Real Estate Realities With Robert "the Rebelbroker" Whitelaw

Any time a market starts to pivot in a new direction, you will find folks trying to sell you on ideas using data that seems relevant,  but isn't. I have recently encountered this reality and I wanted to share ways to understand the concept and to avoid being taken in by it. So join me in the conversation to help buyers and sellers avoid being taken for a ride! #realestate #realestatenews #morganhill #sanjose #sanmartín #gilroy ——————————————————————————————————————————————————  ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/

As we wrap up 2022, it is a good idea to think about what you would like to accomplish in 2023. If you are considering selling your home in 2023, you should get started right now to get ready so that you will achieve the highest price and best terms! So lets do a quick rundown on what should be on your checklist to prepare for a successful home sale! In todays show we will run through options. Ranging from not selling your home right now but renting instead to executing a checklist that gets your home ready - inside and out - for effectively marking your home in todays market!   —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/  

On todays show I wanted to cover some topics about immigration out of Silicon Valley. What could this mean for our local markets in San Jose, Morgan Hill, Gilroy and more broadly in Santa Clara County? Check out todays show for more! Articles You Can Check out: https://www.siliconvalley.com/2022/10/02/bay-area-exodus-residents-still-want-out-new-poll-finds/ https://www.marketwatch.com/story/silicon-valleys-population-shrank-in-2021-unlike-any-time-since-the-dot-com-bust-but-it-wasnt-just-because-people-left-11645142270 https://www.forbes.com/home-improvement/features/states-move-to-from/ https://www.bizjournals.com/austin/news/2022/12/07/oracle-to-sell-california-real-estate.html  

Alameda County and San Francisco both extended the COVID related evictions moratorium. That is over two and a half YEARS that landlords have potentially gone without getting paid rent. Is that fair? What would be fair? In todays show, I want to hear back from you on what you think! I offer what I think makes sense, but that does not mean it is the only solution out there. So chime in and let me know what you think!   —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/  

I came across an interesting article where the Chief Economist for the National Association of Realtors suggests that home prices in 2023 will go up by about 1%. We will chat about that and offer up an alternative viewpoint - particularly regarding what is likely to happen right here in Silicon Valley. ——————————————————————————————————————————————————  ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/

I get so many questions about where to begin when buying a home, I thought I would put together a show that really does start at the beginning to get you headed in the right direction. There will be more shows to follow that cover other aspects of the home buying experience, but this should get you off to a good start! —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/  

Even  when rates drop a bit, we are not seeing an uptick in new mortgages. What does this mean for the market? Where do we go from here? This is likely just one more element that will force home prices down! Join me in discussing how this might shape up in todays show! —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/  

Redfin published an interesting (if not a little bit suspect) list of destinations for San Francisco home sellers. The real headline should probably be more about where they have searched rather than where they actually end up going, because frankly, some of the cities on this list seem like a stretch. In any event, we will do a quick review of this list of locations - they may spell opportunity for saavy buyers or investors. We will also spend some time looking at the latest home builder confidence numbers and actually home construction data. Mortgage demand continues to be at record lows and it looks like San Diego is about to get hit pretty hard and might just turn into a great opportunity. All links provided below!   Links: https://www.redfin.com/blog/where-people-leaving-san-francisco-are-considering-moving-to/ https://calculatedrisk.substack.com/p/september-housing-starts-record-number https://www.cnbc.com/2022/10/18/homebuilder-sentiment-drops-to-half-of-what-it-was-six-months-ago.html https://www

The last time home buyer sentiment was this low it was 2011. Things were NOT good in 2011. We were still right in the middle of the last real estate downturn and huge inventories. If this is where buyer expectations are now, imagine how that will effect our market. Well, you don't have to, because we discuss that on todays show! ——————————————————————————————————————————————————  ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/

Let's try something new! This will be the first in a regularly monthly show where we review the previous months data on the first Monday of the month - a 'real estate hot take'! The reason we usually don't use data this early in the month is because the MLS systems take about 3 weeks to review the data and correct it. Which frequently results in big shifts in the trends shown... such as happened in the data for August!

Straight from the lips of the good folks over at Fannie Mae "...Recession Likely in 2023". Well, I think the most obvious response to that statement would be "Welcome to the party pal!" As seems to be true with most bad news, the headlines and folks in charge always seem to be just a little behind the curve. Even in this admission, Fannie Mae puts the absolute best possible spin on the situation. But hey, we all love optimism... right? Articles: https://www.fanniemae.com/research-and-insights/forecast/housing-and-interest-rates-continue-suggest-recession-likely-2023 https://magazine.realtor/daily-news/2022/09/21/housing-starts-rebound-builders-aim-to-win-buyers-back https://www.calculatedriskblog.com/2022/09/realtorcom-reports-weekly-active.html https://www.cnbc.com/2022/09/21/mortgage-demand-rises-for-the-first-time-in-six-weeks.html https://www.cnbc.com/2022/09/23/some-homebuyers-are-facing-payment-shock-ways-to-save-on-a-mortgage.html https://www.calculatedriskblog.com/2022/09/monthly-mortgage-paymen

The fed will be meeting this week to decide not IF rates will be raised, but by how much. Popular opinions suggest a .75 increase, but lets talk about why it might even be higher!

