Podcasts about real estate news

Share on
Share on Facebook
Share on Twitter
Share on Reddit
Share on LinkedIn
Copy link to clipboard
  • 123PODCASTS
  • 686EPISODES
  • 18mAVG DURATION
  • 1DAILY NEW EPISODE
  • Jul 7, 2022LATEST

POPULARITY

20122013201420152016201720182019202020212022


Best podcasts about real estate news

Latest podcast episodes about real estate news

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Inflation Slows, GDP Results for Q1, Year-Over-Year Rent Growth

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jul 7, 2022 6:46


In this Real Estate News Brief for the week ending July 2nd, 2022... why inflation appears to be slowing, what the GDP says about a potential recession, and the latest reports on rent growth.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week. The rate of inflation appears to have slowed a bit. The Personal Consumption Index, or PCI, was up .6% in May with a yearly rate that was unchanged at 6.3%, but the core rate was down slightly. The core rate doesn't include prices for food or fuel, and the yearly rate for that dropped from 4.9% in April to 4.7% in May. The Federal Reserve feels the PCI is more accurate than the Consumer Price Index or CPI, because the PCI factors in more variables, such as changes in consumer behavior. (1)It's now official. The economy shrank 1.6% in the first quarter, and the Atlanta Federal Reserve is forecasting a negative reading for the second quarter as well. The Atlanta Fed GDPNow tracker indicates that the economy shrank 1% in Q2. Two consecutive quarters of negative economic growth is interpreted as a recession. But MarketWatch reports that some economists are forecasting growth in the second quarter. We won't have the official reading until the end of this month. (2)(3)As concerns mount about a long-lasting recession, there are now predictions that the Fed will be cutting rates next year, not raising them. CNBC reports that most analysts expect the Fed to continue hiking rates until the end of “next” year, but global chief economist at UniCredit, Erik Nielsen, told CNBC: “Can you really hike interest rates into a recession even if inflation is high? That would be unusual.” Michael Yoshikama of Destination Wealth Management also feels that the Fed will reverse its course and cut rates by the end of “this” year. The predictions are all over the map however. The president of the Federal Reserve Bank of Cleveland, Loretta Mester, expects growth to slow but doesn't expect to see a recession. Ark Invest CEO, Cathie Wood, told CNBC that the U.S. is already in a recession. (4)Initial jobless claims were down by about 2,000 last week, to a total of 231,000, but the four-week average is slightly higher. Continuing claims have continued to fall and are now back down to pre-pandemic levels. MarketWatch economists feel that layoffs may remain low because companies have already had a tough time filling positions, and won't want to let anyone go. (5)Pending home sales have rebounded somewhat. The National Association of Realtors says they were up .7% in May after six months of declines. But there are still challenges ahead for the housing market. NAR's chief economist Lawrence Yun says: “Despite a small gain in pending sales from the prior month, the housing market is clearly undergoing a transition.” He says: “Contract signings are down sizably from a year ago because of much higher mortgage rates.” Year-over-year, they are down 13.6%. (6)Meantime, home prices are up again. The S&P CoreLogic Case-Shiller 20-city index shows a 21.2% year-over-year increase in April. That's up from 21.1% in March. The Federal Housing Finance Agency reports a slightly slower rate of growth. It says that home price growth is up 18.8% year-over-year. (7) Construction spending was down slightly in May, but remained the same for new single-family and multi-family homes. (8) And consumer confidence hit a 16-month low in June, due to concerns about the economy, high prices, and the possibility of a recession. (9)Mortgage RatesThe rise in mortgage rates took a break last week. Freddie Mac says the average 30-year fixed-rate mortgage fell 11 basis points to 5.7%. The 15-year dropped 9 points to 4.83%. (10)In other news making headlines…Homebuyers Lose Purchasing PowerA new study shows that a typical homebuyer has lost more than $100,000 in purchasing power because of high interest rates. Redfin says that a homebuyer that can afford $2,500 a month in mortgage payments can only buy a home worth about $400,000 right now, or $120,000 less than they could at the end of last year. For someone who can afford $3,500 a month, the budget cut is more like $165,000. (11)Redfin's chief economist Daryl Fairweather says: “Many house hunters now need to consider smaller homes – perhaps farther from their ideal neighborhood – or stick to renting if they're priced out of the market altogether.”Rent Growth Hot, but SlowingRents continue to rise across the country, but the pace is slowing down. The latest report from CoreLogic shows that single-family rents continue to move higher. The year-over-year rate in April was 14%. That's more than double what it was in April of last year. (12)And CoreLogic economist, Molly Boesel, doesn't see it slowing down anytime soon. She says: “We expect single-family rent growth to continue to increase at a rapid pace throughout 2022.”A new report from “Apartment List” shows similar rent growth for apartments. The year-over-year increase for July is 14.1% but the report says that apartment rent growth is slowing down. It was 17.8% year-over-year at the beginning of the year. (13)That's it for today. Check the show notes for links. You can also find out more about how changes in the economy are impacting the real estate market by listening to one of my recent webinars. It's called “The Changing Tides of 2022: How to Prepare as a Real Estate investor.” You'll find the webinar under the “Learn” tab on our website at newsforinvestors.com.Thanks for listening! And please remember to hit the subscribe button, and leave a review!I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-pce-inflation-and-consumer-spending-11656591128?mod=economic-report2 -https://www.marketwatch.com/story/its-a-wrap-u-s-first-quarter-gdp-shrank-1-6-the-second-quarter-isnt-looking-much-better-11656506598?mod=federal-reserve3 -https://www.fastcompany.com/90766283/recession-fed-gdp-tracker-atlanta4 -https://www.cnbc.com/2022/07/01/fed-could-cut-interest-rates-in-2023-analysts-say-after-rate-hikes-this-year.html5 -https://www.marketwatch.com/story/jobless-claims-inch-lower-in-latest-week-11656592825?mod=economic-report6 -https://www.marketwatch.com/story/u-s-pending-home-sales-rebound-in-may-reversing-a-six-month-decline-11656338457?mod=economic-report7 -https://www.marketwatch.com/story/home-price-growth-continues-slows-in-april-case-shiller-says-11656422745?mod=bnbh_mwarticle8 -https://www.marketwatch.com/story/u-s-construction-spending-fell-marginally-in-may-271656686288?mod=search_headline9 -https://www.marketwatch.com/story/consumer-confidence-falls-to-16-month-low-on-worries-about-inflation-and-economy-11656425418?mod=economic-report10 -https://www.freddiemac.com/pmms11 -https://www.cnbc.com/2022/06/28/rising-interest-rates-cost-typical-homebuyers-16-percent-of-purchasing-power.html12 -https://www.corelogic.com/intelligence/april-jump-in-us-rent-price-growth-puts-pressure-on-inflation-corelogic-reports/13 -https://www.apartmentlist.com/research/national-rent-data

Real Estate News: Real Estate Investing Podcast
House Reps Ask Investors: “Where Have All the Houses Gone?”

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jul 6, 2022 4:54


Members of Congress are taking a deep dive into the single-family housing market to find out “Where Have All the Houses Gone?” In this investigation, they took a close look at the business practices of the nation's largest landlords – the institutional landlords that buy huge lots of homes at one time. Although the results show an adverse impact on certain communities and potential homebuyers, housing experts argue that investor ownership of rental property is more of a symptom than a cause. (1)Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.This investigation began last fall when a subcommittee of the House Committee on Financial Services sent a survey to five of the largest single-family rental companies in the U.S. Asked to participate in this survey were Invitation Homes, American Homes4Rent, FirstKey Homes, Progress Residential and Amherst Residential. The survey dug into things like where they are buying homes, what they are paying, how much rent they are charging, etc. The final analysis used that information along with government data to come up with a few conclusions.Mass Predatory PurchasingThe subcommittee just held a hearing on the results last week. Subcommittee Chair, Representative Al Green, said during the hearing: “We have found that private equity companies have bought up hundreds of thousands of single-family homes and placed them on the rental market.” He referred to this practice as “mass predatory purchasing.” He also said:“These corporate buyers have tended to target lower-priced starter homes requiring limited renovation; these homes would likely have been bought by first-time buyers, low- to middle-income home-buyers, or both.” (2)The investigation also found that a disproportionate number of homes have been purchased in communities of color, and communities with a higher number of single mothers. An examination of the top 20 zip codes where institutional investors have purchased show that about 40% of the population is Black while just 13.4% of the overall population is Black. The number of single mothers is reportedly about 30% higher than average.Other findings include rents that are up 40% over three years from 2018 to 2021, and a doubling of the number of tenants who are behind on their rent. Lawmakers were also critical of automated property management, often used by institutional investors. They say if tenants can't get a hold of someone about a problem, they could be at risk of mismanagement and eviction when problems occur. (3)Investors as a Symptom, Not the CauseEven though the numbers have grown, Representative Tom Emmer sided with landlords, and reminded hearing attendees that 8.6% inflation is having a big impact on housing. He also said that institutional investors still account for a very small percentage of single-family rentals, which appears to mean that they couldn't possibly be a huge part of the problem.Jenny Schuetz of the Brookings Institution also testified that these big investors are not the cause of the housing gap. She says they are a symptom, because of the high demand for rentals and the critically low inventory of affordable homes. She says: “Private equity firms and other institutional investors benefit from tight housing supply, but they did not create the problem. Local governments across the U.S. have adopted policies that make it difficult to build more homes where people want to live.”The Executive Director of the National Rental Home Council, David Howard, also spoke out at the hearing. He answered the question about where all the houses have gone in a similar way – that they were never built. He also says that “single family rental home providers are not influencing local and national housing market dynamics.” In other words, they are “responding” to housing market dynamics. Collaboration to Find a Solution Howard says that these large landlords along with The National Rental Home Council have been working with the committee, and welcome the opportunity to continue with that collaboration to find meaningful solutions to this problem. In the meantime, landlords are needed to help fill the housing gap. You can find out more about the housing market, the rental market, and the economy by listening to one of my recent webinars. You'll find a replay for my Q2 2022 Housing Market Update 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://financialservices.house.gov/news/documentsingle.aspx?DocumentID=4096112 - https://www.marketwatch.com/story/institutional-investors-have-bought-hundreds-of-thousands-of-single-family-homes-many-in-black-communities-critics-say-its-creating-a-generation-of-renters-11656514935 3 - https://nationalmortgageprofessional.com/news/congressional-committee-exploring-where-have-all-houses-gone

