Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any impending actions until March of...
Did housing market pull a V and defy all odds?

Did housing market pull a V and defy all odds?

Happy summer to everyone, hopefully you are taking some time to get outside with your friends and family to de stress .  Last week, I wrote about the general economy not following a V shaped economic pattern, which I still believe, but housing seems to be marching to...
Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

2020 was already tough for real estate, then Coronavirus hit, what is the impact?

We are still funding in cash.  Before the Pandemic, the United States economy was on track with the longest running bull market, record low inflation wages increasing, record low unemployment, and historically low mortgage rates.  Even with all this good news, there...
NY Bans real estate fees: residents leave, will your state/city be a winner?

NY Bans real estate fees: residents leave, will your state/city be a winner?

NY city is changing the real estate game implementing a ban on the NYC rental broker fee and making a host of other changes.  At the same time New York leads all U.S. metro areas as the largest net loser with 277 people moving every day.  What are the new laws?  How...
How to Invest in ski real estate: Are you a Costco or Walmart investor?

How to Invest in ski real estate: Are you a Costco or Walmart investor?

    It is ski time in the Rocky Mountains with over 250 inches in many of the resort communities.  Do you know where the picture was taken (hint it is a “Costco” resort, email me if you know)?  Although there is plenty of snow and cold weather,...