Black Hole Of Real Estate Podcast

Behind The Scenes At The Fed...    ...There is some talk that Fed Chair Jerome Powell may not make it to the end of his term There are 12 members of the FOMC (Federal Open Market Committee) that are trying to set the proper economic policy to keep inflation in check there are critics that feel they have held rates stable for far too long other economies around the world have lowered rates  and gai...

If I Were Selling A Home Today...    ...I wouldn't be making any rash decisions with market conditions such that they are buyers are taking longer to make big purchase decisions some are literally frozen in place  as they try to comprehend all of the conflicting data they are reading the economy and inflation are certainly adding to the confusion its quite common for people to do nothing in these...

If I Were Buying A Home Today... ...I would not be trying to do anything tricky I would be focused on the main goals of selecting the right home at the right price in the right location more and more I see home buyers over complicating their search and its the exact wrong thing my 2 cents - Under Think It get very clear on the 4-5 non negotiable things you want in a home and hold firm on getting m...

Hurricane Storm Season Downgraded...    ... as Colorado State University Researchers are dialing back their forecasts Hurricane Season begins on June 1st and Ends on November 30th A typical year has 14 named storms 7 hurricanes and among those 3 that make landfall in Florida Thus far we have had 3 Named Tropical Storms Andrea, Barry, and Chantal... none of which made landfall or casused significan...

Florida homeowners Insurance Gets Good News... ... 2 more new Insurance Companies have been approved for the Florida Market this brings the total to 14 new companies now available to write homeowner policies since the industry reforms that took place in 2022 and 2023 that decreased the financial incentives that lead to numerous frivolous lawsuits and jammed up the industry, leading to lengthy dela...

Rocket Mortgage, Redfin, and Mr Cooper Have This In Common... ...They are all on the same team now Rocket Mortgage has now completed these acquisition for Redfin  and Mr Cooper is up next and they have beaten Zillow and others to punch in my opinion for many years it has been anticipated that zillow would be the 1st to do what what Rocket has now accomplished and they now have a seamless end to en...

Big 4th Of July Moves... ...Are Going To Be a Rocket Ride for the real estate market Congress just sent the Big Beautiful Bill to the President to sign like it or not, things will be moving quickly in economic circles and with that, a lot of uncertainty disappears for home buyers and sellers The next thing that I believe will happen will be a tremendous amount of pressure dialed up on the Federal...

So You Just Inherited A Home... ...Which can be sad, exciting, and difficult all at the same time In most cases there is a will, which makes known to all, the wishes of the deceased  a decision maker called The Executor, is named in the document a process that is called probate, which is handled by an attorney ensures that the will is legitimate and settles any/all claims to the estate for those t...

The Real Estate Market Is...    ...in GRIDLOCK sellers want their home to sell quicker and buyers want to see even a larger supply of homes to choose from so we have this conundrum of everyone watching and waiting for a breakthrough and we find that most buyers on "PAUSE" which is causing home sellers a lot of anxiety and with that they are searching for ways to increase interest in the home they...

The Biggest Problem In Real Estate...   ...Might just be a combination of things Whether its high prices, interest rates, or the homes available It's Increasingly hard for 1st time home buyers to enter the market and move up buyers are feeling the cost outweighs the benefit die to the lack of available homes in the most sought after areas combine that with affordable housing typically needing repa...

The Timing Of Interest Rate Changes ...   ...is not affecting home prices Once again the Fed decided to keep interest rates the same While individuals, and businesses alike, want rates to be lowered the Fed has signaled that they think rates are where they need to be and unpopular of an opinion as it might be there is some evidence that they aren't necessarily wrong home values increased 3% in the...

Your 1st Air Bnb Property...   ...here is what I would be looking for when making a purchase The 1st thing is don't over think it  Keep it fun and be passionate about creating amazing experiences for your guests and whatever you do - beware of  misleading "news headlines" a recent article from a "major new site" said that investors were selling out they mentioned that 11% of sales in 2024 were inv...

