Your 1st Air Bnb Property... Episode 200
Black Hole Of Real Estate Podcast
Your 1st Air Bnb Property... ...here is what I would be looking for when making a purchase The 1st thing is don't over think it Keep it fun and be passionate about creating amazing experiences for your guests and whatever you do - beware of misleading "news headlines" a recent article from a "major new site" said that investors were selling out they mentioned that 11% of sales in 2024 were investor sales the highest total in many, many years what they fail to mention is that different investors bought them so does that mean that investors actually bought in at the highest...
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I Just Read That Real Estate Investing Is Dead...
Black Hole Of Real Estate Podcast
I Just Read That Real Estate Investing Is Dead... ...from a self proclaimed real estate guru I went through their missive with an open mind and what I found was that I believe that they are off base Don't get me wrong I have some common ground with their views The cost of an investment property makes it hard to cashflow on 1st glance rental markets are feeling the pressure of inflation in the economy and the short term rental market has changed dramatically A different writing states that Investors are exiting the market at the highest rate in many years Apparently 11% of all sales in 2024...
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Insurance Cost Going Down... Episode 198
Black Hole Of Real Estate Podcast
Insurance Cost Going Down... ...which is great news for home owners and investors this comes on the heels of many years of sharp increases to premiums and large amounts of policies being cancelled by the providers there is a growing number of companies that are holding the line on renewal costs an increasing number of agencies are now actually reducing the annual cost of coverage Citizens Insurance continues to be a solid resource for older homes This safety net has been super important in the state of Florida as many homes do not fit neatly into the insurance boxes now that things are...
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NAR Economist Says Market Is Heading... Episode 197
Black Hole Of Real Estate Podcast
NAR Economist Says Market Is Heading... ... Upward with median home prices increasing by 3% in 2025 and that they will grow another 4% in 2026 National Association Of Realtors Chief Economist Lawrence Yun made these statements at the 2025 Legislative Meetings at NAR Interstingly enough - these predictions mirror What I have been saying on this podcast for the past year Yun goes on to mention that inflation is keeping interest rates high Which is "killing the housing market" The Federal Reserve has not wavered in their target of 2% Inflation was at 2.3% in April 2025 So the Fed continues...
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Home Prices Up 4%... Episode 196
Black Hole Of Real Estate Podcast
Home Prices Up 4%... ...despite the fact that interest rates haven't come down all the while inventory levels continue to increase FHFA - Federal Housing Finance Agency completed a study That compared home prices in 1st Quarter 2024 to 1st Quarter 2025 They found that home values were up 4% nationwide 49 of 50 states saw prices increase with Hawaii being the lone exception The top 5 states with the highest increase were 1 - Rhode Island 2- West Virginia 3- Connecticut 4- Ohio 5- Wyoming So here is where it may get very interesting in the 2nd half of 2025 A lot of the things that have held back...
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How Long Will It Take To Sell... Episode 195
Black Hole Of Real Estate Podcast
How Long Will It Take To Sell... ... Is a loaded question in today's real estate market and for most its not for the faint of heart both buyers and sellers are feeling the stress points of the sales process 1st and foremost you need to get under contract which is taking longer for both sides these days a well priced home in a great location can sell quickly one that needs repairs and is overpriced can take much longer to sell we have seen homes sell in a day we have seen homes on the market for 6 months and not sell the seller has a lot of control on price and condition if they want to sell...
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Closing Costs - Who Pays For What ... Episode 194
Black Hole Of Real Estate Podcast
Closing Costs - Who Pays For What ... ...each party in a real estate will experience different fees at settlement on the sellers side the biggest expense is trypically the brokers commissions along with that they will likely pay for the title insurance as well as closing fee for the settlement agent that performs the closing in addition, a seller may pay for documentary stamps, estoppel fees and recording fees while not a complete list, these items are the most common charges for sellers on the buyers side documentary stamps on the mortgage, intangible fees and lending fees they...
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Where Did All The Showings Go... Episode 193
Black Hole Of Real Estate Podcast
Where Did All The Showings Go... ...its a real thing right now as there are very few people actively looking at homes and its a clear signal to the home sellers out there for homes that are not priced well based on the condition and location of their property those will struggle to get showings and offers let alone sell quickly with multiple offers with excellent terms thats not say that properties in great condition and in great locations will not sell fast for top $$$ - because those will as that type of home will do well in...
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Buy Before You Sell... Episode 192
Black Hole Of Real Estate Podcast
... Is a home buying strategy with many advantages At a time when real estate inventory continues to increase home buyers remain very particular in what they are looking for and there is a real fear of the pressure that exists when they only have a limited time to select a home and its the exact reason that many choose to make their purchase before they ever put their home on the market and if you are open minded to doing so you open the door to possibilities that wouldn't exist otherwise imagine for a moment being able to to renovate your new home before you begin to move in new flooring...
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Did We Just Enter Into A Buyers Market... Episode 191
Black Hole Of Real Estate Podcast
Did We Just Enter Into A Buyers Market... ... A lot of home buyers are certainly feeling that way right now We have seen a steady increase in the number of homes for sale And homes are taking longer to sell but does that actually mean that its a buyers market most real estate experts consider 6 months of inventory as the line of demarcation when determining what type of market it is less than 6 months of inventory is a sellers market 6 months of inventory is a balanced market more than 6 months of inventory is a buyers market we are finding that many areas of the country are...
info_outline...and there are whispers of the market going negative
but one has to wonder
is it market movement
or is it market manipulation
we have discussed the big moves made by Rocket Mortgage
to acquire Redfin and Mr Cooper
and now is the time that we should take a look at Zillow
as they just shared their forecast that home prices
may go down nearly 2% next year
no has knows for sure
but I do find it interesting
that Zillow has acquired Follow Up Boss and Showing Time
in recent years in an effort to become
a seamless 1 stop home buying/selling portal
and lets face it - negative news gets clicks online
and if consumers belived that prices were about to drop
it would create new activity in the housing market
buyers would check more intently for deals
sellers would be more likely to sell quicker
if they felt the price would be lower each month ongoing
but here's the thing
is it smart for a seller to drop their price dramatically
when 1% of $400,000 is just $4,000
even 2% is only $8,000
knowing this, it doesn't make finanical sense
to drop their listing price 25k
unless they were glaringly over priced
I am not saying that the zillow forecast is right or wrong
thats for consumers decide
but I do find it interesting
that it appears to move the ball forward in their grand plan
tune in to today's show for the details