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 I’m Kathy Fettke and this is Real Estate News for Investors.    Now, back to our story about the generational differences among home buyers – You’ve got the Baby Boomers, the Gen X’ers, the Millennials, and Gen Z or the Zoomers. John Burns published this information as a Zoomers to Boomers analysis...   ...That’s 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 don’t 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/

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. You’ll 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 didn’t 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

There’s 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. It’s four times the size of its predecessor and can be used by many industries, including the manufacturing of homes.   This so-called “Factory of the Future” was unveiled on April 23rd at the University’s 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...   ...That’s it for this episode. You’ll 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: “We help people create real wealth which is having the money and the freedom to live life on your own terms.” Check us out at newsforinvestors.com. And if you haven’t 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 week’s two inflation reports. Minneapolis Fed President Neel Kashkari expects a rate cut at some point, but maybe not this year. He wants to see “multiple positive inflation readings suggesting that the disinflation process is on track.”...   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/   ~~~~ JOIN RealWealth® FOR FREE 🏡👇 https://realty.realwealth.com/join-now/ ~~~~ FOLLOW OUR PODCASTS🎤️👇 RealWealth Podcast Show: https://link.chtbl.com/RWS Real Estate News: Real Estate Investing: https://link.chtbl.com/REN ~~~~ READ BOOKS BY RealWealth FOUNDERS📖👇 The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals ~~~~ FREE RealWealth EDUCATION & TOOLS👇 RealWealth market reports: https://realwealth.com/learn/best-places-to-buy-rental-property/ RealWealth webinars: https://realwealth.com/thursday-webinars/ RealWealth videos: https://realwealth.com/category/video/ RealWealth Assessment™: https://realwealth.com/assessment/ ~~~~ MORE INFORMATION RealWealth stories: https://realwealth.com/stories/ Become a RealWealth property team: https://realwealth.com/new-team/ Check out our syndication Grow Developments: https://growdevelopments.com/ ~~~~ FOLLOW US ON INSTAGRAM: Kathy: @kathyfettke or  https://www.instagram.com/kathyfettke/ Rich: @richfettke or  https://www.instagram.com/richfettke/ RealWealth: @realwealth or https://www.instagram.com/realwealth/

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 I’m 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. It’s 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: “The Gap: A Shortage of Affordable Homes.” 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 what’s 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   ~~~~ FOLLOW OUR PODCASTS🎤️👇 RealWealth Podcast Show: https://link.chtbl.com/RWS Real Estate News: Real Estate Investing: https://link.chtbl.com/REN ~~~~ READ BOOKS BY RealWealth FOUNDERS📖👇 The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals ~~~~ FREE RealWealth EDUCATION & TOOLS👇 RealWealth market reports: https://realwealth.com/learn/best-places-to-buy-rental-property/ RealWealth webinars: https://realwealth.com/thursday-webinars/ RealWealth videos: https://realwealth.com/category/video/ RealWealth Assessment™: https://realwealth.com/assessment/ ~~~~ MORE INFORMATION RealWealth stories: https://realwealth.com/stories/ Become a RealWealth property team: https://realwealth.com/new-team/ Check out our syndication Grow Developments: https://growdevelopments.com/ ~~~~ FOLLOW US ON INSTAGRAM: Kathy: @kathyfettke or  https://www.instagram.com/kathyfettke/ Rich: @richfettke or  https://www.instagram.com/richfettke/ RealWealth: @realwealth or https://www.instagram.com/realwealth/

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 there’s a “lack of further progress” 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 Fed’s 2% target before it initiates a rate cut.   During his post-meeting speech, Fed Chief Jerome Powell emphasized that “inflation is still too high” 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 it’s 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

NASA’s 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 moon’s 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 I’m 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/

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 won’t have the desired result and won’t do much for housing affordability.   Hi! I’m 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. You’ll have access to a valuable educational resource and there’s 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 let’s say you’re buying a $500,000 home and you need title insurance. If it costs half-a-percent of the home price, that’s $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 here’s the rub, if there’s no loan, owner’s title insurance only costs about $200, which is what the CFPB is concerned about – 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

In this Real Estate News Brief for the week ending April 27th, 2024… the Fed’s 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 don’t 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 it’ll take a bit longer to get inflation back down to the 2% level. The Federal Reserve’s 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/

In this Real Estate News Brief for the week ending April 20th, 2024... you’ll hear what the Fed Chief said about “higher for longer,” (he didn't say that on 4/20 but that would have been funny!) why Moody’s is offering an upbeat prediction about rate cuts, and how renters feel about homeownership.   We begin with economic news from this past week and more talk about what’s next for interest rates. Fed Chief Jerome Powell spoke out last Tuesday, saying that recent data shows a lack of progress in reducing inflation to the Fed’s 2% goal, and that Fed officials need to have more confidence that that is happening before they cut rates. He said that inflation “declined significantly during the second half of last year” but he added: “The recent data have clearly not given us greater confidence and instead indicate that it’s likely to take longer than expected to achieve that confidence."...   ...If you’d like to learn more about investing in real estate, I encourage you to sign up for a free RealWealth membership and come to our live event in San Francisco on May 4th. We’ll have five property teams giving presentations about their markets and their inventory of for-sale rental homes. We are also hosting a cocktail party in the evening for an opportunity to meet other investors and have some fun! Go to newsforinvestors.com for more information about membership and our live event.   That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening!   Links:   1 - https://www.marketwatch.com/story/feds-powell-says-likely-to-take-longer-to-meet-conditions-to-cut-interest-rates-72c65044?mod=federal-reserve   2 - https://www.cnbc.com/2024/04/19/feds-goolsbee-says-more-sniffing-may-be-needed-before-rate-cuts-.html   3 - https://www.marketwatch.com/story/feds-goolsbee-says-progress-on-inflation-has-stalled-makes-sense-to-wait-on-interest-rates-8f17e77b?mod=search_headline   4 - https://www.globest.com/2024/04/18/moodys-there-will-be-rate-cut-of-up-to-75-bps-this-year/   5 - https://www.marketwatch.com/story/jobless-claims-flat-at-212-000-and-still-no-sign-of-rising-layoffs-226f55bf?mod=economy-politics   6 - https://www.cnbc.com/2024/04/19/something-strange-has-been-happening-with-jobless-claims-numbers-lately.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message   7 - https://www.marketwatch.com/story/home-sales-get-hammered-by-higher-mortgage-rates-but-one-region-is-holding-up-b75ed6d5?mod=economic-report   8 - https://www.marketwatch.com/story/housing-starts-plunge-in-march-amid-housing-shortage-b489170a?mod=economic-report   9 - https://www.marketwatch.com/story/builder-confidence-index-stalls-in-april-as-mortgage-rates-hit-7-buyers-are-back-on-the-fence-waiting-for-interest-rates-to-fall-one-builder-says-de04d6e9?mod=economic-report   10 - https://www.freddiemac.com/pmms   11 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-jump-above-7-percent-setting-new-high-for-2024   12 - https://www.globest.com/2024/04/16/more-renters-give-up-on-home-ownership/

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 “future real estate stability.”   Environmental risk is becoming more important for anyone buying property, whether it’s 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 haven’t 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.   You’ll 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. We’ll have five property teams giving presentations about their markets and available rental properties. We’re 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 haven’t 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/

California property owners, developers and affordable housing advocates are scoring a big win from the US Supreme Court! The high court ruled that local “impact fees” 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 California’s El Dorado County. That’s 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 “impact fee” of $23,420...   ...That’s it for this episode. You’ll find links to our source material in the show notes at newsforinvestors.com. I’d 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. You’ll 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 haven’t 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.

