Economic binge continues but consumer sentiment falls, impact on real estate

Economic binge continues but consumer sentiment falls, impact on real estate

U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months. Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record.  Just 30% of all consumers cited favorable home...
Seismic shift in the consumer spending: Who wins?

Seismic shift in the consumer spending: Who wins?

According to a recent Well’s Fargo economic report: the forecast for the level of services spending is expected to swell to more than four and a half years of typical spending packed into nine months. What does this transition from goods to services mean for real...
Home rents jump highest in 15 years

Home rents jump highest in 15 years

I have been saying for months that rent growth would accelerate.  The numbers are in and according to Corelogic, Single-family rents were up 5.3% year over year in April, rising from a 2.4% increase in April 2020. Nationally, rent growth exceeded pre-pandemic rates...
Is inflation “transitory”, the answer to this question will predict real estate’s future

Is inflation “transitory”, the answer to this question will predict real estate’s future

The federal reserve on multiple occasions has called the recent spike in inflation “transitory” yet inflation just rose to its highest level since 1982.  Will inflation increase over the short term and then fall to a much lower level in the future?  Why is the answer...
Loan costs for second homes, rentals to spike under new Fannie/Freddie rule

Loan costs for second homes, rentals to spike under new Fannie/Freddie rule

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 announced...
New Proposed tax plan will hit property owners and cost you millions.

New Proposed tax plan will hit property owners and cost you millions.

    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, but middle class, small business...