US Housing Market Predictions – Real Estate Market Forecast 2018 | Trends Outlook NAR Zillow Reports

Real Estate and Housing Forecast 2018 to 2020

April 18, 2018.  Your Epic report and forecast of the 2018/2019 US housing market offers facts, data, perspective, predictions, price factors, expert opinion and forecasted trends.

Please feel free to use this material within your own blogs and share this post on Linkedin and Facebook. It’s an important topic for buyers and sellers who face a big decision about buying a home or condo in 2018.




A Spring Market Under Pressure

It’s an unusual spring market given the growing purchasing power of home buyers in low to mid market prices. It’s the lack of housing (few want to sell) combined with tough mortgage rules that are frustrating buyers. First time buyers are looking for a savior and wondering it’s a good time to buy anyway.

Despite prices, homes are selling. And more are being built. How much prices will rise, depends on where you live.  Los Angeles, San Diego, Boston, Denver, Las Vegas, Dallas, Miami, Seattle, New York, and Houston all have their own unique factors, and all driven by a wildly successful economy.

The National Association of Realtors reported existing home sales rose 3% in February. Nationally, 5.54 million units sold ending 2 months of declining sales. Housing inventory rose last month but is still down 8.1% from 12 months ago.  NAR won’t release its March sales report until April 23rd.

Trulia reports housing inventory has grown 3.3% yet starter homes have dropped to their lowest levels since 2012. What is available is expensive.

Housing inventory then remains the most influential and persistent factor affecting home prices. Despite this, the media and some politicians blame speculation, building costs, interest rates, cost of living, and mortgage rules. When the economy is good people want homes. Construction is strong but can’t keep up. Simple rule of supply vs demand is driving home prices.

Millennials still hopeful to buy a home in 2018

Looking for housing market predictions? Take a good look at prices, GDP, wages, jobs, and other key data below on the US Economy for the next 6 years and you may see a surprisingly positive picture, far from the dread of the recent stock market corrections.

This completely updated EPIC United States Housing Report has market updates and predictions for 2018 to 2020, and other data to 2026.

NAR’s VP of research Paul Bishop, believes sales will be flat for 2018.

One of the biggest challenges is going to be in certain high-cost parts of the country where they have high home prices, relatively high property taxes or high state income taxes, then that’s ultimately going to make the cost of owning a home more expensive.

In addition, renters may lose the incentive to buy a home in high-cost areas if they can’t use the mortgage interest deduction or the ability to deduct some of those other housing-related costs from their taxes. It’s focused mostly on the higher cost areas. It’s certainly something that everyone will be monitoring and how the housing market reacts in 2018 and 2019  — from a news release on DSnews.com.




In this post, you’ll discover the hottest city markets, zip codes, get economic, employment, finance, and housing projections to understand the key fundamentals driving home buying, rental investment, home construction, and the real estate markets in 2018/2019 to 2026. Read thoroughly if you’re considering buying a house this year.

Still Struggling with the  Idea of Buying vs Renting?

This post on buying vs renting is a good read, and review the US rental market report for more insight.

What’s the story for summer of 2018? It has to be Texas and Michigan, however the overall picture is of a very good spring for the housing market nationwide and going forward to 2026. Population growth in San Francisco, Seattle, Los Angeles, Denver, Miami, Houston, Sacramento, Las Vegas and Phoenix continues strong.

The Complete Picture for 2018

Ready to choose your realtor and buy a house or condo this year? The outlook is really rosy! And how about investing in a rental income property for sustained passive income? This current lull might make the next 3 months the best time to buy. The outlook is as positive as could be for buyers. Lock in your mortgage rate.

Overall, predictions and outlook for the US housing market are positive. That’s because the US economy is on its strongest roll ever, bolstered by lower taxes, improved trading agreements, growing American confidence, happiness, comfort, freedom and the American dream has been kindled again.

Take a look at more detailed reports of major US city markets: Latest Posts: Sacramento Housing MarketSan Francisco Housing Market | | Boston Real Estate Market 2018 | Florida Housing Forecast 2018 | Miami Housing Market |  Los Angeles Real Estate Forecast | New York Real Estate Predictions | Houston Market Forecast  | Houston Real Estate Forecast | Seattle Housing Forecast

Apartment Rental Housing Market 2018

Are you considering buying homes for sale as an income investment?  With Apartment rent prices holding strong in 2018, it’s a solid investment strategy. Take another look at the US rental housing market, apartment rental prices, and the buy vs rent question and buying to let others pay your rent is just plain smart.

This graphic below courtesy of Trading Economics shows how the real estate market will be healthy for some time, and that buying a home is a wise investment (Tradingeconomics is a very informative site, have a visit afterward).

Increased government spending, low but slowly rising interest rates, and the repatriation of business and corporate funds back to the US means it’s a healthy, safe market for everyone.

Foreign investment has been strong because the world knows, the US is the place to be. American’s have always had a great attitude toward risk and business growth. Now the economy and business markets are allowing that spirit an opportunity to pay off.

NAR/Realtor Outlook on the Housing Market

Housing Indicator Realtor.com® 2018 Forecast
Home price appreciation 3.2% increase
Mortgage rate Average 4.6% mortage rates in 2018 to 5.0% (30 year fixed) by year end
Existing home sales 2.5% growth, low inventory problem easing
Housing starts 3% growth in home building 7% growth in houses
New home sales Growth of 7%
Home ownership rate Stabilizing at 63.9% nationally

Despite the market correction, experts feel this bull market could continue as long as business keeps coming back to the US. That’s a long process of repatriation. In the meantime, the jobs picture, wage growth, investment, and profit growth are giving real estate participants a lot of optimism.

The resistance to housing development is slowing. Conservatives are giving up amidst intense pressure by those facing outrageous housing shortages and skyrocketing rental prices.



Housing Shortages Won’t Ease

Although January’s sales were disappointing, it’s due to the severe shortage of housing. Demand is there and you’ll be competing against a hoard of buyers in 2018.  Corelogic expects 2018’s home prices will grow 4.3% by next December.  NAR and Realtors® expect only a 3% growth in prices this year. Nevada, Texas, Washington, and Florida are the states with the best outlook, and perhaps the best places to buy homes or rental properties.

The Bay Area, Portland, and Seattle areas saw the highest growth in prices last year while LA’s tumbled. Listings fell dramatically in cental California, Oregon, Washington, and New York.

Consumer mood was not so good in July of last year, mostly due to government problems. Yet the market came flying back. These challenges overcome mean more Americans will have more confidence in their personal situation.

The US Economy 2018/2019

These stats from Trading Economics show positive fundamentals that will drive growth in the housing market, and in turn will bolster the economy, since new household consumer spending and housing investment is a key driver of the economy.

The tax cuts should help although the Fed is counteracting that growth with a questionable raising of interest rates which seems to have sparked the sudden stock market volatility.  Although some disincentives are present for home buying in certain price ranges, that will help keep the market balanced for 2018.

Home prices should begin rising again this late spring in FloridaNew York , Boston, San DiegoHouston, MiamiSeattle, Bay Area and the rest of  overheated California.

Buyers and sellers will enjoy the market trends, stats, threats, and the key factors including housing construction starts described below. Enjoy the big picture!

Scroll down to see the stats, video, and charts on the strongest cities where you might buy or invest. And when is the best time to buy a house?

Sharing is Good! Share the Insight with others on FB and Linkedin

A brief overview of January 2018 from NAR.

Housing Demand 2018: More Buyers Joining the Party

Housing market demand predictions: Demand 2018 will see stronger demand as young buyers have more savings to invest in a home and are getting closeer to being able to purchase a home.



Housing demand is also being supplemented by bankruptcy survivors who waited out their 7 year exile joining first time buyer millennials, babyboomers, immigrants, foreign investors (Canadian and Chinese), and even gen Xers,  all of whom are looking for houses for sale.

New Home Construction Starts: Still Strong in 2018

New home building shows continued strengths, and should pick up by late spring when builders see a return of demand. Last February’s demand was also subdued.

The cost of living is rising and it means workers and businesses in cities such as New York, Los Angeles, San Francisco, Seattle, San Jose, Miami, San Diego, and Boston may migrate to cheaper cities such as Houston, Austin, and San Antonio. This is where job growth is best and housing is cheapest.

The price of apartment rental in cities such as Seattle, San Francisco, and San Jose Rents are extreme examples of the migration out of high priced areas. With limited housing and a strong economy, prices in San Francisco and the Bay Area cannot fall.

Inflation, Labor Shortages, and Building Supplies

Labor shortages, rising mortgage rates, and higher lumber costs are looming which could mean house prices will rise.  With nowhere to go, homeowners are resisting selling. The hope that the resale market will come to the rescue might be unrealistic and and perhaps even fewer resale houses will be for sale. This fall, new home sales have been brisk as reported by the Commerce Department.

Mortgage Rates on the Rise

15 year fixed rate mortgages are still a bargain compared to historical averages. A home at these interest rates has to be considered a big savings, compared to the added price.

Houses For Sale – Should You Buy or Sell in 2018?

The forecasts and predictions for housing markets in Boston, Los Angeles, San Francisco and the Bay Area, New York, Miami, Houston, Seattle, and San Diego etc. all suggest better times ahead.

Is a housing market crash or a stock market crash possible? It’s a worry of investors. See the post on the best cities to invest in real estate. Where can you find houses for sale with the best upside potential as a high return property investment?

Housing Experts Predictions and a Lot More

Let’s start off with the newly released 2018 Forecast from Freddie Mac.  The predict a good year ahead with a solid 5% growth in price. They note that the aging population could keep demand subdued although limited housing for sale should create upward price pressure.

Should buy or sell? See the specific market updates and predictions here: Los Angeles Real Estate forecast, San Francisco Bay Area forecast, New York Real Estate forecast, Boston Real Estate forecast, San Diego Real Estate forecast, Houston Texas Housing forecast, Seattle Real Estate forecast and the Miami Real Estate forecast. Bookmark this page for future monthly updates.




The need to refinance is low, homeowners aren’t too stressed out, and they’re using home equity to buy things which is good for the economy.  Overall, Freddie Mac’s report is positive for 2018.

Home Sales Expect to Rise Nationally

Freddie Mac Predicts strong sales driven by moderating prices nationally.

And as this graphic from Freddie Mac’s report shows, price appreciation is much less than before the last recession.

Hottest Real Estate Markets This Past Summer

According to NAR’s latest report, San Francisco is again the hottest city, taking back the number one spot from San Jose. The hottest small city is Vallejo California, enjoying a spillover from the Bay Area market.  Investors and buyers will be hard pressed to find buying opportunities are.

Silicon Valley prices will pressure businesses to look to cheaper cities such as San Antonio, Las Vegas, Houston, Austin, etc in 2018/2019.

Hottest Cities for Investment Value

This chart from NAR shows where employment growth is strongest and the ratio of recent employment growth to homes being built. That’s a great stat for rental property investors looking for investment income. Compare that to wage growth and actual price appreciation. Again the Bay Area shows the best outlook for employment which has to be your top signal. Salt Lake City, Denver, Tampa, Dallas, Cape Coral/Naples, Charlotte, Las Vegas, Houston, San Diego, and Grand Rapids have great employment outlooks.





20 Hottest Housing Markets, January 2018 (Realtor.com) Rank (December) Rank Change Current Home Prices
San Francisco, CA 2 1 $1,249,000
San Jose, CA 1 -1 $875,000
Vallejo, CA 3 0 $390,000
Colorado Springs, CO 4 0 $270,000
Midland, TX 18 13 $265,000
San Diego, CA 6 0 $590,000
Santa Rosa, CA 7 1 $310,000
Sacramento, CA 8 2 $310,000
Denver, CO 11 2 $400,000
Stockton, CA 5 -5 $289,000
Modesto, CA 10 -1 $295,000
Dallas, TX 14 2 $360,000
Fresno, CA 12 -1 $205,000
Los Angeles, CA 16 2 $759,000
Columbus, OH 9 -6 $140,000
Chico, CA 29 13 $349,000
Oxnard, CA 21 4 $505,000
Santa Cruz, CA 27 9 $909,000
Detroit, MI 19 0 $349,000
Boise City, ID 26 6




Best cities for finding houses for sale and get a great return. For property investors or buyers with minimal cash, the cities of Kennewick, Detroit, Fort Wayne, Modesto, Fresno, and Waco look to offer the lowest prices on houses for sale. As usual, California and Texas lead the way, however Michigan is looking good with the President’s intention to bring the auto industry and related jobs back to the US.

In some markets such as Californiahome prices have leveled off a little from their relentless climb. There is a slight risk of a burst housing bubble. Outside of major city markets, the price growth potential in the next 5 years is highest. Some cities are hurting so invest carefully. Take a look at the best cities to invest in real estate and share your stories of which cities we should know about.

Here Panelists from the Urban Land Institution discusses 2017 and the next two year outlook:




Here’s 8 Reasons Why People Are Still Eager to Buy Real Estate:

  1. home prices are appreciating and it’s a safe investment over the long term
  2. millennials need a home to raise their families
  3. rents are high giving property owners excellent ROI on rental properties
  4. flips of older properties continue to create amazing returns
  5. real property is less risky (unless you get over leveraged)
  6. the economy is steady or improving (although Trump’s letting his enemies cause too much friction)
  7. foreigners including Canadians are eager to own US property
  8. bankrupt buyers are over their 7 year prohibition from the last recession and they can buy again.

Latest real estate market reports:

There are more renters now than in the last 30 years.

US homes are at their highest value ever

Foreign buyers buying record number of properties

Housing starts more than expected but not enough to fill demand

New Houses for sale dropped 3.4% in August

Resale houses for sale drops in August

How high can prices for houses for sale go in Southern California?

Read on to learn more about the economic fundamentals that suppport your purchase of real estate:

Buying and Selling — Is This the Right Time?

Are you selling your home? Speculation of a housing crash in Miami, State of FloridaLos Angeles, San Francisco Bay Area, Charlotte, San Diego, San Jose, Denver, Seattle, and many other overheated markets has more people listing their house or condo. Yet, the market is healthy, so there’s no emergency. Prices are stable so you won’t get much more by waiting.

Check out these other posts for homebuyers, investors, and realtors:

How to Sell Over Asking Price | 14 Ways to Improve Your Selling Price | When Should I Sell My Home? | Student Housing Investment | 10 Tips for Home Sellers Who Must Have the Best Price | Home Sellers Pricing Strategy | Better House Market Evaluation

Housing experts are predicting existing home sales of 6 to 6.5 million units in 2018 and then above 1.3 million new homes being built per month to 2024. The building is resuming now that the hurricanes and forest fires are over.

Will it be enough to support the economy? When American builders are feeling optimistic, it’s a good omen, however 1.5 million units per month is needed to fill forecasted demand for housing.

What’s also a good omen is what you’re going to read in this post. It may help you do many things in 2018, from finding employment (see the US Jobs forecast), to understanding politics, discovering high performing best investments 2017 to researching the best cities to live or buy houses or property in.

From Los Angeles to New York to Miami – Rental Property Equity/Income is King

Will Los Angeles Lead the Nation in 2017 in Real Estate?

Interest in rental income investment and apartments is particularly strong now in places like Miamic, Dallas, Seattle and San Francisco.  The Los Angeles housing, San Diego housing, San Francisco Bay Area housing markets are just a few to look at.  Seattle, Denver, Dallas, South Florida, Palm Beach, and New York  have a promising outlook too.

Short list of positive factors to bolster US Housing Market :

  1. moderately rising mortgage rates
  2. president Trump’s new tax plan
  3. low risk of a housing bubble / crash for most cities
  4. millennials buyers coming into the main home buying years
  5. a trend to government deregulation
  6. labor shortages pushing up costs of production and incomes
  7. the economy will keep going – longest positive business cycle in history

Check out the report on investments in rental property if you’re planning to buy in markets such as Los Angeles, San Francisco, San Jose, Silicon Valley, New York, Miami, Oakland, Phoenix, Seattle, Denver etc.  Buyers are still dreaming in California a good look at the San Diego Real estate market, and the Los Angeles real estate market as economic indicators, and a fresh look at mortgage rates. To be on the safe side, see this post on the likelihood of a US housing market crash in the years ahead. Looking to put your house up for sale in 2018? Find a Realtor now.

Housing Stats from NAR, Forisk, Trading Economics

These stats below are collected from top research and reporting companies including NAR, Forisk, Trading Economics, and other real estate market researchers.

 

Sharing is Good for your Social Health! 

Pass this blog post onto your friends and neighbors because they should know as much about the forecast factors as possible before they buy or sell.  It’s good to be helpful. Mistakes are painful!

Expert Predictions – US Housing 

1.  Expert Prediction from Eric Fox, vice president of statistical and economic modeling (VeroForecast) — The top forecast markets shows price appreciation in the 10% to 11% range. The top forecast market is Seattle, Washington at 11.2%, followed by Portland, Oregon at 11.1% and Denver, Colorado at 9.9%.

These economies have robust economies, growing populations and no more than two month’s supply of homes. In fact, the forecast of the Boston market increase sharply to 7.4% is due to reductions in inventory and unemployment. On the other hand, the worst performing market is Kington, New York with 2.5% depreciation, followed by Ocean City, New Jersey at -2.1%, Kingsport, Tennessee at -1.9% and Atlantic City, New Jersey and San Angelo, Texas tied at -1.4%.  — BusinessWire

2. Pantheon Macro Chief Economist Ian Shepherdson explains that “Homebuilders behavior likely is a continuing echo of their experience during the crash. No one wants to be caught with excess inventory during a sudden downshift in demand. In this cycle, the pursuit of market share and volumes is less important than profitability and balance sheet resilience.” — Marketwatch.

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Housing Construction Starts Will Slowly Rise

It’s predicted that new home construction won’t keep up with demand, however it is recovering and we’ll see more renters becoming homeowners over the next decade.




Car Insurance Quotes: Are you looking to save money for a down payment, save money with the lowest car insurance, find the lowest mortgage rate, or get a free market evaluation? Are you a realtor looking for US real estate leads?

 

If construction rates do moderate, prices in the hot markets of Miami, San Francisco, Los Angeles, San Diego, New York, Boston, and Phoenix should rocket to all time highs but what is the risk of a housing market crashHouse Renovation too is at an all time high in expenditure and this might have an impact on new housing starts.

FRED – Home Prices

US Mortgage Rate Trends

US Mortgage rates are forecast to stay low. Yet recently, mortgage rates have risen above the 4% mark and homeowners are locking in their home loans at the 30 year period. Some are calling this the Trump Effect. With Trump in power, lending requirements are expected to be eased, land opened up for development, and this should stimulate home purchases. With employment growing and wages moderating upward, the market is set for growth. Yet, some housing forecasters still cling to the idea that housing starts will moderate after strong growth to 2020.

mortgage-rates-trend

US Employment Outlook 2018 to 2024

According to BLS the job outlook is positive. Construction added 36,000 jobs in January, with 226,000 more than last year, with most of the increase occurring among specialty trade contractors (+26,000). Residential building construction trended up by 5,000 jobs. Total employment should grow by another 4,000,000 to 2024.

National Employment Growth Employment Growth Predictions, 2014–24 Median annual wage, 2014
2014 2024 Number Percent
Total, all occupations 150,539,000 160,328,000 9,788,900 6.5 $35,540

Job Growth by Occupation to 2026

2016 National Employment Matrix title and code (Chart data courtesy of BLS
Employment Change, 2016–26
Median annual wage 2016
2016 2026 Number Percent
Total, all occupations 156,063.80 167,582.30 11,518.60 7.4 $37,040
Personal care aides 2,016.10 2,793.80 777.6 38.6 $21,920
Combined food preparation and serving workers, including fast food 3,452.20 4,032.10 579.9 16.8 $19,440
Registered nurses 2,955.20 3,393.20 438.1 14.8 $68,450
Home health aides 911.5 1,342.70 431.2 47.3 $22,600
Software developers, applications 831.3 1,086.60 255.4 30.7 $100,080
Janitors and cleaners, except maids and housekeeping cleaners 2,384.60 2,621.20 236.5 9.9 $24,190
General and operations managers 2,263.10 2,468.30 205.2 9.1 $99,310
Laborers and freight, stock, and material movers, hand 2,628.40 2,828.10 199.7 7.6 $25,980
Medical assistants 634.4 818.4 183.9 29 $31,540
Waiters and waitresses 2,600.50 2,783.00 182.5 7 $19,990
Nursing assistants 1,510.30 1,683.70 173.4 11.5 $26,590
Construction laborers 1,216.70 1,367.10 150.4 12.4 $33,430
Cooks, restaurant 1,231.90 1,377.20 145.3 11.8 $24,140
Accountants and auditors 1,397.70 1,537.60 139.9 10 $68,150
Market research analysts and marketing specialists 595.4 733.7 138.3 23.2 $62,560
Customer service representatives 2,784.50 2,920.80 136.3 4.9 $32,300
Landscaping and groundskeeping workers 1,197.90 1,333.10 135.2 11.3 $26,320
Medical secretaries 574.2 703.2 129 22.5 $33,730
Management analysts 806.4 921.6 115.2 14.3 $81,330
Maintenance and repair workers, general 1,432.60 1,545.10 112.5 7.9 $36,940
Teacher assistants 1,308.10 1,417.60 109.5 8.4 $25,410
Financial managers 580.4 689 108.6 18.7 $121,750
Heavy and tractor-trailer truck drivers 1,871.70 1,980.10 108.4 5.8 $41,340
Elementary school teachers, except special education 1,410.90 1,514.90 104.1 7.4 $55,800
Stock clerks and order fillers 2,008.60 2,109.60 100.9 5 $23,840
Teachers and instructors, all other 993.9 1,091.80 98 9.9 $30,110
Receptionists and information clerks 1,053.70 1,149.20 95.5 9.1 $27,920
Sales representatives, services, all other 983 1,077.90 94.9 9.7 $52,490
Business operations specialists, all other 1,023.90 1,114.30 90.3 8.8 $69,040
Licensed practical and licensed vocational nurses 724.5 813.4 88.9 12.3 $44,090

US Housing Starts to 2024

New Housing starts and predictions to year 2024

This enlightening stat in the graphic below shows the US economy hasn’t recovered from the great recession and housing crash of 2007. Single family spending is rising rapidly, yet no one believes conditions for high inflation exist. It points to years of solid, healthy growth ahead with an unfulfilled demand for single detached homes.

 Graphic courtesy of paper-money.blogspot.ca

 

30 year and 15 Year Mortgage rates Graphic courtesy of paper-money.blogspot.ca

Housing and Interest Rate Forecast to 2019
2013 2014 2015 2016 2017 2018 2019
Housing Activity (000)
Total Housing Starts 928 1,001 1,107 1,177 1,204 1,246 1,299
Single Family 620 647 712 784 842 900 962
Multifamily 308 355 395 393 362 346 337
New Single Family Sales 430 440 503 561 610 647 693
Existing Single-Family Home Sales 4,475 4,338 4,627 4,828 4,978 5,029 5,119
Interest Rates
Federal Funds Rate 0.13% 0.13% 0.38% 0.63% 1.13% 1.88% 2.38%
90 day T Bill Rate 0.06% 0.03% 0.05% 0.32% 0.96% 1.71% 2.22%
Treasury Yields:
One Year Maturity 0.13% 0.12% 0.32% 0.61% 1.20% 2.41% 2.70%
Ten Year Maturity 2.35% 2.54% 2.14% 1.84% 2.38% 2.82% 3.22%
Freddie Mac Commitment Rates:
Fixed Rate Mortgages 3.98% 4.17% 3.85% 3.65% 4.10% 4.54% 4.96%
ARMs 2.88% 3.17% 2.94% 2.87% 3.18% 3.62% 4.04%
Prime Rate 3.25% 3.25% 3.26% 3.51% 4.15% 4.98% 5.48%
Data are averages of seasonally adjusted quarterly data and may not match annual

Chart stats courtesy of Nahb.com

Multifamily Home Starts - Millennial Buying Forecast

Save Money on Your Car Insurance

Saving on car might even cut your home insurance and give you more money for your home downpayment. Check now for the lowest quotes for car insurance Los Angeles, car insurance Boston, auto insurance San Francisco, auto insurance Denver, car insurance Toronto, and car insurance Chicago.

New Home Construction Prediction - Home Resales

Employment Outlook: Let’s not forget jobs. Total employed persons in the US will grow 800,000 over the next 2 years.

f4 Graphic courtesy of tradingeconomics.com/united-states/forecast

Existing homes or resale home sales, may slow slightly but US construction spending will increase. Prices will rise to 2020 and construction spending will grow through 2020.

Existing Home Sales to 2020 - Prediction to 2020 Graphic courtesy of tradingeconomics.com/united-states/forecast

Apartment Rental Forecast

Demand for apartment rentals is on the rise and construction starts of multi-unit dwellings is rising to match demand. That creates more opportunity for rental property investors to grow their portfolios in 2018. Yardi says YOY rent growth was 3.0% and they expect rent growth to remain in the 2.5% range.

Chart courtesy of RealPage

Cities with the most apartment construction include Dallas, Houston and Austin, reflecting Texas strong recovery. For more information, see this post on the best cities to buy real estate and best cities to live in and with the best job outlook.

Rental City Markets with Top Growth

Yardi released its winter national outlook report and forecasts a 2.5% increase.

There you have a quick graphical synopsis of factors that will support a strong US housing market for 4 more years.

What’s Your Personal Real Estate Sales Forecast?

Are you a full time realtor looking to grow your prospects and leads?  Full service digital marketing is a bargain when it’s done well.   What’s the forecast and trends for the real estate sales in your region? If you’re in Vancouver, Toronto, Miami, San Diego, San Francisco, and many other US centers, you’re probably grinning from ear to ear. But will you get your slice of that pie? Relying on real estate lead generation companies is another way you can go, however you have to pay forever and it’s questionable whether their leads are high quality.

My realtor marketing programs let you leverage the full mls listings with a powerful rets idx website, and capture more leads.  I’ve enjoyed serving clients in many housing markets including Toronto, Boston, Chicago, Houston, Montreal, New York, San Diego, Los Angeles, Florida, and San Francisco California.

Share this post on Facebook, Twitter, or Linkedin. It’s good to share!!

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Housing Market Predictions 2018: Ideal climate for best real estate investing.

Bookmark this page and return for further housing market forecasts, predictions, expert opinions and market data for most major US cities including New YorkLos Angeles, Palm Beach, Miami, For Lauderdale, Orlando, Boca Raton, Wellington, Delray Beach, Boyton Beach, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa,  Toronto, Vancouver, Montreal, Ottawa, Oshawa, Hamilton, Newmarket/Aurora, Richmond Hill, Oakville, Calgary, Kelowna, Mississauga, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, and other cities in the states of Florida, Texas, California, Massachusetts, Oregon, Washington, New York, New Jersey, North Carolina, Georgia, Illinois, Michigan, Ohio, Arizona, Nevada, Minnesota, Alaska, Hawaii, Utah, New Mexico, Lousiana, Alabama, Maryland and Pennsylvania.

Auto Insurance Companies – Car Insurance Quotes

Compare Auto Insurance Rates

Stats revealed auto insurance premiums rose by 7% last, far above the usual 3 to 4%.  With driverless vehicle technology ready to roll, and auto claims rocketing, drivers are likely to see even higher rates soon.

If your rates rose despite having no claims last year, well, isn’t it time you started shopping for cheaper auto insurance?

Shopping around online is the only way you will reduce your auto insurance costs




Compare Car Insurance Rates

If you’re not comparing auto insurance rates, you’re giving away money. In fact, car insurance shopping is the only way to can substantially lower your premiums and get better converage.  This post will convince you and give you some new options.

You get lower auto insurance by comparing quotes from different vehicle insurance companies. There are a lot of them out there.  There’s big and small insurance companies and independent brokers looking for your business.




Will you save on insurance for electric vehicles?

Rising auto insurance isn’t a local issue. Car insurance rates are rising everywhere but it appears consumers are apathetic about it. If you look at the price charts below you’ll see how much people expend for auto insurance.

Self-driving cars could raise auto insurance rates for you and I, since those autonomous car companies would negotiate their own low rate coverage. They’ll save plenty, but you will have to negotiate your own insurance rate.

 




The insurance companies are awash in cash now however they’re facing tough times as their own pool of revenue is eroded and claim payouts rise. Switching insurance companies might be a wise move. Consider this stat:

The average auto insurance premium in Ontario, Canada is $1,458, which is almost 55% higher than the average of all other Canadian jurisdictions — from a Globe & Mail report.

It’s 2017 and time to take massive action to save money. Have you investigated UBI or usage based auto insurance? Check out the auto insurance rates for your city or state below.

Get the best auto insurance quotes in Toronto, Vancouver, Los Angeles, San Diego, Miami, Phoenix, Denver, Boston, New York and other cities where consumers are fed up.  We’re all paying too much to insure our cars, SUVs and trucks. It’s hard earned dollars ($10,000) that you’re giving away but now that can change.  Has your loyalty to one insurance company done much for you?

Look back at the last 20 years of auto insurance coverage you purchased (e.g., 20 x 12 x $150 = $36,150).  Could you use that money right now?

It’s a Great Time to Switch Auto Insurance Companies

Bentley EV  – Luxury Car Insurance

Yes, switching insurance companies is a wise financial choice.  There are videos, charts, infographics and quote comparisons below that will open your eyes. When it comes to finding the lowest insurance rates, and a better policy, this might be a good starting point.  It’s best to do lots of searching and get a wide variety of quotes from insurers.  Just through persistence alone, you’ll get the best rates.  You could save $10,000 over 6 years or as much as $1800 in one year.

Do you Need Collector or Luxury Car Insurance?

Here’s an auto insurance niche where you can get more price and appropriate quotes for your Porsche, Mercedes Benz, Ferrari, Lamborhghini, Bentley, Rolls Royce, or Maserati.




I’m sure you’ll find the auto insurance quote comparisons below an eye opener.
According to one source, the average price of auto insurance across the US is $1100 to $1200 per year — that leaves lots of room for you to start saving!

Virginia has become the 19th state to ban consumer price gouging – Consumeraffairs.com – fair warning that you are probably getting taken.

Searching for Insurance via Google

Google is certainly fast and you’ll get better rates than from an insurance agency in Los Angeles, Boston, Phoenix, San Francisco, San Diego, Seattle, New York, Indianapolis, Detroit, Philadelphia, or Chicago. Within seconds you can be on an insurance company website and buy an auto insurance policy. I’d advise looking first to the auto insurance comparison sites before you decide on an insurance company and take their coverage.  That’s particularly true if you’re buying luxury auto insurance.




Not all of the big name companies such as Allstate, Progressive, Geico, Nationwide, State Farm, Mercury, StateFarm, and others offer great rates or the coverage you actually need. I know from my own searches that I tend not to be thorough enough. I get restless and frustrated and settle for a higher auto insurance quote than I should. I want to help you optimize your quest for the lowest auto policy.




Sharing Really is Caring
Share this post on Facebook with younger drivers who need some relief from $4000 to $8000 policies.
 

My Car Insurance Quote

I conducted a search directly on the insurer’s websites of Geico, Progressive, Statefarm, Liberty Mutual, Mercury, Allstate, AAA and Farmers. In the chart below, you can see the quote for a 40 year old male living in Santa Ana, California, driving a 2010 Hyudai Santa Fe 4 dr sedan to work 30 miles away daily, and having one non bodily injury accident (hit a car). We need an example to analyze an auto insurance quote, so let’s take a quick look at this one.

Statefarm’s auto quote was about $1300 less per year than Liberty Mutual’s. Over 6 years, that translates to $7800 in savings if I chose Statefarm.  Further below, I sought quotes via insurance hotline and the variation was bigger.  With your own search, you may find one local insurance company who may be willing to insure you at much less.

Is a  40 year old driver with one accident statistically that risky? Obviously Liberty Mutual, Statefarm, and AAA believe there is huge risk. Each company processes the statistics differently, and they’re entitled to. However, are they being reasonable about it. Is the auto quote abnormally high?

Geico Auto Insurance Quote Form Screen Capture courtesy of Geico

Get a Quote in Your City

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Auto Insurance Provider Price per Year
Geico Auto Insurance Company $1772
Progressive Auto Insurance Company $1884
Statefarm Auto Insurance Company $1654
Liberty Mutual Auto Insurance Company $2909
Mercury Auto Insurance Company $1760
Allstate Auto Insurance Company $1655
Nationwide Auto Insurance Company $2071
AAA Auto Insurance Company$ $2673
Farmers Auto Insurance Company $2796

Some of these companies make you fill out endless questions, some of which you have to wonder are even legal. I liked Progressive’s online auto insurance quote process the best.  It was quick and the least painful. They seem to respect your time the most. Their quote was a little higher than Allstate and Statefarm, but I suspect Progressive has a better corporate culture — a signal of how they’ll treat you after becoming their customer.

Auto Insurance Tips from Everquote.com

Auto Insurance Tips on how to Get Cheaper Car and Truck Insurance

Canadian Auto Insurance Buyers are Getting Ripped Off

Car Insurance Quote In Canada

Here’s another example auto insurance quote for a 2014 Hyundai Santa Fe, 4 door, for a 48 year old male with one ticket. See the huge difference in quotes from individual brokerages?  That’s right, in this case there are two Aviva brokerages competing. The lowest quote was  from Travelers insurance. It equates to $1700 savings per year and more than $10,000 over 6 years. That’s a significant amount.

car insurance quote
Car Insurance Quote for 2014 Hyundai Santa Fe

Auto Insurance Rates by US State

Just in case you’re curious, here is Insure.com’s rankings of States for car insurance policies for one year.

Cheapest Cars, Truck and SUVs to Insure

Are you looking for the cheapest auto insurance?  Check out usage based insurance and consider buying an old car. Here’s Yahoo’s list of the cheapest cars and SUV’s to insure:

1. Honda Odyssey LX – annual insurance premium: $1113 per year.

2. Honda CR-V LX – annual insurance premium:  $1,170.

3. Dodge Grand Caravan – annual car insurance premium $1,174.

4. Jeep Wrangler Sport – annual car insurance premium $1,181.

5. Jeep Compass Sport 2WD – annual car insurance premium $1,190

6. Ford Escape S 2WD – annual car insurance premium $1,194.

7. Buick Encore Sport Tour 2WD – annual car insurance premium $1,200.

8. Jeep Cherokee Base 2WD – annual car insurance premium $1,203.

9. Nissan Frontier S King Cab – annual car insurance premium $1,204

Here’s something to think about to motivate you: a savings of almost $1000. How long does it take you to earn $1000 x the next 4 years = $4000. Because, insurance buyers tend to be loyal (or just lazy) and stick with the insurance company that’s sticking it to them. If that’s you, then, spend a whole afternoon or evening searching for a lower auto insurance quote. Save your money.

Sharing is Good for Your Social Health, and good for others bank accounts. Help them save by sharing this post! Who couldn’t use all that money?

A survey by carinsurance.com (they do these studies for PR and for wider exposure in social media and Google) so take it with a grain of salt.  Carinsurance.com stated that in California, the average annual premium across the six top carriers was $1,428 (significantly higher than national average of $1,277). The cheapest car insurance averaged an amazing 33% less, at $960.

The Type of Car you Drive is a Key Factor

You may not realize that the insurance companies offer cheaper insurance for a certain type or brand of vehicle. Jeeps for instance have very cheap rates. Why? Who knows?  They’re not divulging anything that will cause them to lose profit. Obviously, your age, sex, and recent driving record will determine if you can get those best rates. Are new electric cars like the Tesla Model 3, Chevy Volt or Nissan Leaf the way to go?

Find the lowest insurance rates in your city: Los Angeles car insurance, Boston auto insurance, Phoenix car insurance, San Francisco car insurance, San Diego car insurance, Seattle car insurance, New York car insurance, Indianapolis car insurance, Detroit car insurance, Philadelphia auto insurance, Toronto car insurance, or Chicago car insurance.




Inforgraphic courtesy of Enhance Insurance – Automobile Insurance facts in all 50 states

Auto Insurance Resources

Car Insurance requirements in California:

Car Insurance requirements in New York:

Auto Insurance Coverage Requirements in Texas

Auto Insurance Coverage requirements in Florida

Auto Truck Insurance requirements in Illinois

Car Insurance minimum coverage requirements in Ohio

Car Insurance coverage requirements in Massachusetts

Lowest Auto Insurance Coverage in a City Near You

More on the best insurance in your city: Auto Insurance Quote Los Angeles | Car Insurance Quote Boston | Car Insurance NYC | Portland Auto Insurance |  San Jose Car Insurance EVBest Auto Insurance Quote Detroit | Car Insurance AtlantaAuto Insurance Indianapolis |  Auto Insurance Quote Seattle | Toronto Auto Insurance Quote |  Auto Insurance Quote PhiladelphiaOrlando Auto Insurance Quote |  Auto Insurance Vancouver | Auto Insurance Toronto |  Best Auto Insurance Quotes Jacksonville | Auto Insurance Tampa |  Best Car Insurance Washington DC | Cheapest Car Insurance Cleveland |  Auto Insurance St Petes FL | Best Car Truck Insurance Salt Lake City |  Auto Insurance Quote Pittsburgh | Las Vegas Car Insurance Quotes |  Car Insurance Dallas TX | Discount Car Insurance | Usage-Based Telematics Quote | How to Save on Auto Insurance | Car Truck Insurance Comparison | Insurance Companies

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US Housing Market Crash 2018 2019 and Beyond

Housing Market Crash 2018?

