The top 20 numbers are out for April 2016!
Well, it is that time of the month again and we are going to take a look at the top 20 markets for April 2016! What is great about this list is that it is determined by the areas in which buyers are doing searches. The more searches, the higher that community is in the results! This means that we are getting information direction from buyers on what communities they are looking at the most! Given the tendency of buyers to start their home search online, this means that we can use this data to get the absolute earliest indication of where buyers are likely to be buying more in the coming months! As good buyers, sellers, investors and real estate entrepreneurs, that is the kind of information we need!
So today we will run down the list and cover in more detail what kind of wisdom we can extract from the list and pay particular attention to new communities on the list that might represent the greatest opportunities!
Todays poll question will be, of the new cities that appeared in our top market list today, which sounded the most interesting for investment?
To participate in the poll and see links to the stories discussed today, check out the show notes at http://www.therebelbroker.com
PLUS: The FED Decides Not To Raise Rates
It is time to update the rankings of states with the highest and lowest property taxes. Will New Jersey manage to hold on to the title of the state with the highest property taxes? Maybe, maybe not, but they are still the most moved away from state in the union, so they will always have that!
The Fed decided not to raise rates. Not much of a surprise there. I am betting they won't do it any time this year.
Realtor Magazine has shared 3 trends they expect to see this season. Could they be earth shattering? Revolutionary? Amazingly insightful and though provoking? Probably not, but we will check them out anyway.
There is also a whole lot of rambling about how the fact that we are seeing the highest level of pending sales since May of last year is floating around as a great sign things are awesome. We might just chat about why that is kind of stupid to make a big deal about.
In todays Poll, I want you to let me know if you would like me to do a video show where I demonstrate the software I use to evaluate investment properties. To give your answer and to see links to the articles discussed in todays show, head over to the show notes at http://www.therebelbroker.com
PLUS: Housing solutions that are not solutions
So I am a little frustrated today. I spend quite a bit of time reading up on the "solutions" for the housing problem - from all sides of the political spectrum. What I never hear is anyone identifying what the actual problem is and then suggesting things that will actually solve the problem in an real way. While pundits talk about making it easier to buy, or supplementing renters they completely miss the point that creating more buyers will simply make things worse that that renters can end up paying less by increasing the number of homes on the market.
In todays show, lets talk about some real solutions - from several different political points of view. I have never made it a secret that I believe that government is the problem, not the solution. However, in todays show we will put that aside and discuss even those solutions that would mean more government involvement. After all, when you are trying to solve a problem, why not start with the ideas to start instead of worrying about where they fall politically. I will make it clear what ideas I think would work best, but I will do my best to honestly present some more government centric solutions that nobody is talking about that might just give us the increase in inventory we need to get this market moving in a more healthy direction.
To participate in the poll or get links to the articles discussed in todays show, please visit the show notes at http://www.therebelbroker.com
Buyers are holding back, but should they?
Some interesting surveys have come out that talk about the motivations of aspiring buyers. That's right, folks that want to be buyers but have not gone out to find the perfect home. It turns out, that if the data is to be believed, these wanna be buyers are perhaps holding back for the wrong reason! However, so much of what makes smart business is knowing what your potential customers are most worried about and addressing those worries. So lets take a look at what has these buyers spooked and see if we can figure out ways to make them more comfortable. The best part is that while the markets may be nuts right now and you may not need special tactics to draw in buyers, there are still situations where you want to find more buyers in a hot market because you happen to have a property that is not as sought after as others - like the good old 1 bedroom and 2 bedroom properties out there. Since these types of homes would also fit in perfectly with some of todays aspiring buyers concerns, this could be a great chance for you to tap in to that market and get your more challenged property sold faster than you could have imagined!
For todays survey and a link to the articles discussed, check out the show notes at http://www.therebelbroker.com
The Programs And Policies In Real Estate That Bernie Likes
As each aspiring presidential candidate starts talking about their real estate policies, I try to share them here. In todays show, we will review some of the things that candidate Bernie Sanders has said he will make part of his platform as it relates to issues of interest in real estate. I am not a Bernie fan myself, but the responsible thing to do is consider what all the candidates bring to the table and decide for yourself whether you agree with what they wan to do and how they want to do it. Besides, it would be intellectually dishonest of me to avoid at least talking about he policies of these candidates just because I disagree with them... which I do. A whole lot.
