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I wanted to wish you and your families a very Happy Thanksgiving. I have enjoyed working with each of you and your clients over the past year and look forward to working together in the near future. With everything going…
A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. Two major real estate companies have…
Housing industry urges Fed to stop raising rates, does it even matter? Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic…
The economists forecasting the jobs data missed big time, with the recent jobs report almost double their predictions. Why is job growth still surging while interest rates hit 20 year highs. What does this mean for future interest rate increases? …
In the past recessions, especially in 2008, just prior to the crash we saw a big pull back in luxury purchases. This was an early indicator of huge drops in real estate prices. Currently we are seeing a resounding change…
After the demise of Silicon Valley Bank and Signature Bank in March, a study on the fragility of the U.S. banking system found that 186 more banks are at risk of failure even if only half of their uninsured…
As part of a debt-ceiling agreement forged by President Joe Biden and House Speaker Kevin McCarthy, monthly student loan bills will resume September first. What does the restarting of student loans mean for real estate, interest rates, and the overall…
For years interest rates were the number one indicator for real estate prices. In this cycle interest rates have more than doubled yet real estate prices have barely budged. If we look back at 2008, the impetus for the large…
It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become considerably harder.…
In almost every real estate advertisement I receive, there is a common theme that prospective buyers should not focus on the rate as they will be able to refinance relatively soon at a much lower rate. How true is this…