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…
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…
I have been saying for months that rent growth would accelerate. The numbers are in and according to Corelogic, Single-family rents were up 5.3% year over year in April, rising from a 2.4% increase in April 2020. Nationally, rent growth…
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…
With the craziness in the market, I at least wanted to ease everyone into it with a relaxing picture 🙂 I wrote last week about rate increases coming down the pipe, but like everyone else I was surprised by the…
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…
President Biden has proposed an increase in long term capital gains from their current 15-20% to 43% for the wealthiest. This would be the highest tax paid on income. What is in the new proposal? What does this proposal mean…
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.…
There is a tidal wave of distressed homeowners who will need help,” Dave Uejio, the CFPB’s acting director, said in a statement; companies “that are unable to adequately manage loss mitigation can expect the bureau to take enforcement or supervisory…
I am always amazed at how out of touch our elected officials are with what happens in the real world. The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers,…