In this Real Estate News Brief for the week ending April 15th, 2024... why the latest inflation reports could postpone the Fed’s 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%. That’s up from 3.2% last month. That is not what the Fed wants to see as it decides to lower the Federal Funds rate...   ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. We are also encouraging all of our listeners to sign up for a free RealWealth membership. As a member, you’ll get updates on what’s 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. We’ll 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

 Florida Realtors are celebrating a new law that makes it easier for property owners to remove squatters. It’s 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 don’t 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 who’s experienced with property rights law.   The Florida anti-squatting law will take effect on July 1st.   That’s it for this episode. We’ve posted links to some of these stories in the show notes if you’d like to read more about it. Just go to newsforinvestors.com.   I’d also like to mention our live event on May 4th in San Francisco for people who’d like to invest in rental properties. We’ll 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 haven’t 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/

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 isn’t 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 hasn’t done much to close the affordable housing gap. Executive director of the Texas Affiliation of Affordable Housing Providers, Roger Arriaga, says: “The demand is excruciatingly big. We haven’t really even dented what the true need is for affordable housing.”...   ...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. There’s more information on that at our website at newsforinvestors.com. That’s it for this episode. And be sure to sign up in advance for the live event on May 4th in San Francisco. We’ll 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 haven’t 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 it’s too soon to say exactly when it may be appropriate to begin the rate cutting process. He spoke at Stanford University saying: “Recent readings on both job gains and inflation have come in higher than expected” and that policymakers believe rate cuts may be possible later this year but they need “greater confidence that inflation is moving sustainably down” toward the central bank’s 2% target...   ...That’s 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. It’s our ReaWealth Investor Summit on Saturday, May 4th in San Francisco. We’ll have several property teams giving presentations on their markets and a cocktail party in the evening. That’s 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/

With the help of artificial intelligence, there's a new wild, wild west on the internet, where scammers are pretty much free to pick your pocket. Security experts are warning people that you can be scammed out of money or even real estate by deepfake audio or video clips. And there aren’t a lot of safeguards in place right now. The technology is evolving more quickly than security experts can design or implement safeguards. As reported by Bigger Pockets, scammers orchestrated a $25 million dollar heist by impersonating the CEO of a multinational company. Hong Kong authorities say the money was transferred by an employee after a video conference call with who he thought was the CEO, but wasn’t... ...AI fraud can certainly turn your world upside down, but using AI in constructive ways could lead to much greater success in whatever you are trying to accomplish. That’s it for this episode You can read more about these stories by following links in the show notes at newsforinvestors.com. While you're there, check our our upcoming Investors Summit Live Event on May 4th. And please remember to subscribe to this podcast, and leave a review!   You can also stay connected with RealWealth by signing up for a free membership. You’ll find hundreds of webinars and articles on our website about single-family rental markets along with referrals to highly recommended professionals who can help you expand your portfolio. That’s at newsforinvestors.com.    Links:   https://www.biggerpockets.com/blog/ai-deepfakes-are-being-used-to-scam-investors-out-of-millions?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%203/31/24

In this Real Estate News Brief for the week ending March 30th, 2024...yet another hot inflation report that we shouldn’t worry about, a turnaround in rent growth, and criticism for the Fed about the impact of high rates.   We begin with economic news from this past week. Another inflation report shows that we still have a few bumps in the road to deal with. The government released a report on the PCE for February which shows a sharp increase in prices. The Personal Consumption Expenditure Index was up .3%. That’s slightly below the .4% that Wall Street economists had predicted. The core rate, without prices for food and fuel, was also up .3%. The monthly increase led to a higher annual rate of inflation from 2.4% to 2.5%. The core rate went down slightly from 2.9% to 2.8%.   The report doesn’t change much about the central bank’s forecast. Fed Chief Jerome Powell said, a day after the PCE was released, that the data was inline with expectations but that officials want to see more evidence that inflation is decreasing before they cut rates...   ...You can read more about these stories by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.com, and check out our live events page. We’re holding a RealWealth Investor Summit on May 4th in San Francisco. Attendees will hear from six of our property teams and a cocktail party that will put you in touch with other investors. That’s at newsforinvestors.com.   Links:   1 - https://www.marketwatch.com/livecoverage/pce-report-march-2024-key-inflation-reading-powell-remarks-awaited/card/inflation-picks-up-in-february-pce-shows-prices-still-need-to-be-tamed--jo7XiPmCFLgu4KMT7xNX   2 - https://apnews.com/article/federal-reserve-powell-inflation-economy-rates-jobs-13b18fbabc63ae2fc396f7e0ab4f2955   3 - https://www.calculatedriskblog.com/2024/03/q4-gdp-growth-revised-up-to-34-annual.html   4 - https://www.marketwatch.com/story/jobless-claims-fall-slightly-to-210-000-and-show-robust-labor-market-56d1fd4c?mod=search_headline   5 - https://www.marketwatch.com/story/home-prices-reach-new-high-in-january-case-shiller-says-c1567963?mod=mw_latestnews   6 - https://www.marketwatch.com/story/pending-home-sales-inch-up-in-february-realtors-are-worried-about-u-s-home-prices-rising-faster-than-incomes-6edf99a6?mod=search_headline   7 - https://www.marketwatch.com/story/sales-of-new-homes-inch-down-in-february-fa2e9cb8?mod=search_headline   8 - https://www.freddiemac.com/pmms   9 - https://www.cnbc.com/2024/03/28/rent-prices-across-the-us-grew-in-march-with-one-exception.html   10 - https://www.reuters.com/markets/us/fed-chair-powell-says-pandemic-has-had-lasting-effects-economy-2024-03-22/

In this Real Estate News Brief for the week ending March 23rd, 2024... why the latest Fed meeting provided some assurance about potential rate cuts in the months ahead, what you would pay for a home if home price growth hadn’t outpaced inflation, and how Airbnb is dealing with the use of monitoring devices like indoor cameras. We begin with economic news from this past week. The Fed held rates steady at the March meeting this last week, and suggested that we’re likely to see “three” quarter-percent rate cuts this year. The current short-term interest rate is between 5.25% and 5.5%. If rates are cut by a total of .75%,  the short-term rate would be reduced to a range of 4.5% to 4.75% by the end of the year...   ...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!   If you’d like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.com.    Thanks for listening! Kathy Fettke   Links:   1 - https://www.cnbc.com/2024/03/20/fed-meeting-march-2024-.html   2 - https://www.marketwatch.com/story/fed-still-on-track-for-june-rate-cut-and-2-other-takeaways-from-powells-press-conference-8dfe3ab3?mod=federal-reserve   3 - https://www.marketwatch.com/story/jobless-claims-dip-to-210-000-layoffs-show-no-sign-of-rising-a3b0d18b?mod=economy-politics   4 - https://www.marketwatch.com/story/home-sales-post-biggest-jump-in-a-year-amid-wave-of-new-listings-04175317?mod=economic-report   5 - https://www.marketwatch.com/story/housing-starts-rebound-in-february-3ecd146b?mod=economic-report   6 - https://www.marketwatch.com/story/builder-confidence-index-reaches-highest-level-since-july-2023-driven-by-low-resale-inventory-77fb9fb5?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://www.cnbc.com/2024/03/19/why-home-prices-have-risen-faster-than-inflation-since-the-1960s.html?__source=realestate%7cnews%7c&par=realestate   9 - https://www.nar.realtor/magazine/real-estate-news/airbnb-tells-hosts-to-ditch-indoor-security-cameras

Regional banks are still under pressure because of their exposure to commercial real estate loans. A new study shows that almost 300 banks are at risk of failure if they don’t get an infusion of cash or merge with another institution. And the risk grows as time drags on with higher short-term interest rates. Consulting firm Klaros Group analyzed about 4,000 banks. It found that 282 or more than 7% of the banks in the study are under stress, and that most of the ones at risk are community banks with less than $10 billion in assets. But it also found that 16 regional banks holding $10 and $100 billion in assets are also at risk... ...You can read more by following links in the show notes below or at newsforinvestors.com.  And please join our network of real estate investors by signing up for a free membership at our website. And please subscribe to this podcast so you won’t miss an episode.    Thanks for listening! Kathy   Links:   https://www.bisnow.com/national/news/capital-markets/study-finds-282-community-and-regional-banks-at-risk-for-collapse-123398   https://www.cnbc.com/2024/03/19/where-cracks-in-the-banking-sector-may-appear-without-more-ma.html   https://www.wsj.com/articles/block-capital-ones-merger-with-discover-elizabeth-warren-1a83a50e  

