I was recently interviewed in Mortgage Professional America and one of the key questions was “what is the root cause of the condo crisis”. It seems like everyone is just now talking about the crisis in condos and attached dwellings, but this should not be a surprise...
Weinberg told Mortgage Professional America ” the July jobs report was the turning point in how I think about where the economy is heading. After months of strong headline numbers, the report showed a sudden loss and downward revisions.” After watching inflation pull...
In case you missed it, I was recently quoted in the Wall Street Journal: Homeowners foreclosing on more residents. Did you know foreclosures in HOAs have jumped 40% in the last two years? Why? The WSJ did a great article focusing on the root causes of the distress...
First, yes above is yours truly, hopefully you were not expecting Tom Cruise behind the keyboard 😊 In case you missed it, I was recently quoted in a Mortgage Professional America article: Fannie and Freddie are taking on more risk than anyone is admitting. ...
New government rules allow Crypto to be used for mortgage collateral. At the same time Crypto just hit its lows for the year plunging 52% over the last year while the S&P return is about + 24%. Should lenders accept crypto for mortgages? How does this impact...
Another uptick in the US’s annual inflation rate comes as little surprise as the US-Iran war rumbles on, but it’s still deepened uncertainty across the US housing market and clouded the interest rate outlook. “Based on the recent readings, I think any rate cuts are...
I recently did an interview with Mortgage Professional America. Below is an excerpt and a link to the full interview. The stock market is strong, unemployment remains low, and rates have steadied—but none of that matters if consumers can’t pay their bills. That’s the...
The pic above has nothing to do with the election, but this bear was about 10 feet from me when I was doing a zoom call on the back deck. I didn't notice him until the meeting participants eyes got big as he walked up behind me. Talk about an interesting coworker...
The jobs report last week was a welcome surprise beating expectations with 266k jobs created, almost 50% more than expectations. This is the lowest jobless rate since 1969 underpinning a strong consumer that continues to spend and drive the bull market. What does...
Federal Reserve Chairman Powell recently announced that inflation is transitory. Sound familiar? Janet Yellen, the prior fed chair, used this same term 2017 and 2018. Seems like we are in an extended “transit”. Why? Are we headed for the next...
In the fall of 2006 my wife, a high school teacher, left for school in a small sleepy town SW of Denver. Shortly after school began shots rang out and a hostage situation ensued (See Article). At the end of the day one student and the gunmen was dead. This all...
Although it is impossible to predict the future unless you were a star in the movie back to the future , history does provide a good indicator of what might happen. With all the recession talk recently it is important to relate the current economic environment back...
As the government shutdown continues to drag on, how is commercial and residential real estate being impacted? What does Vail resorts, the largest owner of ski resorts in the country, have to do with the government shutdown. How are existing property owners...
The Commerce Department reported GDP surged to 4.1% this past quarter from 2% the prior quarter (full article). Is this the beginning of an era of increased economic prosperity or a house of cards ready to crumble? Should you buy real estate now due to expected...
If you haven’t seen the news Zillow has released a tool to provide “instant offers” to consumers on the purchase of their property via their website WITHOUT USING ANY AGENTS! Will this ultimately be the demise of the traditional residential broker? Why is Zillow...
Shares of Banks soared today as real estate took a little breather. What does a trump presidency mean for the markets and mortgage/real estate professionals? Is Trump the “inflation president”? What does this mean for rates and real estate values? Let’s start with...
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...
Has real estate lost its "mojo"? Anyone who has watched real estate has certainly noticed a large uptick in house prices from 2007, almost doubling in many areas. This begs the question: Are we approaching a bubble? Are we going to see a correction like 2007 or the...
Should you invest in Real Estate? What will your actual return be? It seems like everyone is chasing the same golden rainbow. There is an old saying that a stock bubble can be predicted when your barber provides investment advice, similar could be true in real...
By Glen Weinberg, chief operating officer, Fairview Commercial Lending | As seen in the Scotsman Mortgage Guide With recreational marijuana available in four states — two of them, Oregon and Alaska, newly arrived on the scene as of 2014 — and medical marijuana...
Is Colorado getting “high” (er) on marijuana? I published an article in the Colorado Real estate Journal (11/6/13) with the title: “Is Colorado High on Marijuana?” Since then, there has been quite a bit of smoking (or eating) that is continuing to drive the market. So...
Glen Weinberg, COO/ Partner in Fairview Commercial Lending, recently wrote an article for the CO Biz Magazine: Pot Banking, What are they smoking. The Marijuana Industry faces a conundrum What do you think about a bank focusing just on one industry? Is this a good...
The Bank Says No! Now what? Glen Weinberg COO of Fairview Commercial lending was recently published in the Scotsman's Mortgage guide: Hard Money Lends a hand You have a great lead, everything looks good, the deal is set to close, but at the last minute the bank says...
I recently reviewed an appraisal (we don’t require them, but the borrower had gotten one prior) and out of curiosity I looked at the appraiser's resume that was attached to the appraisal. Their most recent experience was a manager at Dominos pizza (currently employed...
