Afleveringen
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Itâs a breath of fresh air to see that the number of homes for sale is heading back âupâ toward normal. Weâve heard for so long about a tight inventory thatâs making homes more expensive and harder to find. But a new Realtor.com report is showing a sharp rise in for sale listings that some real estate experts are calling an âincredible trend.â Hi Iâm Kathy Fettke and this is Real Estate News for Investors. If youâre new to real estate or looking for ways to expand your experience, sign up for a free RealWealth membership at newsforinvestors.com, and check for upcoming webinars. Weâve got one scheduled for June 13th on âInsider Secrets for Investing with Your Retirement Funds.â You can see the full calendar once you sign into our portal as a member. And subscribe to the podcast while you've got a minute and leave us a review! Now back to Realtor.comâs Monthly Housing Market Trends Report for the month of May. The report shows the total number of active listings as more than 35% higher than a year ago in May. Thatâs after seven months of growth that includes a 6.2% bump for the month of May and, before that, a 12.2% bump for the month of April. Other data from the report shows that the median price of a home has remained stable with just .3% of growth for the year and a median price of $442,500. But there has been a 3.8% increase in the price per square foot. That points to a larger number of smaller, more affordable homes that are being listed with a higher price per square foot... Links: 1 - https://www.realtor.com/research/may-2024-data/ 2 - https://www.realtor.com/news/trends/housing-inventory-returning-to-normal-may-2024-economists-say/
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In this Real Estate News Brief for the week ending June 1st, 2024... we take a look at how the latest inflation report might influence the Fedâs rate-cutting decision, the return of the zero-down mortgage, and two new rent growth reports for single-family homes and apartments. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I encourage you to sign up for a free membership at RealWealth. We will help you understand the real estate market, and how you can make wise investment choices. One way to jumpstart your education is to go on a property tour. Thereâs one coming up for San Antonio next week so please join us! Getting back to economist news from this past week. The latest inflation report reignited hope for a rate cut this year. The Fedâs preferred Personal Consumption Expenditure index for April shows the overall inflation rate up .3%, which economists had forecast. But the core rate, which strips out prices for food and gas, was a surprise, at an increase of .2%. Thatâs the smallest monthly increase for the core rate this year. The annual overall rate is now 2.7% and the core rate, 2.8%. Both are inching closer to the 2% level that the Fed is targeting... ...Thatâs it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/april-pce-report-key-inflation-data-may-show-slowest-core-growth-of-the-year/card/april-pce-shows-smallest-increase-in-core-inflation-this-year-5D5wVFUrJSssAziesr4g 2 - https://www.marketwatch.com/story/feds-williams-expects-inflation-to-cool-in-the-second-half-of-the-year-ad9987f0?mod=inflation 3 - https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html 4 - https://www.theguardian.com/business/article/2024/jun/03/european-and-canadian-central-banks-expected-to-cut-interest-rates-this-week 5 - https://www.marketwatch.com/story/jobless-claims-rise-slightly-to-219-000-in-latest-week-35cf88d5?mod=economic-report 6 - https://www.marketwatch.com/story/home-prices-reach-new-high-in-march-case-shiller-says-fueled-by-scarcity-eedff4b5?mod=aarthi-swaminathan 7 - https://www.marketwatch.com/story/pending-home-sales-plunge-as-home-buyers-steer-clear-of-7-mortgage-rates-abcbe9ae?mod=economic-report 8 - https://www.freddiemac.com/pmms 9 - https://www.cnn.com/2024/05/30/business/zero-down-mortgages-making-a-comeback/index.html 10 - https://www.corelogic.com/press-releases/corelogic-com-press-releases-attached-rental-prices-drop-first-time-14-years/ 11 - https://www.globest.com/2024/05/28/apartment-rents-post-national-monthly-growth-of-over-1-in-may/ 12 - https://www.redfin.com/news/renters-staying-put-longer/
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Zijn er afleveringen die ontbreken?
