If a dog is man’s best friend, and diamonds are a girl’s best friend, then what is a landlord’s best friend? In my thirty-plus years in the industry, I’ve come to discover that having a written, detailed, and well- defined criteria for each of my properties has really become my best friend. And maybe even […]
The Decline in Mortgage Demand for Second Homes We recently posted about how there are around 6.5 million second homes in America. With that in mind, a recent report form Redfin says mortgage demand for second homes has fallen to an 8-year low. Specifically, they say mortgage-rate locks for second homes fell 13.1% year over
Demand for mortgages for second homes has dropped to its lowest level in eight years. Read More »
Americans Continue to Spend Despite Rising Inflation According to Statista, inflation in the United States is on the rise, but that hasn’t stopped Americans from continuing to spend. Census data shows that monthly retail and food services sales have remained steady through July, indicating that consumers are still willing to open their wallets despite economic
Remember that scene in “Mission: Impossible” when they make a voice sample of their target by having them read a set of sentences so they can work up an entire voice match? They then use that to disguise their own voice while they’re wearing the mask of the person they are impersonating. (now that I think about
Applying Tom Cruise’s Mission Impossible antics into your business Read More »
Consumer Price Index Increases by 0.2% in August, 2024 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in August, 2024 (same as July). The all items index was up 2.5% for the 12 months ending in August. The index for shelter rose 0.5%
Inflation has increased by 2.5% compared to the previous year. Read More »
CoreLogic Home Price Insights Report: July 2024 According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.3% in July 2024 compared with July 2023. On a month-over-month basis, home prices grew by 0.01% in July 2024 compared with one year ago. CoreLogic says
I am tired of the massive housing market lies. The narrative that the housing market is going to crash has now been wrong for more than two years. And these lies are costing good and honest people a lot of money in lost opportunities. Let’s look at if Marry the house, date the rate, home
Welcome to the Title Town Duel! In this episode we have East Boston going up against South Boston. About this video: In this video, we will look at 7 categories to determine what is the winning neighborhood. Is it South Boston or East Boston? The 7 categories are: Crime, Commuting Access, Affordability, Education, Culture &
The Battle Of The Neighborhoods: East Boston Vs. South Boston Read More »
Tracking the Impact of Inflation on the Economy At Real Estate Investing Today, we closely monitor inflation as it is a crucial indicator that affects the entire economy. A recent chart from Statista highlights the Consumer Price Index (CPI) categories that have been most impacted by inflation in recent years. The data reveals a significant
Which sectors have been most affected by rising prices? Read More »
U.S. Construction Spending in July 2024 The U.S. government is reporting that total construction spending in July, 2024 was at a seasonally adjusted annual rate of $2,162.7 billion, which is 0.3% lower than June’s revised number. However, July’s revised estimate is 6.7% higher than one year ago. Residential construction came in at a seasonally adjusted
Construction spending in the U.S. experiences a slight decrease once more in July Read More »