Did you know auto insurance premiums rose by 7% last year, far above the usual 3 to 4%. When drivers don’t shop around for better insurance quotes, or mortgage rates, or a home, companies take advantage.
Even with no claims, they draw funds form your account for years and decades on end. Any you never ask them for anything. You’ll be happier if you get online quotes. It’s so easy and hassle free.
It’s all about lower rates and getting lower auto insurance quotes. Yet insurance companies won’t just offer them. You have to search for a better car insurance quote. Now that you’re hear, it’s time to begin your search.
“Shop Around for a Lower Car Insurance Quote“
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.
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 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 rate quotes 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
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.
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?
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.
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.
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?
I welcome all inquiries from businesses inLos 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.
The success of online shopping via Amazon tells us consumers enjoy the experience of shopping around. No sore feet, parking hassles, or traffic stress, not gasoline prices, better prices, and infinite selection makes shopping online compelling.
Shopping for a cheaper mortgage should be that way too.
Instead of accepting your own bank’s tired high interest offering, you’ll enjoy saving thousands by shopping online for a lower mortgage rate.
Surprising and proven savings of 5 to 22 points translates to an average savings of $2,914
Mortgage Rates are Rising
Yes, they will grow by the week, but that doesn’t mean you can’t break free of the rising costs, by switching mortgage companies and locking in at a guaranteed rate that will save you thousands.
Type of Mortgage
Weekly Rate of Change
30-Year Fixed Rate Mortgage
Fixed rate for the life of a loan
20-Year Fixed Rate Mortgage
Fixed rate for the life of a loan
15-Year Fixed Rate Mortgage
Fixed rate for the life of a loan
10-Year Fixed Rate Mortgage
Fixed rate for the life of a loan
7/1 ARM Mortgage
Fixed rate for 7 years, then raised thereafter
5/1 ARM Mortgage
Fixed rate for 5 years, then raised thereafter
3/1 ARM Mortgage
Fixed rate for 3 years, then raised thereafter
Better terms, lower monthly payments and lower fixed fees will make this process an even more palatable one for you.
As you’ll find out below, when homeowners search for a better rate, they generally get a lower mortgage rate quote of an astonishing 5 to 22 points! And that translates to an average savings of $2,914 if the borrower receives 5 mortgage rate quotes. On a 30 year 5% mortgage rate on a $500,000 home loan, the savings are even bigger. By Shopping around yu ensure you don’t get sold a product you don’t really need.
Along with lower rates, shopping for mortgages with lower broker or financing fees gives you more than enough justification for shopping around online. You’re on your computer or mobile phone! Fight back against the banks high rates by shopping right now.
You can ask about terms, rates benefits, and anything you don’t understand with those offering up a mortgage quote. Shopping online takes a lot of the friction, uncertainty, and effort out of getting the best mortgage possible.
Fixed Rates, HELOCs, Savings, and Debt Refinance
This summer, everyone’s thinking mortgage quotes because rates are rising. This rise will affect your mortgage approval, home refinancing rates, Heloc application, debt refinancing, and much more.
The banks are becoming more rejecting so it’s time to widen your search using all channels, including mortgage brokers. The Freddie Mac survey shows us the value is there. And you don’t want to wait for nasty surprises that could see you lose your home.
“Won’t my bank give me the lowest rate possible?” Why would they give you a rock bottom rate if you’re going to renew without asking? They’d be cutting their own big profits.
Questions: Does shopping around actually create a significant difference?
In these graphics courtesy of Freddie Mac’s recent mortgage shopping report, buyers saved at least 10 points on average (orange and green dotted lines) and some as much as 22 points. The more questioning and persistent you are, the further the savings you generate.
Rising Mortgage Rates in the US
In the US, rising mortgage rates are a concern. Mortgage applications dropped for a 4th straight time since March and that’s weighing down the US housing market.
Tighter lending, bank reluctance, and higher rates will mean refinancing your mortgage will cost hundreds to thousands more in 2019 and 2020. How many days does it take you to earn that money?
Cost of living is about to rise. With inflation on the upswing, flat home prices, and gasoline and oil prices being forecast to rocket, the next year could bring pain and stress for many homeowners who need to refinance.
The big banks have owned the mortgage market since 2008, but Freddie Mac is supporting non-banks who are providing mortgage related financing to more consumers. Quicken Loans, Freedom Mortgage, LoanDepot, and Caliber Home Loans are just a few of the other new online mortgage loan providers competing for your business now. There are many more in addition to brokers and banks.
Mortgage Rate Quote Tips:
⦁ research rates and know what is actually a good mortgage rate before you accept
⦁ get quotes from at least 5 different mortgage brokers or online providers
⦁ ask about special quotes for certain occupations
⦁ do maximize your down payment amount
⦁ lock in at fixed rates for at least 10 years
⦁ ask how much in interest you’ll be paying for the life of the home loan
⦁ ask for special benefits such as payment holidays
⦁ renegotiate in spring when more lenders are cutting rates to win business
Canadians are Facing Record Mortgage Refinancing Levels
In Canada, around 47% of all existing mortgages will need to be refinanced this year, according to CIBC estimates. And that’s up from the 25 to 35% range in a normal year. Canadians will be in a rush to capture better financing and they’ll likely be switching mortgage lenders to get it. Dominion Lending for instance is seeing big growth but they’re also rejecting more mortgage applications.
