Daily Real Estate News

Plummeting Lumber Prices Little Help to Builders

NAR Daily News Magazine - July 8, 2021 - 1:00am

Though the cost of framing lumber has fallen 50% in recent weeks, there’s a lag time before builders feel the relief.

Top Cities for Singles in 2021

NAR Daily News Magazine - July 7, 2021 - 1:00am

The number one hot spot is making a comeback thanks to workers returning to the office, boosting the local economy.

Foreclosure Spike Unlikely as Owners Exit Forbearance

NAR Daily News Magazine - July 7, 2021 - 1:00am

Industry analysts predict minimal market impact from delinquent homeowners whose pandemic-related mortgage forbearance programs are ending. Still, certain areas may be at heightened risk.

Why FHA, VA Buyers Are Struggling to Compete

NAR Daily News Magazine - July 7, 2021 - 1:00am

Sellers still view these programs—with their inspection, appraisal, and other requirements—as less attractive than conventional financing, according to new data.

5 Rules of Social Media Engagement

NAR Daily News Magazine - July 7, 2021 - 1:00am

Techniques to grow your following and provide value your clients won’t find from your competitors.

4 Ways to Protect Homes From Flooding

NAR Daily News Magazine - July 7, 2021 - 1:00am

Climate isn't the only threat. Properties can have water problems for reasons such as leaky showers or toilets, too.

Hurricane Season 2021: How Do You Keep Your Pets Safe?

RisMedia Consumer News - July 6, 2021 - 3:31pm

(TNS)—To keep your pet safe in a hurricane, you have the following options: keep the animal inside if you stay home; bring it along if you evacuate; leave it with someone trustworthy or board it at a reputable kennel.

If you plan to stay at a pet-friendly shelter, make sure to pre-register well ahead of time.

Whatever you do, don’t leave your pet behind.

If You Stay Home
Make sure all pets are wearing ID tags with your current contact information.

Consider getting a microchip, which can be registered for free at www.foundanimals.org.

Keep your pets inside before, during and after the storm and make them as comfortable as possible.

A portable pet emergency kit should include water, water bowls, pet food, medical records and medications.

Bring along a collar with identification, a favorite towel or blanket and a two-week supply of water and food.

Call hotels on your route to confirm they take pets.

Register with a pet-friendly shelter well in advance of the storm. Be prepared to show proof you live in a mandatory evacuation zone or mobile home in the county.

Pet-friendly shelters do not accept exotic pets like reptiles or livestock. Pets must be current on their vaccinations and be registered with the county.

Use your best judgment and remove large animals from the area if their lives are in danger.

Recommended items for your pet survival kit include:
– A crate or carrier large enough for the animal to stand and turn around in
–  Leashes and collars
–  Water and food
–  Emergency phone numbers for veterinarian, animal shelters and friends/relatives
–  Veterinary records with rabies certificate
–  Cleaning supplies. Remember, your dog will not be able to go outside during the storm.
–  A photo of you and your pet together (to help prove the pet is yours), and one with the pet by itself, showing any distinguishing marks that will help with identification.

©2021 Orlando Sentinel
Distributed by Tribune Content Agency, LLC

The post Hurricane Season 2021: How Do You Keep Your Pets Safe? appeared first on RISMedia.

Retailers Look to Nearby Grocers to Draw Traffic

NAR Daily News Magazine - July 6, 2021 - 1:00am

Shops close to grocery stores, which have shown particular resiliency during the pandemic, are seeing an uptick in business.

10 Markets Where Homes Flip Fastest

NAR Daily News Magazine - July 6, 2021 - 1:00am

Sales are slowing down as home prices rise, but these areas still hold promise for investors looking to flip properties quickly.

Adjustable-Rate Mortgages Stage Comeback After Scrutiny

NAR Daily News Magazine - July 6, 2021 - 1:00am

Their popularity plummeted after the 2008 financial crisis, but ARMs are helping buyers save money in today’s expensive market.

Prices for Construction Materials Jump 26% in a Year

NAR Daily News Magazine - July 6, 2021 - 1:00am

Builders are forced to pass along the expenses to buyers, who are paying 18% more for a new home than a year ago.

Short-Term Rentals Prove to Be Investment Gold

NAR Daily News Magazine - July 6, 2021 - 1:00am

Learn the top seven cities for buying vacation rentals, which are seeing huge ROI this summer.

These Loans Barely Ding Your Clients’ Credit Scores

NAR Daily News Magazine - July 2, 2021 - 1:00am

It takes an average of 96 days for a person’s credit score to recover after taking out this type of loan.

Warehouse Boom Keeps Commercial Real Estate Afloat

NAR Daily News Magazine - July 2, 2021 - 1:00am

Retailers are feverishly hunting for more space to fulfill a record number of online orders, a bright spot for commercial pros still struggling to find clients.

30-Year Mortgage Rate Drops Below 3% Again

NAR Daily News Magazine - July 2, 2021 - 1:00am

Though low rates have contributed to high buyer demand, affordability is holding the market back, according to Freddie Mac.

