Real Estate News: Real Estate Investing Podcast

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

In this Real Estate News Brief for the week ending September 23rd, 2023... the Fed's forecast on inflation, future rate hikes and the GDP, why remote work is good for the environment, and calls for a major shake-up at NAR. We begin with economic news from this past week and a message from Fed Chief Jerome Powell. He announced the result of the committee's September meeting, saying there would be no rate hike at this time, but a majority of Fed officials expect the need for one more quarter-point hike this year. The range is currently 5.25% to 5.5%. 12 Fed officials foresee another hike while seven don't see them going any higher. Only "one" Fed official expects the need to raise rates above 6% next year... ...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 creating a financial safety net with real estate, please sign up for a free RealWealth membership. It'll take just a minute to sign up and will give you complete access to our website. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/fed-skips-september-rate-hike-doesnt-rule-out-november-rise-38887479?mod=federal-reserve 2 - https://www.cnbc.com/2023/09/20/fed-signals-it-will-raise-rates-one-more-time-this-year-before-it-ends-hiking-campaign.html 3 - https://www.marketwatch.com/story/jobless-claims-fall-to-8-month-low-of-201-000-c593f45f?mod=economy-politics 4 - https://www.marketwatch.com/story/home-sales-fall-in-august-to-the-lowest-level-in-nine-months-ede3e35f?mod=economic-report 5 - https://www.marketwatch.com/story/u-s-housing-starts-drops-to-lowest-level-since-june-2020-daac45 6 - https://www.marketwatch.com/story/builder-confidence-index-falls-to-five-month-low-amid-high-mortgage-rates-6d3a2572?mod=economy-politics 7 - https://www.freddiemac.com/pmms 8 - https://gizmodo.com/working-remotely-could-cut-worker-emissions-in-half-1850853923 9 - https://therealdeal.com/national/2023/09/19/nar-staffers-call-for-leadership-overhaul-amid-controversy/

The market for existing homes is so tight that even the big landlords are having a tough time finding them, but the new rental real estate playbook is all about build-to-rent homes. It's no secret that renters want the single-family lifestyle, and builders are pumping tens of thousands of new rental homes into the market, with the biggest BTR boom in the South from Texas to Florida. According to stats from RealPage, more than 104-thousand BTR units are under construction across the nation right now. As of September of this year, more than 61,200 of them are in the Southeast section of the US , about 28-thousand five-hundred are in the Western half of the US, almost 13-thousand are in the Central states, and close to 17-hundred are in the Northeast. The RealPage definition of single-family includes fully detached, semi-detached, row homes, duplexes, quadruplexes, and townhomes... At RealWealth, we recently launched a new build-to-rent fund for investors over the Texas border in Oklahoma. It's a pre-boom area that has all the right features for a desirable and growing residential location. It's near main highways, close to large employers, and is just 12 miles from Gainesville, Texas. That's in an area north of Dallas which has been expanding rapidly as a major technology hub. We've already started purchasing new fourplexes with built-in equity for the fund, and we've contracted with a builder for a total of 10 fourplexes over the next two years. My fund partner, Leah, was born and raised in the area, and has witnessed the growth patterns in vast undeveloped areas that are now bustling cities. She is currently focused on Thackerville near the Oklahoma-Texas border because it's in desperate need of housing and so close to booming job growth. At the time of the interview she said there was only one rental on the market and just 11 homes for sale. If you'd like to check on all the build-to-rent stats mentioned in this podcast, check for links in the show notes at newsforinvestors.com. You can find out more about our rental fund at growdevelopments.com. My partner Leah also provided a lot of information about why she thinks this area is ready to blast off on a recent Real Wealth Show with the title: "The Nearby Texas Market that's Poised to Blast Off!" RealWealth can help you create a financial safety net with real estate. It's free to join and gain complete access to all our data and resources. And please remember to subscribe to this podcast and leave a review! That's it for today! Thanks for listening. Kathy Fettke Links: 1 - https://www.realpage.com/analytics/btr-by-region/ 2 - https://squaremile.com/property/development-resident-experience-investor-returns/ 3 - https://growdevelopments.com/

In this Real Estate News Brief for the week ending September 16th, 2023... two more reports on inflation just ahead of this week's Fed meeting, single-family versus multi-family rent growth, and why two background check companies were fined $5.8 million. We begin with economic news from this past week and another round of inflation reports for the month of August. The Consumer Price Index showed an increase in overall inflation but a drop in the core rate which eliminates pricing for energy and food. The overall CPI rose an unexpected .6%, mostly due to a surge in energy prices. That brought the yearly rate up from 3.2% to 3.7%. But when you strip the numbers down to the core rate, inflation was only up .2% and that small increase lowered the annual core rate from 4.7% to 4.3%... ...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 rental real estate, make sure you are a RealWealth member. It's free to join and will give you access to all our data on various rental markets along with hundreds of webinars, our experienced investment counselors, more than a dozen property teams, and lots of great ideas about how to get from point A to B in your wealth-building journey! Thanks for listening! Kathy Fettke Links: Kathy's Instagram: https://www.instagram.com/kathyfettke/ Kathy's audiobook on Audible: https://tinyurl.com/retirerichaudible 1 - https://www.marketwatch.com/story/cpi-shows-biggest-increase-in-inflation-in-14-months-efec35e1?mod=economy-politics 2 - https://www.cnbc.com/2023/09/14/ppi-inflation-report-august-2023-.html 3 - https://www.marketwatch.com/story/when-will-inflation-cool-to-the-feds-2-target-by-late-next-year-says-jp-morgan-strategist-bd6f1c25?mod=mw_quote_news 4 - https://www.marketwatch.com/story/u-s-4-week-average-of-jobless-claims-drops-to-lowest-level-in-seven-months-672e01a9?mod=economic-report 5 - https://www.freddiemac.com/pmms 6 - https://www.apartmentlist.com/research/rents-are-falling-slower-in-the-suburbs 7 - https://www.corelogic.com/intelligence/annual-rent-growth-slows-again-june/ 8 - https://www.ftc.gov/news-events/news/press-releases/2023/09/ftc-says-truthfinder-instant-checkmate-deceived-users-about-background-report-accuracy-violated-fcra? 9 - https://www.nar.realtor/magazine/real-estate-news/commercial/new-tool-helps-hosts-calculate-short-term-rental-profit

The Australian real estate tycoon who became notorious for his comments about millennials wasting money on avocado toast, is making new waves with comments about employee attitudes. Tim Gurner spoke out at an Australian Financial Review conference and told his peers that they have to "kill" this feeling of superiority among employees and to do that, employees, and the economy in general, would need to feel some pain.... ...You'll find a link to the Fortune article in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! If you'd like to learn more about how to become your own boss through real estate investing, be sure to check out the RealWealth website, and sign up for free. Members will get complete access to all our information, resources, and experienced investment counselors, with no cost, and no obligation to buy anything. Links: 1 - https://fortune.com/2023/09/13/australia-real-estate-ceo-tim-gurner-pain-in-economy-avocado-toast/

More big landlords and property managers are getting hauled into court over alleged rent-fixing. I recently reported on a lawsuit against RealPage and institutional landlords who use the company's YieldStar rent-setting platform. Now there are similar allegations against Yardi Systems and 18 property management companies. Seattle-based law firm Hagens Berman filed the lawsuit accusing Yardi and the property management firms of a scheme to fix apartment rents nationwide. The attorneys say that the companies used Yardi's RENTmaximizer tool to automatically raise rents so they wouldn't compete with each other. That eliminated the need for discounts and other move-in deals to entice tenants... ...You can read more about the Yardi lawsuit by following a link in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! You can find out more about the business of single-family rentals at RealWealth.com. Sign up for free and enjoy a wealth of information about how to find and manage rentals, without breaking any laws! That's it for today! Thanks for listening. Kathy Fettke Links: https://www.bisnow.com/national/news/multifamily/yardi-18-real-estate-firms-accused-of-rent-fixing-in-class-action-lawsuit-120603

