First I hope everyone is having a good fall. It is crazy how quickly the year has gone by. It has been quite the ride with last week no exception as the stock market plunged. The key culprit that started the stock market saga is the impending blow up of Evergrande,...
In a last-ditch effort, President Biden implemented another eviction moratorium until October 3rd. What does this mean for real estate property owners? Will this ban hold up in court? Could this moratorium be a good thing for property owners? What is...
U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months. Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record. Just 30% of all consumers cited favorable home...
According to a recent Well’s Fargo economic report: the forecast for the level of services spending is expected to swell to more than four and a half years of typical spending packed into nine months. What does this transition from goods to services mean for real...
The Federal Reserve has bought $982 billion of the mortgage bonds since March 5, 2020. As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities...
As I look around the real estate market, you cannot help but notice the craziness. On my personal house in Colorado, my value is up around 50% in two years. These same trends are unfolding throughout the country, with appreciation hitting records. Is the real...
Your taxes will increase $775 Billion dollars according to an analysis by Bloomberg. President Biden has rolled out his proposed tax plan with three major pillars that will impact real estate pros. 1) Elimination of the 1031 exchange provision (or such a low cap...
Inflation alert: It is usually not a good sign when Fed Vice Chairman Richard Clarida said after the consumer price index report “I was surprised”. I am not sure what rock people are living under, but everything has increased in price from gasoline to restaurant...
Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
For years Zillow has been buying houses, but they have refused to use the Zestimate as their purchase price. The cards have now turned with Zillow announcing that the “Zestimate” is now the price they will pay for your house. How will this change allow Zillow to...
As a result of the current loose monetary policy and additional stimulus coming down the pipe, “imbalances” within the economy are starting to form. BofA predicts a 10% drop in stock prices. What are other experts saying on the stock market? How will this impact...
The statistics are staggering. Violent crime in Atlanta is up over 30% from 2019. Unfortunately, this is not unique to large cities. According to Crime data from Denver Police there have been 44 homicides this year so far, that is up from 31 at the same time last...
There has been a flurry of good news with stocks reaching records, talks of more stimulus, and vaccines rolling out. Small stocks like Gamestop and AMC have been off the charts minting new millionaires every day. What does all this mean for real estate? How will...
Happy new year to everyone. It is crazy that we are still talking about the election … it seems like it is never ending. Fortunately the Georgia senate runoffs were the last of this cycle. As Georgia flipped Democratic, treasury rates jumped to their highest since...
I was amazed that there hasn’t been much fanfare about Costar’s recent purchase. Costar is the largest commercial property data company (Loopnet, Costar, Apartment.com, etc…) with a market cap of 35 billion dollars. The Homesnap purchase is an indicator of things...
What a year 2020 has been! The pandemic struck, unemployment has hit records, there was a nice rebound in the summer, and recently a downward trend due to the spike in Coronavirus cases. What does 2021 hold for the economy, interest rates, and residential and...
President-elect Joe Biden nominated former Federal Reserve Chairwoman Janet Yellen, the prior head of the Federal Reserve, to become the next Treasury secretary. The “market” loved the pick, should you? What does a Yellen pick for treasury mean for interest rates? ...
Almost 10% of all government sponsored mortgages entered mortgage forbearance which accounts for almost 841 billion dollars in loans. 4 in 5 workers say they live paycheck to paycheck, with around 30 million people unemployed, the numbers could be daunting. Yet 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...
It is ironic in 2007 and 2008, I was asked by our accountant to value properties and loans on our books due to the last cycle. I told her I had no clue, there were too many unknowns. Commercial real estate is starting the same cycle that residential real estate saw...
There is a new legislative proposal to radically alter the appraisal industry. Should the use of comparables be arbitrary when establishing appraised value? Do appraisers need to better “appreciate” a neighborhood (what does this even mean?) Should an appraiser use...
If you have been tracking interest rates in the mortgage market, your head is likely spinning. Mortgage rates hit a record low of 3% less than a week later rates have risen again. What is causing the drastic swings? Is now the time to lock in or refinance? What did...
From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress. Millions are out of work, yet house prices are increasing in most...
Nike is a bellwether for the retail industry and general economy generating over 40 billion in annual revenue making it one of the largest athletic retailers in the world. Since 2006 revenue has consistently increased every year. In June, Nike announced that sales...
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