Podcast appearances and mentions of Ted C Jones

In this episode of Commitment Matters, Mary speaks with Dr. Ted Jones, Chief Economist and Senior Vice President at Stewart Title Guaranty Company. If you'd like to learn more about the company, check out Stewart.com. You can reach Ted by email at tejones@stewart.com, read his blog at blog.stewart.com or follow him on Twitter. During their conversation, Ted or Mary mentioned: The pandemic accelerated moving rates out of California and the New England states and into the Pacific Northwest, Southwest and Southern states.It's been more than two years (700+ days) since the pandemic shut everything down and people started to work from home. Ted says that it takes about 66 days of repeating an action to make it a habit, so now working remotely has become a lifestyle.From July 2020-July 2021, The U.S. population grew 0.01%. The top growing states were Idaho (1.9%), Utah (1.7%), Montana (1.7%), Arizona (1.4%), South Carolina (1.2%), Delaware (1.2%).Texas grew 1.3%, but gained the most in total population (more than 300,000). Florida was second, gaining 200,000 people. Ted points out that Washington, D.C. had the biggest population percentage loss (2.9%). He notes that's probably because of high taxes. California, New York, Illinois and Hawaii are other high tax states that many people have moved from.Check out TurboTax's list of states with highest and lowest tax rates. In 2014, the U.S. produced 8.8 million barrels of oil per day with 525,000 workers. Oil prices were $93 per barrel. In 2020, the U.S. produced 30% more oil (nearly 13 million barrels per day) with 40% fewer workers. Oil prices dropped 60%. Ted says the U.S. currently produces oil with 76% fewer drilling rigs because of how technology has impacted business. Here's the latest Drilling Productivity Report from the U.S. Energy Information Administration. In February 2020-May 2020, the U.S. lost 24 million jobs (14.7% of the workforce). Currently, several states have higher levels of job growth than ever before; Utah, Idaho, Texas and Arizona.Ted says the hospitality industry will take a long time to recover since people are invested in their new homes and are working from home. The hardest hit states are Nevada (4.7% short) and Hawaii (12.4% short). Ted describes the 380 Metropolitan statistical areas, which are smaller cities that have a population of 50,000 or more. These areas are succeeding more in job growth and job recovery from the pandemic. United Van Lines shared its most popular inbound and outbound states by percentage during 2021. In the service industry, Ted points out the differences that the addition of drive-thrus, drive-up windows and curbside pickup can make on a business. He used the example of Chipotle adding drive-thru windows and saw store sales increase by 15%.Ted describes omnichannel marketing as the best way to sell to reach customers of all demographics and markets.Ted talks about an over-valued stock market, using Tesla as an example. Tesla sold 1.2% of the 70 million cars sold worldwide last year, however, the company is worth $1.1 trillion, which is equal to the combined market cap of nine carmakers who sold 57 million cars in 2021. If you'd like to contact the Commitment Matters podcast, email podcasts@ramquest.com. Don't forget to subscribe, rate, and review this podcast on Apple Podcast, Spotify, or wherever you listen to podcasts, or visit RamQuest.com/podcast to download the latest episode. Lastly, we love to see when and how you're listening. Share our posts, or create your own and tag them: #CommitmentMattersPodcast