For the first time in 17 years, Japan is hiking short-term rates from negative to positive. Japan has been battling deflation and economic stagflation since the worldwide economic crisis and was the lone hold-out among several countries experimenting with negative rates. This last week, that experiment ended with a rate hike from negative  .1% to between zero and positive .1%.   The Japanese economy has been suffering through a very long period of stagflation. This has been going on since the late 1990’s but the decision to lower short-term rates happened sometime after the 2007 to 2009 economic crisis with Denmark being the first country to do so. The European Union followed suit in 2014, and then Japan did so in 2016. Sweden and Switzerland were also among the countries dipping into negative territory.   In the US, the Federal Reserve kept rates very close to zero from late 2008 to 2015, and when Covid hit, the rates went back down from March 2020 to March 2022, but we never joined the negative interest rate experiment. For Japan, the short-term rate has remained at the -.1% since it was first implemented in 2016. Oddly enough, both Japan and the US have their sites set on a 2% target, but Japan is trying to boost prices to get there while the US is trying to reduce them...   ...You can read more by following links in the show notes at newsforinvestors.com  And please join our network of real estate investors by signing up for a free membership at out website. And please subscribe to this podcast so you won’t miss an episode.    Thanks for listening! Kathy   Links:   https://www.cnn.com/2024/03/18/business/japan-boj-negative-interest-rate-ended-intl-hnk/index.html#:~:text=As%20part%20of%20the%20decision,stagnation%20since%20the%20late%201990s.   https://www.cnbc.com/2024/03/19/bank-of-japan-boj-march-2024-policy-decision-mpm-meeting.html   https://www.morningstar.com/news/marketwatch/20240319112/negative-interest-rate-era-is-over-was-it-the-dumbest-idea-in-economic-history

In this Real Estate News Brief for the week ending March 16th, 2024... what the latest inflation reports are telling us, why home sellers might be jumping for joy, and where we’ll be seeing the most single-family construction.    We begin with economic news from this past week. Two new inflation reports add to concerns about which way prices are going. The Consumer Price Index and the Producer Price Index both show prices were higher in February with the PPI showing the biggest surprise on the upside. The PPI represents the wholesale cost of goods and services and what we might expect to see bubbling up at the retail level.   For the month of February, the PPI was up .6% which is double what Wall Street economists had predicted. That brought the annual rate of wholesale inflation up from 1% to 1.6%. Higher energy costs can be blamed for most of that gain. They were up 4.4% for the month. Food prices were also 1% higher. When you eliminate food and energy prices for the core rate of inflation, you still get a steep .4% gain and an annual rate of 3.8%...   ...You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. You can also join RealWealth for free to learn more about real estate investing. We focus on single-family homes, but also help members find small multi-families and participate in syndicated development deals. It takes just a minute to sign up at realwealthshow.com. And please subscribe to this podcast on your preferred platform and leave us a review if you love the show.    Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/livecoverage/cpi-report-for-february-dow-futures-inch-higher-ahead-of-key-inflation-data/card/inflation-accelerates-in-february-cpi-shows-RZTJ6W9hTgClRxUcKaa5   2 - https://www.marketwatch.com/story/wholesale-price-increases-add-to-picture-of-persistent-inflation-1fdf2a4c?mod=economic-report   3 - https://www.cnbc.com/2024/03/14/this-week-provided-a-reminder-that-inflation-isnt-going-away-anytime-soon.html   4 - https://www.marketwatch.com/story/jobless-claims-dip-to-209-00-and-still-show-no-sign-of-rising-layoffs-2d94aacc?mod=economy-politics   5 - https://www.freddiemac.com/pmms   6 - https://www.morningstar.com/news/marketwatch/20240315367/no-more-6-home-buyers-and-sellers-will-soon-negotiate-their-own-commissions-with-agents   7 - https://eyeonhousing.org/2024/03/strong-rebound-in-single-family-permits-at-the-start-of-2024/   8 - https://eyeonhousing.org/2024/03/strong-rebound-in-single-family-permits-at-the-start-of-2024/

The latest inflation reports are renewing concerns about whether prices are going up or down. Both the Consumer Price Index and the Producer Price Index were released for the month of February this week. They were both on the hot side but the PPI delivered the big surprise.   The Federal Reserve released the CPI on Tuesday which shows that inflation was up .4% for the month and 3.2% from a year ago. Economists had anticipated an increase but the annual rate was slightly higher than they expected. As for the core rate, which eliminates food and fuel, both were higher than expected by one tenth of a percent. The monthly rate came in at .4% and the annual rate at 3.8%.    It wasn’t an earth-shattering increase. And it isn’t expected to have a significant impact on the Federal Reserve’s decision because central bank officials will be looking for trends and not a short-term bump in the inflation battle. But the PPI was a bit more of a shock on Thursday...   ...You’ll find a link to various articles on these inflation reports in the show notes at newsforinvestors.com. Sign up for a free RealWealth membership while you are there. You’ll have access to our membership portal where you’ll find lots of resources for new and experienced investors. That include our own market data on metros that are attracting RealWealth investors, property teams in those markets, and real estate professionals who can help you - including our own experienced investment counselors.   And please remember to subscribe to this podcast, if you haven’t already.   Links:   1 - https://www.cnbc.com/2024/03/12/cpi-inflation-report-february-2024-.html   2 - https://www.cnbc.com/2024/03/14/producer-price-index-february-2024-wholesale-inflation-rose-0point6percent-in-february.html   3 - https://www.cnbc.com/2024/03/14/heres-when-the-fed-may-start-cutting-rates-investment-strategists-say.html   4 - https://www.cnbc.com/2024/03/07/powell-says-fed-is-not-far-from-the-point-of-cutting-interest-rates.html   5 - https://www.cnbc.com/2024/03/14/heres-when-the-fed-may-start-cutting-rates-investment-strategists-say.html

In this Real Estate News Brief for the week ending March 9th, 2024... why we might see more homes on the market this spring, what builders are planning for this year, and where local stores are experiencing a big comeback.   We begin with economic news from this past week. Federal Reserve Chairman Jerome Powell testified before Congress about the state of the economy and said that it’s “growing at a healthy, sustainable, solid, strong pace.” He also said that policymakers were paying attention to the risks of inflation and that more evidence is needed to reduce the interest rate from its current range of 5.25 to 5.5%. But he also said that he thought that was the peak and that rate cuts were likely at some point this year. He and the other committee members want to “see a little bit more data” showing that inflation is truly coming down before they make a move on rates...   ...That’s it for today. You find links to all these stories in the show notes at newsforinvestors.com. You can also learn more about how to invest in rental real estate by joining RealWealth. It’s free to join and free to access all of our resources.   And please remember to subscribe to this podcast so you won’t miss out on any important real estate news.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/livecoverage/stock-market-today-futures-mixed-ahead-second-day-of-powell-testimony/card/powell-says-u-s-economy-growing-at-a-healthy-sustainable-solid-strong-pace--huEDPE2fGyhaMcbJBqMN   2 - https://www.cnbc.com/2024/03/06/powell-reinforces-position-that-the-fed-is-not-ready-to-start-cutting-interest-rates.html   3 - https://therealdeal.com/national/2024/03/08/fed-chair-jerome-powell-warns-more-bank-failures-tied-to-cre/   4 -  https://www.marketwatch.com/story/jobless-claims-stay-at-217-000-in-early-march-layoffs-still-low-18322101?mod=search_headline   5 - https://www.cnbc.com/2024/03/08/jobs-report-february-2024-us-job-growth-totaled-275000.html   6 - https://www.freddiemac.com/pmms   7 - https://www.fanniemae.com/newsroom/fannie-mae-news/home-selling-sentiment-moves-higher-ahead-spring-homebuying-season   8 - https://www.nar.realtor/magazine/real-estate-news/new-home-construction-is-expected-to-grow-in-2024   9 - https://therealdeal.com/national/phoenix/2024/03/01/retail-vacancy-in-phoenix-hits-40-year-low-of-less-than-5/

Texas multifamily developers may have overshot their goal. They have pumped so much new product into the market, that many have slammed on the brakes for new builds as they finish up current projects.    According to a detailed report in The Real Deal, Texas apartment developers have produced more apartments than almost any other group of US developers over the last three years. In Dallas, they put more than 20,000 apartments on the market last year. That’s about twice the number of new apartments that opened up in New York with a much larger population. In Austin, the story is even more dramatic, with  more than 17,000 new apartments on the market in 2023. Compared to Dallas with 1.3 million people, Austin only has 1 million....   ...You’ll find a link to the full article in the show notes at newsforinvestors.com. If you’d like more information on the single-family rental business, be sure you’ve signed up for a free RealWealth membership. We help new and experienced investors find cash-flowing rental properties in markets with strong job and population growth. You can also connect with our network of real estate professionals and other single-family investors. And please remember to subscribe to this podcast, if you haven’t already.   Thanks for listening! Kathy Fettke   Links:   1 - https://therealdeal.com/magazine/march-2024/texas-multifamily-developers-slam-on-the-brakes/   2 - https://www.multifamilyexecutive.com/design-development/construction/texas-apartment-construction-starts-plunge-across-major-metros_o