Despite the strength of the US economy, growing employment and wages, a high number of investors and homebuyers are concerned about a housing market crash in 2018 or 2019.

Take a good look at the crash factors below and the national housing market forecast along with predictions for major urban housing markets such as San Francisco, Los Angeles, Miami, Houston, Seattle, New York and Boston.




Trump Volatility: No Telling Who He’ll Point at Next: Canada, China, Mexico? Trade wars can fester quickly like a wild fire.

Certainly the recent comments of the President that “Trade Wars are Good” don’t help settle the volatility in the stock markets. Strong inflation and cost of living rises, potential trade wars, along with high mortgage rates are serious threats.

In this post we try to take an objective look at the unthinkable. At least, it’s unthinkable for some that booming markets in Los Angeles, San Fransciso, Sacramento, San Jose, Seattle, Denver, Las Vegas, Dallas, Charlotte, Boston and Miami could possibly collapse. Is the Toronto housing bubble (worst in world now) the future for US cities?



Going back to 2007, did anyone suspect what was about to happen?

When Will Local Market Bubbles Burst?

If you look at the forecasts for all the bubbled up city markets such as San Francisco, San Jose, Los Angeles, Miami, Houston, Seattle, New York and Boston you’ll likely think back to prices before the last crash.

Are you spooked about the real estate market in 2018 or 2019? Is the market sufficiently over heated? When will interest rates become a problem? The recent jobs report was strong, although wages aren’t overheating. Supply is coming online.

Take a look at the 12 Top Crash Factors listed below do help decide whethery buying a house or rental apartment is still a wise decision.

Check the state of the US housing market right now and 2018 forecast.

The recent stock market correction gives us pause for thought about how volatility can factor into a housing crash. However, the housing market is healthy with construction rising and it will be a long time before demand is satisfied.

Mathematicians have studied housing bubbles, such as The University of Pennsylvania, and their HOUSING BUBBLE STRUCTURAL MODEL AND HYPOTHESES models couldn’t figure it out. The factors they studied do play a role, but housing bubbles and crashes are likely a cultural phenomenon (outside of major recessions).  It comes down to values, dreams and panic emotions.

There are some financial market players who make their fortune on crashes and if consumemrs are miffed about the direction of the market, it would be fertile ground for crash talk.

As long as Americans are employed with rising wages and growing GDP, housing crashes aren’t likely. Yet, a few experts such as Harry Dent are convinced a housing market disaster looms in the next few years. Even Anthony Robbins is speaking up about it in a video below.



A growing number of homeowners and buyers are talking housing bubble. With prices stable, economy strong, and demand persistent, why would so many feel the market could crash? Is buyer and seller pessimism enough to launch a sudden collapse?

Have a good look at the current housing market along with the residential markets in cities such as Boston, Houston, Seattle, Sacramento, and Los Angeles. If you or your family are considering buying a home or condo, it’s wise to understand the macroecomic and human factors.

There’s two camps on the 2018 crash issue. First those who see the unbelievable rate of economic growth in the US and believe it has to end; and secondly, those who see only positive signals and the solid political footing of the Trump administration in its resolution to bring good paying jobs and industry back to the US.

Even if the US is headed for greater things, it doesn’t preclude the possibility of a major market correction in housing. But for housing to crash, a series of factors would have to align.

12 Housing Crash Factors

  1. excessively high home prices via a price bubble
  2. increasing underwater mortgages
  3. fast rising interest mortgage rates
  4. slowing economy and sudden rises in unemployment
  5. wage growth not keeping up with home prices
  6. tax changes and geo-political shifts
  7. trade deal disturbance
  8. a stock market bubble and volatility
  9. high level of consumer debt affecting debt servicing
  10. cost of living rises
  11. risky low rate mortgages for new home buyers
  12. high oil and energy prices

We might add a very strong US dollar to the mix too. A strong dollar makes US exports too expensive thus threatening jobs here and making imports more attractive.

Even though the housing markets have substantial strength, the world is a very connected place. If China and other economies were to collapse, it might be enough to send the stock markets and real estate markets plummeting. Dent says New York, Los Angeles, San Francisco, Chicago and Boston are the riskiest markets.

What did say Mellon Bank’s expert say back in 2014, about the source of recessions?

2018 will be a big year: Economist from CNBC.

Neil Kashkari talks extensively about false prophets (Alan Greenspan) and the sources of market bubbles such as $100 barrel oil, and other uncontrollable situations.  He says market bubbles and crashes are very complex and the source is often completely unexpected. Could the oil sheiks take the US economy down again? Could China do it? Is the $20 Trillion debt a threat? Or is just the end of a bull run in the stock market?

However, in those cases where debt is fueling the asset value increase, a correction could trigger financial instability, because banks might take huge losses and potentially fail.” — Neil Kashkari.

If you’ve purchased a pricey home or condo, or you’re considering buying a property in the overheated Los Angeles housing market, San Francisco housing market or those in New York, Seattle, San Jose, San Diego, Portland, Austin, Houston, Charlotte, Miami, Dallas, or other hot real estate markets, you’re likely feeling some nerves of late.

The turbulence of the election, rising interest rates against overheated housing markets does give some plausibility to a US housing crash in 2018 or 2019. Proponents of an upcoming crash point to too many Americans living lavish lifestyles, still buying expensive foreign luxury cars on a $40,000 salary, while sitting on over-leveraged monster mortgages that could be subject to quickly rising mortgage rates.

In San Francisco, the risk of a bubble burst in 2018/2019 is highest and that city is ranked number 1 as highest for a crash. Prices in the San Francisco Bay area housing market are extremely high and if the tech sector does have an extended downtick with rising mortgage rates, perhaps the forecasted slide could start.

Top 10 Cities Most Likely to Experience a Housing Crash

From a report in AOL.com here are the top ten US Cities most likely to experience a crash:

  1. Portland, Oregon
  2. Charleston, SC
  3. Buffalo, NY
  4. Fresno, CA
  5. Los Angeles, CA
  6. Dallas, TX
  7. Salt Lake City, UT
  8. Austin, TX
  9. San Jose, CA
  10. San Francisco, CA

Interesting list, dominated by California and Texas, which have been doing well economically. With oil prices rising, I wonder if that will calm the situation in Dallas and Houston? A good number of people are inquiring about a Florida housing crash as well, yet Miami isn’t the whole Florida market.

Tyler Durden of zerohedge.com discusses in a post how homeowners are burdened in debt and unable to refinance their mortgages. He points to his key statistic that mortgage owners will not be refinancing their mortgages in 2017 which points in the direction of bubble bursts and crashes.

This chart below paints a very scary picture, that it’s worse than 2006.  Not only does it correlate 2017 with 2006, it shows that we’re up high on a dangerous cliff in some cities. However, most cities aren’t in this situation, so if a collapse in California, New York and Texas were to occur, other cities might survive okay.

There are other mitigating factors too such as the strengths in the economy, foreign investors buying property, and rising optimism and confidence since Trump won the election.  At this point, we’re wondering if Obama and Clinton are relieved not to have to face the mess they created? Trump seems to be up to the task and yet, he has purportedly said he would enjoy watching the crash, even if it takes down some of his real estate empire. Is this just a comment on high home prices?

The cost and availability of credit provide fuel for a bubble to inflate, inviting even less experienced, or less credit-worthy players into the game, all of whom believe they will sell their recently purchased assets at ever-increasing prices — from a CNBC post.

That credit is being freed up in 2018/2019, but will it fast enough to create huge instability if mortgage rates don’t rise precipitously? Here’s Seattlebubble’s reasoning on why we may not be in a housing bubble/crash situation:

  • still lots of all-cash buyers, with few zero-down buyers
  • no crazy neg-am, fog-a-mirror, interest-only home loans like last time
  • interest rates remaining low
  • affordability index not as bad
  • buyers and lenders more cautious

Home prices aren’t as high as they were in 2006/2007 and mortgage rates are much lower:





No one will dispute that there are big risks but for 2017, everything looks to be under control.

Are you looking for the best cities to invest in real estate? The top 80 cities to buy rental properties gives you a peak at the potential of rental property investment.

Is this the right year to buy a rental income property?  What are the best investments in 2017 and is investing in real estate a wise decision?

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Disclaimer: this post/information is meant as a discussion of housing and investing issues, ideas and trends, not as advice for investment. Please use good judgement and professional advice if you’re investing in any market whether stocks or real estate.

Stock Market Crash 2018? – Predictions Signals Indicators Market Watch – 2018 2019 Forecast

Stock Market Correction or Crash?

Is what happened this week just a correction to a booming market with excessively high stock price valuations, or is it the beginning of a stock market crash?

Experts are scrambling to understand what’s happening but while we’re waiting why not jump in and analyze this while we’re waiting? Sound like a plan?

At this point, the depressing culprit seems to be the persistent announcement of the Fed interest rate hikes. It’s almost a papparazzi thing now.  However, when those comments are fed into AI trading bots algorithms, it might become contagion for other markets.

The market correction on the Dow, Nasdaq, S&P, FTSE and TSX isn’t over it seems.

Vix Chart Courtesy of Yahoo Finance

In early February, the US stock markets including the Dow Jones, NASDAQ, and the S&P fell 5% to 10%. The Dow plummeted 1600 on Monday the worst single day correction in its history.

Will this persistent volatility on the DOW, NASDAQ, S&P, FTSE, and TSX become a contagion that affects other markets such as the housing markets? People used the big loss day on Monday as a marker, but perhaps tomorrow will be a new marker?

As an investor, do you need to know the causes of the volatility and correction? Right now, the market has recovered and the US dollar is gaining strength. Yet trade deal turbulence could cause a wobble in global markets. The world is still dependent on the US economy.

Will there be a housing crash in 2018/2019?  Jobs are up, but consumer mood is at a 6 month low.

Investors are nervous.  Experts believe the stock correction was due to Fed Interest rate intentions (are they really fighting inflation?), or ETFs or AI guided trading bots. Since there was no emotion before the mini crash last Friday, it appears the slide was quietly caused by AI trading bots working for large funds.




This post delves briefly into the theory and factors involved in market crashes, corrections and selloffs including government meddling and AI systems (Note: even the people who make Artificial intelligence and self-learning algorithms have admitted they don’t understand how the AI systems make decisions. They learn and make decisions independent of human input and may not be  able to report to humans how and why they acted).

As time passes and bots do more of the trading, investors are left with fewer clues as to what is moving the markets and when it’s  time to get out. That fear could lead to panic selling next time.

Global stock markets were deeply impacted in the last few days, letting everyone know that markets are connected, even the housing market.

The TSX dropped another 271, and NASDAQ is down 273 points on the day. It’s been more than a correction or sell off, and looking more like a mini-crash is under way. CNBC’s Jim Cramer is calling it a “Flash Crash.”

Largest intraday point drop for Dow in history from CNBC.





The price of oil and CAD vs USD exchange rate has dropped significantly as well. It’s an interestign time for forex brokers and foreign exchange forecasts.

Housing is great too, although amid the housing market predictions is some worry of a serious housing crash.

Lately, the mood has been so positive that investors are gladly ponying up big money for stocks. It’s difficult for anyone to visualize the perils of an overly positive mindset — Euphoria.  Are we in the housing euphoria bubble?

Stock price rises will continue in 2018, however, when and how will this amazing bull market end? Lets take a good look at the issue without any counterbalancing rhetoric which prevents us from digging in and exploring the stock market crash mechanisms and theories.

The Dow, S&P and NasDaq all hit new record highs in 2017 and stock valuations are very high, perhaps too high to justify. The recent volatility of bitcoin might be worth mentioning because a few are suggesting it cause trouble for the stock markets. Many investors don’t seem to know what bitcoin is worth.

And given how complex markets, businesses, and computer trading is, investors really don’t know what could happen.

Will the Market Bubble Collapse?

Some experts suggest a stock market bubble is about to burst sometime between now and 2020. Other forecasters refer to government reactions and politicies as the key determinant or crash factor. You’ll hear them in the videos below.

