Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record. Just 30% of all consumers cited favorable home buying conditions, the lowest level since September 1982. What does this change in attitude mean for…
The Federal Reserve has bought $982 billion of the mortgage bonds since March 5, 2020. As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities…
A few months ago, Zillow agreed to buy ShowingTime, the largest and most widely used platform by realtors to schedule residential tourings and provide feedback to the listing agents. The platforms is integrated with most multiple listing services throughout the…
It is usually not a good sign when Fed Vice Chairman Richard Clarida said after the consumer price index report “I was surprised”. I am not sure what rock people are living under, but everything has increased in price from…
There is a tidal wave of distressed homeowners who will need help,” Dave Uejio, the CFPB’s acting director, said in a statement; companies “that are unable to adequately manage loss mitigation can expect the bureau to take enforcement or supervisory…
For the first time in a year, since Covid-19 began spreading across the United States forcing Americans to stay home, retail alcohol sales have fallen almost 2%. Why the change in alcohol sales? No, people are not consuming less…
Over 50% of workers are 100% remote with another 20% sometimes working remotely due to the pandemic. Will this trend reverse this year with the rollout of the vaccine? How will this impact real estate in the short term and…
The Coronavirus has impacted businesses throughout the economy and real estate is not immune from the radical changes caused by social distancing and lockdowns. How will the real estate industry adapt to the changes? What does this mean for the…
I was amazed that there hasn’t been much fanfare about Costar’s recent purchase. Costar is the largest commercial property data company (Loopnet, Costar, Apartment.com, etc…) with a market cap of 35 billion dollars. The Homesnap purchase is an indicator of…
What a year 2020 has been! The pandemic struck, unemployment has hit records, there was a nice rebound in the summer, and recently a downward trend due to the spike in Coronavirus cases. What does 2021 hold for the economy,…
