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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 in 2016, 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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Now displaying: Page 5
Mar 29, 2017

Illinois is about to put itself on the map as a high tech hot spot. It's going beyond the "smart city" strategy with plans to become the first "smart state" in the nation. These upgrades could make the area even more attractive to residents, businesses and real estate investors..

You might not think Illinois is a hub for "smart technology" and the "internet of things" -- but last year, Illinois Governor Bruce Rauner created an agency to oversee a statewide high tech transformation. He signed an executive order in January 2016 to advance the use of technology for the entire state in a coordinated, connected, and efficient manner.

For the full scoop, go to: www.NewsForInvestors.com

#231 - Illinois to be the First "Smart State"

Mar 28, 2017

If the sky-high numbers you’re hearing from Wall Street have you seriously considering investing more into stocks, bonds or mutual funds, one of the best investors on Wall Street has a warning for you.

When Donald Trump was elected this past November, Wall Street responded with what the president-elect immediately dubbed a “Trump Rally.” The stock market went through the roof, and it hasn’t really slowed down yet.

According to The Motley Fool, the Dow, the S&P 500, and the Nasdaq all traded up at least 10 percent (higher) between the time that President Trump was elected in November and when he took office. The Fool added, “There’s no question the stock market sees him as pro-business, which is why share prices have taken off since his election.”

For the full scoop, go to: www.NewsForInvestors.com

 
#230 - Wall Street Warnings and Rumblings

Mar 27, 2017

Airbnb has a new feather in its cap. It recently acquired a company that specializes in luxury short-term rentals that often cost multiple thousands of dollars a night. The acquisition helps put Airbnb on the map as a full-service global travel company, and a more diverse partner in the sharing economy.

In a press release, Airbnb said that it is uniting with Montreal-based Luxury Retreats as a way to "provide more unique accommodations" and "amazing experiences to travelers". Bloomberg writes that the deal is worth about $300 million dollars in cash and stocks, and is Airbnb's biggest acquisition yet.

Airbnb has more than 3 million listings in 65,000 cities and 191 countries worldwide. Add to that another 4,000 jaw-dropping private vacation villas from the Luxury Retreats.

For the full scoop, go to: www.NewsForInvestors.com

Airbnb Gobbles Up Another Vacation Rental Company

Mar 24, 2017

If you’re one of those people who would rather send a text or write an email rather than pick up the phone and talk to someone, then getting a loan might become a more pleasant experience for you. Some lenders are now using apps that eliminate paperwork and can speed up the borrowing process by about two weeks.

When Quicken Loans launched its Rocket Mortgage program at the beginning of 2016, a lot of people were skeptical.

CBS News asked if “the rocket mortgage was a fast ride to trouble” last year after Quicken debuted the new product in a Super Bowl ad. The ad promised to “do for mortgages what the internet did for buying music, plane tickets, and shoes.”


For the full scoop, go to: www.NewsForInvestors.com


#228 - Quicken's Rocket Mortgage "Skyrockets"

Mar 24, 2017

We often hear about how expensive the U.S. housing market has become. But according to one international housing affordability survey, we’re still among the most affordable countries in the world.

The 13th Annual Demographic International Housing Affordability Survey hit the presses, and shows that the United States was among the most affordable housing markets in the world in 2015 (at least among first-world nations).

The survey covers 406 housing markets in nine countries – Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United Kingdom, and the United States.


For the full scoop, go to: www.NewsForInvestors.com

 

#227 - U.S. Tops the List of Most Affordable Housing in the World

Mar 22, 2017

Artificial intelligence is becoming an important part of the real estate industry. With growing rental demands across the nation, and the need for more complex property management, AI is providing technology solutions to make the job easier and more efficient.

The number of households renting instead of owning increased by about 9 million in the last 10 years. There are now about 45 million renter households across the U.S. And along with all those rentals, is the need to manage them, and to do the job more efficiently than ever before.

