In this Real Estate News Brief for the week ending September 20th, 2023... what the Fed’s favorite inflation gauge says about August, how U.S. real estate values are setting new records, and why the typical American can’t afford to buy a home in 99% of the nation.   We begin with economic news from this past week that ended with a last minute scramble to avoid a government shutdown. Congress passed a stopgap funding measure with just minutes to spare. That extends the current deadline for another 45 days and gives lawmakers time to hammer out their differences...   ...For many consumers, housing affordability has gotten so bad that the typical American cannot afford to buy a home in 99% of the nation. Real estate data firm ATTOM analyzed median home prices over the last year in 575 U.S. counties, and determined that homes became unaffordable when buyers had to pay more than 28% of their paycheck for the home. If you include insurance and property tax, the buyer would need to devote 35% or more to that home, and that’s not something that everyone can do.   That’s it for today. You can read more about these stories by following links in the show notes at newsforinvestors.com. You can also sign up as a RealWealth member for free, to find out how to build wealth through real estate. Membership will give you complete access to our website, the data we have compiled for various rental real estate markets, sample properties, our investment counselors, and much more.   And please remember to subscribe to this podcast, and leave a review!    Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/embattled-speaker-mccarthy-tries-new-45-day-funding-tactic-to-avoid-government-shutdown-be5b0e30?mod=home-page   2 - https://www.marketwatch.com/story/inflation-speeds-up-due-to-higher-gas-prices-pce-finds-but-theres-good-news-too-4370a0a6?mod=economy-politics   3 - https://www.calculatedriskblog.com/2023/09/pce-measure-of-shelter-slows-to-74-yoy.html   4 - https://www.marketwatch.com/story/u-s-home-prices-rose-in-july-case-shiller-says-ab106b17?mod=economic-report   5 - https://www.marketwatch.com/story/u-s-new-home-sales-fall-8-7-in-august-amid-high-mortgage-rates-aaf43173?mod=economic-report   6 - https://www.marketwatch.com/story/contract-signings-for-u-s-homes-dropped-sharply-in-august-amid-high-rates-and-sparse-listings-8351c1b8?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://www.nbcnews.com/business/consumer/baby-boomers-cash-are-driving-housing-market-right-now-rcna92905   9 - https://www.zillow.com/research/total-market-value-2023-33031/   10 - https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices/

Real Estate News: Real Estate Investing Podcast

The Real Estate News Brief: Fed’s Favorite Inflation Report, New High for U.S. Real Estate Values, Housing Gets Worse

It was one year ago that New York Attorney General Letitia James filed a $250 million lawsuit against former president Donald Trump, accusing him of fraudulent business practices. Just this week, a New York judge has ruled that Trump is guilty of fraud in the building of his massive real estate empire. The judge claims that the he inflated the value of his assets and his own net worth as he negotiated real estate deals and asked for bank loans. The case will still be heard in court, but if this ruling sticks, it could have major implications for Trump’s financial world and a huge lesson for any investor who might consider adding a few zeros onto an asset valuation. Judge Arthur Engoron issued the ruling on Tuesday, September 26th. It comes in conjunction with a lawsuit against Trump by New York Attorney General Letitia James. The lawsuit claims that Trump and several of his family members committed “numerous acts of fraud and misrepresentation” and that Trump “inflated his net worth by billions of dollars.” $2.2 billion to be exact. The lawsuit also named Donald Jr., Ivanka, and Eric as defendants.   James said: “Mr. Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to pay lower taxes, to satisfy continuing loan agreements, and to induce insurance companies to provide insurance coverage for higher limits and at lower premiums.” In one instance, they falsely inflated the total square footage of a commercial building by 300 percent, the ruling concluded...   ...Engoron has directed Trump to begin the process of dissolving the companies held in his name.   Meanwhile, an appeals court rejected Trump’s bid to delay the civil trial, allowing the case to proceed. This decision, by the state’s intermediate appellate court, clears the way for Engoron to preside over a non-jury trial starting Monday in Manhattan. James alleges Trump boosted his net worth by as much as $3.6 billion. Battling lawsuits is not new to the former president.  In 2017, Trump agreed to pay $25 million to settle fraud allegations linked to  "Trump University." In 2019, he agreed to pay $2 million to settle charges that he used charitable funds to pay for his political operations. and last December, Trump's company was found guilty of 17 counts of criminal fraud for falsifying business records.  This legal battle is not over. However, according to NPR, Trump could be forced to liquidate assets. Experts told NPR the legal threat to Trump now comes as follows: First, Trump's entire New York business operation, now deemed fraudulent, could be turned over to a receiver who would effectively take control of the firms and liquidate them at a public auction. Second, Trump and other defendants could be required to pay a $250 million fine which may require selling assets. Third, Trump and his associates including  Donald Trump Jr. and Eric Trump, could be permanently banned from doing business in New York state, where many of the family's most significant assets are located. That’s it for today. You can listen to past episodes and check for links to our sources for these stories at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there to learn more about how and where to invest in real estate, without making false claims! And please remember to subscribe to this podcast, and leave a review!   Links:   1 - https://www.foxnews.com/politics/new-york-judge-rules-trump-judge-rules-trump-committed-fraud-while-building-real-estate-empire   2 - https://www.foxnews.com/politics/new-york-ag-sues-trump-fraud-allegations   3 - https://www.theguardian.com/us-news/2023/sep/27/trump-new-york-real-estate-reaction-fraud   4 - https://www.theguardian.com/us-news/2023/sep/26/donald-trump-new-york-financial-fraud-key-takeaways

