With 2019 coming quickly it is time for my annual real estate predictions. 2019 is shaping up to be considerably more exciting than 2018! The main economic drivers in 2019 will be the pace of rate increases from the federal reserve, market volatility, the ongoing...
Treasury Secretary Steve Mnuchin said on twitter: “Today I convened individual calls with the CEOs of the nation’s six largest banks,” and he will have the first meeting of the “plunge protection” team Monday. Just a little advice to whomever picked the name, it doesn’t provide a warm and fuzzy feeling! What is the “plunge protection team”? Who are the members? Why is being called upon now? This team last met in 2009 during the waning days of the last recession. Is this an indication of something larger?
I hope each of you and your families have a happy and healthy holiday season. For all of you traveling this holiday season have safe travels and pack your sense of humor especially if you are behind this guy. I’d like to give an official shout out to Matt Botten (pictured above). He didn’t want to pay the baggage fee so decided to wear all his clothes on his trip home . Imagine being behind him going through security, you think removing your shoes is an ordeal, how about 10 jackets and 8 pairs of pants!
Headlines rarely tell the full story. The Federal reserve made a U-turn and markets roared then tanked. Why? Is this really good news? What does this mean for rates? How will this impact real estate? “Interest rates are still low by historical standards, and...
Contract signings to purchase previously-owned U.S. homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling. New homes sales also tumbled 8.9% in October. On the...
Would you take the bet? I wouldn’t suggest it as we’ve seen this party before. As I’ve mentioned before the number one determinant of a default is leverage. This is obvious, yet our wonderful federal government doesn’t seem to grasp this concept. For a government...
I hope everyone had a great Thanksgiving. Unfortunately, the market plunge hasn’t helped get many folks into the Holiday Spirit! What is driving the recent market correction? Is this a bump or a real problem? Is this all driven by the fed? Is real estate the next...
As Thanksgiving week begins, there was a surprising economic report just released. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to 60, according to a report Monday. That compared with the median estimate...
The Commerce Department reported GDP surged to 3.5%, well above most median economic estimates (full article). Is this the beginning of an era of increased economic prosperity? Will GDP continue to increase? Why is GDP increasing while housing stocks have tanked...
Don't want to wait for a decision until you are stuffed with Turkey. 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...
Regardless of which party you wanted to win, it could always be worse if you got beaten in an election by a dead guy… in NV a Brothel owner who was deceased still won against his competitor for a state seat!(ABC news) What does the midterm election mean for real...
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...
Analysts at Goldman Sachs Group Inc. recently announced that commercial properties are overvalued by 16%. Shortly after Wells Fargo Chief Executive Officer Tim Sloan went on television, saying some deals looked “frothy” and that his bank was pulling back....
This year has been crazy with Hurricanes, Floods, and Fires. Are you at risk? How will this impact your real estate values / costs? Even though many of the recent catastrophic events have been centered in certain regions, impacts will be felt throughout the...
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...
Accurate data is critical to make the right decisions in commercial real estate. If you’ve missed the news, Costar bought Loopnet and their key competitor declared bankruptcy. In the past you could access inexpensive property comparables through Loopnet for about...
It has been 10 years since Lehman Brothers collapsed and the mortgage market tanked with Fannie and Freddie taken over by the US government. Have we learned any lessons from the last collapse? Is the mortgage market substantially safer than before? Who will take it...
"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...
Zillow has made two big announcements recently: 1) Zillow is expanding its “cash offers” programs to 4 cities 2) Zillow acquired mortgage lenders of America. On the surface, most people shrugged off the announcements as neither appear monumental. Why are these two...
President Donald Trump said he expected Jerome Powell to be a cheap-money Fed chairman and lamented to wealthy Republican donors at a Hamptons fundraiser on Friday that his nominee instead had raised interest rates, according to people present. This is his most...
Less relocation impacts real estate investments. About 3.5 million workers relocated for a new job last year, a 10% drop from 3.8 million in 2015. The current relocation rate of 10 percent is 72 percent lower than in the mid-to-late 1980s. The average annual...
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...
