Trump implements plunge protection team; what does this mean for real estate?

Treasury Secretary Steve Mnuchin said on twitter: “Today I convened individual calls with the CEOs of the nation’s six largest banks,” and he will have the first meeting of the “plunge protection” team Monday. Just a little advice to whomever picked the name, it doesn’t provide a warm and fuzzy feeling! What is the “plunge protection team”? Who are the members? Why is being called upon now? This team last met in 2009 during the waning days of the last recession. Is this an indication of something larger?
Continue Reading

Can you spot a B.S. appraisal?

Are we partying like it is 2007 again? Hopefully everyone hasn’t forgotten the last real estate party and how badly it ended.  With the market on fire in many locations throughout the country, there is increasing pressure to get transactions…

Continue Reading
Rates

Think rates will stay low? Think Again

I’m a big believer in self reflection, and when I am wrong, coming out and saying it.  I wrote an article, let if float, where I, like pretty much everyone else in the industry, predicted rates would stay low.  Unfortunately,…

Continue Reading

Does your property have a spooky past?

It’s the Halloween season and time for haunted houses, ghosts, and goblins.  Like most people, I enjoy Halloween but definitely wouldn’t want to celebrate the holiday every day.  Unfortunately, unsuspecting buyers commonly purchase properties with a spooky past. Did you…

Continue Reading