Fraud Ruling Against Trump in New York

In this Real Estate News Brief for the week ending September 23rd, 2023... the Fed’s forecast on inflation, future rate hikes and the GDP, why remote work is good for the environment, and calls for a major shake-up at NAR.   We begin with economic news from this past week and a message from Fed Chief Jerome Powell. He announced the result of the committee’s September meeting, saying there would be no rate hike at this time, but a majority of Fed officials expect the need for one more quarter-point hike this year. The range is currently 5.25% to 5.5%. 12 Fed officials foresee another hike while seven don’t see them going any higher. Only “one” Fed official expects the need to raise rates above 6% next year...   ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to know more about creating a financial safety net with real estate, please sign up for a free RealWealth membership. It’ll take just a minute to sign up and will give you complete access to our website.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/fed-skips-september-rate-hike-doesnt-rule-out-november-rise-38887479?mod=federal-reserve   2 - https://www.cnbc.com/2023/09/20/fed-signals-it-will-raise-rates-one-more-time-this-year-before-it-ends-hiking-campaign.html   3 - https://www.marketwatch.com/story/jobless-claims-fall-to-8-month-low-of-201-000-c593f45f?mod=economy-politics   4 - https://www.marketwatch.com/story/home-sales-fall-in-august-to-the-lowest-level-in-nine-months-ede3e35f?mod=economic-report   5 - https://www.marketwatch.com/story/u-s-housing-starts-drops-to-lowest-level-since-june-2020-daac45   6 - https://www.marketwatch.com/story/builder-confidence-index-falls-to-five-month-low-amid-high-mortgage-rates-6d3a2572?mod=economy-politics   7 - https://www.freddiemac.com/pmms   8 - https://gizmodo.com/working-remotely-could-cut-worker-emissions-in-half-1850853923   9 - https://therealdeal.com/national/2023/09/19/nar-staffers-call-for-leadership-overhaul-amid-controversy/

The Real Estate News Brief: The Fed’s Crystal Ball, Climate-Friendly Remote Work, NAR Controversy