In this Real Estate News Brief for the week ending March 2nd, 2024... you’ll hear what the Fed’s favorite inflation gauge is telling us, the challenges facing builders today, and a popular new trend in home design....   We begin with economic news from this past week. The Federal Reserve’s preferred inflation report came out last week showing the biggest increase in four months. The Personal Consumption Expenditure index or PCE was up .3% in January to an annual rate of 2.4%. The “core” rate, which excludes prices for energy and food, was up .4% with an annual rate of 2.8%. The results were not a surprise after similar reports for the Consumer Price Index and the Producer Price Index. But, there are worries that the new reports will convince the Fed to wait longer to cut rates. The Fed has also said it expects a “bumpy” ride back to its 2% target...   ...If you’d like to know more about buying real estate rental properties, please sign up for a free membership at our website. We provide education and networking opportunities for new and experienced real estate investors. You can also check out our companion website, growdevelopments.com, to find out about syndicated investment opportunities. And keep listening to this podcast as a subscriber for all the latest real estate news!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report/card/pce-shows-biggest-rise-in-u-s-inflation-in-four-months-7iq9v0hdKgUenOhzZ4pG   2 - https://www.calculatedriskblog.com/2024/02/pce-measure-of-shelter-slows-to-61-yoy.html   3 - https://www.marketwatch.com/story/home-prices-hit-a-new-all-time-high-in-december-case-shiller-says-e3f10c11?mod=mw_latestnews   4 - https://www.marketwatch.com/story/u-s-economys-growth-in-the-fourth-quarter-downgraded-to-3-2-b56f52d7?mod=home-page   5 - https://www.marketwatch.com/story/u-s-economys-growth-in-the-fourth-quarter-downgraded-to-3-2-b56f52d7?mod=home-page   6 - https://www.marketwatch.com/story/jobless-claims-tick-up-in-latest-week-2a830f76?mod=economic-report   7 - https://www.marketwatch.com/story/new-homes-sales-tick-up-in-january-fa91ae07?mod=aarthi-swaminathan   8 - https://www.marketwatch.com/story/pending-home-sales-post-biggest-drop-in-five-months-as-mortgage-rates-rise-a5078f5b?mod=economic-report   9 - https://www.marketwatch.com/story/construction-spending-falls-for-the-first-time-since-december-2022-07997db4?mod=search_headline   10 - https://www.marketwatch.com/story/home-prices-hit-a-new-all-time-high-in-december-case-shiller-says-e3f10c11?mod=mw_latestnews   11 - https://www.constructiondive.com/news/construction-materials-supply-chain-shortage/708866/   12 - https://eyeonhousing.org/2024/03/seven-percent-of-builders-now-build-barndominiums/   13 - https://www.houseplans.net/news/7-popular-barndominium-plans-of-2023/

The latest report on inflation is showing the biggest increase in four months. It’s the PCE report which is the Fed’s preferred inflation gauge, and one that provides important data for a decision on rate cuts. The results were also in-line with expectations and what the Fed expects to be a bumpy ride back to its 2% target.   PCE stands for the Personal Consumption Expenditure index. The Fed prefers this report over the Consumer Price Index because it more accurately reflects what substitutions consumers are making as prices rise and fall. But the Consumer Price Index or CPI also produces important data for the Fed’s consideration along with the Producer Price Index or PPI for wholesale prices. And those two reports recently surprised us on the upside.   The new PCE report shows similar upside results with a .3% increase in January and an annual rate of 2.4%. The Fed pays the most attention to the “core” rate, which eliminates food and energy. That reading was .4% higher in January with an annual rate of 2.8%. Keep in mind that the Fed wants to see continued progress in lowering inflation to the central bank’s 2% target...   ...Check for links to those stories in the show notes at newsforinvestors.com. Sign up for a free RealWealth membership while you are there for access to our market data. You might also want to check out our recent webinar on real estate lending with Richard Advani. He’ll let you know your best options when it comes to real estate loans, and conserving as much of your own cash as possible. You'll find the webinar under the Learn tab. And please remember to subscribe to this podcast, if you haven’t already.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.cnbc.com/2024/02/29/pce-inflation-january-2023-.html   2 - https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report/card/pce-shows-biggest-rise-in-u-s-inflation-in-four-months-7iq9v0hdKgUenOhzZ4pG?mod=home-page

In this Real Estate News Brief for the week ending February 24th, 2024... the 2023 numbers for all-cash home buyers, where NAR stands on a huge class-action lawsuit, and what’s happening with single-family rent growth.   We begin with economic news from this past week. Minutes from the Federal Reserve’s late January meeting show that Fed officials are more concerned about cutting rates too soon than they are about waiting too long. Released this last week, the minutes show that most committee members were concerned about the risks of going too fast while only a few were concerned about the opposite. Chief U.S. economist for Oxford Economics, Ryan Sweet, told MarketWatch that he’s worried this approach “could turn a soft landing into a bumpier one.” He added: “If the central bank waits for clear signs that the labor market, or the broader economy, is deteriorating, they will be behind the curve.”...   ...You’ll find links to all these stories in the show notes at newsforinvestors.com. You should also check out some of our webinars under the Learn tab if you’d like the latest on my 2024 forecast. Sign up for a free RealWealth membership and you’ll have access to our entire site, including data on individual markets and why investors are choosing them for their portfolios. And don’t forget to subscribe to this podcast, if you haven’t already!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/fed-officials-more-worried-about-cutting-rates-too-fast-than-moving-too-slow-minutes-show-ed35f77c?mod=federal-reserve   2 - https://www.marketwatch.com/story/feds-jefferson-says-he-expects-rate-cuts-later-this-year-e08f7383?mod=federal-reserve   3 - https://www.marketwatch.com/story/jobless-claims-drop-12-000-to-201-000-in-feb-17-week-743ca6c6?mod=economy-politics   4 - https://www.marketwatch.com/story/home-sales-rose-in-january-despite-record-high-prices-as-buyers-seized-on-lower-rates-1802758d   5 - https://www.freddiemac.com/pmms   6 - https://eyeonhousing.org/2024/01/all-cash-share-of-new-home-sales-remains-elevated-in-2023/   7 - https://www.reuters.com/legal/litigation/home-buyers-can-sue-brokerages-over-real-estate-commissions-us-judge-rules-2024-02-21/   8 - https://www.corelogic.com/press-releases/corelogic-us-annual-rent-growth-remains-slow-steady-december/

Apartment landlords are finally seeing positive revenue four years after Covid-related rent  moratoriums, but the eviction saga continues. Landlords are able to replace non-paying tenants by evicting them, but the legal proceedings don't happen overnight.   As you know, Covid triggered eviction moratoriums for tenants who weren’t paying rent. That helped many people who lost jobs, got sick, or had other Covid-related issues. But the protections continued well past the end of the emergency.   Although most of those moratoriums were canceled more than a year ago, some ended just months ago. According to BisNow, landlords are now slowly replacing tenants who don’t pay their rent and are finally seeing revenue from those units. They reported during fourth-quarter earnings calls, that this sliver of revenue is helping multi-family focused REITs get back on their feet.    This comes at an especially good time since many apartment landlords also face issues with higher costs from inflation and loan maturities that need to be refinanced at higher interest rates. As BisNow reports, “REITs eked out razor-thin margins over analysts’ expectations” but it’s enough to keep them afloat...   ...That’s it for this episode. You’ll find a link to the BisNow report in the show notes at newsforinvestors.com. Sign up for a free RealWealth membership if you’d like to continue your real estate education. You’ll also find opportunities for investing by logging into the investor portal. Again, it’s free to be a member and take advantage of our market data. We appreciate you subscribing to this podcast also, if you haven’t already.   Links:   1 - https://www.bisnow.com/national/news/multifamily/multifamily-apartment-reit-2023-q4-earnings-bad-debt-new-supply-122946