In this Real Estate News Brief for the week ending September 9th, 2023... we'll tell you the mortgage rate buyers are waiting for, the homebuying expectations for millennials, and a new super low 1% down payment program. Economic News We begin with economic news from this past week, and comments from three Federal Reserve Bank Presidents about the possibility of more rate hikes. New York's Bank President, John Wiliams, spoke at a conference and said that monetary policy is in a good place right now with the desired effects. But, he says: "Going forward, we will have to keep watching the data… and asking ourselves the question 'is this sufficiently restrictive, do we need to maybe raise rates again?" He also says that worries about a recession have essentially vanished, although he expects the unemployment rate to hit 4% in the coming months. It's currently at 3.8%.... ...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, sign up for a free membership at RealWealth.com. It'll take just a minute to sign up and will give you complete access to our website. That includes hundreds of webinars, data on different rental markets, a curated list of real estate professionals and property teams, and access to our own experienced investment counselors. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/feds-williams-says-monetary-policy-is-in-a-good-place-recession-talk-has-vanished-270384ec 2 - https://www.marketwatch.com/amp/story/chicago-feds-goolsbee-suggests-central-bank-is-almost-done-raising-rates-bd88492e 3 - https://www.marketwatch.com/story/feds-logan-says-skipping-rate-hike-in-september-does-not-imply-stopping-61a077c 4 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-216-000-lowest-level-since-february-bfe4111f?mod=mw_latestnews 5 - https://www.freddiemac.com/pmms 6 - https://www.cnbc.com/2023/09/05/mortgage-rate-tipping-point-homeowners-say-5percent-is-the-magic-number.html 7 - https://www.redfin.com/news/gen-z-millennial-affordability-barrier-to-homeownership/ 8 - https://www.cnn.com/2023/08/25/homes/zillow-low-down-payment-loan/index.html

Are you thinking of buying land as a place to build your dream home or to own as an investment opportunity? With such a tight inventory of already-built homes, land sales are increasing across the country and so is a real estate scam known as title fraud. According to an attorney for the National Association of Realtors, title fraud has become a more popular tactic among real estate fraudsters than wire fraud. (1) We're seeing more and more headlines about land that's being sold without the property owner's knowledge, and warnings from various authorities and real estate professionals about title fraud. It's also being called "vacant land fraud" and "seller impersonation fraud" according to one story out of Nevada. (2) The Nevada Division of Insurance and the Nevada Real Estate Division have been warning residents about this kind of scam... ...You can read more about this topic and the precautions you can take to prevent it from happening 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. It'll take just a minute to sign up and will give you complete access to our website. That includes hundreds of webinars, data on different rental markets, a curated list of real estate professionals and property teams, and access to our own experienced investment counselors. Thanks for listening! Kathy Fettke Links: 1 - https://www.businessinsider.com/land-fraud-explained-how-properties-being-sold-from-under-people-2023-9 2 - https://www.fox5vegas.com/2023/08/31/nevada-warns-residents-increasingly-common-real-estate-scam/ 3 - https://www.reviewjournal.com/investigations/a-rising-fraud-scammers-are-selling-other-peoples-real-estate-2871438/ 4 - https://www.businessinsider.com/mans-arizona-lot-sold-for-200000-without-him-listing-it-2023-8

In this Real Estate News Brief for the week ending September 2nd, 2023... what the Fed's favorite inflation gauge is telling us about July, the home buying slowdown among investors, and plans for a brand-new bustling city in the San Francisco Bay Area. We begin with the Fed's preferred inflation gauge showing a slight uptick in July. The Personal Consumption Expenditure price index rose 3.3% compared to the previous year. That's up from 3% in June. The core rate which excludes food and fuel was also up from 4.1% in June to 4.2% in July. The report is fuel for the Fed's next meeting when officials will decide on whether to hike short-term rates once again... You can read more about these stories by following links in the show notes at newsforinvestors.com. While you are there, be sure to sign up for a free RealWealth membership. You can learn more about how and where it makes sense for you to invest. You can also look at sample rental properties, get your questions answered by experienced investment counselors, and connect with property teams and other real estate professionals. And please remember to subscribe to this podcast, and leave a review! Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.marketwatch.com/story/inflation-rate-rises-slightly-in-july-pce-finds-f496f493 2 - https://www.nytimes.com/2023/08/31/business/economy/fed-inflation-july.html 3 - https://www.reuters.com/markets/rates-bonds/feds-bostic-says-us-interest-rates-are-high-enough-2023-08-31/ 4 - https://www.reuters.com/markets/rates-bonds/feds-bostic-says-us-interest-rates-are-high-enough-2023-08-31/ 5 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-in-four-weeks-3b2da360 6 - https://www.marketwatch.com/story/u-s-creates-187-000-jobs-in-august-382df422?mod=economy-politics 7 - https://www.freddiemac.com/pmms 8 - https://www.redfin.com/news/investor-home-purchases-drop-q2-2023/ 9 - https://www.nytimes.com/2023/08/25/business/land-purchases-solano-county.html

