BE A REAL ESTATE MILLIONAIRE

I have been reading BE A REAL ESTATE MILLIONAIRE and im at the 5th chp.

my homework is to:
find my national and local factors that affect real estate pricing in my towm of South Florida

national factors:
1. interest rate
2. inflation
3. flow of investment funds
4. business cycle
5 cataclysmic events

local factors:
1. migration/job growth
2. development
3. new construction
4. supply and demand
5. neighborhood trends

local factor can overshadow national ones allowing incredible opportunities.

Well today i google historical interest rates in Fl and found out that the fixed rate mortgage (FRM) is 3.79 % compared to last yrs 4.61%

ill be checking this rate next month

I also looked up inflation (what causes prices to rise or drop) and it has gone down .3% in the last month which makes it now 2.30 % as of Aprl, leaving last yrs inflation at 3.61% as in april

IN 2009 deflation occured and it was in it negative %

go to http://inflationdata.com/

Now decrease FRM and inflation mean real estate here in south Florida are low
an upcoming towm that is benifeting form that is homestead. People are moving form miami to the south its cheaper to buy and rent

benefit in floreclosures and lease options

also there are going to be new development plans in homestead

next im going to find out national business cycles and im goin go call my local U-haul company to see were most of there trucks have been moving too the most.

HOT ZONES

ill also check development plans in south FL, to pin point were exact things are happening

Like Dean said its important to know your local and national factors to make a logical predictions of th ereal estate market and plan investment strategies.

know your market

I will read Profit From Real Estate next then 30 days Real Estate Cash.

I now now about real estate and so can you

God bless

P.S dont forget to read Totally Fullfilled its a great book.