NY Bans real estate fees: residents leave, will your state/city be a winner?

NY Bans real estate fees: residents leave, will your state/city be a winner?

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 with 277 people moving every day.  What are the new laws?  How...
Unemployment hits all time highs yet house prices continue to rise; Why?

Unemployment hits all time highs yet house prices continue to rise; Why?

We are in an interesting economic cycle.  In the last recession, house prices plummeted up to 60% in some areas.  We currently hit the highest unemployment rate since the great depression yet house prices continue to appreciate.  This is exactly the opposite of what...
Did the fed accidentally trigger a housing market crash?

Did the fed accidentally trigger a housing market crash?

I hope everyone is doing well in light of the recent events. I was recently asked: “Did the Federal Reserve trigger a housing market crash?” What happened?  The Coronavirus struck, the fed had to act swiftly to mitigate the damage, but by flooding the market with...
Banks intentionally lower credit scores

Banks intentionally lower credit scores

We are still lending in cash! It is amazing that the federal reserve has flooded the markets with cash enabling banks to borrower at historic rates.  Furthermore, banks are considerably healthier today than they were in 2008.  Unfortunately, this is not translating to...