Creating Wealth Real Estate Investing with Jason Hartman
1865: Are You Recession Ready? Peter Goodman's Davos Man Part 2

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jul 6, 2022 45:26


The economic landscape is changing fast and Jason Hartman reminds you that one of the best things you can do is to “dig your well before you're thirsty,” in other words, prepare yourself for a recession before it happens. On today's episode, he encourages you to secure lines of credit so they are ready when investment opportunities arise.  If you aren't a member already, Jason's Empowered Investor Pro meets monthly and discusses the most urgent issues in this changing market. Last night's meeting centered around rent increases and adjustable rate mortgages, so join today or risk getting left behind!  Today's guest is Peter S. Goodman, Global Economic Correspondent for The New York Times, author of Davos Man: How the Billionaires Devoured the World. Peter profiles the “Davos Man” - someone who makes himself the solution where he is actually  the problem. We've seen the billionaires who meet in Davos at the World Economic Forum generating profit opportunities for themselves at social expense. What is the solution? You can watch the video HERE. Key Takeaways: Jason's editorial 1:03 Introduction: Davos Man and Woke Inc. 3:01 Join the Empowered Investor Pro today! Go to EmpoweredInvestor.com 3:32 Population clocks and America's favorable demographics are driving up rental prices 5:49 A real world example 7:09 Adjustable rate loans 9:00 What to do now? 11:17 Look for ways to cut expenses 11:54 Secure credit lines. Free funding workshop at JasonHartman.com/Fund 13:25 Dig your well BEFORE you're thirsty 14:28 Set up entities to protect assets. Go to JasonHartman.com/Protect 15:17 Make educated investments. Watch the video on JasonHartman.com to learn how to analyze a real estate deal 15:57 More to follow 16:35 Tucker Carlson: Corporate America wants you childless Peter S. Goodman interview 20:14 Recap: “Davos Man” makes himself the solution where he is the problem 20:57 Bankers get bailed out, but homeowners don't 21:51 Healthcare system and surprise billing 26:01 Generating profit opportunities for themselves at social expense 32:05 Is Trump the “Anti-Davos Man?” 34:54 China is a complex challenge for the global trading system 39:40 China's WTO session was driven by the interests of American shareholders 41:36 Our democratic society is under threat from this inequality 42:53 We need three things: progressive taxation, antitrust enforcement and collective bargaining 43:48 Get more info at PeterSGoodman.com/. Follow Peter on Twitter @petersgoodman   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Creating Wealth Real Estate Investing with Jason Hartman
1864: Davos Man: How Billionaires Devoured the World, Peter Goodman Part 1, Independence Day Inflation

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jul 4, 2022 41:27


Jason Hartman wishes you all a very happy 4th of July celebrating the independence and constitution of this great country and gives you the latest numbers on the biggest scam of all - inflation! He reports the latest CPI inflation numbers to see how much extra your Fourth of July BBQ will cost you this year.  Today's guest is Peter S. Goodman, Global Economic Correspondent for The New York Times and they discuss his new book: Davos Man: How the Billionaires Devoured the World. Is the World Economic Forum conference in Davos a serious discussion about climate change and injustice or just a chance for billionaires to get together and do business?  The World Economic Forum institution was started by German economist Klaus Schwab back in the 70s, on the proposition that if you got businesses and governments together, you could solve a lot of problems. He's into public private partnerships. He's into Win Win solutions. But along the way, it has become, under the guise of a nonprofit foundation, a highly lucrative enterprise. And Schwab brings in heads of state from around the world to meet with billionaires, public intellectuals, a whole lot of journalists, the odd Hollywood celebrity, musicians etc. But according to Goodman, it's a charade; they are there to do business. Key Takeaways: Jason's editorial 1:26 Happy Independence Day! 2:59 The Importance of our fantastic constitution 5:13 Recent Supreme Court rulings 7:21 Inflation: the biggest scam of all - the latest CPI numbers 9:42 Housing inventory numbers are up 11:09 Learn where to invest at JasonHartman.com 12:16 Income and housing prices are non correlating indicators 15:02 Get a free portfolio makeover! Peter Goodman Interview 16:15 Welcome Peter S. Goodman, Global Economic Correspondent for The New York Times, author of Davos Man: How the Billionaires Devoured the World 16:49 World Economic Forum conference in Davos - is this a shadow government? 18:48 Rent-seeking behavior in Davos 19:44 The WEF was started by German economist Klaus Schwab back in the 70s 20:52 A chance for the billionaire class to virtue signal 22:56 Who is the “Davos Man?” 25:15 Marc Benioff, philanthropy, Trump tax cuts and capitalism 27:38 Big companies avoid taxes by using foreign subsidiaries 32:44 Christian Smalls, Amazon warehouse worker 35:25 “Davos Man” makes himself the solution where he is the problem 39:44 Bankers get bailed out, but homeowners don't   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Fed's Inflation Promise, Home Price Cuts, Top Homebuyer Destinations

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jul 1, 2022 5:48


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/

Creating Wealth Real Estate Investing with Jason Hartman
1863 FBF: Multidimensional Aspects of Income Property & Real Estate Investment Opportunities in Atlanta Georgia

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jul 1, 2022 46:01


Today's Flashback Friday is from episode 271 published on August 1, 2012. Jason Hartman answers client questions, discusses the organization of your real estate portfolio and is interviewed by Future Money Trends. During the interview, Jason discusses the multi-dimensional nature of income property and the one-dimensional or maybe two-dimensional nature of other investments as well as the demand equation. They can outsource all the manufacturing jobs to China, they can outsource all the call centers and administrative jobs to India or the Philippines, they can even “outsource” retail shopping to the internet; however, so long as the U.S. population is increasing there will be increased demand for housing. This is especially true with all the home-based business and corporate people working at home. Even Fortune 1000 companies are telling some of their employees to work at home. Remember that people only have three choices 1) buy, 2) rent or 3) be homeless.  Be sure to join Jason and his team in Atlanta, Georgia.  Details and registration at: https://www.jasonhartman.com/atlanta-investment-property-tour/ and call in to The Creating Wealth Show at (480) 788-7823 to get your economic, investment and personal finance questions answered.  People cannot accurately predict appreciation or depreciation so any asset that doesn't produce income from day one is a speculation and speculators usually lose. Investing isn't a gamble since it involves buying assets that produce income. There are many interesting issues discussed in this interview.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Creating Wealth Real Estate Investing with Jason Hartman
1862: House of Cards Economy: Trillions in Outstanding Credit, Joseph Wang - Fed Conspiracy? Part 2

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 29, 2022 40:35


Ladies and gentlemen we have an economy built on smoke and mirrors, built on a house of cards. Let's not forget that currency is lent into existence and today, Jason Hartman shares exactly how much outstanding credit the United States has.  Also, house inventory levels are starting to move in an upward direction. We're still a far cry from normal market levels, but Jason gives you the latest numbers from Altos Research.   Joseph Wang, aka The Fed Guy, former senior trader on the open markets desk at the Federal Reserve is back for part 2 of his interview today. Joseph gives his take on the Fed's response during times of economic crisis such as the Great Recession and the recent pandemic. Was it right of the Fed to get involved and stimulate the economy, or should they have let the economy and markets work themselves out? FedGuy.com Key Takeaways: Jason's editorial 1:03 Introducing Joseph Wang part 2 2:00 Based on Altos Research, housing inventory is going up up up! 3:03 Download our slide decks; just go to JasonHartman.com/Slides 4:15 The 90 day average; going back to a 'normal' market 5:18 Segmenting the market by price 9:45 Raffle Winners last week and pausing the raffle- for now 11:50 An economy of smoke and mirrors Joseph Wang Interview 17:52 The Philipps curve debate 20:43 Debt to GDP ratio and the dollar collapse 23:03 Why do other countries buy dollars?  26:35 Bloodbath in the cryptocurrency markets 29:10 Understanding the Fed - is there a man behind the curtain?  31:14 Was the Fed right to interfere during Covid and the Great Recession?  33:41 What is a shadow bank?  35:55 The story behind Long Term Capital Management 37:04 Be cautious with financial assets 38:47 Joseph Wang's book Central Banking 101, Learn more at FedGuy.com follow Joseph on Twitter @FedGuy12   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Real Estate News: Real Estate Investing Podcast
What's up with NONI Loans and Short-Term Rentals?

