Loan costs for second homes, rentals to spike under new Fannie/Freddie rule

Loan costs for second homes, rentals to spike under new Fannie/Freddie rule

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...
Zillow gets into the dating game: Your Zestimate is now a cash offer

Zillow gets into the dating game: Your Zestimate is now a cash offer

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...
BOA predicts a housing “mother of all asset bubbles”      

BOA predicts a housing “mother of all asset bubbles”      

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...
Urban Real Estate: Violent crime skyrockets; gentrification reverses.

Urban Real Estate: Violent crime skyrockets; gentrification reverses.

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...
“this time is different” Vaccines rollout, good news abounds, 75% probability you are wrong

“this time is different” Vaccines rollout, good news abounds, 75% probability you are wrong

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...
Treasury yields jump to highest since March. What does the GA senate race mean for real estate?

Treasury yields jump to highest since March. What does the GA senate race mean for real estate?

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...