Rising interest rates and tighter lending regulations in Canada combine with very high consumer debt levels, making it tougher for Canadians to qualify for and get mortgage refinancing they can afford.
This could make for more volatility in the Toronto housing market and Vancouver housing markets. For the first time in a long while, borrowers are nervous and concerned about refinancing rates they need for home loans, HELOCs, and to repay off debts. These higher financing rates are expected to set off a cascade of housing and financial issues across Canada.
The Fed is expecting to raise interest rates slightly and the housing market isn’t expected to cool much.
Any rise in rates right now however creates a significantly higher monthly payment. Check the mortgage rate calculator to see how much your monthly payments will rise when rates go up a further 1%.
Mortgage Rate History – St Louis Fed
If we look at this graphic below, we can see how far up mortgage rates could rise again. The small increases in mortgage rates right now seem cheap in comparison with the early 1980’s. However today’s home prices are significantly higher and wages are lower in comparison.
Since early January, mortgage rates have been rising fast. With inflation creeping upward, wages rising and housing construction growing stronger, more American will be buying real estate.
The Secondary Mortgage Market and Brokers
You shouldn’t be accepting your banks offer without looking at what the secondary financing market can offer. A savings of a couple of points on a 5 year fixed term or a 30 year fixed rate loan is nothing to sneeze at.
Checking a mortgage broker in your city is just plain wise and there are many advertising online. You’ll have access to better mortgage benefits and find a lower mortgage rate.
It’s All About Finding a Lowest Mortgage Rate
If money is a commodity and there’s plenty of mortgage lenders, then it’s all about finding the lowest mortgage rate quote. Of course, those rates won’t just jump out at you. You’re going to have to do some searching for a better quote online.
According to Freddie Mac, borrowers received rate quotes ranging from 4.2% to 4.8%. That’s way a patient search process is vital for you to get the best deal.
Good Luck with Your low rate mortgage search. Bookmark this page because it will be updated with more news on mortgage rate savings!
May 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 from sources such as NAR, Trulia, Freddie Mac, Zillow, Case Shiller, Trading Economics, and more.
NAR reports that existing home sales grew in April, 1.1% which is well up from the 1.2% loss 12 months ago. See the NAR charts below for others stats and which are the hottest markets for April.
Spring Market is Starting Strong
It’s an unusual spring market given the growing purchasing power of home buyers in low to mid market prices. That makes it a great market for those looking to sell their current home to trade up to a better one.
Resale home transactions rose 1.1% in March showing clealy that buyers are hungry to buy. However, listings have declined 7.2% and prices have risen 5.8% versus last March.
It’s a sellers market and it will be for some time. If you’re hunting for houses for sale, you’d better have an advanced search strategy.
The dwindling numbers of homes for sale should push prices upward in Los Angeles, San Diego, Boston, Denver, Las Vegas, Dallas, Miami, Seattle, New York, and Houston . It’s all driven by a wildly successful economy and a resistance by local and state governments to support home development in their jurisdictions.
Please feel free to use this material 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 as home prices and mortgage rates rise.
NAR’s March Update
Homes sales have risen for 2 months straight, however they’re down 1.1% from same time last year. Although prices haven’t hit the 2007 records, they are too high for most to afford even though wages have grown. Home prices are now running at double the average wage increase.
The median existing-home price for all housing types in March was $250,400, up 5.8 percent from March 2017 ($236,600). March’s price increase marks the 73rd straight month of year-over-year gains — from NAR
Boston, New York, New Jersey
March existing-home sales in the Northeast jumped 6.3 percent to an annual rate of 680,000, but are still 9.3 percent below a year ago. The median price in the Northeast was $270,600, which is 3.3 percent above March 2017 – from NAR update.
Housing inventory is the most influential and persistent factor affecting home prices. Despite this, the media and some politicians blame speculation, building costs, interest and mortgage 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.
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.
Please do share this post on Facebook!
Should you Buy or Rent?
We all want to own a home, but does it make more sense to rent? If you can’t afford a home in New York, Boston, Los Angeles, San Francisco, or Dallas, renting may be the only option. Here’s a few blog posts I’ve written on the US rental housing market, apartment prices, and on buying vs renting.
What’s Driving the California Housing Market?
Strong demand from an eager demographic and economy is clashing with local resident NIMBYism to create a volatile market. See the California housing report.
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, predicts 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.
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 and summer 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 marketare 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.
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.
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
Realtor.com® 2018 Forecast
Home price appreciation
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
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 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.
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.
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.
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 Real Estate Markets in April 2018
Where are the hottest cities in the US? They’re all over this month and only 3 from California made the new top 20 list.
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 in the best cities.
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. However, rising oil prices and predictions for more, Texas may be your hottest state going through the summer.
