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Real Estate News: Real Estate Investing Podcast

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!
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Apr 14, 2016

Vacation home sales were on fire in 2014 but according to the latest survey by the National Association of Realtors, they cooled off quite a bit in 2015. And with the volatile political climate we have now, buyers may put their vacation purchases...on hold.

Hi I'm Kathy Fettke and this is the Real Estate News for Investors.

The NAR survey shows that vacation home sales slipped a big 18.5% last year. An estimated 920,000 vacation homes were sold in 2015 compared to 1.13 million in 2014. But there are many factors playing into that huge slide.

While vacation home sales dropped, the purchase of investment homes soared. They were up 7 percent from the year before, creating a see-saw effect between the sale of investment homes and vacation sales.

One reason for the retreat of vacation home sales is due to price appreciation in the south, where many people go to buy vacation homes. Several Florida markets saw strong appreciation last year.

But across the nation, the median price of vacation homes jumped to $192,000 in 2015. That's up 28% from $150,000 in 2014. Wow. If you bought a vacation home in 2014, it might be a good time to sell!

NAR says the median sales price of an investment home also leapt to $143,500 last year, from $124,500 in 2014. That's not as much as the vacation home appreciation, but it's still a respectable 15.3%.

According to NAR chief economist Lawrence Yun, baby boomers planning for retirement are pushing up demand for vacation homes, but dwindling supplies are leading to higher prices and fewer sales. He says turbulence in the financial markets also have a cooling effect on vacation home sales.

But he says while vacation home sales shrank last year, investment purchases surged after four years of decline.

Get the full transcript at www.NewsForInvestors.com

The post #045 – Vacation Home Sales on the Decline but Investment Property on the Rise appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.

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