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 29, 2022 6:49


If history tends to repeat itself, you might wonder whether it's round two for the mortgage industry and the underwriting of risky loans – specifically, for short-term rental properties. It's easy to get into a short-term rental with a loan that's based on future rental income. It's not a new concept for real estate investors, but it's now becoming very popular for short-term rental investing as a way to pay for more expensive properties. On the other hand, it's possible to cover that expense with the expected income. But, what happens to that loan if, let's say, we have a recession and demand dries up for expensive short-term rentals?Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Non-Owner, No Income LoansYou may already know a bit about these loans. They are commonly known as NONI loans which stands for Non-Owner, No Income and are based on the future income of a property, and not on the borrower's paycheck. When a lender underwrites this kind of loan, they approve an amount for the purchase of the property that is proportional to future income. According to Realty411, it's typical to get up to a 75% LTV on loans up to $3.5 million. Borrowers don't need to show any income or employment, and they can be first-time investors because qualification is based on the expected cash flow from the property. (1)Those are a few of the basics for a NONI loan. You might also hear them called “debt service coverage ratio” loans, but NONI has a nicer tone. It also means grandmother in Italian. One lender, called “The Lender,” is capitalizing on that with an image of a grey-haired woman wearing heart-shaped glasses and flashing a peace sign. (2) What's not to like about that?The ad says: “Our NONI likes Airbnb. The NONI program allows borrowers to use income from vacation rentals, like Airbnb and VRBO… Results without the B.S.” So granny will get you a loan for your short-term rental business. Thanks granny! Just to be perfectly clear about NONI loans, they are very common loans for real estate investors. And the real estate investing mortgage market has been booming, but it's unclear how much of that boom is due to short-term rental NONI loans.Loans Based on Projected Rental IncomeAccording to Inside Mortgage Finance, lenders issued almost $10 billion in loans to investors last year. That's eight times as much as they did in 2018. Most of those investors qualified for the loans based on projected rental income. Although there's no way of knowing how many were borrowing money for short-term rentals, it appears those numbers are growing.Bloomberg says that rating companies have noticed more mortgages for properties without a lease or for properties with leases that are less than 90 days. “The Lender” told Bloomberg that it expects 60% of its rental-based loans for this year will qualify because of short-term rental income. (3)As it stands, the default rate is usually higher for NONI loans. One analyst says that borrowers who qualify for these loans are three times as likely to default as those with conventional loans. And with an unsteady economy, and the idea of a potential slowdown in the short-term rental market, that could put those borrowers at a higher risk, especially if they are inexperienced.“The Starry-Eyed Inexperienced Investor”As former assistant director at the U.S. Consumer Financial Protection Bureau, Patty McCoy, told B;oomberg: “The influx of the starry-eyed inexperienced investor is artificially boosting demand and causing the rental market to be overheated.” She says: “This whole class of loan and, in particular, some of these underwriting practices are a sign of market euphoria. That rarely turns out well.”Although some analysts see a parallel here with subprime mortgages that were approved with little or no income documentation, lenders say they underwrite these loans with great care. For one, borrowers must have exemplary credit, and lenders often require experience in the short-term rental market, or at least some amount of experience as a landlord.Some lenders may have tougher requirements than the ones I previously mentioned. For example, Viseo Co-Founder, Jeff Ball, says that borrowers often need a 30% down payment and at least six months of funds in reserve to pay the mortgage. He says the loans that his companies underwrite perform extremely well. He says: “People with good credit have good credit because they have a history of paying their obligations in good times and bad times.”But he also acknowledges that in the event of a recession, and a cut back on travel, there could be trouble. He says: “It's an interesting question.”Will There be a Short-Term Rental Downturn?Consumers are still whole right now. They saved money during the pandemic, and are now itching to get away. Many of them can also work remotely so a typically shorter vacation can be turned into a longer one. That puts money into the pockets of short-term property owners, and helps to pay for those NONI loans, but there's also another issue that STR investors need to keep in mind.The need for long-term housing is putting more and more pressure on short-term operators. It's something that is impacting the housing market here in the U.S. and around the world. There's a headline in the news right now, about the housing shortage in Brisbane, Australia, and a warning that short-term operators will be slapped with a huge additional fee. Like many places, Brisbane has seen a huge surge in short-term rentals. There are cities in Southern California tourist destination hot spots that have stopped issuing new licenses. Many long-term residents also want the ones in operation to be phased out. It's a wildcard that could spoil the best of your short-term rental plans! The best advice is to do your homework and make sure you know what's happening with demand and regulations. As you've heard me say before, real estate is the best way to build wealth, and there are many ways you can do that. But, you need to do your due diligence. You can find out more about how to invest safely by joining our network at newsforinvestors.com. It's free to join, and get your questions answered. While you are there, you can also check for links on this topic in the show notes for this episode.And please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke.Links:1 -https://realty411.com/the-non-owner-no-income-noni-loan-solution/2 -https://retail.thelender.com/3 -https://www.bloomberg.com/news/features/2022-06-14/airbnb-rentals-turn-into-real-estate-goldmines-with-easy-money-mortgages

Women Investing Network's Podcast
106: Central Banks Are Out of Time - RESET is Coming! Lynette Zang

Women Investing Network's Podcast

Play Episode Listen Later Jun 28, 2022 39:51


​​Jason Hartman welcomes Lynette Zang, Chief Market Analyst for ITM Trading. We are at the end of this current monetary experiment! Central banks are out of tools and out of time. Are we headed into a hyperinflationary depression? The system is already shifting and will have to be reset - we just need a big enough crisis to get everybody on board… 0:55 Welcome Lynette Zang, Chief Market Analyst for ITM Trading 2:09 Valuing Gold and crypto 4:22 Moving property and equity into the digital universe 5:24 What do you think the real rate of inflation is? 7:52 Inflation is a wealth transfer from the poor to the rich 10:09 Democracies such as Canada have gotten heavy handed 11:21 Modern monetary theory and central bank digital currencies 13:37 The Federal Reserve is out of tools 16:14 Purchasing power chart of the consumer dollar 17:58 Nixon closed the gold window on August 15 of 1971 and in that same era, he took a historic trip to China 20:03 Correlation between recessions and interest rates 22:50 Will the Fed continue to raise interest rates? 25:14 Nothing left for the Fed to do: the end is near 27:01 Is the reserve currency coming to an end? 29:19 A big strong middle class is what makes a country stable 31:12 Is gold insurance or an investment? 32:50 The number one product of any government and any central bank is its currency 33:57 Gold coins vs gold bullion 38:53 Learn more at ITM trading.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Creating Wealth Real Estate Investing with Jason Hartman
1861: The Fed Guy Joseph Wang: Mortgage Rates Will Go Even Higher! Part 1

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 27, 2022 41:05


Jason Hartman invites Joseph Wang aka The Fed Guy, to the show today. Who better to talk about the inner workings of the Federal Reserve than somewhere who actually worked there! Joseph Wang is a former senior trader on the open markets desk at the Federal Reserve and the author of Central Banking 101. Jason and Joseph tackle the biggest question on everyone's mind: will mortgage rates go higher? How much higher can they go? Why did the Fed wait so long to start quantitative tightening and raise rates? Why didn't they do it more gradually?  Is the Fed part of a greater conspiracy? Is there a man behind the curtain pulling the strings? Joseph Wang tells all! FedGuy.com Key Takeaways: 1:25 Working at the world's biggest investor 3:21 Us versus the G7 8:47 Increasing renter population 20:48 Welcome to The Creating Wealth Show, today's guest: Joseph Wang, aka The Fed Guy 24:53 What is it like to work at the Federal Reserve?  26:05 Fiction allows you to say things without being censored 29:42 G7 leaders want to destroy the value of your currency through inflation 31:01 Mortgage rates are higher but you're still getting paid to borrow 35:39 Mortgage rates are still below inflation  36:54 Bidding wars in the rental market   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Deconstruct
Is Multifamily Set to Cool Down?

Deconstruct

Play Episode Listen Later Jun 27, 2022 10:21


Multifamily was the most popular asset class for commercial real estate investors in the first quarter. This popularity was fueled by extraordinary rent growth and historically low interest rates. Investors could get relatively cheap capital to buy up apartment complexes with steady cash flow. But interest rates are no longer historically low. So will the market start to cool? You'll hear from Matt Fotis, a senior managing director at Marcus & Millichap in New York City.

Creating Wealth Real Estate Investing with Jason Hartman
1860 FBF: Compared To What? Buyers Markets, Sellers Markets & Brokers Markets, Demographics & Pensions

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 24, 2022 48:58


Today's Flashback Friday is from episode 885 published last September 20, 2017. In this solo episode, Jason analyzes widespread public statistics about US home sales, the value of the US Dollar and the looming pension crisis and asks the question ‘compared to what?' The doomsayers may not be considering all the facts when predicting the collapse of the US economy and the real estate bubble. Jason breaks down the concept of price discovery and details how it is directly impacted by the interest rate. He ends the show by scrutinizing the top-heavy economies in Europe. Key Takeaways: 03:00 Wells Fargo settled a class-action lawsuit for $142 million for ripping off America. 04:01 Does social media pressure give the average consumer leverage? 10:03 Including 'Compared to what?' information can help clarify statistics. 13:21 The three types of home sale markets are the buyer's market, the seller's market and the broker's market. 22:45 War as a business plan. 24:53 The cyclical, conservatives markets aren't likely to crash. 30:09 Price discovery is directly impacted by the interest rate. 33:41 Single-family home sales predictions from the Mortgage Bankers Assoc. & Fannie Mae and Freddie Mac. 39:49 Demographics & Pensions. Mentioned in This Episode: Jason Hartman Property Tracker Meet the Master's of Income Property Venture Alliance Mastermind PragurU Youtube Channel   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Tech in Real Estate
06-24-22 | Tech in Real Estate News | Factors that Influence a Market | EP031

Tech in Real Estate

Play Episode Listen Later Jun 24, 2022 14:47


Today we're going to discuss three topics, external market analysis for real estate. Second, Tampa Bay has been one of the most impacted housing markets from the pandemic and what factors contributed to that. And third, three states that have the hottest real estate markets right now.Join our facebook group: https://www.facebook.com/groups/263033709360071/Discover how you can streamline your processes and save costs with easy-to-use tools and technologies. Sign up for your free consultation here:https://www.analyticsariel.com/schedule-appointmentI hope you enjoy this episode, join the tribe and hit subscribe! 