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)
Current Home Prices
San Francisco, CA
San Jose, CA
Colorado Springs, CO
San Diego, CA
Santa Rosa, CA
Los Angeles, CA
Santa Cruz, CA
Boise City, ID
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 California, home 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:
home prices are appreciating and it’s a safe investment over the long term
millennials need a home to raise their families
rents are high giving property owners excellent ROI on rental properties
flips of older properties continue to create amazing returns
real property is less risky (unless you get over leveraged)
the economy is steady or improving (although Trump’s letting his enemies cause too much friction)
foreigners including Canadians are eager to own US property
bankrupt buyers are over their 7 year prohibition from the last recession and they can buy again.
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
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.
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.
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
Growth Predictions, 2014–24
Median annual wage, 2014
Total, all occupations
Job Growth by Occupation to 2026
2016 National Employment Matrix title and code (Chart data courtesy of BLS
Median annual wage 2016
Total, all occupations
Personal care aides
Combined food preparation and serving workers, including fast food
Home health aides
Software developers, applications
Janitors and cleaners, except maids and housekeeping cleaners
General and operations managers
Laborers and freight, stock, and material movers, hand
Waiters and waitresses
Accountants and auditors
Market research analysts and marketing specialists
Customer service representatives
Landscaping and groundskeeping workers
Maintenance and repair workers, general
Heavy and tractor-trailer truck drivers
Elementary school teachers, except special education
Stock clerks and order fillers
Teachers and instructors, all other
Receptionists and information clerks
Sales representatives, services, all other
Business operations specialists, all other
Licensed practical and licensed vocational nurses
US Housing Starts to 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
Graphic courtesy of paper-money.blogspot.ca
Housing and Interest Rate Forecast to 2019
Housing Activity (000)
Total Housing Starts
New Single Family Sales
Existing Single-Family Home Sales
Federal Funds Rate
90 day T Bill Rate
One Year Maturity
Ten Year Maturity
Freddie Mac Commitment Rates:
Fixed Rate Mortgages
Data are averages of seasonally adjusted quarterly data and may not match annual
Employment Outlook: Let’s not forget jobs. Total employed persons in the US will grow 800,000 over the next 2 years.
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.
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.
Bookmark this page and return for further housing market forecasts, predictions, expert opinions and market data for most major US cities including New York, Los 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.
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.
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.
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.
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!
The biggest sporting event in the world is the NFL’s Super Bowl Game which typically draws tv audiences of more than 110 million fans. And bettors too. Millions will be watching again and you’re likely wondering who will win the game?
There’s lots to see and enjoy below. If you haven’t set up your SuperBowl Party, now’s the time to do it. There’s game day recipes for food and drinks below.. It’s an excuse to get your friends together, so go ahead, get that started.
This year’s NFL football spectacle, the 52nd Super Bowl finale, will be played at the spectacular U.S. Bank Stadium in Minneapolis, Minnesota, which can learn about below. An amazing hi-tech building.
When is Super Bowl 52 Gametime?
It’s on Sunday, Feb. 4, 6:30 p.m. ET. CBS will be carrying the game on TV. You can also stream it from a variety of sources including NFL.com.
The 52nd Super Bowl Game will pit the New England Patriots vs the Philadelphia. As predicted, the Patriots are in, but the Eagles might be a surprise after curshing the Vikings vaunted defense in the NFC final.
The prediction does favor New England, as Tom Brady’s cut hand will be healed by Feb 4th, giving him full use of his throwing arm. And that arm has penetrated every defense in the league. This is Tom Brady’s 8th SuperBowl appearance, which is truly phenomenal. To bet against the Patriot’s would be unwise, however the Eagles do look strong this post season.
Brady is an excellent passer, in fact, outstanding when the pressure is on, as you can see in this stat of regular season play. But this is the SuperBowl and the Eagle’s quarterback has never played in this intense pressure before. By game time, he might be very tired.
The game is being promoted as New England’s offense vs Philadelphia’s Defense, however you have to wonder if the Eagle’s offense will cut New England’s defense to pieces. The eagle’s defense relies on turnovers to create points, and you wonder if they can get the experienced Patriots to cough up a few loose balls. Super Bowl 2018 might be a high scoring affair this time.
Who Are the Expert’s Super Bowl Picks to Win?
Sporting News: initial point spread lists New England as 5 1/2-point choice over Philadelphia.
Bleacher Report:Score: Patriots 24, Eagles 20
Odds Shark: Team
New England Patriots
Vegas Insider: Team
New England Patriots
Who Will Win SuperBowl 52? It looks like the experts are giving the Patriots the nod.
The dramatic projection at the western end of the stadium has drawn comparisons to the bow of a Viking ship. However, HKS architect John Hutchings, AIA says the jagged rocks on St. Anthony Falls and the ice shards that pile up on the edges of Minnesota lakes as they freeze, thaw, and refreeze in winter were the real inspirations for the structure. Photo and info courtesy of Architecture Minnesota.
Your Top Questions about this Year’s Super Bowl
When is the SuperBowl Game in 2018? The game will be played on February 4th, 2018.
