New plan for government to offer 25k to homebuyers

New plan for government to offer 25k to homebuyers

A new plan unveiled by candidate Harris aims to provide up to 25k to every first time homebuyer for a downpayment.  Like many of you when I heard the news, I did a double take.  What is in the plan?  Will the proposed plan increase or decrease house prices?  Who pays...
Fed cuts rates half percentage, Why did mortgage rates rise?

Fed cuts rates half percentage, Why did mortgage rates rise?

The market was anticipating a much smaller cut by the federal reserve as inflation is still high and employment and spending is holding up.  The odds were about 75% for a smaller cut, but the federal reserve definitely surprised with a much larger cut of half a...
Will realtors’ settlement lower home prices?

Will realtors’ settlement lower home prices?

With the realtor settlement now implemented nationwide, the question now is will a reduction in realtor fees lower house prices?  The big premise of the commission lawsuit against the national association of realtors is that high commission fees were one of the...
House prices hit another record, what is now driving house prices?

House prices hit another record, what is now driving house prices?

It is astonishing that house prices continue higher in the face of high interest rates and a slowing economy.  The media keeps pinning the continued appreciation on lack of supply even while listings in places like Denver have jumped 33% year over year.  What is...
Inflation cools in June, what about interest rates and house prices?

Inflation cools in June, what about interest rates and house prices?

When I was writing this article mortgage rates were hovering right around 7%.  At the same time June showed the first real slowdown in inflation in the last year.  The stock market soared on the slowdown in inflation while the federal reserve took a much more...
Banks new motto: Survive until 25, what does this mean for real estate

Banks new motto: Survive until 25, what does this mean for real estate

  There is a new mantra being used in small/regional banks that is “survive until 2025”.  In essence the theory is that rates will drop precipitously and basically “bail out” many banks’ portfolios.  This includes treasury holdings that are underwater, commercial...