Creating Wealth Real Estate Investing with Jason Hartman
1859: Peter Zeihan, The End of the World is Just the Beginning

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 22, 2022 53:01


Peter Zeihan, geopolitical strategist, is back on the show with Jason Hartman to discuss the breakdown of supply chains and global manufacturing, labor shortage, inflationary pressures, generational demographics, the Russia Ukraine conflict, and so much more!  At the moment, the labor disconnect is the single largest issue behind our inflation numbers and the worker shortage will increase every year until 2030. The advanced worker cadre of baby boomers is moving into retirement and the need for government spending to keep these people alive will skyrocket. The very core of globalization is that anyone can go anywhere to get anything. This will change as China is no longer a reliable manufacturing partner and many companies are on their way out. Also, when we talk about the breakdown of supply chains, we're entering into a world where raw commodity access is no longer guaranteed, so we can look forward to large portions of the world losing access to the inputs that are necessary to attempt a modern lifestyle. Take silicon for semiconductors for example; 95% of it comes from one mine in North Carolina. So it's one thing to control global food or global energy - it's another thing when you can control the only input that allows digitization to even theoretically happen.  The sourcing of raw materials is critical. Now that the world's top wheat exporter has invaded the world's number four wheat exporter, what short and long term consequences can we expect? Not to mention that Russia is also the world's largest exporter of fertilizer and the components necessary so people can make it. We're in the early stages of a multi year shortage in all things agricultural. PETER ZEIHAN is an expert in geopolitics: the study of how place impacts financial, economic, cultural, political and military developments. He presents customized executive briefings to a wide array of audiences which include, but are not limited to, financial professionals, Fortune 500 firms, energy investors, and a mix of industrial, power, agricultural and consulting associations and corporations. Mr. Zeihan has been featured in, and cited by, numerous newspapers and broadcasts including The Wall Street Journal, Forbes, AP, Bloomberg, CNN, ABC, The New York Times, Fox News and MarketWatch.

Real Estate News: Real Estate Investing Podcast
Real Estate News Brief: Supersized Rate Hike, Mortgage Sticker Shock, Home Equity Bonanza

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 22, 2022 6:09


In this Real Estate News Brief for the week ending June 18th, 2022... the Fed's supersized rate hike, mortgage rate sticker shock, and the home equity bonanza.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and the Fed's biggest rate hike in three decades. The central bank hiked the federal funds rate by three-quarters of a percent which puts it between 1.5% and 1.75%. If inflation doesn't show signs of slowing by next month, Fed Chief Jerome Powell said they might hike it by another three-quarters of a percent. He doesn't expect that to be a common practice, but he said the Fed is determined to get inflation back down to 2%. (1)The rate hike came after two more hot inflation reports. The Consumer Price Index shows that inflation hit an annual rate of 8.6% in May, while wholesale prices came in at 10.8%. Economists are now looking ahead to the CPI report for June as they anticipate the size of the next rate hike and whether higher rates will tip the economy into a recession. As reported by MarketWatch, the Fed has backed off the idea of a “soft landing” and is running the risk of a recession to get inflation under control. (2)The Fed is currently expecting the economy to slow to 1.7% over the next year-and-a-half with inflation running at 5.2% by the end of this year and 2.6% by the end of next year. It anticipates a slight rise in unemployment, but expects the job market to remain strong.Right now, jobless claims are low while job openings are high. There have been some reports of layoffs, which is contributing to recession anxiety. Last week, real estate companies Redfin and Compass announced layoffs, in response to a slower housing market. Redfin is cutting 8% of its staff, and Compass is cutting 10% because fewer people are buying homes. Many can't afford the high price of the home combined with a more expensive mortgage. (3)The housing slowdown is also impacting residential construction. The Commerce Department says that housing starts dropped 14.4% in May to an annual rate of 1.55 million. That's the biggest decline since April of last year. Multi-family starts dropped the most - by 26.8%. Single-family starts were down 9.2%. Permits also fell but only by 7%. (4)Mortgage RatesMortgage rates bolted higher last week, for the largest one-week increase since 1987. Freddie Mac says the average 30-year fixed-rate mortgage rose 55 basis points to 5.78%. The 15-year was up 43 points to 4.81%. On a positive note, higher mortgage rates will help control the crazy home price growth we've seen lately. (5)In other news making headlines…Mortgage Rate Sticker ShockThe rapid rise in mortgage rates is giving some homebuyers sticker shock. Even though mortgage rates are nowhere as high as they were decades ago, they are at their highest level since about 2008. And that's cutting into homebuyer budgets. (6)The National Association of Realtors says that higher interest rates have chopped about 25% off the homebuyer's budget since the beginning of the year. As an example, NAR says that the typical buyer could afford a $360,000 home with a $1,400 monthly mortgage payment in January. Now, with higher interest rates, that buyer will have to shop for a $270,000 home if they want to maintain a $1,400 a month payment because a larger portion of the mortgage will go toward interest.Homebuyers Are Embracing ARMsOne way that homebuyers are dealing with the cost of the loan, is by choosing an adjustable rate mortgage or what's known as an ARM. The Mortgage Bankers Association says that the number of ARMs doubled in May, to help keep initial payments lower. They were as much as a full point lower on the MAXEX exchange. (7)According to the loan-trading platform, MAXEX is a network of 320 banks and nonbank originators, as well as 20 “high-profile investors.” It says these lenders have been seeing explosive growth in ARMs and it expects the trend to continue.Big Equity Gains for HomeownersWhile price appreciation makes it tough to buy a home, most homeowners are feeling a whole lot richer. According to a CoreLogic report, 62% of all U.S. properties rose in value with an average gain of about $64,000. (8)The states with the highest amount of appreciation were California and Hawaii with an average of about $140,000. Other red-hot states were Washington, Arizona, Utah, Colorado, and Nevada. The states with the lowest amount of average appreciation were Iowa at $17,000 and North Dakota at $19,000. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!I'd also like to recommend a new book called “The Wise Investor” by RealWealth co-founder Rich Fettke. He wrote the book as an entertaining way to share what he's learned about creating wealth both financially and personally. The protagonist is a man who realizes his life is nothing like he had planned and sets off to change that. The reader is swept along for the ride. It's a quick read, and is currently available as a Kindle book on Amazon. The hard cover and audio versions are coming out in August but you can pre-order them now. You can also read more about the book here. (at realwealth.com/grow)Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/fed-lifts-rates-by-most-in-three-decades-anticipates-policy-rate-rising-to-3-8-by-end-of-2023-11655316254?mod=mw_latestnews2 -https://www.marketwatch.com/story/as-fed-aggressively-raises-rates-here-are-4-takeaways-from-jerome-powells-press-conference-11655340311?mod=economy-politics3 -https://www.cnn.com/2022/06/17/investing/premarket-stocks-trading/index.html4 -https://www.marketwatch.com/story/u-s-housing-starts-plunge-in-may-11655383118?mod=u.s.-economic-calendar5 -https://www.freddiemac.com/pmms6 -https://magazine.realtor/daily-news/2022/06/17/surging-mortgage-rates-spook-house-hunters7 -https://www.housingwire.com/articles/maxex-report-shows-arms-doubled-in-may/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=216674568&_hsenc=p2ANqtz--7Is5ehx6QK5u6f15i-lFl9EfIiIrNoDk029qwgACHkfo3hZfA7lCOZovmqBlflCXrRa7iSat3Dq_i5TwJHWqKqwqWlQ&utm_content=216674568&utm_source=hs_email8 -https://magazine.realtor/daily-news/2022/06/10/homeowners-see-12-month-equity-gain-of-64k

Real Estate News: Real Estate Investing Podcast
SFR Demand Grows as Mortgage Rates Rise

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 20, 2022 5:04


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

Creating Wealth Real Estate Investing with Jason Hartman
1858: Real Estate Crash Panic as Market Shifts!

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 20, 2022 46:03


We have witnessed a massive shift in Federal Reserve policy over the last several months and a tightening of the money supply and it is having profound effects on the real estate market and on all the financial markets, whether it be precious metals, stocks or cryptocurrencies. It's been a rough ride for stock and crypto investors, with an absolute bloodbath in these markets recently. But where is the real estate market disaster that everyone is expecting? Where is the real estate market crash? First of all, we've got to distinguish real estate from income property. Are we talking about linear markets, cyclical markets or hybrid markets? Are they markets with good Land to Improvement Ratios? Also, in order to have a real estate crash, there are several things that have to line up, including distressed borrowers and high unemployment rates. Jason takes a closer look at all of these factors to see if a crash in the real estate market is on the horizon.

Real Estate News: Real Estate Investing Podcast
Rent Reporting a Win-Win for Tenants & Landlords!

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 17, 2022 4:55


Reporting rent payments to credit bureaus is growing in popularity to help tenants build credit. But it's not just something that helps tenants. According to the media website, Propmodo, it's also a better way to do business for landlords. And there are a growing number of companies offering this service to both tenants and landlords. (1)Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Having a long history of on-time rent payments speaks well of a renter. That's something every landlord looks for during the screening process. But until more recently, the only option for passing that information along to the “next” landlord is by word of mouth – from one landlord to another who's checking references, typically by phone.For the renter, on-time rent payments will obviously keep the peace with a current landlord, and help with any phone calls from a new landlord, but it does little to improve a renter's credit score. Although renters can build credit from paying their other bills, rent hasn't been one of things reported to the big three credit agencies because landlords are not considered creditors.Technology-Based SolutionsThe arrival of technology-based solutions or “fintech” is changing the way this information is distributed. Just this week, a company called “Bilt Rewards” announced that it will offer a free rent reporting service for tenants who live in Bilt Alliance multi-family buildings.Bilt tenants have been able to earn points for paying their rent on time, and then use those points to pay for other things like travel or to help pay next month's rent. And now those tenants can also choose to have those rent payments reported to Experian, Equifax, and Transunion to help build their credit, which they need to possibly eventually buy a home.As Bilt says on its website: “Rent reporting can help build a credit history, increase the types of credit on your credit report, and may boost your credit score.” (2)Rent Reporting is Valuable to LandlordsThis kind of information is also valuable to landlords to evaluate the likelihood that a future tenant will pay his or her rent. It even seems like a glaring omission that rent reporting has not been part of the credit reporting system, but as I mentioned, that's changing.There are a number of companies now offering the service. FrontLobby and RentRedi are two that come to mind, along with the one I previously mentioned, Bilt Rewards.Propmodo mentions a company called Piñata that also rewards tenants for making on-time payments. It's a New Jersey start-up with an app that provides currency to tenants with timely rent payments. That currency can then be used to buy things from prominent brands like Costco, Amazon, and Starbucks. Piñata also helps tenants build credit, and hopes to close the credit discrimination gap for renters.Propmodo says that the “lack” of rent reporting can be a source of frustration for renters. According to a report from Harvard's Joint Center for Housing Studies, almost 11 million renters spent more than 50% of their income on housing in 2018. That's a big chunk of a typical renter's income that doesn't build equity, and without contributing to their credit score, provides no additional financial benefit.Building Credit, Avoiding DelinquenciesAs reported by Propmodo, FrontLobby says that tenants have seen their credit scores jump more than 40 points “in a matter of months.” And for landlords, it says they can “lower payment delinquencies by 36%.” The Propmodo piece calls it a win-win for both tenants and landlords because “landlords and property management companies can make better screening decisions when they're deciding who to rent to. And, it says that “offering to report a tenant's rent payments to the credit bureaus is its own incentive to attract tenants.” For tenants, it helps them build credit, which they might need if they ever want to become homeowners.Fannie Mae has been using data on rent payments in its underwriting process since last September. And Freddie Mac is reportedly looking into doing it as well. (3)Check for links in the show notes at newsforinvestors.com.And please check out Rich Fettke's new book, “The Wise Investor.” It's a book that will help ground you and expand your horizons while teaching you about real estate, financial freedom, and the discovery of your better self. The kindle book is for sale on Amazon. The hard cover and audio versions are coming out in August but you can pre-order them now. You can also read more about the book here.Also, please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.propmodo.com/reporting-rent-to-credit-bureaus-is-better-for-tenants-and-landlords/2 -https://www.biltrewards.com/3 -https://www.nationalmortgagenews.com/news/rent-payment-reporting-program-launched-by-bilt-rewards

Creating Wealth Real Estate Investing with Jason Hartman
1857 FBF: Are We In A Stock Market Bubble? Self-Management Tips from Clients

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 17, 2022 36:01


Today's FlashBack Friday is from episode 1655 published last March 3, 2021. Are we in a Stock Market Bubble? Jason Hartman performs a walk-thru of the Wilshire 5,000 Index, discussing bubbles past and present. What kind of clues can we pick up? Self-management might not be for everyone, but it is for the empowered investor. Listen in for some self-management tips from clients across the Hartman Network.  Key Takeaways: 1:44 Are we in a stock market bubble? Wilshire 5,000 Index 5:54 From The [first] Tech Bubble to the Housing Bubble.  8:19 We have two completely separate economies; the Wall St. economy and the Main St. economy.  12:37 Self-management and being an empowered investor, and using Thumbtack.  17:22 Refi ‘Til Ya Die 21:17 Stagflate, tax, and lie. 26:37 If you are interested in self-managing, we highly advise you to join the Empowered Investor Network. 29:37 Thou shalt maintain control.  Websites: jasonhartman.com/empowered jasonhartman.com/sweethome jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Inflation's 40-Year High, Single-Family Rental Demand, Montana Migration

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 16, 2022 6:49


In this Real Estate News Brief for the week ending June 11th, 2022... inflation hits a 40-year high, demand grows for single family rentals, and a popular TV show inspires a Montana migration. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic NewsWe begin with economic news from this past week, and a report that shows the highest rate of inflation since 1981. The Consumer Price Index was up 1% in May to an annual rate of 8.6%. It was 8.3% last month. The increase is mostly due to rising gas and food prices. If you strip those out, the core rate was up .6% to an annual rate of 6%, which was actually down slightly from 6.2%. (1)The report is setting off alarm bells. Financial experts are now anticipating a 75 basis point rate hike at the next Fed meeting in June, and further hikes in July and September. The talk so far has been more along the lines of two 50 basis point hikes in June and July, but as one wealth advisor told CNBC, this report was a “doozy.” Tom Graff of Facet Wealth says: “The most concerning part of this report was its breadth. The monthly number wasn't driven by a few items. Most of the major categories actually accelerated price increases month-over-month.” (2)As inflation fears grow, so do worries about recession. Now the Atlanta Fed is lowering its forecast for the second quarter from 1.3% to a gain of just .9%. (3) It's interesting to note that real estate accounted for almost 17% of the GDP last year. The National Association of Realtors says it was 16.9% of the GDP or about $3.9 billion. That's about $113,000 in total economic impact for each home sale. (4) The Memorial Day weekend may have contributed to a jump in jobless claims. MarketWatch says they were up 27,000 to a five-month high of 229,000. It calls them seasonal “quirks” due to the holiday and not layoffs. (5) Mortgage RatesAfter idling for a few weeks, the mortgage rate seesaw continues. Freddie Mac says the average 30-year fixed-rate mortgage was 14 basis points higher last week to 5.23%. The 15-year was up 6 points to 4.38%. (6)The average contracted rate of interest was higher. The Mortgage Bankers Association says the 30-year went from 5.33% to 5.40%. That corresponded to a 7% drop in purchase applications. Refinance loans were also down 6%. The MBA says mortgage demand dropped to its lowest level in 22 years. (7)Freddie Mac's deputy chief economist Len Kiefer said in a tweet that the “U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006.” He said: “It hasn't shown up in many data series yet, but mortgage applications are pointing to a large decline over the summer.” He also clarified that he expects home sales to slow down quite a bit over the summer, but doesn't expect them to “grind to a complete halt.” (8) In other news making headlines... Pessimism Among Would-Be Homebuyers A new survey supports the idea of slower sales this summer. Fannie Mae's Home Purchasing Sentiment Index shows that almost 80% of the participants feel it's a bad time to buy a home right now. Almost as many people feel that mortgage rates will continue to march higher over the next year. (9)Fannie Mae expects a mild recession next year, but the agency says that inflation and rapidly rising short term interest rates could push us into a recession much sooner.Demand for Single-Family Rentals Big landlords are responding to a demand for single-family rentals. The National Association of Home Builders says that builders broke ground on 13,000 single-family rentals in the first quarter. That's a 63% increase from the first quarter of last year. (10) American Homes 4 Rent CEO, David Singelyn, told CNBC: “There are not enough quality homes for the number of American families.” He says the quantity of inquiries, showings, and applications for new rental homes is “two to three times greater today than it was two years ago before the pandemic.” TV Shows Drives Newcomers to MontanaMontana is getting a lot of attention as a great place to live, thanks to Kevin Costner's TV show “Yellowstone.” The show features the Dutton family and ranch-style living on large stretches of land with sweeping views of mountains and prairies. (11) Beartooth investment Group founder, Robert Keith, says his company has received influx of inquiries from all sorts of wealthy families who want to buy a ranch. He says: “They are looking to own really amazing large properties” like you see in the TV show. The show debuted in 2018 and has already pumped tens of millions of dollars into the Montana economy, but long-time Montana residents are worried it's attracting too many new residents and driving up home prices. The median home price was $500,000 before the pandemic. It's now almost $750,000. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review! If you're worried about inflation, real estate is a good way to safeguard your money. Real estate values don't fluctuate as wildly as stocks, and your rental income will carry you through any sort of a downturn. You can find out more about single-family rental investing at newsforinvestors.com. Join for free, and get access to experienced investment counselors, property teams, lenders, and more. Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-consumer-price-index-for-may-11654862886?mod=home-page2 -https://www.marketwatch.com/story/catastrophically-bad-inflation-report-is-boosting-chances-of-a-75-basis-point-hike-in-june-or-july-11654876860?mod=MW_article_top_stories3 -https://www.cnbc.com/2022/06/07/fed-gdp-tracker-shows-the-economy-could-be-on-the-brink-of-a-recession.html4 -https://cdn.nar.realtor/sites/default/files/documents/2022-state-economic-impact-report-us-04-28-2022.pdf5 -https://www.marketwatch.com/story/u-s-unemployment-claims-jump-27-000-to-five-month-high-of-229-000-11654778599?mod=economic-report6 -https://www.freddiemac.com/pmms7 -https://www.cnbc.com/2022/06/08/mortgage-demand-falls-to-the-lowest-level-in-22-years.html?__source=realestate%7cnews%7c&par=realestate8 -https://www.realtor.com/news/trends/the-u-s-housing-market-is-at-the-beginning-stages-of-the-most-significant-contraction-in-activity-since-2006/9 -https://www.housingwire.com/articles/almost-80-believe-its-a-bad-time-to-buy-property/10 -https://www.cnbc.com/2022/06/10/big-landlords-jump-into-the-homebuilding-as-demand-for-single-family-rentals-surges.html?__source=realestate%7cnews%7c&par=realestate11 -https://magazine.realtor/daily-news/2022/06/08/hit-tv-show-yellowstone-prompts-more-moves-to-montana

Creating Wealth Real Estate Investing with Jason Hartman
1856: Math of Real Estate, T.I.N.A.; Lynette Zang, End of US Dollar Reserve Currency

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 15, 2022 31:50


The "times they are a changing." In a time when investments are taking a hit, real estate in the "last one standing." Stocks, bonds, cryptocurrencies- nothing still compares to income property. It truly is the IDEAL investment: Income, Depreciation (in taxes), Equity buildup, Appreciation and Leverage. Jason also asked T.I.N.A. on the show but she refused- bad hair day and all... But indeed, There Is No Alternative when one realizes the multi-dimensional aspects of income property compared to other investments; especially a BANK ACCOUNT, where you lose at least 8% per year! (IF you believe what the government says about the inflation rate) versus a 25% return on investment! So, learn the math. Go to JasonHartman.com and watch a FREE video on why income property is the better investment. Jason also welcomes ​​back Lynette Zang, Chief Market Analyst for ITM Trading, in which they continue their discussion on the current state of our economy and different investments and some steps to take in case a collapse/reset does occur!  Key Takeaways: Jason's editorial 1:19 A huge shift in our economy 2:34 T.I.N.A.'s having a bad hair day 5:05 A losing investment option 6:00 Income property- Learn to do the math 8:55 Go to JasonHartman.com and watch a FREE video on why income property is the better investment Lynette Zang interview 10:31 Inflation would have run rampant 11:05 Correlation between recessions and interest rates 13:54 Will the Fed continue to raise interest rates? 16:18 Nothing left for the Fed to do: the end is near 18:05 Is the reserve currency coming to an end? 20:23 A big strong middle class is what makes a country stable 22:28  Is gold insurance or an investment? 23:53 The number one product of any government and any central bank is its currency 25:01 Gold coins vs gold bullion 29:58 Learn more at ITM trading.com     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

The REALTOR Roundtable
It's Your Story

The REALTOR Roundtable

Play Episode Listen Later Jun 15, 2022 32:17


John Mayfield, Missouri REALTORS® 2022 President, shares the power of storytelling and describes how REALTORS® can incorporate stories into their business to positively impact client relationships.

RRC Now
Ep. 9 - Is the Market Cooling?

RRC Now

Play Episode Listen Later Jun 14, 2022 33:04


Is the hot market finally showing signs of cooling due to the higher mortgage rates? How can buyers and sellers best be advised with the current conditions and how can agents be prepared for what is next.

Creating Wealth Real Estate Investing with Jason Hartman
1855: Housing Shortage to Last Decades, Lynette Zang - Central Banks are Out of Time: Reset is Coming

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 13, 2022 34:35


For all of the crash bros out there waiting for a real estate crash, don't hold your breath! Jason Hartman takes you through some revealing statistics from Black Knight Data Reports to show you once again, why a real estate market crash is not on the horizon any time soon and why the housing shortage is set to last decades. Remember, the two value drivers for anything, whether it be currency, mortgages, precious metals, etc, the two value drivers are simply scarcity and utility. When your mortgage is below the current rate, it becomes irreplaceable.  Jason is joined today by ​ Lynette Zang, Chief Market Analyst for ITM Trading. We are at the end of this current monetary experiment! Central banks are out of tools and out of time. Are we headed into a hyperinflationary depression? The system is already shifting and will have to be reset - we just need a big enough crisis to get everybody on board…

Better Than Success Real Estate News Briefing
Better Than Success Real Estate News Brief for June 13, 2022

Better Than Success Real Estate News Briefing

Play Episode Listen Later Jun 13, 2022 4:20


Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment. President Biden Thinks He Can Fix The Housing Crisis. Is He Right? https://www.realtor.com/news/trends/president-biden-plans-to-bring-down-housing-costs/   Homebuilder sentiment falls to 2-year low on declining demand and rising costs https://www.cnbc.com/2022/05/17/home-builder-sentiment-falls-to-2-year-low-on-declining-demand-rising-costs.html Five Experts Share Data Strategies To Survive Wild Housing Market https://www.forbes.com/sites/jennifercastenson/2022/05/19/five-experts-share-data-strategies-to-survive-wild-housing-market/?sh=31724d7e7926 To see our upcoming events, visit betterthansuccess.com/events. Check out our YouTube channel at youtube.com/betterthansuccess.

Deconstruct
Will the Industrial Market Ever Slow Down?

Deconstruct

Play Episode Listen Later Jun 13, 2022 12:38


The industrial market is hot. If you're in commercial real estate, you've heard this a million times. But, as we approach mid-2022, interest rates are up, meaning acquisitions and development are both more expensive. And Amazon, obviously the largest e-commerce company, has told the world it has too much warehouse space. So what does this all mean for the industrial market? You'll hear from Barbara Perrier, an industrial broker at CBRE, and Jordan Kovalsky, who oversees acquisitions and asset management for Faropoint across the Midwest. Credits: Reuters

Jason Hartman In the Hot Seat
100 HS: Inflation | Interest Rates How They Affect The Price of Real Estate

Jason Hartman In the Hot Seat

Play Episode Listen Later Jun 13, 2022 37:56


Your favorite real estate expert Jason Hartman takes a deep dive into today's economic environment and explains what to keep in mind while valuing the price of real estate. Watch the video on Jason's YouTube channel HERE. 0:49 Real estate investor David Ordoñez welcomes Jason Hartman 1:19 The amount of money that has been created is astronomical 2:32 Empowered Investor - helping investors buy properties nationwide 3:52 Last year's homeowner's equity increase 5:50 All real estate is local, but inventory is tight everywhere 7:39 Inflation induced debt destruction 9:38 Comparing real estate prices to a basket of good with the Hartman Comparison Index™ 11:08 High land values in cyclical markets 12:48 Comparing the value of real estate historically 15:32 Other factors affecting commodity prices 19:01 Wealth inequality gap 23:45 Consumer Price Index and understated inflation numbers 25:01 Comparing the monthly mortgage payment 27:26 Low birth rates, Great Resignation = people inventory shortage 29:37 Should I invest now? What if there is a market correction? 33:18 Learn more about the The Hartman Comparison Index™ at https://www.hartmanindex.com/white-paper 35:03 Buying real estate with debt     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN   https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals   Free White Paper on The Hartman Comparison Index™: https://www.hartmanindex.com/white-paper   Free Report on Pandemic Investing: https://www.PandemicInvesting.com   Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ… Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

Real Estate News: Real Estate Investing Podcast
Affordable, Climate-Friendly Homes Made of FOAM

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 10, 2022 4:53


A Phoenix-based construction company isn't worried about the high price of lumber. It has replaced lumber with another building material that it claims is cheaper, more available, more resistant to natural disasters, and more energy efficient.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.Amazing Building MaterialSo what is this amazing building material? It's basically a combination of foam and cement in layers. It can be used on all parts of a home including walls, floors, and ceilings. And lowers the cost of building the home by as much as 10 to 50%.Strata International calls the product SABS which stands for Saebi Alternative Building System. Strata is a green structural engineering company and Amir Saebi (Sigh-EE-bee) is the Executive Operations Manager. (1)The process involves the cutting of foam slabs into smaller elements of the home design and then gluing them together with a foam adhesive to create a three-dimensional structure. That foam structure is then covered on both the inside and the outside with a thin layer of high-strength concrete. No Wood. No Nails. No Steel. No Nothing.Saebi told a local TV station: “Once the panels come together you have a monolithic system completely made out of foam.” After that, he says: “We'll take the high-strength concrete and apply it to the exterior and interior and that's all the system uses. No wood. No nails. No steel. No nothing. It's just the foam and the SABS product which goes over it which is the high-strength concrete.” (2)Saebi says it's so strong that you could drive an F150 truck onto a six-inch finished piece without cracking it. He also described the environmental qualities of the foam as “100% breathable, 100% liveable, FDA approved, and 100% recyclable.”There's a chart on the website that shows how this foam can outperform other building materials when it comes to mother nature. (3) It says that houses made of this foam can withstand winds up to 260 miles per hour, making it highly resistant to hurricanes. It's also at the top of its class when it comes to earthquakes, mold resistance, and rodent resistance. It has a moderate reading for fires which is better than wood.Practical Solution for Green ConstructionStrata says the foam is a perfect solution for a building material that is more climate friendly, and the first practical solution for green construction because it checks so many boxes – from affordability to sustainability.It's also a better insulating material than wood, masonry and other building materials. It has a minimum R-value of 35 with an average R-value of 50 to 65. The minimum R-value alone is more than double the R-value of wood and masonry.The R-value of a building material indicates how well it resists heat. The higher the number, the higher the resistance. The foam is also good for soundproofing. Saebi says that energy efficiency is about double what you'd get from a home built of wood, and in places like Arizona, it can cut your AC bill in half.No Limits on DesignHe also emphasizes the design benefits of foam because you have no limits to the kind of shapes you can create. There are also fewer steps to the construction process. Building a home out of foam might require four kinds of sub-contractors while a wood home requires 11.The company has already built hundreds of foam buildings around the world, and is currently building a 6,000-square foot home out of foam in the Phoenix area. Saebi says the supply chain issues that have haunted builders for the last few years haven't impacted the availability of foam so foam prices haven't really hasn't increased.Strata first introduced its foam building material more than 20 years ago in 1999 so it's been around for a while. Saebi says with supply chain and climate change issues, it's now becoming more popular.Check for links in the show notes at newsforinvestors.com. Also, please remember to hit the subscribe button, and leave a review! You can also join our real estate investor network for free at newsforinvestors.com. That gives you access to the Investor Portal where you'll find information on rental markets and sample property pro-formas. You can also connect with 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.strataus.com/media2 -https://www.fox10phoenix.com/news/as-cost-to-build-home-rises-phoenix-area-company-using-new-material-to-build-houses3 -https://www.strataus.com/_files/ugd/077c93_088198965db54c829afee29a01d596f8.pdf

