after facing a similar budget crunch. Its fuel expense for the full year is typically $50,000, and it's already got close to that entering June. Landscaping: Lawnmowers and trimmers use gas to make your front yard the envy of the neighborhood. But after absorbing all of the cost increases they can, some landscapers have slapped a surcharge on customers, and others are even looking into electric mowers and propane as an alternative fuel. In any case, a look at history tells us that we could be in for high inflation for a full decade. So make financial decisions accordingly. Risk assets are typically really sensitive to big moves in inflation and interest rates. Major stock indices are down, down, down. And cryptocurrencies are in an all-out historic meltdown. They're more volatile than stocks, and many have lost 50%-60%+ of their value just this year. Crypto trading platforms have halted withdrawals Companies cut jobs Panicked investors dumped their holdings The public is finally dismissing promoters' claims of "Hey, I made $50k on doodoo coin. So you can you!". You don't really hear that lately. Let's Go Brandon Coin, now worth $0.00. And “Let's Go Brandon” coin makes Dogecoin look like some sort of respectable family heirloom. I actually still think bitcoin could have some potential, but… So then where to look? Where do you go for yield today? Some feel that the "true rate of inflation" is 15% today. Then that's how much prosperity you lose by storing cash. (I believe it's wise to hold at least 3-5% of your real estate portfolio's value in cash.) One place could be oil if you think there's still a runup to be had there. But oil has performed well so far this year. Gold still hasn't really awakened despite inflation. What you can do… is… Follow the money. Big institutional buyers like American Homes 4 Rent keep plowing money into real estate, especially single-family rental homes. That's historically the place to be in times of either high inflation or a recession. Though the institutional share is increasing, the overwhelming majority of homes are still bought by individuals just like you. In the fourth quarter of 2021, institutional buyers only comprised 18% of home purchases. As affordability clamps down on wannabe first-time homebuyers, unfortunately, many of these fine people never make it to the closing table. Every 1% in a mortgage rate increase decreases a buyer's PP by 12%. Mortgage interest rates are now 6%+ on OOs, about 7% on rentals. I believe that the only way houses are going to get more affordable anytime soon is if mortgage rates come down. That's because home prices aren't coming down anytime soon. So what do these priced-out people do? Increasingly, they become your renter. Rent price growth is predicted to outpace home price growth this year. Though some measures are lower, Rent.com's Rent Report shows an astounding 26% annual national rent increase. While a lot of major markets are struggling with a streak of Fed rate hikes that could drag on longer than the final two minutes of an NBA game... ...for real estate investors, the rent just keeps flowing in. And here's what it comes down to. Picture this. Like I've discussed before, first home prices rise, and then rents follow later. Picture two waves. Say that these two waves are 18 months apart. The first wave is home prices. Today, prices are still climbing but the wave has likely crested. That second wave that's coming in now are the torrid rent price increases. The trough between the two waves is where the cash flow is worst on new purchases. And now the second wave - that rent increase wave - is building. That's the ah… seafaring here in the rental housing market ocean if you will. Hey, In the past, I've discussed where I've invested and what RE types I like to own. Why don't we hear from GRE's own COO Aundrea Newbern, MBA about how she's positioning her portfolio in this environment of normalizing prices & spiking rents. Also, she & I will discuss some of our favorite resources & websites for real estate info. That's straight ahead. I'm Keith Weinhold. You're listening to Episode 402 of Get Rich Education! __________________ Yeah, great stuff from Aundrea, as always. We discussed markets. Of course, it's about the submarket too. As an example, maybe you don't feel like Erie, PA or Toledo, OH or Grand Rapids, MI are fast-growing markets. Actually, I think Grand Rapids, for one, is growing, but the point is, that even if a metro has a stable population but it's, say, medical district is booming - like a lot of cities' medical districts are… you may very well be better off in an OK metro with a booming medical SUBmarket than you are elsewhere. It's often about that SUBmarket within a metro that really matters to you. There aren't too many places that you can invest & get yield today. But high inflation is the motivator to do so. Create one login, one time, it's free & get access to all of our provider at GREmarketplace.com For everyone here… COO Aundrea Newbern, MBA, Content Manager Matthew Blunt, Producer - me &, Sound Engineer, Investment Coach Naresh Vissa, Website Marvin Diaz Jr, Advertising Jake Madoff, I'm your host Keith Weinhold. Don't Quit Your Daydream!
In today's highly competitive housing market, millions of Americans are priced out of buying a home, often competing with all-cash offers well above asking prices. Rents are skyrocketing, too, causing overall housing affordability to collapse at its fastest rate on record. Roben Farzad, host of public radio's Full Disclosure, joins John Yang to discuss. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders