Real Estate News: Real Estate Investing Podcast

In this Real Estate News Brief for the week ending March 23rd, 2024... why the latest Fed meeting provided some assurance about potential rate cuts in the months ahead, what you would pay for a home if home price growth hadn't outpaced inflation, and how Airbnb is dealing with the use of monitoring devices like indoor cameras. We begin with economic news from this past week. The Fed held rates steady at the March meeting this last week, and suggested that we're likely to see "three" quarter-percent rate cuts this year. The current short-term interest rate is between 5.25% and 5.5%. If rates are cut by a total of .75%, the short-term rate would be reduced to a range of 4.5% to 4.75% by the end of the year... ...You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! If you'd like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.com. Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2024/03/20/fed-meeting-march-2024-.html 2 - https://www.marketwatch.com/story/fed-still-on-track-for-june-rate-cut-and-2-other-takeaways-from-powells-press-conference-8dfe3ab3?mod=federal-reserve 3 - https://www.marketwatch.com/story/jobless-claims-dip-to-210-000-layoffs-show-no-sign-of-rising-a3b0d18b?mod=economy-politics 4 - https://www.marketwatch.com/story/home-sales-post-biggest-jump-in-a-year-amid-wave-of-new-listings-04175317?mod=economic-report 5 - https://www.marketwatch.com/story/housing-starts-rebound-in-february-3ecd146b?mod=economic-report 6 - https://www.marketwatch.com/story/builder-confidence-index-reaches-highest-level-since-july-2023-driven-by-low-resale-inventory-77fb9fb5?mod=economic-report 7 - https://www.freddiemac.com/pmms 8 - https://www.cnbc.com/2024/03/19/why-home-prices-have-risen-faster-than-inflation-since-the-1960s.html?__source=realestate%7cnews%7c&par=realestate 9 - https://www.nar.realtor/magazine/real-estate-news/airbnb-tells-hosts-to-ditch-indoor-security-cameras

Regional banks are still under pressure because of their exposure to commercial real estate loans. A new study shows that almost 300 banks are at risk of failure if they don't get an infusion of cash or merge with another institution. And the risk grows as time drags on with higher short-term interest rates. Consulting firm Klaros Group analyzed about 4,000 banks. It found that 282 or more than 7% of the banks in the study are under stress, and that most of the ones at risk are community banks with less than $10 billion in assets. But it also found that 16 regional banks holding $10 and $100 billion in assets are also at risk... ...You can read more by following links in the show notes below or at newsforinvestors.com. And please join our network of real estate investors by signing up for a free membership at our website. And please subscribe to this podcast so you won't miss an episode. Thanks for listening! Kathy Links: https://www.bisnow.com/national/news/capital-markets/study-finds-282-community-and-regional-banks-at-risk-for-collapse-123398 https://www.cnbc.com/2024/03/19/where-cracks-in-the-banking-sector-may-appear-without-more-ma.html https://www.wsj.com/articles/block-capital-ones-merger-with-discover-elizabeth-warren-1a83a50e

For the first time in 17 years, Japan is hiking short-term rates from negative to positive. Japan has been battling deflation and economic stagflation since the worldwide economic crisis and was the lone hold-out among several countries experimenting with negative rates. This last week, that experiment ended with a rate hike from negative .1% to between zero and positive .1%. The Japanese economy has been suffering through a very long period of stagflation. This has been going on since the late 1990's but the decision to lower short-term rates happened sometime after the 2007 to 2009 economic crisis with Denmark being the first country to do so. The European Union followed suit in 2014, and then Japan did so in 2016. Sweden and Switzerland were also among the countries dipping into negative territory. In the US, the Federal Reserve kept rates very close to zero from late 2008 to 2015, and when Covid hit, the rates went back down from March 2020 to March 2022, but we never joined the negative interest rate experiment. For Japan, the short-term rate has remained at the -.1% since it was first implemented in 2016. Oddly enough, both Japan and the US have their sites set on a 2% target, but Japan is trying to boost prices to get there while the US is trying to reduce them... ...You can read more by following links in the show notes at newsforinvestors.com And please join our network of real estate investors by signing up for a free membership at out website. And please subscribe to this podcast so you won't miss an episode. Thanks for listening! Kathy Links: https://www.cnn.com/2024/03/18/business/japan-boj-negative-interest-rate-ended-intl-hnk/index.html#:~:text=As%20part%20of%20the%20decision,stagnation%20since%20the%20late%201990s. https://www.cnbc.com/2024/03/19/bank-of-japan-boj-march-2024-policy-decision-mpm-meeting.html https://www.morningstar.com/news/marketwatch/20240319112/negative-interest-rate-era-is-over-was-it-the-dumbest-idea-in-economic-history

In this Real Estate News Brief for the week ending March 16th, 2024... what the latest inflation reports are telling us, why home sellers might be jumping for joy, and where we'll be seeing the most single-family construction. We begin with economic news from this past week. Two new inflation reports add to concerns about which way prices are going. The Consumer Price Index and the Producer Price Index both show prices were higher in February with the PPI showing the biggest surprise on the upside. The PPI represents the wholesale cost of goods and services and what we might expect to see bubbling up at the retail level. For the month of February, the PPI was up .6% which is double what Wall Street economists had predicted. That brought the annual rate of wholesale inflation up from 1% to 1.6%. Higher energy costs can be blamed for most of that gain. They were up 4.4% for the month. Food prices were also 1% higher. When you eliminate food and energy prices for the core rate of inflation, you still get a steep .4% gain and an annual rate of 3.8%... ...You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. You can also join RealWealth for free to learn more about real estate investing. We focus on single-family homes, but also help members find small multi-families and participate in syndicated development deals. It takes just a minute to sign up at realwealthshow.com. And please subscribe to this podcast on your preferred platform and leave us a review if you love the show. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/cpi-report-for-february-dow-futures-inch-higher-ahead-of-key-inflation-data/card/inflation-accelerates-in-february-cpi-shows-RZTJ6W9hTgClRxUcKaa5 2 - https://www.marketwatch.com/story/wholesale-price-increases-add-to-picture-of-persistent-inflation-1fdf2a4c?mod=economic-report 3 - https://www.cnbc.com/2024/03/14/this-week-provided-a-reminder-that-inflation-isnt-going-away-anytime-soon.html 4 - https://www.marketwatch.com/story/jobless-claims-dip-to-209-00-and-still-show-no-sign-of-rising-layoffs-2d94aacc?mod=economy-politics 5 - https://www.freddiemac.com/pmms 6 - https://www.morningstar.com/news/marketwatch/20240315367/no-more-6-home-buyers-and-sellers-will-soon-negotiate-their-own-commissions-with-agents 7 - https://eyeonhousing.org/2024/03/strong-rebound-in-single-family-permits-at-the-start-of-2024/ 8 - https://eyeonhousing.org/2024/03/strong-rebound-in-single-family-permits-at-the-start-of-2024/

The latest inflation reports are renewing concerns about whether prices are going up or down. Both the Consumer Price Index and the Producer Price Index were released for the month of February this week. They were both on the hot side but the PPI delivered the big surprise. The Federal Reserve released the CPI on Tuesday which shows that inflation was up .4% for the month and 3.2% from a year ago. Economists had anticipated an increase but the annual rate was slightly higher than they expected. As for the core rate, which eliminates food and fuel, both were higher than expected by one tenth of a percent. The monthly rate came in at .4% and the annual rate at 3.8%. It wasn't an earth-shattering increase. And it isn't expected to have a significant impact on the Federal Reserve's decision because central bank officials will be looking for trends and not a short-term bump in the inflation battle. But the PPI was a bit more of a shock on Thursday... ...You'll find a link to various articles on these inflation reports in the show notes at newsforinvestors.com. Sign up for a free RealWealth membership while you are there. You'll have access to our membership portal where you'll find lots of resources for new and experienced investors. That include our own market data on metros that are attracting RealWealth investors, property teams in those markets, and real estate professionals who can help you - including our own experienced investment counselors. And please remember to subscribe to this podcast, if you haven't already. Links: 1 - https://www.cnbc.com/2024/03/12/cpi-inflation-report-february-2024-.html 2 - https://www.cnbc.com/2024/03/14/producer-price-index-february-2024-wholesale-inflation-rose-0point6percent-in-february.html 3 - https://www.cnbc.com/2024/03/14/heres-when-the-fed-may-start-cutting-rates-investment-strategists-say.html 4 - https://www.cnbc.com/2024/03/07/powell-says-fed-is-not-far-from-the-point-of-cutting-interest-rates.html 5 - https://www.cnbc.com/2024/03/14/heres-when-the-fed-may-start-cutting-rates-investment-strategists-say.html

In this Real Estate News Brief for the week ending March 9th, 2024... why we might see more homes on the market this spring, what builders are planning for this year, and where local stores are experiencing a big comeback. We begin with economic news from this past week. Federal Reserve Chairman Jerome Powell testified before Congress about the state of the economy and said that it's "growing at a healthy, sustainable, solid, strong pace." He also said that policymakers were paying attention to the risks of inflation and that more evidence is needed to reduce the interest rate from its current range of 5.25 to 5.5%. But he also said that he thought that was the peak and that rate cuts were likely at some point this year. He and the other committee members want to "see a little bit more data" showing that inflation is truly coming down before they make a move on rates... ...That's it for today. You find links to all these stories in the show notes at newsforinvestors.com. You can also learn more about how to invest in rental real estate by joining RealWealth. It's free to join and free to access all of our resources. And please remember to subscribe to this podcast so you won't miss out on any important real estate news. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/stock-market-today-futures-mixed-ahead-second-day-of-powell-testimony/card/powell-says-u-s-economy-growing-at-a-healthy-sustainable-solid-strong-pace--huEDPE2fGyhaMcbJBqMN 2 - https://www.cnbc.com/2024/03/06/powell-reinforces-position-that-the-fed-is-not-ready-to-start-cutting-interest-rates.html 3 - https://therealdeal.com/national/2024/03/08/fed-chair-jerome-powell-warns-more-bank-failures-tied-to-cre/ 4 - https://www.marketwatch.com/story/jobless-claims-stay-at-217-000-in-early-march-layoffs-still-low-18322101?mod=search_headline 5 - https://www.cnbc.com/2024/03/08/jobs-report-february-2024-us-job-growth-totaled-275000.html 6 - https://www.freddiemac.com/pmms 7 - https://www.fanniemae.com/newsroom/fannie-mae-news/home-selling-sentiment-moves-higher-ahead-spring-homebuying-season 8 - https://www.nar.realtor/magazine/real-estate-news/new-home-construction-is-expected-to-grow-in-2024 9 - https://therealdeal.com/national/phoenix/2024/03/01/retail-vacancy-in-phoenix-hits-40-year-low-of-less-than-5/

