Rocket mortgage acquires redfin, what does this mean for real estate?

Rocket mortgage acquires redfin, what does this mean for real estate?

  In a surprise move, Rocket mortgage is acquiring the real estate brokerage company Redfin for 1.8 billion.  Why is a mortgage company interested in a real estate broker?  What does this mean for realtors, consumers, and competitors?  Will this purchase...
Can the government “take” you property for unpaid taxes

Can the government “take” you property for unpaid taxes

  Over the last 100 years or so counties have operated under the assumption that if property taxes (or in some cases water/sewer, etc…) are not paid then the county can “take” the property for the unpaid taxes.  A recent supreme court ruling radically alters this...
Why are mortgage rates rising when they should be falling?

Why are mortgage rates rising when they should be falling?

The chart above is very surprising.  When the market is predicting a slowdown or a recession, gold typically rises and treasuries also rise, typically in tandem.  The exact opposite is happening now as bond prices are falling and yields are rapidly increasing in the...
My recession indicator flashing green: ready for bulls or bears

My recession indicator flashing green: ready for bulls or bears

Are the bulls running or are the bears coming?  Any business media you pick up is harping on the idea of a “recession watch” and the economy is basically coming to an end!  On the flip side my proprietary lending data is giving me a radically different answer.  What...
Does the stock market predict real estate prices?

Does the stock market predict real estate prices?

  For years, myself, and many others have thought that interest rates were the predictor of housing prices.  Fast forward to post COVID where interest rates have doubled and yet housing prices remain high and are still trending higher in many markets. What other...
What do Tariffs mean for real estate and interest rates

What do Tariffs mean for real estate and interest rates

  70% of lumber and 30% of drywall comes from Canada which could be subject to tariffs, what does this mean for the average build cost of a house?  What does the chart above have to do with Tariffs?  Will tariffs meaningfully impact real estate build costs and...