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...
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%. ...
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...
Mortgage demand plunges 83%, will we see a rebound in 2023?

Mortgage demand plunges 83%, will we see a rebound in 2023?

The National Association of Realtors predicts sales to rise again throughout 2023. At the same time, demand for mortgage refinances are down 83% from a year ago.  Applications for a loan to purchase a home were 18% lower than the same week one year ago. Signed...
10k of student loans forgiven; what does this mean for real estate and mortgage rates?

10k of student loans forgiven; what does this mean for real estate and mortgage rates?

As of the writing of this article, President’s Biden’s plan is to forgive 10k in student loan per each borrower and further extend the payment pause until year end.  How will this forgiveness impact real estate prices, mortgage rates, and prospective purchasers?  What...