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…
The federal housing finance agency (FHFA), the largest buyer of mortgages through Fannie Mae and Freddie Mac (Fannie/Freddie), announced huge changes to there fee structure. In particular they are targeting high cost loans with big jumps for second homeowners. …
Gary Shilling, the author of the Case-Shilling real estate index, accurately predicted the last real estate bust. He has come out with recent predictions that throw a cold towel on how this housing cycle ends. Are we at a peak…
New York City’s housing market is undergoing a powerful rebound, fueled by New Yorkers trading up, out-of-staters moving in, and others looking beyond the pandemic’s aftershocks to make a long-term bet on the city. On the flip side, Boise prices…
Wow, it has been a wild ride during this pandemic, who thought there would be a national run on toilet paper. Fortunately, those days are over. You can now readily pick up Charmin (or whatever you like). The market is…
The federal government is about to back mortgages of nearly $1 million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac is expected to jump sharply in 2022, a reflection…
In my blogs I have talked about how typically when we have large inflation this will drastically slow the real estate market as interest rates rise. With all the craziness from the Covid bump occurring could just the opposite occur? …
First I hope everyone is having a good fall. It is crazy how quickly the year has gone by. It has been quite the ride with last week no exception as the stock market plunged. The key culprit that started…
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…
An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year. Goldman, BofA, and Blackrock are predicting a 50% rise in treasuries by year end. …