Real Estate News: Real Estate Investing Podcast Kathy Fettke | RealWealth

California property owners, developers and affordable housing advocates are scoring a big win from the US Supreme Court! The high court ruled that local “impact fees” imposed on newly constructed homes can be challenged in court. This is a significant win for property rights because these fees can add a substantial amount of money onto the price of a home.
 
The case began with a lawsuit by George Sheetz in California’s El Dorado County. That’s in the foothills heading toward Lake Tahoe. Sheetz is a 72-year-old retiree who applied for a permit in 2016 to build an 18-hundred square foot manufactured home on a small lot that is zoned for residential use. The county then imposed a traffic mitigation fee or “impact fee” of $23,420...
 
...That’s it for this episode. You’ll find links to our source material in the show notes at newsforinvestors.com. I’d also like to invite you to attend our live RealWealth event in San Francisco on May 4th. We will be showcasing six property teams who provide rental properties in markets with strong job and population growth and are more affordable for investors. We will also be hosting a cocktail party in the evening so you can meet fellow investors and members of the RealWealth team. You’ll find information on tickets at newsforinvestors.com under the Connect tab and then Live Events.
 
And please remember to become a member of RealWealth and subscribe to this podcast if you haven’t already!
 
Thanks for listening!
Kathy
 
Links:
 
1 - https://therealdeal.com/la/2024/04/15/supreme-court-builders-can-challenge-california-impact-fees-2/
 
2 - 
https://www.nahb.org/blog/2024/04/sheetz-ruling-supreme-court-impact-fees
 
3 - https://www.car.org/aboutus/mediacenter/newsreleases/2024-News-Releases/4qtr2023hai#:~:text=Fifteen%20percent%20of%20California%20households,percent%20in%20fourth%2Dquarter%202022.

In this Real Estate News Brief for the week ending April 15th, 2024... why the latest inflation reports could postpone the Fed’s rate-cutting plan, how inflation continues to impact construction costs, and why homeowners are getting sticker shock from property tax bills.
 
We begin with economic news from this past week that was dominated by two of the latest inflation reports. The Consumer Price Index or CPI came out on Wednesday and the Producer Price Index or PPI came out on Thursday.
 
Unfortunately for everyone wanting a great inflation report, the March CPI was hotter than expected. It rose .4% in March for an annual rate of 3.5%. That’s up from 3.2% last month. That is not what the Fed wants to see as it decides to lower the Federal Funds rate...
 
...That’s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. We are also encouraging all of our listeners to sign up for a free RealWealth membership. As a member, you’ll get updates on what’s new for the housing market and for real estate investors. Our big focus right now is a live event on Saturday May 4th in San Francisco. We’ll have six property teams giving presentations on their markets and the kind of rental properties available. We are also hosting a cocktail party in the evening to give people an opportunity to share their real estate investing stories and get to know one another. You can find out more about that at newsforinvestors.com. Just click on Connect and then Live Events. Subscribe to the podcast here. 
 
Thanks for listening!
Kathy Fettke
 
Links:
 
1 - https://www.marketwatch.com/livecoverage/cpi-report-for-march-dow-futures-steady-ahead-of-key-inflation-data/card/inflation-rises-sharply-again-in-march-cpi-shows-and-may-raise-doubts-about-fed-rate-cut-Foz2wKLnfXjobHHolAdz
 
2 - https://www.cnbc.com/2013/02/20/producer-price-index-cnbc-explains.html
 
3 - https://www.cnbc.com/2024/04/10/hot-inflation-data-pushes-markets-rate-cut-expectations-to-september.html
 
4 - https://www.cnbc.com/2024/04/05/fed-governor-bowman-says-additional-rate-hike-could-be-needed-if-inflation-stays-high.html
 
5 - https://www.constructiondive.com/news/producer-price-construction-input-march/712981/
 
6 - https://www.marketwatch.com/story/fed-officials-back-cautious-approach-to-further-shrinking-of-its-balance-sheet-minutes-show-4fed157d?mod=federal-reserve
 