A headline in Forbes calls property management the next frontier for artificial intelligence...

For the full scoop, go to: www.NewsForInvestors.com

#226 - Robots to Repair Property Management

Mar 21, 2017

It's not a done deal yet, but a proposed $6 billion dollar federal budget cut could have a big impact on housing for low-income families. While many Republicans feel the cuts are necessary in order to reduce entitlements, housing advocates say a lot of people that rely on public assistance could come up short on their rent.

As reported by the Washington Post, the Trump Administration is considering a $6 billion cut to the HUD budget as part of the preliminary budget plan.  The budget cut is part of Trump’s goal to cut domestic spending by $54 billion and could reduce HUD’s budget by 14% in 2018. The spokesman for the U.S. Department of Housing & Urban Development, Jereon Brown, says the budget plan is "still a work in progress".

The proposed cut is not a big surprise. The new HUD Chief Ben Carson is known for his opposition to public assistance programs. He has stated in the past that entitlements discourage people from working and can create a culture of dependency. 

For the full scoop, go to: www.NewsForInvestors.com


#225 - HUD Cuts Could Affect Section 8 Tenants and Landlords

Mar 20, 2017

Have you ever been frustrated with a credit reporting agency for "getting it wrong" -- especially when that error affects your credit score? Starting July 1st the three big credit agencies will be making changes that will improve accuracy, and give many consumers a boost to their low credit scores.

The big three credit reporting agencies are responding to a report by the Consumer Financial Protection Bureau. That's an agency created as part of the Dodd Frank Act to protect consumers against unfair, deceptive, and abusive financial practices.

For the full scoop, go to: www.NewsForInvestors.com

#224 - Credit Scores Getting a Needed Boost!

Mar 17, 2017

The Federal Reserve followed through on its latest promise to raise interest rates. Fed Chief Janet Yellen announced a quarter point hike in the federal funds rate Wednesday. But the increase has little to do with the ripple effect on mortgages and consumer loans, and a whole lot to do with a message from the Fed about the economy.

This is the first rate hike of 2017 and the third since December of 2015 when the cycle of monetary tightening began after the Great Recession. The first rate hike brought the overnight lending rate a quarter percent off zero. The second rate hike three months ago, raised it another quarter point. The latest increase brought it to a range of .75 to 1%, which is still quite low historically.

To get the full scoop, go to: www.NewsForInvestors.com

#223 - BE PREPARED! Fed Rate Hike Could Burst Bubbles

 

 

Mar 16, 2017

Generation X'ers are getting their chops back, economically speaking. A new report by the National Association of Realtors says they are finally shaking off the devastating effects of the Great Recession and more and more of them are buying homes.

NAR has been publishing the Home Buyers and Sellers Generational Trends Report since 2013. It has been tracking the buying and selling of homes across all generations as individuals and families navigate their way through the economic recovery. This report includes information from the year that ended in June 2016.

Most recent stories focus on the up and coming millennial generation, and the retiring baby boomers, but this report shines a light on Gen X'ers. It shows Gen X'ers, who were born from the early 60's to the late 70's, were able to buy a greater share of homes in the last year, thanks to an economy that's provided strong job growth and higher home values.

For the full scoop, go to: www.NewsForInvestors.com

#222 - The Generation X Comeback

Mar 15, 2017

The nation is filled with a whole lot more renters since the Great Recession. And Trulia recently released in-depth research on the magnitude of this demographic shift and details on the various groups of people most affected.

The title of the report is "Who Lost the American Dream"? It's never a good thing to lose a home, and it's a tough situation when you can't quite afford to buy one, but it's worse to not have a roof over your head. And with the current demand for housing, landlords with single-family rentals are providing a much-needed service.

According to Trulia, there was a 5% shift nationally in the number of people owning homes who turned into renters. The percentage of renters in the top 50 markets rose from 36.1% before the crisis to 41.1% in 2014.

For the full scoop, go to: www.NewsForInvestors.com

#221 - Is the United States Becoming a Renter Nation?

Mar 13, 2017

Fastest Appreciating Real Estate Markets in the U.S.

California home prices have been on a marathon run for quite some time, but the Golden State is no longer the leader when it comes to skyrocketing appreciation. There are other hot markets where we as investors, can buy low, cash flow and watch your equity grow.

According to Zillow's Real Estate Market Report home values increased 7.2% nationally over the last year. It says median home value hit $195,300, which is just a hair under an all-time high of $196,600 in 2007. But Zillow's national numbers don't tell you much about individual markets. If you want to find out where the hot markets are right now, don't look in California. Look south.

Three of the ten fastest appreciating markets are in Florida. Nashville, Tennessee is another hot southern market, along with Dallas. And most of the top ten markets are hit double-digit price appreciation last year.

Get the full scoop at: www.NewsForInvestors.com

#220 - Fastest Appreciating Real Estate Markets in the U.S.

Mar 11, 2017

Los Angeles County filed a lawsuit against California’s state regulators this week, in an attempt to prevent the Aliso Canyon natural gas storage facility from reopening. Last year, massive gas leaks on the site created one of the largest environmental hazards of its kind in the nation, and local residents want more tests done to ensure it never happens again.

The gas leak at Porter Ranch spewed more than 109,000 metric tons of methane gas from October of 2015 to February of 2016, causing approximately 8000 families to  relocate from their homes. Many residents reportedly became ill, even after the leak was sealed in February of last year. Two schools were closed in the area, with those students being bussed to far away campuses.

For the full scoop, go to: www.NewsForInvestors.com

#219 - Beware of Environmental Hazards Near Your Properties!

Mar 10, 2017

There are conflicting predictions out there for a certain sector of real estate right now, and it’s important for our investment strategies that we get to the bottom of it.

According to the National Association of Realtor’s quarterly commercial real estate forecast, the commercial market is going to be strong in 2017. In fact, that group is predicting that GDP growth in the commercial sector will be “around 2.4 percent,” citing higher wages and increased spending as the foundation for this expansion.

NAR’s Chief Economist, Lawrence Yun said, “Renewed corporate optimism leading to a focus on investment and a desperately needed boost in residential construction should pave the way for modest expansion this year of around 2.4 percent in GDP growth.” He added that “Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending, which in turn bodes well for sustained demand for all commercial property types.”

For the full scoop, go to: www.NewsForInvestors.com

#218 - What Type of Commercial Real Estate Will Thrive in 2017?

Mar 8, 2017

A new report on the amount of money spent for construction reveals a surprise decrease in January. But when you break down the report, it shows growth for private residential construction.

The U.S. Census Bureau released its monthly report on construction, which shows an overall 1% decline in spending for the month of January. Construction spending in January is estimated just over $1,180 billion dollars. That's 1% below the amount that industry insiders anticipated.

The report also shows that spending on private residential construction "grew" two-tenths of a percent. And within that figure, there was a 1.1% spike in spending for new single-family homes, and a 2.2% spike for multi-family projects. The overall figure was pulled lower by other private but "non-residential" construction projects.

For the full scoop, go to: www.NewsForInvestors.com

#217 - Construction Spending UP for Residential Real Estate

Mar 7, 2017

Optimism about the current housing market may depend on your pick for president. A new report from Trulia is based on two surveys about the housing hopes and fears of Americans -- one was taken "before" the election and one taken "after".

Trulia says the presidential election has resulted in large amounts of both optimism and pessimism among consumers about the housing market. And what you are feeling largely depends on whether you are a so-called "Discouraged Democrat" or a "Revived Republican".

In addition to market expectations before and after the election, the report also covers the expectations of homeownership, especially among millennials; roadblocks to homeownership; and best markets for 2017 based on five key metrics, including the fact that these cities all have a large share of Republicans.

