The Federal Reserve just raised interest rates .5% as expected. The market originally rallied and then plummeted 5% the next day. The fed made a colossal error and the stock and bond markets are not buying their guidance. What did…
Fannie Mae, the largest buyer of mortgages in the US, just made some bold predictions about not only housing, but an upcoming recession. Their new predictions are a rapid departure from just a few months ago. What does Fannie Mae…
As mortgage rates have easily breached 5% (last I checked they were at 5.25%), there is a drastic change in real estate that is just beginning to rear its head. At the same time inventory is starting to increase and…
The average time someone spends in a home has increased from 8.7 years in 2010 to over 13 years in 2020; a whopping 50% increase. How is this impacting house prices? What caused the “break” in the game of musical…
The federal housing finance agency (FHFA), the largest buyer of mortgages through Fannie Mae and Freddie Mac (Fannie/Freddie), announced huge changes to there fee structure. In particular they are targeting high cost loans with big jumps for second homeowners. …
Who would have ever thought that used car prices would increase? A 10 year old car has appreciated 94% since the pandemic supply chain woes occurred. Unfortunately, what goes up will come down. When will the used car bubble pop? …
The swiftness of the changes in the real estate market are astonishing, yet not unexpected. I predicted last year mortgage rates would top 5% and they already have come close. This has led to a 60% drop in refinances and…
I just saw an article on CNBC with the headline: America is short 5 million houses and the media is proclaiming a housing crisis throughout the country due to a historic shortage. Ironically at the same time the US has…
According to Zillow, house prices will continue to skyrocket in 2022 with hot markets posting gains of 25% plus. What factors are driving these predictions? How accurate are Zillow's 2022 predictions for appreciation? How does Zillow’s estimates compare with the…
Buy now pay later included on credit reports, impact on real estate financing Buy now Pay Later loans are a million-dollar industry and yet until now these loans were invisible to lenders. This is all changing as Equifax is now…