Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

The swiftness of the changes in the real estate market are astonishing, yet not unexpected.  I predicted last year mortgage rates would top 5% and they already have come close.  This has led to a 60% drop in refinances and a sharp reduction in sales.  What do these...
Ukraine invaded; impact on the economy, interest rates, and real estate

Ukraine invaded; impact on the economy, interest rates, and real estate

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...
83% of investors are worried about two items that will impact real estate

83% of investors are worried about two items that will impact real estate

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...
2022 Realtor predictions on interest rates & appreciation  

2022 Realtor predictions on interest rates & appreciation  

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...
Done with the pandemic toilet paper, Peloton plunges, what does this mean for real estate?

Done with the pandemic toilet paper, Peloton plunges, what does this mean for real estate?

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 also starting to witness this transformation...
2022 real estate predictions: Mortgage payments rise 50%.

2022 real estate predictions: Mortgage payments rise 50%.

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....