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Investor purchases of single-family homes increased last month. According to a new Redfin report shows investors captured more of the single-family market in the first quarter than they did a year earlier. And it was the first time for this kind of activity since mid-2022. Iâm Kathy Fettke and this is Real Estate News for Investors. If youâd like to increase your share of the real estate market, join me on our upcoming real estate tour on June 8th in San Antonio. We'll have a meet and greet the night before somewhere very cool and then tour properties, including brand new duplexes and quads that come with a 4.25% interest rate. Yes you heard me right. RealWealth has negotiated a deal with the builder to buy down rates, so check it out at newsforinvestors.com. Youâll find our upcoming webinars and property tours under the âConnectâ tab. And you won't be alone. As the Redfin report shows, investors are scooping up as many residential properties as they can. Redfin says that investors bought about 44,000 homes in the first quarter or 18.7% of all the homes purchased in the US. Thatâs up from 17.9% the year before, and represents a .5% increase. The numbers represent all homes including single-family homes, townhomes, condos and multifamilies, but Redfin says the surge was mostly driven by investors buying single-family homes. Redfin says that single-family homes accounted for 69.9% of all the residential properties bought by investors. The analysis included a look at 39 of the largest US metros by both large and small investors... ...Youâll find a link to the Redfin report in the show notes at newsforinvestors.com. Donât forget to subscribe to the podcast! Thanks for joining me for Real Estate News for Investors. Kathy Links: 1 - https://www.businesswire.com/news/home/20240515822104/en/Redfin-Reports-Investor-Home-Purchases-Rise-for-the-First-Time-in-Nearly-Two-Years 2 - https://www.redfin.com/news/investor-home-purchases-q1-2024/
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In this Real Estate News Brief for the week ending May 25th, 2024... what the Fed meeting minutes are telling us about inflation, how much single-family homes are shrinking, and which cities are attracting millennials. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we get started, I want to invite you to join me in San Antonio for our property tour on June 8. We will be meeting with a builder there who has brand new duplexes and 4plexes for sale, and is willing to buy down the interest rate for our Real Wealth investors. You can get the details at newsforinvestors.com, just sign up for a free membership and click on the Connect tab for info on our tours. See you there! Now let's begin with economic news from this past week. Minutes from the Federal Reserveâs last monetary policy meeting show that officials are becoming more concerned about a lack of progress on inflation. Members of the Federal Open Market Committee noted that inflation has come down a lot over the past year but is currently stalled. Several expressed a willingness to raise rates further if necessary, although some Fed officials, including Fed Chief Jerome Powell, have said publicly that they donât think their next move will be a rate hike. Short-term rates have been in a range of 5.25% to 5.5% since July of last year... ...Thatâs it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2024/05/22/fed-minutes-may-2024-.html 2 - https://apnews.com/article/federal-reserve-rates-inflation-prices-loans-economy-64f3d844d7bef34e6c184be7e242b29f ââ3 - https://www.cnbc.com/2024/05/22/fed-officials-seem-to-have-no-idea-about-inflation-strategist-says-.html 4 - https://www.marketwatch.com/story/jobless-claims-fall-again-to-215-000-strong-labor-market-fuels-u-s-economy-0b866f13?mod=search_headline 5 - https://www.marketwatch.com/story/new-home-sales-dip-as-builders-feel-the-toll-of-higher-mortgage-rates-caf7f9f5?mod=mw_latestnews 6 - https://www.marketwatch.com/story/housing-supply-hits-highest-level-since-october-2021-but-home-sales-dip-a5fb0a81?mod=mw_latestnews 7 - https://www.freddiemac.com/pmms 8 - https://eyeonhousing.org/2024/05/new-single-family-home-size-decline-continues/ 9 - https://www.bisnow.com/dallas-ft-worth/news/industrial/google-to-open-1m-sf-distribution-center-north-of-fort-worth-124343 10 - https://finance.yahoo.com/news/5-cities-becoming-popular-millennials-184648436.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAI_Cm2MsSRUD17lSNhW1SE6dmtDy882DSNC4V8y9sCfZIJzm3gBlfCiZ62ExlnllnHZDIkYzIfjFns47s-9llclGmcNpb9wkAPAJpwcF0mmC4DPQo9Wg8OsOLAdHW9jaF8yucA1DLiko_moOkuxT4FxqoZhj-GBllMlT9FDm7_i5
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When it comes to home buying priorities, a lot depends on the age of the buyer. An analysis by the New Home Trends Institute shared data about the four generations that are currently buying or planning on buying homes and how much they differ from each other. Hi Iâm Kathy Fettke and this is Real Estate News for Investors. Now, back to our story about the generational differences among home buyers â Youâve got the Baby Boomers, the Gen Xâers, the Millennials, and Gen Z or the Zoomers. John Burns published this information as a Zoomers to Boomers analysis... ...Thatâs it for this episode. You can immerse yourself in all the latest data on rental markets and investing strategies as a RealWealth member. Sign up for free at newsforinvestors.com. Thanks for listening! And donât forget to hit the podcast subscribe button! Kathy Links: 1 - https://jbrec.com/insights/from-boomers-to-gen-z-housing-priorities-by-generation/?utm_campaign=BMI&utm_medium=email&_hsenc=p2ANqtz-_hhUV-sdHm4MX64-JN2P1EZD6B1B9J4cGVHTQhL03OPzbvzU0elwMHhWwWi4Tufl2ejzZMJklYAkfRXahqRKALSv4Krk_lsxH7ehv5b1yVdUDJiI4&_hsmi=307417939&utm_content=307417939&utm_source=hs_email 2 - https://www.marketwatch.com/story/8-in-10-baby-boomer-renters-would-rather-rent-than-buy-a-house-heres-why-9a382420 3 - https://www.housingwire.com/articles/more-baby-boomers-are-becoming-renters/
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In this Real Estate News Brief for the week ending May 18th, 2024... what the latest two inflation reports are telling us, how several Fed officials are responding to those reports, and which cities are the best for short-term rentals.