I will also be sharing a link to a great online calculator that you can use to experiment with the effect of paying more on your mortgage per month so that you can buy down the principal and pay off your loan sooner. You may be stunned by how much money you can save in interest payments by putting a relatively small amount extra toward your mortgage each month!
To see todays poll and links to the articles discussed in todays show, check out the show notes at http://www.therebelbroker.com
Why are sales in California slowing?
There has been a slow down in home sales in California. Could this be the beginning of the real estate apocalypse? A realpocalypse. An estataclypse...something like that? Probably not, but at least its interesting! So lets sit down, look at the numbers and see if we can't figure this stuff out!
There is also some interesting info out on how long it will take to save for a home based on recent survey data where millenials were asked how much they think they need to save and how much they are saving. On interesting side effect is that one region has apparently found data to indicate that this process may have revealed the ability to travel back in time! Really. I am totally not joking. Ok, maybe a little.
Home prices have also seen some amazing gains. There is an interesting article that kind of puts this into the perspective of not just growth, but how much equity it has gained for owners. There is a great graphic in this one that can help you see these areas easily, you will want to check it out.
To take part in todays poll or to get access to links to the articles discussed in todays show, check out the show notes at http://www.therebelbroker.com
Same Statistics Generate Opposing Headlines!
One thing that always amazes me is how looking at the exact same studies can result in headlines from different news outlets that are the complete opposite of each other. We have just such a situation today. Of course, the first question to ask when faced with these kinds of contradictions is "Who benefits?". In this case, it would likely come down to sites who have discovered that bad news sells and other sites that have a vested interest in news that makes the real estate industry look like things are just going great!
We will talk about that interesting little fact on todays show and review the data and try to come up with a less biased view of how this info would best be used by buyers, sellers, investors and real estate entrepreneurs.
There is also a great new tool from Google that will make it just that much easier for you to keep on top of your goals - even when you have to move them around your real life.
For todays poll and links to all the articles discussed on todays show, check out the show notes over at http://www.therebelbroker.com
Best cities for Affordability, Inventory, Mortgage availability, Job Growth and Livability
We have got a great list for you today! We will be taking a look at an article from realtor.com where they share what they believe are the top 10 cities for first time home buyers. They blend the benefits of a robust community with good employment and livability with reasonable prices and a good inventory of homes to choose from. So not only could this be a starting point to help you identify your next area to invest in, it could help you decide where you might want to settle down under the best possible conditions. After all, whether you are interesting in investing in real estate or not, finding a community that delivers on all of the items mentioned above is a huge win!
As usual, we will chat about each community and I will give my insights - or those that I have - on some of them.
As always, if you would like to participate in the poll or find links to the articles discussed, please head on over to the show notes at http://www.therebelbroker.com
Is ZeroHedge getting it right or wrong?
The good folks over at zero hedge published an article recently regarding the United States being in a housing crisis. Now I think we can all agree that things are not quite right at the moment with the world of real estate. In some cases, I would even suggest that these problems have risen to a crisis level. However, should we be worried about the increased number of rental homes over the last decade? Does this spell disaster for our market and for landlords? When incomes are hit are we going to see reduced demand for rental homes?
There are several claims made by ZeroHedge and it seemed like a good idea to take a bit more of a critical look at the claims and see if buyers, sellers, investors and real estate entrepreneurs should be worried about the future of their rental properties.
If you would like to participate in todays poll, see links to the articles discussed or review the show notes, head over to http://www.therebelbroker.com
PLUS: Luxury Markets Continue To Get Battered!
A new report has come out that ranks the competitiveness of all the states. It is using 15 different metrics to sort out which states present the greatest level of opportunity to its residents. We will check out the best and the worst on this list to see if we can't find areas of opportunity that will feed the need for aspiring real estate investors, entrepreneurs or just buyers looking for a great state to build a successful career.
