255: State Of The Real Estate Market with Daren Blomquist

State Of The Real Estate Market with Daren Blomquist

by Keith Weinhold | Get Rich Education

Keith Weinhold says the word of this real estate era may be: “supply”. Why?

The U.S. just hit its lowest rental vacancy rate in 35 years: 6.8%. 

Also, the U.S. just hit its lowest homeowner vacancy rate in 40 years: 1.3%.

Mortgage interest rates just fell to near three-year lows.

U.S. existing median SFHs now a record $279,600. 

Year-over-year appreciation is 4.3%.

Regulation and environmentalism increase real estate prices.

Join our Tampa Real Estate Field Trip at RealEstateFieldTrip.com

Next, Daren Blomquist of Auction.com joins Keith to discuss current U.S. trends in:

  • Foreclosure activity.
  • Home price appreciation.
  • Migration trends.

Foreclosure activity is down due to high employment, more exotic loans now “rooted out of the system”.

91-92% of metros Daren studied are appreciating in value.

Net migration winners include: Florida, Texas, Tennessee, The Carolinas, Georgia, Washington, Arizona, Nevada, Colorado. 

Net migration losers include: New York, California, Illinois, Louisiana.

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Resources Mentioned >

Resources Mentioned: Daren Blomquist: Auction.com | Heat Map: Home Appreciation | Heat Map: Net Population Migration | GRE’s Tampa Field Trip: RealEstateFieldTrip.com | Mortgage Loans: RidgeLendingGroup.com | Turnkey Real Estate: NoradaRealEstate.com | eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com | JWB New Construction Turnkey: NewConstructionTurnkey.com | Best Financial Education: GetRichEducation.com | Find Properties: GREturnkey.com

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