Every real estate investor needs to understand not just what’s going on in the local market…but what’s happening in the broader national and even global economy as well.
Here are three economic websites you should read weekly to stay on top of your game…
1) The Wall Street Journal. One of the site’s best sections is called Market Watch, which focuses on both local markets and big-picture economic factors. In addition, The Journal keeps close tabs on international influences on the economy, as well as evolving government policy and, of course, business trends.
2) The Economist is an internationally-respected site that addresses movements in science and technology, as well as world economics, business and finance. This will help you be more broadly knowledgeable about the evolving economic conditions around you.
3) Your local or regional news website’s business section very likely has the best coverage of the regional economy and business trends. And, newspaper online sites can be the source for coverage of local government policy, as well as road construction and housing development trends. You need to know about the new local bypass, new business openings and major business closings, even the level of excitement about local school sports. These are all factors that affect how your prospective buyers and sellers make their own decisions about real estate.
Remember: an informed investor is a successful investor.
For more information on how you can escape the rat race for good and create lasting, generational wealth with real estate, download my FREE ebook, “How to Find Underpriced Properties: Secrets for Creating Wealth with Real Estate in ANY Economy.”
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