On todays show we turn our eye to what the folks over at realtor.com are expecting in 2016. They have made some pretty specific predictions and also shared who they think will be making up the market and the cities where they will be most interested in.
If they get it right, the data shared today could be a huge help to any buyer, seller, investor or real estate entrepreneur who is looking for the next hot market to invest or to start investing in. We also find some very interesting revelations in this data that will pinpoint areas that will be drawing the largest numbers of buyers!
So don't miss out on all this great info!
For links to the articles used in todays show, make sure to head on over to http://therebelbroker.com and check out the show notes by clicking the "Read More" button on the show you are interested in!
In our roundup of experts reading the tea leaves of 2016, we again consult with Calculated Risk and where they think home prices will go in 2016.
Yesterday, we reviewed their guess for inventory in 2016, so this discussion will mesh very well with yesterdays show.
We are also going to spend some time today talking about employment. However, we will be revisiting a point I was trying to make a long while back regarding the effects of automation on unemployment. Some recent news stories pointed out items that showed that self driving cars and automation continue to be evolving into the next big thing in terms of how jobs get done. Since a huge percentage of the jobs that have been created over the last few years are the kinds that would lend themselves to being done through automation, keeping an eye on the progress of this movement toward more automation is a good idea, after all if you want a healthy real estate market you need healthy employment. As always, we will take all this and try to figure out what it should mean for buyers, sellers investors and real estate entrepreneurs!
For links to the articles mentioned in todays show, please head over to the show notes at http://www.therebelbroker.com.
As we work our way through the last few days of 2015 it just makes good sense to take a look at what the fortune tellers are telling us to expect for 2016.
In todays show, we are going to focus on inventory. We will take a few minutes to explore what inventory did over the last year, then we will see what our latest fortune teller has to say about inventory in 2016. Of course, because it is what we do here, we will then talk about how this might effect buyers, sellers, investors and real estate entrepreneurs.
As a bonus for todays show, we are also going to talk a little bit about a great tool that might just make it easier for you to calculate your closing costs!
Make sure to check out the extended show notes at http://www.therebelbroker.com for links to take you to all the articles and tools mentioned in todays show!
The folks from Peak Prosperity have posted this years articles from David Collum regarding a look back at 2015 and his expectations for 2016. It is a more broad look at the economy and expectations, but worth the read for buyers, sellers, investors and real estate entrepreneurs that want to be informed. The best part is that Prof. Collum has a great way of communicating some pretty dry material in a fun way, so make sure to take a look at the details.
As one of the big players in lending and a government sponsored entity, it is always interesting to hear what Freddie Mac is expecting in 2016. Whether you are a buyer, seller, investor or real estate entrepreneur, it is always good to at least take a listen to what these folks are expecting.
In todays show we will discuss these predictions and see how they jive with what we have been seeing in the market. We will also introduce some interesting data regarding mortgage originations and existing home sales to see if they shed any more light on the issues that Freddie Mac is talking about in their projections.
Of course, MERRY CHRISTMAS EVE!
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COMING SOON. Apparently, the whole "Google Play" and podcasts thing is still getting worked out by the good folks at Google. I just wanted to let all of my listeners know that when it gets going, Real Estate Realities will be on board!
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There are plenty of things that you can do to give your home an edge in a competitive home market. One of those is to make sure that your kitchen is making the best impression possible. In todays show, we will cover some inexpensive ways for sellers, investors and real estate entrepreneurs to give their kitchens a leg up in the appeal department! The goal here is to sell the property for the highest price and for the best possible terms. The best way to do that is to make the right impression when buyers view your property.
All of the tips in todays show are absolutely easy to implement and complete yourself. So take a listen and get started making your property the best one that buyers will find on the market!
The federal reserve just raised rates on Wednesday. Of course, I believed that the Fed would find an excuse to avoid this out of a desire to not rock the boat and protect an election year from any negative effects of the change. It turns out, the need to demonstrate through action that the Fed believes the economy is doing better was stronger.
The good news is that this change should not cause much stress for home buyers. We will discuss why and how buyers, investors and real estate entrepreneurs should take this news.
We will also talk about what the Fed seemed to indicate in terms of future increases and how that might effect our real estate markets.
California is already the land of loony laws, but this one will not only change what you can buy in the state in the future, it will increase prices in general across the entire state. What is amazing is that this example of legislating from the bench has created a law on housing that did not previously exist. It's nuts and it is going to guarantee that houses cost more and that your choice of the housing you want will be limited.
Every buyer, seller, investor and real estate entrepreneur should be aware of this move. If you are in California, get ready for it. If you are not, guard against it in your state!
A credit union has always been on my short list in terms of a source of funds that any buyer, investor or real estate entrepreneur should be looking at when it comes time to get a loan. What are the differences between a conventional bank and a credit union? What makes a credit union attractive as an option? Well sit back and listen in as we explore what makes a credit union unique and why it just might be the best place for you to get your home loan!
The luxury market is now in decline. We are going to check into why and see if there is anything todays buyers, sellers, investors and real estate entrepreneurs can learn from this change in the numbers for the luxury real estate market.
Will these changes in the luxury market have any effect on mainstream real estate? Will it represent an opportunity to those that want to dabble in the high end? Maybe this is a sign of a more general trend that will effect all real estate! Check in with todays show for a chat on what we can learn from this latest information!
Realtor.com came up with a list of the top 10 cities for 2016. We will run down the list and see if any of them tickle your fancy! Plus, we will walk through a few easy steps you can use to get a handle on these local markets to see if there are opportunities that you might just want to take advantage of. I also came across a list of the most trendy cities for millenials and we will see if there is any crossover on our lists.
The best part about these cities is that they offer a wide variety of price points. You don't have to have a ridiculous amount of cash to jump in on some of these! So make sure and tune in and see what community near you might be on this list!
I thought it would be a good to talk about what the majority of economists are saying is going to happen. Janet Yellen and The Federal Reserve is going to raise interest rates in December. If they do, what do those experts believe is going to happen? Of course, all you buyers, sellers, investors and real estate entrepreneurs out there know - if you have been listening to me for a while - that I do not believe that the fed will actually raise interest rates this year.
Since over 90% of the experts disagree with me, I figured talking about their expectations and how it would effect the real estate market would be a good use of our time. After all, knowledge is power, right?