Before we begin, we'd like to let you know that you can become a member of RealWeath for free! Just head over to newsforinvestors.com. Youâll have access to a free education on real estate investing and the opportunity to build financial security through real estate. And while you're there, be sure to look under the Connect tab for our property tours. We have one coming up for San Antonio on June 7th and 8th and give property tours in the North Dallas area every month.
Now we begin with economic news from this past week that gave us a pair of mixed inflation reports. The Producer Price Index for April shows an unexpected .5% jump in wholesale prices while the Consumer Price Index shows a better-than-expected .3% increase in consumer prices. The April results bring the annual PPI up to 2.2%, and lower the annual CPI to 3.4%. The results for the core rate were similar with the PPI increasing slightly and the CPI decreasing slightly. Although the first report triggered another wave of concern about where inflation is headed, the second report helped settle a few nerves. And they didnât do much to ruffle the feathers of Fed Chief Jerome Powell. He spoke after the PPI was released, and said that inflation has remained higher than expected but that he still expects it to move down... ...Please subscribe to this podcast and thanks for listening! Kathy Links: 1 - https://www.marketwatch.com/story/powell-says-he-expects-inflation-to-move-down-but-isnt-completely-confident-in-this-forecast-6ae0d320?mod=search_headline 2 - https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html 3 - https://www.marketwatch.com/story/wholesale-inflation-surges-again-ppi-shows-inflation-still-sticky-55cbb168?mod=mw_latestnews 4 - https://www.marketwatch.com/livecoverage/april-cpi-inflation-report-forecast-to-show-another-hefty-advance/card/consumer-prices-rise-again-in-april-but-inflation-rate-slows-SAZWlU4VvdwWRUNm9FIG 5 - https://www.fxstreet.com/news/fed-policymakers-comments-awaited-after-april-inflation-data-202405161019 6 - https://www.marketwatch.com/story/jobless-claims-subside-from-8-month-high-and-signal-layoffs-are-still-low-6c713465?mod=economy-politics 7 - https://www.marketwatch.com/story/housing-starts-rebound-in-april-as-u-s-continues-to-grapple-with-inventory-shortage-e32feb3c?mod=search_headline 8 - https://eyeonhousing.org/2024/05/higher-interest-rates-keep-single-family-housing-starts-flat-in-april/ 9 - https://eyeonhousing.org/2024/05/year-over-year-gains-for-single-family-built-for-rent-starts/ 10 - https://www.freddiemac.com/pmms 11 - https://listwithclever.com/research/best-short-term-rental-markets/#best -
Thereâs big news from the University of Maine about the future of fast, cost effective, eco-friendly home construction. The University just announced a new 3D printer that beats the 2019 Guinness World Record for the largest polymer 3D printer. Itâs four times the size of its predecessor and can be used by many industries, including the manufacturing of homes. This so-called âFactory of the Futureâ was unveiled on April 23rd at the Universityâs Advanced Structures & Composites Center in Maine. The Center is an initiative called Green Energy and Materials or GEM, for short. Within that scope is a commitment to innovative research that contributes to a greener, more sustainable world while boosting economic growth in the state of Maine and beyond. Among those who attended the unveiling were representatives from the US Department of Defense, US Department of Energy, the Maine State Housing Authority and other industry partners and stakeholders. The project was made possible with the help of Senator Susan Collins of Maine who helped secure more than $93 million for this initiative and other defense projects at this location... ...Thatâs it for this episode. Youâll find links to the articles I mentioned in the show notes at newsforinvestors.com. While you are there, take a minute and sign up for a free RealWealth membership. At RealWealth: âWe help people create real wealth which is having the money and the freedom to live life on your own terms.â Check us out at newsforinvestors.com. And if you havenât subscribed to our podcast yet, please do! Links: 1 - https://umaine.edu/news/blog/2024/04/23/umaines-new-3d-printer-smashes-former-guinness-world-record-to-advance-the-next-generation-of-advanced-manufacturing/
2 - https://www.fastcompany.com/91117013/this-gigantic-3d-printer-could-reinvent-manufacturing -
In this Real Estate News Brief for the week ending May 11th, 2024... what Fed officials are now saying about rate cuts in 2024, how much income you need to buy a home, and the kinds of compromises buyers are willing to make for a more affordable home. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you have the money but not the time to invest in real estate, join RealWealth. We can help bridge the gap for busy professionals! And please remember to subscribe to this podcast, and leave a review! We begin with a few economic stories from this past week and a focus on this weekâs two inflation reports. Minneapolis Fed President Neel Kashkari expects a rate cut at some point, but maybe not this year. He wants to see âmultiple positive inflation readings suggesting that the disinflation process is on track.â... Links: 1 - https://www.foxbusiness.com/economy/federal-reserve-president-says-rate-cuts-may-not-come-2024 2 - https://www.marketwatch.com/story/fed-still-trying-to-assess-if-recent-hot-inflation-readings-mean-economy-is-overheating-goolsbee-says-1e9716d9?mod=mw_rss_topstories 3 - https://www.cnbc.com/2024/05/13/inflation-outlook-rises-fueled-by-expected-increases-for-housing-costs-new-york-fed-survey-shows.html 4 - https://www.cnbc.com/2024/05/10/consumer-sentiment-tumbles-as-inflation-fears-surge-closely-watched-survey-shows.html 5 - https://www.cnbc.com/2024/05/10/consumer-sentiment-tumbles-as-inflation-fears-surge-closely-watched-survey-shows.html 6 - https://www.marketwatch.com/story/jobless-claims-climb-sharply-to-highest-level-in-nine-months-5e799341?mod=mw_latestnews 7 - https://www.freddiemac.com/pmms 8 - https://www.globest.com/2024/05/06/national-median-income-needed-to-buy-a-home-jumps-again/ 10 - https://eyeonhousing.org/2024/05/top-compromises-buyers-will-make-to-reach-homeownership/
