Personal Finance Classes Should Absolutely Be Required for Students

Close up photo of young happy students with books and notes outdoors. Smart young guy and girl in University campus. Learning and education for young people.

Americans’ personal finances are in shambles. Almost half of us live paycheck to paycheck, few people could afford a $400 emergency expense, and 2 in 5 student borrowers are unable to make payments on their loans. Add to it that many of us are drowning in credit card debt. This is a crisis. Here’s what needs to happen.

View the full article: Personal Finance Classes Should Absolutely Be Required for Students on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

How I Bought a Multi-Million Dollar Apartment Complex at the Age of 26

apartment-complex

Large real estate deals can seem unattainable and intimidating if you’re just beginning to invest. But what if someone showed you how they put together their deal and gave you actionable steps to replicate? Learn how one 26-year-old investor landed an apartment complex (and use his lessons to create your own success!).

View the full article: How I Bought a Multi-Million Dollar Apartment Complex at the Age of 26 on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

BiggerPockets Podcast 331: 10 Deals on a $20K Waitress Salary With Ashley Hamilton

Ten doors free and clear on a blue collar salary—our guest shares how she did just that! Ashley Hamilton tells the incredible story of how she achieved success through real estate investing with little guidance. She also shares strategies for challenging markets, using BiggerPockets to develop a system, and more!

View the full article: BiggerPockets Podcast 331: 10 Deals on a $20K Waitress Salary With Ashley Hamilton on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

8 Indisputable Reasons Real Estate Agents NEED to Prioritize Email Marketing

email-marketing

If you’re a real estate agent and you’re not using email marketing, you’re missing out! In a survey, email campaigns were named one of the top three effective marketing strategies, right behind referrals and featured listings. Here’s what this type of marketing can do for you.

View the full article: 8 Indisputable Reasons Real Estate Agents NEED to Prioritize Email Marketing on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Should You Wait for the Next Market Crash to Invest in Real Estate?

Brandon Turner

The real estate market is hot right now. It’s crazy competitive, hard to find good deals, and sellers often receive multiple offers. This has many would-be investors thinking, “I’ll just wait for the market to drop again, and I’ll jump in next time.” But this might actually not be a good idea. Here I’ll explain why.

View the full article: Should You Wait for the Next Market Crash to Invest in Real Estate? on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

REALTORS® Confidence Index Survey: April 2019 Highlights

The REALTORS® Confidence Index (RCI)[1]  survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from April 2019. View and download the full report here.

Market Conditions and Expectations

  • The REALTORS® Buyer Traffic Index registered at 63 (74 in April 2018).[3]
  • The REALTORS® Seller Traffic Index registered at 47 (45 in April 2018).
  • The REALTORS® Confidence Index—Six-Month Outlook Current Conditions registered at 67 for detached single-family, 56 for townhome, and 53 for condominium properties. An index above 50 indicates market conditions are expected to improve.
  • Properties were typically on the market for 24 days (26 days in April 2018).
  • Eighty-two percent of respondents reported that home prices remained constant or rose in April 2019 compared to levels one year ago (88 percent in April 2018).

Characteristics of Buyers and Sellers

  • First-time buyers accounted for 32 percent of sales (33 percent in April 2018).
  • Vacation and investment buyers comprised 16 percent of sales (14 percent in April 2018).
  • Sales of distressed properties (foreclosed or sold as a short sale) accounted for 3 percent of sales (4 percent in April 2018).
  • Cash sales made up 20 percent of sales (21 percent in April 2018).
  • Twenty-one percent of sellers offered incentives such as paying for closing costs (10 percent), providing warranty (8 percent), and undertaking remodeling (4 percent).[4]

Issues Affecting Buyers and Sellers

  • From February 2019–April 2019, 76 percent of contracts settled on time (78 percent in February 2018–April 2018).
  • Among sales that closed in April 2019, 74 percent had contract contingencies. The most common contingencies pertained to home inspection (54 percent), obtaining financing (43 percent), and getting an acceptable appraisal (41 percent).
  • REALTORS® report “low inventory” and “construction” as the major issues affecting transactions in April 2019.

About the RCI Survey

  • The RCI Survey gathers information from REALTORS® about local market conditions based on their client interactions and the characteristics of their most recent sales for the month.
  • The April 2019 survey was sent to 50,000 REALTORS® who were selected from NAR’s more than 1.3 million members through simple random sampling and to 10,000 respondents in the previous three surveys who provided their email addresses.
  • There were 4,611 respondents to the online survey which ran from May 1-10, 2019. The survey’s overall margin of error at the 95 percent confidence level is one percent. The margins of error for subgroups and sample proportions of below or above 50 percent are larger.
  • NAR weighs the responses by a factor that aligns the sample distribution of responses to the distribution of NAR membership.

The REALTORS® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent. For questions on this report or to purchase the RCI series, please email: Data@realtors.org


[1] Thanks to Gay Cororaton, Research Economist for their data analysis and comments to the RCI Report.

[2] Respondents report on the most recent characteristics of their most recent sale for the month.

[3] An index greater than 50 means more respondents reported conditions as “strong” compared to one year ago than “weak.” An index of 50 indicates a balance of respondents

who viewed conditions as “strong” or “weak.”

[4] The difference in the sum of percentages to the total percentage of sellers who offered incentives is due to rounding.

April’s dip in home sales may portend “significant gain” in May, economist says

Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives?