A lot has changed since my year end update, four major banks have collapsed, and the market is now signaling a recession with interest rates beginning to fall. What does this mean for real estate in the second half of…
Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the Congressional Budget Office study. Furthermore, nearly 40 percent of…
Data from AirDNA, a short-term rental analytics firm, show as of October 2022, the number of future nights booked—a real-time indicator of the health of the short-term rental industry—was up 15.8% year-over-year. At the same time, anyone in the short-term…
I hope everyone is having a happy holiday season. Before getting into my predictions for next year, there are three crucial factors to discuss that will shape the real estate market in 2023 and beyond: Interest rates, inflation, and consumer…
In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update. On the flip side the most recent federal reserve economic…
We are in a new paradigm for real estate. With talks of a recession getting louder, what does this mean for real estate. In 2008/9 real estate was radically different than today. Companies like VRBO and Airbnb were not even…
If you haven’t gotten a haircut in a while, you are in for a surprise. Haircut prices like many other services in the economy are experiencing large increases. What does the increase in haircut prices mean for the economy and…
Commercial real estate is showing the first signs of cooling in more than a year, disrupted by rising interest rates that are already causing some deals to collapse. What is causing the quick change in fortunes in commercial real estate? …
One of the world’s bubbliest real estate housing markets is tilting from sellers to buyers with dizzying speed. Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten…
As mortgage rates have easily breached 5% (last I checked they were at 5.25%), there is a drastic change in real estate that is just beginning to rear its head. At the same time inventory is starting to increase and…