Like any industry, there are plenty of stories within the real estate world about lawsuits, fraud, and scandalous behavior. Some of the latest headlines include the resignation of the president of the National Association of Realtors in the midst of a scandal, a huge class-action price-fixing lawsuit against RealPage and some of the nation's biggest landlords, and a real estate influencer in Philadelphia accused of swindling starry-eyed first-time real estate investors. I thought I'd dedicate this episode to those stories and a few others... If you'd like to learn more about real estate investing without breaking any laws, please sign up as a RealWealth member. Membership is free and will give you full access to our website and resources, including our property teams and our investment counselors. You can also catch up on any episodes you've missed and find links to our sources at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.cnn.com/2023/08/29/homes/nar-president-resigns/index.html 2 - https://therealdeal.com/national/2023/08/29/national-association-of-realtors-pocket-listing-suit-revived/ 3 - https://therealdeal.com/national/2023/08/20/philadelphia-real-estate-influencer-accused-of-fraud/ 4 - https://therealdeal.com/national/2023/08/20/philadelphia-real-estate-influencer-accused-of-fraud/ 5 - https://therealdeal.com/miami/2023/08/18/miami-realtor-sentenced-in-ppp-fraud-case/

In this Real Estate News Brief for the week ending August 26th, 2023… tough talk on inflation from the Fed Chief, when and why we might see a surge in home prices, and what Texas is doing to manage a booming economy north of Dallas. We begin with economic news from this past week and comments from Fed Chief Jerome Powell. He delivered the keynote address at the Kansas City Fed's annual retreat in Jackson Hole, Wyoming. He reiterated previous sentiments about making progress on inflation, but says it's still too high and the central bank plans to "keep at it until the job is done." He said: "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective" – which is 2%... ...The North Texas area is becoming a global technology hub as semiconductor companies move into the area. That's creating tens of thousands of jobs, and with all those jobs, a surge in housing demand. We are capitalizing on this opportunity at RealWealth with a North Dallas Rental Fund for accredited investors. You can find out more about this fund at growdevelopments.com. That's it for today. You can listen to past episodes and check for links to our news sources 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. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Follow Kathy on Instagram at: https://www.instagram.com/kathyfettke/ Purchase Kathy's audiobook on Audible at: https://tinyurl.com/retirerichaudible Links: 1 - https://www.marketwatch.com/story/powell-unsure-of-the-need-to-tighten-further-b43a9d18?mod=federal-reserve 2 - https://www.marketwatch.com/story/jobless-claims-drop-to-3-week-low-of-230-000-still-no-sign-of-rising-u-s-layoffs-1f1411f6?mod=economic-report 3 - https://www.marketwatch.com/story/u-s-home-sales-fall-in-july-as-rates-rise-and-listings-fall-33b79a54?mod=economic-report 4 - https://www.marketwatch.com/story/u-s-new-homes-sales-rise-4-4-in-july-533ab184?mod=economic-report 5 - https://www.freddiemac.com/pmms 6 - https://markets.businessinsider.com/news/commodities/housing-market-outlook-recession-home-prices-mortgage-rates-fannie-mae-2023-8 7 - https://finance.yahoo.com/news/house-prices-wont-fall-ndash-195516944.html 8 - https://www.rentcafe.com/blog/rental-market/market-snapshots/new-apartment-construction/ 9 - https://www.bizjournals.com/dallas/news/2023/08/18/txdot-greg-abbott-115-billion.html

