Feb 9, 2016
We have had another year where an increasing number of homes have managed to come out from being under water. There are still a few areas that are lagging behind, but a great deal of progress has been made. So what will it mean for the real estate market as more and more owners find that their homes are now worth what they paid for them? Or perhaps are at least worth more than they owe on them? Since so many homeowners have felt locked into homes that would cost them money if they sold it, are they more likely to sell when the value increases? In todays show we will explore the progress being made in terms of homes regaining their value and see if we can't figure out the likely effect this might have on markets over the next year. This is great information that will benefit any buyer, seller, investor or real estate entrepreneur out there!
We are also seeing a record number of citizens renouncing their citizenship. The increase over the past three years has been amazing. Is this a symptom of a policy that generally keeps us from seeing money brought back into the United States?
Framing lumber prices are down. Should we be worried that homebuilders have lost confidence in building? Is there some other way to explain this drop in lumber costs?
Make sure to check out the show notes at http://www.therebelbroker.com for links to all the stories used in todays show.