That's right. I think we are headed for a downturn that just might dwarf the 2006-2008 style crash we saw in real estate. We are in worse financial shape as we try to combat inflation, recessions and a contracting real estate market. On top of that, the latest real estate numbers for Santa Clara County is EXACTLY what I have been predicting. Make sure to check out this months Coffee & Real Estate Live Chat where we are going to discuss this in detail and you can ask questions or make comments. Find more at soldbyrobert.com. #realestate #2023predictions Here are the articles for todays show: https://www.cnbc.com/2022/08/22/50percent-of-employers-expect-layoffs-a-survey-found-heres-how-to-prepare.html https://news.bitcoin.com/peter-schiff-warns-us-faces-a-massive-financial-crisis-economist-expects-much-larger-problems-than-2008-when-the-defaults-start/ https://www.ksby.com/news/national/auto-loan-delinquencies-and-repossessions-are-on-the-rise https://publish.manheim.com/en/services/consulting/used-vehi

This week we sit down with Rich Fettke to discuss his book, The Wise Investor. Rich has an extensive resume including co-founding RealWealth. A company which has helped over 60,000 members improve their financial intelligence and acquire cash flowing income properties. He is also a licensed real estate broker and active investor who was selected as a Rich Dad Author. You can check out Rich, his books and specificall The Wise Investor at the link below: https://www.fettke.com  

Another painful record broken as the affordability of homes has hit a 30 year low. However, we are seeing signs the indicate a slowing in home price appreciation. I have a suspicion that we might just seem home prices actually come down as sellers who must sell adjust their prices down to better align with the current market.

I should have known better. Last week, I shared with you the latest unemployment numbers - and I took them at face value. Which is where I made my mistake! Of course, if I listen to my own advice from previous podcasts where we looked at unemployment, I would have realized there was likely more to the story than what they are sharing in the headlines. Of course, there is. In fact, the actual data implies the opposite of what the talking heads are suggesting. So lets sit down and take another look at those unemployment numbers and see why we should be more worried than not. #realestate #unemploymentupdate #entrepreneur #realestateinvesting

In this weeks show we are looking at a few different bits of economic news that could push our real estate market one way or another. Not a lot of certainty in todays show, but I will offer what I think are prudent actions for buyers, sellers and investors to prepare for the possible eventualities.   Links: https://www.bnnbloomberg.ca/china-s-bubble-bursting-has-wall-street-eyeing-a-2022-rally-1.1696485 https://moderndiplomacy.eu/2022/07/17/a-real-estate-and-banking-crisis-in-china/ https://nypost.com/2022/07/20/chinese-buyers-spent-record-6-1b-on-us-real-estate-in-2021/ https://www.cnbc.com/2022/08/05/where-companies-say-they-will-cut-budgets-first-in-a-softer-economy.html https://www.calculatedriskblog.com/2022/08/july-employment-report-528-thousand.html

We are not quite ready to look at the full data for July 2022. However, my weekly 7 day snapshots of real estate data are showing a growing surge of price drops across the board in Santa Clara County. This is true in San Jose and my home turf of Morgan Hill. It is also effecting most other communities in the county.

Things are happening fast! In todays show we pass around an idea. Does it matter what starts an economic downturn? When we had the big real estate bubble, car loans got hit to. Now that car loans have apparently been as stupidly handled as mortgages were in the early 2000s, can we expect a fast follow on downturn in the housing market? I tend to think it is reasonable to consider the possibility. We are going to spend some quality time chatting about the current realites and see where it leaves us! https://www.youtube.com/c/AutomotiveLifeTV https://www.youtube.com/c/KevinHunter https://www.forbes.com/sites/jonathanponciano/2022/07/18/housing-market-meltdown-intensifies-homebuilders-halt-construction-as-confidence-plunges-to-2-year-low/ https://www.berxi.com/resources/articles/best-real-estate-podcasts/ https://www.forbes.com/sites/jonathanponciano/2022/07/12/mortgage-giant-cuts-thousands-of-jobs-warns-of-accelerated-downturn-as-housing-market-abruptly-collapses/

The chief economist for the National Association of Realtors took a look at the most recent inflation numbers - along with other economists - and projects increases in mortgage rates making a steeper climb. We will chat about this and consider the possibility that no one is prepared for what really needs to happen to interest rates to really make any kind of dent in inflation. Buckle up, this will be a rough one.   https://magazine.realtor/daily-news/2022/07/13/yun-bolder-fed-inflation-policy-may-catapult-mortgage-rates