Some even point to the fact that Warren Buffet is sitting on a mountain of cash rather than holding stock.  And his stock market indicator is pointing to a crash.




As you’ll see in Tony Robbins prediction video below, people will make money on the market crash (including those selling short). And others will lose everything. Let’s look at the prospect of a stock market crash and hear from experts.

Could we say this crash will be like a series of wobbly dominoes that begin falling, while overconfident officials feel they can reach out and stop the crashing tiles?

Some are looking at the housing market as ripe for a crash. There’s been persistent rumors of crashes in Miami, Denver, Seattle, New York, Los Angeles, San Francisco, Toronto and Vancouver up in Canada.  Yet none of these markets could crash easily. The economy is okay and there are too many people who need homes.




Too Much Overvaluation, Optimism and Growth?

Some experts cite the euphoria of stock markets during their bull runs. They suggest the heightened unrealistic expectations create a platform for disaster and when reality strikes, truth launches panicked sell offs. Some say the overvalued stocks, economy, and general optimism present right is a sure predecessor of a crash. It may have been that way in 1987.

Stock values have reached levels not seen since those two disasters and a correction would throw the world economy – currently seeing an ongoing boom period – into disarray — news report.

Stock prices and housing prices have ridden on a tide of low interest rates, demographic changes, government stimulation, foreign trade, technology, and more. At the end of a long business cycle, consumers are satiated. But do consumers have all they want? Are investors ready to leave US stock markets for gold and currency?

What do the Historical Stock Timeline Charts Say?

This chart of the S&P index shows market crashes are uncommon.

Chart courtesy of http://directorblue.blogspot.ca

Economic indicators are traditionally used to identify potential crashes. Check out these top 6.  Are investors so optimistic that economic data can be disregarded?

Graphic courtesy of Yahoo Finance – DJI up to 2018 Graphic courtesy of Yahoo Finance – NASDAQ up to 2018




Is What Happened in Previous Market Collapses Relevant?

Bearish experts will rely on history, and history likely will side with a crash outcome between 2018 and 2020.

The following day, Black Tuesday, was a day of chaos. Forced to liquidate their stocks because of margin calls, overextended investors flooded the exchange with sell orders. The Dow fell 30.57 points to close at 230.07 on that day. The glamour stocks of the age saw their values plummet. Across the two days, the Dow Jones Industrial Average fell 23% – from Wikipedia

Panic – Where Reasoning Disappears

Panic emotions of investors and government leaders is the X Factor. Today, markets are driven by computer algorithms that act faster, and still ultimately controlled by emotional humans. If you’ve ever seen a stampede, you probably can visualize the events in 1929. Some are thinking that computer aided panic is what might happen.


Thursday marks the 30th anniversary of ‘Black Monday’ market crash from CNBC.

Sharing is Good for your Social Health!

Make sure your friends and family have a good lock on the economy and markets. These are scary times ahead.

AI Systems may Panic without Emotion

Artificial intelligence systems, trading algorithms, or AI predictive programs may even be more prone to panic because their actions are actually irrational. They’ll sell lightning fast without any reference to long term value.

When panic hits, the AI systems may become almost useless, other than predicting which stocks will crash slower.
In fact, such AI algorithms are so complex, the programmers can’t figure out how the AI systems are making their decisions. AI systems can’t describe why they make their decisions either.

The AI systems are increasingly autonomous, taking cues from market activity yet not really knowing what the activity means on a human emotional level. AI systems don’t really understand the human element of international trade and politics.  Geopolitical risk is a major factor today.





If thinking about a US stock market crash is too difficult to visualize, you might consider selling soon. Getting greedy is one additional sign of irrational thinking that’s driving stock markets and housing markets currently.

Housing markets are key because real estate has been driving the economy for awhile. A bursting housing bubble could launch the landslide that takes down the stock markets.

Seriously, Could US Stock Markets Crash?

All positive economic cycles generally end with some sort of rapid descent, just like a roller coaster. That descent at the end is the rush out just like a stampede. It’s completely desperate and irrational.

Long term, everything returns to the equilibrium point. The stock market crash is the point where investors lose all confidence and decide to pull their money out pronto. Sell, Sell, Sell.

As a million dollar home owner or prospective buyer, you’re wondering when this record long economic boom will end.

An important signal is desperate buyers jumping into the housing market at excessively inflated prices, overly indebted and leveraged, they fall hard when the panic button gets pushed.

Cheap Financing Overcomes a Blocking of Housing Supply

When governments prohibit land development, it makes home prices rocket. More millennials wanting/needing homes, high immigration, rising income, low interest rates, cheap mortgages all together create the drive to buy a home.

Big money chases few homes, and when governments persist in stopping or not supporting land development, speculators become more confident prices will rise further.

Then a politician steps in with their solution, at the end of the business cycle where employent and profits will begin to drop. Speculators/investors pull out fast, and the slide begins.




Will the Housing Market Collapse Too?

Home prices are now around record levels, but there is low unemployment, low mortgage rates, and a huge population hoping to own. That’s desperation. Enter cheap financing companies giving buyers a hope at ownership, just like 2007, and a housing market collapse.

President Trump’s recent tax revamp is going to extend the cycle for sure. Yet that provides more time for the “crash factors” to form like clouds on a beautiful sunny day.

Business cycles form just like cold weather fronts over the prairies. They end in storms.

Have a read of Wikipedia’s description of market cycles and the various theories of why markets collapse and you’ll be more certain that they could indeed happen. From MIT’s inverse cubic power law, to chaos theory, researchers focus on the mathematical and technical elements.




The research on investor/debtor mimicry  is worth a read too.

People follow each other blindly like they were tailgating each other on a high speed highway. If anything happens, there’s going to be a chain reaction crash.

The way the expert describe mimicry however makes it look like everyone abandoning ship so are they mimicking others, or just jumping off the ship at the same time? However, the fact investors simply copy others buying and investing behaviors makes the abandonment more likely.

The research suggests mimicry was present in most stock market crashes and housing crashes. The predictive behavior is nervousness about the market, followed by mimicry, followed by panic. That panic could be set off by anything because of investor/owner anxiety.




Let’s say Warren Buffet sells a huge array of stocks suddenly. That combined with news about an impending war, poor jobs report, and fast rising interest rates, could be all it takes.

None of the research however, seems to be applied to human expectations, human happiness, and human panic. Human’s don’t pay attention to historical trends and data, nor what AI systems advise. They generally pay attention to now just like herding animals before a stampede. The signal that sets the herd off, could be one or two animals stumbling over a pothole.

The final analysis would reveal that people sell stocks and housing when they believe strongly the market is heading down. That’s when the wealthy and speculative investors check out en masse.

With stock market prices and housing prices at record highs, even uneducated investors and home owners would be vulnerable to bad news and false outlooks.

Tony Robbins Predictions on the Market

Tony Robbins explains why this Stock market crash could be the single best opportunity of your lifetime.

The major media networks might exaggerate some financial, political and consumer facts an launch a slide. The general consensus of Internet users driven by a Facebook/Twitter/Instagram mentality could easily exaggerate threats.



Major geopolitical actions might actually mean nothing materially for the markets, but if interpreted otherwise, it could start a slide that governments couldn’t stop.

In this video, Peter Schiff talks about government action being the key thing to predict a stock market slide.

The latest theory of RR Reversal has it that all markets suffer a pullback of 10 to 40%. So empirical data and events are the basis of future action.

Given the success of political correctness, fake news, and social media pressure, it’s not hard to see a big pull back driven by emotional investors and buyers. That could launch political reaction which magnifies the issue.

As good as prognosis the US economy has, there are a lot of human emotional factors that could launch a recession.
Let’s not forget that we’re a long way into this business cycle. The end is surely in sight. While not everyone is satiated and ready to stop spending, many wealthy people are.

The wealthy have unusually powerful vote about trends. When they pull out of the economy, that news will be heard by AI systems and human investment advisors.
When the panic button gets pushed this time, it will be the shock wave before the tsunami.



Even if we turn everything over to artificial intelligence systems, our global economy is new. The AI systems are seeing a new environment with new players. Chinese buyers and investors think differently than US bankers or European politicians. And a herd of 1.5 billion panickers is a scary thought.

Given the battle between Trump and his enemies, it’s an emotional environment that fuels income for news media. As you know, they need sensationalism to pay their bills. That smoke screen is enough to keep people off balance and insensitive to the real investment issues. At some point, in emotional confusion, the stampede could take place.

Most forecasting models don’t go beyond 2020 or 2024, and that in itself might give you pause for thought. The fact that investors, homebuyers, and corporations can’t visualize 2 years ahead is worrisome, especially since experts have access to all the data.

Too many forecasters, economists, and business people look at data, but is data just a false cue and where everyone reacts too late?

Screen capture courtesy of CNBC

Robert Shiller himself isn’t alarmed at the CASE ratio. He suggests that investors diversify their investments. That would help allay panic type behavior.



The Stock Market Crash Acelerators and Signals

Paying attention to economic changes and other signals could give you forewarning of what could happen from 2018 to 2020. If relying solely on professional stock market experts and news stories would not be wise. As the overall indicators move relentlessly high, it might provide a clear signal that market is cresting, and will head back down to equilibrium.

One clear signal might be excess in demand which draws money and government reaction.

Here’s a BIG list of housing market crash factors to look for:

  • stock prices at record levels
  • government passes complicated new tax bills that confuse and make investors uncertain
  • geopolitical events disturb international trade relationships and flow of goods/money
  • inflation and wages rise faster
  • housing prices peak
  • consumer product surpluses
  • natural end of a long business cycle
  • stock price to earnings ration too high (Shiller Pace is above 30)
  • misery index rises (unemployent rate + inflation rate)
  • the NAAIM index is too high (professional investors optimism)
  • growing market fear that may induce panic (investment advisors, market experts, bloggers)
  • assets have peaked in profit performance and wealthy begin to unload
  • too much consumer debt combined with risky investments (housing) and rising unemployment
  • corporate-Equities-to-GDP Ratio
  • accidental or emotional timing of government fiscal events (China preventing funds exodus)
  • key corporate failures in financial sector (bank, mortgage company, investment firm)

When do you think this current bull run in the markets will end? Will it be soft or a loud crash?

Note:  The statements and information presented in this post is not intended as professional investment advice. It is solely an exploration of stock investing and the risks, perils, and behavior of stock markets and the economy. No one should rely on a single source of information or a single stock market and investing professional’s advice.  The overall message of the post might be to diversify stock, real estate, and cash/gold holdings as a hedge against stock market crashes.  Investors should look into hedging strategies but be aware that even hedging may provide limited protection from a crash.

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Home Selling Tips – How to Sell Your House for More | Growing your Selling Price and Buyers USA Canada UK

Home Selling Tips for 2018

Do we need home selling tips just for 2018? I think we do.

Our focus is 2018, the year of more competition and listings.  The economic circumstances, taxation issues, price trends, migration, create unique forecasts for each housing market in 2018. To sell at a good price in 2018, you’ll need some strategy and tactical sales excellence.

Even in the best cities, prices are flat and homeowners will have more difficulty persuading buyers or property investors to buy their properties.

The tax situation is less profitable, the US dollar is falling, new home construction is up, the stock market is wild, real estate investors wary, and the economy looks solid.

There won’t be a housing crash in New York, Los Angeles, Boston, Miami, Houston, San Diego, Seattle, and even the Bay Area forecast is excellent. All of these thoughts will be on buyers minds as they visualize a price for your property. If you keep the faith, then it comes down to what you can do to raise the perception of value to them. And these home selling tips should help greatly.




As you’ll read in the home selling tips, you can have your cake and eat it too. Let go of all the “compromise” talk and know that you can get the maximum prices your home, cottage, condo or land is worth. Everyone knows real estate is precious and governments are committed to constraining supply.

When is the Best Time to Sell My House?

Timing your home sale is important, and asking “when is the best time to sell my house” is a wise question. Make sure you know all the time related issues to seasons and the economic trends happening now.

How to Start a Bidding War?

At some point, you’ve quietly thought about how to start a bidding war. Selling at over asking price is common, but with top notch real estate marketing strategy and a knowledeable Realtor, you can ratchet up your selling price.



Tips to Sell at the Highest Price

These 14 tips to selling at the best price, are another view to your goal to get maximum value for your investment.  These are good times with prices high or rising and many babyboomers are enjoying how their house and property is fetching a good selling price.

Which Renovations Increase your Selling Price the Most?

