Home Builder Confidence Drops to 74%- Time To Panic?
Real Estate Realities With The RebelBroker
Release Date: 02/24/2020
Multiple Offers Are Back!
Real Estate Realities With The RebelBroker
We have talked a lot about how the key to the market right now is the inventory. Well, some recent numbers were released that show just how true that is. Today we will discuss some amazing stats about how many transactions - as recently as May 10 - have involved multiple offers on real estate for sale all across the country! In some of our metro areas, the majority of homes for sale ended up getting multiple offers! There are some things to keep an eye on that might just rear their head later this year. So join me as we take a look at the most recent real estate market stats that will blow...
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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...
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Real Estate Markets With The Most And The Least Recovery
Real Estate Realities With The RebelBroker
What can we learn from examining the major metro areas that have had the most and the least recovery since the real estate downturn? On todays show we are going to review some interesting research from the good folks over at . There are some very familiar cities on both of these lists. This is not a list that is going to define whether you should or should not invest in these areas. However, if you learn about the rental markets, get some familiarity with these metros and apply a little thought - you can tease out more data that will help you make a more informed decision on the best...
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California City Makes It Illegal To Do Criminal Background Checks!
Real Estate Realities With The RebelBroker
Landlords in Oakland, CA can no longer do criminal background checks. Here is why that is a stupid idea. Yeah, sorry, spoiler alert - a city government did something stupid - shocker. This one is a big deal tho. It reveals not only the Oakland city councils hypocrisy but also their general stupidity on how to actually solve a problem. We are going to talk about this one today and bring up some very unpleasant facts. For one thing, Oakland is basically asking landlords to flip a coin - you have a 50/50 chance that the person you rent to will commit a crime with this law. The really amazing part...
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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