Buying and selling a condo just got harder thanks to Fannie Mae policies

Buying and selling a condo just got harder thanks to Fannie Mae policies

  Many don’t know but the overwhelming majority of all loans originated are ultimately sold to governments sponsored entities like Fannie or Freddie that package the loans and sell as mortgage backed securities.  This means that whatever Fannie and Freddie...
Interest rates jump again, are they going to decline?

Interest rates jump again, are they going to decline?

  It seems like all the economists are surprised that inflation continues at elevated levels and suddenly the market is in a panic about higher inflation.    Am I the only one in the world that buys groceries, fills up my gas tank, goes out to eat, etc… Anyone...
Will real estate fall to Pre Covid levels? Have they already?

Will real estate fall to Pre Covid levels? Have they already?

  During the Covid real estate boom everything with 4 walls took off in price.  Are these price gains sustainable?  Will real estate fall back to Covid values, wiping out huge gains in real estate prices?  Have prices already adjusted to pre covid levels in some...
What does May inflation mean for interest rates and real estate?

What does May inflation mean for interest rates and real estate?

      The May inflation report is in, rising to the highest level in 3 years.  Look at the chart above, out of nowhere yields have surged to almost 20-year highs and predictions exceeding 6%.  The market is suddenly catching on that we have an inflation...
More expensive to live outside a city than in a city

More expensive to live outside a city than in a city

Over the last 30+ years it has historically been more expensive to live inside a city versus the suburbs.  The demand for urban living was huge over the last 20 years.  This narrative is now changing with the suburbs in many major cities poised to overtake urban...
What does the  Iran war mean for real estate?

What does the  Iran war mean for real estate?

I was a bit surprised at the market reaction, check out the 10 year treasury (above) on the Monday after the war began. I would have predicted the opposite reaction with yields falling.  What are the three primary reasons rates are now rising? What impact does this...