According to ATTOM data, gross profit on home flips have fallen six quarters in a row and eight of the last 10, and now stand at the lowest level since Q4 2011. At the same time the number of flips across the…
The Federal reserve dropped rates 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…
In September, Toyota’s year over year auto sales plummeted 16.5%, Honda down 14%, and Nissan down almost 18%. The severity of the slide stokes fears that a long-anticipated car sales collapse may be arriving. Why should you care about Autos…
It is interesting to watch the release of indexes like the Case Schiller on a regular basis. Many of the same cities continue to pop up like Atlanta and Denver. Why? What continues to drive markets like Atlanta and Denver? …
With recession talks all over the headlines and stock markets tumbling around the globe are you ready whenever the next real estate cycle occurs? Do you know the mushroom theory and how it can help you plan for the…
California recently passed a bill (AB5) to target “gig workers” like Lyft and Uber drivers to ensure they are classified as full time employees as opposed to contract workers but there will be other side effects. This law will…
It is crazy, the last real estate crisis was 10 years ago and the government is still debating what to do with Fannie/Freddie, the largest securitizers of 30 year fixed mortgages. Why are we still debating the governments role in…
The National Association of Business economists (NABE), the premier professional association for business economists counting Alan Greenspan as their past president, just released their business outlook predictions placing the odds of a recession in the next two years at 72%. …
Recently the news has been overwhelming on the China front. Last week there was a trade meeting surrounded by fanfare, then there were the tweets from the president announcing more tariffs. The US markets plunged losing 2% in one day…
It was only a matter of time before the largest seller of almost anything entered the real estate market. Amazon announced it’s new program, Turnkey. This program partners with Realogy (owner of Sothebys, Coldwell Banker, etc..) to funnel potential…