With 2019 coming quickly it is time for my annual real estate predictions. 2019 is shaping up to be considerably more exciting than 2018! The main economic drivers in 2019 will be the pace of rate increases from the federal reserve, market volatility, the ongoing...
Treasury Secretary Steve Mnuchin said on twitter: “Today I convened individual calls with the CEOs of the nation’s six largest banks,” and he will have the first meeting of the “plunge protection” team Monday. Just a little advice to whomever picked the name, it doesn’t provide a warm and fuzzy feeling! What is the “plunge protection team”? Who are the members? Why is being called upon now? This team last met in 2009 during the waning days of the last recession. Is this an indication of something larger?
I hope each of you and your families have a happy and healthy holiday season. For all of you traveling this holiday season have safe travels and pack your sense of humor especially if you are behind this guy. I’d like to give an official shout out to Matt Botten (pictured above). He didn’t want to pay the baggage fee so decided to wear all his clothes on his trip home . Imagine being behind him going through security, you think removing your shoes is an ordeal, how about 10 jackets and 8 pairs of pants!
Headlines rarely tell the full story. The Federal reserve made a U-turn and markets roared then tanked. Why? Is this really good news? What does this mean for rates? How will this impact real estate? “Interest rates are still low by historical standards, and...
Contract signings to purchase previously-owned U.S. homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling. New homes sales also tumbled 8.9% in October. On the...
Would you take the bet? I wouldn’t suggest it as we’ve seen this party before. As I’ve mentioned before the number one determinant of a default is leverage. This is obvious, yet our wonderful federal government doesn’t seem to grasp this concept. For a government...
I hope everyone had a great Thanksgiving. Unfortunately, the market plunge hasn’t helped get many folks into the Holiday Spirit! What is driving the recent market correction? Is this a bump or a real problem? Is this all driven by the fed? Is real estate the next...
As Thanksgiving week begins, there was a surprising economic report just released. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to 60, according to a report Monday. That compared with the median estimate...
The Commerce Department reported GDP surged to 3.5%, well above most median economic estimates (full article). Is this the beginning of an era of increased economic prosperity? Will GDP continue to increase? Why is GDP increasing while housing stocks have tanked...
Don't want to wait for a decision until you are stuffed with Turkey. 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...
Regardless of which party you wanted to win, it could always be worse if you got beaten in an election by a dead guy… in NV a Brothel owner who was deceased still won against his competitor for a state seat!(ABC news) What does the midterm election mean for real...
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...
Analysts at Goldman Sachs Group Inc. recently announced that commercial properties are overvalued by 16%. Shortly after Wells Fargo Chief Executive Officer Tim Sloan went on television, saying some deals looked “frothy” and that his bank was pulling back....
This year has been crazy with Hurricanes, Floods, and Fires. Are you at risk? How will this impact your real estate values / costs? Even though many of the recent catastrophic events have been centered in certain regions, impacts will be felt throughout the...
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...
Accurate data is critical to make the right decisions in commercial real estate. If you’ve missed the news, Costar bought Loopnet and their key competitor declared bankruptcy. In the past you could access inexpensive property comparables through Loopnet for about...
It has been 10 years since Lehman Brothers collapsed and the mortgage market tanked with Fannie and Freddie taken over by the US government. Have we learned any lessons from the last collapse? Is the mortgage market substantially safer than before? Who will take it...
"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...
Zillow has made two big announcements recently: 1) Zillow is expanding its “cash offers” programs to 4 cities 2) Zillow acquired mortgage lenders of America. On the surface, most people shrugged off the announcements as neither appear monumental. Why are these two...
President Donald Trump said he expected Jerome Powell to be a cheap-money Fed chairman and lamented to wealthy Republican donors at a Hamptons fundraiser on Friday that his nominee instead had raised interest rates, according to people present. This is his most...
Less relocation impacts real estate investments. About 3.5 million workers relocated for a new job last year, a 10% drop from 3.8 million in 2015. The current relocation rate of 10 percent is 72 percent lower than in the mid-to-late 1980s. The average annual...
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...
