National Association of Realtors predicts rising prices in 2023; fed predicts drop

National Association of Realtors predicts rising prices in 2023; fed predicts drop

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 commentary classifies the current...
Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Since Covid it seems like traditional patterns have been broken.  I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now?  Is a bear walking around in the snow a sign (zoom in...
Ready for a 30% drop in housing demand? Will tight supply really prop up the market?

Ready for a 30% drop in housing demand? Will tight supply really prop up the market?

The federal reserve did an analysis of what has led to the surge in housing prices and has a conclusive answer; the driver of high prices is not that we don’t have enough houses as the media has been claiming.   What is the real culprit behind soaring prices? Is there...
Inflation roars to highest since 1982, mortgage rates jump above 4%, what does this mean for real estate

Inflation roars to highest since 1982, mortgage rates jump above 4%, what does this mean for real estate

Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during January and substantially higher than any estimates according to a closely watched gauge the Labor Department released Thursday (CPI). The stock and bond markets are continuing to awaken,...
Stocks plunge, what does this mean for real estate prices?  What happened during the dotcom bust?

Stocks plunge, what does this mean for real estate prices?  What happened during the dotcom bust?

It has been quite the year for the stock market.  As I am writing this blog, the market has already plunged 10% to kick off the year.  Morgan Stanley just warned that stocks are more overvalued than the tech bubble.  How will this impact real estate?  What happened...
2022 real estate predictions: Mortgage payments rise 50%.

2022 real estate predictions: Mortgage payments rise 50%.

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 2022 and beyond. Interest rates, inflation, and where the pandemic goes from here....