In this episode of Commitment Matters, Mary speaks with Dr. Ted Jones, Chief Economist and Senior Vice President at Stewart Title Guaranty Company. If you'd like to learn more about the company, check out Stewart.com. You can reach Ted by email at tejones@stewart.com, read his blog or follow him on Twitter. 
 During their conversation, Ted or Mary mentioned: Ted says the biggest economic concern right now is inflation, with the consumer level at around 7.5% and wholesale level at 9.7%. On average, Americans are making only about 5% more than a year ago.Ted believes the American Rescue Plan, passed in 2021, is contributing to higher rates and could have very long-term effects. In the last decade (2010-2019), the U.S. added more than 22 million net new jobs and 10.5 million net new dwelling units, which averages 2.11 new jobs per dwelling unit (Ted says ideally, you want 1.25-1.5 new jobs per unit). The U.S. entered 2020 between only 4.2 and 7.2 million dwellings. Mary and Ted discuss the difficulties of keeping up with supply and demand, as seen in many industries right now: energy, lumber, home improvement, appliances and housing. The Zonda Index is a quarterly report that calculates the affordability of building a new home in any given city. After housing, energy is consumers' highest cost. Between inflation and the Russia-Ukraine conflict, gas prices are at an all-time high, an even bigger influx than seen in 2008. Ted estimates that consumers have $2.7 trillion saved up during the pandemic. Freddie Mac announced 30-year conventional fixed rate mortgages have dropped 3.76%, about a full percentage from this same time last year (note: the rates are updated weekly). The federal debt is at $30 trillion. Ted expresses concerns for rising interest rates, which could set the government back another $1 trillion per year. Stagflation is a term used to describe high inflation combined with high unemployment. Ted relates the term in commercial real estate to owning vacant properties during a stagnant economy. In a survey, 46% of Americans said they would take a pay cut to continue working from home. Additionally, 35% said if they were forced to go back into the office, they would find a new job. For a full report on remote work stats, click here. Last week, two of the top ten metro cities (Austin,TX and Houston,TX) had at least 50% of workers in their office buildings. The other metro areas saw around 30%, which means there's a lot of empty office space. Ted gives the example of how Amazon, Google and even hospitals are repurposing empty shopping malls to help with their growth. The Build Back Better Framework would increase corporate taxes and income taxes on high income individuals to provide funding for various proposed programs. Ted says it may encourage the government to continue to offshore manufacturing.Housing prices are at an all-time high, causing a rise in renters and a decline in homeowners. In a survey conducted by Redfin, 52% of millennials and Gen Z first-time homebuyers said they paid for their home with savings of their paycheck. 24% got it from their stimulus payments. According to a survey from Mizuho Securities, nearly 10% of stimulus checks went toward buying cryptocurrency or stocks. In 70% of U.S. cities, it is cheaper to rent than to own a home, as opposed to three years ago, when it was cheaper to buy.Last year, more total commercial real estate was sold in the U.S. than ever before, worth nearly $790 billion. More than $300 billion of that was spent on apartments.In a survey of more than 200,000 apartment dwellers, 25% said they would move this year. Of those, 49% wanted a more affordable apartment; 29% wanted more amenities; and 28% wanted more space.U-Haul reported Texas as its top inbound destination for movers last year. United Van Lines shows their top ten inbound and outbound states from 2021. Ted mentions a new hybrid mortgage from Fannie Mae and Freddie Mac. It has fixed interest rates for five, seven or ten years and can only go up or down 1% per year maximum.Ted details an investment opportunity that currently yields 7%. The Series I Savings Bond from Treasury Direct is repriced based on inflation every six months. Working in the title industry, Ted warns of cryptocurrency like NFTs, as they are high-risk investments and title companies are in the business of eliminating risk.On average, RON transactions are saving lenders $444 per transaction, and saving title companies $100. If you'd like to contact the Commitment Matters podcast, email podcasts@ramquest.com. Don't forget to subscribe, rate, and review this podcast on Apple Podcast, Spotify, or wherever you listen to podcasts, or visit RamQuest.com/podcast to download the latest episode. Lastly, we love to see when and how you're listening. Share our posts, or create your own and tag them: #CommitmentMattersPodcast

On this episode of HAR On The Move, we welcomed 2022 HAR Chair of the Board Jennifer Wauhob! You will hear her thoughts on challenges affecting the real estate market, her goals as Chair, and her predictions for the Houston real estate market in 2022. Interested in becoming a leader? Learn more about TRLP and apply today! Sign up for the Ted C. Jones Economic Forecast here. Are you an HAR MLS Platinum Subscriber? Join our Facebook Group! Click to join. Sign up for your free Inman Select Subscription here. Follow us on Facebook, Twitter, Instagram, YouTube and LinkedIn

