Happy 500th Episode! Special thanks to everyone in my Real Estate Insider family for tuning in and checking out my weekly podcast and video blog over the last 9 years! It has been a long, challenging but rewarding journey. It was an accident that I got involved in real estate in the first place (you can check out my bio if you’re interested in that back story). Today for my 500th podcast episode, we’re going to go through 7 things you can and cannot control in real estate. We’ll start by talking about 7 things you cannot control in real estate, which unfortunately but predictably are the real estate topics that you hear about most in the news. The […]
continue readingQ: Interest rates keep going up. When do you think rates will go back down? Bill, Kenilworth, NJ A: Many Fed watchers expect the Fed to lower interest rates in mid 2023 under the assumption that inflation falls back to the Fed’s 2% target. The direction interest rates will move depends on 2 things: 1) how persistent inflation is over the next 6-9 months and 2) if we are in a full blown recession by mid 2023. If inflation is lower, rates are likely to go down and if we are in a full blown recession in mid 2023, the Fed will likely lower rates. Thanks for your question, Bill. For more real estate tips and information visit my blog […]
continue readingQ: I hear a lot of talk about inflation lately. How will inflation affect homeowners like me? Mike, Rutherford, NJ A: Yes, the pandemic has had a big impact on economies worldwide and has resulted in much higher consumer prices for many items. The good news for homeowners is that historically, real estate has been a great hedge against inflation. In the 1970s when inflation was high, home prices outperformed consumer prices. Since the 70s, home price growth has matched or exceeded consumer price inflation. This is good news for homeowners because the appreciation of the value of your home, which for most people is by far their most valuable asset, in the long run is much more important than […]
continue readingMultifamily investors are lengthening their hold periods, as inflation fears and dearth of available product disrupt local real estate markets.
continue readingFast-rising housing costs have helped to push inflation to a 13-year high.
continue readingApartment developers continue to be stressed by the unpredictable cost of construction materials. Overall, construction material prices keep rising faster than inflation.
continue readingHome prices are rising twice as fast as inflation according to Case-Shiller Home Prices Indices.
continue readingFrom 1992-2005, home prices went up 205% while income during that period only rose 10%.
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