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The big premise of the commission lawsuit against the national association of realtors is that high commission fees were one of the leading drivers of real estate prices. How true is this statement? Will the new commission structure for realtors…
According to everything I’ve read, the economy is humming along. Economic growth is good, the labor market is healthy, and a soft landing is all but inevitable. At the same time lenders are acting polar opposite of what we should…
The market currently has a fixation on interest rates. Senators are now jumping on the bandwagon pushing the federal reserve to “immediately” cut rates to help the real estate market and affordability. Unfortunately, the senators do not fully grasp…
There is a theory that locked in low mortgage rates will force owners to stay in their houses. This has led to a huge shortage of inventory throughout the country. Why is the “lock in effect” starting to wind down? …
We have heard a ton of good news recently regarding inflation. Inflation has come down dramatically from its peak and the market is pricing in almost a 100% probability of an elusive soft landing. Is inflation really coming down as…
Soft Landing base case, impact on real estate Every realtor newsletter I have received predicts an increase in sales and a great real estate market is 2024 due to lower mortgage rates. Will this come to fruition? Will we have…
Anytime you turn on the news you hear about high house prices and that the culprit is that supply has not kept up with demand. Is supply really the main culprit of housing prices or did something else that…
It is interesting that the market continues to focus on interest rates and employment as the barometer for the economy while totally ignoring one metric. As a lender I just did a year end analysis on our portfolio and…
The market keeps predicting a goldilocks scenario with 100% certainty where inflation falls without much if any impact on residential real estate. The “soft landing” will occur at the same time interest rates have skyrocketed and supposedly the…
There has been a ton of talk regarding the lawsuits against the National Association of realtors, but from a practical perspective what does this mean for the market? Will buyer’s agent commissions be eliminated? One realtor association is not…