A crash in the housing market seemed inevitable during the early weeks of the COVID-19 recession. However, that bust didn’t come to fruition, in fact, the opposite happened: A combination of government support, recession-induced low-interest rates, and eager homebuyers set off a housing boom. Since the onset of the crisis, median home prices are up roughly
Please don’t expect a guide where I tell you what to do or whatnot. This guide is supposed to support you with the tools for you to file a fact-based decision in this volatile market situation. I’m honestly waiting for a market correction since the Corona Pandemic hit us beginning 2020. Everything pointed to a
The Corona Pandemic has hit our area. The Pandemic has of course hit everywhere but the symptoms and problems related to it aren’t easily visible. Looking at the traffic on our roads you don’t think anything has changed. Try to get a table at ANY restaurants in our area on a Friday evening: Good luck!
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Millions of people are unemployed. Traffic lines at food banks stretch for many miles. All over the US hungry people show up hours before the food banks open. They want to make sure they will get food for them and their kids before supply runs out every day. We have nearly 170.000 Covid related deaths
I’ve posted enough reasons why the market is supposed to ( or even HAS to ) adjust, but it’s not happening. The opposite is happening: The market is going up and not just a little. Here are a few interesting numbers: As a reader of my blogs you know I’m checking the supply and demand
Since my last blog only a few weeks ago, not much has changed. Prices are not dropping in a concerning way ( yet ). Here and there we see people lowering their asking process, but this has always happened. People under duress don’t have many choices to attract more buyers than lowering the asking price.
The Dow is surging, and that’s supposed to be awful news for the housing market which is completely disconnected from the real economy. In addition, the U.S. stock market appears to be diverging from the housing sector as well. After the release of the ( obviously slightly manipulated ) better job report a few days
Look at my last newsletter from March 31 where I told you it’s going to happen and now it started. I’m in Real Estate since 1984. Before Corona I seriously thought I’ve seen it all, but nobody has seen what’s coming now. Nobody can tell how bad it’s going to be, but you can either
I didn’t ask IF the market is going to crash again. I also didn’t ask WHEN the market is going to crash the next time. We all know the answer to this. This time it’s easy. This time it’s obvious. The market will probably start going down by the end of April 2020 and crash
Are there differences? Oh heck yes….! Huge differences. Keep reading. Americans are used to deal with Brokers / Realtors nearly every time when buying and selling Real Estate. Germans not so much. This Blog talks about the reasons and the huge differences in these 2 countries. In the USA Realtors are educated, trained, incensed and
With this blog, I’m not intending to lure you to list or sell your property with me. Within the last 36 years in this industry, I’ve simply seen too many people get screwed and therefore I decided to give a quick overview of what you should know before you engage with any Realtor. In Europe,
Usually every 2 months I’m performing a detailed market check about the supply and demand for real estate in our area. My last check performed beginning of November 2019 revealed a still healthy market of demand and supply. My gut feeling is bothering me a long time since I can see what’s going on and
Florida… Sunshine State. According to different weather websites Florida has about 260 days of sunshine per year. You would think the “Sunshine State” therefore is the leader when it comes to Solar energy. Well: think again because we aren’t. We are the taillight. The short version is that it’s probably never going to happen. For
Americans find it difficult to understand European investors when problems such as non-payment of rent and, in bad cases, even nomadic tenancy arise. We actually almost don’t know such a thing in the USA. We will show you where the differences lie: In general, it should be noted that the rights for rentals in the
The snowbirds are coming back and they often don’t like how their property looks. They thought they’d paid a management company to take care of their property, but it looks like hell. Did it happen to you too – or not YET???? Chances are, it might happen to you as well. I heard the excuse
In the USA, the IRS office treats investors far more sensibly and fair than in many other countries – above all much more fair than in Europe. Imagine the following scenario: You buy a property, remodel it a little and sell it for a profit. You invest this amount again in another property, repeat the
We have plenty of statistics showing us if a vacation home still is a good investment. I.e. let’s take a look at the Tourist tax received by Lee County over the last 12 months: This is a look by the end of September and therefore right before the season kicks in again: We had the
Are you in the market to purchase a property? How do you want to get started? Does it bother you if your phone starts ringing off the hook just because you took a sneak peek? Do you like to sometimes receive more than 20 calls from Real Estate agents during a short period of time,
The answer to this question must be split: I subtly notice an increased building volume, especially in apartments in multi-family houses, and I also wonder whether this can go well for a long time to come. In such cases, facts help to find the truth about the market. Important: The first thing to do is
Despite or because of Donald Trump, entrepreneurs and investors who want to establish a company in the USA can benefit from various tax advantages that even put Switzerland in the shade. There are various differences to consider, whether an entrepreneur resides in the USA and undertakes his activity from here, or whether the company is