When you’re planning the sale, you know buyers are hungry, but maybe during negotiations they cite how your house is not in good condition. Worse, maybe a good number of prospects online are turned off by its appearance? Instead of letting that happen, and just dumping your home on the market, you might discover which house renovations increase selling price. Make the most of your reno budget.



Should you Sell Your Home Fast or for a Higher Price?

Do you know how Realtors selling strategy? You have a choice when you’re working with a Realtor, whether to sell it quick or take your time with marketing and build interest to a larger pool of buyers. Most Realtors use a blitz type of selling strategy where they maximize the impulse or desperation of buyers.

They might push it all into one intense weekend showing where it’s organized like an auction. Buyers see each other want your home and they might get emotional and start ramping up their bids, well over asking price. It works and clients get the picture that the Realtor has done a fantastic job of creating buyers and whipping up frenzy.

However, if the property has all sorts of flaws, is in a weak neighborhood, and it’s not high season for selling, the home might not sell. If the quick blitz backfires, you could see your selling price rocket downward. Anyone can sell during high season, but the Realtor who can sell you house now, is a good one.

Online Selling Strategy

Should you hire an old school Realtor or the new digital savvy Realtors who use real estate videos and social media marketing? If your Realtor is a power online marketer, they may be able to build substantial visibility to targeted buyer audiences.

Consider getting that kind of Realtor, create a plan, and do a blitz over 3 weeks. The best buyer prospects will hang on if they know you’re doing a 3 week blitz. You won’t lose them and instead you could enjoy 3 times the buyers and bids (over that 23 day period). In fact, the collective effect on the final winning price could be staggering.

We’ve all seen homes sell for exhorbitant prices, even more than double the home’s value. You might want to tap into that craziness and get some extra money for your kids/grandkids education expense.

The above posts offer extensive home selling strategy and selling tips to help you reach a bigger, targeted audience, give them what they’re dreaming about, encourage more and higher bids, and help close the deal with a record high price. Hopefully, the media will report your selling success like you were a star Mega Millions winner!

 

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When is the Best Time to Buy a House?

Best Time to Buy a House?

Whether it’s 2018, 2019, or 2020 that you hope to buy a home or invest in a rental income property, you might be comforted by the knowledge that real estate does well anytime you buy.

If you take great recessions and banking crises out of the timeframe you’re considering to buy, then your long term investment is sound. The historic price charts show rising home prices throughout the decades.

In every major city, the market forecast is good.  The Boston housing market, New York real estate market, Florida housing market, Houston housing market, SeattleSan Francisco, or Los Angeles housing market, the value of real estate has surpassed the stock markets, gold and of course your savings account.




An if you’re a first time buyer, paying a huge chunk of your income to rent, this whole matter of buying at the right time is important to your current and future well being.

Avoid the Peak Times to Buy a House

So you’re wondering what time of year is best to buy a house? Or, are you wondering if there’s a time of the month where more houses suddenly come on the market, where you might get first dibs? Sometimes selling after a major weather problem might be a good time too.

The floods in Houston and Miami, and the fires near Los Angeles and landslides near San Francisco, are events that trigger bargain home purchases.  If prices have fallen precipitously as they did in the Toronto housing market and the Vancouver housing market, then this bottoming out period might be a great time too.

Okay, for those without a strategic sense, buying in the fall months traditionally might be best to get lower prices. However, everyone pulls their house off the market during October, November and December. That can’t be good for a home search.

If you have a smart Realtor, and a real good home search strategy, you might be able to find those sitting on the fence and get a low ball offer in. You might get lucky and save tens of thousands of dollars and get a property that everyone else gave up on.

Is Spring the Best Time to Buy a House?

Spring 2018 is a great time to get started your house search. Home owners and buyers are arising from their winter dens and thinking about 2018. In many cities, the demand for homes has already started. Realtors are still talking multiple offers and bidding wars.

If homebuyers are actively listing to sell during January to March, then they are likely eager to sell their listed home.




They might be babyboomers sitting on the fence about selling (they’ve got nowhere to go) or they could be Generation X aged couples thinking about moving up to a larger property. A lot of buyers, perhaps you to want more space.

If you meet with these property owners you may be able to convince them to progress with their life plans. That means anytime time of year might be the best time to buy a home.

A report from Trulia shown below reveals fall prices drop by about 7% yet still remain 5% below for the months of January, March and February. You can find a bargain from January to April 1st. That means you should be looking right now for your next home or condo, before mortgage rates start to climb.

January, February and March might be the best time of year to purchase a property for real estate investors as well.

This might run counter to what people believe and have been told about the market. It might be harder to search for a home and get sellers to sell quickly. But remember, the actually possession date is off in the future.

People who might sell have more time on their hands in the Winter, especially if they live in Seattle, Chicago, Minneapolis, New York or Boston. It’ll be easier to get in touch with them and discuss your sincere, heart felt offer.

The best time to buy might be right now. If the economy improves and wages do rise, home prices will rise throughout the 2018 to 2020 period. Unless you’re very pessimistic and believe in catastropic events, demand for housing is unmet across the US and Canada. With more money in the picture, the longer you wait, the more it will cost.

It Doesn't Pay to Wait to Buy a Home

Launching your Research to Negotiation Strategy

So now, you need to discover the best way to reach them. Having a realtor who feels similarly about the winter search timeframe is good. If they don’t like, go with someone else. The compatible Realtor is likely not busy so they can put a better effort into finding homes, approaching the homeowner, and working with you to put out the best offer.

They may even take a lower commission, but don’t push that. The Realtor will likely be worth the 2.5% you pay them. If you wait till April, May or June to buy, you’re getting the highest prices, most competition, and your Realtor is too busy handling multiple clients and micromanaging negotiations. So that’s the worst time to buy — when everyone else is.

Another bad time to buy? During the Super Bowl Game.  Take a look at the Super Bowl predictions and put your money down, and then enjoy the game on Feb 4th, 2018.

When is the Absolute Best Time to Buy a House?

The very best, ideal time to buy a house in the winter, may be near or at the winter holidays such as Easter, spring break, or teacher professional developent days. Homeowners may be at home and may be most susceptible to the idea of selling and moving.

Late winter is a restless time for those in the cold, snowbound north, which is why a good number of people fly south for a vacation. Discontent, fatigue, boredom, and desire for something better is what gets them off the fence about letting go of their old house. Why do people sell in the spring? Because they’ve had enough after their winter of discontent. Catch them early.

Don’t worry about which days are best to buy a house. The key is to use your all channel accelerated home search strategy into action, and begin uncovering your dream house amidst winter’s gloom.

Good luck with your house search. You’ve found the best time to buy because it’s the best time for them to sell.




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Real Estate Leads | Lead Generation California Texas New York Florida Arizona Georgia Toronto Vancouver

Real Estate Leads & Lead Generation

Spring will be here soon and you’re on the hunt for high quality buyer and seller leads looking for houses for sale. They’re online and if you don’t have a great web presence, you might still be able to leverage lead generation services or advertise on good real estate sites.

Contact me about advertising on my site. I have high volume pages that might work for you including city specific markets in New York, Boston, Los Angeles, Seattle, San Diego, San Francisco and the Bay Area, Toronto, Calgary, Vancouver, Miami, and Florida, Houston. (1 million visitors per year)

Good Exposure for $200/month for Realtors on the Move.

 




Companies which specialize in attracting real estate leads are known as lead generation companies. They advertise houses for sale and other remarketing advertising on Facebook and Google Adwords along with blogs and news sites to cull leads. They promise to rid you of the advertising and prospecting work and accelerate the lead generation process.

Unfortunately, when scraping for leads this way, a lot of poor quality leads are served up to participating Realtors. And the terms of the arrangement may not be attractive.

If it worked, who wouldn’t sign up? Well, nothing’s ever that easy. So let’s take a closer look.

Realtors from BostonMiamiLos Angeles, Houston, San Diego, SeattleNew York,  Vancouver and Toronto are wanting something better. Is it too good to be true?

Buyer sand Sellers. Find Good Real Estate Leads Fast!

There’s nothing wrong with fast, if it’s real. It can happen, and you shouldn’t be afraid to spend. Here’s 20 top lead generation services with a look at their strengths and limitations.



 

Leads Generated Still Need to Be Converted

This post is an exploration of 18 of the top online real estate lead generation companies in the US and Canada. And 2 more including Zillow Leads.  There’s more new lead generation startups arriving every week.

Acquiring leads this way won’t hurt, however converting leads has a lot to do with brand image. Even if they agree to work with you right away on the phone call, they will Google you online and visit your website. Who wouldn’t? Trust, transparency, responsiveness, and proven competence are what motivate them.

There’s no doubt you can sign a client right away, however you probably need to take a hard look at your online presence and ask yourself whether you like what you see. Would you hire you?




Real Estate Leads Fact Number 1  — 90% of Home Buyers Go Online

90% of home buyers go online, and you need to be in front of them and number one in your Zip Code.  Home sellers are there too checking out comps and searching using keyword phrases such as home selling tips, best return on home renovations to homes for sale + cityname, to bidding wars and best real estate agents. They’re doing hundreds of millions of searches using Google, Zillow, Realtor.org, Yahoo, and thousands of other websites.

Make sure you’re highly visible on Google for all of them. Set up an amazing new mobile friendly  IDX website, with outstanding, professionally optimized content, use some real estate videos, and do a little pay per click advertising.  Build a strategic plan, then work the plan.

With spring markets so inviting in Los Angeles, San Diego, Toronto, BostonHouston, New York, San Francisco, Seattle Phoenix, Charlotte, and Miami, you’ll want to maximize your presence now.

Sharing is Good for your Social Health 

Share this post with other agents you know. 




Who are Lead Generation Companies? 

These are firms who provide buyer (or sometimes seller) leads for realtors, using methods of aggregating online prospects (most often via Google Adwords or cheap ad networks) which they then sell to realtors. 3 drivers promote the growth: a lot of prospects are online, home buying is in a frenzied state right now, and the fact there is only one home sold for each realtor in North America — there are too many realtors and most have few quality leads.

agents-6 deals or less
Realty agents in the hot Toronto market face the same challenge as those in other US and Canadian cities

 




 

Questions: Let’s assume they can generate solid leads.

  1. do you have the patience and skill to nurture and close these types of leads?
  2. do you have a website that can help convert them?
  3. what is the real cost of doing business with them?
  4. would a luxury home owner from your target community use their websites?
  5. can you respond to these cold leads fast?

Here’s Some Leads, but Let’s See You Try to Convert Them

The way these lead generators collect leads may be why they could be of poor quality. Ad campaigns, auto-dialers, and sketchy email lists of people make for testy, suspicious prospects. And these are someone else’s leads — they initiated them, which takes the warm and fuzzy out of it. Anything transferred from one person/company to another loses something in the process – the problem is lead quality and lead conversion.

Some realtors say these leads are hard to close while others treat them like flies at a picnic.  They’re basically cold calls and the prospect knows nothing about realtor’s brand image or honesty. And how do real agents and brokers feel about lead generators?

I’ve never found an online lead generation system worth the investment. Better to cut out the middle man (Internet) and just get out there and meet… people! — John Souerbry, Agent, Fairfield, CA —

I have never bought a lead. I don’t think that is the way to be successful in this business.  You need to spend your money developing a strong internet presence. — Carmen Brode, Agent, Scottsdale, AZ

It’s very expensive to purchase online leads. I’ve paid as much as $4,000 per month, but today I spend about $500 monthly. — Brian Talley, broker-owner, Austin, TX

Here’s 18 of the most visible lead generation companies onlinealthough new ones are coming. I’m leaving out realtor.com, and Zillow Leads because they’re more like Google or Facebook advertising programs. Some are well known while others are regional or startups. They all seem to be missing the vital component that creates genuinely good deals (in your target Zip Code) – the ideal customer experience from beginning to end.

The Good and the Bad about Paid Lead Generation

With some of them, the fees are low, sometimes only $20 a month and other times a little high, but almost never outrageous. For most, it’s like playing the penny slot machines at the casino. There’s a chance you could win, but is the payout worth it?

A few of the companies you’ll see below actually have you set up an account to be available for leads. Sort of like realtors sitting around a poker table. If you don’t respond fast, the lead is sent to someone else. In other cases, you will have to “buy your territory.”  The lead gen firms will push you in that direction once they have you on the hook.

Before you hire a lead generation company, consider how home buyers and home sellers themselves buy and sell a condo, home or property. They likely already know a local realtor or they’ll go to Google to search.  So online is a great place to be to lure the prospect away from his/her familiar agent.

