Luci Technologies LLC

01/19/2022

1. Historically, real estate seasons were tied to summer and the end of the school year ✏️. Families were the typical buyers or sellers, and they wanted to move during the summer so their kids could start anew in September. Today, more than half of the buyers aren’t families, and their decisions aren’t based upon school schedules. So spring isn’t as relevant as it used to be. Instead, the best time to sell a home is in November, December and January.

2. Some markets may be more competitive than others. But, somehow, in the back of the buyer’s head is a good old uncle Bob saying “never offer the full asking price 🤑.” It worked in some real estate markets years ago. But times have changed. A buyer in a strong, tight inventory market would be wasting time making low offers right from the start. It’s likely a home that’s priced right and shows well can receive multiple offers, sometimes even over the asking price.

3. There’s an assumption that a seller, considering two different offers, will always go with the cash 💵 offer because there’s less risk. As a result many buyers who hear they’re competing with a cash offer assume the won’t get the home. A good buyer’s agent, upon learning their client is competing with a cash offer, will arm the seller with lots of data supporting their client’s finances, such as credit report and verification of income or assets.

What other myth’s would you include in this list?

Source: FoxBusiness.com

01/18/2022

Foreign property investment 🌎 is a major source of investment in the United States and property sales to foreign buyers totaled 54.4 billion U.S. dollars in 2021 💵. In recent years, the largest share of foreign residential buyers originated from Canada and Mexico, followed by China. Foreign buyers of U.S. real estate prefer properties in suburban areas to properties in small towns and central areas of major cities 🏙. This is probably why an overwhelming share of sales is detached single-family homes.


* $54.4 Billion - Dollar volume of foreign buyer residential purchases during April 2020–March 2021 (2.8% of $1.96 trillion of the dollar volume of existing-home sales)


* 107,000 - Number of foreign buyer existing-home purchases during April 2020–March 2021 (1.8% of 5.79 million of existing-home sales)


* 58% - Foreign buyers who reside in the United States (recent immigrants (less than two years at the time of the transaction) or non-immigrant visa holders (Type B)

The nationality of buyers in an important factor when targeting your selling efforts. Get to know more about the demographics of your target with our Market Research Reports 📊! Signup at https://bit.ly/3uSqAiD to stay updated about our official launch.

Sources: Statista & National Association or Realtors

01/17/2022

Feeling hesitant about your next home purchase because of inflation? Here's a great article on why you shouldn't hold on that anymore 🤓

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more.

01/13/2022

What are your bets for this 2022? Zillow's Hot Housing Takes give us an overview based on the platform's research trends and market analysis. Take a look at their predictions here 👇

If you are an avid market researcher and you need some complementary info our Market Research Reports ore for you 📊! Signup at https://bit.ly/3uSqAiD to know more about our official launch ⚡️

Source: Zillow.

01/11/2022

Homeownership rates can be a sign of the overall economic standings 💸 of an area or a group of people. See some of these different rates broken down by various factors and demographics.

The U.S. homeownership rate dropped to 65.4% in Q2 of 2021 compared to:
6%: Q1 2021
8%: Q4 2020

Know more about your market demographics with our Market Research Reports 📊! Signup at https://bit.ly/3uSqAiD to know more about our official launch ⚡️

Source: Rocket Mortgage & Housing Vacancy Survey 2021.

01/10/2022

The investor is always looking to the future. The investor doesn’t mind struggle today to get the big return tomorrow. The investor mindset looks to see what the future needs and what it will bring. Having a mindset set on your goals is a very efficient way of setting your limits and focusing efforts. There's no good or bad mindset just find the one that suits you 🤗.

Having big or small investment ambitions isn't inherently bad or good. But there are ALWAYS tradeoffs.

I lean toward small & mighty.

Why?

Because I believe that once you have *enough* financially, buying extra properties you don't need isn't worth the risk or hassle.

And there IS extra risk and hassle with going big (that's the tradeoff).

My business partner and I find ourselves with enough financially, so for several years now we've focused on debt reduction and de-risking instead of expanding our property footprint.

We're still increasing our equity/wealth, but we're doing it while lowering risk and increasing simplicity.