The market for existing homes is so tight that even the big landlords are having a tough time finding them, but the new rental real estate playbook is all about build-to-rent homes. It’s no secret that renters want the single-family lifestyle, and builders are pumping tens of thousands of new rental homes into the market, with the biggest BTR boom in the South from Texas to Florida.   According to stats from RealPage, more than 104-thousand BTR units are under construction across the nation right now. As of September of this year, more than 61,200 of them are in the Southeast section of the US , about 28-thousand five-hundred are in the Western half of the US, almost 13-thousand are in the Central states, and close to 17-hundred are in the Northeast. The RealPage definition of single-family includes fully detached, semi-detached, row homes, duplexes, quadruplexes, and townhomes... At RealWealth, we recently launched a new build-to-rent fund for investors over the Texas border in Oklahoma. It’s a pre-boom area that has all the right features for a desirable and growing residential location. It’s near main highways, close to large employers, and is just 12 miles from Gainesville, Texas. That’s in an area north of Dallas which has been expanding rapidly as a major technology hub.   We’ve already started purchasing new fourplexes with built-in equity for the fund, and we’ve contracted with a builder for a total of 10 fourplexes over the next two years. My fund partner, Leah, was born and raised in the area, and has witnessed the growth patterns in vast undeveloped areas that are now bustling cities. She is currently focused on Thackerville near the Oklahoma-Texas border because it’s in desperate need of housing and so close to booming job growth. At the time of the interview she said there was only one rental on the market and just 11 homes for sale.   If you’d like to check on all the build-to-rent stats mentioned in this podcast, check for links in the show notes at newsforinvestors.com. You can find out more about our rental fund at growdevelopments.com. My partner Leah also provided a lot of information about why she thinks this area is ready to blast off on a recent Real Wealth Show with the title: “The Nearby Texas Market that’s Poised to Blast Off!”   RealWealth can help you create a financial safety net with real estate. It’s free to join and gain complete access to all our data and resources. And please remember to subscribe to this podcast and leave a review!    That’s it for today! Thanks for listening. Kathy Fettke   Links:   1 - https://www.realpage.com/analytics/btr-by-region/   2 - https://squaremile.com/property/development-resident-experience-investor-returns/   3 - https://growdevelopments.com/

The BTR Boom Shows No Signs of Slowing!

In this Real Estate News Brief for the week ending September 16th, 2023... two more reports on inflation just ahead of this week’s Fed meeting, single-family versus multi-family rent growth, and why two background check companies were fined $5.8 million. We begin with economic news from this past week and another round of inflation reports for the month of August. The Consumer Price Index showed an increase in overall inflation but a drop in the core rate which eliminates pricing for energy and food. The overall CPI rose an unexpected .6%, mostly due to a surge in energy prices. That brought the yearly rate up from 3.2% to 3.7%. But when you strip the numbers down to the core rate, inflation was only up .2% and that small increase lowered the annual core rate from 4.7% to 4.3%... ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to know more about how to buy rental real estate, make sure you are a RealWealth member. It’s free to join and will give you access to all our data on various rental markets along with hundreds of webinars, our experienced investment counselors, more than a dozen property teams, and lots of great ideas about how to get from point A to B in your wealth-building journey!   Thanks for listening! Kathy Fettke   Links:   Kathy's Instagram: https://www.instagram.com/kathyfettke/ Kathy's audiobook on Audible: https://tinyurl.com/retirerichaudible   1 - https://www.marketwatch.com/story/cpi-shows-biggest-increase-in-inflation-in-14-months-efec35e1?mod=economy-politics   2 - https://www.cnbc.com/2023/09/14/ppi-inflation-report-august-2023-.html   3 - https://www.marketwatch.com/story/when-will-inflation-cool-to-the-feds-2-target-by-late-next-year-says-jp-morgan-strategist-bd6f1c25?mod=mw_quote_news   4 - https://www.marketwatch.com/story/u-s-4-week-average-of-jobless-claims-drops-to-lowest-level-in-seven-months-672e01a9?mod=economic-report   5 - https://www.freddiemac.com/pmms   6 - https://www.apartmentlist.com/research/rents-are-falling-slower-in-the-suburbs   7 - https://www.corelogic.com/intelligence/annual-rent-growth-slows-again-june/   8 - https://www.ftc.gov/news-events/news/press-releases/2023/09/ftc-says-truthfinder-instant-checkmate-deceived-users-about-background-report-accuracy-violated-fcra?   9 - https://www.nar.realtor/magazine/real-estate-news/commercial/new-tool-helps-hosts-calculate-short-term-rental-profit

The Real Estate News Brief: August Reports on Inflation, Single/Multi-Family Rent Growth, $5.8 Million Fine for 2 Background Check Companies

