Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly…
I am always amazed at how out of touch our elected officials are with what happens in the real world. The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers,…
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…
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…
Before getting into the details, I can quickly answer the first question with 100% certainty. Will Mortgage rates rise substantially in 2021? Yes they already have and will go even higher! Why are mortgage rates rising while the federal reserve…
The statistics are staggering. Violent crime in Atlanta is up over 30% from 2019. Unfortunately, this is not unique to large cities. According to Crime data from Denver Police there have been 44 homicides this year so far, that is…
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. …
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…
Within the new proposed Covid relief proposed by the president is a requirement that the minimum wage increase nationally to fifteen dollars an hour. What impact will this have on housing affordability? How will this increase in minimum wage affect…
There has been a flurry of good news with stocks reaching records, talks of more stimulus, and vaccines rolling out. Small stocks like Gamestop and AMC have been off the charts minting new millionaires every day. What does all…