As a "Go Big" investor, we could almost certainly have more wealth in the end. But ALMOST is the key word.
There's a small but significant chance we could LOSE BIG.

So, why take that chance when we've won the game?
We all want different things in life. So, I'm not here to tell you HOW big or small you need to get financially.

And there are legitimate reasons to go big. Maybe you're a professional investor (like Warren Buffett) with a calling in life to invest capital for other people, and you want to fulfill that calling for as many people as possible.

But the tradeoffs are real. The investment game isn't ONLY about investment returns and getting bigger.

The game is ALSO about avoiding the risk of loss and simplifying your investments to maximize personal free time to do what matters.

Choose your investment model wisely.

01/06/2022

This report is designed to give investors high-level insight into their markets to help identify the market that may be best for them to reach their target buyer/renter 💵. Don't miss out on our launch! Sign up now at https://bit.ly/3uSqAiD to stay updated 🤩

01/05/2022

Whether you’re buying or selling your home 🏡, it pays to understand the motivations and characteristics of the buyer market. For example, as a buyer, you may find a way to snap up a great deal by going after a fixer-upper that’s drawing less attention than a nearby move-in ready home – especially if you’re looking for a starter home and could use the extra funds.

Sixty-two percent of recent buyers were married couples 💍, 18 percent were single females 🙋‍♀️, nine percent were single males 🙋‍♂️, and nine percent were unmarried couples 👩‍❤️‍👨. The highest percentage of single female buyers was in the 66 to 74 age group at 22 percent. The highest share of unmarried couples were in the 22 to 30 age group at 20 percent.

Know more about the demographics of your target market with our Market Research Reports! We are very soon to launch, sign up at https://bit.ly/3uSqAiD to stay updated.

01/04/2022

😎 Go big or go home.

12/30/2021

"We'd also inspect under all the sinks and around the toilets 🚽, etc. for water damage. Finding small water leaks 💧 before they become big problems has saved me a lot of money."

-Suresh Srinivasan, Chief Marketing Officer, Roofstock

12/29/2021

It’s tough to predict what exactly will happen as inflation impacts real estate 🏠, but what we can do is start with what we know to be correct and then add in sound logic. Get to know more about these 2 common inflation related myths in this article: https://www.biggerpockets.com/blog/if-you-want-to-be-a-savvy-investor-be-wary-of-these-inflation-related-myths

There are plenty of myths surrounding how inflation will affect real estate, and if you aren’t careful about what inflation-related real estate opinions you buy into, the wrong opinions could drive how you choose to invest.

12/28/2021

Want to know about these trends?
1. In private real estate, sustained inflation 📈 will affect everything from value-add and ground-up construction to capital expenditures and cap rates.
2. Interest rates will rise ⬆️ this year based on where inflation stands now. If a 10-year Treasury note has a 1.6% yield and inflation is 3%, investors are expecting a real return but getting a 1.4% loss.

3. A record 4.2 million workers quit their jobs in September 👔 . These massive shortages of labor are inflationary.
4. The historical return on the stock market is only 8% or 9%, so over time we will migrate to lower returns 💰.
5. Continued virtual and hybrid work will accelerate the migration to warmer ☀️ Southern states with lower housing costs, including lower taxes.
6. Last year, new rules reducing the QOZ’s generous benefits seemed imminent, but congressional gridlock has stalled changes in capital gains taxes and maybe even marginal tax rates 💸.
7. Higher interest rates will put upward pressure on borrowing rates and cap rates, and when cap rates go higher that reduces the multiple on earnings, known as the equity multiple.
8. Higher wages 🤑 and more disposable income will drive both urban and suburban rent growth, keeping multifamily real estate a robust investment.
9. Because acquisitions now are priced at or above replacement cost, value-add renovations👷 must have real competitive advantages to warrant private equity investment.
10. Private capital fundraising in 2021 exceeded the 2020 pace but is concentrated in multifamily 👨‍👩‍👧‍👦 and industrial real estate. Everyone wants to buy in those sectors, whether it is core stabilized or new development.

We know you are interested in staying up to date with the latest market trends, what about having valuable market research reports in one single platform? LuciTech’s Real Estate Market Research Reports are just around the corner! Sign up at https://lucitech.com/ for upcoming news.
Source: Origin Investments.