Jason Hartman and Adam join forces in today's episode to discuss some of the recent economic stats the National Association of Realtors released and why they're important for real estate investors. Adam also has a talk with one of the network's lenders about current mortgage rates, and then the two tackle listener Robert's question about real estate investing during a deflationary period (when Inflation Induced Debt Destruction doesn't factor in).
Key Takeaways:
[4:00] Foreclosures are down, which is both good and bad news for us as investors
[7:36] The 2 ways of determining pending home sales
[11:31] June mortgage update
[16:29] Listener question from Robert about deflation concerns
[20:47] How real estate rents fared during the 30s and 40s in single family and apartments
[24:05] In the past 54 years the number of cost burdened renters has doubled because wages aren't keeping up with rent growth
[30:44] Just because deflation happens doesn't automatically mean your rents are going to go down
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