In this Real Estate News Brief for the week ending February 17th, 2024... why the latest inflation reports could delay a rate cut, why U.S. homes are growing older overall, and what share of home sales went to investors in the fourth quarter of last year...   ...Investors are working their way through the tough housing market, with some success. Redfin reports that investors accounted for 26% of low-priced home purchases in the fourth quarter. And about two-thirds of those investor transactions were single-family homes.    Looking only at the price points that investors are buying, about 46% were low-priced, 24% were mid-priced, and 28% were high-priced. Redfin agent, Carrie Caruthers, says: “I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by. When they find those properties, they pile in.”   On that note, I’d like to add that you can get help finding those kinds of properties as a RealWealth member. It’s free to join, and free to access our data and our resources. Potential qualified investors can also sign up for a free Q-and-A session with one of our investment counselors. No obligation, just information and support for your own real estate investing journey. Become a member and check out our website at newsforinvestors.com.   And please subscribe to this podcast if you haven’t already! If you have a few minutes, we’d also love a review.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.cnbc.com/2024/02/13/cpi-inflation-january-2024-consumer-prices-rose-0point3percent-in-january-more-than-expected-as-the-annual-rate-moved-to-3point1percent.html   2 - https://www.cnbc.com/2024/02/16/january-wholesale-prices-rise-0point3percent-more-than-expected.html   3 - https://www.marketwatch.com/story/producer-price-index-rises-0-3-in-january-core-ppi-up-0-6-69e79209   4 - https://www.marketwatch.com/story/jobless-claims-decline-by-8-000-to-212-000-in-feb-10-week-e97ed8b9?mod=economic-report   5 - https://www.marketwatch.com/story/housing-starts-fall-sharply-in-january-to-lowest-level-since-august-2023-8a783ee5?mod=mw_latestnews   6 - https://www.marketwatch.com/story/builder-confidence-index-rises-to-five-month-high-on-expectations-that-mortgage-rates-will-drop-in-the-coming-months-c5d6eeac?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://eyeonhousing.org/2024/02/the-age-of-the-u-s-housing-stock/   9 - https://finance.yahoo.com/news/investors-bought-record-26-affordable-004444276.html   10 - https://www.yahoo.com/news/us-cities-best-quality-life-211016529.html

The week began with an inflation report that was anything but pretty. The Consumer Price Index came in hotter than expected for January, upsetting Wall Street and frustrating people who want the Fed to cut rates in the coming months. The report triggered a sharp stock sell-off but stocks have bounced back since then as investors and traders wondered whether they overreacted.   The CPI for January came out on Monday, February 5th with a .3% increase for January. Economists had expected a .2% increase. The annual gain did come down from 3.4% to 3.1%, but economists expected it to dip below 3% to 2.9%, according to CNBC. The report doesn’t show a significant increase in prices, but it does indicate that inflation continues to be sticky...   ...That’s it for this episode. You’ll find links to these stories if you’d like to more details on the CPI report. As for the housing market, you can get my forecast by watching 2024 Housing Markets Predictions webinar that I recorded with economist Rick Sharga. That’s at newsforinvestors.com under the Learn tab. If you’re not yet a RealWealth member, you can also sign up for free, while you are there. And please remember to subscribe to this podcast.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.cnbc.com/2024/02/13/cpi-inflation-january-2024-consumer-prices-rose-0point3percent-in-january-more-than-expected-as-the-annual-rate-moved-to-3point1percent.html   2 - https://www.marketwatch.com/story/feds-goolsbee-says-some-high-monthly-inflation-readings-wont-knock-his-confidence-11486ac9?mod=economy-politics   3 - https://www.mortgagenewsdaily.com/markets/mortgage-rates-02132024 4 - https://www.marketwatch.com/story/inflation-data-jolted-stocks-and-bonds-this-will-decide-what-happens-next-63df42d1?mod=economy-politics

In this Real Estate News Brief for the week ending February 10th, 2024... why a no news report about inflation is actually good news, why some real estate agents say the spring homebuying season starts now, and where you’ll find the best short-term markets for this year. You can find the links to this episode in the show notes at newsforinvestors.com. You’ll also find lots of information about the business of long-term rentals at our website. You can join for free and get access to our investor portal with data on our top markets for single-family rentals. That’s at newsforinvestors.com.   Thank you for listening! And please remember to subscribe to this podcast, and leave a review! - Kathy Fettke   Links:   1 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-inch-higher-ahead-of-cpi-revision/card/cpi-revisions-are-no-big-deal-trajectory-of-inflation-pretty-much-the-same--DNxkuW5QUF3eqATBGwTA?mod=home-page   2 - https://www.marketwatch.com/story/the-first-big-inflation-report-of-2024-is-coming-out-heres-what-the-cpi-is-likely-to-show-7eca5707?mod=economy-politics   3 - https://www.marketwatch.com/story/initial-u-s-jobless-claims-fall-to-218-000-in-feb-3-week-from-227-000-e280a7e8?mod=home-page   4 - https://www.freddiemac.com/pmms   5 - https://www.marketwatch.com/story/mortgage-rates-barely-budge-amid-uncertainty-over-fed-rate-cuts-d036bfb0?mod=economy-politics   6 - https://www.cnn.com/2024/02/11/business/home-buying-selling-season-start/index.html   7 - https://www.businessinsider.com/housing-market-outlook-home-prices-spring-buying-season-mortgage-rates-2024-2   8 - https://www.nar.realtor/magazine/real-estate-news/short-term-rentals-poised-for-post-pandemic-comeback

Two big headlines out of New York this week have one thing in common – rent stabilization laws that are destabilizing the value of multi-families. One of those stories is about the sale of two multi-million dollar properties for less than half of the purchase price. The other story is about New York Community Bank which suffered a downgrade to “junk” because of commercial loan losses, including multi-family properties that are sinking in value. We’ve heard a lot about the impact of high interest rates on loans for unprofitable office buildings. But this story highlights the negative impact of rent stabilization laws. The headline that caught my eye in The Real Deal read: “Another rent-stabilized haircut, this time with shears.” The investment firm Bentall Green Oak unloaded two properties in upper Manhattan for just $31 million. That’s 64% less than the purchase price of $85 million...(more) ...That’s it for this episode. You can read more about this two-headed monster by following links to the articles in the show notes below. I also encourage you to sign up as a RealWealth member at newsforinvestors.com for more information on how to invest wisely in single-family homes outside of the New York area. It’s free to join and can help you see where it makes more sense to be a landlord. Also, please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://therealdeal.com/new-york/2024/02/07/rent-stabilized-nyc-buildings-sell-at-major-discount/   2 - https://www.cnbc.com/2024/02/07/nycb-reignites-banking-industry-commercial-real-estate-fears.html   3 - https://www.mpamag.com/us/specialty/commercial/nycb-raises-capital-for-residential-mortgage-portfolio-amid-market-turmoil/476327

Artificial intelligence is rapidly changing the way that landlords and property managers are handling rental screenings, and it’s making the leasing process better for everyone. But it isn’t just for rentals. Many home buyers are also getting the kind of help they need from what some are calling “robot realtors.”    I thought I’d talk about a few ways that AI is rapidly changing the real estate world. For rentals, an AI assistant can be the one handling all the questions and the scheduling of tours. It’s taking a lot of stress out of the property manager’s job. They typically converse via email, text, or chatbox, but according to Curbed, the communication is so human-like, many people don’t even know it’s an AI assistant. Later, when they inquire about the person they were talking to, they are surprised to find out it....(more)   ...You can read more about “robot realtors” by following links in the show notes below. And more about investing in real estate by signing up for a free membership with real wealth. Just go to newsforinvestors.com. As always, I also encourage you to subscribe to this podcast if you haven’t already. And when you have a moment, leave us a review.   Links:   1 - https://www.globest.com/2024/01/03/ai-powered-leasing-agents-are-improving-the-renter-experience/   2 - https://www.curbed.com/2023/09/artificial-intelligence-leasing-offices-tenants.html   3 - https://www.eliseai.com/ai-business-platform   4 - https://nypost.com/2023/09/29/ai-takes-manhattan-the-robot-realtors-of-nyc-are-here/   5 - https://therealdeal.com/new-york/2023/09/21/the-eklund-gomes-team-launches-ai-assistant/   6 - https://eklundgomes.com/maya