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The affordable housing gap is growing with a huge 7.2 million rental homes needed to meet demand. A new report on the supply of affordable homes in the US shows that no state has enough supply to meet the needs of low-income renters. Hi Iâm Kathy Fettke and this is Real Estate News for Investors. Find out more about how you can provide affordable single-family rental homes as a RealWealth member. Itâs free to join and to learn how to invest wisely. Go to newsforinvestors.com. And please remember to subscribe to this podcast! This new study is called: âThe Gap: A Shortage of Affordable Homes.â The National Low Income Housing Coalition conducts this study every year to determine the extent of this unmet demand. The 7.2 million figure refers to a shortage of homes for extremely low-income families or whatâs referred to as ELI renter households. These families have incomes which are at or below the poverty level or are earning just 30% of the median income in their areas... Links: 1 - https://www.housingfinance.com/news/u-s-has-gap-of-over-7-2-million-affordable-and-available-rental-homes_o
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In this Real Estate News Brief for the week ending May 4th, 2024⊠why the Fed is holding firm on interest rates, what economists are saying about consumer spending, and why a NY landlord may be forced to live in one of his poorly maintained buildings. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you want more helpful information about real estate, the housing market, and rental property investment, please sign up for a free RealWealth membership at newsforinvestors.com. And please remember to subscribe to this podcast! We begin with economic news from this past week. The big headline came from the Federal Reserve. Members of the Federal Open Market Committee decided to keep short-term rates right where they are, saying thereâs a âlack of further progressâ on inflation. The federal funds rate has been within a range of 5.25 and 5.50% since July of 2023. There had been hope for a rate cut this spring but inflation has been inching higher instead of lower since the beginning of the year. The Fed wants to see a more sustainable decline toward the Fedâs 2% target before it initiates a rate cut. During his post-meeting speech, Fed Chief Jerome Powell emphasized that âinflation is still too highâ and that the data has not given the central bank confidence that inflation is moving sustainably toward the target rate. But he did offer some assurance that itâs unlikely that the Fed would be hiking rates at the next meeting. That triggered a lot of joy on Wall Street and a big stock rally. The Dow was up as much as 500 points at one point... Links: 1 - https://www.cnbc.com/2024/05/01/fed-rate-decision-may-2024-.html 2 - https://www.cnbc.com/2024/05/01/fed-meeting-today-live-updates-on-may-fed-rate-decision.html 3 - https://www.marketwatch.com/story/feds-bowman-says-shes-still-willing-to-raise-rates-10c39c38?mod=mw_rss_topstories 4 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-208-000-layoffs-still-extremely-low-7020b3f1?mod=economic-report 5 - https://www.marketwatch.com/story/home-prices-hit-new-all-time-high-case-shiller-says-in-the-face-of-economic-uncertainty-98aa35cc?mod=economic-report 6 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-e0f15c88?mod=economic-report 7 - https://www.freddiemac.com/pmms 8 - https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html 9 - https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html 10 - https://www.bisnow.com/new-york/news/multifamily/new-yorks-worst-landlord-indicted-on-80-counts-124094
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NASAâs chief is worried about the possibility of a lunar land grab by China. China announced the launch of a test flight just this past week with plans to put boots on the moonâs surface in the near future. One big concern is that China is not part of an international lunar cooperation agreement, and may try to lay claim to an area believed to have water. Hi Iâm Kathy Fettke and this is the Real Estate News for Investors. Before we get started, I want to let you know we released a handful of new tickets for this weekends live event near San Francisco. I'll be giving my housing forecast for 2024 -2025 and we'll also have 5 property teams from some of the fastest growing markets in the country, including Dallas, Jacksonville Fl, Cincinnati, and San Antonio. They will give an update on their markets and present available rental properties that cash flow with property management in place. Some of the lenders are offering rates under 5% so come check it out. Again that's May 4th near the San Francisco Airport. Go to newsforinvestors.com under the Connect tab and Live Events. And if you haven't yet subscribed to our podcast, click here to subscribe on your favorite platform. Now back to our story⊠China just announced the launch of an unmanned test mission to the dark side of the moon. The spacecraft will be guided by a satellite because that side of the moon permanently faces away from earth. The lander will collect rocks and soil and, with the help of a satellite, will depart from the moon for a return trip to earth... Links: 1 - https://qz.com/nasa-bill-nelson-china-moon-landing-change-artemis-1851441860 2 - https://www.japantimes.co.jp/news/2024/04/29/asia-pacific/china-mission-moon-hidden-side/
