Rates cross 6%, what can the 90s tell us about the next real estate cycle?

Rates cross 6%, what can the 90s tell us about the next real estate cycle?

Most economists are convinced that there will be a recession soon, although nobody knows whether it is 3,6 or 12 months away.  The good news is that this recession should not be a repeat of 2008.  Which prior  cycle will the next recession likely represent?  Will it...
Fed hits brakes hard, largest increase since 94, Mortgage rates surge 6.3%, not all real estate is impacted equally

Fed hits brakes hard, largest increase since 94, Mortgage rates surge 6.3%, not all real estate is impacted equally

All I can say is wow. On a dime, the real estate market changed overnight.  I was predicting mortgage rates around 6% over the course of the year. The change happened in one day with rates easily cresting 6.3%!  What does this big surge in interest rates mean to real...
Prices drop 6%, what comes next?  Are you ready for a real estate reset?

Prices drop 6%, what comes next?  Are you ready for a real estate reset?

One of the world’s bubbliest real estate housing markets is tilting from sellers to buyers with dizzying speed. Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten one of the world’s hottest housing...
Foreclosure activity on the rise: Where are the highest concentrations?

Foreclosure activity on the rise: Where are the highest concentrations?

ATTOM’s just released January 2022 U.S. Foreclosure Market Report shows there were a total of 23,204 U.S. properties with foreclosure filings reported in January 2022. That figure is up 29 percent from December 2021 and 139 percent from January 2021.  Will we see a...
Foreclosure activity on the rise: Where are the highest concentrations?

Inflation slows.  Will mortgage rates stabilize or head higher?  What does this mean for real estate prices?

Where mortgage rates are heading seems to be the biggest question on everyone’s mind in real estate.  As of this writing rates were around 5.821% which is substantially higher than any economists had predicted even a few months ago.  What is causing the jump in...
Used car prices predicted to drop 30%, when? Impact on economy and real estate

Used car prices predicted to drop 30%, when? Impact on economy and real estate

Who would have ever thought that used car prices would increase?  A 10 year old car has appreciated 94% since the pandemic supply chain woes occurred.  Unfortunately, what goes up will come down.  When will the used car bubble pop?  Why is the outcome of the auto...