Real Estate Search: Prospects begin with Google even though they could go directly to realtor.com or realtor.ca for MLS listings in their Zip code, or a major brokerage website such as remax.com, sothebys.com or kellerwilliams.com. Google has a better brand, a better search experience, and it leads to realtor’s websites or phone numbers where they can begin a trusting relationship with that agent.

Few condo or home sellers would type their personal details into the text box of an unknown website. And buyers are normally pretty cautious too. They want to get to know the realtor, so they’ll Google his or her name and if that discovery experience is unsatisfying, it dampens their spirit. That’s why it’s a good idea to be online in a good way – i.e., a great realtor brand image — an image built on prospects needs and preferences.

Google Adwords is the Lead Generator’s “Go to Source”

Google Adwords and remarketing programs could capture some good leads online.  The highest quality leads will often originate from Google.  However, most realtors could do this advertising themselves assuming they have a website with lead converting webpages. These programs are just a normal part of what a real estate digital marketer would offer along with lasting, sustainable, marketing assets.

Would I recommend using the lead generation companies? If they’re very cheap you probably don’t have much to lose other than your time, yet you could get distracted and fail to put 100% into your career. If you’re bright, you may learn a little about how they generate and convert leads.

Top Real Estate Lead Generation Websites

1.     Bold Leads – Bold leads advertises on unspecified networks to capture leads and direct them to you. If the lead doesn’t give away info, boldleads will continue to nuture the lead for you. You are given your own landing page on the boldleads site.

Bold Leads
Bold Leads

2.   Agent Locator – tells you straight they’ll conduct your ppc advertising and generate 480 leads for $6000. I like how they’re open about it. It may be worth gambling $6000 to try it out.
realtyleads3

 

3.   Market Leader – Aggregates leads from their own site called homevalues.com, Trulia.com, and via ppc advertising. Market Leader guarantees they won’t sell the lead to another agent. You get to manage it all from your “Pro” account.
realtyleads18

4.    Point2Homes Leads – offers low priced straight forward advertising options on its website where prospects arrive to search for a home. They also provide you with a webpage on their site.

5.    Real Estate Pipeline Leads – Real Estate Pipeline Leads says it has a network of real estate sites where it draws leads, and it gives realtors full ownership of their territory, although the size of that territory isn’t explained. Drip email campaigns are a big part of their service. Their basic package is $1164 for 12 leads.

 

6.   Agent Pronto Leads – Agent Pronto is different. There’s no upfront charge for leads! You will only be matched to referrals who have specifically requested to speak with an agent. They match each referral with a single agent that they believe is the best fit for their needs. Once you accept the referral, they provide your with the prospect’s full information and the details from their conversation with them. Sounds good. Their site looks a little lacklustre, but give them a good look.

7.   South Florida Real Estate Leads – This firms specializes in south Florida leads. They say they have a variety of sources of leads. It appears to be owned by Lex Levinrad who is a real estate coach and owner of the Distressed Real Estate Institute™

offrs-territory8.   Offrs –  Offrs uses vague sounding smart technology to find homeowners who are going to put their house on the market. It’s based on predictive algorithms or just social listening perhaps. If it works, it would be very exciting technology.

Combine that with communications that encourage homeowners to actually sell the property and that could be very powerful, particularly right now in places such as San Francisco, Los Angeles, Miami, Toronto and Vancouver where prices are very high.  They list by territory, but sadly your territory or Zip Code may be taken.
realtyleads7

9.  Trulia – Offers a service for seller leads with Market Leader, a company that was in severe trouble before the purchase. Trulia is no Zillow, but it does have some traffic.

10.   Prime Seller Leads – Prime Seller leads creates a bunch of pages on their site for you. The CMS offers the ability to send epostcards and eflyers and their system integrates with many broker CMS.
11.   eRealting – eRealting doesn’t sell leads, they give you a website to send all your traffic to! It’s kind of a CMS for rent. They state that it costs about $300 to create a client in their solution.

 

12. Lead Galaxy – Lead Gives you a home for your leads and uses the usual combo of Adwords, Facebook ads and telephone prospecting to create leads.

 

13.   Experian – Experian is a research and statistics business who have mailing lists of potential buyers and sellers. You can build your list online.

14.    Exact Data – Exact Data gets its lead list from telemarketing, opt in emails, and lists of prospective buyers and sellers. They claim superior data hygiene, however most list companies promise that.

15.    Commissions Inc. Lead Platform – Commissionsinc claims they are the #1 Real Estate Tech Solution. They offer a platform and an app to manage your leads.  They will run your Adwords and Facebook advertising campaigns for you. Sounds like a lot of noise. The value proposition is a little flaky.

 

16.   Firepoint Realty Leads – Firepoint says they deliver scalable lead generation with intelligent routing, to automated lead follow-up and task scheduling, to ROI and conversion reporting for all of your lead sources. The price is $350/month and you set you PPC budget which they manage. Is this better than a self-directed digital marketing program?


17.   Home Value Leads – Home Value Leads offers a CMS system for $59/month.
realtyleads16

 

18.   Refindly Seller Leads – REfindly helps you generate, engage, and convert leads using one convenient system. They claim that historically, their agents receive between 5 and 8 leads per $100 spent in advertising. You can spend as much as you like on ppc advertising and they give you a lead management system to use.

 

At the end of the day, it all comes down to leads and sales, dollars and time. I must say, I like Agent Pronto, and Offrs best.

Even the best lead generation sources and sites can be a negative if you neglect to build your own Internet presence and realtor brand image. People want to do business with those they know and trust.

Should getting known and trusted be your Job #1 in 2018?

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Real Estate Lead Generation Company in Los Angeles, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Miami, Orlando, Toronto, Vancouver, Montreal, Ottawa, Oshawa, Hamilton, Newmarket, Richmond Hill, Oakville, Calgary, Kelowna, Mississauga, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Thousand Oaks, Simi Valley, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, Mesa, Temecula, Kirkland, Redmond, Kansas City, St Louis, Stockton, Scottsdale, Palm Springs, Indianapolis, Columbus, Colorado Springs, Fort Worth, Chula Vista, Escondido, Santa Monica, Miami Beach, and Honolulu. Find a Los Angeles Real Estate Agent who  has the very best real estate marketing wizard to help you sell your home for more.

Home Loans and Mortgages – The Lowest Rates Possible

Compare Lowest Home Mortgage Rates

How Much Could You Save By Shaving 1 to 2 points off Your Mortgage?

Getting a Lower Mortgage Rate might be easy.  Shaving 1 to 2 points off of your mortgage is a great idea. The charts below tell you it’s possible, very doable, and a smart home financing choice.

Homes are expensive and you need to save money anyway you can. This is where you start, by looking for the lowest mortgages rates available.

Whether it’s our job, auto insurance, current home, and our lot in life, there are those who believe staying put is okay. However, staying with your current provider could be costing your tens of thousands.

Ads by RateSupermarket.ca

Save your money by checking out several mortgage rate quotes below.




mortgage-sign
Image courtesy of Brooklin Mortgages.com

In fact, corporate profits rely on you staying put and not comparing mortgage rates or auto insurance rates.





But the mortgage rate quote, auto insurance quote, refinancing rate etc. you currently receive is likely not all that competitive. It’s a good time to refinance or shop around for an entirely new mortgage solution. Get the system working for you.




Mortgage Rates Canada

Major Canadian Bank Mortgage Rates
Term Length Fixed Rate Best Rate
1 Year 3.49%
2 Years 3.29%
3 Years 3.74%
4 Years 4.09%
5 Years 4.99%
7 Years 5.49%
10 Years 6.19%
Lowest Mortgage Rates in Canada You can Find Below
1 Year 2.69%
2 Years 2.84%
3 Years 2.69%
4 Years 2.89%
5 Years 2.69%
7 Years 3.44%
10 Years 3.74%

Mortgage Rates USA

Major USA Bank Mortgage Rates
Long Term Fixed Rate Best Rate
1 Year 4.0%
2 Years 4.0%
5 Years 3.375
7 Years 4.0%
15 Years 3.625
30 Years 4
Lower Mortgage Rates across USA You can Find Below
1 Year 3.83%
2 Years 3.92%
5 Years 4.18%
7 Years 4.06%
15 Years 3.28%
30 Years 4

Do it for Your Spouse and Family: Savings Are Smart

And sure, you’re not always looking for rock bottom rates, but you likely are paying premium rates for low quality mortgage loans.

Make Finding lower mortgage rates a priority right now, and you’ll save a lot of money. Consider how much savings translates to a 5, 10, or 20 year mortgage and it’s tens of thousands of dollars.



Saving Money on Your Mortgage – Is Money in Your Bank Account

With the money you save, you can buy a new electric vehicle, or take a vacation to Costa Rica or the Canadian Rockies.  You can turn your mortgage rate search into a real adventure.

That money is yours. You worked hard for it. Count how many hours and days you had to toil in your job to earn that money. See what I mean? People are penny smart and dollar stupid. It’s part of our culture.

Financially wise people on the other don’t get duped when they shop for a mortgage or their auto insurance. It’s your money, get full value for it. You can’t earn as much as you can save, unless you’re Donald Trump. Oh wait a minute, the President has filed for bankruptcy many times.



You’d better shop around. According to a report from Consumer Finance.gov, 77% of consumers apply to only one lender when seeking a mortgage.

You can Save a lot of Money just by Shopping for a Better Mortgage Rate

There are some particularly important tactics you can use to lower your mortgage payments. Here’s 10 good ones:

  1. search on Google – the top ranking websites are there because people like them
  2. get quotes directly from bank websites – compare them
  3. clean up your credit score – make extra big payments for many months to show your intent to pay down your debt. Bank credit score rating expectations are ludicrous, created only to justify charging high mortgage rates
  4. don’t leave your current job until you’ve landed that long term mortgage successfully
  5. check out the mortgage rate quote tools below
  6. use a mortgage rate calculator and crunch some numbers yourself – at least it’ll be harder for lenders to pull the wool over your eyes
  7. talk to your current provider and ask for a much lower rate – tell them you’re unhappy and intend to get a cheaper mortgage
  8. take a shorter term home loan, let’s say 3 to 5 years – it’s risky however it can you a cheaper rate
  9. take the bank’s teaser rate on a short term then shop for a better one when that expires
  10. check out a mortgage broker, many of whom advertise online. They’re eager to compete and they’ll do more to offer that lower rate and better terms

All you need to do is search for a lower mortgage rate. The offers are plastered all over Facebook, Google, Bing, news websites and even a blog like this one. How easy can it get!

Is the Forecast for Higher Mortgage Rates? 

Some are warning about inflation and fast rising interest rates are about to go out of control starting in 2018.  Rather than jump at the first fixed rate mortgage offer, shop around.





This forecast shows mortgage rates might go down so you an bargain effectively with this outlook.




 

Mortgage Rate History and Forecast 2018

Mortgage rates are expected to rise, and mortgage shoppers are looking for the lowest rate 30 year mortgages. That’s smart considering how low rates are currently. The sooner you find a good 30 year fixed rate mortgage the better.

This chart from FreddieMac shows 30 year fixed rate mortgage rates since 2013.

1 Year Adjustable Mortgage Rate is Climbing

Mortgage Loan Options – Which the Best Mortgages?

While the lowest mortgage interest rate is one of the primary criteria home buyers take into account, there are other financial and real life issues you need to prepare for. Ensure you check out these popular and vital mortgage loan benefits.

  1. fixed or variable rates
  2. open mortgages
  3. long term loans
  4. amortization periods
  5. payment schedules
  6. skip a payment




Free Mortgage Calculator

Enjoy this mortgage calculator to estimate payment costs.

Mortgage Payment Calculator – Canada

Mortgage calculator by ratehub.ca

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Mortgage rates from Lending Tree. Lending Tree’s mortage rate inquiry process is a bit nasty. I include it just to let you know that not all online mortgage lenders are high quality and they may not see inquirers as human beings.. They will ask endless irrelevant (to you) questions that don’t relate to a simple mortgage rate request (just give us the rate) and some of them you may not like at all. Just warning you that many of these companies, and banks don’t want to give out mortgage rates freely any longer. They may not feel they’re competitive or they’re more interested in capturing your email address and asking very personal financial questions.




Homes.com Offers Their own Mortgage Calculator

Mortgage Calculator

Should You Use a HELOC to Lower Your Debt Payments?