7 - https://www.marketwatch.com/story/jobless-claims-retreat-again-to-211-000-in-another-sign-of-labor-market-strength-ac68c1cc?mod=economic-report
 
8 - https://www.freddiemac.com/pmms
 
9 - https://www.forbes.com/advisor/taxes/property-taxes-surge/
 
10 - https://www.cnbc.com/2024/04/09/why-new-build-homes-can-lead-to-a-property-tax-surprise.html

 Florida Realtors are celebrating a new law that makes it easier for property owners to remove squatters. It’s become a crisis situation across the nation when squatters take control of a property and claim they are the victims. Florida has changed that, but property owners also need to protect themselves from the illegal occupation of their rightful homes...
 
...You should also know your rights and the rights of squatters (if they have any) for the area where your property is located. If squatters don’t leave when you ask them, you may have to file an eviction notice and take them to court. And make sure you have a lawyer who’s experienced with property rights law.
 
The Florida anti-squatting law will take effect on July 1st.
 
That’s it for this episode. We’ve posted links to some of these stories in the show notes if you’d like to read more about it. Just go to newsforinvestors.com.
 
I’d also like to mention our live event on May 4th in San Francisco for people who’d like to invest in rental properties. We’ll have a total of six property teams giving presentations including two from Florida where the new anti-squatting law will help protect our properties! There will also be a cocktail party after the main event so you can get to know your fellow investors and members of our RealWealth team. Get more details and sign up at newsforinvestors.com under the Connect tab and then Live Events.
 
And please remember to subscribe to this podcast if you haven’t already!
 
Links:
 
1 - https://www.floridarealtors.org/news-media/news-articles/2024/03/desantis-signs-bill-targeting-home-squatters
 
2 - https://www.wptv.com/news/state/florida-gov-ron-desantis-signs-law-squashing-squatters-rights
 
3 - https://nypost.com/2024/03/21/us-news/tiktokker-tells-illegal-immigrants-how-to-invade-american-homes/
 
4 - https://www.yahoo.com/lifestyle/range-rover-driving-squatter-took-171643513.html
 
5 - https://www.msn.com/en-us/money/realestate/20-u-s-states-where-squatters-are-able-to-legally-claim-your-property/ss-BB1kvKva#image=22
 
6 - https://www.gobankingrates.com/investing/real-estate/how-to-protect-your-real-estate-from-squatter-crisis/

Demand for housing in and around Dallas, Texas continues to soar. While investors have been pouring millions of dollars into creating more affordable housing, the metro is attracting so many people that tens of thousands of homes are still needed. Supply isn’t expected to catch up to demand any time soon.
 
An article in Bisnow says that investors have put a record amount of money into the area, but it hasn’t done much to close the affordable housing gap. Executive director of the Texas Affiliation of Affordable Housing Providers, Roger Arriaga, says: “The demand is excruciatingly big. We haven’t really even dented what the true need is for affordable housing.”...
 
...This is why we started a North Dallas Rental Fund, which is now closed to new investment, but is still in the process of buying and renovating properties. The plan is to lease the updated homes to tech professionals who are moving to the area. My fund partner is also a property manager and helps individuals build their own rental portfolio. You can find out more about that by signing up for a free RealWealth membership at newsforinvestors.com. You can also learn about the Dallas market by attending our live event on Saturday, May 4th, in  San Francisco. There’s more information on that at our website at newsforinvestors.com.

That’s it for this episode. And be sure to sign up in advance for the live event on May 4th in San Francisco. We’ll have a total of six property teams giving presentations, plus a cocktail party afterward. Just go to newsforinvestors.com, click on Connect and then Live Events.
 
And please remember to subscribe to this podcast if you haven’t already!
 
Thanks for listening!
Kathy
 
Links:
 
1 - https://www.bisnow.com/dallas-ft-worth/news/affordable-housing/behind-the-eight-ball-record-levels-of-investment-have-barely-dented-the-need-for-affordable-housing-in-dallas-123668
 
2 - https://www.nar.realtor/newsroom/in-the-news/austin-dallas-fort-worth-seen-as-nations-top-two-home-markets-in-2024-houston-no-6-the-dallas

In this Real Estate News Brief for the week ending April 6th, 2024... more prognostications on when the central bank may cut rates, which major cities are attracting the most home buyers, and why artificial intelligence could have a negative impact on commercial real estate.
 
