Will the herd drive real estate prices

Will the herd drive real estate prices

  Over the last several years, I’ve given various statistics from inventory, absorption rates, closings, consumer confidence, mortgage rates, etc… to provide guidance on where the real estate market is heading.  Unfortunately there is one variable that I am now...
Why are mortgage rates rising when they should be falling?

Why are mortgage rates rising when they should be falling?

The chart above is very surprising.  When the market is predicting a slowdown or a recession, gold typically rises and treasuries also rise, typically in tandem.  The exact opposite is happening now as bond prices are falling and yields are rapidly increasing in the...
Marry, the house, date the rate, ready for a shotgun wedding

Marry, the house, date the rate, ready for a shotgun wedding

  In almost every real estate advertisement I receive, there is a common theme that prospective buyers should not focus on the rate as they will be able to refinance relatively soon at a much lower rate.  How true is this theory?  (hint anyone who bought into...
Will Mortgage rates stay higher forever?

Will Mortgage rates stay higher forever?

  Wow, 2024 was definitely a surprise, at the beginning of the year, there were huge predictions of a rapid decline in rates, fast forward to 2025 and now rates are actually rapidly increasing even after the federal reserve cut short term rates.  Why are rates...