From NY to LA cities have been clamoring as expenditures have continued to outpace revenue. The easy fix is now the “mansion tax” to force the wealthy to pay more without impacting “ordinary” taxpayers. Sounds like a great solution until the real data comes in. ...
Last week I asked all of you: Will house prices defy the odds and actually increase? The real estate pros have spoken, the majority think (600%) think that real estate prices will fall, while 20% felt no impact on prices and 20% think that real estate...
The consensus among major economists is that there will be a slight reset in house prices primarily due to higher interest rates. We are already seeing this with the median home price (chart above). Even with rates staying high, are the economists wrong and will we...
IRS data show that taxpayers keep fleeing high tax states; should you follow the wealthy residents with your real estate investing? Is the sudden shift in residents to lower cost states a blip or a new trend? Take a look at the two charts below, what is the...
At the beginning of the year, the consensus was that rates would fall below 6%, fast forward and rates are now at or close to 7% with the 10 year treasury surging to a 19 year high. At the same time the real estate market is like two stuck bulls with neither buyers...
I think most real estate pros would agree that the recent run up in prices in many areas throughout the country is concerning. Are there leading indicators of what could be to come? Take a look at charts of two high end ski towns Aspen and Telluride, CO from...
As I was hiking with my family almost at treeline in Colorado, one of my dogs suddenly went on point. To our surprise there was a brown bear sauntering through the field (sorry looks like a brown sheep as we are a good distance away on a ridge). In 30 years we...
With rising insurance costs and litigation HOAs across the country are coming under pressure financially. This is leading to more HOAs declaring bankruptcy. Why is a recent lawsuit against an HOA so important? What does this mean for property owners? What are the...
The May inflation report is in, rising to the highest level in 3 years. Look at the chart above, out of nowhere yields have surged to almost 20-year highs and predictions exceeding 6%. The market is suddenly catching on that we have an inflation...
Zillow’s stock has plunged, losing 65% of its value over the last 5 years. To put this in perspective, the Nasdaq 100 has doubled during this same period. Why is Zillow, who was once an internet darling, now falling precipitously? What does this mean...
Last week I asked all of you “Will the Compass Lawsuit with Zillow radically alter the way real estate is bought and sold in the United States?” The real estate pros have spoken and as you can see from the chart, the vote was pretty close 55% saying there would be a...
President Trump recently announced a new ban on large investors buying single family homes. Ironically this bill is almost identical to what Biden/Harris had proposed a few years ago but with a new twist that will radically alter the housing markets. Large...
As I was walking on a snow covered trail, I found a blaze orange sweatshirt. WTF, who loses something like this and doesn’t even notice? It made me start thinking, has the person lost their mind? Has the economy lost its mind? Look at three charts below: Gold,...
President Trump recently announced a new ban on large investors buying single family homes. Ironically this bill is almost identical to what Biden/Harris had proposed a few years ago. Why the interest in banning investors from purchasing single family homes? ...
Who would every imagine that British Columbia, Canada would eliminate private property rights costing property owners billions of dollars. What was the bombshell ruling? Why is it almost impossible for anyone to buy or sell in Canada? What does this mean for US...
First, Happy Thanksgiving. I hope everyone has a great holiday season. As you sit around the table this year, there is plenty to talk about and debate (including this blog ). Check out the screenshot above of the headlines on Bloomberg. Depending on which headline...
Last week in my blog, Heavy trucks signal a recession, I asked all of you what happens to the economy one year from now? I was floored by the response. The real estate pros have spoken and as you can see from the chart above, the majority (39%) think...
In this past election, one state passed an updated law that disallows certain non residents from buying property. What was in the law? What state passed it? What was the huge change since 2023? What does this mean for buying real estate in certain states? Can a...
In a surprise move, Rocket mortgage is acquiring the real estate brokerage company Redfin for 1.8 billion. Why is a mortgage company interested in a real estate broker? What does this mean for realtors, consumers, and competitors? Will this purchase...
Are the bulls running or are the bears coming? Any business media you pick up is harping on the idea of a “recession watch” and the economy is basically coming to an end! On the flip side my proprietary lending data is giving me a radically different answer. What...
For years, myself, and many others have thought that interest rates were the predictor of housing prices. Fast forward to post COVID where interest rates have doubled and yet housing prices remain high and are still trending higher in many markets. What other...
Fannie Mae, one of the largest buyers of residential mortgages has some profound predictions. Will house prices continue their upward trend through 2030? How accurate are the predictions below? How can house prices continue in such a linear fashion? Will...
When I was writing this article mortgage rates were hovering right around 7%. At the same time economists had been predicting a sharp decline in mortgage rates and a booming 2024 real estate market as the fed has cut rates. On the other hand, the chart above...
The chief economist of the National Association of Realtors, Lawrence Yun, has released his 2025 and 2026 predictions for residential real estate and they were a huge surprise. What is Yun predicting for real estate prices, interest rates, and appreciation? How...
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