Home Builder Confidence Drops to 74%- Time To Panic?
Real Estate Realities With The RebelBroker
Release Date: 02/24/2020
Real Estate Realities With The RebelBroker
Zillow has released the results of a recent poll of economists and real estate experts regarding what they believe are the most likely real estate markets to perform well in 2021. We are going to chat about those markets and then discuss the other end of the spectrum - the 3 real estate markets that are expected to underperform the most - and if you have been paying attention, I don't think you will be surprised! Article Referenced In Todays Show: https://www.cnbc.com/2021/01/21/best-real-estate-markets-2021.html
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Most are talking about a great real estate year ahead. Are they right? If you browse the news today, the general opinion seems to be that things are just ramping up for an amazing year for real estate growth and appreciation. Maybe they are right. However, being the person pointing out issues and potential pitfalls in the market is the same place I found myself in back before the real estate downturn in 2007. The media seems pretty convinced on what will happen with real estate in 2021 The headlines are hard to miss. Take a second to google “2021 real estate” and you find headlines like...
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California has been a hot state to invest in real estate for decades. The reason is the sheer number of people that are drawn here by the natural beauty of California but also its robust employment opportunities. That landscape is changing. With the growing acceptance of working from home, workers - more than half of them - are looking for the exit. In todays show, we are going to look at a few of the realities that have shifted as companies like Oracle flee California and a majority of people living here would move if they could - and with working from home options becoming more accepted,...
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It is time to take a look at the results for the 2020 California Propositions that were aimed either right at real estate, or would have had a big effect on the real estate market. Those included: Proposition 15 - Split Roll Property Taxes to increase commercial taxes Proposition 19 - Property Tax Transfer Breaks Proposition 21 - Rent Control There is good news for folks in the world of real estate, but there is a good reason to take a minute and think about these results. While all is well now, there are indicators that down the road, the landscape just might change. Here is a link to the...
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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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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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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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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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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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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...
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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