Redfin plunges 26% in one day and foreshadows 4 trends shaping the 2022 and beyond real estate market. Redfin, the darling of the real estate market the last several years has plunged 45% over the last year. At the same time numerous analysists are downgrading the...
Initially when Ukraine was invaded the stock market dropped precipitously over 800 points during the day only to make a huge rebound into positive territory. What does this volatility mean for interest rates and in turn real estate? Does the invasion change the path...
When the shutdowns from the pandemic rippled through the economy, I saw statistics that up to a third of all mortgages could end in default. At the same time, home sales of previously owned homes just dropped to a 10 year low. What is going on in the housing...
The National Association of realtors last week voted to ban the use of “whisper listings”/ “Pocket listings”. The new rule will require listing brokers who are participants in a multiple listing service (MLS) to submit their listing to the MLS within one business day...
A market indicator watched by the Fed as one of the most accurate gauges of economic health is pricing in lower rates for the first time in more than a decade. It was the first time since March 2008 the gauge, seen as a roadmap for traders’ outlook on Federal Reserve...
Mortgage rates for a 30-year mortgage bottomed our around 3.4% in July of July of 2016. Rates recently broke through the 5% mark and the 10-year treasury just hit a 7-year high. At the same time Well’s Fargo announced it was laying off over 600 mortgage workers and...
This past week has been a rough ride with the S&P losing over 7%. Is this a minor correction or something more? President Trump says blame the “loco” fed not the China trade war. Is he correct? What are the drivers of the recent decline and what does this mean...
"Blockchain and cryptocurrency really has the ability to change every aspect of real estate, from titles, to lending, to the brokerage itself," said Jim Merrion, a Boulder real estate agent with Coldwell Banker. (Daily Camera). Is this true? Is cryptocurrency...
What is a government’s role in real estate whether it is mortgages, subsidized housing, flood insurance, etc… Is government really the best equipped to solve various real estate issues or should private enterprise take the lead. Has the government created a...
In just about every destination or gateway town, not only are short-term rentals squeezing the last drops out of the affordable housing supply, but more profoundly, they are threatening the very character that drew in locals—and tourists. For example, in...
I recently received a Broker Price Opinion that took the cake. A class C office was compared to a class A retail location in another city. The BPO felt the value of the property was worth over a million … this was off by over 50%. Is your BPO BS? Four tips to spot...
The Commerce Department reported GDP surged to 4.1% this past quarter from 2% the prior quarter (full article). Is this the beginning of an era of increased economic prosperity or a house of cards ready to crumble? Should you buy real estate now due to expected...
Is the bond market or federal reserve correct on the future of interest rates? Beyond 2019 there is huge disagreement. The Federal reserve has relayed that future tightening will continue, but the markets aren’t buying it. The bond market is predicting that a rate...
Residential housing starts fell 12.3%, multifamily fell 19.8%, and permits (a proxy for future builds) fell 2.2%. Furthermore a recent builder survey found that sales were “sluggish” in June (Marketwatch). What does all this mean for real estate values? Is the...
Banks are an interesting bunch. In the old days you knew your banker and you could walk in and get a loan. Those days are over. Now loans are underwritten in an offsite location by a robot with little local input. Either the loan fits in the pretty box or it...
The Federal reserve in their recent Report on Economic Well being made two very concerning discoveries: 1) 40% of all adults if faced with an unexpected expense of $400 would not be able to cover it 2) 25% of all adults are not able to pay all of their current...
I know this sounds pretty crazy that a mushroom should be your guide to real estate investing. First, put the magic mushroom down! I’m not talking about actually consuming a mushroom. Do you know the mushroom theory? I think most people would agree, the...
Dow plunged 666 points on Friday, yet the jobs report was strong. Why the selloff? Why are treasury rates on a tear? Why did mortgage rates also jump? What does this mean for real estate? Are certain real estate sectors more impacted than others? What happened?...
I wanted to wish everyone a Happy Thanksgiving. With all the craziness going on, the dinner table is going to be quite "interesting" this year. Don’t worry you are not alone, 96% of all families have some sort of dysfunctionality! To help everyone out, I wanted to...
Annoyed by the games of other lenders promising the moon only to find out later that they aren’t really lenders and can’t close? Do you have a loan that doesn’t quite fit the “box”? At Fairview we can do better and close before the Turkey gobbles. Our average close...
Unfortunately, this isn’t Willy Wonka’s chocolate factory up for grabs, but Amazon’s proposed Headquarters 2. This new factory would cost about 5 billion to build and employ about 50k highly paid tech workers. Why is the new HQ for Amazon such a big deal? Cities...
What do JPMorgan Chase, Home Depot, Michaels Stores, Target, Dairy Queen, and now Equifax all have in common? They’ve all been hacked and your info could have been compromised. If you missed the news Equifax released last week that 143 million people were impacted...
This is a bedrock of the 5th amendment that says private property can’t be taken without just compensation. So why did the federal government decide to take property at will in Texas with zero compensation. What tough choices were made that are now spawning multiple...
One home in Houston valued at 115k flooded 16 times in 18 years netting the homeowner 800k! Did you know that in highly damaged areas in Houston only 15% of property owners had flood insurance! How does Houston impact every real estate owner and taxpayer? Could the...
Phone: 866-634-1270
Email: Info@FairviewLending.com