Texas multifamily developers may have overshot their goal. They have pumped so much new product into the market, that many have slammed on the brakes for new builds as they finish up current projects. According to a detailed report in The Real Deal, Texas apartment developers have produced more apartments than almost any other group of US developers over the last three years. In Dallas, they put more than 20,000 apartments on the market last year. That's about twice the number of new apartments that opened up in New York with a much larger population. In Austin, the story is even more dramatic, with more than 17,000 new apartments on the market in 2023. Compared to Dallas with 1.3 million people, Austin only has 1 million.... ...You'll find a link to the full article in the show notes at newsforinvestors.com. If you'd like more information on the single-family rental business, be sure you've signed up for a free RealWealth membership. We help new and experienced investors find cash-flowing rental properties in markets with strong job and population growth. You can also connect with our network of real estate professionals and other single-family investors. And please remember to subscribe to this podcast, if you haven't already. Thanks for listening! Kathy Fettke Links: 1 - https://therealdeal.com/magazine/march-2024/texas-multifamily-developers-slam-on-the-brakes/ 2 - https://www.multifamilyexecutive.com/design-development/construction/texas-apartment-construction-starts-plunge-across-major-metros_o

In this Real Estate News Brief for the week ending March 2nd, 2024... you'll hear what the Fed's favorite inflation gauge is telling us, the challenges facing builders today, and a popular new trend in home design.... We begin with economic news from this past week. The Federal Reserve's preferred inflation report came out last week showing the biggest increase in four months. The Personal Consumption Expenditure index or PCE was up .3% in January to an annual rate of 2.4%. The "core" rate, which excludes prices for energy and food, was up .4% with an annual rate of 2.8%. The results were not a surprise after similar reports for the Consumer Price Index and the Producer Price Index. But, there are worries that the new reports will convince the Fed to wait longer to cut rates. The Fed has also said it expects a "bumpy" ride back to its 2% target... ...If you'd like to know more about buying real estate rental properties, please sign up for a free membership at our website. We provide education and networking opportunities for new and experienced real estate investors. You can also check out our companion website, growdevelopments.com, to find out about syndicated investment opportunities. And keep listening to this podcast as a subscriber for all the latest real estate news! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report/card/pce-shows-biggest-rise-in-u-s-inflation-in-four-months-7iq9v0hdKgUenOhzZ4pG 2 - https://www.calculatedriskblog.com/2024/02/pce-measure-of-shelter-slows-to-61-yoy.html 3 - https://www.marketwatch.com/story/home-prices-hit-a-new-all-time-high-in-december-case-shiller-says-e3f10c11?mod=mw_latestnews 4 - https://www.marketwatch.com/story/u-s-economys-growth-in-the-fourth-quarter-downgraded-to-3-2-b56f52d7?mod=home-page 5 - https://www.marketwatch.com/story/u-s-economys-growth-in-the-fourth-quarter-downgraded-to-3-2-b56f52d7?mod=home-page 6 - https://www.marketwatch.com/story/jobless-claims-tick-up-in-latest-week-2a830f76?mod=economic-report 7 - https://www.marketwatch.com/story/new-homes-sales-tick-up-in-january-fa91ae07?mod=aarthi-swaminathan 8 - https://www.marketwatch.com/story/pending-home-sales-post-biggest-drop-in-five-months-as-mortgage-rates-rise-a5078f5b?mod=economic-report 9 - https://www.marketwatch.com/story/construction-spending-falls-for-the-first-time-since-december-2022-07997db4?mod=search_headline 10 - https://www.marketwatch.com/story/home-prices-hit-a-new-all-time-high-in-december-case-shiller-says-e3f10c11?mod=mw_latestnews 11 - https://www.constructiondive.com/news/construction-materials-supply-chain-shortage/708866/ 12 - https://eyeonhousing.org/2024/03/seven-percent-of-builders-now-build-barndominiums/ 13 - https://www.houseplans.net/news/7-popular-barndominium-plans-of-2023/

The latest report on inflation is showing the biggest increase in four months. It's the PCE report which is the Fed's preferred inflation gauge, and one that provides important data for a decision on rate cuts. The results were also in-line with expectations and what the Fed expects to be a bumpy ride back to its 2% target. PCE stands for the Personal Consumption Expenditure index. The Fed prefers this report over the Consumer Price Index because it more accurately reflects what substitutions consumers are making as prices rise and fall. But the Consumer Price Index or CPI also produces important data for the Fed's consideration along with the Producer Price Index or PPI for wholesale prices. And those two reports recently surprised us on the upside. The new PCE report shows similar upside results with a .3% increase in January and an annual rate of 2.4%. The Fed pays the most attention to the "core" rate, which eliminates food and energy. That reading was .4% higher in January with an annual rate of 2.8%. Keep in mind that the Fed wants to see continued progress in lowering inflation to the central bank's 2% target... ...Check for links to those stories in the show notes at newsforinvestors.com. Sign up for a free RealWealth membership while you are there for access to our market data. You might also want to check out our recent webinar on real estate lending with Richard Advani. He'll let you know your best options when it comes to real estate loans, and conserving as much of your own cash as possible. You'll find the webinar under the Learn tab. And please remember to subscribe to this podcast, if you haven't already. Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2024/02/29/pce-inflation-january-2023-.html 2 - https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report/card/pce-shows-biggest-rise-in-u-s-inflation-in-four-months-7iq9v0hdKgUenOhzZ4pG?mod=home-page

In this Real Estate News Brief for the week ending February 24th, 2024... the 2023 numbers for all-cash home buyers, where NAR stands on a huge class-action lawsuit, and what's happening with single-family rent growth. We begin with economic news from this past week. Minutes from the Federal Reserve's late January meeting show that Fed officials are more concerned about cutting rates too soon than they are about waiting too long. Released this last week, the minutes show that most committee members were concerned about the risks of going too fast while only a few were concerned about the opposite. Chief U.S. economist for Oxford Economics, Ryan Sweet, told MarketWatch that he's worried this approach "could turn a soft landing into a bumpier one." He added: "If the central bank waits for clear signs that the labor market, or the broader economy, is deteriorating, they will be behind the curve."... ...You'll find links to all these stories in the show notes at newsforinvestors.com. You should also check out some of our webinars under the Learn tab if you'd like the latest on my 2024 forecast. Sign up for a free RealWealth membership and you'll have access to our entire site, including data on individual markets and why investors are choosing them for their portfolios. And don't forget to subscribe to this podcast, if you haven't already! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/fed-officials-more-worried-about-cutting-rates-too-fast-than-moving-too-slow-minutes-show-ed35f77c?mod=federal-reserve 2 - https://www.marketwatch.com/story/feds-jefferson-says-he-expects-rate-cuts-later-this-year-e08f7383?mod=federal-reserve 3 - https://www.marketwatch.com/story/jobless-claims-drop-12-000-to-201-000-in-feb-17-week-743ca6c6?mod=economy-politics 4 - https://www.marketwatch.com/story/home-sales-rose-in-january-despite-record-high-prices-as-buyers-seized-on-lower-rates-1802758d 5 - https://www.freddiemac.com/pmms 6 - https://eyeonhousing.org/2024/01/all-cash-share-of-new-home-sales-remains-elevated-in-2023/ 7 - https://www.reuters.com/legal/litigation/home-buyers-can-sue-brokerages-over-real-estate-commissions-us-judge-rules-2024-02-21/ 8 - https://www.corelogic.com/press-releases/corelogic-us-annual-rent-growth-remains-slow-steady-december/

Apartment landlords are finally seeing positive revenue four years after Covid-related rent moratoriums, but the eviction saga continues. Landlords are able to replace non-paying tenants by evicting them, but the legal proceedings don't happen overnight. As you know, Covid triggered eviction moratoriums for tenants who weren't paying rent. That helped many people who lost jobs, got sick, or had other Covid-related issues. But the protections continued well past the end of the emergency. Although most of those moratoriums were canceled more than a year ago, some ended just months ago. According to BisNow, landlords are now slowly replacing tenants who don't pay their rent and are finally seeing revenue from those units. They reported during fourth-quarter earnings calls, that this sliver of revenue is helping multi-family focused REITs get back on their feet. This comes at an especially good time since many apartment landlords also face issues with higher costs from inflation and loan maturities that need to be refinanced at higher interest rates. As BisNow reports, "REITs eked out razor-thin margins over analysts' expectations" but it's enough to keep them afloat... ...That's it for this episode. You'll find a link to the BisNow report in the show notes at newsforinvestors.com. Sign up for a free RealWealth membership if you'd like to continue your real estate education. You'll also find opportunities for investing by logging into the investor portal. Again, it's free to be a member and take advantage of our market data. We appreciate you subscribing to this podcast also, if you haven't already. Links: 1 - https://www.bisnow.com/national/news/multifamily/multifamily-apartment-reit-2023-q4-earnings-bad-debt-new-supply-122946

In this Real Estate News Brief for the week ending February 17th, 2024... why the latest inflation reports could delay a rate cut, why U.S. homes are growing older overall, and what share of home sales went to investors in the fourth quarter of last year... ...Investors are working their way through the tough housing market, with some success. Redfin reports that investors accounted for 26% of low-priced home purchases in the fourth quarter. And about two-thirds of those investor transactions were single-family homes. Looking only at the price points that investors are buying, about 46% were low-priced, 24% were mid-priced, and 28% were high-priced. Redfin agent, Carrie Caruthers, says: "I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by. When they find those properties, they pile in." On that note, I'd like to add that you can get help finding those kinds of properties as a RealWealth member. It's free to join, and free to access our data and our resources. Potential qualified investors can also sign up for a free Q-and-A session with one of our investment counselors. No obligation, just information and support for your own real estate investing journey. Become a member and check out our website at newsforinvestors.com. And please subscribe to this podcast if you haven't already! If you have a few minutes, we'd also love a review. Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2024/02/13/cpi-inflation-january-2024-consumer-prices-rose-0point3percent-in-january-more-than-expected-as-the-annual-rate-moved-to-3point1percent.html 2 - https://www.cnbc.com/2024/02/16/january-wholesale-prices-rise-0point3percent-more-than-expected.html 3 - https://www.marketwatch.com/story/producer-price-index-rises-0-3-in-january-core-ppi-up-0-6-69e79209 4 - https://www.marketwatch.com/story/jobless-claims-decline-by-8-000-to-212-000-in-feb-10-week-e97ed8b9?mod=economic-report 5 - https://www.marketwatch.com/story/housing-starts-fall-sharply-in-january-to-lowest-level-since-august-2023-8a783ee5?mod=mw_latestnews 6 - https://www.marketwatch.com/story/builder-confidence-index-rises-to-five-month-high-on-expectations-that-mortgage-rates-will-drop-in-the-coming-months-c5d6eeac?mod=economic-report 7 - https://www.freddiemac.com/pmms 8 - https://eyeonhousing.org/2024/02/the-age-of-the-u-s-housing-stock/ 9 - https://finance.yahoo.com/news/investors-bought-record-26-affordable-004444276.html 10 - https://www.yahoo.com/news/us-cities-best-quality-life-211016529.html

The week began with an inflation report that was anything but pretty. The Consumer Price Index came in hotter than expected for January, upsetting Wall Street and frustrating people who want the Fed to cut rates in the coming months. The report triggered a sharp stock sell-off but stocks have bounced back since then as investors and traders wondered whether they overreacted. The CPI for January came out on Monday, February 5th with a .3% increase for January. Economists had expected a .2% increase. The annual gain did come down from 3.4% to 3.1%, but economists expected it to dip below 3% to 2.9%, according to CNBC. The report doesn't show a significant increase in prices, but it does indicate that inflation continues to be sticky... ...That's it for this episode. You'll find links to these stories if you'd like to more details on the CPI report. As for the housing market, you can get my forecast by watching 2024 Housing Markets Predictions webinar that I recorded with economist Rick Sharga. That's at newsforinvestors.com under the Learn tab. If you're not yet a RealWealth member, you can also sign up for free, while you are there. And please remember to subscribe to this podcast. Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2024/02/13/cpi-inflation-january-2024-consumer-prices-rose-0point3percent-in-january-more-than-expected-as-the-annual-rate-moved-to-3point1percent.html 2 - https://www.marketwatch.com/story/feds-goolsbee-says-some-high-monthly-inflation-readings-wont-knock-his-confidence-11486ac9?mod=economy-politics 3 - https://www.mortgagenewsdaily.com/markets/mortgage-rates-02132024 4 - https://www.marketwatch.com/story/inflation-data-jolted-stocks-and-bonds-this-will-decide-what-happens-next-63df42d1?mod=economy-politics

In this Real Estate News Brief for the week ending February 10th, 2024... why a no news report about inflation is actually good news, why some real estate agents say the spring homebuying season starts now, and where you'll find the best short-term markets for this year. You can find the links to this episode in the show notes at newsforinvestors.com. You'll also find lots of information about the business of long-term rentals at our website. You can join for free and get access to our investor portal with data on our top markets for single-family rentals. That's at newsforinvestors.com. Thank you for listening! And please remember to subscribe to this podcast, and leave a review! - Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-inch-higher-ahead-of-cpi-revision/card/cpi-revisions-are-no-big-deal-trajectory-of-inflation-pretty-much-the-same--DNxkuW5QUF3eqATBGwTA?mod=home-page 2 - https://www.marketwatch.com/story/the-first-big-inflation-report-of-2024-is-coming-out-heres-what-the-cpi-is-likely-to-show-7eca5707?mod=economy-politics 3 - https://www.marketwatch.com/story/initial-u-s-jobless-claims-fall-to-218-000-in-feb-3-week-from-227-000-e280a7e8?mod=home-page 4 - https://www.freddiemac.com/pmms 5 - https://www.marketwatch.com/story/mortgage-rates-barely-budge-amid-uncertainty-over-fed-rate-cuts-d036bfb0?mod=economy-politics 6 - https://www.cnn.com/2024/02/11/business/home-buying-selling-season-start/index.html 7 - https://www.businessinsider.com/housing-market-outlook-home-prices-spring-buying-season-mortgage-rates-2024-2 8 - https://www.nar.realtor/magazine/real-estate-news/short-term-rentals-poised-for-post-pandemic-comeback

Two big headlines out of New York this week have one thing in common – rent stabilization laws that are destabilizing the value of multi-families. One of those stories is about the sale of two multi-million dollar properties for less than half of the purchase price. The other story is about New York Community Bank which suffered a downgrade to "junk" because of commercial loan losses, including multi-family properties that are sinking in value. We've heard a lot about the impact of high interest rates on loans for unprofitable office buildings. But this story highlights the negative impact of rent stabilization laws. The headline that caught my eye in The Real Deal read: "Another rent-stabilized haircut, this time with shears." The investment firm Bentall Green Oak unloaded two properties in upper Manhattan for just $31 million. That's 64% less than the purchase price of $85 million...(more) ...That's it for this episode. You can read more about this two-headed monster by following links to the articles in the show notes below. I also encourage you to sign up as a RealWealth member at newsforinvestors.com for more information on how to invest wisely in single-family homes outside of the New York area. It's free to join and can help you see where it makes more sense to be a landlord. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://therealdeal.com/new-york/2024/02/07/rent-stabilized-nyc-buildings-sell-at-major-discount/ 2 - https://www.cnbc.com/2024/02/07/nycb-reignites-banking-industry-commercial-real-estate-fears.html 3 - https://www.mpamag.com/us/specialty/commercial/nycb-raises-capital-for-residential-mortgage-portfolio-amid-market-turmoil/476327

Artificial intelligence is rapidly changing the way that landlords and property managers are handling rental screenings, and it's making the leasing process better for everyone. But it isn't just for rentals. Many home buyers are also getting the kind of help they need from what some are calling "robot realtors." I thought I'd talk about a few ways that AI is rapidly changing the real estate world. For rentals, an AI assistant can be the one handling all the questions and the scheduling of tours. It's taking a lot of stress out of the property manager's job. They typically converse via email, text, or chatbox, but according to Curbed, the communication is so human-like, many people don't even know it's an AI assistant. Later, when they inquire about the person they were talking to, they are surprised to find out it....(more) ...You can read more about "robot realtors" by following links in the show notes below. And more about investing in real estate by signing up for a free membership with real wealth. Just go to newsforinvestors.com. As always, I also encourage you to subscribe to this podcast if you haven't already. And when you have a moment, leave us a review. Links: 1 - https://www.globest.com/2024/01/03/ai-powered-leasing-agents-are-improving-the-renter-experience/ 2 - https://www.curbed.com/2023/09/artificial-intelligence-leasing-offices-tenants.html 3 - https://www.eliseai.com/ai-business-platform 4 - https://nypost.com/2023/09/29/ai-takes-manhattan-the-robot-realtors-of-nyc-are-here/ 5 - https://therealdeal.com/new-york/2023/09/21/the-eklund-gomes-team-launches-ai-assistant/ 6 - https://eklundgomes.com/maya

In this Real Estate News Brief for the week ending February 3, 2024... what the Fed Chief is saying about when the rate cuts will begin, what happened to the homeownership rate in Q4, and why Millennials are worried about aging Baby Boomer homes. That's it for today. If you are working on your investing plan for this year and need a better focus, check out our RealWealth webinar: The Focused Investor: 4 Steps to Success in 2024. You'll find it at newsforinvestors.com under the Learn tab. Be sure to sign up for a free RealWealth membership while you are there. And please subscribe to this podcast and leave a review when you have a minute. Thanks for listening! Kathy Fettke Links: 1 - https://abcnews.go.com/US/wireStory/powell-federal-reserve-track-cut-rates-year-inflation-106939082#:~:text=In%20December%2C%20Fed%20officials%20indicated,likely%20still%20reflected%20policymakers'%20views. 2 - https://www.marketwatch.com/story/jobless-claims-climb-to-nearly-3-month-high-of-224-000-layoffs-creeping-higher-2fcd7bc3?mod=economy-politics 3 - https://www.marketwatch.com/story/home-prices-hit-a-new-high-in-november-case-shiller-says-679244e9?mod=economic-report 4 - https://www.marketwatch.com/story/construction-spending-ticks-up-for-12th-month-in-a-row-in-december-e4601074?mod=economic-report 5 - https://www.freddiemac.com/pmms 6 - https://eyeonhousing.org/2024/01/homeownership-rate-dips-to-65-7-amid-housing-affordability-woes/ 7 - https://www.cnbc.com/2024/02/02/half-of-us-renters-are-cost-burdened-harvard-report-finds.html 8 - https://www.nar.realtor/magazine/real-estate-news/younger-buyers-want-baby-boomers-to-update-their-homes

The Federal Reserve is squashing hopes for a rate cut in March. The Federal Open Market Committee met this week and left rates where they are, but the bigger message from policymakers: There are no plans yet to cut rates. Hi I'm Kathy Fettke and this is the Real Estate News for Investors. Please make sure you are subscribed, and when you have a minute, leave us a review and let us know how we're doing! This episode is a quick update on the Fed's latest policy meeting. The committee issued a statement after the two-day meeting that eliminated wording about their willingness to keep raising rates. Instead, it said that it would now begin policy adjustment considerations. But that doesn't mean they plan on immediately lowering rates. In fact, it said: "The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent." Fed Chief Jerome Powell also added to that sentiment during a news conference after the meeting. He said that committee members will be waiting to see how the data plays over the next month or months, and said that a March rate cut is unlikely. He added: "I don't think it's likely that the committee will reach a level of confidence by the March meeting."... ...As for when they'd go down, the Fed never says yes or no so we'll just have to wait and see what happens at the next meeting. That's it for today. If you'd like to listen to my 2024 Housing Market Predictions, you'll find the webinar at newsforinvestors.com under the Learn tab. Economist Rick Sharga joined me for that webinar so you'll get a double dose of forecasting and lots of data. That's at newsforinvestors.com under the Learn tab. And don't forget to subscribe to the podcast if you haven't done so already! Thanks for joining me here on Real Estate News for Investors. I'm Kathy Fettke. Thanks for listening. 1 - https://www.cnbc.com/2024/01/31/fed-rate-decision-january-2023.html 2 - https://www.cnbc.com/2024/01/31/fed-chief-jerome-powell-says-a-march-rate-cut-is-not-likely.html 3 - https://www.federalreserve.gov/newsevents/pressreleases/monetary20240131a.htm

If you've ever wondered how local regulations might impact your Airbnb rental plans, you might get a few insights from a tourist destination in Southern California. Palm Springs and eight other nearby cities have been an attractive market for Airbnb investors, especially during the pandemic. But the backlash against short-term rentals has led to strict regulations, investor losses and a depressed housing market in many of those high-demand neighborhoods. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Airbnb rentals have become controversial in many U.S. cities as local officials grapple with a housing shortage for residents. But for some investors, curbing short-term rentals in a vacation hot-spot like the Coachella Valley didn't seem like much of a threat. Until it was... ...That's it for this episode. You can read more about this by following a link to the article in the show notes at newsforinvestors.com. I also encourage you to sign up as a RealWealth member for more information on how to wisely invest in real estate. It's free to join and access all the resources we have online. That include sample properties in more than a dozen U.S. markets and a free session with one of our investment counselors. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://therealdeal.com/la/2024/01/25/palm-springs-home-market-choked-by-airbnb-rules/ 2 - https://www.latimes.com/california/story/2024-01-23/palm-springs-capped-airbnb-rentals-now-some-home-prices-are-in-free-fall#:~:text=Palm%20Springs%2C%20a%20city%20dependent,20%25%20of%20the%20homes%20there.

In this Real Estate News Brief for the week ending January 27th, 2024... you'll hear the latest good news on inflation, how many tenants are struggling to pay rent, and where you can still find fixer uppers worth fixing... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there, if you haven't already. You'll find the help you need to create your own real estate empire as a RealWealth member. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-wilt-after-record-setting-run-as-pce-data-looms/card/core-pce-inflation-rises-at-slowest-rate-since-spring-2021-OORZcFtQ64lxnor9xLlG 2 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-steady-before-gdp-report-after-again-hitting-record/card/u-s-economy-expands-at-strong-3-3-rate-in-fourth-quarter-gdp-shows-M0qw975OmGYM7uUxqjeP 3 - https://www.marketwatch.com/livecoverage/stock-market-today-s-p-500-futures-steady-before-gdp-report-after-again-hitting-record/card/u-s-initial-jobless-claims-up-25-000-to-214-000-in-latest-week-LFl2ywmQjVtZlkZUkqYv 4 - https://www.marketwatch.com/story/new-homes-sales-surge-8-in-december-6ad57a5a 5 - https://www.marketwatch.com/story/pending-home-sales-post-biggest-jump-since-june-2020-as-mortgage-rates-fall-f087abf8?mod=economic-report 6 - https://www.freddiemac.com/pmms 7 - https://www.axios.com/2024/01/27/rent-unaffordable-housing-market-apartment-prices-cost 8 - https://www.bisnow.com/national/news/multifamily/office-to-apartment-conversion-pipeline-in-major-cities-quadruples-in-4-years-122497 9 - https://www.nar.realtor/magazine/real-estate-news/where-does-it-make-most-sense-to-buy-a-fixer-upper

In this Real Estate News Brief for the week ending January 20th, 2024... what Fed officials are saying about rate cuts, metros with the highest single-family rent growth, and the most searched metro for rental listings... ...If you're looking a metro that is getting searched the most by potential renters, then Atlanta may be your city. RentCafe says that Atlanta rental listings attracted the most attention from users, and the Georgia capital "the apartment market to watch in 2024." It says users saved more listings for Atlanta than any of the 150 metros on the website. Other highly searched metros are Kansas City, Missouri; Cincinnati, Ohio; Arlington, Virginia; and Orlando, Florida. That's it for today. You'll find links to more info about all these stories in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership to learn more about real estate investing, and what you can do to create passive income from real estate. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.investors.com/news/economy/federal-reserve-fed-rate-cut-message-is-starting-to-get-through-to-wall-street/ 2 - https://www.cnbc.com/2024/01/21/two-important-events-this-week-could-determine-the-future-of-fed-rate-policy.html 3 - https://www.marketwatch.com/story/jobless-claims-fall-under-200-000-to-lowest-level-in-16-months-7aaf1d60?mod=home-page 4 - https://www.marketwatch.com/story/home-sales-sink-to-a-29-year-low-in-2023-5ab71c37?mod=economic-report 5 - https://www.marketwatch.com/story/u-s-housing-starts-fall-in-december-b263f6d7?mod=economic-report 6 - https://www.marketwatch.com/story/builder-confidence-index-jumps-in-january-as-mortgage-rates-fall-6baae90e?mod=search_headline 7 - https://www.marketwatch.com/story/consumer-sentiment-jumps-to-highest-level-since-july-2021-ae06e071?mod=economy-politics 8 - https://www.freddiemac.com/pmms 9 - https://www.cnbc.com/2024/01/21/mortgage-interest-rates-expected-to-drop-in-2024.html?&qsearchterm=mortgage%20interest%20rates 10 - https://www.corelogic.com/press-releases/us-annual-rent-growth-holds-less-than-3-in-november/ 11 - https://www.bisnow.com/atlanta/news/multifamily/potential-renters-projected-to-remain-busy-searching-for-atlanta-apartments-122411

In this Real Estate News Brief for the week ending January 13th, 2024... what the latest two inflation reports are telling us about the months ahead, why the US Supreme Court is debating a California builder's fee, and how a new apartment surge is impacting investors... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. If you'd like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/december-cpi-report-s-p-500-futures-near-record-ahead-of-key-inflation-data/card/cpi-posts-biggest-increase-in-three-months-but-little-sign-of-rising-inflation-rOCUDDpBNCcBnF477Yd2 2 - https://eyeonhousing.org/2024/01/housing-costs-persist-in-driving-inflation-higher/ 3 - https://www.cnbc.com/2024/01/12/wholesale-prices-unexpectedly-fell-0point1percent-in-december-in-positive-inflation-sign.html 4 - https://www.mortgagenewsdaily.com/markets/mbs-morning-01122024 5 - https://www.marketwatch.com/story/u-s-jobless-claims-inch-drop-to-lowest-level-since-october-68be4cec?mod=economy-politics 6 - https://www.freddiemac.com/pmms 7 - https://www.cnbc.com/2024/01/10/mortgage-demand-jumps-nearly-10percent-to-start-the-year-even-as-interest-rates-tick-up-again.html 8 - https://www.bisnow.com/national/news/office/office-vacancy-across-america-is-at-its-highest-in-four-decades-122324 9 - https://therealdeal.com/la/2024/01/10/supreme-court-hears-question-of-california-impact-fees/ 10 - https://www.fastcompany.com/91009879/housing-market-2024-multifamily-housing-supply

Do you have a checklist of essentials for a property you'd like to buy? Or you might be upgrading a home for sale, or renovating a property for future tenants, or making design choices for a development project. Whatever direction you are headed with real estate, it's a good idea to know what's trending right now in the real estate market. The National Association of Realtors just published an interesting list of real estate trends to watch over the next year, and I thought I'd share some of the insights from this article. The NAR article also advised readers that trends can change so make sure that you're not "just" following trends, but doing something that makes sense for you and/or the future residents – something that will create "joy" is the way the author put it... ...That's it for today. You'll find a link to that article in the show notes at newsforinvestors.com. You'll also learn more about the ever-changing real estate market by joining RealWealth. It's free to join and free to explore our website. You'll find hundreds of webinars, more than a dozen markets that have grabbed the attention of real estate investors, and pages devoted to sample properties and property teams that you can contact. Members with questions can also speak with our investment counselors who will be happy to answer any questions. If you'd like to learn more about real estate investing, please come to our live event in Pleasant Hill, California this Saturday, January 20th. Visit growdevelopments.com, that's our syndication company, and click on the Events tab. I also encourage you to subscribe to this podcast if you haven't already. And when you have a moment, leave us a review. It really helps us! Thanks for listening! Kathy Links: https://www.nar.realtor/magazine/real-estate-news/home-and-design/real-estate-and-design-trends-to-watch-in-2024

In this Real Estate News Brief for the week ending January 6th, 2024... why economists are getting a more hawkish message from the Fed, what Zillow is listing as the hottest housing market in 2024, and the top growth states according to U-Haul. If you happen to be in the SF Bay area on Jan 20th, I'd love to meet you at our live event. You can get the details at GrowDevelopments.com under the event tab. I'll be giving my 2024 Economic forecast, plus I'll share about our newest syndication - a home development project in Klamath falls, OR, and I'll also be explaining what a syndication is. You can get the details at grow developments.com... ...If you'd like to learn how to invest in real estate, sign up for a free membership at RealWealth.com. You'll have access to hundreds of webinars and educational articles along with data on various growth markets, sample properties, property teams, our investment counselors, and a recommended list of real estate professionals. I also encourage you to subscribe to this podcast if you haven't done so, and please leave us a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/how-december-fed-minutes-could-shake-up-investors-rate-cut-expectations-7b8a2757?mod=home-page 2 - https://www.marketwatch.com/story/jobless-claims-drop-to-nearly-three-month-low-of-202-000-a58b91ea?mod=economic-report 3 - https://www.marketwatch.com/story/job-openings-slide-to-32-month-low-of-8-8-million-as-u-s-hiring-boom-fades-67de0093?mod=economy-politics 4 - https://www.marketwatch.com/livecoverage/december-jobs-report-s-p-500-futures-point-to-fifth-straight-loss-ahead-of-payrolls-data/card/december-jobs-report-shows-216-000-new-workers-biggest-increase-in-three-months-whqYk8WaJ2Wj3dg7Niym 5 - https://www.marketwatch.com/story/u-s-construction-spending-rises-for-11th-month-in-a-row-in-november-31395b7d?mod=economic-report 6 - https://www.freddiemac.com/pmms 7 - https://www.usatoday.com/story/money/personalfinance/real-estate/2024/01/05/zillow-hottest-housing-markets-2024/72119594007/ 8 - https://www.calculatedriskblog.com/2024/01/asking-rents-mostly-unchanged-year-over.html 9 - https://www.uhaul.com/Articles/About/U-Haul-Announces-Top-Growth-States-Of-2023-30660/?fbclid=IwAR3MTpMSSsEg_KbdMu4gDxRYBmsKOH2avD0aXDJHhcGxRTCdZtKw5QXqVfI

In this Real Estate News Brief for the final two weeks of 2023... you'll hear the results of the last inflation report along with a few predictions for 2024 and some surprising data on the number of investors buying real estate in the Dallas area. We begin with a report on the Personal Consumption Expenditures index which is the Fed's favorite inflation gauge. It shows the PCE dipped .1% in November for an annual rate of 2.6%. The core rate went in the opposite direction with a .1% increase for an annual rate of 3.2%. The core rate eliminates prices for food and gas. If you look at the data for "just" the last six months, the core rate was just 1.9% which is below the Fed's target rate. Economist Andrew Hunter told CNBC: "Adding in the further sharp slowdown in rent inflation still in the pipeline, it's hard to see any credible reason why the annual inflation rate won't also return to the 2% target over the coming months."... That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. I suggest that you also sign up for a free RealWealth membership to learn more about how to invest in real estate. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2023/12/22/pce-inflation-november-2023-.html 2 - https://www.calculatedriskblog.com/2023/12/pce-measure-of-shelter-slows-to-67-yoy.html 3 - https://www.cnbc.com/2023/12/26/sp-case-shiller-october-home-prices-post-biggest-gain-of-2023.html 4 - https://www.marketwatch.com/story/jobless-claims-rise-for-second-straight-week-09add036?mod=search_headline 5 - https://www.marketwatch.com/story/pending-home-sales-flat-in-november-despite-drop-in-mortgage-rates-11e23e17?mod=search_headline 6 - https://www.freddiemac.com/pmms 7 - https://www.mortgagenewsdaily.com/markets/mortgage-rates-12292023 8 - https://www.cnbc.com/2023/12/26/the-us-avoided-a-recession-in-2023-whats-the-outlook-for-2024.html 9 - https://therealdeal.com/texas/dallas/2023/12/29/investors-behind-nearly-a-third-of-dallas-area-home-buys/

Happy New Year! And welcome to the 9th year of Real Estate News for Investors. I'm Kathy Fettke, and I want to take this moment to thank you for being a loyal listener. And a shout out to some of our very kind recent reviews. Thanks Chris W Ball for saying this show "is the most relevant, factual and considerate real estate information I get all week." and to Johnny Mously who said, "Love the news. The podcast gets to the current points. I admire her unbiased opinions. This show needs to be on autoplay every week." I appreciate that and yes, back when I worked at CNN, Fox and ABC, we were absolutely not allowed to have bias. We were required to present both sides of any story. Those were the days! Anyway, as we head into 2024, I wanted to share some exciting news on new technologies that can help drive your real estate business to greater success. As daunting as learning new technologies may seem to some of us, according to JLL.com, the real estate industry is going through a massive digital transformation, and that accepting the integration of these technologies into our lives and businesses will be fundamental to our success. So with that, let's take a look at a few highlights of this report... ...Artificial intelligence and Generative AI are expected to have the biggest impact, although they are the least understood of all the new technologies. So there will be a learning curve! JLL suggests that you have an adoption strategy that is realistic. That will involve assessing the tech you currently have in place and laying out clear, actionable goals to get all the new tech working for you. If you want to dive into this further, you should check out this report. You'll find a link in the show notes at newsforinvestors.com. I also encourage you to sign up as a RealWealth member to learn more about the real estate business. It's free to join and just takes a few minutes. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! I wish you a very prosperous and tech-enabled new year! Kathy Fettke 1 - https://www.us.jll.com/content/dam/jll-com/documents/pdf/research/global/jll-technology-as-a-value-driver-for-real-estate.pdf

