Like any industry, there are plenty of stories within the real estate world about lawsuits, fraud, and scandalous behavior. Some of the latest headlines include the resignation of the president of the National Association of Realtors in the midst of a scandal, a huge class-action price-fixing lawsuit against RealPage and some of the nation’s biggest landlords, and a real estate influencer in Philadelphia accused of swindling starry-eyed first-time real estate investors. I thought I’d dedicate this episode to those stories and a few others... If you’d like to learn more about real estate investing without breaking any laws, please sign up as a RealWealth member. Membership is free and will give you full access to our website and resources, including our property teams and our investment counselors. You can also catch up on any episodes you’ve missed and find links to our sources at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.cnn.com/2023/08/29/homes/nar-president-resigns/index.html   2 - https://therealdeal.com/national/2023/08/29/national-association-of-realtors-pocket-listing-suit-revived/   3 - https://therealdeal.com/national/2023/08/20/philadelphia-real-estate-influencer-accused-of-fraud/   4 - https://therealdeal.com/national/2023/08/20/philadelphia-real-estate-influencer-accused-of-fraud/  5 - https://therealdeal.com/miami/2023/08/18/miami-realtor-sentenced-in-ppp-fraud-case/  

Disgraced NAR Chief and Other Real Estate Legal Wranglings

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want to stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams.

We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions.

Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on Real Estate News For Investors podcast!

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     There’s big news from the University of Maine about the future of fast, cost effective, eco-friendly home construction. The University just announced a new 3D printer that beats the 2019 Guinness World Record for the largest polymer 3D printer. It’s four times the size of its predecessor and can be used by many industries, including the manufacturing of homes.   This so-called “Factory of the Future” was unveiled on April 23rd at the University’s Advanced Structures & Composites Center in Maine. The Center is an initiative called Green Energy and Materials or GEM, for short. Within that scope is a commitment to innovative research that contributes to a greener, more sustainable world while boosting economic growth in the state of Maine and beyond.   Among those who attended the unveiling were representatives from the US Department of Defense, US Department of Energy, the Maine State Housing Authority and other industry partners and stakeholders. The project was made possible with the help of Senator Susan Collins of Maine who helped secure more than $93 million for this initiative and other defense projects at this location...   ...That’s it for this episode. You’ll find links to the articles I mentioned in the show notes at newsforinvestors.com. While you are there, take a minute and sign up for a free RealWealth membership. At RealWealth: “We help people create real wealth which is having the money and the freedom to live life on your own terms.” Check us out at newsforinvestors.com. And if you haven’t subscribed to our podcast yet, please do!    Links:   1 - https://umaine.edu/news/blog/2024/04/23/umaines-new-3d-printer-smashes-former-guinness-world-record-to-advance-the-next-generation-of-advanced-manufacturing/   2 - https://www.fastcompany.com/91117013/this-gigantic-3d-printer-could-reinvent-manufacturing     

“Factory of the Future” for Home Construction!

In this Real Estate News Brief for the week ending May 11th, 2024... what Fed officials are now saying about rate cuts in 2024, how much income you need to buy a home, and the kinds of compromises buyers are willing to make for a more affordable home.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you have the money but not the time to invest in real estate, join RealWealth. We can help bridge the gap for busy professionals! And please remember to subscribe to this podcast, and leave a review!   We begin with a few economic stories from this past week and a focus on this week’s two inflation reports. Minneapolis Fed President Neel Kashkari expects a rate cut at some point, but maybe not this year. He wants to see “multiple positive inflation readings suggesting that the disinflation process is on track.”...   Links:   1 - https://www.foxbusiness.com/economy/federal-reserve-president-says-rate-cuts-may-not-come-2024   2 - https://www.marketwatch.com/story/fed-still-trying-to-assess-if-recent-hot-inflation-readings-mean-economy-is-overheating-goolsbee-says-1e9716d9?mod=mw_rss_topstories   3 - https://www.cnbc.com/2024/05/13/inflation-outlook-rises-fueled-by-expected-increases-for-housing-costs-new-york-fed-survey-shows.html   4 - https://www.cnbc.com/2024/05/10/consumer-sentiment-tumbles-as-inflation-fears-surge-closely-watched-survey-shows.html   5 - https://www.cnbc.com/2024/05/10/consumer-sentiment-tumbles-as-inflation-fears-surge-closely-watched-survey-shows.html   6 - https://www.marketwatch.com/story/jobless-claims-climb-sharply-to-highest-level-in-nine-months-5e799341?mod=mw_latestnews   7 - https://www.freddiemac.com/pmms   8 - https://www.globest.com/2024/05/06/national-median-income-needed-to-buy-a-home-jumps-again/   10 - https://eyeonhousing.org/2024/05/top-compromises-buyers-will-make-to-reach-homeownership/      ~~~~   JOIN RealWealth®  FOR FREE 