Building a small rental unit on your property is a great way to create passive income, but housing experts say that accessory dwelling units, or ADUs, can also help solve the nation's housing crisis. And there are a growing number of states that are allowing them. Plus, three states are actually paying people to build them! California was the first to legalize ADUs back in 1982 The law allowed homeowners to build a second unit but local governments hampered the effort with restrictions. Some municipalities charged hefty "impact fees" or imposed complicated and expensive permitting requirements. There may have also been restrictions on renting the units if the owner didn't live on the property and problems qualifying for a loan to build an ADU... If you live in a place that allows ADU's, It's now time to check your yard for space to build an ADU that can bring you some passive income! You can also find out how to become a landlord at our RealWealth website. Membership is free! You can also catch up on any episodes you've missed at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening. I'm Kathy Fettke. Links: 1 - https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?utm_campaign=BMI&utm_medium=email&_hsmi=271469296&_hsenc=p2ANqtz-_-Hlar9T334pF3qolJt4tha6w2J6owC4q8dk-bEGPqJ1cu2FHzL0uPQKvYkVbr0EF1LiWvSP8vwxxXhrRyDCAbkgUURA&utm_content=271469296&utm_source=hs_email 2 - https://www.governing.com/community/the-role-of-adus-in-easing-americas-housing-crisis 3 - https://www.businessinsider.com/states-will-compensate-you-for-building-tiny-home-adu-2023-8?inline-endstory-related-recommendations= 4 - https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?utm_campaign=BMI&utm_medium=email&_hsmi=271469296&_hsenc=p2ANqtz-_-Hlar9T334pF3qolJt4tha6w2J6owC4q8dk-bEGPqJ1cu2FHzL0uPQKvYkVbr0EF1LiWvSP8vwxxXhrRyDCAbkgUURA&utm_content=271469296&utm_source=hs_email

In this Real Estate News Brief for the week ending August 19th, 2023... what economists say the Fed will do next, a new record high for U.S. home values, and the cities with the biggest need for new housing. We begin with the results of a poll among economists on whether the Fed is through with rate hikes. Reuters polled 110 economists for their opinion on what the Fed will do next. 90% of them believe the Fed will keep interest rates right where they are. About 80% don't think we'll see another rate hike for the rest of the year. And, a slight majority are anticipating a rate cut by March... Please sign up for free membership at our RealWealth website if you'd like to learn more about how and where to invest in real estate. You can also catch up on any episodes you've missed at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Links: 1 - https://www.reuters.com/markets/rates-bonds/fed-done-hiking-slim-majority-economists-say-no-rate-cut-through-march-2023-08-18/ 2 - https://www.cnbc.com/2023/08/16/fed-meeting-minutes-signal-coming-rate-moves.html 3 - https://www.marketwatch.com/story/jobless-claims-fall-11-000-to-239-000-layoffs-in-the-u-s-still-low-c9cd3418?mod=economic-report 4 - https://www.marketwatch.com/story/builder-confidence-falls-for-the-first-time-in-2023-despite-strong-u-s-home-buying-demand-f6b543e1?mod=economic-report 5 - https://www.marketwatch.com/story/builders-ramped-up-construction-of-new-homes-in-july-6d087590?mod=economy-politics 6 - https://www.freddiemac.com/pmms 7 - https://nationalmortgageprofessional.com/news/us-home-values-soar-record-468-trillion-amid-housing-shortage 8 - https://www.bloomberg.com/news/articles/2023-08-14/san-francisco-real-estate-declines-spur-property-tax-assessment-appeals 9 - https://finance.yahoo.com/news/housing-market-2023-4-cities-113007105.html

