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Investors are all but out of housing now:
Bottom Line: The housing market is changing at a rapid pace. There are two housing related stories I want to share with you and break down today. First I want to tackle investors in the housing market.
A few months ago I mentioned that we’d see investors begin to exit the housing market as price increases were quickly taking their toll on the ROI potential in housing. While there have been flippers in the market once again, the majority of major investors had been buying property for the purpose of renting it out and producing income. Prices have now risen to a level that is prohibitive to those investors. The result… Investors were only 15% of the buyers in June.
Not since October of 2008 (yes the fall of 08’) have investors been such a small percentage of the overall buyers. This will mean the following:
Now for Part two of the housing story from June…:
Existing home sales actually declined by 1% year over year, largely because of a shortage of inventory, as existing home inventory declined by 8% year over year. That led to another impressive 13.5% year over year price increase. This means:
When you put all of this together it’s actually good news. It’s an indication that we’re unlikely to see the market overdone on the upside which is excellent news. We should see the rate of price increases moderate into the single digits by the end of the year and end up in the mid single digits next year – which would indicate a healthy housing market.
The latest $100 billion industry:
Bottom Line: Ordinarily my inner capitalist would be beaming at the news of a new $100 billion industry. Not this time though. It’s cyber crime.
According to data complied by the Center for Strategic and International Studies, cybercrime is now a $100 billion per year (illegitimate) industry in the
It’s critically important that you are super diligent in protecting your business online and having proper insurance in place to protect you incase you’re a victim – of course this all come with a cost… but the alternative could be losing your customers and business altogether.
Problems with robo calls? Help is on the way:
Bottom Line: If you’re a victim of robo calls despite being on the do not call registry, you’re not alone. The FTC says that they receive more than 200,000 complaints per month. So why don’t they do something about it you ask?
The FTC states that most of these illegal robo calls are being originated outside of the
A company called Nomorobo has software that purports to be able to identify and stop robo calls from ever making it to you. And it’ll be free.
Here is a link to the website: http://www.nomorobo.com/ . You can sign up for updates and when it’s available you’ll be able to install and hopefully enjoy a lot more peace.
We're using less gas so why is the price rising?:
Bottom Line: You’ll hear a number of reasons for why gas prices continue to rise. Some are true. Oil is near highs for the year but prices have been stable over the last month. The Middle-East excuse is just that (and always used), refining issues? No that’s largely behind us in the
I’ve long been a staunch opponent of ethanal because it not only is itllectually insulting to say it’s good for the environment to take food and turn it into fuel (because it requires fuel to turn food into fuel) but it’s costly too. Ethanol prices have been spiking of late. Corn crop production is a concern yet again this summer and the result is higher prices across the board. We pay more for food and we’re paying more for gas.
The time to put an end to the needless mandate of Ethanol use is here (and if it were to end we’d see lower prices on gas and food).