April 22nd, 2024 10:18 PM by Eric Willner
Radio Show Notes 04/17/24 Wednesday:
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Don't Fear the Fluctuating Market: How to Seize Real Estate Opportunities Now (Even With Rising Rates!)
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
Welcome to The Real Estate Show—South Florida’s #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. My name is Eric Willner, known as the Voice of Real Estate and founder of the nation's longest-running daily radio show about real estate. I'm also the creator of The Automatic Landlord System for owning cash-flowing real estate profitably and hassle-free. This show is a virtual real estate seminar in every episode.
Today is the "Wednesday Midweek Mortgage & Market Report" Edition of The Real Estate Show, where we dive into why NOW is the right time to buy real estate using the theme of Times of Turmoil are also Times of Opportunity.
Did you know?
"Did you know investing just $100 per month with a 7% annual return could grow to over $1 million in 40 years? (Source: Compound Interest Calculator) Starting small and letting your money grow over time can be powerful. Consistency is the secret to financial success. Want to do it in less time? Stay tuned!"
Special Free Workshops:
Before we dive in, let me remind you of this week's special FREE Workshops:
Today’s show is about Times of Turmoil are also Times of Opportunity and how crucial it is to understand how this theme can shape your real estate success.
The Importance of Knowing the Market
In uncertain times, it’s natural for people to hold off on making significant investments. However, these moments can offer unique opportunities to purchase real estate at lower prices and secure more favorable terms. With the right approach, today's market conditions can set the stage for long-term financial growth.
Current Market Trends
4. Take Advantage of Increased Inventory: The recent spike in home sales and inventory means more options for buyers and investors. Look for properties that fit your investment strategy.
KEY POINTS
· The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country. Here’s what tenants should know about the new protection.
· The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country.
· While some housing experts criticized the move, tenant advocates said the new rule, which will cap rent increases at 10%, will help people to stay in their homes.
· “The rent is still too damn high, but this cap will provide stability to more than a million tenants,” said Tara Raghuveer, the director of the National Tenant Union Federation.
· However, Mortgage Bankers Association President and CEO Bob Broeksmit said capping rent increases would only worsen the housing-affordability crisis.
· “Rent control has consistently proven to be a failed policy that discourages new construction, distorts market pricing, and leads to a degradation of the quality of rental housing — the exact opposite of what is currently needed in markets throughout the country,” Broeksmit said.
· Here’s what renters should know about the new protection, which was announced on April 1 and is now in effect.
· The cap applies to units that receive funding from the Low-Income Housing Tax Credit, the nation’s largest federal affordable housing program, according to experts. The National Low-Income Housing Coalition estimates that around 2.6 million rental homes across the U.S. have current LIHTC rent and income restrictions.
· To learn if you are in such a unit, you can look on your lease — check for the word “tax credit” or the letters “LIHTC” — or ask your landlord, said Shamus Roller, the executive director of the National Housing Law Project.
· You can also ask your state housing agency, he said.
· Some agencies have an interactive map and a list of all LIHTC properties available on their website, Roller said.
· Another option is to ask your local recorder’s office for documentation.
· “All LIHTC properties are subject to a regulatory agreement that must be recorded against the property,” he added.
· There is also a LIHTC public database, but housing advocates warned it was outdated. A tenant could also check with the National Housing Preservation Database.
· The U.S. Department of Housing and Urban Development uses income limits each year to calculate the maximum amount of rent that an owner can charge a LIHTC tenant, according to the National Housing Law Project.
Text EDGE to 561-861-2366 to stay updated on the latest trends and tips.
Summary
Today's show highlights the potential for opportunity in times of uncertainty. With mortgage rates fluctuating, mortgage demand stalling, and home sales spiking, there are numerous angles to explore. Understanding these trends can help you make informed decisions and maximize your real estate investments.
Conclusion
Thank you for tuning in to The Real Estate Show. Remember, don't just listen—take action. Use our insights to guide your real estate investments and decisions. Join us tomorrow for the "ATM Edition—About The Money," where we dive into topics that impact your financial success. And don't forget to share this show with others who should own real estate.
Stay informed, take advantage of these opportunities, and keep listening for more valuable insights on The Real Estate Show!
Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
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