Real Estate News: Real Estate Investing Podcast Kathy Fettke | RealWealth

Dallas may soon have another feather in its cap when it comes to attracting people, businesses and growth to the region. Some of the world’s largest financial institutions just announced the launch of a new stock exchange in Dallas that could be a catalyst for more business and population growth. Some are even speculating that the Texas Stock Exchange will help turn Dallas into a global banking hub that could rival Wall Street.
 
Hi I’m Kathy Fettke and this is Real Estate News for Investors. Please sign up for a RealWealth membership at newsforinvestors.com to find out how Dallas is benefiting RealWealth investors. We have a property team there that can help you find rental properties in high-demand areas. 
 
As for this new Texas Stock Exchange, Mike Rosa of the Dallas Chamber of Commerce told Bisnow: “This might tip the scales” and attract even more corporate relocations to Texas. The Longhorn State is already known as a business-friendly state with a low cost of living and no state income tax. 
 
Bisnow points out that the business environment that is attracting so many companies to move to Texas is also great for a new stock exchange. Commercial site selection expert John Boyd lists the advantages as a great mid-continent location in the central time zone, airport and seaport connectivity, and already existing financial and cybersecurity companies. Plus, he says of the biggest backers: “Can you think of two better supporters than BlackRock and Citadel?”...
 
...At RealWealth, we have been watching the real estate boom in Dallas for a long time, and it’s still going. Sign up for a free RealWealth membership at newsforinvestors.com and check out our page on Dallas! And remember to subscribe to the podcast and leave us a 5-star rating! 
 
Links:
 
https://www.bisnow.com/national/news/commercial-real-estate/this-could-tip-the-scales-new-stock-exchange-could-make-texas-an-even-stronger-bet-for-companies-124657
 
https://www.prnewswire.com/news-releases/txse-group-inc-announces-plans-to-create-the-texas-stock-exchange-302164049.html
 
https://www.cnn.com/2024/06/05/investing/texas-stock-exchange/index.html
 
https://therealdeal.com/national/atlanta/2024/06/11/large-leases-bolster-atlanta-office-market/

In this Real Estate News Brief for the week ending June 8th, 2024... why a strong jobs report discourages the Fed from cutting rates, why Americans may have an easier time finding a home to buy, and which metro is experiencing the most apartment construction.
 
Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I encourage you to take a moment to sign up for a free RealWealth membership at newsforinvestors.com. Once you’re signed up, sign in and check out our webinar page. Coming up this week is a webinar on asset protection and estate planning for millennials through boomers. Sign up and join us!
 
Back to our economic news. We begin with news from this past week that gave us a strong jobs report and less reason to expect a near-term interest rate cut. Fed officials are meeting this coming week so we may get a clue about when they may cut rates, but economists believe the strong jobs report will give them reason to hold off on a rate cut since it alleviates some amount of worry about how the high-interest rate environment is impacting company decisions on hiring. And inflation has not yet returns to the Fed’s 2% target...
 
...Despite that slight drop in occupancy, RealPage researchers believe the market is balanced due to solid job and population growth. That kind of data has also put Huntsville on our own radar for single-family rental investing. Join RealWealth for free to find out more about Huntsville!  
Thanks for listening! And please don’t forget to subscribe!
 
Kathy Fettke
 
Links:
 
1 - https://www.marketwatch.com/livecoverage/jobs-report-for-may-critical-employment-data-on-tap-as-bond-yields-dive/card/economy-creates-strong-272-000-new-jobs-in-may-fed-rate-cuts-are-going-to-have-to-wait--IJHHmgWkVEjT8PcJbzso
 
2 - https://www.cnbc.com/2024/06/07/jobs-report-may-2024-us-job-gains-totaled-272000-in-may.html
 
3 - https://www.marketwatch.com/story/jobless-claims-climb-to-4-week-high-of-229-000-but-layoffs-still-show-little-sign-of-accelerating-4f29ebe6?mod=economic-report
 
4 - https://www.marketwatch.com/story/construction-spending-falls-for-second-month-in-a-row-43159d63?mod=mw_latestnews
 
5 - https://www.freddiemac.com/pmms
 
7 - https://www.realtor.com/news/trends/housing-inventory-returning-to-normal-may-2024-economists-say/
 
8 - https://www.globest.com/2024/06/03/here-is-the-fastest-growing-apartment-market-in-the-us/
 
9 - https://www.credaily.com/newsletters/singlefamily-rental-construction-39-yoy/#:~:text=Homebuilder%20bliss%3A%20In%202023%2C%20developers,according%20to%20a%20WSJ%20report.

