Almost 10% of all government sponsored mortgages entered mortgage forbearance which accounts for almost 841 billion dollars in loans. 4 in 5 workers say they live paycheck to paycheck, with around 30 million people unemployed, the numbers could be daunting. Yet the...
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The Coronavirus has caused stock markets around the world to quickly sell off...
At first glance, 2020 looked like smooth sailing. But the National Association of Business Economists (NABE)—a respected body whose past presidents include Alan Greenspan—recently released their latest economic outlook, placing the odds of a recession in the next 18...
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 negative equity, compared with 28% five years ago and 19%...
In September, Toyota's year over year auto sales plummeted 16.5%, Honda down 14%, and Nissan down almost 18%. The severity of the slide stokes fears that a long-anticipated car sales collapse may be arriving. Why should you care about Autos in real estate? Autos are...
With recession talks all over the headlines and stock markets tumbling around the globe are you ready whenever the next real estate cycle occurs? Do you know the mushroom theory and how it can help you plan for the next cycle? I developed this theory after...
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 again. What is going on? Why are we...
BB&T agreed to buy SunTrust in the world’s biggest bank merger in a decade. This will create the sixth largest bank in the country. Bank of America CEO, Brian Moynihan predicted another round of consolidation that could produce another “megabank”. Why is this...
For anyone watching the markets, it has been quite the ride. I’m feeling a bit seasick from all the motion taking place in the markets! Stocks plummet then come roaring back all within the same day. What is going on? As stocks are swooning so are 10-year treasuries...
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