Last year it was announced that Libor will be phased out by 2021. Why is this such big news? According to a fed survey almost 45% of mortgages are linked to Libor and the vast majority of jumbo…
There is a huge risk to your business and your personal finances. Are you prepared? Think of how many electronic transactions you partake in for your business and personally. From online payments to vendors, to remote deposits, to ACH,…
What is your property worth? Chances are someone in India is answering that question for your lender without ever stepping foot in the country, let alone in the property. The process of using a Broker Price Opinion for valuation was…
Although this ski season just wrapped up. Some ski real estate is hitting the breaks with seasons end while others continue with the foot on the gas. Why are certain ski real estate markets throughout the country behaving differently…
Last summer Zillow announced that it would start a pilot program that allows instant offers on properties effectively eliminating real estate agents in the transaction. At that time 87% of agents thought Zillow would become a brokerage to eliminate…
Did the tooth fairy predict the recent market turmoil? The tooth fairy was a bit frugal in 2017, the average payout dropped 11%. Why such a large drop when the economy is supposedly the healthiest it has been in 10…
It is ironic that all the focus on the possible trade war with China and others is focusing primarily on the impact to certain industries whether it is steel, pork, high tech, services, etc… Little focus has been given to…
Last week an Uber driverless/ autonomous car struck and killed a pedestrian. This is the first fatality from a fully autonomous vehicle that was using sensors and artificial intelligence to drive itself. Why is this incident so important? How…
Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful. One of the key takeaways from the last recession is that risks lurk in plain…
Investors flipped more than 207,000 single-family houses and condos in the U.S. last year. More than 138,000 investors flipped a home last year, the most since 2007. This represents 5.9% of all single family and condo sales in 2017. Why…