New York is leading the race for urban dwellers fleeing cities in search of suburban homes. Mortgage rates drop to record lows; however, it could start getting more expensive to refinance a home soon. Also, are rural land prices going through the roof? This and more below the fold!

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💥Featured Post

• U.S. Metro Dwellers Are Increasingly Searching for Suburban Homes
  • New York is one of the metros where the trend toward the suburbs is most prevalent, according to realtor.com

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🎧 Latest Podcasts

• BiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach Nguyen

  • Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal! Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S… he later parked cars at a Chinese restaurant… and despite becoming a top-pro

📖 Latest Blog Posts

From Calculated Risk’s Most recent posts

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• Comments on July Housing Starts
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• Tuesday: Housing Starts
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From Realtor.com’s Latest News

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• For Buyers Ready to Leave Major Markets, Smaller Cities Offer (Relatively) High Supply
  • After years of tight supply and rising prices, luxury buyers can find more options in secondary markets outside major hubs.
• Why Refinancing Your Mortgage Is About To Get More Expensive
  • One of the bright spots of the pandemic and recession for homeowners is that they’ve been able to refinance their mortgages—and save money. That could change.
• U.S. Metro Dwellers Are Increasingly Searching for Suburban Homes
  • New York is one of the metros where the trend toward the suburbs is most prevalent, according to realtor.com
• Are Things Looking Up? Mortgage Rates Drop to New Record Low, Jobless Claims Decline, and More Updates From Our Chief Economist

From Spark Rental’s Latest Blog Posts

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• Real Estate Investing Quotes: 27 Classic Quotes for Cocktail Parties
  • Who doesn’t love a pithy quote? Well, all right, the Internet can get prettttty cluttered with pseudo-profound inspirational quotes and social media share-bait. But hey, there are still plenty of great real estate investing quotes out there. Given how many famous,…
• Best Real Estate Investing Blogs: Where to Learn Real Estate for Free
  • Who said education had to be expensive? Whatever real estate skills you want to learn, the best real estate blogs on the web provide rich, in-depth content to help bridge the gap between what you know today and what you need to know to build wealth with real estate….
• Real Estate in Recessions: How Do Rents & Home Values Perform?
  • As we round the corner to the last half of 2020, the United States continues to fight against the spread of the coronavirus. Unemployment rates are at all-time highs and the economy is knocking on the door of a recession. Because we’ve experienced many recessions in…
• What Is Savings Rate? Retirement Numbers, Savings Rate Calculator & More
  • No matter how much you earn, you won’t build wealth if you spend every penny you bring in. A person who earns $75,000 and saves $25,000 per year will create wealth faster than someone who earns $1,000,000 and spends $995,000 of it. Flashy cars and imposing homes may…

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From PM Insider’s Latest Posts

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🤓 From Reddit

From Reddits /r/RealEstate Subreddit

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• Agent pays $8,917 fine and stays licensed for using a pocket listing (not on MLS), then selling home to her son, who resells it for $217,000 more a few months later.
  • current score on reddit: 483
• Rural land prices are going through the roof
  • current score on reddit: 280
• Agents do not fall for this lead generation scam
  • current score on reddit: 251