The Australian real estate tycoon who became notorious for his comments about millennials wasting money on avocado toast, is making new waves with comments about employee attitudes. Tim Gurner spoke out at an Australian Financial Review conference and told his peers that they have to “kill” this feeling of superiority among employees and to do that, employees, and the economy in general, would need to feel some pain....   ...You’ll find a link to the Fortune article in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to learn more about how to become your own boss through real estate investing, be sure to check out the RealWealth website, and sign up for free. Members will get complete access to all our information, resources, and experienced investment counselors, with no cost, and no obligation to buy anything.   Links:   1 - https://fortune.com/2023/09/13/australia-real-estate-ceo-tim-gurner-pain-in-economy-avocado-toast/ 

Australian Real Estate Tycoon Calls for Economic Pain to “Kill” Employee Arrogance

More big landlords and property managers are getting hauled into court over alleged rent-fixing. I recently reported on a lawsuit against RealPage and institutional landlords who use the company’s YieldStar rent-setting platform. Now there are similar allegations against Yardi Systems and 18 property management companies.  Seattle-based law firm Hagens Berman filed the lawsuit accusing Yardi and the property management firms of a scheme to fix apartment rents nationwide. The attorneys say that the companies used Yardi’s RENTmaximizer tool to automatically raise rents so they wouldn’t compete with each other. That eliminated the need for discounts and other move-in deals to entice tenants... ...You can read more about the Yardi lawsuit by following a link in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   You can find out more about the business of single-family rentals at RealWealth.com. Sign up for free and enjoy a wealth of information about how to find and manage rentals, without breaking any laws!    That’s it for today! Thanks for listening. Kathy Fettke   Links:   https://www.bisnow.com/national/news/multifamily/yardi-18-real-estate-firms-accused-of-rent-fixing-in-class-action-lawsuit-120603

Another Class-Action Rent-Fixing Lawsuit!

In this Real Estate News Brief for the week ending September 9th, 2023... we’ll tell you the mortgage rate buyers are waiting for, the homebuying expectations for millennials, and a new super low 1% down payment program.   Economic News   We begin with economic news from this past week, and comments from three Federal Reserve Bank Presidents about the possibility of more rate hikes. New York’s Bank President, John Wiliams, spoke at a conference and said that monetary policy is in a good place right now with the desired effects. But, he says: “Going forward, we will have to keep watching the data… and asking ourselves the question ‘is this sufficiently restrictive, do we need to maybe raise rates again?” He also says that worries about a recession have essentially vanished, although he expects the unemployment rate to hit 4% in the coming months. It’s currently at 3.8%.... ...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.com. It’ll take just a minute to sign up and will give you complete access to our website. That includes hundreds of webinars, data on different rental markets, a curated list of real estate professionals and property teams, and access to our own experienced investment counselors.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/feds-williams-says-monetary-policy-is-in-a-good-place-recession-talk-has-vanished-270384ec   2 - https://www.marketwatch.com/amp/story/chicago-feds-goolsbee-suggests-central-bank-is-almost-done-raising-rates-bd88492e   3 - https://www.marketwatch.com/story/feds-logan-says-skipping-rate-hike-in-september-does-not-imply-stopping-61a077c   4 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-216-000-lowest-level-since-february-bfe4111f?mod=mw_latestnews   5 - https://www.freddiemac.com/pmms   6 - https://www.cnbc.com/2023/09/05/mortgage-rate-tipping-point-homeowners-say-5percent-is-the-magic-number.html   7 - https://www.redfin.com/news/gen-z-millennial-affordability-barrier-to-homeownership/   8 - https://www.cnn.com/2023/08/25/homes/zillow-low-down-payment-loan/index.html

The Real Estate News Brief: Mortgage Rate “Magic Number”, Millennial Homeownership, 1% Down Payment Program