Rental application fraud has always been a problem, but there's a new trend on social media to share techniques for duping your future landlord. Deceptive tenants are learning from people boasting about their success at scoring luxury apartments with fake documents… and sharing tips on how to create them. Bisnow published an extensive report on the problem just recently. It's called "How Renters Are Using TikTok, X to Defraud Landlords at Luxury Apartments." But it isn't "just" luxury apartments. It could be an apartment where there's a lot of competition among tenants, so the less worthy ones give themselves a phony upgrade... ...The NAA says that many of this fraud cases involve professional criminals, but easy-to-follow instructions on social media, the most unassuming rental applicant could suddenly become a fraudster. The NAA published a great article on how landlords can protect themselves. You'll find a link to that article in the show notes at newsforinvestors.com, along with links to the other articles mentioned in this episode. I encourage you to sign up as a RealWealth member to learn more about the real estate business. You'll find hundreds of "how to" webinars on buying rental properties and creating a portfolio that will give you passive income. You can also connect with other investors, real estate professionals, and our investment counselors. It's free to join and just takes a few minutes. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.bisnow.com/national/news/multifamily/how-tiktok-instagram-are-fueling-apartment-application-fraud-into-overdrive-121895 2 - https://snappt.com/fraud/?utm_term=snappt&utm_campaign=Brand&utm_source=adwords&utm_medium=ppc&hsa_acc=3404946819&hsa_cam=17124549291&hsa_grp=133583795222&hsa_ad=595908534849&hsa_src=g&hsa_tgt=kwd-438833505077&hsa_kw=snappt&hsa_mt=p&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=Cj0KCQiA7OqrBhD9ARIsAK3UXh09UKkEkoQP1oXoBLsgdH-hnPttAy_4uu8PpLUboTz4comcJv7k8iQaAqGNEALw_wcB 3 - https://www.naahq.org/how-property-managers-can-combat-application-fraud

In this Real Estate News Brief for the week ending December 16th, 2023… why homebuyers are happy about the Fed's rate hike decision, how inflation is losing its battle against the Fed, and what Redfin says about the 2024 Housing Market. We begin with economic news from this past week, and a Fed decision that spread some holiday joy among homebuyers. Fed officials held their December meeting and announced that short-term lending rates would remain where they are, between 5.25% and 5.5%. And the forecast for next year is looking even better... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! If you'd like to know more about how to buy real estate as an investor, sign up for a free RealWealth membership at newsforinvestors.com. It'll take just a minute to sign up and will give you access to our entire website. That includes hundreds of webinars, data on different rental markets, a long list of real estate professionals and property teams that can help you, including our own experienced investment counselors. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/powell-surprises-with-a-dovish-turn-economists-debate-how-many-fed-rate-cuts-in-2024-7fe36a65?mod=economy-politics 2 - https://www.marketwatch.com/story/inflation-creeps-higher-cpi-shows-on-higher-rents-and-used-car-prices-dff5b74f?mod=economy-politics 3 - https://www.marketwatch.com/story/wholesale-inflation-flat-in-november-ppi-finds-47a996c2?mod=economy-politics 4 - https://www.marketwatch.com/story/retail-sales-rebound-in-good-start-for-holiday-shopping-season-db8df52e?mod=economic-report 5 - https://www.marketwatch.com/story/jobless-claims-plunge-to-lowest-level-since-mid-october-019acf52?mod=economic-report 6 - https://www.freddiemac.com/pmms 7 - https://www.realtor.com/research/2024-national-housing-forecast/ 8 - https://www.bisnow.com/dublin/news/affordable-housing/market-stabilising-but-housebuilding-costs-up-24-since-2020-121985

The Federal Reserve has put a little joy into the hearts of homebuyers this Holiday season. The December FOMC meeting closed with no rate hike, and instead hints of rate cuts next year. That drove the stock market up, with bond yields and mortgage rates coming down... ...And if you want even lower rates, the San Antonio and Jacksonville property teams listed on the Real Wealth website offer investor loans under 5%. Check it out at newsforinvestors.com. And if you want to better understand why home prices went up in 2023 in spite of rates reaching nearly 8%, check out my 2023 Housing in Review webinar under the Learn tab at newsforinvestors.com. You can read more about what the Fed is doing with rates and the impact on the housing market by following links in the show notes at newsforinvestors.com. I also encourage you to sign up for a free membership at RealWealth if you want to know more about how you can invest in real estate. It only takes a few minutes to sign up and will give you access to our housing market data, hundreds of webinars, a long list of recommended real estate professionals including our experienced investment counselors, and other individual investors like yourself! Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.housingwire.com/articles/what-fed-rate-cuts-in-2024-will-mean-for-homebuyers/#:~:text=Expect%20lower%20mortgage%20rates&text=%E2%80%9CThe%20commentary%20about%20three%20expected,to%20fall%20faster%20throughout%202024. 2 - https://www.housingwire.com/articles/a-sub-7-mortgage-rate-brings-holiday-cheer/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=286605320&_hsenc=p2ANqtz--FZgqJL79wRXEPZnADaFjRLw88Up8yFwiMcYWKDVQ_g2ms9TGufl6nDuARn7ByZAEgJ8NZrziI_p37W0SeGBlKb204eA&utm_content=286605320&utm_source=hs_email 3 - https://www.freddiemac.com/pmms 4 - https://www.marketwatch.com/story/powell-surprises-with-a-dovish-turn-economists-debate-how-many-fed-rate-cuts-in-2024-7fe36a65?mod=economy-politics

There's a new effort in Congress to keep big landlords from owning single-family homes. Democrats in the Senate and House introduced legislation that would ban hedge funds from owning rental homes and force them to sell off what they have over ten years. But that bill and a second one both appear to target any large real estate investor, not just hedge funds. The legislation is called the "End of Hedge Fund Control of American Homes Act of 2023." It was introduced by Senator Jeff Merkley of Oregon and by Representative Adam Smith of Washington. If passed, hedge funds would be unable to purchase any more single-family rentals, and would have to sell at least 10% of what they own per year, to American families. That would create a 10-year phase out of hedge fund ownership after which they'd be completely banned from owning them. As reported by Fast Company, the legislation doesn't just refer to hedge funds, but to real estate investment trusts or REITs as well as corporations that own single-family rentals. If that's the case, then many of the build-to-rent projects would come to a screeching halt because they are often funded by large institutional investors. And what we need is "more" supply, not less. That's what will bring prices down, not by banning corporate ownership of rentals which actually accounts for a very small percentage of rental homes... You'll find links to the three articles I mentioned in the show notes at newsforinvestors.com. The Real Wealth Show interview with Richard Ross can be found on YouTube and podcast platforms. ...If you want to build your own individual portfolio of rental homes, please sign up as a Real Wealth member. It's free to join and will give you access to all our housing market data, hundreds of webinars, and a long list of recommended real estate professionals including our experienced investment counselors. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: Real Wealth Show with Richard Ross of Quinn Residences: Click here 1 - https://www.businessinsider.com/housing-market-affordability-investors-hedge-funds-wall-street-democrats-bill-2023-12 2 - https://www.nytimes.com/2023/12/06/realestate/wall-street-housing-market.html 3 - https://www.fastcompany.com/90995833/housing-market-bill-kicking-out-wall-street-investors-affordability

In this Real Estate News Brief for the week ending December 9th, 2023… the latest big drop in mortgage rates, what Redfin is predicting for 2024, and another reason to live, work, visit, or invest in North Texas. We begin with economic news from this past week. Several financial institutions are predicting a noticeable economic slowdown in the fourth quarter. BofA is forecasting a GDP of just 1%. Goldman and the Atlanta Fed lowered their GDP estimate to 1.4 for Q4.. This follows a revised GDP of 5.2% in Q3, according to the Commerce Department. The job market is still strong however with a surprise decline in the unemployment rate in October. The Bureau of Labor Statistics says it fell from 3.9% to 3.7%. In November, U.S. companies added another 200,000 jobs which is a 50,000 month-over-month increase... Redfin Predicts a Better Year for Homebuyers ...Many of our RealWealth investors are taking advantage of that growth curve by investing in our North of Dallas Rental Fund. We have been buying fixer upper homes, and renovating them as attractive single-family rentals which are put into the fund. This fund is closing soon, but you can find out more at growdevelopments.com. That's it for today. You can read more about all the stories in this episode by following links in the show notes at newsforinvestors.com. If you want to build your own individual portfolio of rental homes, please sign up as a Real Wealth member. It's free to join and will give you access to all our housing market data, hundreds of webinars, and a long list of recommended real estate professionals including our experienced investment counselors.And please remember to subscribe to this podcast, and leave a review! Links: 1 - https://www.calculatedriskblog.com/2023/12/q4-gdp-tracking-close-to-1_8.html 2 - https://www.axios.com/2023/11/29/gdp-q3-us-economy-revised-growth 3 - https://finance.yahoo.com/news/november-jobs-report-unemployment-unexpectedly-declines-in-november-as-us-labor-market-continues-to-impress-133205002.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAI_Cm2MsSRUD17lSNhW1SE6dmtDy882DSNC4V8y9sCfZIJzm3gBlfCiZ62ExlnllnHZDIkYzIfjFns47s-9llclGmcNpb9wkAPAJpwcF0mmC4DPQo9Wg8OsOLAdHW9jaF8yucA1DLiko_moOkuxT4FxqoZhj-GBllMlT9FDm7_i5 4 - https://www.marketwatch.com/story/jobs-report-shows-199-000-gain-in-november-wages-rise-sharply-dd631659?mod=home-page 5 - https://www.marketwatch.com/story/job-openings-in-the-u-s-fall-to-28-month-low-404b6338?mod=economy-politics 6 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-220-000-layoffs-still-low-d6763c88?mod=economy-politics 7 - https://www.cnbc.com/2023/12/08/inflation-expectations-plunge-in-closely-watched-university-of-michigan-survey.html 8 - https://www.freddiemac.com/pmms 9 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-are-almost-back-to-7-percent 10 - https://www.redfin.com/news/housing-market-predictions-2024/ 11 - https://www.constructiondive.com/news/universal-kids-resort-frisco-balfour-beatty/701985/

