Would you bet your life on interest rates? Life insurance companies are making a huge gamble on rates, they are willing to bet their life and yours on the direction of interest rates. Why are life insurance companies suspending new policies? What does this mean for...
First, I wanted to give a hats off to this guy for taking social distancing to the next level. He hiked out about a mile on thin ice to ensure he was doing his part 🙂 Coronavirus has caused the Federal Reserve to drastically cut rates to almost zero due to the...
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The Coronavirus has caused stock markets around the world to quickly sell off...
We are at an interesting crossroads in the economy. The Federal Reserve and economic data show that the economy is very strong with consumer spending and confidence at all-time highs. At the same time the bond market is portraying a different picture after a new...
It is ski time in the Rocky Mountains with over 250 inches in many of the resort communities. Do you know where the picture was taken (hint it is a "Costco" resort, email me if you know)? Although there is plenty of snow and cold weather, mountain...
At first glance, 2020 looked like smooth sailing. But the National Association of Business Economists (NABE)—a respected body whose past presidents include Alan Greenspan—recently released their latest economic outlook, placing the odds of a recession in the next 18...
Yes, it is hard to believe but you, along with me and millions of others, are actually making mortgage rates go down and therefore real estate relatively less expensive. How is this possible? How are your thoughts influencing long term rates and in turn real...
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...
Although, the recent November election was an off year with few major items on the ballot, there was one big takeaway from last election that could be precedent setting for cities throughout the country. It is amazing that Airbnb spent over 4.2m on one small...
The Federal reserve dropped the federal funds rate again which wasn’t a big surprise as the market was pricing in a 96% probability of a rate cut. This is the third cut this year effectively creating a “floor” under real estate. How did the federal reserve create a...
President Trump announced the revocation of the California clean air waiver act. Regardless of where you sit on this particular issue, the impacts will be profound on States rights, on real estate and one industry in particular. Why are 33 states impacted? Which...
I’ve been hearing rumblings of this suit for months and I’m usually skeptical that lawsuits will totally alter an industry but the recent suit against the National Association of realtors, various multiple listing services, and many large real estate brokerages could...
The economic news has been wild recently with GDP soaring, consumer confidence down, and the federal reserve holding monetary policy (interest rates) steady. It is challenging to decipher what is actually going on with the economy with so many mixed messages. With...
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...
The Federal housing administration over the last several years has been quietly easing the lending standards to increase home ownership. Montgomery, the director of the FHA, did an abrupt change this month tightening standards “to maintain a better balance of...
A market indicator watched by the Fed as one of the most accurate gauges of economic health is pricing in lower rates for the first time in more than a decade. It was the first time since March 2008 the gauge, seen as a roadmap for traders’ outlook on Federal Reserve...
With 2019 coming quickly it is time for my annual real estate predictions. 2019 is shaping up to be considerably more exciting than 2018! The main economic drivers in 2019 will be the pace of rate increases from the federal reserve, market volatility, the ongoing...
I hope everyone had a great Thanksgiving. Unfortunately, the market plunge hasn’t helped get many folks into the Holiday Spirit! What is driving the recent market correction? Is this a bump or a real problem? Is this all driven by the fed? Is real estate the next...
For anyone watching the markets, it has been quite the ride. I’m feeling a bit seasick from all the motion taking place in the markets! Stocks plummet then come roaring back all within the same day. What is going on? As stocks are swooning so are 10-year treasuries...
This year has been crazy with Hurricanes, Floods, and Fires. Are you at risk? How will this impact your real estate values / costs? Even though many of the recent catastrophic events have been centered in certain regions, impacts will be felt throughout the...
Mortgage rates for a 30-year mortgage bottomed our around 3.4% in July of July of 2016. Rates recently broke through the 5% mark and the 10-year treasury just hit a 7-year high. At the same time Well’s Fargo announced it was laying off over 600 mortgage workers and...
This past week has been a rough ride with the S&P losing over 7%. Is this a minor correction or something more? President Trump says blame the “loco” fed not the China trade war. Is he correct? What are the drivers of the recent decline and what does this mean...
It has been 10 years since Lehman Brothers collapsed and the mortgage market tanked with Fannie and Freddie taken over by the US government. Have we learned any lessons from the last collapse? Is the mortgage market substantially safer than before? Who will take it...
Zillow has made two big announcements recently: 1) Zillow is expanding its “cash offers” programs to 4 cities 2) Zillow acquired mortgage lenders of America. On the surface, most people shrugged off the announcements as neither appear monumental. Why are these two...
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