In this episode of Commitment Matters, Mary speaks with Steve Gottheim, General Counsel for ALTA, whom you can contact via email at steve@alta.org. As a reminder, as with all our podcast episodes, this interview should not be considered as legal advice. During their conversation, Steve or Mary mentioned:In May of 2020, ALTA conducted a survey covering various digital closing options and adoption. Here is a recap of their findings. Plus, this November, 2019 ALTA survey indicates a growing interest in offering digital closings throughout the industry.Steve mentioned his article unpacking why you can't “just slap an eSignature on a pdf…”Remember back when the CFPB first debuted the idea of a “whack the stack” initiative?ALTA offers an informational pdf on the Secure Notarization Act and here is its official summary on the Congress website. Several articles, like this one from DLA Piper and JDUSPRA, offer more on its reintroduction in 2021.Steve and Mary touched on how creative title agencies had to become to conduct closings in the early days of COVID-19. Here are two great episodes from agents on the front line about this very thing; listen to Erin Tracy Jenner and Brad Jones tell of their experiences back in season one!Check out this industry brief from Docusign to learn more about its benefits.Freddie Mac has created this helpful checklist to implement eClosing and Fannie Mae has developed this learning center on the topic. Plus, as Steve and Mary noted, the GSE's have issued new guidance on RON. The ALTA Title and Settlement Agent Registry now offers a RON-ready self-identifier icon for agents!Mary and Steve reminisced on the readiness of the title industry during the run up to TRID. Were you active in the ALTA TRID Forum?Keep an eye out here for future ALTA Advocacy Summit information.Steve speaks of two goals playing in tension with the new administration: a desire for bipartisanship versus a democratic, progressive push. This article indicates most voters believe Biden wants bipartisanship but there's some question as to how it's defined.Meet Marcia L. Fudge, the newest United States Secretary of Housing and Urban Development and Janet Yellen, United States Secretary of the Treasury.Here is a bit more on President Biden's initial remarks on the bipartisan infrastructure deal. The White House also offers these fact sheets on the American Jobs Plan and the American Families Plan.Steve mentioned the National Defense Authorization Act “always passes” in a bipartisan move. Here's a quick overview of this series of laws. And, here's a look at the latest authorization of the Surface Transportation Reauthorization Act of 2021.The LA Times offers this look at the “tight rope act” for the widely-varied democratic caucus. Steve and Mary talk about the possible elimination or capping of 1031 Exchanges. To learn more about this issue, check out our episode with Ted C. Jones, Chief Economist – Senior Vice President at Stewart Title Guaranty Company, plus this article originally linked in that episode's show notes.As noted, after a 50/50 vote, the confirmation of current director nominee, Rohit Chopra to the CFPB was first stalled because of an FTC vacancy and then due to allegations of partisan employment practices.Steve noted the Supreme Court ruled last June the structure of the CFPB was unconstitutional.Want to read what ranking Senate member, Patrick Toomy asked in his letter to Rohit Chopra?The acting CFPB director, David Uejio outlined priorities and announced plans for more aggressive enforcement and supervision.Here's more on the outlook of fair homeownership opportunities for all.Steve quotes this forecast from the Pew Research Center, which states there will not be ethnic majority in US by 2055.Steve notes block chain can't replace Title Agents. This Bisnow.com article agrees!Get to know Chief Justice John Roberts, whom Steve praises for his institutional concern against partisan ruling.Here's more on the Supreme Court's ruling of No Concrete Harm, No Standing and the two cases mentioned in this episode: Spokeo, Inc. v Robins and TransUnion LLC v Ramirez.Read up on OFAC Sanctions.Former CFPB Director, Kathy Kraninger is credited for creating these RESPA FAQs. Join the Title Action Network (TAN) to participate in ALTA's advocacy actions.Learn more about the ALTA Good Deeds Foundation!Steve recommends connecting with ALTA's SVP of Public Affairs Christopher Morton, or VP of Government Affairs Elizabeth Blosser and ALTA's Director of Grassroots and Political Affairs, Leah Shimp Vass for industry political actions.If you'd like to contact the Commitment Matters podcast, email podcasts@ramquest.com. Don't forget to subscribe, rate, and review this podcast on Apple Podcast, Spotify, or wherever you listen to podcasts, or visit RamQuest.com/podcast to download the latest episode. Lastly, we love to see when and how you're listening. Share our posts, or create your own and tag them: #CommitmentMattersPodcast