In addition to the tragic loss of lives in the Maui wildfire, residents and insurance companies are assessing property losses which are currently coming in at about $3.2 billion. But it won't just be Maui residents paying for this fire. Insurance companies will be raising rates for everyone to help cover their losses. As reported by Barron's, insurance companies won't have any problem paying claims for fire losses in Maui. The U.S. property and casualty industry is well-capitalized with about $980 billion at the end of last year. That's according to the Insurance Information Institute. The Institute's Janet Ruiz told Barron's: "The Hawaii insurance market is stable. Insurance companies are prepared to handle catastrophes." But analysts and industry experts say insurance companies are already raising rates as natural disasters cause more and more damage across the U.S. and the Maui wildfire will only reinforce this trend. Insurance companies will raise rates based on what they expect to pay out in the next few years... If you've missed some of our episodes, you can catch up at https://www.newsforinvestors.com. You can also hit the Join for Free button to become a RealWealth member. And please remember to hit the subscribe button, and leave a review! Links: 1 - https://www.barrons.com/amp/articles/maiu-hawaii-wildfire-homeowners-insurance-2fbc156 2 - https://www.nytimes.com/2023/08/11/us/maui-wildfires-housing.html 3 - https://www.washingtonpost.com/nation/2023/08/14/hawaii-housing-crisis-lahaina-homes-maui-fires/ 4 - https://www.newsweek.com/investors-calling-maui-wildfire-victims-buy-their-land-1819600 5 - https://www.nar.realtor/magazine/real-estate-news/realtors-give-1-5m-to-aid-maui-wildfire-recovery

In this Real Estate News Brief for the week ending August 12th, 2023... you'll hear what Fed officials are forecasting for housing inflation, why a New York judge tossed an Airbnb lawsuit, and the top ten cities for build-to-rent single-family homes. We begin with economic news from this past week that features two reports on inflation. The Labor Department reported that the Consumer Price Index was slightly higher in July than it was in June, although the reported figure for both months was .2%. The slight increase was enough to bring the yearly rate up a tiny bit, from 3% to 3.2%, but as MarketWatch reports, the fluctuation may not be enough to worry the Fed. The core rate, which eliminates prices for food and fuel, was also up .2% with an annual rate that was down slightly from 4.8% to 4.7%... If you've missed some of our episodes, you can catch up at https://www.newsforinvestors.com. And please remember to hit the subscribe button, and leave a review! You can also hit the Join for Free button to become a RealWealth member. As a member, you get access to our Investor Portal, where you'll be able to look at property pro-formas and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and others. Links: 1 - https://www.marketwatch.com/story/u-s-inflation-rate-creeps-back-up-cpi-shows-feds-fight-not-over-5f213049?mod=economy-politics 2 - https://www.bisnow.com/national/news/economy/rents-now-account-for-90-of-inflation-which-ticked-up-in-july-120172 3 - https://www.marketwatch.com/story/u-s-wholesale-prices-pick-up-in-july-ppi-shows-2a4dbfaf?mod=economy-politics 4 - https://www.marketwatch.com/story/fed-has-more-work-to-do-to-get-inflation-back-down-daly-says-1899e2cf 5 - https://www.marketwatch.com/story/u-s-jobless-claims-rise-to-highest-level-in-a-month-e2ec6929?mod=economy-politics 6 - https://www.freddiemac.com/pmms 7 - https://www.bisnow.com/new-york/news/hotel/airbnbs-lawsuit-challenging-new-yorks-restrictions-dismissed-by-judge-120161 8 - https://www.businessinsider.com/financial-execs-would-quit-if-mandated-back-to-office-2023-8 9 - https://www.globest.com/2023/08/11/here-is-where-the-most-build-to-rent-units-are/

