Looks like we should have smooth sailing in 2020, but the National Association of Business economists (NABE), the premier professional association for business economists counting Alan Greenspan as their past president, just released their business outlook predictions placing the odds…
After years of increasing credit scores, FICO, the fico credit score used by the majority of lenders, has done an abrupt shift. FICO Score changes in how the most widely used credit score in the U.S. is calculated will make…
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…
As the economy shrugs off recession fears with unemployment hovering near record lows and the stock market continuing to heat up there is one major byproduct that could be impacted, mortgage rates. There was a ton of bad news…
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…
Yes, it is hard to believe but you, along with me and millions of others, are actually making mortgage rates go down and therefore real estate relatively less expensive. How is this possible? How are your thoughts influencing long term…
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…
Happy Holidays to you and your family. With 2019 coming to an end quickly it is time for my 2020 real estate market predictions. 2020 is shaping up to be considerably more exciting than 2019 economically speaking! The main economic…
The jobs report last week was a welcome surprise beating expectations with 266k jobs created, almost 50% more than expectations. This is the lowest jobless rate since 1969 underpinning a strong consumer that continues to spend and drive the bull…
The two largest purchases by consumers are houses and cars. Cars are starting to look like the prior housing debacle. Some 33% of people who traded in cars to buy new ones in the first nine months of 2019 had…
