Tee Frank Real Estate www.TeeFrank.com

06/16/2020

https://www.unitedlift.org

Rent assistance relief programs for Riverside County.

Open enrollment stated June 15, 2020

Para accesar la página en español haga clic aquí.Keeping  10,000 Riverside County Families and Residents HousedUnited Lift is a rental assistance program coordinated between Riverside County, United Way of the Inland Valleys, and Lift To Rise with the goal of keeping 10,000 families and resident...

04/21/2020

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibili

12/14/2019

In an interview with HousingWire, RealPage Chief Economist Greg Willett said the apartment market is in great shape, and even the luxury market will see competition in 2020.

08/01/2019

My blog can be found at: www.TeeFrank.com/blog/

How to Judge the Impact of the Next Economic Slowdown on Housing

We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur?
Pulsenomics just released a special report https://pulsenomics.com/surveys/ -price-expectations/
revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market analysts surveyed believe the next recession will occur by the end of next year.

Here’s the breakdown:
9% believe a recession will occur this year
50% believe it will occur in 2020
35% believe it will occur in 2021
6% believe it will occur after 2021

When asked what would trigger the next recession, the three most common responses by those surveyed were:
Trade Policy
Stock Market Correction
Geopolitical Crisis

How might the recession impact real estate?
Challenges in the housing and mortgage markets were major triggers of the last recession. However, a housing slowdown ranked #9 on the list of potential triggers for the next recession, behind such possibilities as fiscal policy and political gridlock.
As far as the impact the recession may have on home values, the experts surveyed indicated home prices would continue to appreciate over the next few years. They called for a 4.1% appreciation rate this year, 2.8% in 2020, and 2.5% in 2021.
Bottom Line
On the same day, in the same survey, the same experts who forecasted a recession happening within the next 18 months also claimed housing will not be the trigger, and home values will still continue to appreciate.

SURVEY RESEARCH U.S. Housing Confidence Survey™ The U.S. Housing Confidence Survey™ (HCS) was developed by Pulsenomics to facilitate the systematic

03/26/2019

WHAT is a RECESSION? Is it like 2008?

A recession is when the economy declines significantly for at least six months. That means there's a drop in the following five economic indicators: real GDP, income, employment, manufacturing, and retail sales. People often say a recession is when the GDP growth rate is negative for two consecutive quarters or more.

02/13/2019

https://www.simplifyingthemarket.com/en/2019/02/13/why-homeownership-matters-now-more-than-ever/?a=455338-d29b8c54dba91425f12db79204ad0914

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or

02/01/2019

Rental Income Property? Read this article:

The rules confirm that the deduction applies to your business income, as a real estate agent or broker, if you operate as a sole proprietor or owner of a partnership, S corporation, or limited liability company. It applies even if your income exceeds a threshold set in the law of $157,500 for single...

01/10/2019

Interest rates are down some today. Here is a snap shot of your buying power.

01/10/2019

Concerned about interest rates? Here is a good article.

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2

01/10/2019

Freddie Mac said today the average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.45 percent this week from 4.51 percent last week.

12/19/2018

The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow hikes next year.

The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed’s benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers and businesses.

The Fed’s policy statement says “some” further gradual rate increases are likely. But its updated forecast projects just two rate hikes next year, down from three that the Fed had predicted in September. In another sign of fewer rate hikes ahead, the new forecast reduces the long-run level for the Fed’s benchmark rate to 2.8 percent, down from 3 percent.

11/30/2018

Are you mortgage free or equity rich?