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A federal agency is suggesting that lenders foot the bill for title insurance instead of home buyers. The Consumer Financial Protection Bureau says that home buyers are paying way too much for something that protects lenders. But skeptics are pushing back, saying if lenders are forced to pay, a change in the rules wonât have the desired result and wonât do much for housing affordability. Hi! Iâm Kathy Fettke and this is the Real Estate News for Investors. Before we continue, please take a moment to sign up for a free RealWealth membership. Youâll have access to a valuable educational resource and thereâs no cost or obligation to join. You can sign up at newsforinvestors.com. And if you haven't yet, subscribe to this podcast on your favorite platform so you won't miss an episode. Now, back to our story about title insurance, which is required by lenders to verify ownership and whether there are any liens on the property. It typically costs about $2,000 for a median-priced home. But according to Rocket Mortgage, it can vary from state to state and can range from half-a-percent to 1%. So letâs say youâre buying a $500,000 home and you need title insurance. If it costs half-a-percent of the home price, thatâs $2,500, and at 1%, $5,000. As reported by The Real Deal, buyers often overlook the cost of title insurance so it comes as a surprise. And hereâs the rub, if thereâs no loan, ownerâs title insurance only costs about $200, which is what the CFPB is concerned about â that homebuyers are being overcharged for title insurance... Links: 1 - https://therealdeal.com/national/2024/04/19/consumer-bureau-pushes-for-title-insurance-reform/ 2 - https://www.nationalmortgagenews.com/news/what-happens-if-the-cfpb-makes-lenders-pay-title-insurance
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In this Real Estate News Brief for the week ending April 27th, 2024⊠the Fedâs preferred inflation report casts another shadow over a near-term rate cut, housing takes a bigger bite out of the GDP, and the court ruling that could prevent a controversial but popular law that allows single-family lot splitting in California. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you want to know more about investing in rental properties, we are holding a live event on May 4th near the San Francisco airport. You can find out more about the event at newsforinvestors.com. And donât forget to click the subscribe button for this podcast! Now back to our News Brief⊠We begin with economic news from this past week. The all-important PCE inflation report came out and confirmed once again that itâll take a bit longer to get inflation back down to the 2% level. The Federal Reserveâs preferred Personal Consumption Expenditure index shows a .3% increase in prices last month which increases the yearly rate of inflation from 2.5% to 2.7%. The core rate which excludes prices for energy and food was also up .3% with a yearly rate that was unchanged at 2.8%. The report makes it more likely that the Fed will not be cutting interest rates in the near future... Links: 1 - https://www.marketwatch.com/livecoverage/march-pce-report-hot-inflation-reading-forecasted-after-gdp-data/card/prices-rises-sharply-again-pce-shows-and-signals-progress-on-slowing-inflation-stalls-ybnTskvnrmraHcqNYnbW?mod=home-page 2 - https://www.marketwatch.com/story/sales-of-new-homes-rebounded-in-march-26f52aec?mod=economic-report 3 - https://www.marketwatch.com/story/pending-home-sales-see-unexpected-jump-in-march-despite-rising-mortgage-rates-cb4eaecc?mod=mw_latestnews 4 - https://www.freddiemac.com/pmms 5 - https://www.mortgagenewsdaily.com/markets/mortgage-rates-04252024 6 - https://eyeonhousing.org/2024/04/housing-share-of-gdp-surpasses-16-for-first-time-since-2022/ 7 - https://therealdeal.com/la/2024/04/25/la-court-nixes-california-sb9-allowing-home-lot-splits/
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In this Real Estate News Brief for the week ending April 20th, 2024... youâll hear what the Fed Chief said about âhigher for longer,â (he didn't say that on 4/20 but that would have been funny!) why Moodyâs is offering an upbeat prediction about rate cuts, and how renters feel about homeownership. We begin with economic news from this past week and more talk about whatâs next for interest rates. Fed Chief Jerome Powell spoke out last Tuesday, saying that recent data shows a lack of progress in reducing inflation to the Fedâs 2% goal, and that Fed officials need to have more confidence that that is happening before they cut rates. He said that inflation âdeclined significantly during the second half of last yearâ but he added: âThe recent data have clearly not given us greater confidence and instead indicate that itâs likely to take longer than expected to achieve that confidence."