Real estate values are greatly affected by population growth. Population growth follows job growth…so naturally, real estate investors should also follow the actions of major employers. On today’s show, let’s look at where some of the jobs are going.
Today… let’s take a closer look at Jacksonville and Tampa, Florida.
California realtors are reviving Proposition 5 just a few weeks after voters squashed it at the ballot box. It would expand the portability rule for homeowners protected by Proposition 13, but Prop 5 only got about 41% of the vote. The California Association of Realtors says it was disappointed by the results, but not discouraged. It has already filed a signature-gathering petition to get it back on the ballot in November of 2020.
The arrest of a Texas developer -- one that many of us in the real estate industry know -- is a big reminder to thoroughly vet any investment and any company that manages your money. Phillip Carter of Frisco is accused of taking $17.5 million dollars from investors for development projects in North Texas. Authorities say he used those funds for unrelated purposes. His wife, Shelley, and alleged accomplice, Richard Tilford, also face charges.
The National Association of Realtors is calling the midterm elections a big WIN for the real estate industry nationwide. The association says that REALTOR-supported candidates from coast-to-coast have won at all levels of government. California’s controversial rent control measure, Proposition 10, was also defeated.
New IRS guidelines for Opportunity Zones are making a great deal even better. It’s a program that provide three outstanding benefits for investors who put money into Qualified Opportunity Zones, and with the latest guidance, investors are ready to put their plans into overdrive.