 

It’s a breath of fresh air to see that the number of homes for sale is heading back “up” toward normal. We’ve heard for so long about a tight inventory that’s making homes more expensive and harder to find. But a new Realtor.com report is showing a sharp rise in for sale listings that some real estate experts are calling an “incredible trend.”
 
Hi I’m Kathy Fettke and this is Real Estate News for Investors. If you’re new to real estate or looking for ways to expand your experience, sign up for a free RealWealth membership at newsforinvestors.com, and check for upcoming webinars. We’ve got one scheduled for June 13th on “Insider Secrets for Investing with Your Retirement Funds.” You can see the full calendar once you sign into our portal as a member. And subscribe to the podcast while you've got a minute and leave us a review! 
 
Now back to Realtor.com’s Monthly Housing Market Trends Report for the month of May. The report shows the total number of active listings as more than 35% higher than a year ago in May. That’s after seven months of growth that includes a 6.2% bump for the month of May and, before that, a 12.2% bump for the month of April.
 
Other data from the report shows that the median price of a home has remained stable with just .3% of growth for the year and a median price of $442,500. But there has been a 3.8% increase in the price per square foot. That points to a larger number of smaller, more affordable homes that are being listed with a higher price per square foot...
 
Links:
 
1 - https://www.realtor.com/research/may-2024-data/
 
2 - https://www.realtor.com/news/trends/housing-inventory-returning-to-normal-may-2024-economists-say/

In this Real Estate News Brief for the week ending June 1st, 2024... we take a look at how the latest inflation report might influence the Fed’s rate-cutting decision, the return of the zero-down mortgage, and two new rent growth reports for single-family homes and apartments. 
 
Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I encourage you to sign up for a free membership at RealWealth. We will help you understand the real estate market, and how you can make wise investment choices. One way to jumpstart your education is to go on a property tour. There’s one coming up for San Antonio next week so please join us!
 
Getting back to economist news from this past week. The latest inflation report reignited hope for a rate cut this year. The Fed’s preferred Personal Consumption Expenditure index for April shows the overall inflation rate up .3%, which economists had forecast. But the core rate, which strips out prices for food and gas, was a surprise, at an increase of .2%. That’s the smallest monthly increase for the core rate this year. The annual overall rate is now 2.7% and the core rate, 2.8%. Both are inching closer to the 2% level that the Fed is targeting...
 
...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!
 
Thanks for listening!
Kathy Fettke
 
Links:
 
1 - https://www.marketwatch.com/livecoverage/april-pce-report-key-inflation-data-may-show-slowest-core-growth-of-the-year/card/april-pce-shows-smallest-increase-in-core-inflation-this-year-5D5wVFUrJSssAziesr4g
 
2 - https://www.marketwatch.com/story/feds-williams-expects-inflation-to-cool-in-the-second-half-of-the-year-ad9987f0?mod=inflation
 
3 - https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
 
4 - https://www.theguardian.com/business/article/2024/jun/03/european-and-canadian-central-banks-expected-to-cut-interest-rates-this-week
 
5 - https://www.marketwatch.com/story/jobless-claims-rise-slightly-to-219-000-in-latest-week-35cf88d5?mod=economic-report
 
6 - https://www.marketwatch.com/story/home-prices-reach-new-high-in-march-case-shiller-says-fueled-by-scarcity-eedff4b5?mod=aarthi-swaminathan
 
7 - https://www.marketwatch.com/story/pending-home-sales-plunge-as-home-buyers-steer-clear-of-7-mortgage-rates-abcbe9ae?mod=economic-report
 
8 - https://www.freddiemac.com/pmms
 
9 - https://www.cnn.com/2024/05/30/business/zero-down-mortgages-making-a-comeback/index.html
 
10 - https://www.corelogic.com/press-releases/corelogic-com-press-releases-attached-rental-prices-drop-first-time-14-years/
 
11 - https://www.globest.com/2024/05/28/apartment-rents-post-national-monthly-growth-of-over-1-in-may/
 
12 - https://www.redfin.com/news/renters-staying-put-longer/

Investor purchases of single-family homes increased last month. According to a new Redfin report shows investors captured more of the single-family market in the first quarter than they did a year earlier. And it was the first time for this kind of activity since mid-2022.
 