Creating Wealth Real Estate Investing with Jason Hartman
1854 FBF: Real Estate Economic Indicators, Renting as Choice #1 & the Deal Is Never Done

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 10, 2022 35:52


Today's Flashback Friday is from episode 1076 published last October 29, 2018.  Today's episode features Jason Hartman looking at some economic data that's come out in regards to the housing market, and what that means for us as investors. You must be wary of misleading statistics and keep in mind that, even after you close, a real estate deal is never done. Listen in as Jason introduces you to the unconventional thinking when it comes to the demise of Sears for commercial real estate investors and more. Key Takeaways: 4:04 A look at one potential rental income property 9:39 Be mindful of misleading statistics 11:51 There's a difference between appreciation and capital improvement that will skew the comparable sales in a neighborhood 14:36 When you purchase a piece of income property, the deal is not final 20:12 The interesting part of the demise of Sears in regards to landlords of shopping malls 23:31 The Appraisal Principle 27:34 Over 75% of Americans view renting as more affordable than owning a home 32:48 Don't let the tail wag the dog when it comes to your investments Websites: www.JasonHartman.com/Contest www.JasonHartman.com/Properties Profits in Paradise Jason Hartman's Alexa Flash Briefing The PropertyCast     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN   https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™:  https://www.hartmanindex.com/white-paper   Free Report on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ… Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

Tech in Real Estate
06-10-22 Tech in Real Estate News | Worst Markets for Real Estate Crash EP029

Tech in Real Estate

Play Episode Listen Later Jun 10, 2022 11:54


Are you looking to invest in the next real estate hot spot? Check out this video, where Jordan Bean and I discuss how to track emerging real estate markets using county permit data and census data.Join our facebook group: https://www.facebook.com/groups/263033709360071/Discover how you can streamline your processes and save costs with easy-to-use tools and technologies. Sign up for your free consultation here:https://www.analyticsariel.com/schedule-appointmentI hope you enjoy this episode, join the tribe and hit subscribe! 

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Inflation as Top Economic Priority, Homebuyer Budget Reduction, Falling Lumber Prices

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 9, 2022 6:06


In this Real Estate News Brief for the week ending June 4th, 2022... what's being done about inflation, how inflation is impacting homebuyers, and why lumber prices are actually falling.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 lots of talk about inflation. President Biden launched a new effort last week to tackle inflation. As reported by the Washington Post, he was apparently fuming to aides that not enough was being done to control inflation. That turned into a flurry of activity to get the ball rolling and send a positive message to the American people. He met with both Federal Reserve Chief Jerome Powell and Former Fed Chief Janet Yellen in the Oval Office, and said in a public address that fighting inflation was his top economic priority. (1)President Biden also published an op-ed piece for the Wall Street Journal outlining a three-part strategy for fighting inflation. The first part involves the Federal Reserve's responsibility for controlling inflation, which it's now doing with aggressive rate hikes. Biden says he won't meddle with that, but for part two, he says he will do what he can, or with the help of Congress, “to make things more affordable for families.” That includes an effort to lower prices for gas, utilities, prescription drugs, and other everyday goods. The third part involves deficit reduction. The Congressional Budget Office projected the deficit will fall by $1.7 trillion this year. Biden wants to see even more of a reduction with what he calls “common-sense” tax reforms. (2)*Ironically, what was not mentioned was the Fed's stimulus, and the trillions of dollars that were created over the past two years that increased the money supply by nearly 50%. Additionally, the Fed had continued to buy Mortgage Backed Securities to support the housing market, until spring of 2022, when home prices had already increased by 20%. So in my opinion, the Federal Reserve together with the US government contributed to the inflation they are now trying to combat with rapidly rising rates and Quantitative Tightening. If you'd like to hear more about my opinions on how we got here, listen to the new podcast, On the Market, which is sponsored by FundRise. I am a regular guest expert on that show, and we go into detail on what's behind the headlines.There's a bit of good news about Social Security thanks to the strong job market recovery. The Treasury Department says that Social Security benefits are now fully funded through 2034. That's one year longer than previous estimates. It also says the disability insurance program has enough funds to pay full benefits for the next 75 years, through 2097. Last year, Treasury officials said that funds would be gone by 2057. (6)Unemployment claims fell for a second week in a row. There were just 200,000 initial claims, and 1.31 million continuing claims. Continuing claims are the lowest since 1969. (7) The unemployment rate in May was at 3.6%. (8)Now to the housing market: Construction spending was .2% higher in April, mostly due to money spent on residential construction. It was up .5% for single-family homes, .8% for multi-family buildings, and down for non-residential private and public construction. (9)*The latest Case-Shiller home price report shows that prices hit a new record high in April. The 20-city index was up 3.1% in April for a yearly rate of 21.2%. Keep in mind that April closings probably had rate locks in March, before interest rates increased two points.(10)Mortgage Rates Mortgage rates didn't move much this last week. Freddie Mac says the average 30-year fixed rate mortgage was down just one basis point, to 5.09%. The 15-year was up one point to 4.32%. (11) Purchase applications are now about 14% lower than they were a year ago, thanks to higher rates. The Mortgage Bankers Association says the average contract rate for a 30-year with a 20% down payment was 5.33% last week. (12)In other news making headlines...Inflation Impact on Homebuyer's BudgetInflation is taking a huge bite out of the homebuyer's budget. According to the National Association of Realtors, homebuyers have to chop $40,000 off their budget for a home because they are paying more for everything else. (13)NAR says the average consumer is paying about $500 more per month compared to a year ago. That's an extra $6,000 a year. NAR'S chief economist Lawrence Yun expects a 10% decrease in housing demand thanks to higher prices, although he still expects a 5% increase in home prices because of the tight inventory. Lumber Prices TumbleLumber prices are coming back down to earth. The National Association of Homebuilders says they fell 12% this last week to their lowest level so far this year. (14) The Wall Street Journal reports that prices are coming down because the housing market is cooling off a bit. It says that orders for lumber are slowing down so inventories are building up, and sawmills are slashing prices.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.washingtonpost.com/politics/2022/05/31/biden-inflation-frustration/2 -https://www.wsj.com/articles/my-plan-for-fighting-inflation-joe-biden-gas-prices-economy-unemployment-jobs-covid-11653940654?mod=opinion_lead_pos53 -https://www.cnbc.com/2022/06/03/feds-mester-says-inflation-hasnt-peaked-and-multiple-half-point-rate-hikes-are-needed.html4 -https://www.cnbc.com/2022/06/02/fed-vice-chair-lael-brainard-says-its-hard-to-see-the-case-for-the-fed-pausing-rate-hikes-.html5 -https://www.cnbc.com/2022/06/01/the-feds-mary-daly-says-rate-hikes-should-continue-until-inflation-is-tamed.html6 -https://www.cnbc.com/2022/06/02/social-security-trust-fund-will-be-able-to-pay-benefits-longer-than-expected.html?&qsearchterm=social%20security7 -https://www.marketwatch.com/story/u-s-unemployment-claims-drop-to-200-000-as-layoffs-fall-to-lowest-level-on-record-11654173646?mod=economy-politics8 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-may-11654257620?mod=economic-report9 -https://www.marketwatch.com/story/u-s-construction-spending-rose-slightly-in-april-271654094325?mod=search_headline10 -https://www.marketwatch.com/story/increase-in-u-s-home-prices-hits-another-record-high-case-shiller-shows-11654004193?mod=bnbh_mwarticle11 -https://www.freddiemac.com/pmms12 -https://magazine.realtor/daily-news/2022/06/02/mortgage-applications-are-falling13 -https://www.realtrends.com/articles/inflation-cuts-homebuyer-budgets-by-40000/14 -https://magazine.realtor/daily-news/2022/06/03/the-lumber-bubble-may-have-just-burst15 -https://magazine.realtor/daily-news/2022/06/01/top-cities-for-renting-in-2022

Creating Wealth Real Estate Investing with Jason Hartman
1853: IRAs Under Attack In These States! From Corporate America to Real Estate Empire - Client Case Study, Kim Hopkins

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 8, 2022 47:46


Power is the name of the game for politicians and they will do anything to keep it, including protecting the real estate industry at all costs, which is responsible for 3.9 trillion dollars in revenue or nearly 17% of the national gross domestic product. But can a judge rule that creditors can go after the assets in your IRA? Follow the case of a California judge who will decide if creditors may come after your IRA assets not deemed necessary for living expenses or any distributions you take from your IRA.  Jason Hartman is joined by Kim Hopkins, owner of Iron Peak Properties, who shares her story about building a real estate empire that allows her to live her life by design. Follow her journey from academia to corporate America to real estate! Key Takeaways: Jason's editorial 1:25 Politicians and power 3:15 Why politicians will do everything to preserve the real estate industry 4:45 The real estate industry was responsible for 3.9 trillion or nearly 17% of national GDP 6:30 My secret lil pleasure  8:18 States with the largest income generated per home sale in 2021 10:33 Last year, 6.12 million existing homes were sold 11:02 Yet another reason to leave the socialist republic of California 13:24 Engage in asset protection strategies. Go to JasonHartman.com/Protect Kim Hopkins interview 14:15 Welcome Kim Hopkins, owner of Iron Peak Properties, which owns and manage over 350,000 square feet of real estate in Oregon, Washington, Utah, Texas and Arizona with a focus on multi-tenant industrial properties 16:28 The journey from academia to corporate to real estate 19:04 Kim's desire to build something new 21:04 Representing females in mathematics was not enough 21:51 Imposter syndrome 25:09 Tax credits for big companies startup 27:23 Rich Dad, Poor Dad – retiring from W2 corporate America 30:38 Is your job really the most important thing? 32:42 Women in the workforce produce tax revenue for the government and more GDP for the overall economy 34:50 Moving up in the corporate world complicates life even more 36:10 Lifestyle design: five hour workday from home in real estate 38:30 Building a civilization 39:25 Edward Bernays  41:40 Start with your endgame: building a real estate empire     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN   https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: https://www.hartmanindex.com/white-paper   Free Report on Pandemic Investing: https://www.PandemicInvesting.com   Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ… Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…        

Creating Wealth Real Estate Investing with Jason Hartman
1852: Inflation PLANDEMIC- The Problem of our Lifetime, Jason Speaking in Dallas, Empowered Investor Pro

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 6, 2022 37:34


Go ahead! You can make fun of Jason's haircut! Compared to what? Compared to a year ago, he did have more hair! :) Today, Jason challenges all listeners about his claim- that income property is the most historically proven asset class in the world! A successful business could, but those need a ton of work! He also invites everyone to join the rebranded Empowered Investor Pro! Lots of connections, education, tools and bonuses to be had! Go to EmpoweredInvestor.com today! Furthermore, Jason shares what's going on in Turkey's economy and how strong the American brand and its currency is till today! He also shares his speech at a convention in Plano, Texas!

