Although the spring real estate market has slowed drastically from the pandemic days, the bottom has not fallen out. Quite the opposite has occurred, in suburban markets and sunbelt cities, real estate keeps charging higher. A good example is…
Inflation continues to stick around with core CPI running near record highs. This will keep the federal reserve on a likely path to hike rates once again in May. What does this mean for interest rates and real estate? What…
Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the Congressional Budget Office study. Furthermore, nearly 40 percent of…
The market currently has a fixation on interest rates. Essentially whatever interest rates do the market reacts accordingly. For example if rates rise, sales fall and vice versa. Are rates really the driver of the slow down in real…
I rarely say that Covid caused radical changes in behavior but the commercial property sector is bucking this trend. This is not because of return to office or lack thereof, but leverage and the central bank. In every cycle in…
US commercial real estate prices have plunged 13% from a peak this year, the biggest drop since the global financial crisis of 2008. What is causing the decline in commercial property prices. Is this a blip or will the slide…
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 2023 and beyond: Interest rates, inflation, and consumer…
In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update. On the flip side the most recent federal reserve economic…
The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory. How accurate is…
Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers. From June through August, prices usually decline about 2%, but this year they have fallen about 6%. At the same time, mortgage rates hit…