Podcast: Understanding Inflation and What it Means for Real Estate Investors
Inflation is accelerating faster than we’ve seen in decades … People around the world are already feeling its effects in their wallet
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Newsfeed: Millennials bought an abandoned high school for $100,000 and turned it into a 31-unit apartment building—take a look inside
When an abandoned high school in Homestead, Pennsylvania, was listed for sale in 2019, Jesse Wig saw an opportunity.
Newsfeed: Investor Home-Buying Falls at Record Rate
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: ‘Not the time to get greedy’: Home flippers getting burned by the US housing downturn are now slashing prices to cut losses — here are the 2 big reasons why
Home flippers who pounced on recent drops in home prices now face some major hurdles — and potentially major losses.
Newsfeed: Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers
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.
Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue.
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: Are Rent Controls Coming?
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: US Single-Family Housing Permits Plunge To COVID Crisis Lows, Starts Slump
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: Housing Affordability Worsens As Homeownership Out Of Reach For Anyone Making Under $100k
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.
Newsfeed: US Homebuilder Confidence Collapses In October, Future Sales Hope Hits Decade-Lows
It appears delusion and hope can only last so long – even when one’s salary depends on it – as US homebuilder confidence crashed to COVID lockdown lows in November after refusing to see what everyone else was seeing more months…