... ...If youâd like to learn more about investing in real estate, I encourage you to sign up for a free RealWealth membership and come to our live event in San Francisco on May 4th. Weâll have five property teams giving presentations about their markets and their inventory of for-sale rental homes. We are also hosting a cocktail party in the evening for an opportunity to meet other investors and have some fun! Go to newsforinvestors.com for more information about membership and our live event. Thatâs it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Links: 1 - https://www.marketwatch.com/story/feds-powell-says-likely-to-take-longer-to-meet-conditions-to-cut-interest-rates-72c65044?mod=federal-reserve 2 - https://www.cnbc.com/2024/04/19/feds-goolsbee-says-more-sniffing-may-be-needed-before-rate-cuts-.html 3 - https://www.marketwatch.com/story/feds-goolsbee-says-progress-on-inflation-has-stalled-makes-sense-to-wait-on-interest-rates-8f17e77b?mod=search_headline 4 - https://www.globest.com/2024/04/18/moodys-there-will-be-rate-cut-of-up-to-75-bps-this-year/ 5 - https://www.marketwatch.com/story/jobless-claims-flat-at-212-000-and-still-no-sign-of-rising-layoffs-226f55bf?mod=economy-politics 6 - https://www.cnbc.com/2024/04/19/something-strange-has-been-happening-with-jobless-claims-numbers-lately.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message 7 - https://www.marketwatch.com/story/home-sales-get-hammered-by-higher-mortgage-rates-but-one-region-is-holding-up-b75ed6d5?mod=economic-report 8 - https://www.marketwatch.com/story/housing-starts-plunge-in-march-amid-housing-shortage-b489170a?mod=economic-report 9 - https://www.marketwatch.com/story/builder-confidence-index-stalls-in-april-as-mortgage-rates-hit-7-buyers-are-back-on-the-fence-waiting-for-interest-rates-to-fall-one-builder-says-de04d6e9?mod=economic-report 10 - https://www.freddiemac.com/pmms 11 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-jump-above-7-percent-setting-new-high-for-2024 12 - https://www.globest.com/2024/04/16/more-renters-give-up-on-home-ownership/
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Earth Day is here again, as a reminder to celebrate this beautiful planet we live on. For real estate investors, It's also a reminder to check on our own properties and do whatever we can to make them more resilient to natural disasters. Climate resiliency is what CoreLogic says is the key to âfuture real estate stability.â Environmental risk is becoming more important for anyone buying property, whether itâs due to potential flooding, wildfires, hurricanes or even sea level changes. Although climate-related natural disasters pose a financial threat to every industry, they pose a huge threat to the real estate industry which also accounts for a substantial portion of our US economy... ...If you havenât done it already, let Earth Day be an inspiration to do the research you need to make your properties more resilient to climate-related events. It may also help guide you as to where you want to invest and how to fortify your portfolio against the risks, not just for you but for future generations. Youâll find links to the CoreLogic articles in the show notes at newsforinvestors.com. You can also find out more about smart real estate investing as a RealWealth member and by attending our live event in San Francisco on May 4th. Weâll have five property teams giving presentations about their markets and available rental properties. Weâre also hosting a Cocktail Party in the evening so you can meet fellow investors and find out what they are doing. You can get information on the live event and a free RealWealth membership at newsforinvestors.com. And please remember to subscribe to this podcast if you havenât already! Thanks for listening! And Happy Earth Day! Kathy Links: 1 - https://www.corelogic.com/intelligence/earth-day-climate-change-takes-center-stage-in-the-property-market-conversation/ 2 - https://www.corelogic.com/intelligence/extreme-heat-property-risk-is-the-next-significant-business-hurdle/ 3 - https://www.corelogic.com/press-releases/corelogic-previews-the-evolving-severe-convective-storm-risk-landscape-in-new-report/
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California property owners, developers and affordable housing advocates are scoring a big win from the US Supreme Court! The high court ruled that local âimpact feesâ imposed on newly constructed homes can be challenged in court. This is a significant win for property rights because these fees can add a substantial amount of money onto the price of a home. The case began with a lawsuit by George Sheetz in Californiaâs El Dorado County. Thatâs in the foothills heading toward Lake Tahoe. Sheetz is a 72-year-old retiree who applied for a permit in 2016 to build an 18-hundred square foot manufactured home on a small lot that is zoned for residential use. The county then imposed a traffic mitigation fee or âimpact feeâ of $23,420... ...Thatâs it for this episode. Youâll find links to our source material in the show notes at newsforinvestors.com. Iâd also like to invite you to attend our live RealWealth event in San Francisco on May 4th. We will be showcasing six property teams who provide rental properties in markets with strong job and population growth and are more affordable for investors. We will also be hosting a cocktail party in the evening so you can meet fellow investors and members of the RealWealth team. Youâll find information on tickets at newsforinvestors.com under the Connect tab and then Live Events. And please remember to become a member of RealWealth and subscribe to this podcast if you havenât already! Thanks for listening! Kathy Links: 1 - https://therealdeal.com/la/2024/04/15/supreme-court-builders-can-challenge-california-impact-fees-2/ 2 - https://www.nahb.org/blog/2024/04/sheetz-ruling-supreme-court-impact-fees 3 - https://www.car.org/aboutus/mediacenter/newsreleases/2024-News-Releases/4qtr2023hai#:~:text=Fifteen%20percent%20of%20California%20households,percent%20in%20fourth%2Dquarter%202022.