New York landlords are hoping to resolve unpaid rent issues without going to housing court. It's a plan that could save time and money for both tenants and landlords, but tenant advocates are fighting against the proposal, claiming it will cause more harm than good. Landlords say tenant groups are angry because they weren't consulted before it was proposed to officials. But, there's a reason for that which I'll share with you. New York is not known as a landlord-friendly state and is one of the proving grounds for rent regulation, usually favoring the tenant. In this case, the landlord group "Community Housing Improvement Program," which is also known as CHIP, presented a plan that would give tenants the option for mediation after meeting with a financial advisor. If that isn't okay with the tenant, then the case goes to housing court... ...You can read more about New York rent issues, by following links in the show notes for this podcast at newsforinvestors.com. If you want to learn more about all aspects of the housing market and how to become a landlord in places that are not as complicated as New York, sign up as a RealWealth member. It's free and you'll have access to all our data, hundreds of webinars, and real estate professionals, including our experienced investment counselors. Also, please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://therealdeal.com/new-york/2023/11/28/landlords-pitch-unpaid-rent-plan-but-without-tenant-groups/ 2 - https://therealdeal.com/new-york/2023/05/22/pols-weakened-landlords-vacant-unit-bill-did-they-go-too-far/ 3 - https://www.forbes.com/sites/shimonshkury/2023/11/08/the-struggle-relief-needed-for-landlords-of-new-york-city-rent-regulated-housing/?sh=61ed38721fad 4 - https://www.righttocounselnyc.org/ourmembers

In this Real Estate News Brief for the week ending December 2nd, 2023... what the Fed thinks of the latest inflation report, how much home you can buy with a conforming loan in 2024, and where you'll find a hot housing market and mushrooming population growth... ...I'm excited to share this next story with you about a Texas market that is expanding rapidly. It's an area north of Dallas, in Collin County, which is attracting businesses and new residents at a very fast pace. According to the Texas Demographic Center, the county's population is expected to double by the year 2060. Why are people and businesses flocking to this area? One - Texas is a business-friendly state, and two - there is no state income tax. The good news there. As Collin County Commissioner Susan Fletcher says: "With an average of 100 people per day, these new residents don't just bring their cars, they also bring additional need for services and facilities impacting all areas of county government." This headline confirms what our RealWealth team has already discovered – that this area is a market that's growing with people who will need homes. We have already put our chips into that basket, with a rental fund in the North of Dallas area. My Dallas-area partner is overseeing the purchase and renovation of those homes. It's a way to get the benefits of owning rental property without the job of being a landlord. You do need to be an accredited investor to participate, and the fund is closing soon. You can find out more at growdevelopments.com. You can read about that story and the others by following links in the show notes at newsforinvestors.com. While you are there, sign up for a free RealWealth membership. You'll have access to hundreds of webinars, articles, and real estate professionals that can answer your investing questions. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! -Kathy Fettke Links: 1 - https://www.marketwatch.com/story/powell-says-premature-to-speculate-on-when-interest-rates-will-be-cut-6bef7a3e?mod=home-page 2 - https://www.marketwatch.com/story/inflation-slows-again-the-feds-preferred-price-tracker-showed-24b53bf3?mod=economy-politics 3 - https://www.cnbc.com/2023/11/29/us-gdp-grew-at-a-5point2percent-rate-in-the-third-quarter-even-stronger-than-first-indicated.html 4 - https://www.marketwatch.com/story/feds-beige-book-finds-economy-has-slowed-and-inflation-too-2a488392?mod=federal-reserve 5 - https://www.marketwatch.com/story/jobless-claims-tick-higher-continuing-claims-highest-in-two-years-704183e3?mod=economy-politics 6 - https://www.marketwatch.com/story/new-home-sales-drop-in-october-to-much-lower-level-than-expected-3c8934eb?mod=mw_latestnews 7 - https://www.marketwatch.com/story/u-s-home-prices-climb-for-seven-month-in-a-row-to-a-record-high-case-shiller-says-0c0d79b4 8 - https://www.marketwatch.com/story/construction-spending-climbs-again-fueled-by-government-spending-and-public-works-db3e8cc3?mod=economy-politics 9 - https://www.freddiemac.com/pmms 10 - https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limit-Values-for-2024.aspx 11 - https://therealdeal.com/texas/2023/11/20/collin-county-population-could-double-by-2060/ 12 - https://www.reuters.com/graphics/USA-ECONOMY/FED/lgpdwawwzvo/

When asked how much money a person needs to be wealthy the magic number is currently about $2 million. But many people who have far less than that say they already feel wealthy today, for other reasons. So what's the catch? According to a Charles Schwab survey, there's more to "wealth" than a dollar sign. Earlier this year, Schwab conducted its seventh annual Modern Wealth Survey. It took place in early March with about 1,000 participants. While all those people suggested an average $2.2 million to be wealthy, almost half of them said they feel wealthy with just $560,000 because of other non-financial assets... ...If you're not a member, please take a moment to sign up. It's free and will help guide you toward the kind of financial freedom that you need to reach your goals. Just go to newsforinvestors.com. You'll also find a link in the show notes for the Charles Schwab story. And don't forget to subscribe to this podcast and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://pressroom.aboutschwab.com/press-releases/press-release/2023/Schwabs-Modern-Wealth-Survey-Reveals-Nearly-Half-of-Americans-Feel-WealthyBut-With-a-Twist-They-Dont-Measure-It-in-Dollars--Cents/default.aspx

In this Real Estate News Brief for the week ending November 25th, 2023... you'll find out why many Americans are choosing to rent, why apartment landlords are offering more concessions, and a trend reversal for home size. We begin this episode with a few economic reports that were released before the Thanksgiving holiday on Thursday. The weekly unemployment report shows a drop in the number of people filing for benefits. New jobless claims were down 24,000 to a total of 209,000. It was the first time in eight weeks that initial claims were down. The number of ongoing claims also fell slightly to 1.84 million. As MarketWatch reports, the job market remains strong in spite of the Federal Reserve's efforts to slow down the economy by increasing the cost of money through higher interest rates. This supports the belief that rates will be higher for longer, at least until initial jobless claims increase substantially... ...That's it for today. You can get more details on these stories by following links in the show notes at newsforinvestors.com. You can also join RealWealth while you are there, and get access to information about real estate investing, including sample rental properties you could buy to create a portfolio of passive income. Please check under the Learn tab for links to webinars, articles, and past podcast episodes. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/jobless-claims-drop-to-five-week-low-of-209-000-1cfbd384?mod=economy-politics 2 - https://www.marketwatch.com/story/u-s-existing-home-sales-drop-in-october-to-lowest-level-since-2010-d9bac5b8?mod=economy-politics 3 - https://www.marketwatch.com/story/consumer-sentiment-improves-but-americans-still-worried-about-inflation-f2f5b2a8?mod=economic-report 4 - https://www.freddiemac.com/pmms 5 - https://www.wsj.com/economy/housing/houses-too-expensive-to-buy-underpin-lofty-rents-411c145f?mod=hp_lista_pos2 6 - https://markets.businessinsider.com/news/stocks/housing-market-supply-renters-concessions-perks-construction-inventory-home-multifamily-2023-11?_gl=1*lla9po*_ga*Nzc5Njc0NDkyLjE2NzU2OTg1NDA.*_ga_E21CV80ZCZ*MTcwMDUxNjg5NS45NS4xLjE3MDA1MTY5MzkuMTYuMC4w 7 - https://eyeonhousing.org/2023/11/home-size-trending-lower/

In this Real Estate News Brief for the week ending November 18th, 2023... you'll hear about two great inflation reports, a big tax break for Texas property owners, and the latest on the former 4% withdrawal rule for retirees. We begin with economic news and two great inflation reports from this past week. The government released the latest CPI and PPI reports for October. The Consumer Price Index was "flat" for the month and that brought the annual rate of inflation down from 3.7% to 3.2%. When you strip away prices for food and fuel for the core rate, the numbers still suggest inflation stickiness. The core rate was up .2% with a slight decrease in the annual rate. It's now at 4%. But, it's a soft inflation reading overall... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast and leave a review. You can also learn more about creating a portfolio of rental properties by signing up for a free RealWealth membership at newsforinvestors.com. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/inflation-flat-in-october-thanks-to-cheaper-gas-cpi-finds-58d3d13d 2 - https://www.cnbc.com/2023/11/15/wholesale-prices-fell-0point5percent-in-october-for-biggest-monthly-drop-since-april-2020.html 3 - https://www.marketwatch.com/story/jobless-claims-climb-to-three-month-high-of-231-000-in-sign-labor-market-is-cooling-98cd8771?mod=economic-report 4 - https://www.marketwatch.com/story/u-s-housing-starts-rise-for-the-second-straight-month-80f18869?mod=search_headline 5 - https://www.marketwatch.com/story/builder-confidence-index-falls-for-the-fourth-month-in-a-row-1b2404e6?mod=economic-report 6 - https://www.freddiemac.com/pmms 7 - https://www.texastribune.org/2023/11/07/texas-proposition-4-property-tax-cut/ 8 - https://www.investmentnews.com/the-4-rule-is-back-but-its-not-really-a-rule-245671

Buying a new home might get you a nice interest rate from a builder offering buydowns, but what about the purchase of an existing home? If you find the right deal and a seller who has financial flexibility, you might be able to negotiate seller financing at a lower interest rate. It's a strategy that has been more common among investors, but some realtors say they are seeing more of these deals as buyers try to lower their monthly mortgage payments... ...You'll find links on this topic in the show notes at newsforinvestors.com. You can also learn more about creative financing and real estate investing as a RealWealth member. It's free to sign up. Just hit the "Join Now" button. Members get full access to our website with educational information on the housing market and real estate investing. You'll also have access to property teams and other real estate professionals including our experienced investment counselors. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: https://apple.news/AM2caC_R_TjOmZ7UaHCmmUQ https://www.wsj.com/articles/seller-financing-to-avoid-high-mortgage-rates-cd93d705 https://www.bankrate.com/mortgages/owner-financing/ https://www.marketwatch.com/story/seller-financing-can-help-home-buyers-pay-their-mortgages-whats-the-catch-8179248b

In this Real Estate News Brief for the week ending November 11th, 2023... how many home buyers are lowering their payments, what the IRS will let you contribute to your retirement accounts in 2024, and the new IRS tax brackets that are going higher thanks to inflation... ...If you'd like to know more about how to buy rental properties in today's tough market, please sign up for a free RealWealth membership. It's quick and easy to sign up and will give you complete access to our website where you'll find webinars, rental market data, sample properties, and our experienced investment counselors who can answer your questions for free. For links go to the show notes at www.newsforinvestors.com. That's it for today! Thanks for listening. Please subscribe to the podcast and leave a review! -Kathy Fettke Links: 1 - https://www.cnbc.com/2023/11/09/powell-says-fed-is-not-confident-it-has-done-enough-to-bring-inflation-down.html 2 - https://www.marketwatch.com/story/jobless-claims-dip-to-217-000-and-point-to-sturdy-u-s-labor-market-9ad70933?mod=mw_latestnews 3 - https://www.freddiemac.com/pmms 4 - https://www.housingwire.com/articles/housing-authorities-and-lenders-added-54-homebuyer-assistance-programs-in-q3-report/?utm_medium=email&_hsmi=282068044&_hsenc=p2ANqtz-8vPodjPBNdZd_YGzQBWoaLeAENtSiTO6rnmbvdsCxQ2_DjHBL1ighODWvxnH_JFWNDfp2XBPb_BKHOLdGOSrMgZ_KmxQ&utm_content=282068044&utm_source=hs_email 5 - https://www.cnbc.com/2023/11/01/irs-401k-ira-contribution-limits-for-2024.html 6 - https://www.cnbc.com/2023/11/09/irs-here-are-the-new-income-tax-brackets-for-2024.html

