Record inflation, trouble on Wall Street, a hemorrhaging bond market … And a wave of corporate layoffs to start off 2023 …
Podcast: Clues In The News – Inflation, Interest Rates, Stocks, Bonds, and Layoffs Read More »
In times of economic uncertainty, assets that are REAL and ESSENTIAL tend to be the most resilient … That’s one of the reasons we love real estate … Everyone needs a place to live …
Podcast: Delicious Profits with International Agriculture Read More »
As the years pass by, equity happens … And oftentimes, lessons are best learned first-hand. So as a real estate investor, time and experience are two very powerful advantages to have on your side.
Podcast: Getting Started Early in Real Estate and Investing Read More »
In the most recent quarter, investor home-buying saw the largest drop since the 2008 financial crisis—30-percent year-over-year, according to Redfin.
Newsfeed: Investor Home-Buying Falls at Record Rate Read More »
Home flippers who pounced on recent drops in home prices now face some major hurdles — and potentially major losses.
Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.
As mortgage rates have risen this year, the buyer demand for homes has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the tenth straight month in October. The decline in builder sentiment reflects what economist Ian Shepherdson describes as “housing … in free fall.
Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue. Read More »
As mentioned in a previous post, when I have looked at previous right to left, and left to right political swings, they seem to happen globally, and they seem to happen roughly at the same time. A global shift left happened in the 1930s, and kept shifting until 1970s, when it began to shift back to the right. We are now well into a shift back to the left, that began in 2016. As also highlighted, modern democracies are filled with checks and balances to slow political shifts, but they still happen.
Newsfeed: Are Rent Controls Coming? Read More »
With homebuilder sentiment collapsing, it should be no surprise that analysts expected housing starts and permits to tumble in October, and they were right with starts dropping 4.2% MoM and permits down 2.4% MoM…
Newsfeed: US Single-Family Housing Permits Plunge To COVID Crisis Lows, Starts Slump Read More »
The US housing affordability crisis continues to worsen as mortgage rates skyrocket to two-decade highs while the cost of an average home is still at bubbly levels. Financing costs are through the roof, and anyone earning less than $100,000 has been priced out of homeownership.