 For the full scoop, go to: www.NewsForInvestors.com

#216 - Election Results Affect Home Buyers and Sellers

Mar 7, 2017

It’s official. Retired pediatric neurosurgeon and former Republican presidential candidate, Ben Carson, was sworn in as HUD’s newest Secretary on Thursday. How could this new direction in leadership affect housing policy moving forward?

 

Last week, the U.S. Senate voted 58 to 41 to confirm Dr. Carson. This indicates that members from both parties voted for him, which is fairly unusual these days!

 

During Dr. Carson’s confirmation hearings, the main concern was his lack of any experience running a large federal bureaucracy. His rebuttle was that he grew up in low income housing in Detroit, which gives him direct, personal insight into how government programs for housing and related assistance can both help and hurt people.

 

For the full scoop, go to: www.NewsForInvestors.com

 

#215 - Carson Confirmed as HUD Secretary

Mar 4, 2017

The little private app that erases your chats and snaps, just became public. And for many newly made millionaires, it’s been a very friendly little ghost.

Snapchat, the app that teenagers opted to use once they discovered that Mom and even Grandma could comment on their Facebook pages, has made a lot of parents wealthy this week.

In fact, a private high school in Mountain View, St Francis High School, earned millions of dollars from the Snap IPO this week. The school's administration invested $15K in a seed round 5 years ago, after 2 students told their dad about how much they loved the app. The school earned $24M from this week's IPO. And that Dad’s company, Lightspeed, invested $485K in the seed round. They sold enough shares this week to earn $78M, and they still owns $81M in shares. Not bad.

 

For the full scoop, go to: www.NewsForInvestors.com

 

And to find out more about our new high tech startup, sign the NDA at www.RealWealthCrowd.com

 

#214 - Snap IPO Millionaires to Snap Up Property in Silicon Beach

Mar 2, 2017

Real estate agents will no longer be able to manually post listings on Zillow.com and Trulia.com. Instead, only MLS’s and brokerages will be able to post listings on those real estate sites.. Why did these companies make this decision and how will it affect the visibility of for-sale real estate to home-buyers and investors?

About a week ago, the Zillow Group, which operates Zillow.com and Trulia.com, announced that it would stop allowing real estate agents to manually post listings on those two websites. Instead, listings on the site will only come directly from brokerages and MLSs (multiple listing services).

The company said in an official statement that it decided to limit the avenues for posting in order to “promote the accuracy and timeliness of listings that appear on Zillow and Trulia.” The company also noted that for-sale-by-owners (FSBOs), “Coming Soon” preview listings, and “Make Me Move” listings, which are intended to solicit offers on a property not currently on the market, could still be posted by an individual homeowner or agent.

To get the full scoop, go to: www.NewsForInvestors.com

#213 - Zillow Blocks Real Estate Agents from Manual Listings

Mar 1, 2017

The nation's largest landlord is now trading on the New York Stock Exchange. Invitation Homes made its stock market debut on January 31st as the largest IPO this year and a positive sign for the single-family rental market.

The company claims it has almost 50,000 single-family rentals in 13 markets across the country. It went public with the sale of more than 88 million shares at $20 a share. That includes an option given to underwriters to purchase additional shares. After underwriting discounts and offering expenses, the IPO raised $1.675 billion dollars.

CNBC writes that it's the largest IPO for a U.S. real estate investment trust since an IPO by the Paramount Group in 2014. It's also a big milestone for the Invitation Homes owner, Blackstone Group, and its operator Jonathan Gray.

To get the full scoop, go to: www.NewsForInvestors.com

#212 - Invitation Homes IPO Good for Real Estate Investors!

Feb 27, 2017

Another one million previously underwater homes are now above the water line. ATTOM Data Solutions released its 2016 Year End Home Equity and Underwater Report that shows just 5.4 million properties are still seriously underwater.

