Weinberg told Mortgage Professional America ” the July jobs report was the turning point in how I think about where the economy is heading. After months of strong headline numbers, the report showed a sudden loss and downward revisions.”
After watching inflation pull the Fed in one direction, Weinberg wonders if the jobs data is now pulling in the other direction. While most headwinds are being dismissed as a one-off issue, he isn’t sure that’s accurate. Is this now the calm before the storm?
If you missed my recent interview with Mortgage Professional America, it is a must read. Stagflation looms as Fed missteps, rising debt, and broken jobs data pile up, lender warns. Weinberg says the eerie calm in his own portfolio, record volume and defaults holding, may be the last quiet before a very long storm
Additional Reading/Resources:
What the latest inflation upsurge means for the mortgage market | Mortgage Professional
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Glen Weinberg personally writes these weekly real estate blogs based on his real estate experience as a lender and property owner. I’m not an armchair reporter/writer. We are an actual private lender, lending our own money. We service our own loans and own commercial and residential real estate throughout the country.
My day job is and continues to be private real estate lending/ hard money lending which enables me to have a unique perspective on the market. I don’t accept any paid sponsorships or ads on my blog to ensure accurate information. I’ve been writing this for almost 20 years and have over 30k subscribers. Please like and share my blogs on linkedin, twitter, facebook, and other social media and forward to your friends 😊. I would greatly appreciate it.
Fairview is a hard money lender specializing in private money loans / non-bank real estate loans in Georgia, Colorado, and Florida. We are recognized in the industry as the leader in hard money lending/ Private Lending with no upfront fees or any other games. We fund our own loans and provide honest answers quickly. Learn more about Hard Money Lending through our free Hard Money Guide. To get started on a loan all we need is our simple one page application (no upfront fees or other games). Learn how to find a reputable hard money lender and why Fairview is the best hard money lender for investors.
Written by Glen Weinberg, COO/ VP Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in Bloomberg, Businessweek ,the Colorado Real Estate Journal, National Association of Realtors Magazine, The Real Deal real estate news, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
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