“Mortgage rates have tumbled for the third straight week, with Freddie Mac pegging the 30-year fixed loan at an average of 4.22%, down from 4.32% last week to the lowest level since June.”
First-time homebuyers sidelined by financial challenges
“By most accounts, this year is shaping up to be a positive one for housing, with prices, sales and construction numbers consistently on the rise.”
Tony interviews Nick Manfredi Part 1 of 4
Tony Alvarez interviews Nick Manfredi, CEO of The Manfredi Group. Find out how Nick got started in the real estate business and what motivates him! Nick started out by selling data to real estate investors then decided that he needed a piece of the pie so he could build wealth for himself! How did Nick get started? What were some of Nick’s challenges he had to face when he first got started? Tune in to find out the answers to these questions!
Be sure to sign-up for a FREE membership at www.HDREIN.com to gain access to this FULL interview as well as other interviews with Real Estate Pros including Bruce Norris, Mike Cantu, Rick Solis, Andrea Esplin & MANY MORE!
Gains to the Real Estate Lords: Since 2009 Landlord income up a stunning 85 percent. Interest income has gone negative because of Fed monetary policy. Big money selling into momentum.
“The recovery in real estate has largely gone to big institutional players. Recent data from the US Commerce Department shows that rental income grew the fastest compared to other asset classes since 2009. Of course as we have chronicled over the last few years, most of the distressed property buying has gone to the investor class. The gains in rental income only impact a small portion of the population but the growth has been astounding. Rental income is now up 85 percent since 2009. Even stock dividends up at 44 percent have not met the pace of change in rental income. The trend is reflective of the insatiable demand from Wall Street for rental property over the last few years. Right on time however is the small investor jumping in at a tipping point as inventories rise, big money slows down, and interest rates have an impact on the housing market. Some big funds are even selling into momentum.”
Homebuilder ETFs Under Pressure As Government Drags Its Feet
“After swinging back in September, the housing market and homebuilder exchange traded funds could hit a snag as the government shutdown delays new home loans.”
Will Hottest Housing Markets Cool in 2014?
“The housing markets that have seen some of the biggest rises in home prices will finish the year strong — then the home-appreciation rates will likely start to cool in 2014, one company predicts.”
Rental Vacancy Rate Lowest in More Than a Decade
“The U.S. apartment vacancy rate fell to its lowest level in more than a decade during the third quarter, according to a new report by real estate research firm Reis Inc. It was down to 4.2 percent, the lowest vacancy rate since the third quarter of 2001, when it stood at 3.9 percent.”
5 Things Wealthy People Don’t Do
“You don’t have to be a millionaire to steal these ideas about work, retirement and even getting up in the morning.”
Veros warns housing hot spots won’t stay as hot
“A webinar held today by HousingWire and Veros asked where housing prices are going in 2014.”
Tony’s take on the Government Shutdown (VIDEO)
Tony catches up with us from Smith River and shares his opinion on two real estate news articles he read today. The first article headline read “Sold! Auction.com Looks to Revolutionize Selling Real Estate” put out by CommercialObserver.com and the second article, “U.S. Government Shutdown Threatening Housing Recovery” written by BusinessWeek.com. Tony talks about how the government shutdown is affecting our office and how it directly affects those seeking loans.