Rocket mortgage acquires redfin, what does this mean for real estate?

Rocket mortgage acquires redfin, what does this mean for real estate?

  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...
One of most controversial property tax measure in the country passed

One of most controversial property tax measure in the country passed

      This newest property tax measure that passed has been deemed the most controversial in the US.  What was in the new measure?  What state (hint it wasn’t a far right or left state)passed a controversial law to protect private property rights...
Does the stock market predict real estate prices?

Does the stock market predict real estate prices?

  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...
Upper income spending drops, what does this mean for real estate

Upper income spending drops, what does this mean for real estate

Higher income consumers are showing signs of stress.  Look at the chart above, from the peak in 2022 higher end consumers intent to spend has dropped almost 25%.  What does the chart mean for real estate and the general economy?  Why focus on higher end consumers?...
Global Real Estate Market Faces $175 Billion Debt Spiral: survive until 25

Global Real Estate Market Faces $175 Billion Debt Spiral: survive until 25

  The bank mantra over the last 3 years has been survive until 2025.  2025 is when bankers were predicting a sharp decline in rates that would ultimately bail out the beleaguered commercial property market.  Here we are at the dawn of 2025 and 10 year treasuries and...
Will Mortgage rates stay higher forever?

Will Mortgage rates stay higher forever?

  Wow, 2024 was definitely a surprise, at the beginning of the year, there were huge predictions of a rapid decline in rates, fast forward to 2025 and now rates are actually rapidly increasing even after the federal reserve cut short term rates.  Why are rates...