Are you thinking of buying land as a place to build your dream home or to own as an investment opportunity? With such a tight inventory of already-built homes, land sales are increasing across the country and so is a real estate scam known as title fraud. According to an attorney for the National Association of Realtors, title fraud has become a more popular tactic among real estate fraudsters than wire fraud. (1)   We’re seeing more and more headlines about land that’s being sold without the property owner’s knowledge, and warnings from various authorities and real estate professionals about title fraud. It’s also being called “vacant land fraud” and “seller impersonation fraud” according to one story out of Nevada. (2) The Nevada Division of Insurance and the Nevada Real Estate Division have been warning residents about this kind of scam...   ...You can read more about this topic and the precautions you can take to prevent it from happening by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   If you’d like to know more about how to buy real estate for investment purposes, sign up for a free membership at RealWealth.com. It’ll take just a minute to sign up and will give you complete access to our website. That includes hundreds of webinars, data on different rental markets, a curated list of real estate professionals and property teams, and access to our own experienced investment counselors.   Thanks for listening! Kathy Fettke   Links:   1 - https://www.businessinsider.com/land-fraud-explained-how-properties-being-sold-from-under-people-2023-9   2 - https://www.fox5vegas.com/2023/08/31/nevada-warns-residents-increasingly-common-real-estate-scam/   3 - https://www.reviewjournal.com/investigations/a-rising-fraud-scammers-are-selling-other-peoples-real-estate-2871438/ 4 - https://www.businessinsider.com/mans-arizona-lot-sold-for-200000-without-him-listing-it-2023-8  

Don’t Let Title Fraud Turn You Into a Victim!

 In this Real Estate News Brief for the week ending September 2nd, 2023... what the Fed’s favorite inflation gauge is telling us about July, the home buying slowdown among investors, and plans for a brand-new bustling city in the San Francisco Bay Area.   We begin with the Fed’s preferred inflation gauge showing a slight uptick in July. The Personal Consumption Expenditure price index rose 3.3% compared to the previous year. That’s up from 3% in June. The core rate which excludes food and fuel was also up from 4.1% in June to 4.2% in July. The report is fuel for the Fed’s next meeting when officials will decide on whether to hike short-term rates once again...   You can read more about these stories by following links in the show notes at newsforinvestors.com. While you are there, be sure to sign up for a free RealWealth membership. You can learn more about how and where it makes sense for you to invest. You can also look at sample rental properties, get your questions answered by experienced investment counselors, and connect with property teams and other real estate professionals. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/inflation-rate-rises-slightly-in-july-pce-finds-f496f493   2 - https://www.nytimes.com/2023/08/31/business/economy/fed-inflation-july.html   3 - https://www.reuters.com/markets/rates-bonds/feds-bostic-says-us-interest-rates-are-high-enough-2023-08-31/   4 - https://www.reuters.com/markets/rates-bonds/feds-bostic-says-us-interest-rates-are-high-enough-2023-08-31/   5 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-in-four-weeks-3b2da360   6 - https://www.marketwatch.com/story/u-s-creates-187-000-jobs-in-august-382df422?mod=economy-politics   7 - https://www.freddiemac.com/pmms   8 - https://www.redfin.com/news/investor-home-purchases-drop-q2-2023/   9 - https://www.nytimes.com/2023/08/25/business/land-purchases-solano-county.html     

The Real Estate News Brief: Inflation Ticks Higher, Investor Activity Slows, Plans for New SF Bay Area City

Like any industry, there are plenty of stories within the real estate world about lawsuits, fraud, and scandalous behavior. Some of the latest headlines include the resignation of the president of the National Association of Realtors in the midst of a scandal, a huge class-action price-fixing lawsuit against RealPage and some of the nation’s biggest landlords, and a real estate influencer in Philadelphia accused of swindling starry-eyed first-time real estate investors. I thought I’d dedicate this episode to those stories and a few others... If you’d like to learn more about real estate investing without breaking any laws, please sign up as a RealWealth member. Membership is free and will give you full access to our website and resources, including our property teams and our investment counselors. You can also catch up on any episodes you’ve missed and find links to our sources at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.cnn.com/2023/08/29/homes/nar-president-resigns/index.html   2 - https://therealdeal.com/national/2023/08/29/national-association-of-realtors-pocket-listing-suit-revived/   3 - https://therealdeal.com/national/2023/08/20/philadelphia-real-estate-influencer-accused-of-fraud/   4 - https://therealdeal.com/national/2023/08/20/philadelphia-real-estate-influencer-accused-of-fraud/ 5 - https://therealdeal.com/miami/2023/08/18/miami-realtor-sentenced-in-ppp-fraud-case/  

