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Think Prices Have Skyrocketed? Look at Rents.

Five Minutes in Real Estate Podcast

Release Date: 10/28/2019

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Five Minutes in Real Estate Podcast

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Five Minutes in Real Estate Podcast

I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s)

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Five Minutes in Real Estate Podcast

To address a growing use of off-MLS listings, the National Association of Realtors® (NAR) Board of Directors voted 729-70 to approve a new rule affecting off-MLS listings, saying they must be submitted to the MLS within one business day after first marketing them to the public.

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On Thanksgiving 2019 I wanted to share a quick look back from where we came from, and one thing we should be very grateful for Today. See Infographic in Show Notes

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Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:

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In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals....

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Five Minutes in Real Estate Podcast

The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last?

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According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.”

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Pensacola Real Estate Expert Shane Willis Discusses  the Rise in Rent in the Pensacola area?

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.

Show Notes Visit:

https://www.shanewillis.com/podcast/think-prices-have-skyrocketed-look-at-rents/


To Get a Free Sellers Guide visit

https://www.ShaneWillis.com/Sellers-Guide

To Get a Free Buyers Guide Visit

https://www.ShaneWillis.com/Buyers-Guide

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