I Just Read That Real Estate Investing Is Dead... ...from a self proclaimed real estate guru I went through their missive with an open mind and what I found was that I believe that they are off base Don't get me wrong I have some common ground with their views The cost of an investment property makes it hard to cashflow on 1st glance rental markets are feeling the pressure of inflation in the econ...

Insurance Cost Going Down...  ...which is great news for home owners and investors this comes on the heels of many years of sharp increases to premiums and large amounts of policies being cancelled by the providers there is a growing number of companies that are holding the line on renewal costs an increasing number of agencies are now actually reducing the annual cost of coverage Citizens Insuran...

NAR Economist Says Market Is Heading... ... Upward with median home prices increasing by 3% in 2025 and that they will grow another 4% in 2026 National Association Of Realtors Chief Economist Lawrence Yun made these statements at the 2025 Legislative Meetings at NAR Interstingly enough - these predictions mirror  What I have been saying on this podcast for the past year Yun goes on to mention that...

Home Prices Up 4%... ...despite the fact that interest rates haven't come down all the while inventory levels continue to increase FHFA - Federal Housing Finance Agency completed a study That compared home prices in 1st Quarter 2024 to 1st Quarter 2025 They found that home values were up 4% nationwide 49 of 50 states saw prices increase with Hawaii being the lone exception The top 5 states with th...

How Long Will It Take To Sell... ... Is a loaded question in today's real estate market and for most its not for the faint of heart both buyers and sellers are feeling the stress points of the sales process 1st and foremost you need to get under contract which is taking longer for both sides these days a well priced home in a great location can sell quickly one that needs repairs and is overpriced...

Closing Costs - Who Pays For What ...     ...each party in a real estate will experience different fees at settlement on the sellers side the biggest expense is trypically the brokers commissions along with that they will likely pay for the title insurance as well as closing fee for the settlement agent that performs the closing in addition, a seller may pay for documentary stamps, estoppel fees a...

Where Did All The Showings Go... ...its a real thing right now as there are very few people actively looking at homes   and its a clear signal to the home sellers out there for homes that are not priced well   based on the condition and location of their property   those will struggle to get showings and offers let alone sell quickly    with multiple offers with excellent terms   thats not say tha...

... Is a home buying strategy with many advantages At a time when real estate inventory continues to increase home buyers remain very particular in what they are looking for and there is a real fear of the pressure that exists when they only have a limited time to select a home and its the exact reason that many choose to make their purchase before they ever put their home on the market and if you...

Did We Just Enter Into A Buyers Market...     ... A lot of home buyers are certainly feeling that way right now We have seen a steady increase in the number of homes for sale And homes are taking longer to sell but does that actually mean that its a buyers market most real estate experts consider 6 months of inventory as the line of demarcation when determining what type of market it is less than...

Springtime Tips To Make You More Money At The Closing Table...   ... here are the Top things that you should do before you go on the market start with decluttering the home make decisions to store, sell, or donate any items that are in the home currently then get the home deep cleaned  don't cut corners on this kitchen and bathroom cleanliness can make the difference between getting a solid offer...

The Fed Interest Rate Move...      ... Wasn't A Move At All Interest rates, once again, remain unchanged In all honesty, the real estate industry doesn't need it right now At a time when market activity historically increases It isn't necessarily important to the real estate industry The time period right after tax season closes out combined with the end of the school year is an annual rewenal of...

Delay Your Taxes Even Longer...  ... is something that almost everyone wants to do A 1031 Exchange is something that I have spent a lot of time on over the years Its a tax strategy used when selling a property that allows the seller to defer (delay) the tax due until a subsequent sale has been completed this allows them to put more of the money to work and pay the taxes somewhere down the road I h...

...its the time of year where things go faster and differently tax season is now done and there is an increase in real estate activity level most people have a very clear financial picture documents are readily available for those that will apply for mortgages snowbirds consider selling their homes those nearing retirement are looking for to relocate landlords are looking to cash in investors are...