Where is the Super Bowl Game in 2018? This year’s game, the 52nd classic, will be played at US Bank Stadium located at 401 Chicago Ave, Minneapolis, MN 55415. It’s not far from the Mississippi River and I35.
What is the Super Bowl kickoff or gametime? The kickoff time hasn’t been announced. Gametime is usually around 6:00 or 7:00 pm EST.
Who won the Super Bowl in 2017? The New England Patriots beat the Atlanta Falcons in one of the best football comeback wins ever. The Patriots are top contenders for this year’s trophy.
This game’s got some History. Football is a big part of American culture going back a century.
Photo courtesy of NYdailynews – Chicago wins 73-0 in 1930 classic Footballs from the NFL through the years. Photo courtesy of mystorybook.com
And then, sometimes it gets weird.
Photo Courtesy of US Bank Stadium
Photo Courtesy of Architecture MN
The US Bank Stadium has to be the most beautiful venue for football of any of the US cities and was inspired by the Nordic Vernacular architecture. The plastic transparent roof covers 220,000 square feet and lets the fans enjoy blue skies, clouds and an arresting open air vista.
Even the walls are made of plastic providing great views of downtown Minneapolis. The stadium is home field to the NFL’s Minnesota Vikings.
Photo Courtesy of Vector Foiltec
As you can see here, it has a cathedral type appearance and provides perhaps the most visually spectacular setting for the big game. Although attendance is down 1% in the 2017 NFL season, due to stadium repairs and some ill-advised, self-promoting political statements by a few players at the end of their careers, the fans will begin to forgive the NFL in time for the big game.
And where would we be without some cool drone footage?
Enjoy this 360 degree view inside the stadium courtesy of the Minnesota Vikings
Let’s not forget that this is the Vikings Home field (they’re having some issues with the NFL about who controls the stadium in the weeks before the big game) and the Vikings are one of the top contenders at present.
Listen as they play the Viking Gjallarhorn and do the Skol Chant
Amazing venue for SuperBowl 52. Enjoy the construction video:
The stadium playing field is lit by LED floodlights. The clarity LED lighting creates is astonishing, and plenty of viewers will be watching with their new 4k tvs. Certainly, 4k tv subscriptions will rise due solely to people wanting the SuperBowl to be a super party event.
Because LED lights are digital, they can be controlled as part of stadium light shows. The SuperBowl 52 Fans in attendance are in for a visual treat since gametime will be after sunset.
If you’re hoping to advertise your business on TV during the game, it will leave you stressed at a new record price of $5 million per 30 second spot. The game will draw another 110+ million total viewers for the 2018 finale.
Despite the ticket prices, the event will be a big one for the city of Minneapolis and an opportunity for them to showcase their city and beautiful stadium. And advertisers can’t afford the game being a failure when they’ve invested this much money into it.
SuperBowl games draw record numbers of social media postings on Facebook and Twitter. It’s a perfect event for Twitter — realtime with lots of sharable content.
Graphic courtesy of Seatgeek.com
Half Time Entertainment at SuperBowl 52
Half time entertainment will likely be the best yet, given the stadium’s visual spendor and the digital LED lighting system. The event is always a big draw for TV audiences and this year’s SuperBowl halftime entertainment will be headlined by Justin Timberlake, formerly of Nsync. Last years’ event was highlighted by Lady Gaga was quite a show where she showed her courage jumping from lofty heights to please her fans.
NFL Season Final Standings 2017
American Football Conference
AFC East Team
New England Patriots *
Buffalo Bills x
New York Jets
AFC North Team
Pittsburgh Steelers z
AFC South Team
Jacksonville Jaguars z
Tennessee Titans x
AFC West Team
Kansas City Chiefs z
Los Angeles Chargers
National Football Conference
NFC East Team
Philadelphia Eagles *
New York Giants
NFC North Team
Minnesota Vikings z
Green Bay Packers
NFC South Team
New Orleans Saints z
Carolina Panthers x
Atlanta Falcons x
Tampa Bay Buccaneers
NFC West Team
Los Angeles Rams z
San Francisco 49ers
SuperBowl 52 Odds & Picks
Bleacher Report has posted their SuperBowl 52 picks
Graphic Courtesy of the Bleacher Report
Here’s another Superbowl Prediction (odds and payout)
Teams Sorted Alphabetically
(courtesy of Footballlocks.com)
2018 Super Bowl LII Odds and Payout Per $100 Bet
$20,000 (200 to 1)
$3,500 (35 to 1)
$11,500 (115 to 1)
$13,000 (130 to 1)
$2,600 (26 to 1)
$50,000 (500 to 1)
$25,000 (250 to 1)
$5,000 (50 to 1)
$30,000 (300 to 1)
$5,000 (50 to 1)
Green Bay Packers
$6,000 (60 to 1)
$25,000 (250 to 1)
$250,000 (2,500 to 1)
$3,000 (30 to 1)
Kansas City Chiefs
$1,300 (13 to 1)
Los Angeles Chargers
$16,500 (165 to 1)
Los Angeles Rams
$1,300 (13 to 1)
$45,000 (450 to 1)
$1,700 (17 to 1)
New England Patriots
$350 (7 to 2)
New Orleans Saints
$1,000 (10 to 1)
New York Jets
$100,000 (1,000 to 1)
$4,000 (40 to 1)
$500 (5 to 1)
$450 (9 to 2)
$1,700 (17 to 1)
Tampa Bay Buccaneers
$50,000 (500 to 1)
$5,000 (50 to 1)
$12,500 (125 to 1)
Kids NFL Football Sets
A great Xmas gift and a good way to get your kids into the Football mindset is with these Franklin Sports kids NFL football uniforms:
Screen Capture Courtesy of Franklin Sports. Note: I am not paid by or affiliated with Franklin Sports. I just think your kids will love their products.
