Published July 18, 2017
List of the 171 DECLINING U.S. Real Estate Markets
Compared to last quarter, the total number of declining markets has improved slightly, but it’s still very alarming.
42% of all U.S. Real Estate Markets Declined Q-o-Q
Currently, 171 markets experienced ‘real’ (inflation adjusted) declines over the last three months.
1/4th of U.S. Markets Lost Value Year-over-Year
It doesn’t feel right.
102 out of the 400 major real estate markets in the U.S. experienced ‘real’ decline in home value Year-Over-Year… they didn’t even keep up with inflation.
NO ONE is talking about this.
I’m not saying the sky is falling,
List of the 199 DECLINING U.S. Real Estate Markets
The previous Market Report caused lots of questions about when to use “Year-Over-Year” vs. “Quarter-Over-Quarter” data. When analyzing YOUR local market, you need to look at BOTH; they produce very different results in rapidly changing markets (that’s a good thing!).
Half of all real estate markets lost value Qtr-over-Qtr
Almost 1/5th of all markets lost value Yr-over-Yr
You can see from the two headlines above,
Half of all real estate
markets losing value Qtr-over-Qtr
Almost 1/5th of all markets losing value Yr-over-Yr
I just got back from a real estate mastermind conference; lots of very smart investors. NONE of them knew that nearly 1/5th of all major US real estate markets are now in decline.
They were blown away when I showed them the list (scroll down).
You’ve always heard real estate moves in cycles… but what does that mean?
More importantly, how can YOU profit from it?
As a general rule, prices for most things are stable (not cyclical) because changes in demand are quickly offset by adjusting supply. If you’re a widget manufacturer and more people want widgets,
If you have lost significant money as an investor or personally, I know it never feels small. I’m sorry that happened to you.
There is something much bigger going on beneath the surface. Painting the recent real estate downturn as the “event of the century,” screaming that this has never ever happened before and that we will never ever recover from it makes for good headlines,
The 600 Lb. Gorilla Falls — How A Simple Glimpse At THIS One Picture Could Have Saved Him His Shirt (And How It Can Save You Yours, Too!)
Part 2 of 2
Here he goes. The 600 lb. investing gorilla has made his ascent. And he is about to fall, big time. (Here is Part 1 in case you missed it.)
Why It Had NOTHING to Do With Your Investing Strategy
Did you lose a lot of money in real estate during the last down cycle? The answer, in all likelihood, is yes, you did. You didn’t have to!
Look – there’s a time to be actively,
Zillow, Not Just A Crazy Name, It’s A Crazy Way To Look At Home Prices
Besides Fundamental Analysis, the other major blunder is trying to use “median” home prices to forecast local real estate cycles.
It’s what everyone tries to use because those numbers are readily available, and free. It was the only game in town.
This next example is going to tick off the 600 pound gorillas in my space: FiServ Lending Solutions, along with CNN-Money.com and Fortune magazine.
FiServ handles all the big banks and Wall Street firms – I’m a little peon compared to them.
But what the hell, you deserve to know the truth… so here goes…
CNN teamed up with FiServ to publish a detailed local market analysis.
In the decades since my Harvard days, I’ve been focused almost exclusively on doing real estate deals and figuring out local real estate markets. I’ve acquired, owned, syndicated, managed, leased, sold or developed just about every type of property there is… in all kinds of markets… and I’ve done it in a very big way.
Buffets, roulette wheels, buffets, magicians, more buffets. Ok, Las Vegas has a little something for everyone! But… maybe not for the real estate investor.
You probably know someone who has bought in Vegas or at least considered investing there, maybe even you have. Well, what you’re about to read is going to challenge how you view real estate investing,