As a private lender, my call volume and closings the first quarter have been off the charts as borrowers fall out of more conventional products. This trend is now playing out with the Mortgage Credit Availability Index showing substantial tightening of credit for all...
We are looking for a full-time associate in our fast-paced commercial lending office in Sandy Springs, Georgia; this is not a remote position. This position will focus on loan servicing and light accounting. QuickBooks experience required. Real Estate/Banking...
Wow, a few weeks ago rates had fallen from a peak of over 7% to almost 6%. Unfortunately the party was short lived as rates are now heading much higher. The recent jobs report was another blow out upping the odds of another half point increase at the next Fed...
We are looking for a full-time associate in our fast-paced commercial lending office in Sandy Springs, Georgia; this is not a remote position. This position will focus on loan servicing and light accounting. QuickBooks experience required. Real Estate/Banking...
Over 48 hours two banks failed for very different reasons. There is a saying in banking that when rates rise and easy money runs out, we will find the skeletons that have been lurking in plain sight. Are we in for a 2008 rerun? What caused the sudden...
In only a couple of months, the world has changed substantially. In December, inflation was supposedly decreasing rapidly and the odds of a soft landing were non existent. Fast forward a few months and inflation is running hot, consumers are spending like crazy,...
Beginning in March of 2023, Freddie Mac, the largest buyer of mortgages is drastically changing the seasoning requirements for any loans it purchases which basically means any new conventional conforming loan will have to follow the new rules. What big changes are...
Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the Congressional Budget Office study. Furthermore, nearly 40 percent of...
The market currently has a fixation on interest rates. Essentially whatever interest rates do the market reacts accordingly. For example if rates rise, sales fall and vice versa. Are rates really the driver of the slow down in real estate sales? If rates...
I rarely say that Covid caused radical changes in behavior but the commercial property sector is bucking this trend. This is not because of return to office or lack thereof, but leverage and the central bank. In every cycle in recent memory as the economy started to...
It is no secret that rent has skyrocketed throughout the country. Nationally rental growth peaked at 17.45% year over year in March of 2022. Some markets like NY and FL have exceeded over 31% rent growth annually. What are the three causes of huge jumps in rents?...
I’m usually skeptical that lawsuits will totally alter an industry but the recent suit against the National Association of realtors, various multiple listing services, and many large real estate brokerages could be a bombshell. The U.S. Supreme Court on Monday...
Data from AirDNA, a short-term rental analytics firm, show as of October 2022, the number of future nights booked—a real-time indicator of the health of the short-term rental industry—was up 15.8% year-over-year. At the same time, anyone in the short-term rental...
It has been a wild ride in the treasury market. Rates spiked to 7.5%, but recently have plummeted back to below 6%? Now they are rising again. What does this mean for real estate sales? Will the lower rates be enough to turn around the slowing market? Will rates...
US commercial real estate prices have plunged 13% from a peak this year, the biggest drop since the global financial crisis of 2008. What is causing the decline in commercial property prices. Is this a blip or will the slide in commercial property prices worsen in...
I hope everyone is having a happy holiday season. Before getting into my predictions for next year, there are three crucial factors to discuss that will shape the real estate market in 2023 and beyond: Interest rates, inflation, and consumer sentiment. All three are...
There is definitely allot of doom and gloom heading into 23 with interest rates double their lows, inventory increasing, and prices coming off their highs. In every cycle there will be winners and losers. Where will the real estate opportunities be? Are their certain...
In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update. On the flip side the most recent federal reserve economic commentary classifies the current...
Since Covid it seems like traditional patterns have been broken. I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now? Is a bear walking around in the snow a sign (zoom in...
We are in a new paradigm for real estate. With talks of a recession getting louder, what does this mean for real estate. In 2008/9 real estate was radically different than today. Companies like VRBO and Airbnb were not even around. How will the next recession be...
The federal reserve bank of NY recently published a report showing consumer debt jumping to the highest levels ever recorded with every category growing from mortgages, autos, credit cards, lines of credit, etc… Is some consumer debt better/worse than others for the...
The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory. How accurate is this theory? What is the...
The federal government is about to back mortgages over one million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac is expected to jump sharply in 2023, a reflection of the rapid appreciation in home prices...
There is pretty much a universal theme that there will be a recession in the future. It is like saying that it might rain sometime in the next month. It doesn’t help you much without knowing approximately when it will rain and if it will be a light sprinkle or turn...