The New England Patriots
Whether you’re betting or not, you probably have a favorite to win the SuperBowl game. If you’ve been a fan for the last few years, you probably know how the New England Patriots always seem to hang around to the end. They’ve landed 5 SuperBowl Championships in the last 14 years.
Photo Courtesy of wymt.com
New England is one of those teams that can make you like football, even if you hate NFL football. Last year, they did the impossible and won the Championship game in overtime after being down 28 to 3 in the 3rd quarter! It may have been the most entertaining SuperBowl Final ever.
You can relive it all right here:
Habitual SuperBowl Champions
The Patriots just seem to field a very good team on a yearly basis. 2017’s finale was highlighted by New England’s incredible comeback over the Atlanta Falcons who were favored, to reign as Champions. The game was particularly good in the second half with lots of suspense.
NFL fans in Boston will be pleased to hear that the Patriot’s are again favored to appear and they have their star offensive player Rob Gronkowski healthy back in the lineup. Football’s a team game, however Gronkis a game breaker and the bane of all defenses in the NFL. He probably felt cheated not being there last year and will be putting up an MVP performance for this one.
The reason the Patriot’s will win the SuperBowl is simple. Grady and Gronkowski. Tight end Rob Gronkowski is 6-foot-6 and 265 pounds, too big for the small speedy defensive backs to take down, and way too fast for linebackers to catch.
No defenses are built to defend against players like him. He’s constantly a threat and draws extra attention, which leaves the other Patriot receivers open. And 39 year old Tom Brady always seems to be able to get the ball to their endless supply of nifty receivers.
Keep in mind that Gronk has his own party bus for rent! It’ll take you about 22 hours to drive to Minneapolis, but isn’t it worth it?
Who Will win SuperBowl 2018? The New England Patriots are my prediction to win SuperBowl 52 just as they won SuperBowl 51. Sure the Vikings are great too, and hopefully they’ll win their conferences and show up against each other in SBLII.
Tom Brady may be injured but the Patriot’s still have the grit, talent and the skill to win it. Belichik is a good coach.
Other notable SuperBowl Picks:
Pittsburgh Steelers are on a quite a roll lately. They’ve looked very menacing in the past, yet didn’t come close so I wouldn’t put too much money on the Steelers this year.
Dallas Cowboys – America’s team has lost a lot of it’s former glory and reputation and unfortunately don’t have the real talent to win SuperBowl 52.
Seattle Seahawks – Some teams can take one or two runs at the SuperBowl but don’t have anything left in the tank for continuous post season glory.
Atlanta Falcons – They were lauded as the winners last year, but the loss left them deflated and they didn’t qualify.
Any Predictions on the Top SuperBowl Game Recipes?
Can’t decide on snacks and meals to serve for the big game? My picks are Nachos, Chili, Chicken Wings, Pizza, Guacamole, and someone is bound to be eating ribs.
Well, keep it light, eat a few veggies to keep Mom happy, and remember that fun is the word for SuperBowl Sunday. Check out 75 recipes from Country Living and 100 SuperBowl Game appetizers from Delish.com
Super Bowl 52 Drink Ideas?
You might like the ideas from Coupons.com such as the Brady Blast pictured here:
Nachos – Top Food Pick for SuperBowl 52 in Minneapolis MN
Across the country, you’ve likely seen more high end luxury cars on the roadway. Manufacturers are building more high priced gas powered/hybrid perforance cars and the race is on for electric powered vehicles.
You’ll be surprised at the performance and features of the new releases this year. Check out the videos below.
With luxury car buyers anticipating upcoming releases of expensive luxury cars including the Porsche Mission e EV, we might also want to review auto insurance for them. Will repairs be more costly? Are they heavier and more stable in snow/ice conditions?
The demand for luxury vehicle insurance (called luxury car insurance) has grown substantially. Porsche, Lamborghini, Ferari, BMW, Audi, Mercedes Benz, Bently, Rolls Royce, and other brands are producing some very interesting new electric luxury cars. That means owners may need review their auto insurance coverage.
Special Insurance for a Special Group of Drivers
Not all insurance companies are interested in providing policies for high end, luxury classic collector, or high value automobiles. Expensive cars however do represent a unique seet of liabilties and unique auto insurance coverage.