In this Real Estate News Brief for the week ending November 4th, 2023... where the Fed stands on short-term rates, what the Fed is expected to do next, and how mortgage rates are creating an economic "ripple effect." We begin with economic news from this past week. The headline event was the Fed's monetary policy meeting. As many economists expected, Fed officials kept the short-term Federal Funds rate unchanged at 5.25% to 5.5%. That's a 22-year high. Fed Chief Jerome Powell said that he expects the economy to soften in the coming months which will help lower inflation. And he appeared to suggest in his comments that the rate-hiking cycle is over although further rate hikes haven't been ruled out... ...That's it for today. If you want to read more about these topics, check for links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! We always invite you to join RealWealth as well. It's free to join and can help launch you on a path to financial freedom by investing in single-family and small multi-family rentals. Just go to newsforinvestors.com to sign up. Links: 1 - https://www.marketwatch.com/story/fed-holds-interest-rates-steady-keeps-further-hikes-on-the-table-4cf1e8c3?mod=economy-politics 2 - https://www.cnbc.com/2023/11/01/fed-meeting-today-live-updates-on-november-fed-rate-decision.html 3 - https://www.marketwatch.com/story/jobless-claims-climb-to-7-week-high-of-217-000-but-layoffs-still-quite-low-0e078397?mod=economy-politics 4 - https://www.marketwatch.com/story/job-openings-creep-up-to-9-6-million-still-lots-of-demand-for-labor-7771c66a?mod=economy-politics 5 - https://www.marketwatch.com/story/jobs-report-shows-150-000-new-jobs-in-october-labor-market-cools-448187ac 6 - https://www.marketwatch.com/story/u-s-home-prices-rose-for-the-sixth-month-in-a-row-case-shiller-says-2060f19b?mod=home-page 7 - https://www.marketwatch.com/story/u-s-construction-spending-rises-for-the-ninth-month-in-a-row-in-september-b442a7a6?mod=search_headline 8 - https://www.freddiemac.com/pmms 9 - https://www.marketwatch.com/story/demand-for-adjustable-rate-mortgages-jump-10-as-mortgage-rates-stay-stubbornly-high-74d9bc7a?mod=u.s.-economic-calendar 10 - https://www.bisnow.com/national/news/commercial-real-estate/as-decades-high-mortgage-rates-quash-home-sales-a-domino-effect-for-the-us-economy-121307 11 - https://www.zillow.com/research/years-to-profit-33215/

Many investors are wondering what the most worrisome near-term risks are in today's economy. Twenty-five of the nation's most informed professionals have offered their opinions in a survey by the Federal Reserve Bank of New York. There are a number of risk factors that made the list, but, unsurprisingly, inflation and the possibility of more rate hikes that could trigger a recession continue to be a top concern. The survey was taken a few weeks ago, from August 10th through October 4th. Among the people providing their opinions were brokers, analysts, academics, researchers, advisory professionals, and investment fund managers. Their responses indicate that persistent inflation and the Fed's monetary tightening policy is at the top of the list because there's a chance that further rate increases could trigger a recession... ...The full report has much more information. If you'd like to check it out, look for a link in the show notes at newsforinvestors.com. As always, we invite you to sign up for a free RealWealth membership, if you haven't already. Members get full access to our website with educational information on the housing market and real estate investing. You'll also have access to property teams and other real estate professionals including our experienced investment counselors. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - /https://www.federalreserve.gov/publications/files/financial-stability-report-20231020.pdf 2 - https://www.insurancejournal.com/news/national/2023/10/23/745153.htm

NAR plans to appeal a verdict in a case that many say will weaken the association's grip on the real estate industry. NAR and several other defendants were convicted of conspiring to keep brokerage commissions artificially high. Many industry experts are now speculating on how this will change the way homes are bought and sold. But NAR said in a news release that this case is far from over. The class-action lawsuit included more than 260,000 people who sold homes in Missouri, Kansas, and Illinois between 2015 and 2022. They objected to the commissions sellers were required to pay for agents on both sides of the deal. The fee is typically 5 or 6% of the sales price with the seller's agent handing over half of that fee to the buyer's agent. Many of the rules for this process are imposed by NAR. After a two week trial in Kansas City, Missouri, the jury handed over a guilty verdict against NAR, Keller Williams, and HomeServices of America along with two of its subsidiaries. The judge also slapped them with $1.8 billion in damages which could be tripled under U.S. antitrust laws. Re/Max and Anywhere Real Estate were part of the lawsuit as well, but they settled with plaintiffs earlier this year. Those settlements included a combined $138 million damage award and an agreement that they would no longer require NAR membership for their agents... ...You'll find NAR's statement, and articles on the lawsuit in the show notes for this podcast at newsforinvestors.com. Please remember to subscribe to this podcast, and join RealWealth for free for more information on how you can invest in wealth-building rental properties in markets across the nation. Thanks for listening! Kathy Fettke Links: https://www.reuters.com/legal/missouri-jury-hits-nar-real-estate-companies-with-18-bln-damages-2023-10-31/ https://www.wsj.com/finance/investing/the-way-you-pay-to-buy-or-sell-a-home-is-about-to-change-4e1a4fbc https://www.nar.realtor/breaking-news/update-in-case-of-burnett-v-nar-et-al

In this Real Estate News Brief for the week ending October 28th, 2023... inflation is still simmering, homebuyers come on strong in September, and the "Survive to 2025" mess from one real estate group. We begin with economic news from this past week that was highlighted by a report on inflation. The Personal Consumption Expenditures price index, or PCE, rose more than expected in September. The government reported a .4% increase which translates into an annual rate of 3.4%. That's still uncomfortably higher than the Fed's 2% target. The core rate was up .3% for an annual rate of 3.7%. The core rate omits prices for food and fuel, which can be volatile. The PCE is the Fed's preferred inflation tracker and is sure to be discussed during the Fed's next policy meeting. MarketWatch reports that economists and investors are predicting that the Fed will "not" increase rates this time around... ...That's it for today. You'll find links to the full articles in the show notes at newsforinvestors.com. If you want to learn more about the real estate market, buying rentals, and becoming job optional, please sign up for a free RealWealth membership. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/inflation-rises-faster-than-fed-feds-preferred-pce-price-tracker-shows-ac66d186?mod=economy-politics 2 - https://www.marketwatch.com/story/gdp-jumps-4-9-as-the-u-s-economy-speeds-up-dcffe349?mod=livecoverage_web 3 - https://www.marketwatch.com/story/jobless-claims-rise-slightly-remain-in-ultra-low-territory-a27b860e?mod=livecoverage_web 4 - https://www.marketwatch.com/story/u-s-new-homes-sales-rebound-in-september-surging-12-3-66075afb?mod=economy-politics 5 - https://www.marketwatch.com/story/pending-home-sales-stay-near-record-low-despite-modest-pickup-in-september-2f04f497?mod=mw_latestnews 6 - https://www.freddiemac.com/pmms 7 - https://eyeonhousing.org/2023/10/housing-demand-caught-between-high-rates-demographics/ 8 - https://www.bisnow.com/national/news/capital-markets/near-9-in-10-cmbs-office-loans-default-in-september-121332 9 - https://www.globest.com/2023/10/25/advice-for-property-owners-survive-to-2025/

In this Real Estate News Brief for the week ending October 21st, 2023... the mortgage rate milestone we didn't want to see, proof that the laws of supply and demand are functioning in the housing market, and why five million U.S. homes are vacant in the midst of a housing crunch. We begin with economic news from this past week. Federal Reserve Chairman Jerome Powell spoke at the Economic Club of New York and said that inflation is still too high. But he acknowledged progress and says it's still too early to know how the rate hikes will fully impact the economy. He didn't say whether he was leaning toward the need for more rate hikes, but he did suggest they were possible. He says that officials will be keeping an eye on incoming inflation data but some analysts are speculating that we won't see a new rate hike in November, and the chance of a rate hike in December is not that likely... ...That's it for today. We'll post links in the show notes to the original articles at newsforinvestors.com. You can also join RealWealth to find out more about housing issues and real estate investing. It's free to join. And don't forget to subscribe to this podcast! Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2023/10/19/powell-says-inflation-is-still-too-high-and-lower-economic-growth-is-likely-needed-to-bring-it-down.html 2 - https://www.cnbc.com/2023/10/18/30-year-fixed-mortgage-rate-just-hit-8percent-for-the-first-time-since-2000.html 3 - https://www.marketwatch.com/story/30-year-treasury-rate-briefly-pierces-5-amid-upward-revisions-to-u-s-economic-growth-4446456c 4 - https://www.marketwatch.com/story/jobless-claims-fall-to-nine-month-low-of-198-000-937baf54?mod=economy-politics 5 - https://www.marketwatch.com/story/u-s-home-sales-fell-in-september-to-the-lowest-level-since-the-great-recession-b7d29abf?mod=economy-politics 6 - https://www.marketwatch.com/story/housing-starts-rebound-in-september-after-sharp-drop-in-prior-month-9c78b9c1?mod=economic-report 7 - https://www.businessinsider.com/apartment-rent-decline-oakland-california-housing-shortage-crisis-solution-2023-10 8 - https://therealdeal.com/national/2023/10/08/millions-of-homes-are-vacant-despite-squeezed-u-s-housing-market/

A new law in California is building on the ADU movement, by allowing homeowners to "sell" their ADUs as condos. The law was one of dozens signed by Governor Gavin Newsom in early October to boost the state's housing supply. This law will give homeowners an opportunity to create wealth from the sale of the ADU, and buyers the opportunity to own more affordable homes. California Assemblyman Phil Ting of San Francisco drafted AB 1033 to increase homeownership in a state that has grown too expensive for most buyers. Cities must "opt in" to this plan for the law to apply, but for those that do, property owners will be able to sell their ADUs, separately from their primary homes, as condominiums... That's it for today. You'll find a link to the LA Times article in the show notes at newsforinvestors.com. If you'd like to know more about how to buy and sell real estate, please sign up for a free RealWealth membership by clicking on the Join for Free button at our website. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.latimes.com/california/story/2023-10-14/a-new-law-allows-homeowner-to-sell-adus-like-condos-boosting-homeownership-heres-how-ab-1033-works 2 - https://therealdeal.com/sanfrancisco/2023/10/16/newsom-signs-bills-to-spur-homebuilding-in-state/

