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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…
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…
No this is not a joke, I had to read the recent Fannie Mae press release multiple times to actually believe what I was reading. Who would have ever thought that someone with a high credit score above 740 would…
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…
As the banking crisis unfolds, the media continues to focus on depositors and shareholders. Although both are important, there is an even bigger issue that is not being discussed. According to the FDIC, community banks made 67% of all commercial…
Last week, the president announced an action that will save homebuyers and homeowners with new FHA-insured mortgages $1500 per year (assuming a 500k home), lowering housing costs for an estimated 850,000 home buyers and homeowners in 2023. On the surface,…
As a private lender, my call volume and closings the first quarter have been off the charts as borrowers fall out of more conventional products. This trend is now playing out with the Mortgage Credit Availability Index showing substantial tightening…
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…