Your Porsche, Mercedes Benz, BMW, Maserati, Bentley, Lamborghini, Ferari, Rolls Royce, or Jaguar is not just another vehicle. Insurance specialty coverage gives you the peace of mind that your luxury vehicle is fully covered and that your policy will meet your needs and claims if you’ve involved in an accident. You’ll need to search for that and I have a short list of top luxury auto insurance brokers below.
Electric Luxury Cars are All the Rage
It seems like a new electric luxury model is being released every month. Attention is moving away from Tesla to new group of electric car manufacturers. Below is Jaguar’s new concept car called the I Pace SUV.
Photo courtesy of Jaguar Canada.
And how about this beauty Luxury EV from Lucid Motors? 240 mile range with 400 HP!
Listed below are some of the best high value, luxury car insurance carriers specializing in in luxury cars and high priced vintage and classic cars. These companies understand expensive automobiles and their owners and provide policies more suitable to their needs.
If you’ve read this post on which cars are most expensive to insure, you know that a cars price tag doesn’t always mean more pricey insurance rates. And when you shop around specifically for car insurance for luxury automobiles, you’ll eventually find those insurers who offer better rates. Even for luxury vehicles, it’s shop and save!
In some states, provinces and jurisdictions there is a trend to limiting auto insurance coverage. In Vancouver BC for instance, the BC government has dropped coverage for luxury cars. They stated that regular car insurance buyers were subsidizing the more costly car’s protection.
It’s left a lot of wealthy Vancouver drivers looking for coverage for their high value automobile, and they’re switching to Alberta for their policies.
The fact is, that many luxury cars don’t get driven much. They are low use, special ocassion vehicles and when usage based telematics devices are used, the luxury car driver can prove the car is being driven safely and infrequently. It’s factors like these that should help avoid the disappearance of luxury car insurance.
The key factors in which luxury car insurance provider to choose comes down to:
higher limits of collision coverage
the ability to complete repairs using genuine manufacturer’s components
Cheap insurance is often not a priority among luxury car owners who need customized coverage for their Porsche, Mercedes Benz, BMW, Maserati, Bentley, Lamborghini, Ferari, Rolls Royce, or Jaguar. The key is to ensure the value of the car is protected. High end luxury cars are a big investment even for wealthy owners.
Housing Bubble 2018? Will the Real Estate Market Crash This Year?
Home buyers, mortgage holders, and investors are asking more lately, “Will the housing market crash in 2018/2019?” The US Housing Market is strong, so if this is a housing bubble, it’s a big one.
Remember the worst financial mismanagement and calamity of our era? Subprime mortgages. 7.8 million foreclosures occurred during the 2008 housing crash and the country sunk into a severe recession.
Are we in a residential housing bubble? While the Trump administration has brought unprecedented growth in the US job market, a preoccupation with ideological issues such as immigration and nuclear war along with cancelled trade deals point to a recession.
With job and wage growth now rising, the situation might be more one of inflation, rising interest rates, and strong housing starts. That suggests a recesson won’t be for a few years. If the jobs and industry repatriation continues, then growth could continue for many years. Industry can’t be repatriated to the US in a short time. It took China decades to gain its monopoly on manufacturing.
What is a ‘Housing Bubble’
According to investopia, A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. Housing bubbles grow with an increase in housing demand, pressured by limited supply. Then speculators enter the market to capitalize on capital gains and rental income property opportunities.
Supposedly, lessons were learned with controls on lending practices. Yet, could housing plunge for different reasons this time? Is a bubble a certain sign of a housing market crash? Experts think so.
12 Reasons for a Housing Crash
excessively high home prices from a price bubble
sudden underwater mortgages
rising interest mortgage rates
slowing economy and sudden rises in unemployment
wage growth not keeping up with home prices
a stock market bubble and volatility
level of consumer debt
cost of living rises
risky low rate mortgages for new home buyers
high oil and energy prices
Homeowners are wise to be wary. The last crash cost many their homes and savings. Billions wiped out. There were plenty of expert predictions about a crash in 2016 and 2017, but that didn’t happen. That’s because the US economy is too strong and frankly, it doesn’t look to be letting up for many years.
Money manager James Stack, 66, ($1.3 billion fund) predicted the last housing crash in 2005, just before prices peaked says his “Housing Bubble Bellwether Barometer” of homebuilder and mortgage company stocks is warning of another crash.
Stack’s emphasis on financial companies is interesting. He must feel that it’s this over-leveraged group, the ones we forgot about, that could be the weak link. If the Fed goes crazy with rises, it makes sense that homeowners would begin defaulting on their mortgages leading to finance company failures again.
The recent tax changes are powering up the economy fast but they’re cooling demand which could keep it from peaking further. But prices have raged forming one half of the bubble.
The problem comes when the bubble bursts and losses of 30%, 40% or more pile up quickly. Investors tell themselves they’ll be smart enough to get out in time, but that’s not true.” from a post on Bubble Dynamics by Jim Rickards.
