US commercial real estate prices have fallen this year for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry. What property types are declining? (hint not…
What does the recent CPI fall mean for mortgage rates and real estate prices? A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s historic interest rate increases. The slowdown came below most median estimates…
I wanted to wish you and your families a very Happy Thanksgiving. I have enjoyed working with each of you and your clients over the past year and look forward to working together in the near future. With everything going…
Fed raises rates 2200% The floor on housing prices drops The real estate party cannot go on forever. We are in a goldilocks scenario where prices are staying high even in the face of doubling mortgage rates. Unfortunately, eventually the…
A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. Two major real estate companies have…
Housing industry urges Fed to stop raising rates, does it even matter? Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic…
The economists forecasting the jobs data missed big time, with the recent jobs report almost double their predictions. Why is job growth still surging while interest rates hit 20 year highs. What does this mean for future interest rate increases? …
In the past recessions, especially in 2008, just prior to the crash we saw a big pull back in luxury purchases. This was an early indicator of huge drops in real estate prices. Currently we are seeing a resounding change…
Earlier in the year most economists and myself predicted a recession by now, but the cards have changed with most now predicting the opposite, a soft landing. What is a soft landing? Is a soft or hard landing better for…
After the demise of Silicon Valley Bank and Signature Bank in March, a study on the fragility of the U.S. banking system found that 186 more banks are at risk of failure even if only half of their uninsured…