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…
If you haven’t gotten a haircut in a while, you are in for a surprise. Haircut prices like many other services in the economy are experiencing large increases. What does the increase in haircut prices mean for the economy and…
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…
The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market. Non bank lenders now make up 74% of the origination volume with only 3 banks even making…
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? …
Most economists are convinced that there will be a recession soon, although nobody knows whether it is 3,6 or 12 months away. The good news is that this recession should not be a repeat of 2008. Which prior cycle will…
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…
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…
One of the world’s bubbliest real estate housing markets is tilting from sellers to buyers with dizzying speed. Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten…
Where mortgage rates are heading seems to be the biggest question on everyone’s mind in real estate. As of this writing rates were around 5.821% which is substantially higher than any economists had predicted even a few months ago. What…