In this Real Estate News Brief for the week ending August 5th, 2023... the government's debt rating get a downgrade, typical mortgage payment rises, and wind risk data is now available on a popular listing website. We begin with economic news from this past week that features a downgrade on U.S. government debt. The Fitch credit rating agency lowered the U.S. government's debt rating one notch, from AAA to AA+ saying the downgrade reflects "expected fiscal deterioration" that includes a rising amount of government debt and repeated problems with "governance" because of all the debt-ceiling battles in Congress... Please visit newsforinvestors.com to keep up with all the real estate news, and hit the "Join for Free" button to become a member of RealWealth. You'll get access to all our real estate data on markets that make sense for investors. And please remember to hit the subscribe button for this podcast, and leave a review! You can also follow me on instagram, and learn how to create financial freedom from my audiobook, Retire Rich with Rentals. Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.marketwatch.com/story/mortgage-rates-rise-as-fitch-downgrades-u-s-government-debt-6d049644 2 - https://www.marketwatch.com/story/the-u-s-debt-will-rise-by-more-than-5-billion-every-single-day-for-the-next-decade-775ed38d?mod=economy-politics 3 - https://www.marketwatch.com/story/warren-buffett-dismisses-fitch-downgrade-there-are-some-things-you-shouldnt-worry-about-f20a4482 4 - https://www.marketwatch.com/story/kashkari-says-fed-pulling-off-soft-landing-would-be-a-resounding-positive-outcome-77b581d3 5 - https://www.marketwatch.com/story/richmond-feds-barkin-says-inflation-remains-too-high-expects-economy-to-slow-f72776d4?mod=inflation 6 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-227-000-but-show-no-sign-of-rising-layoffs-bd103957?mod=economy-politics 7 - https://www.marketwatch.com/story/job-openings-in-the-u-s-little-changed-at-9-6-million-e2fe3eb9?mod=economy-politics 8 - https://www.marketwatch.com/story/u-s-adds-187-000-jobs-in-july-and-points-to-slowdown-in-hiring-f24ac81f?mod=home-page 9 - https://www.marketwatch.com/story/u-s-construction-spending-rises-in-june-6a4047a4?mod=economic-report 10 - https://www.freddiemac.com/pmms 11 - https://www.redfin.com/news/housing-market-update-monthly-mortgage-payments-near-record-high/ 12 - https://www.redfin.com/news/redfin-adds-wind-risk-data-for-u-s-homes/

The Federal government announced a plan to make it easier for builders to get new housing on the market. It's part of the Biden administration's Housing Supply Action Plan. This program, announced on July 27th, would reduce land use and zoning restrictions, increase financing for affordable energy efficient housing, and promote the conversion of under-used commercial space into homes. 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. The housing crisis is the result of an oversized demand for housing, a limited supply of affordable homes, and a whole lot of rules and regulations that make it difficult to build more homes. Each city and municipality has zoning rules and land use policies that lean toward low-density housing, like single-family detached homes... If you want to learn more about how you can use real estate to build wealth, hit the join for free button on our website. And please remember to hit the subscribe button, and leave a review! Links: 1 - https://www.bisnow.com/national/news/affordable-housing/biden-administration-rolls-out-plan-to-cut-zoning-and-land-use-red-tape-120000 2 - https://www.whitehouse.gov/briefing-room/statements-releases/2023/07/27/biden-harris-administration-announces-actions-to-lower-housing-costs-and-boost-supply/ 3 - https://www.whitehouse.gov/briefing-room/statements-releases/2023/01/25/fact-sheet-biden-harris-administration-announces-new-actions-to-protect-renters-and-promote-rental-affordability/ 4 - https://www.zillowgroup.com/news/a-rental-market-that-works-for-everyone/

In this Real Estate News Brief for the week ending July 29th, 2023… the Fed's latest rate hike, how the central bank's economic forecast has changed, and good news about the dreaded IRS "knock on the door." We begin with economic news from this past week and a Fed meeting that resulted in yet another rate hike. The Federal Reserve raised the benchmark rate a quarter point, to a range of 5.25% to 5.5%. That's the highest it's been in 22 years. In a news conference after the meeting, Fed Chief Jerome Powell said that inflation has moderated somewhat, but the 2% target is still a ways off. He wouldn't say whether Fed officials are leaning toward another rate hike in September. He said it would be a meeting-by-meeting data-driven decision... Please remember to hit the subscribe button, and leave a review! If you want to learn more about how you can become a wealth-building real estate investor, hit the join for free button on our website. Thanks for listening. I'm Kathy Fettke. Links: https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html?&qsearchterm=fed%20approved%20hike%20that%20takes https://www.marketwatch.com/story/fed-no-longer-sees-a-recession-and-other-things-we-learned-from-powells-press-conference-ef98d718 https://www.marketwatch.com/picks/were-already-seeing-some-cds-with-5-75-apy-now-that-the-fed-hiked-interest-rates-again-might-rates-climb-higher-de14c37f https://www.marketwatch.com/story/gdp-increases-at-2-4-annual-pace-in-the-second-quarter-7e548aed?mod=home-page https://www.marketwatch.com/story/u-s-inflation-slows-again-pce-shows-966aa14c?mod=economy-politics https://www.marketwatch.com/story/jobless-claims-drop-to-the-lowest-level-since-february-51cea584?mod=economic-report https://www.marketwatch.com/story/s-p-case-shiller-shows-u-s-home-prices-up-for-fourth-straight-month-in-may-9190cfd0 https://www.marketwatch.com/story/newly-built-u-s-home-sales-fall-in-june-6123fd72 https://www.nar.realtor/magazine/real-estate-news/economy/nar-economist-housing-recession-is-over https://www.freddiemac.com/pmms https://www.marketwatch.com/story/the-housing-recession-is-over-real-estate-group-says-as-pending-home-sales-tick-up-for-the-first-time-in-4-months-2d4cce4f https://www.bisnow.com/national/news/office/landlord-finances-owners-open-books-119930 https://www.bisnow.com/national/news/office/amazon-return-to-office-relocating-workers-major-downtown-hubs-119926 https://www.irs.gov/newsroom/irs-ends-unannounced-revenue-officer-visits-to-taxpayers-major-change-to-end-confusion-enhance-safety-as-part-of-larger-agency-transformation-efforts

