Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

From Freddie Mac: Mortgage Rates Rebound, Remain Below Four Percent Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher across the board this week and rebounding from the lowest rates of the year.30-year fixed-rate mortgage (FRM) averaged 3.98 percent with an average 0.5 point… Read More..

Why Did Q3 GDP Jump: Thank ISIS And The “War On Terror”

As we noted previously, the main reason why Q3 GDP surprised to the upside was thanks to yet another accounting gimmick, where it wasn't the US consumer leading to US growth, as has historically been the case, but because the government stepped up, and boosted GDP by the most since Q2 2009.   So just… Read More

A Fresh Look at Stock Market Breadth

A pattern that has played out across most recent market cycles is that breadth peaks ahead of price.  So what are we seeing with breadth now, given the recent strong move higher in stocks?Notice that yesterday's gains came on a breadth surge.  The top chart shows us expanding the number of common stocks across the… Read More

Zillow: Case-Shiller House Price Index year-over-year change expected to slow further in September

The Case-Shiller house price indexes for August were released yesterday. Zillow has started forecasting Case-Shiller a month early - and I like to check the Zillow forecasts since they have been pretty close. Note: Hopefully Zillow will start estimating the National Index.From Zillow: Find Out Next Month’s Case-Shiller Numbers TodayThe August S&P/Case-Shiller (SPCS) data out [yesterday]… Read More

Your Complete Step by Step Guide to Expertly Renovating a Flip

Flipping a house is difficult. I don’t care how many HGTV shows make it look simple — I’m here to tell you that it’s not. In order to successfully flip a house, you need to source a good deal, find investors to fund your deal, go through the machinations of closing on the deal, renovate… Read More

How to Use Marketing for a More Successful Real Estate Year in 2015

With less than 10 weeks left in this year, it’s time to “assess and plan” for your success in 2015. This is “truth time,” as you put together a successful marketing plan for the upcoming year. What I mean by that is it’s time to look in the mirror and be completely honest with “the… Read More

How to Get the Best Possible Tenants into Your Rental Property

When you have a vacant rental, you will inevitable have to advertise and fill it. And unless you are extremely lucky, you will not rent to the first person who inquires on your rental — or at least the first person will not likely be qualified to live in it. At some point, you will… Read More

Is Your Practice like Money Pit or Brewster’s Millions?

There’s nothing like 1980s comedies for an analogy. Which one can you relate to more: Brewster’s Millions or Money Pit? My goal at AUM in a Box is to help advisors transform their practice into a business. What’s the difference? A practice results when the advisor is good at investing, financial planning, or just relating… Read More

Sunday Night Futures

From CNBC: U.S. gasoline cheapest in nearly four years -Lundberg surveyThe average price of U.S. retail gasoline dropped 18 cents in the past two weeks to the lowest level in nearly four years, driven by a steep drop in oil prices, according to the latest Lundberg survey released on Sunday.Prices fell 18 cents to an… Read More

Why You’re Building Wealth the SLOW Way (and 3 Ways to Fix That!)

I’d be willing to wager that a fair number of readers meet the following three criteria: 1. Your primary financial goal is to increase your net worth as rapidly as possible. 2. You are interested in Real Estate only insofar as it helps you achieve #1. 3. You earn somewhere between $ 40,000 and $… Read More

FOMC: End of QE3, Shorter Statement

Earlier I posted FOMC statement previews from Goldman Sachs and Merrill Lynch economists. Here is what I expect on Wednesday:• The FOMC will announce the end of QE3.• The FOMC statement will be shorter. Here is the September statement (895 words). Last year, in September 2013, the statement had 798 words. Ten years ago, in… Read More

How to Avoid Rental Drama by Being a “Boring” Landlord

When you take a risk (and investing in real estate is intrinsically a risk), you want to try to mitigate your risks as much as possible. In order to mitigate your risks, you need to analyze the areas in which your business provides a “failure point” and be proactive in thinking about how you can… Read More