Disgraced NAR Chief and Other Real Estate Legal Wranglings

In this Real Estate News Brief for the week ending August 26th, 2023… tough talk on inflation from the Fed Chief, when and why we might see a surge in home prices, and what Texas is doing to manage a booming economy north of Dallas.   We begin with economic news from this past week and comments from Fed Chief Jerome Powell. He delivered the keynote address at the Kansas City Fed’s annual retreat in Jackson Hole, Wyoming. He reiterated previous sentiments about making progress on inflation, but says it’s still too high and the central bank plans to “keep at it until the job is done.” He said: “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective” – which is 2%...    ...The North Texas area is becoming a global technology hub as semiconductor companies move into the area. That’s creating tens of thousands of jobs, and with all those jobs, a surge in housing demand. We are capitalizing on this opportunity at RealWealth with a North Dallas Rental Fund for accredited investors. You can find out more about this fund at growdevelopments.com.   That’s it for today. You can listen to past episodes and check for links to our news sources at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there to learn more about how and where to invest in real estate. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Follow Kathy on Instagram at: https://www.instagram.com/kathyfettke/ Purchase Kathy’s audiobook on Audible at: https://tinyurl.com/retirerichaudible   Links:   1 - https://www.marketwatch.com/story/powell-unsure-of-the-need-to-tighten-further-b43a9d18?mod=federal-reserve   2 - https://www.marketwatch.com/story/jobless-claims-drop-to-3-week-low-of-230-000-still-no-sign-of-rising-u-s-layoffs-1f1411f6?mod=economic-report   3 - https://www.marketwatch.com/story/u-s-home-sales-fall-in-july-as-rates-rise-and-listings-fall-33b79a54?mod=economic-report   4 - https://www.marketwatch.com/story/u-s-new-homes-sales-rise-4-4-in-july-533ab184?mod=economic-report   5 - https://www.freddiemac.com/pmms   6 - https://markets.businessinsider.com/news/commodities/housing-market-outlook-recession-home-prices-mortgage-rates-fannie-mae-2023-8   7 - https://finance.yahoo.com/news/house-prices-wont-fall-ndash-195516944.html   8 - https://www.rentcafe.com/blog/rental-market/market-snapshots/new-apartment-construction/ 9 - https://www.bizjournals.com/dallas/news/2023/08/18/txdot-greg-abbott-115-billion.html

The Real Estate News Brief: Tough Talk on Inflation, Home Prices Could Surge, North Texas Investment

Building a small rental unit on your property is a great way to create passive income, but housing experts say that accessory dwelling units, or ADUs, can also help solve the nation’s housing crisis. And there are a growing number of states that are allowing them. Plus, three states are actually paying people to build them!   California was the first to legalize ADUs back in 1982 The law allowed homeowners to build a second unit but local governments hampered the effort with restrictions. Some municipalities charged hefty “impact fees” or imposed complicated and expensive permitting requirements. There may have also been restrictions on renting the units if the owner didn’t live on the property and problems qualifying for a loan to build an ADU...   If you live in a place that allows ADU’s, It’s now time to check your yard for space to build an ADU that can bring you some passive income! You can also find out how to become a landlord at our RealWealth website. Membership is free! You can also catch up on any episodes you’ve missed at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?utm_campaign=BMI&utm_medium=email&_hsmi=271469296&_hsenc=p2ANqtz-_-Hlar9T334pF3qolJt4tha6w2J6owC4q8dk-bEGPqJ1cu2FHzL0uPQKvYkVbr0EF1LiWvSP8vwxxXhrRyDCAbkgUURA&utm_content=271469296&utm_source=hs_email   2 - https://www.governing.com/community/the-role-of-adus-in-easing-americas-housing-crisis   3 - https://www.businessinsider.com/states-will-compensate-you-for-building-tiny-home-adu-2023-8?inline-endstory-related-recommendations= 4 - https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?utm_campaign=BMI&utm_medium=email&_hsmi=271469296&_hsenc=p2ANqtz-_-Hlar9T334pF3qolJt4tha6w2J6owC4q8dk-bEGPqJ1cu2FHzL0uPQKvYkVbr0EF1LiWvSP8vwxxXhrRyDCAbkgUURA&utm_content=271469296&utm_source=hs_email

Can You Get Paid to Build an ADU in Your Backyard?