We begin with economic news from this past week. Fed Chief Jerome Powell expressed caution about when we might see the first interest rate cut. While many economists have been predicting three rate cuts this year with the first happening in June, Powell said it’s too soon to say exactly when it may be appropriate to begin the rate cutting process. He spoke at Stanford University saying: “Recent readings on both job gains and inflation have come in higher than expected” and that policymakers believe rate cuts may be possible later this year but they need “greater confidence that inflation is moving sustainably down” toward the central bank’s 2% target...
 
...That’s it for today. To keep up with the latest in real estate, the economy, and rental market investing, sign up for a free membership at RealWealth.com. Check out the live events calendar for information on our upcoming event this May. It’s our ReaWealth Investor Summit on Saturday, May 4th in San Francisco. We’ll have several property teams giving presentations on their markets and a cocktail party in the evening. That’s at newsforinvestors.com. Just go to the Connect tab and click on Live Events.
 
I also remind everyone to please subscribe to our podcast and leave a review, we really appreciate it!
 
Thank you for joining me!
Kathy Fettke
 
Links:
 
1 - https://www.marketwatch.com/story/feds-powell-too-soon-to-say-if-recent-higher-than-expected-inflation-is-just-a-bump-887bd346?mod=search_headline
 
2 - https://www.reuters.com/markets/rates-bonds/feds-powell-repeats-there-is-time-deliberate-over-rate-cuts-2024-04-03/
 
3 - https://www.investopedia.com/when-will-the-federal-reserve-start-cutting-interest-rates-8624420
 
4 - https://www.marketwatch.com/story/jobless-claims-climb-to-nine-week-high-of-221-000-but-theres-little-sign-of-worsening-labor-market-fb365f0a?mod=economy-politics
 
5 - https://www.marketwatch.com/story/job-openings-stay-at-8-8-million-labor-market-still-plenty-robust-addb1604?mod=home-page
 
6 - https://www.marketwatch.com/story/eye-popping-march-jobs-report-shows-labor-market-and-u-s-economy-are-still-going-strong-c076e60f?mod=economy-politics
 
7 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-ad1f19b5?mod=economic-report
 
8 - https://www.freddiemac.com/pmms
 
9 - https://www.globest.com/2024/04/03/five-markets-desired-by-homebuyers/
 
10 - https://www.globest.com/2024/04/05/millennials-now-largest-homebuying-contingent/
 
11 - https://www.globest.com/2024/04/05/generative-ai-could-undercut-labor-income-affecting-the-entire-economy/

With the help of artificial intelligence, there's a new wild, wild west on the internet, where scammers are pretty much free to pick your pocket. Security experts are warning people that you can be scammed out of money or even real estate by deepfake audio or video clips. And there aren’t a lot of safeguards in place right now.
The technology is evolving more quickly than security experts can design or implement safeguards. As reported by Bigger Pockets, scammers orchestrated a $25 million dollar heist by impersonating the CEO of a multinational company. Hong Kong authorities say the money was transferred by an employee after a video conference call with who he thought was the CEO, but wasn’t...
...AI fraud can certainly turn your world upside down, but using AI in constructive ways could lead to much greater success in whatever you are trying to accomplish.
That’s it for this episode You can read more about these stories by following links in the show notes at newsforinvestors.com. While you're there, check our our upcoming Investors Summit Live Event on May 4th. And please remember to subscribe to this podcast, and leave a review!
 
You can also stay connected with RealWealth by signing up for a free membership. You’ll find hundreds of webinars and articles on our website about single-family rental markets along with referrals to highly recommended professionals who can help you expand your portfolio. That’s at newsforinvestors.com. 
 
Links:
 
https://www.biggerpockets.com/blog/ai-deepfakes-are-being-used-to-scam-investors-out-of-millions?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%203/31/24