You might a surge in the number of renters becoming roomies to share the high cost of rent, but a new study shows the opposite. A study by RentCafe shows a significant increase in tenants renting alone, the generations that are driving the surge, the cities they are choosing to live in, and how much extra income they need to go it alone. According to RentCafe, the number of solo renters in the U.S. was up 6.7% to 16.7 million people between the years 2016 and 2021. That's about one million additional people renting alone. RentCafe says the biggest increase occurred in 2020, during the pandemic, when people were isolating themselves from Covid. During 2020, the solo renting phenomenon peaked at 17.7 million people, and then backed down somewhat... ...You can check all those statistics by following a link to the RentCafe article in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership at our website to learn more about becoming a landlord in places where it's more affordable to own rental properties than California. And please don't forget to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.rentcafe.com/blog/rental-market/market-snapshots/nearly-17-million-americans-renting-alone-salt-lake-city-saw-highest-surge/

In this Real Estate News Brief for the week ending October 13th, 2023... two September inflation reports, a big jump in the rent-to-income ratio, and the 2024 COLA for Social Security recipients. We begin with economic news from this past week. Two inflation reports are among the headlines. The Consumer Price Index, or CPI, was hotter-than-expected, mostly due to rising shelter costs and gas prices. The Labor Department reported a .4% increase in September. That's down from a .6% increase in August. The annual rate remained the same at 3.7%. The core rate omits food and energy, and was up.3% which is what economists had predicted. The annual core rate came down a bit from 4.3% to 4.1% which also met expectations... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! If you'd like to know more about how to build wealth that will last you a lifetime, please hit the "join now" button and become a member. It's free to join and free to access all the data we have on our website. You'll find hundreds of webinars, articles, and resources that can help get you started. That includes a free session with an investment counselor who can answer your questions. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/headline-consumer-inflation-hotter-in-september-than-forecast-on-higher-shelter-costs-4074308a?mod=mw_latestnews 2 - https://www.marketwatch.com/story/headline-ppi-hits-2-2-over-past-year-ending-in-september-highest-in-five-months-ab274fc0?mod=search_headline 3 - https://www.marketwatch.com/story/feds-collins-says-rise-in-bond-yields-could-reduce-the-need-for-further-interest-rate-hikes-9a04a9ea?mod=economy-politics 4 - https://www.cnbc.com/2023/09/26/dimon-warns-that-fed-could-still-lift-interest-rates-sharply-from-here.html 5 - https://www.cnbc.com/2023/10/13/jpmorgan-chase-ceo-jamie-dimon-warns-this-is-the-most-dangerous-time-for-the-world-in-decades.html 6 - https://www.freddiemac.com/pmms 7 - https://www.corelogic.com/intelligence/us-rent-affordability-drops-lowest-level-decades/ 8 - https://www.marketwatch.com/story/social-securitys-cola-will-rise-3-2-in-2024-vs-8-7-in-2023-b7fc6ad7?mod=search_headline 9 - https://www.cnbc.com/2023/10/02/more-than-40percent-of-labor-force-to-be-impacted-by-ai-in-three-years-morgan-stanley-forecasts.html

In this Real Estate News Brief for the week ending October 7th, 2023… what's driving mortgage rate volatility, what the housing industry wants from the Fed, and why brokers are severing ties with the National Association of Realtors. As for economic news for the last week… The Treasury yield has been on a bit of an upward trend and hit 4.80% last week. That's a 16-year high and bad news for mortgage rates because high Treasury yields translate into higher mortgage rates. But since I'm a little late getting this episode together after our jam-packed weekend, the update as of Tuesday October 10th is that Treasury yields have fallen a bit due a rush into government bonds. As reported by MarketWatch, investors were nervous about the economic impact of the Israel-Hamas war. I won't go into details, but lower Treasury yields brought mortgage rates back down a bit. The Mortgage Bankers Association listed the average 30-year fixed-rate mortgage as 7.62% on Tuesday, October 10th... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! If you'd like to know more about how to buy real estate for investment purposes, come to our next live event! You can also sign up for a free membership at RealWealth.com. It'll take you a minute and give you complete access to our website. That includes hundreds of webinars, information on different rental markets, sample properties, and a free session with one of our investment counselors. Thanks for listening! Kathy Fettke Links: 1 - https://www.cnbc.com/2023/10/03/us-treasury-yields-investors-weigh-economic-outlook.html 2 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-207-000-but-no-sign-of-rising-u-s-layoffs-1bd95457?mod=economy-politics 3 - https://www.marketwatch.com/story/u-s-gains-strong-336-000-new-jobs-labor-market-is-still-hot-189e68c9?mod=economy-politics 4 - https://www.marketwatch.com/story/job-openings-jump-to-9-6-million-labor-market-still-strong-ea1cfcfd?mod=economic-report 5 - https://www.marketwatch.com/story/u-s-construction-spending-rises-for-the-eighth-straight-month-in-august-f0c28a9d?mod=economic-report 6 - https://www.cnbc.com/2023/10/10/housing-industry-urges-powell-and-fed-to-stop-raising-interest-rates.html 7 - https://www.redfin.com/news/redfin-is-leaving-nar/

The Supreme Court has said "no" to a New York rent control case that could have influenced rent control laws across the country. Two landlord groups had hoped the high court would void a law approved in 2019 on the grounds that it contributes to an unconstitutional taking of property. The lawsuit had the backing of other real estate organizations, but the lower courts ruled that states have the right to regulate the relationship between landlords and tenants, and that's the way the law currently stands... ...That's it for today. For more information on this topic, check for links in the show notes at newsforinvestors.com. You can also sign up for a free RealWealth membership at our website to learn more about the world of real estate, and how to build a cash-flowing portfolio of rental properties. And please don't forget to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.bisnow.com/national/news/multifamily/supreme-court-rent-control-120891 2 - https://www.nyc.gov/content/tenantprotection/pages/new-protections-for-rent-regulated-tenants

In this Real Estate News Brief for the week ending September 30th, 2023... what the Fed's favorite inflation gauge says about August, how U.S. real estate values are setting new records, and why the typical American can't afford to buy a home in 99% of the nation. We begin with economic news from this past week that ended with a last minute scramble to avoid a government shutdown. Congress passed a stopgap funding measure with just minutes to spare. That extends the current deadline for another 45 days and gives lawmakers time to hammer out their differences... ...For many consumers, housing affordability has gotten so bad that the typical American cannot afford to buy a home in 99% of the nation. Real estate data firm ATTOM analyzed median home prices over the last year in 575 U.S. counties, and determined that homes became unaffordable when buyers had to pay more than 28% of their paycheck for the home. If you include insurance and property tax, the buyer would need to devote 35% or more to that home, and that's not something that everyone can do. That's it for today. You can read more about these stories by following links in the show notes at newsforinvestors.com. You can also sign up as a RealWealth member for free, to find out how to build wealth through real estate. Membership will give you complete access to our website, the data we have compiled for various rental real estate markets, sample properties, our investment counselors, and much more. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/embattled-speaker-mccarthy-tries-new-45-day-funding-tactic-to-avoid-government-shutdown-be5b0e30?mod=home-page 2 - https://www.marketwatch.com/story/inflation-speeds-up-due-to-higher-gas-prices-pce-finds-but-theres-good-news-too-4370a0a6?mod=economy-politics 3 - https://www.calculatedriskblog.com/2023/09/pce-measure-of-shelter-slows-to-74-yoy.html 4 - https://www.marketwatch.com/story/u-s-home-prices-rose-in-july-case-shiller-says-ab106b17?mod=economic-report 5 - https://www.marketwatch.com/story/u-s-new-home-sales-fall-8-7-in-august-amid-high-mortgage-rates-aaf43173?mod=economic-report 6 - https://www.marketwatch.com/story/contract-signings-for-u-s-homes-dropped-sharply-in-august-amid-high-rates-and-sparse-listings-8351c1b8?mod=economic-report 7 - https://www.freddiemac.com/pmms 8 - https://www.nbcnews.com/business/consumer/baby-boomers-cash-are-driving-housing-market-right-now-rcna92905 9 - https://www.zillow.com/research/total-market-value-2023-33031/ 10 - https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices/

It was one year ago that New York Attorney General Letitia James filed a $250 million lawsuit against former president Donald Trump, accusing him of fraudulent business practices. Just this week, a New York judge has ruled that Trump is guilty of fraud in the building of his massive real estate empire. The judge claims that the he inflated the value of his assets and his own net worth as he negotiated real estate deals and asked for bank loans. The case will still be heard in court, but if this ruling sticks, it could have major implications for Trump's financial world and a huge lesson for any investor who might consider adding a few zeros onto an asset valuation. Judge Arthur Engoron issued the ruling on Tuesday, September 26th. It comes in conjunction with a lawsuit against Trump by New York Attorney General Letitia James. The lawsuit claims that Trump and several of his family members committed "numerous acts of fraud and misrepresentation" and that Trump "inflated his net worth by billions of dollars." $2.2 billion to be exact. The lawsuit also named Donald Jr., Ivanka, and Eric as defendants. James said: "Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to pay lower taxes, to satisfy continuing loan agreements, and to induce insurance companies to provide insurance coverage for higher limits and at lower premiums." In one instance, they falsely inflated the total square footage of a commercial building by 300 percent, the ruling concluded... ...Engoron has directed Trump to begin the process of dissolving the companies held in his name. Meanwhile, an appeals court rejected Trump's bid to delay the civil trial, allowing the case to proceed. This decision, by the state's intermediate appellate court, clears the way for Engoron to preside over a non-jury trial starting Monday in Manhattan. James alleges Trump boosted his net worth by as much as $3.6 billion. Battling lawsuits is not new to the former president. In 2017, Trump agreed to pay $25 million to settle fraud allegations linked to "Trump University." In 2019, he agreed to pay $2 million to settle charges that he used charitable funds to pay for his political operations. and last December, Trump's company was found guilty of 17 counts of criminal fraud for falsifying business records. This legal battle is not over. However, according to NPR, Trump could be forced to liquidate assets. Experts told NPR the legal threat to Trump now comes as follows: First, Trump's entire New York business operation, now deemed fraudulent, could be turned over to a receiver who would effectively take control of the firms and liquidate them at a public auction. Second, Trump and other defendants could be required to pay a $250 million fine which may require selling assets. Third, Trump and his associates including Donald Trump Jr. and Eric Trump, could be permanently banned from doing business in New York state, where many of the family's most significant assets are located. That's it for today. You can listen to past episodes and check for links to our sources for these stories at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there to learn more about how and where to invest in real estate, without making false claims! And please remember to subscribe to this podcast, and leave a review! Links: 1 - https://www.foxnews.com/politics/new-york-judge-rules-trump-judge-rules-trump-committed-fraud-while-building-real-estate-empire 2 - https://www.foxnews.com/politics/new-york-ag-sues-trump-fraud-allegations 3 - https://www.theguardian.com/us-news/2023/sep/27/trump-new-york-real-estate-reaction-fraud 4 - https://www.theguardian.com/us-news/2023/sep/26/donald-trump-new-york-financial-fraud-key-takeaways