In this Real Estate News Brief for the week ending August 19th, 2023... what economists say the Fed will do next, a new record high for U.S. home values, and the cities with the biggest need for new housing.   We begin with the results of a poll among economists on whether the Fed is through with rate hikes. Reuters polled 110 economists for their opinion on what the Fed will do next. 90% of them believe the Fed will keep interest rates right where they are. About 80% don’t think we’ll see another rate hike for the rest of the year. And, a slight majority are anticipating a rate cut by March...   Please sign up for free membership at our RealWealth website if you’d like to learn more about how and where to invest in real estate. You can also catch up on any episodes you’ve missed at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   Links:   1 - https://www.reuters.com/markets/rates-bonds/fed-done-hiking-slim-majority-economists-say-no-rate-cut-through-march-2023-08-18/   2 - https://www.cnbc.com/2023/08/16/fed-meeting-minutes-signal-coming-rate-moves.html   3 - https://www.marketwatch.com/story/jobless-claims-fall-11-000-to-239-000-layoffs-in-the-u-s-still-low-c9cd3418?mod=economic-report   4 - https://www.marketwatch.com/story/builder-confidence-falls-for-the-first-time-in-2023-despite-strong-u-s-home-buying-demand-f6b543e1?mod=economic-report   5 - https://www.marketwatch.com/story/builders-ramped-up-construction-of-new-homes-in-july-6d087590?mod=economy-politics   6 - https://www.freddiemac.com/pmms   7 - https://nationalmortgageprofessional.com/news/us-home-values-soar-record-468-trillion-amid-housing-shortage   8 - https://www.bloomberg.com/news/articles/2023-08-14/san-francisco-real-estate-declines-spur-property-tax-assessment-appeals   9 - https://finance.yahoo.com/news/housing-market-2023-4-cities-113007105.html

The Real Estate News Brief: Economist Rate Hike Predictions, U.S. Home Values Surge, Cities In Need of Housing

In addition to the tragic loss of lives in the Maui wildfire, residents and insurance companies are assessing property losses which are currently coming in at about $3.2 billion. But it won’t just be Maui residents paying for this fire. Insurance companies will be raising rates for everyone to help cover their losses.   As reported by Barron’s, insurance companies won’t have any problem paying claims for fire losses in Maui. The U.S. property and casualty industry is well-capitalized with about $980 billion at the end of last year. That’s according to the Insurance Information Institute. The Institute’s Janet Ruiz told Barron’s: “The Hawaii insurance market is stable. Insurance companies are prepared to handle catastrophes.”   But analysts and industry experts say insurance companies are already raising rates as natural disasters cause more and more damage across the U.S. and the Maui wildfire will only reinforce this trend. Insurance companies will raise rates based on what they expect to pay out in the next few years...   If you’ve missed some of our episodes, you can catch up at https://www.newsforinvestors.com. You can also hit the Join for Free button to become a RealWealth member. And please remember to hit the subscribe button, and leave a review!   Links:   1 - https://www.barrons.com/amp/articles/maiu-hawaii-wildfire-homeowners-insurance-2fbc156   2 - https://www.nytimes.com/2023/08/11/us/maui-wildfires-housing.html   3 - https://www.washingtonpost.com/nation/2023/08/14/hawaii-housing-crisis-lahaina-homes-maui-fires/   4 - https://www.newsweek.com/investors-calling-maui-wildfire-victims-buy-their-land-1819600   5 - https://www.nar.realtor/magazine/real-estate-news/realtors-give-1-5m-to-aid-maui-wildfire-recovery

Wildfire Creates New Housing Crisis in Maui

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 to 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 Real Estate News For Investors podcast! Like what you hear? Don't forget to subscribe! Love what you hear? Please leave us a review! Thanks for listening!

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Real Estate News: Real Estate Investing Podcast

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