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...
In every nightly rental discussion throughout the country, there is this theory that nightly rentals are increasing rents and pricing out locals. How true is this statement? What happened in NY when nightly rental were severely restricted? What has happened in...
Consumer spending in the world’s largest economy has been so resilient in the face of stubbornly high inflation that economists and traders have had to repeatedly rip up their forecasts for slowing growth and interest-rate cuts. How are consumers still spending...
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...
I saw a recent ad for a Porsche electric Taycan that was less than 18 months old available for half of its original cost. What can this huge drop in prices over a short time tell us about an impending real estate problem? Why am I even looking at Porsche...
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...
Since Covid, Landlords have been portrayed as the big bad wolf and the root cause of pretty much any housing woe you can think of. Legislatures have jumped on the bandwagon essentially declaring war on landlords with the number of tenant laws doubling in three...
Fannie Mae and Freddie Mac, the largest buyers of mortgages, effective immediately are required to count cryptocurrencies as an asset for mortgages. This is a profound shift in policy. How will this impact real estate lending? Will Cryptocurrency radically alter...
In my last blog post, Will real estate fall to 2020 values, I launched my first survey to see what the readers of my blog thought about the direction of the real estate market, the results were astounding. There was a clear consensus of where real estate prices are...
The real estate market has drastically shifted. Look at the chart above, sellers are rapidly outpacing buyers which means only one thing; the law of economics will rule, and prices will fall. What is causing prices to fall now in many markets, and will this...
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...
It seems nobody is talking about the property tax bomb coming to almost every major city. What is causing the huge decrease in property tax revenue even though your individual property taxes have skyrocketed? Why will your property taxes continue to skyrocket? I’m...
"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...
With the recent passage of president Trump's tax bill, what impact does this have on real estate and mortgage rates. Look at the chart above, why did interest rates rise when the tax bill was passed? Who are the winners and losers? What does this bill mean for the...
For the last 4 years, credit scores have been artificially inflated due to the omission of student loans (and lack of payments of student loans) leading to huge gains in credit scores. Unfortunately this trend is set to reverse this year. Look at this chart above...
Various trade publications continue to predict a decline in mortgage rates the second half of the year, yet at the same time Walmart, Ford, and others have announced big price hikes coming down the pipeline. What does this mean for the economy,...
In this past election, one state passed an updated law that disallows certain non residents from buying property. What was in the law? What state passed it? What was the huge change since 2023? What does this mean for buying real estate in certain states? Can a...
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...
Rocket Mortgage announced the acquisition of Mr. Cooper mortgage, the largest loan servicer in the US, which will now service 2.1 trillion dollars in loans and the combined company will have access to over 10 million combined clients. Will this lead to a 2/3...
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...
In a surprise move, Rocket mortgage is acquiring the real estate brokerage company Redfin for 1.8 billion. Why is a mortgage company interested in a real estate broker? What does this mean for realtors, consumers, and competitors? Will this purchase...
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...
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