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…
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…
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…
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The…
We are at an interesting crossroads in the economy. The Federal Reserve and economic data show that the economy is very strong with consumer spending and confidence at all-time highs. At the same time the bond market is portraying a…
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…
If you missed the article in the Wall Street Journal, you need to read it. The reporter demonstrated how he went dumpster diving and resold the items on Amazon. This is not a new concept and appears to be…
Realtors are typically an optimistic bunch so I was surprised at the recent forecast out of the National Association of Realtors (NAR) predicting a 2% decline in closings next year. Mortgage rates are at historic lows and should remain low…
The National Association of realtors last week voted to ban the use of “whisper listings”/ “Pocket listings”. The new rule will require listing brokers who are participants in a multiple listing service (MLS) to submit their listing to the MLS…
According to ATTOM data, gross profit on home flipping has fallen six quarters in a row and eight of the last 10, and now stands at the lowest level since Q4 2011. At the same time the number of flips…