With all the political strife in the US, there’s those who might think a housing market collapse is inevitable and could launch a stock market crash. Maybe a few will take pleasure from it. Wars, government incompetence, political interference, weak banking system, and a weakening economy brought everything down in 2008.
Some experts warn the conditions also exist for a crash in 2018/2019. Is this just anti-Trump lobby fear mongering or is there a factual basis for a housing crash? They point to heated up markets like Washington DC, Dallas, New York, Seattle and Denver and talk about bubbles.
They point to Presidential impeachment, trashed trade deals, global economic slides, and high consumer debt as sure signs the housing market bubble will burst.
So is there really a US housing bubble and a tumble as early as 2018? Or will the year of the natural disaster be followed by a unusual good year for housing?
International economies play a big role now so perhaps domestic issues might not be enough to set off a housing landslide. But let’s take a closer look at all the fundamentals below.
The Last Housing Crash
Can history be a reliable guide to the 2018 to 2020 period? Looking back at the last housing crash 10 years ago, experts blamed it on everything from easy low mortgage rates to greed, house fippers, unregulated banks and lenders, mortgage underwriters and sub prime loans.
And when mortgage holders believe they will owe endlessly on a worthless high priced property, they’ll begin defaulting on their mortgages. If mortgage rates jump and they aren’t locked in at a low rate, that’s a factor.
If trade wars do begin, it could kill jobs, wage levels, and investment, resulting in a slide. The economy is the number one factor. And if foreign buyers want to sell because of currency worries, prices would fall.
It’s these worries that keep property investors up at night and a lot of people from buying.
Those housing experts point to a number of things that exist now and could transpire in 2018 or 2019. So if the housing market was to burst, would that affect how much you should pay for a house? If you’re a seller, should you sell your house now?
The US housing market has ridden the longest economic rally in US history. Is this an economic bubble too?
There is an economic bubble. We’re in it. It’s a period of intense optimism with lots of disposable income to throw at home purchases. And places like California is where the tech industry has done so well, bidding has been most intense. Yet, it’s not completely out of control (although anyone in the Bay Area would argue) as the points below suggest.
Graphic courtesy of Zillow.com
What happens if China calls in that debt? Interest rates would rise, layoffs would grow, mortgages would begin to default, and prices would plummet faster than they went up.
Is there Excessive Risk Taking in the Housing and Investment Market?
Experts say excessive risk isn’t present in the markets. They suggest few are overleveraged, financially stressed, and not threatened by increased interest rates.
Is Demand for Housing in the US exhausted?
It appears demand for housing is still strong and considerable building is taking place. However not enough housing is being built to satisfy current demand.
Is Debt a Problem?
US credit card debt is the highest in history and the US national debt is $20 Trillion. The US annual trade deficit is also in the trillions. The average US home buyers puts 5% down on a home whereas in the past it was 20%. There’s not a lot of new mortgage debt:
In 2016, new first lien mortgages topped $2 trillion for the first time since the end of the housing crisis, but mortgage originations were still 25 percent lower than their pre-recession average — from Magnify Money.
Average debt to income ratio is rising yet is way below what it was before the last housing bubble.
However, Equity is High
Homeownership is at its lowest level ever in the last 30 years. Most Americans make low wages and can’t afford to buy. And those who do own, have a lot of home equity.
Unofficial Conclusion: No Housing Bubble for the Foreseeable Future
It doesn’t look like the statistics support a housing bubble or a burst. The markets appear to be stable and those who are at risk of an economic downturn are renting and don’t hold mortgages.
We can say for sure that it is a good time for wealthy Americans and large multinational corporations. Record profits that they don’t appear to be willing to share with American workers. Without excessive demand from the working class, a housing bubble would have to happen from investors taking flight.
Perhaps the best way to prevent a housing bubble from happening and an economic catastrophy is to not allow half of Americans to participate in the housing markets. This is why the property rental market is piping hot. There may not be an end to demand for rentals.
Houses for Sale – Your Ultimate Source for Finding Homes for Sale
If you’ve read the housing forecast report, you know the availability of homes for sale is squeezed. A lot of properties aren’t even listed which will make it significantly difficult for you to find the property you’re dreaming of.
Real estate investors know fast about great homes for sale that offer the best investment value and there’s several ways they get first dibs on properties for sale.
Realtor Pocket Listings is one way they get connected to exclusive, quality houses. This is where the Realtor works both sides of a transaction and they keep the home listing to themselves hoping to broker it to their own pool of buyers. This works well in a market like we have now where houses for sale are rare.
Realtors will keep these listings quiet, so you need to be in contact with as many Realtors as possible, such as one from each major brokerage. The bottom line in finding your dream home or good investment property and houses for sale in your city is with a well rounded home search strategy.
Houses for Sale on the MLS
Remember that you may not see the best houses for sale on the MLS. You need to expand your search online using a variety of housing sources. Some services also do complex predictive analytics where they monitor social activity and other sources to find homebuyers and sellers who are exhibiting pre-sale behavior. This can be very good.