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In this Real Estate News Brief for the week ending April 15th, 2024... why the latest inflation reports could postpone the Fedâs rate-cutting plan, how inflation continues to impact construction costs, and why homeowners are getting sticker shock from property tax bills. We begin with economic news from this past week that was dominated by two of the latest inflation reports. The Consumer Price Index or CPI came out on Wednesday and the Producer Price Index or PPI came out on Thursday. Unfortunately for everyone wanting a great inflation report, the March CPI was hotter than expected. It rose .4% in March for an annual rate of 3.5%. Thatâs up from 3.2% last month. That is not what the Fed wants to see as it decides to lower the Federal Funds rate... ...Thatâs it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. We are also encouraging all of our listeners to sign up for a free RealWealth membership. As a member, youâll get updates on whatâs new for the housing market and for real estate investors. Our big focus right now is a live event on Saturday May 4th in San Francisco. Weâll have six property teams giving presentations on their markets and the kind of rental properties available. We are also hosting a cocktail party in the evening to give people an opportunity to share their real estate investing stories and get to know one another. You can find out more about that at newsforinvestors.com. Just click on Connect and then Live Events. Subscribe to the podcast here. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/cpi-report-for-march-dow-futures-steady-ahead-of-key-inflation-data/card/inflation-rises-sharply-again-in-march-cpi-shows-and-may-raise-doubts-about-fed-rate-cut-Foz2wKLnfXjobHHolAdz 2 - https://www.cnbc.com/2013/02/20/producer-price-index-cnbc-explains.html 3 - https://www.cnbc.com/2024/04/10/hot-inflation-data-pushes-markets-rate-cut-expectations-to-september.html 4 - https://www.cnbc.com/2024/04/05/fed-governor-bowman-says-additional-rate-hike-could-be-needed-if-inflation-stays-high.html 5 - https://www.constructiondive.com/news/producer-price-construction-input-march/712981/ 6 - https://www.marketwatch.com/story/fed-officials-back-cautious-approach-to-further-shrinking-of-its-balance-sheet-minutes-show-4fed157d?mod=federal-reserve 7 - https://www.marketwatch.com/story/jobless-claims-retreat-again-to-211-000-in-another-sign-of-labor-market-strength-ac68c1cc?mod=economic-report 8 - https://www.freddiemac.com/pmms 9 - https://www.forbes.com/advisor/taxes/property-taxes-surge/ 10 - https://www.cnbc.com/2024/04/09/why-new-build-homes-can-lead-to-a-property-tax-surprise.html
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Florida Realtors are celebrating a new law that makes it easier for property owners to remove squatters. Itâs become a crisis situation across the nation when squatters take control of a property and claim they are the victims. Florida has changed that, but property owners also need to protect themselves from the illegal occupation of their rightful homes... ...You should also know your rights and the rights of squatters (if they have any) for the area where your property is located. If squatters donât leave when you ask them, you may have to file an eviction notice and take them to court. And make sure you have a lawyer whoâs experienced with property rights law. The Florida anti-squatting law will take effect on July 1st. Thatâs it for this episode. Weâve posted links to some of these stories in the show notes if youâd like to read more about it. Just go to newsforinvestors.com. Iâd also like to mention our live event on May 4th in San Francisco for people whoâd like to invest in rental properties. Weâll have a total of six property teams giving presentations including two from Florida where the new anti-squatting law will help protect our properties! There will also be a cocktail party after the main event so you can get to know your fellow investors and members of our RealWealth team. Get more details and sign up at newsforinvestors.com under the Connect tab and then Live Events. And please remember to subscribe to this podcast if you havenât already! Links: 1 - https://www.floridarealtors.org/news-media/news-articles/2024/03/desantis-signs-bill-targeting-home-squatters 2 - https://www.wptv.com/news/state/florida-gov-ron-desantis-signs-law-squashing-squatters-rights 3 - https://nypost.com/2024/03/21/us-news/tiktokker-tells-illegal-immigrants-how-to-invade-american-homes/ 4 - https://www.yahoo.com/lifestyle/range-rover-driving-squatter-took-171643513.html 5 - https://www.msn.com/en-us/money/realestate/20-u-s-states-where-squatters-are-able-to-legally-claim-your-property/ss-BB1kvKva#image=22 6 - https://www.gobankingrates.com/investing/real-estate/how-to-protect-your-real-estate-from-squatter-crisis/