In this Real Estate News Brief for the week ending February 3, 2024... what the Fed Chief is saying about when the rate cuts will begin, what happened to the homeownership rate in Q4, and why Millennials are worried about aging Baby Boomer homes. That’s it for today. If you are working on your investing plan for this year and need a better focus, check out our RealWealth webinar: The Focused Investor: 4 Steps to Success in 2024. You’ll find it at newsforinvestors.com under the Learn tab. Be sure to sign up for a free RealWealth membership while you are there. And please subscribe to this podcast and leave a review when you have a minute.   Thanks for listening! Kathy Fettke   Links:   1 - https://abcnews.go.com/US/wireStory/powell-federal-reserve-track-cut-rates-year-inflation-106939082#:~:text=In%20December%2C%20Fed%20officials%20indicated,likely%20still%20reflected%20policymakers'%20views.   2 - https://www.marketwatch.com/story/jobless-claims-climb-to-nearly-3-month-high-of-224-000-layoffs-creeping-higher-2fcd7bc3?mod=economy-politics   3 - https://www.marketwatch.com/story/home-prices-hit-a-new-high-in-november-case-shiller-says-679244e9?mod=economic-report   4 - https://www.marketwatch.com/story/construction-spending-ticks-up-for-12th-month-in-a-row-in-december-e4601074?mod=economic-report   5 - https://www.freddiemac.com/pmms   6 - https://eyeonhousing.org/2024/01/homeownership-rate-dips-to-65-7-amid-housing-affordability-woes/   7 - https://www.cnbc.com/2024/02/02/half-of-us-renters-are-cost-burdened-harvard-report-finds.html   8 - https://www.nar.realtor/magazine/real-estate-news/younger-buyers-want-baby-boomers-to-update-their-homes

The Federal Reserve is squashing hopes for a rate cut in March. The Federal Open Market Committee met this week and left rates where they are, but the bigger message from policymakers: There are no plans yet to cut rates.   Hi I’m Kathy Fettke and this is the Real Estate News for Investors. Please make sure you are subscribed, and when you have a minute, leave us a review and let us know how we’re doing!   This episode is a quick update on the Fed’s latest policy meeting. The committee issued a statement after the two-day meeting that eliminated wording about their willingness to keep raising rates. Instead, it said that it would now begin policy adjustment considerations. But that doesn’t mean they plan on immediately lowering rates. In fact, it said: “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.”   Fed Chief Jerome Powell also added to that sentiment during a news conference after the meeting. He said that committee members will be waiting to see how the data plays over the next month or months, and said that a March rate cut is unlikely. He added: “I don’t think it’s likely that the committee will reach a level of confidence by the March meeting.”...   ...As for when they’d go down, the Fed never says yes or no so we’ll just have to wait and see what happens at the next meeting.   That’s it for today. If you’d like to listen to my 2024 Housing Market Predictions, you’ll find the webinar at newsforinvestors.com under the Learn tab. Economist Rick Sharga joined me for that webinar so you’ll get a double dose of forecasting and lots of data. That’s at newsforinvestors.com under the Learn tab.   And don’t forget to subscribe to the podcast if you haven’t done so already!   Thanks for joining me here on Real Estate News for Investors.   I’m Kathy Fettke. Thanks for listening.   1 - https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html   2 - https://www.cnbc.com/2024/01/31/fed-chief-jerome-powell-says-a-march-rate-cut-is-not-likely.html   3 - https://www.federalreserve.gov/newsevents/pressreleases/monetary20240131a.htm

If you’ve ever wondered how local regulations might impact your Airbnb rental plans, you might get a few insights from a tourist destination in Southern California. Palm Springs and eight other nearby cities have been an attractive market for Airbnb investors, especially during the pandemic. But the backlash against short-term rentals has led to strict regulations, investor losses and a depressed housing market in many of those high-demand neighborhoods.    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.   Airbnb rentals have become controversial in many U.S. cities as local officials grapple with a housing shortage for residents. But for some investors, curbing short-term rentals in a vacation hot-spot like the Coachella Valley didn’t seem like much of a threat. Until it was...   ...That’s it for this episode. You can read more about this by following a link to the article in the show notes at newsforinvestors.com. I also encourage you to sign up as a RealWealth member for more information on how to wisely invest in real estate. It’s free to join and access all the resources we have online. That include sample properties in more than a dozen U.S. markets and a free session with one of our investment counselors. Also, please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://therealdeal.com/la/2024/01/25/palm-springs-home-market-choked-by-airbnb-rules/   2 - https://www.latimes.com/california/story/2024-01-23/palm-springs-capped-airbnb-rentals-now-some-home-prices-are-in-free-fall#:~:text=Palm%20Springs%2C%20a%20city%20dependent,20%25%20of%20the%20homes%20there.

In this Real Estate News Brief for the week ending January 27th, 2024... you’ll hear the latest good news on inflation, how many tenants are struggling to pay rent, and where you can still find fixer uppers worth fixing... ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there, if you haven’t already. You’ll find the help you need to create your own real estate empire as a RealWealth member. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-wilt-after-record-setting-run-as-pce-data-looms/card/core-pce-inflation-rises-at-slowest-rate-since-spring-2021-OORZcFtQ64lxnor9xLlG   2 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-steady-before-gdp-report-after-again-hitting-record/card/u-s-economy-expands-at-strong-3-3-rate-in-fourth-quarter-gdp-shows-M0qw975OmGYM7uUxqjeP   3 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-steady-before-gdp-report-after-again-hitting-record/card/u-s-initial-jobless-claims-up-25-000-to-214-000-in-latest-week-LFl2ywmQjVtZlkZUkqYv   4 - https://www.marketwatch.com/story/new-homes-sales-surge-8-in-december-6ad57a5a   5 - https://www.marketwatch.com/story/pending-home-sales-post-biggest-jump-since-june-2020-as-mortgage-rates-fall-f087abf8?mod=economic-report   6 - https://www.freddiemac.com/pmms   7 - https://www.axios.com/2024/01/27/rent-unaffordable-housing-market-apartment-prices-cost   8 - https://www.bisnow.com/national/news/multifamily/office-to-apartment-conversion-pipeline-in-major-cities-quadruples-in-4-years-122497   9 - https://www.nar.realtor/magazine/real-estate-news/where-does-it-make-most-sense-to-buy-a-fixer-upper

In this Real Estate News Brief for the week ending January 20th, 2024... what Fed officials are saying about rate cuts, metros with the highest single-family rent growth, and the most searched metro for rental listings... ...If you’re looking a metro that is getting searched the most by potential renters, then Atlanta may be your city. RentCafe says that Atlanta rental listings attracted the most attention from users, and the Georgia capital “the apartment market to watch in 2024.”   It says users saved more listings for Atlanta than any of the 150 metros on the website. Other highly searched metros are Kansas City, Missouri; Cincinnati, Ohio; Arlington, Virginia; and Orlando, Florida.   That’s it for today. You’ll find links to more info about all these stories in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership to learn more about real estate investing, and what you can do to create passive income from real estate.   And please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.investors.com/news/economy/federal-reserve-fed-rate-cut-message-is-starting-to-get-through-to-wall-street/   2 - https://www.cnbc.com/2024/01/21/two-important-events-this-week-could-determine-the-future-of-fed-rate-policy.html   3 - https://www.marketwatch.com/story/jobless-claims-fall-under-200-000-to-lowest-level-in-16-months-7aaf1d60?mod=home-page   4 - https://www.marketwatch.com/story/home-sales-sink-to-a-29-year-low-in-2023-5ab71c37?mod=economic-report   5 - https://www.marketwatch.com/story/u-s-housing-starts-fall-in-december-b263f6d7?mod=economic-report   6 - https://www.marketwatch.com/story/builder-confidence-index-jumps-in-january-as-mortgage-rates-fall-6baae90e?mod=search_headline   7 - https://www.marketwatch.com/story/consumer-sentiment-jumps-to-highest-level-since-july-2021-ae06e071?mod=economy-politics    8 - https://www.freddiemac.com/pmms   9 - https://www.cnbc.com/2024/01/21/mortgage-interest-rates-expected-to-drop-in-2024.html?&qsearchterm=mortgage%20interest%20rates   10 - https://www.corelogic.com/press-releases/us-annual-rent-growth-holds-less-than-3-in-november/   11 - https://www.bisnow.com/atlanta/news/multifamily/potential-renters-projected-to-remain-busy-searching-for-atlanta-apartments-122411

