“Our model really works in upmarkets, it's going to work in flat markets, it's going to work in downmarkets,” chief financial officer Carrie Wheeler told analysts just 6 short months ago. Unfortunately today this statement could not be further from the truth. ...
A few weeks ago, the big news was 6% rates and now everyone suddenly woke up with stocks crashing and yields soaring to new highs and rates jumping again. What does this mean in the short term for interest rates? Is focusing on the 30 year mortgage rate the correct...
It will get much worse for the housing market and the mortgage industry. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. Federal Reserve chairman Powell recently threw even more cold water on their...
First, the pic above was the leading picture for a listing I looked at. I guess they were stressing the work from home conveniences in the office Unfortunately this could lead to some “interesting” conversations with coworkers. With the back to office trend in full...
What a week it has been in the economy. The federal reserve is still struggling to contain inflation and as a result increased the fed funds rate .75%. After the announcement stocks roared back in a huge “relief” rally and mortgage rates plummeted. Shortly after,...
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? How will the recent fed...
All I can say is wow. On a dime, the real estate market changed overnight. I was predicting mortgage rates around 6% over the course of the year. The change happened in one day with rates easily cresting 6.3%! What does this big surge in interest rates mean to real...
While in other countries real estate is slowing, home price growth in 20 US cities picked up for the fourth straight month with Tampa, Florida, showing the biggest gains. March's reading was the highest year-over-year price change in more than 35 years of data, with...
ATTOM’s just released January 2022 U.S. Foreclosure Market Report shows there were a total of 23,204 U.S. properties with foreclosure filings reported in January 2022. That figure is up 29 percent from December 2021 and 139 percent from January 2021. Will we see a...
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 loan volumes have plummeted. What is the big...
Who would have ever thought that used car prices would increase? A 10 year old car has appreciated 94% since the pandemic supply chain woes occurred. Unfortunately, what goes up will come down. When will the used car bubble pop? Why is the outcome of the auto...
Initially when Ukraine was invaded the stock market dropped precipitously over 800 points during the day only to make a huge rebound into positive territory. What does this volatility mean for interest rates and in turn real estate? Does the invasion change the path...
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 bear market or a peak in real estate? Where...
Wall Street investors believe inflation will remain a major roadblock for the markets in 2022 and stocks will only see muted returns, according to the new CNBC Delivering Alpha investor survey. What does this mean for interest rates and in turn real estate? What was...
The National Association of Realtors just released their 2022 housing market report. What are their predictions on mortgage rates, appreciation rates, rental rates, and location of purchases? There are a couple of surprises in the data that could radically alter...
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 2022 and beyond. Interest rates, inflation, and where the pandemic goes from here....
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 2022 and beyond. Interest rates, inflation, and where the pandemic goes from here....
Real estate investors spent a record $63.6 billion to purchase homes in the third quarter, up 78% from a year earlier, with an intense housing shortage fueling their returns, according to a Redfin report published on Monday. “Investors are expecting rents to increase...
What a week it has been a new Covid variant has emerged while at the same time, the federal reserve announced they are retiring the word “transitory”. The stock market dropped and treasury yields increased. What does all the recent news mean for real estate? Will...
I hope each of you and your families have a happy and healthy holiday season. For all of you traveling this holiday season have safe travels and pack your sense of humor especially if you are behind this guy. I’d like to give an official shout out to Matt Botten (pictured above). He didn’t want to pay the baggage fee so decided to wear all his clothes on his trip home . Imagine being behind him going through security, you think removing your shoes is an ordeal, how about 10 jackets and 8 pairs of pants!
Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn’t work as planned. Zillow has about 18 thousand houses it will be looking to sell. What does this mean for...
Would-be home buyers priced out of the sales market are finding little consolation when they turn instead to the single-family rental market. Prices are soaring there as well. What is causing the large surge in rents? How is this related to housing prices? Will the...
The Tony Blair institute recently did a study in the UK regarding remote work and ultimately the impact on employment numbers. What did the UK study predict regarding employment? How will this impact the US labor force? What will be the impact on real estate be? ...
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. ...
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