As a private lender, my call volume and closings the first quarter have been off the charts as borrowers fall out of more conventional products. This trend is now playing out with the Mortgage Credit Availability Index showing substantial tightening of credit for all...
We are looking for a full-time associate in our fast-paced commercial lending office in Sandy Springs, Georgia; this is not a remote position. This position will focus on loan servicing and light accounting. QuickBooks experience required. Real Estate/Banking...
Wow, a few weeks ago rates had fallen from a peak of over 7% to almost 6%. Unfortunately the party was short lived as rates are now heading much higher. The recent jobs report was another blow out upping the odds of another half point increase at the next Fed...
We are looking for a full-time associate in our fast-paced commercial lending office in Sandy Springs, Georgia; this is not a remote position. This position will focus on loan servicing and light accounting. QuickBooks experience required. Real Estate/Banking...
Over 48 hours two banks failed for very different reasons. There is a saying in banking that when rates rise and easy money runs out, we will find the skeletons that have been lurking in plain sight. Are we in for a 2008 rerun? What caused the sudden...
In only a couple of months, the world has changed substantially. In December, inflation was supposedly decreasing rapidly and the odds of a soft landing were non existent. Fast forward a few months and inflation is running hot, consumers are spending like crazy,...
Beginning in March of 2023, Freddie Mac, the largest buyer of mortgages is drastically changing the seasoning requirements for any loans it purchases which basically means any new conventional conforming loan will have to follow the new rules. What big changes are...
Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the Congressional Budget Office study. Furthermore, nearly 40 percent of...
The market currently has a fixation on interest rates. Essentially whatever interest rates do the market reacts accordingly. For example if rates rise, sales fall and vice versa. Are rates really the driver of the slow down in real estate sales? If rates...
I rarely say that Covid caused radical changes in behavior but the commercial property sector is bucking this trend. This is not because of return to office or lack thereof, but leverage and the central bank. In every cycle in recent memory as the economy started to...
It is no secret that rent has skyrocketed throughout the country. Nationally rental growth peaked at 17.45% year over year in March of 2022. Some markets like NY and FL have exceeded over 31% rent growth annually. What are the three causes of huge jumps in rents?...
I’m usually skeptical that lawsuits will totally alter an industry but the recent suit against the National Association of realtors, various multiple listing services, and many large real estate brokerages could be a bombshell. The U.S. Supreme Court on Monday...
Data from AirDNA, a short-term rental analytics firm, show as of October 2022, the number of future nights booked—a real-time indicator of the health of the short-term rental industry—was up 15.8% year-over-year. At the same time, anyone in the short-term rental...
It has been a wild ride in the treasury market. Rates spiked to 7.5%, but recently have plummeted back to below 6%? Now they are rising again. What does this mean for real estate sales? Will the lower rates be enough to turn around the slowing market? Will rates...
US commercial real estate prices have plunged 13% from a peak this year, the biggest drop since the global financial crisis of 2008. What is causing the decline in commercial property prices. Is this a blip or will the slide in commercial property prices worsen in...
I hope everyone is having a happy holiday season. Before getting into my predictions for next year, there are three crucial factors to discuss that will shape the real estate market in 2023 and beyond: Interest rates, inflation, and consumer sentiment. All three are...
There is definitely allot of doom and gloom heading into 23 with interest rates double their lows, inventory increasing, and prices coming off their highs. In every cycle there will be winners and losers. Where will the real estate opportunities be? Are their certain...
In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update. On the flip side the most recent federal reserve economic commentary classifies the current...
Since Covid it seems like traditional patterns have been broken. I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now? Is a bear walking around in the snow a sign (zoom in...
We are in a new paradigm for real estate. With talks of a recession getting louder, what does this mean for real estate. In 2008/9 real estate was radically different than today. Companies like VRBO and Airbnb were not even around. How will the next recession be...
The federal reserve bank of NY recently published a report showing consumer debt jumping to the highest levels ever recorded with every category growing from mortgages, autos, credit cards, lines of credit, etc… Is some consumer debt better/worse than others for the...
The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory. How accurate is this theory? What is the...
The federal government is about to back mortgages over one million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac is expected to jump sharply in 2023, a reflection of the rapid appreciation in home prices...
There is pretty much a universal theme that there will be a recession in the future. It is like saying that it might rain sometime in the next month. It doesn’t help you much without knowing approximately when it will rain and if it will be a light sprinkle or turn...