In this Real Estate News Brief for the week ending January 13th, 2024... what the latest two inflation reports are telling us about the months ahead, why the US Supreme Court is debating a California builder’s fee, and how a new apartment surge is impacting investors...   ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. If you’d like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.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/december-cpi-report-s-p-500-futures-near-record-ahead-of-key-inflation-data/card/cpi-posts-biggest-increase-in-three-months-but-little-sign-of-rising-inflation-rOCUDDpBNCcBnF477Yd2   2 - https://eyeonhousing.org/2024/01/housing-costs-persist-in-driving-inflation-higher/   3 - https://www.cnbc.com/2024/01/12/wholesale-prices-unexpectedly-fell-0point1percent-in-december-in-positive-inflation-sign.html   4 - https://www.mortgagenewsdaily.com/markets/mbs-morning-01122024   5 - https://www.marketwatch.com/story/u-s-jobless-claims-inch-drop-to-lowest-level-since-october-68be4cec?mod=economy-politics   6 - https://www.freddiemac.com/pmms   7 - https://www.cnbc.com/2024/01/10/mortgage-demand-jumps-nearly-10percent-to-start-the-year-even-as-interest-rates-tick-up-again.html   8 - https://www.bisnow.com/national/news/office/office-vacancy-across-america-is-at-its-highest-in-four-decades-122324   9 - https://therealdeal.com/la/2024/01/10/supreme-court-hears-question-of-california-impact-fees/   10 - https://www.fastcompany.com/91009879/housing-market-2024-multifamily-housing-supply

Do you have a checklist of essentials for a property you’d like to buy? Or you might be upgrading a home for sale, or renovating a property for future tenants, or making design choices for a development project. Whatever direction you are headed with real estate, it’s a good idea to know what’s trending right now in the real estate market.   The National Association of Realtors just published an interesting list of real estate trends to watch over the next year, and I thought I’d share some of the insights from this article. The NAR article also advised readers that trends can change so make sure that you’re not “just” following trends, but doing something that makes sense for you and/or the future residents – something that will create “joy” is the way the author put it...   ...That’s it for today. You’ll find a link to that article in the show notes at newsforinvestors.com. You’ll also learn more about the ever-changing real estate market by joining RealWealth. It’s free to join and free to explore our website. You’ll find hundreds of webinars, more than a dozen markets that have grabbed the attention of real estate investors, and pages devoted to sample properties and property teams that you can contact. Members with questions can also speak with our investment counselors who will be happy to answer any questions.    If you'd like to learn more about real estate investing, please come to our live event in Pleasant Hill, California this Saturday, January 20th. Visit growdevelopments.com, that's our syndication company, and click on the Events tab.    I also encourage you to subscribe to this podcast if you haven’t already. And when you have a moment, leave us a review. It really helps us!   Thanks for listening! Kathy   Links:   https://www.nar.realtor/magazine/real-estate-news/home-and-design/real-estate-and-design-trends-to-watch-in-2024

In this Real Estate News Brief for the week ending January 6th, 2024... why economists are getting a more hawkish message from the Fed, what Zillow is listing as the hottest housing market in 2024, and the top growth states according to U-Haul.   If you happen to be in the SF Bay area on Jan 20th, I'd love to meet you at our live event. You can get the details at GrowDevelopments.com under the event tab. I'll be giving my 2024 Economic forecast, plus I'll share about our newest syndication - a home development project in Klamath falls, OR, and I'll also be explaining what a syndication is. You can get the details at grow developments.com...   ...If you’d like to learn how to invest in real estate, sign up for a free membership at RealWealth.com. You’ll have access to hundreds of webinars and educational articles along with data on various growth markets, sample properties, property teams, our investment counselors, and a recommended list of real estate professionals.   I also encourage you to subscribe to this podcast if you haven’t done so, and please leave us a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/how-december-fed-minutes-could-shake-up-investors-rate-cut-expectations-7b8a2757?mod=home-page   2 - https://www.marketwatch.com/story/jobless-claims-drop-to-nearly-three-month-low-of-202-000-a58b91ea?mod=economic-report   3 - https://www.marketwatch.com/story/job-openings-slide-to-32-month-low-of-8-8-million-as-u-s-hiring-boom-fades-67de0093?mod=economy-politics   4 - https://www.marketwatch.com/livecoverage/december-jobs-report-s-p-500-futures-point-to-fifth-straight-loss-ahead-of-payrolls-data/card/december-jobs-report-shows-216-000-new-workers-biggest-increase-in-three-months-whqYk8WaJ2Wj3dg7Niym   5 - https://www.marketwatch.com/story/u-s-construction-spending-rises-for-11th-month-in-a-row-in-november-31395b7d?mod=economic-report   6 - https://www.freddiemac.com/pmms   7 - https://www.usatoday.com/story/money/personalfinance/real-estate/2024/01/05/zillow-hottest-housing-markets-2024/72119594007/   8 - https://www.calculatedriskblog.com/2024/01/asking-rents-mostly-unchanged-year-over.html 9 - https://www.uhaul.com/Articles/About/U-Haul-Announces-Top-Growth-States-Of-2023-30660/?fbclid=IwAR3MTpMSSsEg_KbdMu4gDxRYBmsKOH2avD0aXDJHhcGxRTCdZtKw5QXqVfI

In this Real Estate News Brief for the final two weeks of 2023... you’ll hear the results of the last inflation report along with a few predictions for 2024 and some surprising data on the number of investors buying real estate in the Dallas area.   We begin with a report on the Personal Consumption Expenditures index which is the Fed’s favorite inflation gauge. It shows the PCE dipped .1% in November for an annual rate of 2.6%. The core rate went in the opposite direction with a .1% increase for an annual rate of 3.2%. The core rate eliminates prices for food and gas. If you look at the data for “just” the last six months, the core rate was just 1.9% which is below the Fed’s target rate. Economist Andrew Hunter told CNBC: “Adding in the further sharp slowdown in rent inflation still in the pipeline, it’s hard to see any credible reason why the annual inflation rate won’t also return to the 2% target over the coming months.”...   That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. I suggest that you also sign up for a free RealWealth membership to learn more about how to invest in real estate. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.cnbc.com/2023/12/22/pce-inflation-november-2023-.html   2 - https://www.calculatedriskblog.com/2023/12/pce-measure-of-shelter-slows-to-67-yoy.html   3 - https://www.cnbc.com/2023/12/26/sp-case-shiller-october-home-prices-post-biggest-gain-of-2023.html   4 - https://www.marketwatch.com/story/jobless-claims-rise-for-second-straight-week-09add036?mod=search_headline   5 - https://www.marketwatch.com/story/pending-home-sales-flat-in-november-despite-drop-in-mortgage-rates-11e23e17?mod=search_headline   6 - https://www.freddiemac.com/pmms   7 - https://www.mortgagenewsdaily.com/markets/mortgage-rates-12292023   8 - https://www.cnbc.com/2023/12/26/the-us-avoided-a-recession-in-2023-whats-the-outlook-for-2024.html   9 - https://therealdeal.com/texas/dallas/2023/12/29/investors-behind-nearly-a-third-of-dallas-area-home-buys/

