A lot has changed since my year end update, four major banks have collapsed, and the market is now signaling a recession with interest rates beginning to fall. What does this mean for real estate in the second half of…
Although the spring real estate market has slowed drastically from the pandemic days, the bottom has not fallen out. Quite the opposite has occurred, in suburban markets and sunbelt cities, real estate keeps charging higher. A good example is…
The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners (greater than 100k), a new study shows. Furthermore 24% had issues paying…
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses. Why the sharp pullback in lending? What does this mean…
Inflation continues to stick around with core CPI running near record highs. This will keep the federal reserve on a likely path to hike rates once again in May. What does this mean for interest rates and real estate? What…
Presidential nominee Biden has rolled out his proposed tax plan with two major pillars that will impact real estate: 1) Elimination of the 1031 exchange provision 2) elimination of long term capital gains. These two changes, if passed, will have…
Wow, a few weeks ago rates had fallen from a peak of over 7% to almost 6%. Unfortunately the party was short lived as rates are now heading much higher. The recent jobs report was another blow out upping the…
Over 48 hours two banks failed for very different reasons. There is a saying in banking that when rates rise and easy money runs out, we will find the skeletons that have been lurking in plain sight. Are we…
Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the Congressional Budget Office study. Furthermore, nearly 40 percent of…
The market currently has a fixation on interest rates. Essentially whatever interest rates do the market reacts accordingly. For example if rates rise, sales fall and vice versa. Are rates really the driver of the slow down in real…