I am always amazed at how out of touch our elected officials are with what happens in the real world. The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers,…
We are now well over a year into the pandemic and forbearance/eviction moratoriums abound with property owners and lenders essentially “stuck” with limited or no cash flow. Unfortunately, many in Washington and local governments do not fully understand how real…
Before getting into the details, I can quickly answer the first question with 100% certainty. Will Mortgage rates rise substantially in 2021? Yes they already have and will go even higher! Why are mortgage rates rising while the federal reserve…
Over 50% of workers are 100% remote with another 20% sometimes working remotely due to the pandemic. Will this trend reverse this year with the rollout of the vaccine? How will this impact real estate in the short term and…
President-elect Joe Biden nominated former Federal Reserve Chairwoman Janet Yellen, the prior head of the Federal Reserve, to become the next Treasury secretary. The “market” loved the pick, should you? What does a Yellen pick for treasury mean for interest…
Real estate in Colorado ski towns and resort communities throughout the country has been off the charts (do you know which CO resort I took this pic at?). The data is staggering in three months from June through August,…
New eviction laws that Democratic lawmakers recently passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic forbearance…
FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any…
The Coronavirus has created a unique financial situation. Unemployment rates are at record highs, with companies announcing long term downsizing. At the same time residential real estate is hitting new records and continues to increase in the face of the…
We are still funding in cash. Before the Pandemic, the United States economy was on track with the longest running bull market, record low inflation wages increasing, record low unemployment, and historically low mortgage rates. Even with all this good…