We will also take some time to review some new data that shows the decline in the luxury market is just picking up steam.
The latest lumber data is good news and might just point to an increase in new homes in the coming months!
We will also quickly review an article on the best ways to score a deal in real estate. But don't get too excited, these are some pretty weak and/or obvious suggestions - with one exception!
Foreclosures have dropped to their pre-downturn levels!
A little bit more data on consumer confidence will dove tail interestingly with similar information we have covered in previous shows.
Home prices in San Francisco actually dropped!
For links to all the articles covered in todays show and to participate in the poll, please check out the show notes at http://www.therebelbroker.com
Moodys and Money try to look WAY over the horizon!
So the folks over at Moodys and Money Magazine have taken on a tough task. They have crunched the numbers and laid out what they think home prices are going to do in the top 20 metro markets!
So we are going to take some time to look through all the numbers and see what they believe is coming over the horizon for these areas. What is most interesting is less about the specifics. Frankly, predicting things like this out that far is a crap shoot. What is interesting - and I think is more revealing - is the implication of what they think the trend will be. Overall, they see 2017 and 2018 and years of decline in terms of price growth. Most areas show declining positive growth - although some show very little or even show reductions in property values. So the real question ends up leading us to wonder why they see this 2 year slow down/decline. I think the trends are worth remembering and considering the possibility that many more of these areas may did down into negative territory if what we have heard from some economics talking heads are true when it comes to expectations regarding a renewed recession.
If you would like to check out the article yourself, head on over to http://www.therebelbroker.com for links to the stories covered in the show notes.
PLUS: Landlords Beware The Accusation Of Discrimination!
Some interesting research has come out that might just shed some light on the low inventory we have been seeing. At the center of the case being made is that the Gen X folks are not doing what typically happens. Since their natural home progression was interrupted by the downturn, they are not selling their homes to upgrade to bigger homes as past generations have. The idea is kind of interesting and definitely worth taking a closer look at.
The fine folks over at Housing and Urban Development (HUD) have written up a paper in which they assert that landlords would be in violation of the Fair Housing Act in cases where they do not rent to a tenant because of their criminal history. It is exactly the kind of bureaucratic over reach that we should all be aware of by now. The point is to basically attempt to extrapolate any action into something that relates to race or some other protected category which then give the government the right to tell you what you can and cannot do with your property. Oh, and of course you are guilty till proven innocent on this one, so there is that going for you.
We will also take a look at current interest rates - we are seeing them hovering at a 3 year low!
To participate in todays poll or find links for the stories covered in todays show, please check out the show notes at http://www.therebelbroker.com
Great Options For Buyers and Investors!
Lets start off this new week with some new data! This time, it comes from the good folks over at Ten-X. Unlike some other info we have reviewed,these folks have also taken into consideration things like employment, growth and whether or not there is still room to grow. All great things to know whether you are a buyer, seller, investor or real estate entrepreneur! We will cover the top 5 markets and get some info on what makes them to appealing, according to Ten-X. The great news is that this is exactly the information you look for when you are considering not only whether or not to invest in properties - but also when you are simply looking for communities that are likely to be a great destination to find employment and give yourself a higher standard of living than what you might be dealing with now! If you have listened to my show for the last few weeks, you know that there is plenty of bad news that folks are putting out about future expectations. One way to manage those concerns is to relocate to areas where you job is likely more secure. So check out this list and see if any of these places might just be a great location for you to secure your future!
High Prices Alone Don't Placate Sellers
Fannie Mae just released a new report on consumer confidence - and it has some big surprises! In general, confidence is down. This report covers home seller confidence, public confidence in the economy going forward, feelings on household income and other important metrics that will help any buyer, seller, investor or real estate entrepreneur get a better handle on what to expect from those out there in the market place. Sadly, it is a tough one to figure out. As we will discuss, there are some surprising things revealed in this study that we will take some time to analyze and see if we can figure out the concerns that underpin so much of this low confidence.
