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...
U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects. It was the lowest reading for the measure since 2011. A sudden drop of this magnitude is extremely rare for the index. ...
For the first time in a year, since Covid-19 began spreading across the United States forcing Americans to stay home, retail alcohol sales have fallen almost 2%. Why the change in alcohol sales? No, people are not consuming less alcohol. What does this mean...
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...
I took this pic of a bear in my backyard staring at me while I was sitting on the porch, it was a good reminder.... 1.9 trillion is a huge number flowing through to the economy in one fell swoop. What do both Republican and Democratic economists agree on regarding...
10 million Americans are behind on their mortgage payments, with the majority of these late payments occurring in FHA loans. At the same time Millions are out of work, yet house prices are increasing in most markets. What was in the new forbearance agreement? How...
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...
Commercial property values were recently hitting peaks with investors rushing to invest in high quality commercial real estate as yields on other assets like treasuries continued to languish. Now the tides have turned with some high quality commercial property now...
2020 is now the year of the moose! Why the moose? Wrong place wrong time; 4 tips to survive. Last week, I got up early for a quick run. I grabbed my shoes and Luna (my Siberian husky) and hit the trail (pic of trail above). About a mile into the run I hear...
I'm doing my part for social distancing! As I’m working from home, I looked out the window and noticed a lone biker weaving while riding down the road. They suddenly came inches away from hitting a parked car. Were they drunk? No, they were wearing a mask and their...
I always love spring in the Rocky Mountains, to see the pull of the seasons with snow and flowers starting to bloom. Eventually spring always wins 🙂 If you read the news, it sounds like the world is crumbling with 22 million jobs lost and a predicted 30% GDP...
We are still funding in cash! The 2020 summer Olympics in Tokyo have officially been rescheduled to 2021. As the world copes with the Coronavirus pandemic, cities and countries around the world have shut borders and ordered stay at home orders to stop the spread of...
Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful. One of the key takeaways from the last recession is that risks lurk in plain sight. Hindsight 20-20 it was...
The Coronavirus pandemic has thrown the economy off a cliff leaving many equity rich property owners with no cash flow. The pandemic has caused many residential and commercial tenants to defer or totally miss payments as the economy shuts down. Property owners are...
We are still lending as we fund and hold our loans in cash! If you have been watching the mortgage market, your head is likely spinning. Last week, a mortgage rates drop for 30-year fixed mortgages hit a record low of 3% less than a week later rates have...
First, I wanted to give a hats off to this guy for taking social distancing to the next level. He hiked out about a mile on thin ice to ensure he was doing his part 🙂 Coronavirus has caused the Federal Reserve to drastically cut rates to almost zero due to the...
With the labor market looking up, we decided to "hire" a new employee, Luna. She will be working out of our Colorado office and focusing on property inspections (and anything that has to do with snow). Please welcome her to the team 🙂 The Labor Department...
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The Coronavirus has caused stock markets around the world to quickly sell off...
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Email: Info@FairviewLending.com