Fraud concerns are growing in connection with the Nightingale investment firm's handling of investor funds. We just reported on the disappearance of millions of dollars raised on the CrowdStreet platform for two Nightingale deals. And now, CrowdStreet is worried about the management of a Nightingale office tower in Chicago, which was also partially paid for by CrowdStreet investors. In a previous podcast, we reported that Nightingale is accused of misappropriating more than $50 million that investors pumped into two high-end properties in Atlanta and Chicago. The deals never closed, and when the money went missing, CrowdStreet recommended the appointment of an independent manager. Shareholders agreed and hired Anna Phillips. She then placed the entities created for those deals into bankruptcy to help track down the money. Now CrowdStreet is taking a closer look at the Nightingale campaigns and wants to put Phillips in control of the Chicago property. That's after a request for audited financial records went unanswered. But in this case, putting an independent manager in charge is more complicated because the Chicago office tower is an operating asset with equity investors who are not connected to CrowdStreet. There's also an ownership transfer to deal with and several loans... This is why I've decided to create a master course on development, that will be helpful for both investors and developers. So many syndications require development of some kind, and it's important that investors understand how to analyze the deal. It's also going to be valuable for developers because the courses will be taught by my developer partners. You can find out more at GrowDevelopments.com. Thanks for listening! List: 1 - https://www.bisnow.com/chicago/news/office/crowdstreet-seeks-takeover-of-another-nightingale-asset-after-landlord-goes-dark-119919 2 - https://realwealth.com/category/real-estate-due-diligence/

Some CrowdStreet investors are expressing disbelief, and rage, after learning that millions of dollars of their investment funds have gone missing! Investors pumped more than $60 million into two deals sponsored by Nightingale Properties on that platform, and Poof! The money has mysteriously disappeared! 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. As reported by Bisnow, Nightingale did a great job pitching the deals to CrowdStreet investors. One was Nightingale's purchase of the Atlanta Financial Center for $182 million, which represented a $78 million loss for the seller and instant equity for the buyers. The Real Deals reports that more than 650 investors clamored into that deal with $54 million. The other deal was the renovation of a Miami Beach office building that Nightingale already owned. It raised $9 million for that project... You can find out more about how to invest responsibly as a RealWealth member. It's free to join, and takes just a few minutes. Keep up with important real estate news at newsforinvestors.com, and please remember to subscribe to this podcast to get new episodes automatically delivered to your phone! Thanks for listening! Kathy Fettke Links: 1 - https://www.bisnow.com/national/news/capital-markets/crowdstreet-investors-say-accusations-about-nightingale-mind-boggling-as-they-face-a-possible-total-loss-119896 2 - https://therealdeal.com/national/2023/07/14/fiduciary-to-investors-funds-in-nightingale-projects-misappropriated/ 3 - https://www.bisnow.com/new-york/news/capital-markets/nightingale-properties-crowdstreet-scandal-illegal-behavior-119884?utm_source=outbound_pub_58&utm_campaign=outbound_issue_69142&utm_content=link&utm_medium=email