As part of a debt-ceiling agreement forged by President Joe Biden and House Speaker Kevin McCarthy, monthly student loan bills will resume September first. What does the restarting of student loans mean for real estate, interest rates, and the overall…
Lawmakers introduced a bill Tuesday aimed at curtailing investor activity in the housing market that they say is driving up home prices. The Stop Predatory Investing Act is targeting single family investors. What is in the newly proposed bill and how will…
Beginning in March of 2023, Freddie Mac, the largest buyer of mortgages is drastically changing the seasoning requirements for any loans it purchases which basically means any new conventional conforming loan will have to follow the new rules. What big…
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 be a bombshell. The U.S. Supreme Court on…
It has been a wild ride in the treasury market. Rates spiked to 7.5%, but recently have plummeted back to below 6%? Now they are rising again. What does this mean for real estate sales? Will the lower rates be…
Since Covid it seems like traditional patterns have been broken. I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now? Is a bear walking…
The federal reserve bank of NY recently published a report showing consumer debt jumping to the highest levels ever recorded with every category growing from mortgages, autos, credit cards, lines of credit, etc… Is some consumer debt better/worse than others…
It will get much worse for the housing market and the mortgage industry. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. Federal Reserve chairman Powell recently threw…
First, the pic above was the leading picture for a listing I looked at. I guess they were stressing the work from home conveniences in the office Unfortunately this could lead to some “interesting” conversations with coworkers. With the back…
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market -…