Buying and selling a condo just got harder thanks to Fannie Mae policies

Buying and selling a condo just got harder thanks to Fannie Mae policies

  Many don’t know but the overwhelming majority of all loans originated are ultimately sold to governments sponsored entities like Fannie or Freddie that package the loans and sell as mortgage backed securities.  This means that whatever Fannie and Freddie...
Interest rates jump again, are they going to decline?

Interest rates jump again, are they going to decline?

  It seems like all the economists are surprised that inflation continues at elevated levels and suddenly the market is in a panic about higher inflation.    Am I the only one in the world that buys groceries, fills up my gas tank, goes out to eat, etc… Anyone...
Will real estate fall to Pre Covid levels? Have they already?

Will real estate fall to Pre Covid levels? Have they already?

  During the Covid real estate boom everything with 4 walls took off in price.  Are these price gains sustainable?  Will real estate fall back to Covid values, wiping out huge gains in real estate prices?  Have prices already adjusted to pre covid levels in some...
Rents plummet, is this a trend or blip?

Rents plummet, is this a trend or blip?

    Rents have made a quick U turn.  After rising substantially over the last decade, they are quickly reversing course.  Why are rents now falling?  Is this just a trend or a blip.  Look at the chart below, how does this alter the predictions on rents? ...
New flood and fire risk scores radically alter values

New flood and fire risk scores radically alter values

  Recently Realtor.com and Zillow have been promoting “risk scores” for properties to reflect environmental risk from fires and floods.  These new scores are radically altering real estate prices. What is included in the new scores? Are you impacted? How accurate...
What is hiding in the real estate market?

What is hiding in the real estate market?

The housing market has a multi-billion dollar problem that nobody is talking about.  Since the last recession economists harp on the fact that underwriting is so much better now than it was leading up to 2008.  This is correct except for one lender, the federal...