By Brad Beckett Labor Day weekend marks the unofficial end of Summer so here’s a quick infographic from WalletHub with some interesting & updated facts about the holiday. As always, have a Happy Friday…..and, of course, Have a Safe and Happy Labor Day Weekend!!! 2022 Labor Day Facts – Travel, Money & More
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website New Single-Family Home Sales Down 12.6% in July The U.S. Government is reporting that sales of new single-family houses in July, 2022 were at a seasonally adjusted annual rate of 511k, which is...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Existing Home Sales Drop 5.9% in July The National Association of Realtors is reporting that existing home sales were down 5.9% in July to a seasonally-adjusted annual rate of 4.81 million (down 20.2%...
If you're wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here's what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original January 2022...
Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Inflation Hits 8.5%, Drops Slightly The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 1.3% in July, 2022. However, the all items index was up 8.5% for...
By Jeffery S. Watson My prior email on “Trusting Your Trustee” generated a lot of feedback, so I want to give you more information and clarity. One of the questions I was asked is, “Do trustees get a nominal fee for handling this type of fiduciary duty?” The answer is yes, a trustee should be paid a reasonable fee for their fiduciary duty and...
By Jeffery S. Watson Many real estate investors consistently use what I call a “grantor revocable title holding trust”, which is a more accurate term than “land trust”, to take and hold title to a piece of real estate they buy for investment purposes. Such trusts can be used whether the property is being held as a long-term rental or being bought...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Despite Pleas from Landlords, Los Angeles Extends Ban on Evictions Los Angeles’ Channel 7 (KABC) is reporting that, despite pleas from frustrated landlords, the LA City Council voted 11-1 in late July to...
By Brad Beckett The Visual Capitalist says depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In their graphic today, they illustrate the annual salary needed for home ownership in 50 different U.S. cities. Stay safe and have a Happy Friday!!! “In New York City, for example, a person needs...