Better Than Success Real Estate News Briefing
Better Than Success Real Estate News Brief for June 6, 2022

Better Than Success Real Estate News Briefing

Play Episode Listen Later Jun 6, 2022 4:30


Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment. Nonbanks deliver a wishlist to the FHA https://www.housingwire.com/articles/nonbanks-deliver-a-wishlist-to-the-fha/   Lumber slumps to seven-month lows as housing market bears brunt of rate hikes https://seekingalpha.com/news/3844810-lumber-slumps-to-seven-month-lows-as-housing-market-bears-brunt-of-rate-hikes   How Did Pandemic Lead to A Difficult Real Estate Market? https://www.financebrokerage.com/how-did-pandemic-lead-to-a-difficult-real-estate-market/ To see our upcoming events, visit betterthansuccess.com/events. Check out our YouTube channel at youtube.com/betterthansuccess.

Deconstruct
Who's Afraid of Fires and Floodwaters?

Deconstruct

Play Episode Listen Later Jun 6, 2022 15:04


Last month, a two-story home in the Outer Banks, North Carolina, washed away in a storm. We're all seeing rising sea levels, more flash flooding, hurricanes and fires across the country. But are these events of climate change deterring homeowners from buying in certain areas? Deconstruct's Suzannah Cavanaugh chats to Ben Keys, a professor of real estate at The Wharton School at The University of Pennsylvania, Luis Robledo from Douglas Elliman in California and Cristian Salazar, the director of communications at the Center for New York City Neighborhoods. Credit: Storyful, "Beach house collapses into ocean during storm"

Creating Wealth Real Estate Investing with Jason Hartman
1851 FBF_Pension Ponzi Schemes, Asset Inflation, War On The Middle Class, Bernie Madoff, Market Cycles, American Greed - Pat & Jason

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jun 3, 2022 47:56


Today's FlashBack Friday was published last August 21, 2017. Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: 02:25 Is the US a giant Ponzi scheme? 05:31 Understanding the difference between pension benefit plans and contribution plans is essential. 15:15 The financial service industry preys on retail investors. 20:49 Harry Markopolos is waiting to capitalize on a market correction. 27:09 Analyzing the patterns and mistakes of the middle-class investor. 35:27 The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. 37:49 Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Mentioned in This Episode: Be Your Bank The Wealth Standard The Wizard of Lies 401K Jail Article Venture Alliance Mastermind     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN   https://twitter.com/JasonHartmanROI https://www.instagram.com/jasonhartman1/ https://www.linkedin.com/in/jasonhartmaninvestor/ Learn More: https://www.jasonhartman.com/   Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™:  https://www.hartmanindex.com/white-paper Free Report on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172 Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman Extra: https://www.youtube.com/channel/UC0qQ… Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…

Real Estate News: Real Estate Investing Podcast
The Real Estate News Brief: Condo Comeback, Wildfire Risk Tool, Low-Tax States

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later Jun 1, 2022 6:17


In this Real Estate News Brief for the week ending May 28th, 2022... you'll hear about the “condo comeback,” a new wildfire risk assessment tool for your properties, and which states can save you the most money on taxes.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic NewsWe begin with economic news from this past week and a bit of good news about inflation. The Federal Reserve's preferred method for tracking inflation shows that price growth could be slowing down. The Personal Consumption Index or PCE rose only .2% in April. That brings the annual rate down from 6.6% in March to 6.3% in April. As reported by MarketWatch, it was the first time we've seen a pullback in a year-and-a-half. (1)The PCE is considered to be more accurate than the Consumer Price Index or CPI because it factors in additional criteria such as consumers substituting expensive products for cheaper ones. The latest CPI shows an annual inflation rate of 8.3%.The Fed released the minutes of its last meeting which show that most central bank officials are in favor of two more half-percent rate hikes. Some officials believe that inflation has already peaked, but the minutes show that Fed officials feel that two more rate hikes are likely. The bank raised the Federal Funds rate by a half a percent (or 50 basis points) at the last meeting to a range of three-quarters to one percent. Some Wall Street analysts expect the Fed to go as high as 3% by the end of the year. (2)Meanwhile, unemployment claims went down which is a sign that the labor market is still strong. There were about 8,000 fewer new claims last week, for a total of 210,000. Most companies have positions they are trying to fill, and MarketWatch reports that only a “smattering” of companies have reduced their hiring plans or announced layoffs. The number of continuing claims rose slightly. There are about 1.35 million people collecting unemployment benefits. (3)New home sales took a bit of a nose dive in April. They were down 16.6% to an annual rate of 591,000. It's the fourth month in a row that they've gone down, thanks to higher home prices and rising mortgage rates. The median price of a home is now the highest on record at $435,000. The average price is even higher, at $570,300 which means there are more homes selling for that higher price point. The slowdown in sales has boosted inventory. It's now at a 14-year high of 444,000. (4)Existing home sales are also down for a sixth month in a row. The National Association of Realtors says that pending sales dropped to 3.9% in April, which is the slowest they've been in ten years. Compared to a year ago, they were down 9.1%. NAR's chief economist, Lawrence Yun, says higher interest rates have increased the cost of buying a home by more than 25%, and higher home prices have added another 15% on top of that. He's predicting that home price growth will slow down to about 5% by the end of the year, but that home prices are “in no danger of a meaningful decline” because of the housing shortage. (5)Mortgage RatesMortgage rate pain did ease up a little this last week. Freddie Mac says the average 30-year fixed-rate mortgage dropped 15 basis points to 5.1%. The 15-year was down 12 points to 4.31%. Lower rates are the result of the housing market slowdown. (6)In other news making headlines...Demand Rising for CondosBuilders are responding to a new demand for condominiums. The National Association of Home Builders reports 11,000 starts for condominium units in the first quarter of this year. That's the highest level of condo construction since the third quarter of 2008. (7)Redfin manager, Chance Glover, in Boston told Realtor.com: “The condo market has bounced back. People are no longer afraid to live downtown, close to the crowds.” She says: “Rising prices are pushing single-family homes out of reach for a lot of buyers, so condos are affordable in comparison.” (8)New Risk Factor Tool for WildfiresThe foundation that developed a tool to determine a property's risk of flooding just introduced one for wildfires. The First Street Foundation said in a press release that more than 30 million properties across the U.S. have at least a 1% chance of wildfire over 30 years because of climate change. (9)The Foundation's new tool helps individual homeowners, buyers, and renters understand the wildfire risk for specific properties. Like you can with the flood risk tool, you can put your address into the tool and get details on the risk of a wildfire. That includes a risk factor on a scale of one to ten, the extent of potential damage, and the impact of recent nearby wildfires. (10)States with the Lowest TaxesDo you own property in a high tax or a low tax state? There's a new state ranking from Credit Karma that compares income tax, sales tax, and property tax for all 50 states. When you combine the impact of all three, the five states with the lowest total tax rate are (drum roll): Alaska Wyoming New Hampshire Nevada South DakotaFlorida is 6th on that list and Texas is 9th. You can check out the full list of states with a breakdown on the individual tax rates by following a link in the show notes at newsforinvestors.com. You'll also find links to the wildfire risk assessment tool as well as the other topics in this episode.That's it for today. Please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/u-s-inflation-rate-slows-to-6-3-pce-shows-in-sign-price-pressures-could-be-near-peak-11653655258?mod=economy-politics2 -https://www.marketwatch.com/story/most-fed-officials-lean-to-1-2-point-rate-hikes-at-next-couple-of-meetings-11653503049?mod=federal-reserve3 -https://www.marketwatch.com/story/u-s-unemployment-claims-fall-to-210-000-and-signal-labor-market-still-strong-11653568551?mod=economy-politics4 -https://www.marketwatch.com/story/new-home-sales-plunge-as-high-prices-and-rising-mortgage-rates-discourage-buyers-11653401523?mod=economy-politics5 -https://magazine.realtor/daily-news/2022/05/26/contract-signings-hit-slowest-pace-in-nearly-a-decade6 -https://www.freddiemac.com/pmms7 -https://eyeonhousing.org/2022/05/condo-construction-market-showing-gains/8 -https://magazine.realtor/daily-news/2022/05/27/condo-construction-ramps-up9 -https://firststreet.org/press/press-release-2022-wildfire-model-launch/10 -https://riskfactor.com/11 -https://magazine.realtor/daily-news/2022/05/25/20-states-with-the-lowest-taxes-in-2022