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Demand for housing in and around Dallas, Texas continues to soar. While investors have been pouring millions of dollars into creating more affordable housing, the metro is attracting so many people that tens of thousands of homes are still needed. Supply isnât expected to catch up to demand any time soon. An article in Bisnow says that investors have put a record amount of money into the area, but it hasnât done much to close the affordable housing gap. Executive director of the Texas Affiliation of Affordable Housing Providers, Roger Arriaga, says: âThe demand is excruciatingly big. We havenât really even dented what the true need is for affordable housing.â... ...This is why we started a North Dallas Rental Fund, which is now closed to new investment, but is still in the process of buying and renovating properties. The plan is to lease the updated homes to tech professionals who are moving to the area. My fund partner is also a property manager and helps individuals build their own rental portfolio. You can find out more about that by signing up for a free RealWealth membership at newsforinvestors.com. You can also learn about the Dallas market by attending our live event on Saturday, May 4th, in San Francisco. Thereâs more information on that at our website at newsforinvestors.com.
Thatâs it for this episode. And be sure to sign up in advance for the live event on May 4th in San Francisco. Weâll have a total of six property teams giving presentations, plus a cocktail party afterward. Just go to newsforinvestors.com, click on Connect and then Live Events. And please remember to subscribe to this podcast if you havenât already! Thanks for listening! Kathy Links: 1 - https://www.bisnow.com/dallas-ft-worth/news/affordable-housing/behind-the-eight-ball-record-levels-of-investment-have-barely-dented-the-need-for-affordable-housing-in-dallas-123668 2 - https://www.nar.realtor/newsroom/in-the-news/austin-dallas-fort-worth-seen-as-nations-top-two-home-markets-in-2024-houston-no-6-the-dallas -
In this Real Estate News Brief for the week ending April 6th, 2024... more prognostications on when the central bank may cut rates, which major cities are attracting the most home buyers, and why artificial intelligence could have a negative impact on commercial real estate. We begin with economic news from this past week. Fed Chief Jerome Powell expressed caution about when we might see the first interest rate cut. While many economists have been predicting three rate cuts this year with the first happening in June, Powell said itâs too soon to say exactly when it may be appropriate to begin the rate cutting process. He spoke at Stanford University saying: âRecent readings on both job gains and inflation have come in higher than expectedâ and that policymakers believe rate cuts may be possible later this year but they need âgreater confidence that inflation is moving sustainably downâ toward the central bankâs 2% target... ...Thatâs it for today. To keep up with the latest in real estate, the economy, and rental market investing, sign up for a free membership at RealWealth.com. Check out the live events calendar for information on our upcoming event this May. Itâs our ReaWealth Investor Summit on Saturday, May 4th in San Francisco. Weâll have several property teams giving presentations on their markets and a cocktail party in the evening. Thatâs at newsforinvestors.com. Just go to the Connect tab and click on Live Events. I also remind everyone to please subscribe to our podcast and leave a review, we really appreciate it! Thank you for joining me! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/feds-powell-too-soon-to-say-if-recent-higher-than-expected-inflation-is-just-a-bump-887bd346?mod=search_headline 2 - https://www.reuters.com/markets/rates-bonds/feds-powell-repeats-there-is-time-deliberate-over-rate-cuts-2024-04-03/ 3 - https://www.investopedia.com/when-will-the-federal-reserve-start-cutting-interest-rates-8624420 4 - https://www.marketwatch.com/story/jobless-claims-climb-to-nine-week-high-of-221-000-but-theres-little-sign-of-worsening-labor-market-fb365f0a?mod=economy-politics 5 - https://www.marketwatch.com/story/job-openings-stay-at-8-8-million-labor-market-still-plenty-robust-addb1604?mod=home-page 6 - https://www.marketwatch.com/story/eye-popping-march-jobs-report-shows-labor-market-and-u-s-economy-are-still-going-strong-c076e60f?mod=economy-politics 7 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-ad1f19b5?mod=economic-report 8 - https://www.freddiemac.com/pmms 9 - https://www.globest.com/2024/04/03/five-markets-desired-by-homebuyers/ 10 - https://www.globest.com/2024/04/05/millennials-now-largest-homebuying-contingent/ 11 - https://www.globest.com/2024/04/05/generative-ai-could-undercut-labor-income-affecting-the-entire-economy/
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