I’m Kathy Fettke and this is Real Estate News for Investors. If you’d like to increase your share of the real estate market, join me on our upcoming real estate tour on June 8th in San Antonio. We'll have a meet and greet the night before somewhere very cool and then tour properties, including brand new duplexes and quads that come with a 4.25% interest rate. Yes you heard me right. RealWealth has negotiated a deal with the builder to buy down rates, so check it out at newsforinvestors.com. You’ll find our upcoming webinars and property tours under the  “Connect” tab. 
 
And you won't be alone. As the Redfin report shows, investors are scooping up as many residential properties as they can. Redfin says that investors bought about 44,000 homes in the first quarter or 18.7% of all the homes purchased in the US. That’s up from 17.9% the year before, and represents a .5% increase. 
 
The numbers represent all homes including single-family homes, townhomes, condos and multifamilies, but Redfin says the surge was mostly driven by investors buying single-family homes. Redfin says that single-family homes accounted for 69.9% of all the residential properties bought by investors. The analysis included a look at 39 of the largest US metros by both large and small investors...
 
...You’ll find a link to the Redfin report in the show notes at newsforinvestors.com.
 
Don’t forget to subscribe to the podcast!
 
Thanks for joining me for Real Estate News for Investors.
Kathy
 
Links:
 
1 - https://www.businesswire.com/news/home/20240515822104/en/Redfin-Reports-Investor-Home-Purchases-Rise-for-the-First-Time-in-Nearly-Two-Years
 
2 - https://www.redfin.com/news/investor-home-purchases-q1-2024/

In this Real Estate News Brief for the week ending May 25th, 2024... what the Fed meeting minutes are telling us about inflation, how much single-family homes are shrinking, and which cities are attracting millennials.
 
Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we get started, I want to invite you to join me in San Antonio for our property tour on June 8. We will be meeting with a builder there who has brand new duplexes and 4plexes for sale, and is willing to buy down the interest rate for our Real Wealth investors. You can get the details at newsforinvestors.com, just sign up for a free membership and click on the Connect tab for info on our tours. See you there!
 
Now let's begin with economic news from this past week. Minutes from the Federal Reserve’s last monetary policy meeting show that officials are becoming more concerned about a lack of progress on inflation. Members of the Federal Open Market Committee noted that inflation has come down a lot over the past year but is currently stalled. Several expressed a willingness to raise rates further if necessary, although some Fed officials, including Fed Chief Jerome Powell, have said publicly that they don’t think their next move will be a rate hike. Short-term rates have been in a range of 5.25% to 5.5% since July of last 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!  
Thanks for listening!
Kathy Fettke
 
Links:
 
1 - https://www.cnbc.com/2024/05/22/fed-minutes-may-2024-.html
 
2 - https://apnews.com/article/federal-reserve-rates-inflation-prices-loans-economy-64f3d844d7bef34e6c184be7e242b29f
 
​​3 - https://www.cnbc.com/2024/05/22/fed-officials-seem-to-have-no-idea-about-inflation-strategist-says-.html
 
4 - https://www.marketwatch.com/story/jobless-claims-fall-again-to-215-000-strong-labor-market-fuels-u-s-economy-0b866f13?mod=search_headline
 
5 - https://www.marketwatch.com/story/new-home-sales-dip-as-builders-feel-the-toll-of-higher-mortgage-rates-caf7f9f5?mod=mw_latestnews
 
6 - https://www.marketwatch.com/story/housing-supply-hits-highest-level-since-october-2021-but-home-sales-dip-a5fb0a81?mod=mw_latestnews
 
7 - https://www.freddiemac.com/pmms
 
8 - https://eyeonhousing.org/2024/05/new-single-family-home-size-decline-continues/
 
9 - https://www.bisnow.com/dallas-ft-worth/news/industrial/google-to-open-1m-sf-distribution-center-north-of-fort-worth-124343
 
10 - https://finance.yahoo.com/news/5-cities-becoming-popular-millennials-184648436.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAI_Cm2MsSRUD17lSNhW1SE6dmtDy882DSNC4V8y9sCfZIJzm3gBlfCiZ62ExlnllnHZDIkYzIfjFns47s-9llclGmcNpb9wkAPAJpwcF0mmC4DPQo9Wg8OsOLAdHW9jaF8yucA1DLiko_moOkuxT4FxqoZhj-GBllMlT9FDm7_i5