255: State Of The Real Estate Market with Daren Blomquist

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 26 August 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Keith Weinhold says the word of this real estate era may be: “supply”. Why?

The U.S. just hit its lowest rental vacancy rate in 35 years: 6.8%.

Also, the U.S. just hit its lowest homeowner vacancy rate in 40 years: 1.3%.

Mortgage interest rates just fell to near three-year lows.

U.S. existing median SFHs now a record $279,600.

Year-over-year appreciation is 4.3%.

Regulation and environmentalism increase real estate prices.

Join our Tampa Real Estate Field Trip at RealEstateFieldTrip.com

Next, Daren Blomquist of Auction.com joins Keith to discuss current U.S. trends in:

Foreclosure activity.
Home price appreciation.
Migration trends.

Foreclosure activity is down due to high employment, more exotic loans now “rooted out of the system”.

91-92% of metros Daren studied are appreciating in value.

Net migration winners include: Florida, Texas, Tennessee, The Carolinas, Georgia, Washington, Arizona, Nevada, Colorado.

Net migration losers include: New York, California, Illinois, Louisiana.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Daren Blomquist:

Auction.com

Heat Map:

Home Appreciation

Heat Map:

Net Population Migration

GRE’s Tampa Field Trip:

RealEstateFieldTrip.com

Mortgage Loans:

RidgeLendingGroup.com

Turnkey Real Estate:

NoradaRealEstate.com

eQRP: Text “QRP” to 72000 or:

TotalControlFinancial.com

By texting QRP to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host Keith Winehold. An update on the state of the U.S. housing market, appreciation, migration, vacancy rates, and more. Where exactly are people moving? And the key real estate word of the last few years, affordability might now very well be replaced with something else today on get rich education.
0:24.6	Countless property investors get killed with maintenance costs, but that's far less likely
0:29.4	when you buy brand new construction. Let me tell you about JWB real estate capital in Jacksonville,
0:35.3	Florida. They pioneered the build to rent model where you can invest in new construction turnkey rental
0:41.5	properties.
0:42.3	That's why JWB was featured on the front page of the Wall Street Journal.
0:45.9	To learn more and see Inventory, go to new construction turnkey.com.
0:55.6	Finally, Total Control financial gives you checkbook control of your 401k and IRA money to
1:01.1	invest in real estate.
1:03.3	It's time to get your retirement money into your own checking account, but you've got to
1:08.0	avoid the little-known tax that you'll pay with any self-directed IRA.
1:11.9	Instead, it's time for the QRP.
1:15.0	Learn more and get your free copy of the QRP book by text messaging, QRP in all capital letters
1:21.8	to 72,000.
1:34.2	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:38.3	This is Get Rich5. I'm your host, Keith Weinhold.
1:56.0	The state of the real estate market today is really quite remarkable and full of superlatives ever since
2:02.6	the second quarter numbers came in recently. Let's talk about them and what it means to you.
2:08.2	The United States is now experiencing its lowest rental vacancy rates in 35 years. I'll tell you where
2:17.2	they're at in just a moment. You know how I've long told
2:19.9	you when running the numbers on an income property that you're looking to buy? 8% is a good
2:25.1	rule of thumb, just a good loose guide for you to use. As a vacancy factor, 8% is about one
	...

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