Voters in eight U.S. states passed measures in the last election to offer some form of relief on property taxes, a sign of their mounting frustration with tax bills that have soared alongside huge jumps in home values. Many states will have property tax...
Starting Sept 8th, Airbnb has radically altered the payment terms for all hosts. What was in the little change with huge impacts? How does this impact every property owner? Will it still be profitable for owners to use Airbnb? What are the three changes and what...
With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity Has continues to ramp up throughout the year. According to real estate data provider Attom, homebuyers may face more challenges heading into 2025. Why are foreclosure...
In every article I read about real estate they highlight that inventory is causing prices to fall, or high interest rates, or not enough demand. All of these items above are only symptoms. What is the real driver moving prices today? What does this mean for...
Check out the chart above. House prices this summer have hit yet another record? On the flip side, look at the chart below of Denver and Atlanta. Why the huge difference? What is happening in today’s real estate environment? Is the data above or below...
What an insane 24 hours, a late night tweet on Tuesday announced the sudden firing of a Federal Reserve Governor essentially trying to eliminate the independence of the federal reserve while ensuring looser monetary policy. Ironically the opposite occurred and...
Over the last several years, I’ve given various statistics from inventory, absorption rates, closings, consumer confidence, mortgage rates, etc… to provide guidance on where the real estate market is heading. Unfortunately there is one variable that I am now...
"The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon," Bank of America economists Michael Gapen and Jeseo Park wrote in the Monday note. What is causing the real estate market to be stuck? Is being stuck actually the...
It is interesting that inventory is increasing, demand is declining, and yet home prices are staying relatively stable and or increasing based on the latest data from the National Association of Realtors. How accurate is this data? What alternative metric...
2025 was set to be the big recovery in real estate with rates lowering setting us up for a great year. Instead, rates are hovering around 7%, inventory is rising, and long term treasuries are pointing to higher rates for longer. There is also a trade...
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...
Condominium owners across the country are facing a paralyzing problem: They can’t sell their properties because of a fast-growing and mostly secret mortgage blacklist. Don’t worry this is not some crazy conspiracy from the government. I’ve experienced this first...
This newest property tax measure that passed has been deemed the most controversial in the US. What was in the new measure? What state (hint it wasn't a far right or left state)passed a controversial law to protect private property rights by...
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...
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...
Higher income consumers are showing signs of stress. Look at the chart above, from the peak in 2022 higher end consumers intent to spend has dropped almost 25%. What does the chart mean for real estate and the general economy? Why focus on higher end consumers?...
Wow, 2024 was definitely a surprise, at the beginning of the year, there were huge predictions of a rapid decline in rates, fast forward to 2025 and now rates are actually rapidly increasing even after the federal reserve cut short term rates. Why are rates...
Fannie Mae, one of the largest buyers of residential mortgages has some profound predictions. Will house prices continue their upward trend through 2030? How accurate are the predictions below? How can house prices continue in such a linear fashion? Will...
After peaking around 215 dollars, Airbnb stock has taken a tumble of almost 40%. At the same time occupancy of nightly rentals has plummeted from its peak while available listings continue to grow. What does this mean for real estate prices? The two...
We all know rents have increased, but the reason seems to be alluding our elected officials. The new scapegoat for rising rents is being pinned on artificial intelligence as the root cause of high rents and one company in particular. Why is the government now...
When I was writing this article mortgage rates were hovering right around 7%. At the same time economists had been predicting a sharp decline in mortgage rates and a booming 2024 real estate market as the fed has cut rates. On the other hand, the chart above...
The conventional wisdom is that inflation causes higher interest rates which in turn causes lower housing prices. We are now seeing an interesting phenomenon where housing prices continue to stay high and in some markets head even higher with interest rates double...
Regardless of how you voted, at the end of the day for real estate in particular, does the election of President Trump radically change the trajectory of real estate? What happens to real estate volumes? Will interest rates rise or fall? What happens to values? Why...
Even with falling interest rates, inventory has quickly increased. We have gone from a supposed shortage of housing to an inventory surplus in many hot markets. Home sales in July were at the lowest recorded level. What is driving the increase in inventory? Will...
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