Happy New Year! And welcome to the 9th year of Real Estate News for Investors. I'm Kathy Fettke, and I want to take this moment to thank you for being a loyal listener. And a shout out to some of our very kind recent reviews. Thanks Chris W Ball for saying this show  "is the most relevant, factual and considerate real estate information I get all week." and to Johnny Mously who said, "Love the news. The podcast gets to the current points. I admire her unbiased opinions. This show needs to be on autoplay every week." I appreciate that and yes, back when I worked at CNN, Fox and ABC, we were absolutely not allowed to have bias. We were required to present both sides of any story. Those were the days! Anyway, as we head into 2024, I wanted to share some exciting news on new technologies that can help drive your real estate business to greater success. As daunting as learning new technologies may seem to some of us, according to JLL.com, the real estate industry is going through a massive digital transformation, and that accepting the integration of these technologies into our lives and businesses will be fundamental to our success. So with that, let’s take a look at a few highlights of this report...   ...Artificial intelligence and Generative AI are expected to have the biggest impact, although they are the least understood of all the new technologies. So there will be a learning curve!    JLL suggests that you have an adoption strategy that is realistic. That will involve assessing the tech you currently have in place and laying out clear, actionable goals to get all the new tech working for you. If you want to dive into this further, you should check out this report. You’ll find a link in the show notes at newsforinvestors.com.   I also encourage you to sign up as a RealWealth member to learn more about the real estate business. It’s free to join and just takes a few minutes. Also, please remember to subscribe to this podcast, and leave a review!   Thanks for listening! I wish you a very prosperous and tech-enabled new year! Kathy Fettke   1 - https://www.us.jll.com/content/dam/jll-com/documents/pdf/research/global/jll-technology-as-a-value-driver-for-real-estate.pdf

Rental application fraud has always been a problem, but there’s a new trend on social media to share techniques for duping your future landlord. Deceptive tenants are learning from people boasting about their success at scoring luxury apartments with fake documents… and sharing tips on how to create them.  Bisnow published an extensive report on the problem just recently. It’s called “How Renters Are Using TikTok, X to Defraud Landlords at Luxury Apartments.” But it isn’t “just” luxury apartments. It could be an apartment where there’s a lot of competition among tenants, so the less worthy ones give themselves a phony upgrade... ...The NAA says that many of this fraud cases involve professional criminals, but easy-to-follow instructions on social media, the most unassuming rental applicant could suddenly become a fraudster. The NAA published a great article on how landlords can protect themselves. You’ll find a link to that article in the show notes at newsforinvestors.com, along with links to the other articles mentioned in this episode. I encourage you to sign up as a RealWealth member to learn more about the real estate business. You’ll find hundreds of “how to” webinars on buying rental properties and creating a portfolio that will give you passive income. You can also connect with other investors, real estate professionals, and our investment counselors. It’s free to join and just takes a few minutes.    Also, please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.bisnow.com/national/news/multifamily/how-tiktok-instagram-are-fueling-apartment-application-fraud-into-overdrive-121895   2 - https://snappt.com/fraud/?utm_term=snappt&utm_campaign=Brand&utm_source=adwords&utm_medium=ppc&hsa_acc=3404946819&hsa_cam=17124549291&hsa_grp=133583795222&hsa_ad=595908534849&hsa_src=g&hsa_tgt=kwd-438833505077&hsa_kw=snappt&hsa_mt=p&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=Cj0KCQiA7OqrBhD9ARIsAK3UXh09UKkEkoQP1oXoBLsgdH-hnPttAy_4uu8PpLUboTz4comcJv7k8iQaAqGNEALw_wcB   3 - https://www.naahq.org/how-property-managers-can-combat-application-fraud

In this Real Estate News Brief for the week ending December 16th, 2023… why homebuyers are happy about the Fed’s rate hike decision, how inflation is losing its battle against the Fed, and what Redfin says about the 2024 Housing Market.   We begin with economic news from this past week, and a Fed decision that spread some holiday joy among homebuyers. Fed officials held their December meeting and announced that short-term lending rates would remain where they are, between 5.25% and 5.5%. And the forecast for next year is looking even better...   ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to know more about how to buy real estate as an investor, sign up for a free RealWealth membership at newsforinvestors.com. It’ll take just a minute to sign up and will give you access to our entire website. That includes hundreds of webinars, data on different rental markets, a long list of real estate professionals and property teams that can help you, including our own experienced investment counselors.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/powell-surprises-with-a-dovish-turn-economists-debate-how-many-fed-rate-cuts-in-2024-7fe36a65?mod=economy-politics   2 - https://www.marketwatch.com/story/inflation-creeps-higher-cpi-shows-on-higher-rents-and-used-car-prices-dff5b74f?mod=economy-politics   3 - https://www.marketwatch.com/story/wholesale-inflation-flat-in-november-ppi-finds-47a996c2?mod=economy-politics   4 - https://www.marketwatch.com/story/retail-sales-rebound-in-good-start-for-holiday-shopping-season-db8df52e?mod=economic-report   5 - https://www.marketwatch.com/story/jobless-claims-plunge-to-lowest-level-since-mid-october-019acf52?mod=economic-report   6 - https://www.freddiemac.com/pmms   7 - https://www.realtor.com/research/2024-national-housing-forecast/   8 - https://www.bisnow.com/dublin/news/affordable-housing/market-stabilising-but-housebuilding-costs-up-24-since-2020-121985

The Federal Reserve has put a little joy into the hearts of homebuyers this Holiday season. The December FOMC meeting closed with no rate hike, and instead hints of rate cuts next year. That drove the stock market up, with bond yields and mortgage rates coming down... ...And if you want even lower rates, the San Antonio and Jacksonville property teams listed on the Real Wealth website offer investor loans under 5%. Check it out at newsforinvestors.com. And if you want to better understand why home prices went up in 2023 in spite of rates reaching nearly 8%, check out my 2023 Housing in Review webinar under the Learn tab at newsforinvestors.com. You can read more about what the Fed is doing with rates and the impact on the housing market by following links in the show notes at newsforinvestors.com. I also encourage you to sign up for a free membership at RealWealth if you want to know more about how you can invest in real estate. It only takes a few minutes to sign up and will give you access to our housing market data, hundreds of webinars, a long list of recommended real estate professionals including our experienced investment counselors, and other individual investors like yourself!   Also, please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.housingwire.com/articles/what-fed-rate-cuts-in-2024-will-mean-for-homebuyers/#:~:text=Expect%20lower%20mortgage%20rates&text=%E2%80%9CThe%20commentary%20about%20three%20expected,to%20fall%20faster%20throughout%202024.   2 - https://www.housingwire.com/articles/a-sub-7-mortgage-rate-brings-holiday-cheer/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=286605320&_hsenc=p2ANqtz--FZgqJL79wRXEPZnADaFjRLw88Up8yFwiMcYWKDVQ_g2ms9TGufl6nDuARn7ByZAEgJ8NZrziI_p37W0SeGBlKb204eA&utm_content=286605320&utm_source=hs_email   3 - https://www.freddiemac.com/pmms   4 - https://www.marketwatch.com/story/powell-surprises-with-a-dovish-turn-economists-debate-how-many-fed-rate-cuts-in-2024-7fe36a65?mod=economy-politics

There’s a new effort in Congress to keep big landlords from owning single-family homes. Democrats in the Senate and House introduced legislation that would ban hedge funds from owning rental homes and force them to sell off what they have over ten years. But that bill and a second one both appear to target any large real estate investor, not just hedge funds.   The legislation is called the “End of Hedge Fund Control of American Homes Act of 2023.” It was introduced by Senator Jeff Merkley of Oregon and by Representative Adam Smith of Washington. If passed, hedge funds would be unable to purchase any more single-family rentals, and would have to sell at least 10% of what they own per year, to American families. That would create a 10-year phase out of hedge fund ownership after which they’d be completely banned from owning them.   As reported by Fast Company, the legislation doesn’t just refer to hedge funds, but to real estate investment trusts or REITs as well as corporations that own single-family rentals. If that’s the case, then many of the build-to-rent projects would come to a screeching halt because they are often funded by large institutional investors.   And what we need is “more” supply, not less. That’s what will bring prices down, not by banning corporate ownership of rentals which actually accounts for a very small percentage of rental homes...   You’ll find links to the three articles I mentioned in the show notes at newsforinvestors.com. The Real Wealth Show interview with Richard Ross can be found on YouTube and podcast platforms.   ...If you want to build your own individual portfolio of rental homes, please sign up as a Real Wealth member. It’s free to join and will give you access to all our housing market data, hundreds of webinars, and a long list of recommended real estate professionals including our experienced investment counselors.   Also, please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   Real Wealth Show with Richard Ross of Quinn Residences: Click here   1 - https://www.businessinsider.com/housing-market-affordability-investors-hedge-funds-wall-street-democrats-bill-2023-12   2 - https://www.nytimes.com/2023/12/06/realestate/wall-street-housing-market.html   3 - https://www.fastcompany.com/90995833/housing-market-bill-kicking-out-wall-street-investors-affordability