Smaller Cities Lead in 5G Network Coverage

NAR Daily News Magazine - July 2, 2021 - 1:00am

Find out where the super-fast connection speed, which has been touted as a potential game-changer for real estate, is most prevalent in the U.S.

Lift in Listings as Home Prices Shatter Records

NAR Daily News Magazine - July 2, 2021 - 1:00am

Buyers are finding more options on the market, but inventory challenges persist: The number of homes for sale remains 43% lower than a year ago.

Worried About a Market Bubble? Here are 4 Tips to Protect Your Portfolio Now and in the Future

RisMedia Consumer News - July 1, 2021 - 4:03pm

(TNS)—You may have heard the stock market is up a lot, and the housing market too. Cryptocurrencies have been surging—at least until recently.

The economy is booming back to life after a year of pandemic-induced lockdowns and most assets are booming right along with it. But you pay a high price for a positive outlook in investing, and value-minded buyers may be struggling to find bargains amid today’s high prices.

So what can you do if these lofty prices make you squirm? Below are some tips on what to do when nearly everything has already gone up and it’s feeling kind of frothy out there.

1. Avoid the Craziness
What you don’t own can be just as important as what you do. A good first step to avoid getting hurt in an overheated market is to make sure you steer clear of the hottest areas. Recently, that has meant avoiding the so-called meme stocks like AMC Entertainment, GameStop and Bed Bath & Beyond. The huge price swings get a lot of attention in the short term, but in most cases their underlying businesses face severe challenges and may have a hard time earning enough for shareholders to justify their current valuations.

Instead, make sure the stocks—or stock funds—in your portfolio are geared around profitable companies that are likely to continue growing over time. Remember that stocks aren’t just prices that flash on a screen, but represent real ownership interests in a business. The stocks should follow the performance of the business over time.

2. Embrace Boring
It’s also a good time to make sure you’re taking care of the basics. Look at your 401(k) or other workplace retirement plan and make sure you’re contributing enough to receive any match your employer offers, and that the funds are being invested in simple index funds that don’t have too much exposure to the market’s high flyers.

There are many trendy investments that have generated outsized returns over the past few years, such as Tesla and Zillow. These companies may generate abundant profits for shareholders some day in the future, but with their lofty valuations you might find others that offer more of a bargain today.

Consider steady growers with solid dividend yields and reasonable valuations instead. Companies like this aren’t likely to double or triple in the near term, but should deliver attractive long-term returns compared with many of the hot stocks of 2021 whose underlying businesses generate little to no profit.

Think about investing in ETFs or mutual funds that own companies with consistent dividend payouts over the years instead of chasing the hottest names of the month in the crypto space or the latest tech IPO.

3. Don’t Reach for Yield
Savers and investors who rely on income from their investment portfolios are no doubt aware of the paltry returns currently offered by most fixed-income investments. Just 10 years ago, the U.S. 10-year treasury bond yielded about 3%. Five years prior to that, it offered more than 5%. While not much, that yield helped generate income for savers and retirees alike, while today the same bond only offers around 1.5%. These record-low rates can cause some to look elsewhere to generate income, but investors need to be careful not to chase higher returns and unknowingly assume more risk.

Risky corporate debt, or junk bonds, can be a popular place to look for a yield boost when government rates are low, but the bonds are typically issued by companies in poor financial health and may be at risk of missing interest payments. Their prices would also decline if interest rates were to rise to more normal levels.

If your returns have been hit by low interest rates, resist the urge to seek additional yield in riskier investments. It’s better to adjust your spending habits to the low-rate environment than it is to risk a permanent capital loss by reaching for yield.

4. Consider Holding Some Cash in Your Portfolio
Most people agree that cash is a lousy long-term investment. It’s virtually certain that it will lose value over time, but one thing it can add to your portfolio is optionality. If you think most of the investment opportunities today are unattractive, cash gives you the option to pounce quickly on the opportunities in the future, though when those might come is always unclear.

To be sure, holding cash can be psychologically difficult, particularly in speculative environments when everything seems to be going higher. It doesn’t feel good to have cash just sitting there earning next to nothing. But when the emotions of the market inevitably swing in a more fearful direction, holding some cash today could end up proving to be valuable.

If you’re concerned about today’s lofty valuations, consider holding 5-10% of your portfolio in cash and cash equivalents—it’s one of the most contrarian investments you can make.

Bottom Line
Nearly every financial asset has increased substantially over the past year, leaving valuations high and future return expectations low. Make sure you’re limiting your exposure to the most speculative areas of the market like meme stocks and cryptocurrencies.

Consider holding a portion of your portfolio in a highly liquid investment—like a money market fund—to be better positioned for future opportunities. Make sure you’re taking care of the basics and consistently contributing to a workplace retirement plan like a 401(k). Remember that slow and steady typically wins the investing race.

Distributed by Tribune Content Agency, LLC

The post Worried About a Market Bubble? Here are 4 Tips to Protect Your Portfolio Now and in the Future appeared first on RISMedia.

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