In this super-sized episode of Commitment Matters, Mary (assisted by Grace and Shelby) speaks with Dr. Ted C. Jones, Chief Economist – Senior Vice President at Stewart Title Guaranty Company. You can reach Ted by email at TEJONES@stewart.com, read his blog at Blog.Stewart.com or follow him on Twitter where his handle is @DrTCJ.During their conversation, Mary or Ted mentioned:“History does not repeat itself, but it rhymes,” is a quote commonly attributed to Mark Twain. Here's more on that mystery.Ted accurately forecasted an increase in home sales in 2020 based on how society reacted after 9/11. Through the pandemic, we saw the lowest interest rates in history. Meet Ted's heroes: Secretary of the Treasury Steven Mnuchin and Chairman of the Federal Reserve, Jerome Powell.Here's an overview of the 2008 housing bubble which burst, partly due to liar loans.Fannie Mae and Freddie Mac offered extended forbearance options to those affected by COVID-19.The median home price increased by 19.1% last year.Ted mentions the Small Business Paycheck Protection Plan.In just two months of the pandemic, Americans lost 22.4 million jobs in 2020 in contrast to the 8 million lost over 24 months during the recession of the early 2000's. Here's the most recent report on employment from the U.S. Bureau of Labor Statistics.Ted offered an overview of GDP forecasts from a number of trusted sources, including Wells Fargo, The Conference Board, Goldman Sachs, Bank of America, Kiplinger, Federal Reserve Bank, and Fannie Mae.COVID-19 Federal Unemployment Benefits has led to a lack of willing workers to fill the 8.1 million open jobs which has caused a number of states to opt out of the funding.RedFin reports bidding competitions on 63% of housing transactions. Supply chain issues and shortages have indeed led to buy-back programs and higher-priced used cars. Sounds like Ted's dad isn't alone in receiving an offer from his dealer!Ted mentions reviewing President Biden's plan to raise taxes.Here's more on the rise in gasoline prices.2019 interest rates on Treasury Bonds sat at 0.52% in August of 2019 but have risen to 1.62%, a 200% increase on new debt. Still, it's nowhere near the 30-year residential mortgage rates from the early 1980's.Ted mentions his blog article forecasting population growth.Need a refresher on Rip Van Winkle?Fannie Mae and MBA forecast existing home sales and median prices to rise.Here's the article from the National Association of Home Builders breaking down the skyrocketing costs of materials and its effect on new home costs. Plus, the shortage of electricians is resulting in tremendous salary increases for the profession.Speaking of shortages…have you tried to purchase an appliance lately?Read more about Biden's Capital Gains Tax plan and the Net Investment Income Tax. Then, The Washington Post offers this insight into the ability to apply this increase retroactively.Wondering which states don't have state income tax?Retail and Office Space vacancy rates are soaring.Here's more on the Salesforce Tower and its new work from home policy.Ted cites a survey by S&P500 staffing firm Robert Half stating 1 in 3 people would rather look for a new job than return to the office full time, and he mentions in the episode that employers are considering leveling remote worker salaries.Mary and Ted discussed the volatility of the oil industry. For more on this, check out this 70 Year Historical Chart of Crude Oil Prices and this chart of Oil Production.During their discussion, Mary briefly mentioned driverless tractor trailers taking to the road. Want to learn more about Universal Basic Income?Ted mentioned living in New Zealand in 1981. Learn more about its money and taxation. Plus, you can read about employer redundancy payments too. Here's Ted's tweet about converting office buildings to condos.This April 15, 2021 Wall Street Journal article expands on the subject of housing shortages.As Ted mentioned, Amazon is snapping up regional shopping centers to convert them into industrial distribution centers.Here's an update on bipartisanship regarding infrastructure plans.Read about the effects of a $15 minimum wage.It seems self-service restaurant kiosks are taking over at more and more airports.Mary mentioned lucrative bonuses and incentives for typically low-wage jobs in rural Illinois. Here's an article on the struggle to fill open positions.As Ted mentions, supply and demand determine price and quantity. Read about how the U.S. is experiencing the lowest foreclosure rates in decades.Want to learn more about real estate and other undervalued stocks for 2021.“Are we in a housing bubble?” Mary asked. Ted (and Forbes) say no.Here's more on Mary's Keynesian approach to economics.It was definitely news worthy when the Houston Association of Realtors created the first consumer-facing website.Ted mentions the elimination of 1031 Exchanges affecting real estate investments.Here's are specifics on the Green New Deal.Want to read more about the Australian study on the earth's axis?Read more about the benefits of hydropower, and the environmental impacts of natural gas. Plus, here's an opinion on what it would take to beat the Paris climate targets.Get to know the Manhattan Institute and read its report on the “New Energy Economy.”Here's more information on Albert Betz, the German physicist for whom Betz's law is named. And, here's more on the Shockley-Quiesser limit, also mentioned in this episode.Ted encourages all title professionals to join their state land title association and ALTA.If you'd like to contact the Commitment Matters podcast, email podcasts@ramquest.com. Don't forget to subscribe, rate, and review this podcast on Apple Podcast, Spotify, or wherever you listen to podcasts, or visit RamQuest.com/podcast to download the latest episode. Lastly, we love to see when and how you're listening. Share our posts, or create your own and tag them: #CommitmentMattersPodcast

On this episode of HAR On The Move, we heard a recording of the 2021 Economic Forecast with Dr. Ted. C. Jones, hosted by the HAR Young Professionals Network. Listen now to hear his predictions for the year. See Ted's slides here. See the full list of the Swanepoel Power 200 here. Get Social With HAR! Are you an HAR MLS Platinum Subscriber? Join our Facebook Group! Click to join. Follow us on Facebook, Twitter, Instagram,YouTube and LinkedIn Get Social with the Hosts! Cristina- Twitter and Instagram  David- Twitter

On this episode of HAR On The Move, we welcomed 2021 HAR Chair of the Board, Richard Miranda to discuss his goals and predictions for the Houston real estate market in 2021. Register for the Dr. Ted C. Jones Economic Forecast here. Get Social With HAR! Are you an HAR MLS Platinum Subscriber? Join our Facebook Group! Click to join. Follow us on Facebook, Twitter, Instagram,YouTube and LinkedIn Get Social with the Hosts! Cristina- Twitter and Instagram  David- Twitter  

On this episode of HAR On The Move, we heard the 2020 Economic Forecast from Dr. Ted C. Jones. Listen to hear his expectations for 2020 and beyond.  View and download Ted's presentation here. Get Social With HAR! Are you a Platinum Member? Join our Facebook Group! Click to join. Follow us on Facebook, Twitter, Instagram,YouTube and LinkedIn Get Social with the Hosts! Cristina- Twitter and Instagram  David- Twitter

Successful Living Show Guest: Ted C. Jones

Real Estate Matters "Real Estate Forecast" Guest: Dr. Ted C. Jones Originally Aired 12/21/2019

Real Estate Matters "Real Estate Econominc Update" Guest: Dr. Ted C. Jones

On this episode of HAR On the Move, we spoke with Chief Economist for Stewart Title, Dr. Ted C. Jones, who gave us a market update, current concerns with our economy, his thoughts on Millennials and Gen Z and so much more! Follow Ted on Twitter- @DrTCJ Subscribe to Ted's Blog here. Have a topic idea for the podcast? Let us know! Submit your thoughts and feedback to social@har.com Get Social With HAR! Facebook, Twitter, Instagram,YouTube and LinkedIn Get Social with the Hosts! Cristina- Twitter and Instagram  David- Twitter

Show #42 "Top Real Estate Economist, Dr. Ted C. Jones, Chief Economist, Stewart Title" by Successful Living ShowSee omnystudio.com/listener for privacy information.