Used car prices predicted to drop 30%, when? Impact on economy and real estate

Used car prices predicted to drop 30%, when? Impact on economy and real estate

Who would have ever thought that used car prices would increase?  A 10 year old car has appreciated 94% since the pandemic supply chain woes occurred.  Unfortunately, what goes up will come down.  When will the used car bubble pop?  Why is the outcome of the auto...
Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

The swiftness of the changes in the real estate market are astonishing, yet not unexpected.  I predicted last year mortgage rates would top 5% and they already have come close.  This has led to a 60% drop in refinances and a sharp reduction in sales.  What do these...
Shortage of homes will keep prices high… think again; Is there really a shortage?

Shortage of homes will keep prices high… think again; Is there really a shortage?

I just saw an article on CNBC with the headline: America is short 5 million houses and the media is proclaiming a housing crisis throughout the country due to a historic shortage.  Ironically at the same time the US has hit a record for the slowest population growth...
Shortage of homes will keep prices high… think again; Is there really a shortage?

Redfin plunges 26% in one day and foreshadows 4 trends shaping the 2022 and beyond real estate market.

Redfin plunges 26% in one day and foreshadows 4 trends shaping the 2022 and beyond real estate market. Redfin, the darling of the real estate market the last several years  has plunged 45% over the last year.  At the same time numerous analysists are downgrading the...
Housing party coming to an end, what does this mean for values; the bears have awoken

Housing party coming to an end, what does this mean for values; the bears have awoken

Gary Shilling, the author of the Case-Shilling real estate index, accurately predicted the last real estate bust.  He has come out with recent predictions that throw a cold towel on how this housing cycle ends.  Are we at a bear market or a peak in real estate?  Where...
Inflation roars to highest since 1982, mortgage rates jump above 4%, what does this mean for real estate

Inflation roars to highest since 1982, mortgage rates jump above 4%, what does this mean for real estate

Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during January and substantially higher than any estimates according to a closely watched gauge the Labor Department released Thursday (CPI). The stock and bond markets are continuing to awaken,...