Real Estate Economists Forecast Slower Economy, Not Recession

Real Estate Economists Forecast Slower Economy, Not Recession

Odds are fairly low that the historically long U.S. economic expansion ends in recession by 2021, according to the Urban Land Institute’s latest real estate economic forecast.

Panelists detailing the findings during a ULI webinar put the probability of recession between 30% and 40%. Instead of recession, economic growth likely will slow over the next couple of years, the semiannual survey of 41 economists at 32 real estate firms found. 

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Fed Cuts Key Interest Rate for Second Time This Year

Fed Cuts Key Interest Rate for Second Time This Year

The Federal Reserve reduced the federal funds rate by 25 basis points (bps) today, bringing the target range down to 1.75% to 2.0%. With this reduction, monetary authorities are moving to mitigate the negative effects of various risk factors—largely external—that continue to mount. Additionally, the interest rate on excess reserves was reduced to 1.8%—representing a decrease of 30 bps—to alleviate stress in short-term lending markets.

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Americans View Real Estate As The Safest For Long term Retirement Investing

Americans View Real Estate As The Safest For Long term Retirement Investing

We like these kind of surveys because they always point out what we real estate investors already know - that investing in real estate is not only a smart choice but the best choice for the long run! That being said, the folks over Sophisticated Investor conducted a survey asking 2k US respondents which investments they regarded as the safest for long-term retirement investing.

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Home Prices Well Below National Levels in Opportunity Zones

Home Prices Well Below National Levels in Opportunity Zones

According to new report about Opportunity Zones from ATTOM Data Solutions, roughly 80 percent of the zones had median home prices in the Q2 2019 that were below the national figure of $266k and that half had median prices of less than $150k.  In addition, they compared Opportunity Zones to surrounding regions and found that median Q2 2019 prices in about one in four zones were less than 50% of the typical value in the Metropolitan Statistical Areas in which they exist.  Indeed...

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Turning Obsolete Buildings Into Climate Controlled Self-Storage

Turning Obsolete Buildings Into Climate Controlled Self-Storage

Have you ever thought about turning obsolete buildings into climate controlled self-storage? That subject was tackled in a recent episode of the Rental Property Owner & Real Estate Investor podcast. Host Brian Hamrick interviews Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert undervalued warehouse space into climate controlled Self-Storage Facilities.

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13 Lessons on Transformational Change

13 Lessons on Transformational Change

The Greeks had a saying: “Know thyself.” Because you are always with you, you might be tempted to believe that you know yourself better than anyone else. Sadly, this is untrue. In a lot of ways, it is easier for others to see some of your nature than it is for you to recognize it in yourself.

Because this is true, you rarely see the obstacles that prevent better results, the largest of which are of your own making.

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