News

Local Market Monitor’s National Economic Outlook for November ’22 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer November, 2022 Recent data about more jobs and an improving Gross Domestic […]

AAA Predicts Over 55 Million People Will Travel for Thanksgiving The venerable AAA says it’s time to “buckle-up” this Thanksgiving as they say over 55 million people will be traveling – up 1.5% from 2021.  They expect this year to be the third busiest for Thanksgiving travel since AAA started tracking this data in 2000.

It’s finally here: Propy Meta Agent Course It’s been a long time coming, but we’re proud to announce that the Propy Meta Course – the course that lets you learn and explore the value of the metaverse – is here! Developed by Web3 real estate experts, the course will assist you in understanding and navigating

Evictions and Trusts Evictions and Trusts By Jeffrey S. Watson Not long ago, I did a short series on trusts being used by real estate investors. A memo came across my desk recently from a highly-respected eviction attorney in Cleveland, Ohio. The Cleveland Municipal Housing Court is now doing something that will probably spread to

Home Prices Rose Year-Over-Year in 98% of Metro Areas in Q3 2022 The National Association of Realtors say an overwhelming majority of metro markets (98%) saw home price gains in Q3 2022 despite rising mortgage and declining sales.   In fact, they report that 46% of the tracked metro areas saw double-digit price increases, which was

.3 Trillion in Equity Vanishes in Q3 According to Black Knight’s Mortgage Monitor Report for September, 2022, median home prices fell 0.52%, continuing a three-month streak of declines.  They say that despite price corrections, home values in the nation’s 50 largest markets remain elevated by anywhere from 19% to 66% since the start of the

MBA Says Mortgage Payment to Rent Ratio Highest Since 2009 A recent Chart of the Week from the Mortgage Bankers Association says the mortgage payment to rent ratio (which was 1.46 in September) is the highest that it has been since the beginning of their series in 2009, with the chart below illustrating this fact. 

Bold Predictions on How Supply-Chain Challenges Will Affect Real Estate Investing & Material Prices Brian Hamrick On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Jeff Davis, managing partner of Bridgestone Capital, who solves complex supply chain issues for clients all over the globe. Jeff shares

Five Facts About Veterans Day Today, Friday, November 11th is Veterans Day… Here’s a little history about this important day;  In 1918, the armistice of the First World War officially took effect on the 11th day, of the 11th month, at the 11th hour.  The following year President Woodrow Wilson declared November 11th as Armistice

Record Number of Buyers Migrate from One Metro to Another A new report from Redfin says surging mortgage rates and persistently high home prices are motivating many home buyers to relocate to more affordable areas, but they say migration may slow as the economy continues to soften.  According to their research, 24.2% of homebuyers nationwide