Realtor.com, Zillow, Remax, Trulia, Redfin, Coldwell Banker, Century 21, Sothebys, and Craigslist might be the way to go, to find houses for sale, but you’re kind of getting the leftovers. It’s like searching for a job using the classifieds. These are the awful jobs companies can’t fill so they advertise and go through the painful process of employee selection. That’s a grind.
Finding the Best Houses for Sale
With real estate, you’re looking for the best properties, the good stuff, that no one knows about. It’s better to find the best rather than toiling with a Realtor sorting through a limited supply. However, it’s wise to use a Realtor as part of your quest to find the best homes, houses, condos, townhouses, apartments or income investment properties from Los Angeles to San Diego to Florida. Use the Zillow Home Search Tool to get started!
Investors, while you’re at it, get educated about the national housing forecast, and find housing markets where there is a good upside potential for ROI. Don’t stick to your local market just because you live there. There’s more potential in the best cities.
Our quest in this page is detached houses for sale in your city. Let’s get started!
Lucrative Canadian Real Estate Market Spilling over into the US
Foreign buyers are buying up US properties and the biggest increase is coming from Canadians. Even NAR’s Chief Lawrence Yun was surprised by the growing demand from Canadians given the low Canadian dollar. Yun is quoted in an LA Times report that the high housing prices in Toronto and Vancouver were also behind the movement of investment money to buy US real estate.
Canadians are now the biggest buyers of US real estate at $20 Billion per year next to the Chinese at $31 Billion. There’s no reason to believe it won’t continue right through 2018.
One Toronto real estate agent was quoted as saying buyers are cashing out in Canada and then buying second houses to vacation in the United States, usually in Florida. “The Canadians love your weather. We have more money because of our real estate market here — that’s really the answer.”
Canadian Investment in US Property up 50%
Purchases from foreign buyers in the US has grown 50% in the last year. This is a big trend which US real estate agents should be aware of. The lack of housing supply in the US is putting upward pressure on prices, which perhaps Canadian buyers are hoping to gain from.
Many Canadian and Chinese buyers go online to find suitable investment properties. Is your website visible online? Is it truly engaging for buyers and sellers? Take a good look at these real estate marketing packages to gauge where you should aim your strategy. There’s never been a better time to plan your real estate sales future.
Call me at 416 998 6246 and let’s get your career launched properly.
Below you’ll find a large interactive map of coffee shops in your location. Whether you’re in Los Angeles, San Diego, San Francisco, Toronto, Seattle, Sacramento, Orange County, San Jose, Las Vegas, New York, Boston or Miami, no worries.
If the coffee shop for you isn’t there, they don’t want to be found! And while you might find Starbucks shops and McDonalds Cafes galore in most cities intown or on the road, the most popular and prevalent, you should check out other shops and bistros for a special organic or Costa Rica flavor.
Some independent coffee shops offer exceptional atmospheres, fun, relaxing and with views! Find one below, local to your specific geolocation.
Where are the most popular coffee drinks?
Americano. A shot or two of espresso with a little added hot water.
Cappuccino. is an Espresso with some steamed milk topped with foam.
Café au Lait. Half coffee with half steamed milk.
Espresso. Brewed by forcing a small amount of nearly boiling water under pressure through finely ground coffee beans
Latte. Made with espresso and hot steamed milk, but milkier than a cappuccino.
Breve. American variation of a latte: using steamed half-and-half mixture of milk and cream instead of milk
Macchiato. Espresso macchiato, is an espresso coffee drink with a small amount of milk, usually foamed
Chai Latte. a flavoured tea beverage made by brewing black tea with a mixture of aromatic Indian spices and herbs
What is your Favorite Coffee Shop and Coffee Drink?
Global coffee drinkers consumer more than 2 billion cups of coffee per day, and the coffee industry employs 5 million Brazilians, and millions more workers in Costa Rica, Columbia, and Vietnam. Coffee sales represent about 80% of revenues for many restaurants worldwide. And let’s not forget how many workers it employs right here in the US from Los Angeles, to Miami to New York and Chicago. Literally millions of jobs depend on the sale of coffee.
Which coffee shops brands have the most locations?
McDonalds McCafe – 1300 locations
Costa Coffee – 1700 locations
Tim Hortons – 4300 locations
Dunkin Donuts – 10,000+ locations
Starbucks – 20,00+ locations
Coffee is big in America (Starbucks had an income of 4.2 Billion dollars last year) and it’s becoming big in China too. And that means thousands of coffee shops are springing up in countries that have normally not been big consumers of java.
America Divided on Which Coffee Shop Brands They Prefer
Coffee Brand Map courtesy of Maptitude.com
Most searches for a coffee shop near me are likely to involve a Starbucks downtown, on a highway, or near an airport. The map below plots them out in detail with driving directions, sometimes a picture, and a menu. You may have to push the “+ button” until you drill down to specific areas where coffee shops near you will appear.
Find Coffee Shops Near Me
Find restaurants near me Los Angeles, restaurants near me in San Diego, and restaurants near me in Toronto. Enjoy dining out tonight with the food, drinks and atmosphere you’re hoping for. Enjoy your visit and make some beautiful memories.