Should I use HELOC Calculator by MortgageLoan.com

 

It might be tough to sell your home in its current condition so you’ll need to research with the help of your real estate agent, which types of home improvements make the best sense. If you’re considering selling your house, congratulations, it is a good time to sell. The market is high and it’s still rising which means home buyers see value in purchasing your home. It should sell quick whether you’re in Los Angeles, San Francisco, Seattle, Phoenix, Denver, Dallas, Boston, Miami, Vancouver, Toronto or New York.





And after you do sell, you can think about the joy of travel or to buy cheap international properties. What a great time of life it is for you.

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Boston Real Estate Market 2018 ⌂ Home Price Forecasts Boston MA Metro Newton Cambridge Quincy

Boston Real Estate Market 2018

The housing market in Metro Boston is back on track and looking healthy for 2018.  A number of factors are driving this recent growth. The prediction is that prices will rise in 2018 as they will in most of the US housing market.

The reason for the unusual late season surge is due to a big pent up demand from homebuyers and plenty of foreign real estate investors. Low mortgage rates, a strong economy, and the inventory of homes for sale is bolstering sales.

The 1,101 single-family detached homes sold in October 2017 was the fourth highest sales total on record for the month and was a 14.3 percent increase on the 963 homes sold in October 2016 – GBAR report.

Home prices in Boston in October according to GBAR rose 8.2% and condos rose 6.6%. According to Zillow, home prices are forecasted to climb another 5% in 2018.



Home prices grew 3.1% over the last 12 months in Metro Boston and 7% in the city of Boston itself. NAR reports the average home price was $633,000. Zillow has the average detached house price at $544,000.

As the graphic below shows, prices have been rising fast since 2013. The trend looks the same for the next 12 months based on housing constraints, demographics, and a positive economic forecast.




This chart below courtesy of Realtor.com shows home price growth in Boston’s largest communities.

Town Avg Home Prices Average Home Price 2014 Forecast Price end of 2108
Newton $895,200 $723,000 $978,000
Cambridge $669,200 $515,000 $746,000
Somerville $559,200 $427,000 $622,000
Boston $504,200 $406,000 $584,000
Quincy $393,600 $330,000 $431,000
Lynn $276,900 $227,000 $335,000
Lowell $240,800 $200,000 $267,000
Brockton $232,600 $186,000 $272,000
Lawrence $218,000 $176,000 $254,000





Take a good look at this heatmap of rental prices, and it might give you a good idea of home prices as well. The further you go from Downtown Boston, the more likely you are to find affordable homes. Be forwarned of Boston’s congested, time consuming commutes to which I can attest are as bad as any.

Boston Home Prices Not all That Severe Compared to California

Too many reports have it that Boston’s real estate is extremely unaffordable, but take a look at prices in Los Angeles, Washington DC, and New York. Compared to the Bay Area and LA Home prices, Boston’s real estate looks very good, even for buyers.

See what’s happening in southen US cities: Miami Real Estate forecast , San Diego Housing forecast, and the Houston Real Estate forecast for 2018. And compare to the super hot city of Seattle Wa. Who is going to win SB52? SuperBowl 2018 Predictions.

Investors might want to review properties outside of Boston city such as Easton, Lawrence, Worcester, Lynn, Salem, Stoughton, Framingham, Brockton, and Dedham. They’re nice communities and there’s plenty of property to build on.




However, it looks as though home prices are about to rise in Boston. So the questions: “should I buy a house?” or “should I sell my house” in Boston aren’t easy to answer. To help with a sell decision, see the post on selling tips and on best renovation for ROI.

What Supports the Boston area Economy?

Boston has a strong regional economy bolstered by transportation, tourism, financial services, and increasingly venture capital. Boston is becoming the Silicon Valley of the north with major influx of funding for startups in FinTech, MedTech and EduTech. Ultimately, all decisions to buy a home in Boston relate back to the US economy, US housing market, and the Massachusetts economy.

Boston’s Powerful Economic Engine

Boston’s economy is a power house yet restrictions on immigration will retard its output. Retiring babyboomers (although many are continuing to work) and a full employment situation mean growth will be constrained by a lack of workers, including skilled workers from other countries.

It’s good news for workers in other cities and states who need jobs. If you can find somewhere to live in Boston, you should have little trouble finding a great job.

Employment and Wages in Massachusetts Will Rise in 2018

Good news for workers is that wages are expected to grow 4% which will result in higher home prices. The unemployment rate will fall to 3.7%. Higher costs for wood will push home prices up further. A good strategy might be to buy soon because all factors point upward.

The real estate market et al, is expected to grow 2.2%. All of this will heat up the Boston market making housing more unaffordable. And just like California, workers will be willing to relocate further from the city to buy what they can afford. And Millennials do want to buy homes or condos with their growing wages.

Finding a Home In Boston’s Many Neighborhoods

If you’re thinking of a move to Boston, you’ll want to scout out the most affordable neighborhood for you and your family. Prices vary a great deal. NAR reports these recent prices:

Area Units For Sale Units For Rent Median
Listing Price
Back Bay 172 324 $1,499,000
Beacon Hill 70 98 $1,200,000
South End 186 226 $1,295,000
Back Bay East 85 148 $1,550,000
Downtown Boston 100 165 $1,125,000
Brook Farm 64 31 $619,000
Back Bay West 52 118 $1,399,000
North End 59 104 $849,000
Telegraph Hill 61 105 $679,000
Columbus 74 82 $1,380,000
Washington Park 26 23 $549,000
City Point 60 74 $839,000
Columbia Point 56 89 $569,900
Shawmut 70 79 $1,399,000





With the Boston housing market looking so good for 2018, and with employment/and economic strength so positive, it might be a no brainer to move to Massachusetts in 2018.

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Should You Adopt Artificial Intelligence Marketing Software? Albert Boomtrain Amplero Pega Systems Emarsys

11 Things to Look for in your AI Marketing Solution

We’re in the early adopter phase of artificial intelligence marketing software. Those who are learning how to use it are getting exciting results already.

The technology is young, growing, improving and the best is yet to come. Businesses that don’t get into AI are carving a dangerous path for themselves. This series of posts on AI marketing solutions is your first exploration into how they help make your marketing more efficient and products.

The benefits of AI Marketing solutions are compelling. And you’ll soon be checking the AI marketing solutions of companies with strange names including Albert, Boomtrain, Amplero, Pega Systems, Emarsys, and others.

Strangely, there aren’t many reviews of AI marketing software out there, and the posts you’ll find are high on the nerd scale.  So I’m going to introduce you to a few of the good solutions that I am aware of expressed in layman’s terms. Bookmark this page because I will continue adding to our collective knowledge. This is BIG. Have fun exploring.



Benefits of AI Marketing Software

The AI software benefits which I describe in this series of posts might be just the tip of iceberg.  I’m excited about using it. But first, we have to study its value and potential uses. And AI is invading every area of business.

Your company will need to hire what some call an AI marketing software operator. That will likely be a digital marketing specialist/strategist if you manage an SMB.

Way Beyond Marketing Automation

For at least 6 years, companies have been investigating marketing automation, and they’ve reported some satisfaction with cost efficiencies. The vote isn’t in yet on whether marketing automation is really helping where it counts in engagement and closing sales.

Marketing automation is more about the process of automating the administration of complete multichannel marketing campaigns. Makes things easier. And that integration can help keep customers interested, loyal and engaged through the complete buying cycle and manage the tedium of those campaigns.

Human marketers get bored and stressed so MA is the current solution in vogue.  Yet marketing automation lacks the analytics insight, testing ability, content personalization, optimization and forecasting capabilities of new Artificial Intelligence Marketing software solutions that are available.

New AI Solutions are Arriving Weekly

We’re right on the leading edge of this new transformative technology with new, ever improving, customized solutions such as Albert, Boomtrain, and Pega. They offer some serious benefits.

Use of AI by Marketers is About to Climb

The latest Salesforce State of Marketing report says marketers use of AI will grow by 53%. That suggests implementation of artificial intelligence marketing software will be a priority and you will need someone like myself who is excited about it and wants to help you implement and execute it.

We’re in the early days of mass adoption, but at some point, you’ll need to jump on this bandwagon. Regardless of whether you manage an ecommerce site, an IT firm, staffing agency or recruitment firm, major blog, manufacturing business, AI offers some pretty serious benefits — benefits that your competitors will soon enjoy. You’re going to enjoy this pleasant journey in marketing strategy.




What Criteria Should You Consider?

Consider everything you’re doing right now and whether it could be improved using your current technology and best practices. If it’s not winning your market, it’s probably not best practices. The phrase best practices might be a good one to keep in mind as you assess your current marketing strategy. Best results = best practices.

  1. can you personalize your email, blogs and ppc landing pages to respond best to each individual customer based on their past click behavior and their content engagement level?
  2. do you currently conduct slow single factor testing of your content?
  3. are your ppc campaigns ineffective and costly?
  4. do you have good enough data to help you predict your customers buying habits in 2018?
  5. are you confident of your current web analytics solution?
  6. can you handle the growing complexity of digital marketing?
  7. are you happy with your current 1 to 2% conversion rate?
  8. do you understand why and where visitors leave your website?
  9. if Google is weighing onsite engagement, will AI analytics improve your content and rankings?
  10. will AI allow you to reorganize your staff for better utilization and performance?
  11. are you testing to discover which is the right content for each customer touchpoint?

Testing Out AI Marketing Software

Testing the software out can be a little time consuming, so bring in a dedicated, talented and capable marketing strategist to test it and ramp it up. That removes a lot of risk and you’ll learn a lot.

The learning value is underplayed and that could be because some of these companies want to keep that vital knowledge to themselves.  There’s huge “big data” insight for them to profit on.  You need a solution that lets you learn as much as possible and not just fattens their bank account.




By testing it out, you’re going to learn a lot about your brand, target market, your content, and how to improve your integrated campaigns. We assume you use many channels in your marketing.

AI solutions will allow you to test digital marketing campaigns at a rate and depth that no human could. And the insight the software could generated could be really helpful. In many cases, you can have a very weak understanding of your typical customer persona, yet analyze just the click through and content engagement of your visitors to learn what they actually like and don’t like right there and then, so you don’t lose them.

You can test everything from media buys, to keyword choices to blog topics all the way to calls to action. The potential value of AI solutions outweighs the cost of your learning curve. AI will likely spew out value and insight that will change every area of your company. It could help you improve customer service, product design, and more.

Recently a report found that AI has even improved social influencer results.  Wouldn’t it be exciting to analyze your social network and find out how to get influencers to promote your company?

AI marketing software is inevitable. Better to begin asssessing what’s available and do some trial runs.

Taking a Look at Albert AI

As an example, if you take a look at a product such as Adgorithm’s Albert AI, you’ll get a better sense of what it offers.  As you can see here in this graphic, Albert provides an integrated suite of services that pack a powerful punch.  I’m impressed with Albert AI’s support staff and the fact they have recently released a small business version. It’s not too expensive and the software interface is well designed.

Graphic courtesy of Alberta.ai

The Top 2 Benefits of Albert AI

Although the Albert software does a lot itself, I believe 1) Testing and Optimization and 2) Analytics and Insights services provide the key benefits. Soon, the prediction of customer behavior may be most valuable.

Manual testing and analytics isn’t very satisfying. Analysts don’t have enough data to draw insight from. If you’ve perused your own website’s Google Analytics reports, you know what I mean. It’s not the highest quality actionable data. And we can’t test fast enough to draw better insight from it. That’s frustrating and wasteful.

Albert however, can test visitor response, intent, and engagement, and do it in real time. Just think if you could test visitors and maximize insight from their individual visits right now.  Then continue when they return? 99% of your visitors leave your website, so you’re taking a big loss and turning it into an asset.

If your organic and ppc team specialists can generate the traffic, you have the possibility of learning more and continually improving your content and sales funnel. Everyone is into funnel optimization these days, but how many have tools to actually do it well?

If you’re uncertain about its value, you can do a test campaign. Find someone who can be your AI marketing strategist, (someone with a psssion for it) and follow an implementation process. Albert offers assistance in setting up your account and implementing your campaign elements.

From there, it’s a process of learning and improving, and assessing your results.

If trying it out is this easy, it makes sense to invest in it. This is a win win situation where you’ll gain from anything you commit to. It’s probably time to give AI marketing software some good thought and get on this before your competitors do.

Build your brand and sales results faster and better. If you believe in growing a more successful business, this should be a fun and worthwhile experience.

Call me at 416 998 6246 if you’re ready to hire a digital marketing specialist and investigate and test AI Marketing Software.

 

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