Retail sales in November jumped 1.7% exceeding all estimates by almost 20%. Fed announces a “pivot” and rate hikes to come. What does this mean for mortgage rates? How will this impact real estate purchases and refinances? What should you…
Real estate investors spent a record $63.6 billion to purchase homes in the third quarter, up 78% from a year earlier, with an intense housing shortage fueling their returns, according to a Redfin report published on Monday. “Investors are expecting…
What a week it has been a new Covid variant has emerged while at the same time, the federal reserve announced they are retiring the word “transitory”. The stock market dropped and treasury yields increased. What does all the recent…
Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn’t work as planned. Zillow has about 18 thousand houses it will be looking to sell. What…
Zillow claims that ‘operational capacity constraints’ has caused the hiccup in its home-buying business, but some analysts argue that bigger issues may be afoot. Why is Zillow abruptly pulling back from their ibuyer program after recently announcing a huge funding…
Would-be home buyers priced out of the sales market are finding little consolation when they turn instead to the single-family rental market. Prices are soaring there as well. What is causing the large surge in rents? How is this related…
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…
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?…
Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record. Just 30% of all consumers cited favorable home buying conditions, the lowest level since September 1982. What does this change in attitude mean for…
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…