Looking to expand my Macro environment understand

[Lance Mundo]

Hello fellow money makers,

Can you offer any resources on where I can expand my knowledge of how macro events influence regional and local real estate trends? Questions I'm trying to get better at answering are: Where will home prices go? Is it a good time to buy/sell? Where? 

I realize these are pretty broad, and may be naive...but I have to start somewhere...

My current professional reading includes the WSJ, BiggerPockets website and podcasts, and a few of the BP books. 

Thanks,

Lance

[Kevin Sobilo]

@Lance Mundo,

Yes, unfortunately your question is too broad to give the kind of answer you want.

Nationwide price trends are not something you are likely to capitalize on directly. All real estate is local and local factors will always have more impact. For example are people migrating into or out of a market or maybe a LARGE employer leaves a market. Those kinds of things are always impacting each local market.

Its always a good time to buy and sell in general! If you find a deal that makes money buy it. If you find somewhere else you want to deploy your money better sell. More often the determining factors to buy or sell are related to your specific situation than they are national or even your local market's conditions although they can be.

Keep in mind EVERY kind of significant action in your market creates some kind of opportunity. Factors may come about creating more opportunities to buy distressed properties... Or prices may jump up creating opportunities to sell or refinance and redeploy capital into better deals.