July 12th, 2022 4:51 PM by Eric Willner
Radio Show Notes 7/11/22 Monday:
Read a summary of the show below or
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Radio Show Notes 07.11.22 - Mondays on a Mission on The Real Estate Show – It’s Time To Invest in Real Estate – Just Look at FHFA Report!
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate heard Monday Thru Friday on the air, on the net, and on apps.
Hi, in this Monday edition of The Real Estate Show, with Real Estate Investment Expert and Radio Show Host Eric Willner, he reveals what the FHFA Q! Report says and what it means to real estate investors. The fake media may hype the market, but these numbers don’t lie!
Welcome to week 28 of 2022! It’s “7-11” Day (Free Slurpee’s at participating 7-11s), the 192nd day of the year, and that means we are past the midpoint of the year, and there are only 173 days left! Are you HAPPY about where you are so far this year? It’s later than you think! And the time to ACT is NOW!
The fake media is still beating their panic drums about the looming recession and foreclosure tsunami heading our way. Before anyone panics, let’s take a closer look at this. First it was going to be due to the Pandemic. That did not happen. Then it was rising prices, “The Real Estate Bubble” all over again. That did not happen either. Now its inflation and interest rates. Eventually, the market cycles will turn. It will, but even a broken clock is right two times a day.
However, all the current economic data points to a different scenario. So far the economic data released on jobs last Friday pointed to stronger than expected employment. That's a good sign, because people with jobs can afford to buy houses and pay mortgages, and growing jobs equals more people able to do so. Then there is the most recent first quarter report by the Federal Housing Finance Agency (FHFA). This report gives statistics on the number of loan modifications and repayment plans granted, the trend in the number of forbearance plans and charge offs, in lieu of foreclosure, etc. All declining. You can read the whole report for yourself by clicking here: (FHFA-Foreclosure-Update)
The key takeaways from the report are as follows:
-more people are being allowed to stay in their homes do too FHFA initiatives
-the FHFA tracks the number of “foreclosure prevention actions taken”
-for example, loan modifications nearly tripled in the first quarter of 2022 versus last quarter
-Repayment plans tripled as well
- short sales and foreclosure sales by third parties fell significantly
-even mortgage delinquencies are down
In a separate report bankruptcy filings were also down in the first quarter of this year as opposed to the last quarter of last year, and all three reports taken together seem to indicate more strength than weakness. So in our opinion, with interest rate rises cooling, inventory levels beginning to increase, albiate slowly, the landscape for investors is getting better! This makes eric's investor workshop tomorrow night particularly timely. To attend this free workshop, text the word “investor” to 561-861-2366 for a free invitation. Also:
Some Key Points to remember from last week are:
- Only a small percentage of Americans retire financially independent
- The American Dream of Golden Years Dream has been replaced by the 40-40-40 Trap (40 hrs/wk-40 Yrs-40% of Income Reward)
- What is The Ideal Investment? Real Estate!
- Becoming “The Automatic Landlord” is the Best Solution!
- Pay Debts off 2x as fast, Retire 2x as well with The Automatic Landlord Method
- Know the difference between “In” Real Estate vs “On” Real Estate.
- Own vs Rent!
- Special Landlord Timing is fast approaching
Listen to the show live or the archived version in its entirety for all the tips, facts and ideas discussed today.
Want 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. The Show is Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio station WSBR: AM 1470, 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.
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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.
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