 

While 5.4 million properties still underwater sounds like a large number, it's a big improvement from the first quarter of 2012 when ATTOM first began tracking. At that time, there were 12.5 million properties considered "seriously underwater".

 

A property is seriously underwater when the loan amount is 25% higher than the market value of the home. The 5.4 million homes that are underwater right now represent 9.6 percent of all U.S. properties with a mortgage. 

For the full scoop, go to: www.NewsForInvestors.com

#211 - Cities with Most Underwater Mortgages Still Offer Best Bargains

 

 

Feb 25, 2017
Federal regulators are slapping a California-based lender with a $3.5 million dollar fine for what they call an illegal kickback scheme. They also ordered two brokers and a mortgage servicing company to pay almost a half million dollars in fines for accepting those kickbacks in exchange for illegal referrals.
 
The Consumer Financial Protection Bureau says Prospect Mortgage used a variety of methods to pay brokers for referrals from 2011 through 2016. It appears the primary method involved Marketing Service Agreements.
 
Those are supposed to be used to pay for advertising or promotional services. But, the CFPB says the MSAs were used to hide customer referral payments. It says Prospect would track the number of referrals by an individual broker and then adjust the amount of money it would pay that broker for marketing services. A Keller Williams broker out of Corvallis, Oregon was fined $180,000 for accepting these kinds of payments.
 
To get the full scoop, go to: www.NewsForInvestors.com
 
#210 - RESPA Violations
Feb 23, 2017

A new real estate sales model appears to be suddenly mushrooming into existence. There are now at least three start-ups that will buy homes from people who want to sell immediately, including newcomer Knock.

Knock, OfferPad and Opendoor are trying to eliminate the home sale hassle by serving as a quick turn-around sales agent for homeowners. They are promising a painless click-and-sell process. The homeowner requests a quote and the websites respond with an offer, within hours.

If the offer is accepted, OfferPad and Opendoor will buy the homes outright. Knock is a little different. It will offer to sell the home within six weeks "for" you. If the home doesn't sell within that time, Knock will then buy that home from the seller.

To get the full scoop, go to: www.NewsForInvestors.com

#209 - Look Who's KNOCKing on Opendoor (and OfferPad?)

Feb 22, 2017

President Trump is in the process of selecting a number of government leaders for important positions in his new administration. The Federal Trade Commission alone currently has three empty seats to fill. How might Trump’s picks for those positions affect us real estate investors?

Tech-giants Google and Amazon could be rather heavily affected by President Trump’s selection of a chairperson for the Federal Trade Commission (FTC). Shortly after his inauguration, the president replaced former FTC chairwomen Edith Ramirez with Maureen Ohlhausen, one of two remaining members of the five-person FTC commission and the only remaining Republican.

At that time, incidentally, the Washington Post speculated that Ohlhausen had some knowledge that she might ultimately be Trump’s pick for the permanent position, citing a public statement that she made shortly after her selection about her commitment to a “free, honest, and competitive marketplace.”

To get the full scoop, go to: www.NewsForInvestors.com

#208 - Amazon & Google Shaking in Their Boots with New FTC Picks?

Feb 17, 2017

This may be the year that billions of dollars in commercial mortgages go belly up. These loans were financed in 2007 and are maturing this year. That means some commercial property owners will be faced with huge balloon payments and for some, a major headache to pay them off.

The Federal Reserve stated in its semiannual Monetary Policy Report to Congress on Tuesday that commercial property prices were becoming a "growing concern.”

Specifically, the report said, “"Commercial real estate (CRE) valuations, which have been an area of growing concern over the past year, rose further, with property prices continuing to climb and capitalization rates decreasing to historically low levels,"

While commercial property debt remains small compared to the overall economy the report said that the rising "valuation pressures may leave some smaller banks vulnerable to a sizable CRE price decline."

For the full scoop, go to: www.NewsForInvestors.com

#207 - RED FLAG WARNING for Commercial Property Owners - a $45B Problem

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