OfflineHere are a few things CNN Money is predicting that will happend in the 2013 houseing housing market. According to the article price will continue to rise, and interest rates will be held at these low levels, and a few other forcasts and things to watch for.
http://money.cnn.com/gallery/real_estate/2012/12/27/housing-market-predi...
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Thanks Coach for keeping us on track, Jim
jbischoff
Having read the article I agree with most of it but two points I agree with the most.
1. Watch the job market to determine market health. It is generally agreed that we need to add 125,000 new jobs each month just to absorb new entrants to the job market. Brookings estimates that "As a result of new adjustments to the data, we now project that, at a job creation rate of 208,000 per month (the average rate for the best year of job creation in the 2000s), it will take until 2020 to close the jobs gap." So watch the unemployment rate but also pay attention to the number of jobs added each month to get an idea of how the economy is faring. http://www.brookings.edu/blogs/jobs/posts/2012/03/09-jobs-greenstone-loo...
2. We should anticipate low interest rates to remain into 2015. The Fed has stated as much in their most recent policy announcements.
I heard there was going to be a personal tax applied to every living breathing being in the U.S. as of january 1st. An additional $3000 on every single person living under your roof. So that means me, Ma and Dad will be paying an additional $9000 on our taxes this year, because there are three of us living under one roof. How do you suppose that is going to effect the Buy and Hold market ? Those investors who bought for the long hual.
There are all kinds of crazy rumors out there right now. It's hard to know what to believe. I will be surprised if they add a $3,000.00 dollar tax to every individual but who knows. It will be interesting to see how this plays out and how it affects the housing and wholesaling markets.
This one will be the best of all.
Thanx for the share!
Cheers
Best Regards,
Anita
(Licensed Realtor-Military Vet-9/11Vet)
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Great article Eric - thanks for sharing!
These are definitely things that we need to be aware of going into the new year. The market is changing and with interest rates staying low, it will definitely have an affect values. It will be another great year to get into the real estate business - so many opportunities!
KEEP MOVING FORWARD
"If it is important to you, you will find a way. If not, you'll find an excuse."
_____________________________________________________________________________
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
$3000 for each one under your roof would mean an extra $12,000 a year in taxes so now i have to do 3 extra deals a year thanks for the heads up Eric
Bo
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