Fairview Commerical Lending

Most economists are convinced that there will be a recession soon, although nobody knows whether it is 3,6 or 12 months away.  The good news is that this recession should not be a repeat of 2008.  Which prior  cycle will the next recession likely represent?  Will it be a deep recession?  What will happen to real estate prices? Why are economists correlating this upcoming recession with the 90s? There seems to be some consensus that this next recession will not be a repeat of 2008 based on the information we have today. The recession with the most similarities to today…

All I can say is wow. On a dime, the real estate market changed overnight.  I was predicting mortgage rates around 6% over the course of the year. The change happened in one day with rates easily cresting 6.3%!  What does this big surge in interest rates mean to real estate?  What price points will be impacted the most?  What are companies like Redfin and Compass doing because of higher rates?   How are mortgage rates “set”? First, it is important to note that the federal reserve does not directly control mortgage rates.  The fed controls the “federal funds rate”. …

While in other countries real estate is slowing, home price growth in 20 US cities picked up for the fourth straight month with Tampa, Florida, showing the biggest gains.  March's reading was the highest year-over-year price change in more than 35 years of data, with the 10-City growth rate at the 99th percentile of its own history.  Will this appreciation continue?  What happens next?  How do the US housing prices impact the federal reserve and in turn interest rates?   What was in the data regarding home price appreciation? The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering…