Fannie Mae, the largest buyer of mortgages in the US, just made some bold predictions about not only housing, but an upcoming recession. Their new predictions are a rapid departure from just a few months ago. What does Fannie Mae…
It has been quite the year for the stock market. As I am writing this blog, the market has already plunged 10% to kick off the year. Morgan Stanley just warned that stocks are more overvalued than the tech bubble. …
President Biden has proposed an increase in long term capital gains from their current 15-20% to 43% for the wealthiest. This would be the highest tax paid on income. What is in the new proposal? What does this proposal mean…
Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful. One of the key takeaways from the last recession is that risks lurk in…
Vail recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat. With prices not increasing, how are visits down yet revenue still flat? What does this have to…
The ink was barely dry on Wall Street’s 2020 outlooks when the first case surfaced in China. A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20, when a slide…
The economy is currently in a “transition” phase. To determine if the sun is setting on our current cycle, it is critical to watch for leading indicators of where we might be heading. One of the strongest predictors of…
I wanted to wish each of you a Happy 4th of July. I know the picture above is not what you would expect from a 4th of July e-mail. It is a picture of my windshield after a chance encounter.…
Recently the news has been overwhelming. Originally there was a deal with China then there wasn’t; now China is referring to the trade differences as a trade war. The US markets sold off and then they recovered then sold off…
The National Association of Realtors came out with their 2019 forecast saying: “the economy is "good." And noted that we have low unemployment, record high job openings, historically low jobless claims, job additions for eight straight years and wages beginning…