Home Builder Confidence Drops to 74%- Time To Panic?
Real Estate Realities With The RebelBroker
Release Date: 02/24/2020
Californias Proposition 15
Real Estate Realities With The RebelBroker
Even if you support the idea of Proposition 15, you need to at least accept that this is the absolute worst time to pass such a law. At a time when we need to foster growth of jobs and new business and make it easier for struggling business to recover from COVID quarantines - this is just about the worst thing you could consider doing to make the situation even worse. —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter:...
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NAHB Confidence Numbers - Too Confident Or Not Confident Enough?
Real Estate Realities With The RebelBroker
In todays show, we are going to chat about the August numbers for the National Association of Homebuilders and their record setting levels of confidence. There is so much discussion about how the current real estate market is blowing the doors off, I think it is a good time to look at more of the data and get a better grip on what the reality might be. ----------------------------------------------------------------------------------------------------- Find Me On Social Media ➡️ ➡️ ➡️ ☕️ 📰 🕵🏻♂️ 👓 💵 ...
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Todays Real Estate Headlines Are WRONG!
Real Estate Realities With The RebelBroker
Today, let's talk about what recent real estate data is telling us. What is most surprising is that what I am seeing does NOT follow with what is the conventional wisdom in the press. What we are being told is that prices are way up and that this trend is likely to continue. Well, in todays show we are going to look at some data that will leave you thinking todays big headlines just might not be on the mark. Don't miss my Facebook Live "Coffee And Real Estate" chat this Saturday, Aug 15,2020 at 10AM Pacific. Find it here: Visit this live chat at: http://www.facebook.com/whitelawre/live...
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Housing Inventory Is About To Nose Dive!
Real Estate Realities With The RebelBroker
Will home prices jump? The best information we have right now indicates that a dramatic crash in home inventory is very likely as we move through 2020. There are only two places that homes for sale come from. First, is new construction. We are seeing a big drop off in new construction that even goes beyond what the worst expectations were leading into March. And remember, those are number for MARCH! April is likely to be even more depressing! But wait, that is only half of the real estate inventory story. The other half of our inventory question involves existing homes. If we...
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Sellers - Avoid Pocket Listings At All Costs!
Real Estate Realities With The RebelBroker
I have never been a fan of pocket listings for a whole lot of reasons. In todays show, we will review the reasons why they are a bad idea for sellers. In addition, we will explore how they are also NOT a better option to help deal with our current quarantine situation. There are NO advantages to a pocket listing vs allowing your home to be listed on the MLS when it comes to maintaining very tight controls on who gets into your home. In fact, whatever benefits you are told doing a pocket listing will bring - including reducing the commission you pay - will end up costing you MORE in the long...
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Corona Virus and Real Estate
Real Estate Realities With The RebelBroker
What does the CDC say and how should we move forward We will start with a quick look at what we can learn from the CDC website. More information is better than less, so we will go over what I am seeing reported by the CDC and try to calibrate expectations to that. Next, we will talk about how buyers, sellers and investors in real estate might move forward. In one case, we will discuss a trend I am seeing that is CRITICAL for folks who must get their home sold to understand and avoid at all costs. https://youtu.be/TjAet09oflY Real Estate Realities Video To check out the...
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Big Companies Hold $60 Billion in Real Estate
Real Estate Realities With The RebelBroker
But those big companies are not really to blame for this reality ... the government is But is it their fault? That's right, giant Wall Street companies have huge holdings in real estate. However, while the media would like you to believe that this is some kind of sin on the part of these companies, the real sin is HOW they ended up owning so much residential real estate. Lets talk about how we got here and how it was clear from the beginning that this was likely to happen. Way back when all of the foreclosed homes that ended up being held by the government needed to get...
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New 2020 Prediction! Rents & Home Prices Up!
Real Estate Realities With The RebelBroker
Secrets To Understanding This Expected Home Value Growth! Zillow is confident home prices will accelerate as we move into the 2020 home buying season! While the rate of growth of home prices has slowed, Zillows latest take on the market indicates that with low inventory and increasing demand, we are likely going to see the home buying market heat up substantially. We have seen other sources that show we should expect to see home prices getting more inflated by a low inventory in a variety of markets across the country. Another aspect of this story is that within it, Zillow shares a few great...
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Home Builder Confidence Drops to 74%- Time To Panic?
Real Estate Realities With The RebelBroker
The Home Builder Survey Is One Of The Least Reliable Around! When it comes to new home construction, we need to learn that actions speak louder than words! This week we will be taking a look at one of the most reviewed surveys in the world of real estate. That is the National Association of Home Builders (NAHB) confidence numbers. Every month, those who watch the real estate market seem to hang on the results of this survey. However, for those that have been listening to my show, they know that while it might be interesting to know what the builders of future homes may say, it is almost always...
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California is coming for your natural gas
Real Estate Realities With The RebelBroker
Is legislating no more natural gas a good thing or a bad thing for Californians? The trend is becoming impossible to ignore. More and more communities are making it illegal to build new homes with natural gas. In fact, it sounds like the ultimate goal is to eliminate natural gas all together and ultimately require home owners to replace gas appliances with electric options. This seems like an odd move when California has still not solved its electric grid issues. In fact, in the ultimate irony, California is moving power plants over to natural gas . So while you won't be able to have it in...
info_outlineThe Home Builder Survey Is One Of The Least Reliable Around!
When it comes to new home construction, we need to learn that actions speak louder than words!
This week we will be taking a look at one of the most reviewed surveys in the world of real estate. That is the National Association of Home Builders (NAHB) confidence numbers. Every month, those who watch the real estate market seem to hang on the results of this survey. However, for those that have been listening to my show, they know that while it might be interesting to know what the builders of future homes may say, it is almost always very different from what they are actually doing.
Over the years, we have seen confidence numbers that would indicate they are going to start building like crazy, only to see no new construction get started. So what do we do with these numbers if we are trying to anticipate how much new home construction is actually going to happen in the upcoming season? In todays show, we will review this new data and also look at other things going on to try and get a more realistic view of what to expect from new home construction in the coming season. Will we see more single family residential homes built? Does this mean more opportunities for buyers, sellers and investors?
We are also going to take a look at some of the most recent real estate market data for areas like Sacramento and Phoenix. Do these most recent numbers suggest that we will see home prices increase or decrease? Of course, so much of the market comes down to supply and demand and in many areas, what we see is a trend toward lower inventory but increased demand. Even in those areas, we do see pockets of opportunity for buyers, so we will discuss strategies for enhancing your home search or perhaps help you better plan the sale of your home for maximum return!
Links:
- https://www.calculatedriskblog.com/2020/02/nahb-builder-confidence-decreased-to-74.html
- https://www.calculatedriskblog.com/2020/02/sacramento-housing-in-january-sales-up.html
- https://www.calculatedriskblog.com/2020/02/car-on-california-january-housing-sales.html
- https://www.car.org/en/aboutus/mediacenter/newsreleases/2020releases/january2020sales
- https://www.calculatedriskblog.com/2020/02/phoenix-real-estate-in-january-sales-up.html
- https://www.bloomberg.com/news/articles/2020-02-19/u-s-housing-starts-fall-from-13-year-high-while-permits-surge
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