Don't forget to check out todays show poll in the show notes at http://www.therebelbroker.com. Of course, you will also find links to the articles covered in todays show within the show notes as well.
PLUS: More Automation Stories That Will Effect Employment
Several small stories to cover today. Some interesting news on the automation front regarding trucking - something we have touched on before. However, with recent bills being passed to dramatically increase the minimum wage, we are seeing more automation being brought into jobs with the lowest skill levels. We will talk about some of those and see if we can come to any conclusions on how that will effect the employment landscape moving forward. Remember, the best way to solve real estate is to have strong employment!
We all like to think about new ways to reach our goals, right? Well, here is one that I think will help. If you are shopping for a single family home, make sure to include duplexes that will also satisfy your needs. There are plenty of 3 bed/2.5bath duplexes out there that have the same or smaller units as the second accommodation. So what does this do for you? Well, it likely actually SAVES you money! Despite this kind of setup costing you more, the amount of income you generate from the rental will likely offset your mortgage payment to the point that you are paying less than if you bought a stand alone single family residential home!
We will also take a few minutes to talk about an interesting turn in China where they are suffering from their own version of the subprime lending disaster.
For links to the stories covered in today show, check out the show notes at http://www.therebelbroker.com
A new CoreLogic report lays out plenty of juicy data!
In todays show we are going to explore some hot and fresh data from the good folks over at CoreLogic. We will focus on the areas where properties have seen the greatest appreciation. Then we will look at some other data that reveals what areas are the furthest below their peak. It might be interesting to see where possible crossovers might be to help us hone in on where the best opportunities are hiding. You might be surprised by where these places are!
We are also going to take a quick look at the top 10 urban areas and what CoreLogic has to say about whether they are overvalued, undervalued or Normal!
For links to all the articles discussed in todays show, please check out the show notes at http://www.therebelbroker.com
The closer you look, the creepier it is.
The world is just becoming aware of the #PanamaPapers. It reveals a shadowy world that most people know nothing about. However, it reveals only a very SMALL portion of that world. Of course,whenever you talk about lots of money, real estate usually comes up. This is definitely the case with the Panama Papers. This one is linked to multi million dollar condo properties in Miami. Of course, we discussed the luxury Miami condo market just last week. It is looking pretty clear that the issues that market was facing then are in large part due to the fact that some folks knew that this info was coming out. But what does it all mean for the real estate market going forward? Is it really just focused on Miami or is it potentially a national problem? Are the measures we have talked about on this show before being employed by the government to catch this behavior really going to do any good? We are going to spend some time talking about all that and more and reveal that the real truth is that what is being done now, will in no way stop the folks that want to continue to anonymously purchase real estate in Miami or anywhere else in the United States. What is more interesting is that the way this is being handled makes it look like there is no real intention of stopping these folks in the first place. Check out todays show and see if you agree.
To check out the stories used in todays show, find links in the show notes at http://www.therebelbroker.com
Zillow has a new tool and it claims to be able to help you sell your home faster and for lots more money! It is designed to pinpoint the right month for you to list your home so that it will sell for the highest amount! We will discuss some of the fundamental ideas behind this tool and how much faith you should put in what it is telling you. It is also interesting to hear what some agents are saying about the tool.
As I have always said, data is good! So this can at least be one more piece of data that you can use to make the very best decision possible when it comes to crafting the strategy you are going to use when trying to sell your home.
For links to the articles used, check out the show notes at http://www.therebelbroker.com
Some great data to help you achieve the highest return on investment!
Todays show is worth a pocket full of gold! No matter who or where you are, the information we are covering today is going to point you toward the areas across the country where your money is going to work the hardest for you! Whether you are a buyer, seller, investor or real estate entrepreneur - make sure to check this data before you make any decisions!
Not only will we track the areas that are giving the highest yields to investors - we will also get insights into which areas promise the most profitable future for your investment. Where are the millenials migrating too? Where are the areas where there is still room for growth in rents? All of these questions will be answered and they will help guide you toward making the best decision possible when it comes to investing your money wisely in real estate!
For links to the articles discussed in todays show, please check out the show notes at http://www.therebelbroker.com