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...
recession impact on real estate
How a recession affects real estate: investor rules, recession indicators and what has happened to property values in past downturns.
Trump forces investors to sell properties pulls floor from house prices
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...
Trump bans investors pulls floor from house prices
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? ...
What happens to the economy one year from now? Is there an upside surprise?
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...
My recession indicator flashing green: ready for bulls or bears
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...
Who is better for real estate Harris or Trump ?
Wow, it is amazing how quickly tides have changed. Look at the chart above of the betting market on the next presidential election right after the assassination attempt. Fast forward and another twist happened over the weekend with President Biden stepping...
Job gains shatter expectation; impact on real estate
The economists forecasting the jobs data missed big time, with the recent jobs report almost double their predictions. Why is job growth still surging while interest rates hit 20 year highs. What does this mean for future interest rate increases? Does this change...
How will student loan restart impact real estate
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 economy? How...
Soft landing, brace for a much better spring real estate market
In only a couple of months, the world has changed substantially. In December, inflation was supposedly decreasing rapidly and the odds of a soft landing were non existent. Fast forward a few months and inflation is running hot, consumers are spending like crazy,...
Big changes to Freddie seasoning requirements: how will this impact the housing market
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 changes are...
Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…
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 around in the snow a sign (zoom in...
Trucking hits the Brakes; what does this mean for real estate?
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 - are skidding. Why are trucking rates...
Rates cross 6%, what can the 90s tell us about the next real estate cycle?
Most economists are convinced that there will be a recession soon, although nobody knows whether it is 3,6 or 12 months away. The good news is that this recession should not be a repeat of 2008. Which prior cycle will the next recession likely represent? Will it...















