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Midweek "Opportunity" Report - It's Time!

The Real Estate Show featured our Midweek "Opportunity" Report - And It's Time! One of the most frequent questions I get from listeners and clients alike is, "Is now a good time to invest in real estate?" Today's write up, and listening to today's show should pretty clearly reveal the answer!

The National Association of Realtors recently released their pending home sales index (PHSI). The PHSI is a forward-looking indicator based on contract signings, and it fell nearly 5% in January from and also downwardly revised index in December 2017. With last months decline, the index is almost 4% below where it was a year ago and at its lowest level since October 2014. Bad news, you say? Let's look a little deeper.

Real Estate has been hot, and many people are beginning to ask if it's the end of the rally. Drama lovers are even suggesting that it's getting to be 2008 all over again. I suggest you don't listen to them, because they are not looking at the facts. This market is nowhere near as leveraged as the 2008 market was. Financing is still nowhere near as available as it was in 2008. In summary, the economy is nowhere close to what it was in 2008, so that's not my concern. Rather, inventory is still at all-time lows, interest rates are sneaking up, and there is a whole new wave of demand maturing on the horizon. So, as the saying goes, "one month does not a trend to make". However, it may signal an opportunity.

The economy is in good shape, in fact I would even say in very good shape. Most local job markets are very strong and incomes are slowly rising. So why the drop in contract signings? The end of 2017 brought us several factors, that each has contributed to a slowdown in sales of real estate. First of all, and not new news, there's a little doubt that last months retreat in contract signings occurred because of a terribly low supply in levels of inventory, and the sudden increase in mortgage rates. In addition to that, we had a new sweeping tax bill introduced and approved. Now America has to digest that before making merge major purchases. Americans will find out that most of the real estate tax benefits and incentives remain intact. Nevertheless, with the cost of buying a home getting more expensive, and not enough inventory, some prospective buyers are either waiting until listings increase in the spring time, or are now having to delay their search entirely in order to save up for a larger down payment. There in lies the opportunity to pick upsome good deals during this temporary slow down.

What's holding you back? Learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. Then contact us at 888-595-7779 to see how we can help you with your real estate goals. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook.

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