The Real Estate News Brief: Fed Officials on Rate Cuts, Income Needed to Buy a Home, Home Buyer Compromises

 The affordable housing gap is growing with a huge 7.2 million rental homes needed to meet demand. A new report on the supply of affordable homes in the US shows that no state has enough supply to meet the needs of low-income renters.    Hi I’m Kathy Fettke and this is Real Estate News for Investors. Find out more about how you can provide affordable single-family rental homes as a RealWealth member. It’s free to join and to learn how to invest wisely. Go to newsforinvestors.com. And please remember to subscribe to this podcast!   This new study is called: “The Gap: A Shortage of Affordable Homes.” The National Low Income Housing Coalition conducts this study every year to determine the extent of this unmet demand. The 7.2 million figure refers to a shortage of homes for extremely low-income families or what’s referred to as ELI renter households. These families have incomes which are at or below the poverty level or are earning just 30% of the median income in their areas...   Links:   1 - https://www.housingfinance.com/news/u-s-has-gap-of-over-7-2-million-affordable-and-available-rental-homes_o       ~~~~   FOLLOW OUR PODCASTS

Rental Housing Gap Grows!

In this Real Estate News Brief for the week ending May 4th, 2024… why the Fed is holding firm on interest rates, what economists are saying about consumer spending, and why a NY landlord may be forced to live in one of his poorly maintained buildings.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you want more helpful information about real estate, the housing market, and rental property investment, please sign up for a free RealWealth membership at newsforinvestors.com. And please remember to subscribe to this podcast!   We begin with economic news from this past week. The big headline came from the Federal Reserve. Members of the Federal Open Market Committee decided to keep short-term rates right where they are, saying there’s a “lack of further progress” on inflation. The federal funds rate has been within a range of 5.25 and 5.50% since July of 2023. There had been hope for a rate cut this spring but inflation has been inching higher instead of lower since the beginning of the year. The Fed wants to see a more sustainable decline toward the Fed’s 2% target before it initiates a rate cut.   During his post-meeting speech, Fed Chief Jerome Powell emphasized that “inflation is still too high” and that the data has not given the central bank confidence that inflation is moving sustainably toward the target rate. But he did offer some assurance that it’s unlikely that the Fed would be hiking rates at the next meeting. That triggered a lot of joy on Wall Street and a big stock rally. The Dow was up as much as 500 points at one point...    Links:   1 - https://www.cnbc.com/2024/05/01/fed-rate-decision-may-2024-.html   2 - https://www.cnbc.com/2024/05/01/fed-meeting-today-live-updates-on-may-fed-rate-decision.html 3 - https://www.marketwatch.com/story/feds-bowman-says-shes-still-willing-to-raise-rates-10c39c38?mod=mw_rss_topstories   4 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-208-000-layoffs-still-extremely-low-7020b3f1?mod=economic-report   5 - https://www.marketwatch.com/story/home-prices-hit-new-all-time-high-case-shiller-says-in-the-face-of-economic-uncertainty-98aa35cc?mod=economic-report   6 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-e0f15c88?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html   9 - https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html   10 - https://www.bisnow.com/new-york/news/multifamily/new-yorks-worst-landlord-indicted-on-80-counts-124094

The Real Estate News Brief: Fed’s Forecast on a Rate Cut, Consumer Pullback Arrives, Odd Punishment for NY Landlord

NASA’s chief is worried about the possibility of a lunar land grab by China. China announced the launch of a test flight just this past week with plans to put boots on the moon’s surface in the near future. One big concern is that China is not part of an international lunar cooperation agreement, and may try to lay claim to an area believed to have water.   Hi I’m Kathy Fettke and this is the Real Estate News for Investors. Before we get started, I want to let you know we released a handful of new tickets for this weekends live event near San Francisco. I'll be giving my housing forecast for 2024 -2025 and we'll also have 5 property teams from some of the fastest growing markets in the country, including Dallas, Jacksonville Fl, Cincinnati, and San Antonio. They will give an update on their markets and present available rental properties that cash flow with property management in place. Some of the lenders are offering rates under 5% so come check it out. Again that's May 4th near the San Francisco Airport. Go to newsforinvestors.com under the Connect tab and Live Events. And if you haven't yet subscribed to our podcast, click here to subscribe on your favorite platform.    Now back to our story… China just announced the launch of an unmanned test mission to the dark side of the moon. The spacecraft will be guided by a satellite because that side of the moon permanently faces away from earth. The lander will collect rocks and soil and, with the help of a satellite, will depart from the moon for a return trip to earth...   Links:   1 - https://qz.com/nasa-bill-nelson-china-moon-landing-change-artemis-1851441860   2 - https://www.japantimes.co.jp/news/2024/04/29/asia-pacific/china-mission-moon-hidden-side/

Disgraced NAR Chief and Other Real Estate Legal Wranglings

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