IRS data show that taxpayers keep fleeing high tax states; should you follow the wealthy residents with your real estate investing? Is the sudden shift in residents to lower cost states a blip or a new trend? Take a look at the two charts below, what is the...
What do 7% rates mean for real estate prices
At the beginning of the year, the consensus was that rates would fall below 6%, fast forward and rates are now at or close to 7% with the 10 year treasury surging to a 19 year high. At the same time the real estate market is like two stuck bulls with neither buyers...
Kelly blue book (KBB) or your house, how accurate?
We have all used Kelly blue book values to see car values, now KBB is getting into the house business creating a “blue book” value for your house. How accurate is the new KBB value? How is this different than the Zestimate; realtor.com estimate, or any other...
More homeowners now underwater: what markets are most at risk
The real estate market has rapidly changed. The number of owners who are underwater is small but growing, and they have recently been concentrated in pandemic boomtowns such as Austin, Texas, Cape Coral, Fla and Denver, CO. A rapid rise in prices in these...
Did the Supreme court take away property rights
In a controversial ruling the Supreme court made a groundbreaking ruling on property rights that has implications for property owners throughout the country. The ruling regarded tax liens and answers the question of whether a city can “seize” a property for unpaid...
Bear at treeline, what does this mean for you and the economy
As I was hiking with my family almost at treeline in Colorado, one of my dogs suddenly went on point. To our surprise there was a brown bear sauntering through the field (sorry looks like a brown sheep as we are a good distance away on a ridge). In 30 years we...
HOA bankrupted, is now the time to buy?
With rising insurance costs and litigation HOAs across the country are coming under pressure financially. This is leading to more HOAs declaring bankruptcy. Why is a recent lawsuit against an HOA so important? What does this mean for property owners? What are the...
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...
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...
What does May inflation mean for interest rates and real estate?
The May inflation report is in, rising to the highest level in 3 years. Look at the chart above, out of nowhere yields have surged to almost 20-year highs and predictions exceeding 6%. The market is suddenly catching on that we have an inflation...
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? ...
Rates make a u turn; should you panic?
Look at this chart above, out of nowhere yields have made a U-turn with long term treasury yields surge to almost 20-year highs and predictions exceeding 6%. This is exactly the opposite of what economists had predicted at the beginning of the...
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...
More expensive to live outside a city than in a city
Over the last 30+ years it has historically been more expensive to live inside a city versus the suburbs. The demand for urban living was huge over the last 20 years. This narrative is now changing with the suburbs in many major cities poised to overtake urban...
Is Stagflation dead, what happens now
There has been considerable talk about stagflation now mirroring the 70s with high energy prices and low growth. Recently, all the data seemed to be pointing in this direction other than one metric. The economy keeps growing exceeding pretty much every...
Will real estate prices rise? Are the predictions wrong?
Every major economist is predicting real estate prices remaining flat to falling modestly in 2026. How accurate are these predictions? Is there a scenario where prices buck every prediction and rise later this year? A prior survey shows a radically different...
Has the economy lost its mind
As I was walking on a snow covered trail, I found a blaze orange sweatshirt. WTF, who loses something like this and doesn’t even notice? It made me start thinking, has the person lost their mind? Has the economy lost its mind? Look at three charts below: Gold,...
Where should you invest in real estate in 2026?
The pandemic turned the real estate market upside down with real estate values surging throughout the country. With values rising everywhere, everyone seemed like a winner. Unfortunately, the boom town days are coming to an end. Real Estate fundamentals or lack...
Gov’t gives away trillions, yet subprime borrowers surge
Does anyone else find it a bit ironic that the US government gave away 4.6 trillion including direct payments to individuals and yet the number of subprime borrowers has surpassed precovid levels. Why are more borrowers now classified as subprime and what does...
Renters Are Conning Their Way Into Luxury Apartments
Atlanta is the epicenter of a national surge in rental-application fraud where nearly half of rental applications contain fraudulent information. The applicants are targeting high end apartments throughout the city. Why is Atlanta the epicenter of the fraud? What...
Taylor Swift tax on real estate coming to a city near you
A new push by states to tax the real estate of the wealthy is going nationwide with cities across the country looking at expensive second homes as the gold mine to solve all their social problems. What is the new “Taylor Swift Tax”? What are some of the new proposals...
50 year mortgage: fundamental flaw in the media
There is a new proposal to develop a 50 year loan product to “turbocharge” the housing market and make it more affordable. How realistic is this proposal? What would a 50 year mortgage look like for consumers? What is the fundamental flaw in the analysis by the...
Big changes in property rights from the election- what city made 100m from the election?
Although all eyes and media coverage was on the supposed “blue wave” on election day, the real story are the huge changes in property rights throughout the Country. Did Nantucket vote to continue an effective ban on nightly rentals? Did Vail pass a 17% tax on...
Heavy trucks signal recession my data says the opposite
Look at the chart above, there is a direct correlation between heavy truck sales and GDP growth which is one of the best indicators for the health of the economy. As you can see heavy truck sales plummeted, which points to a recession. On the flip...


























