Inflation continues hot, 100% chance of recession in 12 months, what can past cycles tell us about real estate now and in the future?

Inflation continues hot, 100% chance of recession in 12 months, what can past cycles tell us about real estate now and in the future?

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...
Ibuyers get crushed, Opendoor plunges

Ibuyers get crushed, Opendoor plunges

“Our model really works in upmarkets, it’s going to work in flat markets, it’s going to work in downmarkets,” chief financial officer Carrie Wheeler told analysts just 6 short months ago.  Unfortunately today this statement could not be further from the...
Fannie-Mae-sees-dark-days-ahead-for-the-housing-market;

Fannie-Mae-sees-dark-days-ahead-for-the-housing-market;

It will get much worse for the housing market and the mortgage industry. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. Federal Reserve chairman Powell recently threw even more cold water on their...
Prices fall 6%, closings slip to lowest since 2015, what does this mean for 22-23?

Prices fall 6%, closings slip to lowest since 2015, what does this mean for 22-23?

  Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers.  From June through August, prices usually decline about 2%, but this year they have fallen about 6%.  At the same time, mortgage rates hit highs of around 6.4%. ...
Where is inflation heading and why? What does this mean for real estate?

Where is inflation heading and why? What does this mean for real estate?

Once again, the recent CPI report came in much higher than expected.  Why did the market drastically miss this prediction?  I’m not even an economist and figured out months ago inflation would be higher for longer as everything I buy from groceries, dining out,...
Blackstone halts purchases in 38 cities, Ibuyers slam on the brakes

Blackstone halts purchases in 38 cities, Ibuyers slam on the brakes

Wow, what a difference a few months makes.  Earlier in the summer, basically any property with 4 walls had multiple offers and prices were on a tear.  Fast Forward a few months and Blackstone, one of the largest buyers of residential rental homes, is pausing...