Author: josh
The next time you’re stuck in a career rut, or wondering how to process the economy around you, why not ask Ray Dalio? The wealth of experience accumulated by the billionaire hedge fund founder will soon be at the fingertips of users thanks to his new AI clone, Digital Ray, which will provide consumers with coaching, guidance, and mentorship. Writing on X, the Bridgewater Associates founder said he was excited by the prospect of his clone because it will allow him “to have unlimited conversations with people I previously didn’t have the time to have exchanges with.” Announcing the clone—which…
When you’re buying a home, the last thing you want in an inspection report is a potential structural or foundation problem. Some buyers may decide to walk away, but if you’re serious about the home, a structural inspection is the next step. A structural engineer will look at the foundation, framing, and other load-bearing elements that keep a house safe and stable. Most of the time, the inspection can put buyers at ease and verify whether the issue is just normal settling or if further attention is needed. Whether you’re buying in areas prone to foundation problems, like Philadelphia or…
With more than $173 million lost in real estate-related cyberattacks in 2024, Cybersecurity Awareness Month is a great time to remind real estate agents about the steps they can take to protect their sensitive information. The real estate industry is a goldmine for hackers, due to the amount of personal information that’s included on contracts, bank wiring details, and the large sums of money that are transferred between parties every day. Real estate agents can shield themselves from cyberattacks by taking a few simple steps. These include creating different passwords for all of their accounts, setting up multi-factor authentication, and…
U.S. home prices increased 0.2% from a month earlier in September on a seasonally adjusted basis. On a year-over-year basis, home prices rose 3%, the slowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. San Diego (+1.7%) recorded the highest month-over-month price growth of the 50 most populous U.S. metros, while San Antonio posted the biggest drop (-0.6%). U.S. home prices rose 0.2% from a month earlier in September on a seasonally adjusted basis. Matching August’s 0.2% gain, it was the second consecutive month of positive monthly growth after prices were flat in July (0.0%).…
Dave:More buyers are canceling their contracts right now, which is a little bit scary for sellers, but presents a big opportunity for buyers. Moody’s Analytics just released their long range housing price forecast and we’ve got frauds on the rise in real estate that you need to keep an eye out for this and more on today’s episode of On the Market. Hey everyone, welcome to On the Market. I’m Dave Meyer. Joined today by Kathy Fettke, Henry Washington and James Dainard back together after all being together in person at BP. K. It was so nice to see all…
In This Article Tenant scammers are taking rental fraud to new heights, dipping in and out of false identities as easily as Ethan Hunt swaps masks in Mission: Impossible. However, in the rental scenario, the only thing about to self-destruct is a landlord’s bank account. Gone are the days of forged pay stubs and embellished credit histories. Now, an entire web of fraudulent information, supported by tech-savvy perpetrators, is forcing landlords to adapt by using enhanced screening techniques. These techniques could make some innocent tenants wonder if they were applying to join the CIA instead of moving into a new…
In This Article Single-family rent growth is down, while built-to-rent communities—comprising single-family houses and often funded by Wall Street giants—are up. Is there a connection? Many mom-and-pop real estate investors have long favored single-family homes because they occupy much of America’s real estate landscape and often provide greater financing opportunities and long-term stability. After the housing crash of 2008, investors started to buy single-family houses en masse due to low interest rates and the ease of financing. In the first quarter of 2021, investor purchases of single-family homes peaked at 28% of all investor sales, according to Harvard University’s Joint…
In This Article This article is presented by Range. Your CPA is great at what they do, which is to look backwards on the year. They take last year’s numbers, apply the tax code, and file your return. But by the time they see your financials, it’s too late to implement strategies that could save you thousands. Let’s say you closed on a fourplex in June, started renovations in August, and placed tenants in October. By the time your CPA sees these transactions next March, every opportunity for proactive tax planning has already passed. The entity structure is set, the…
Last Week In A Nutshell Geopolitical tensions and regional bank worries brought rates down last week as investors piled into the safety of Treasuries from the stock market. Upcoming Attractions CPI report (Friday): Originally scheduled for Oct. 15, the CPI data will be released on Friday Oct. 24 to allow the Social Security Administration to calculate cost-of-living adjustments, even if the government is still shut down. Forecasters expect a firm 0.3% increase in prices relative to a month ago, corresponding to a 3.1% annual increase, keeping inflation above the Fed’s target. Existing home sales (Thursday): Redfin expects 4.05m (4% year…
The typical home that sold last month went for 1.4% less than its final list price—the biggest September discount in six years—as a slow housing market empowered buyers to negotiate. The typical home that sold also spent 50 days on the market—the slowest September pace in nearly a decade. Existing-home sales inched up to the highest level in eight months, but pending sales—a more current gauge of demand—fell from both a month and a year earlier. Sellers have started to pull back in response to sluggish demand; active listings fell roughly 1%. Three metrics that measure competition in the U.S.…