Although the graph above looks like an old Atari game, it is the Federal reserve dot plot which shows a profound shift. Ironically, just a few weeks ago the Federal Reserve was touting higher rates for longer. Now the…
Before getting into my predictions, the chart above is indicative of the mixed signals in the economy. Prices are rising on cardboard due to increased consumer demand. How is demand for cardboard rising if consumer spending is slowing along with…
What do the increased conforming loan limits mean for real estate? The federal government (aka you the taxpayer) now backs mortgages up to 1.15m. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac has…
In a WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates It has been quite a ride for mortgage rates over the last two years. As of this writing mortgage rates were around…
US commercial real estate prices have fallen this year for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry. What property types are declining? (hint not…
What does the recent CPI fall mean for mortgage rates and real estate prices? A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s historic interest rate increases. The slowdown came below most median estimates…
A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for home sales artificially high. Two major real estate companies have…
Housing industry urges Fed to stop raising rates, does it even matter? Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic…
The economists forecasting the jobs data missed big time, with the recent jobs report almost double their predictions. Why is job growth still surging while interest rates hit 20 year highs. What does this mean for future interest rate increases? …
After the demise of Silicon Valley Bank and Signature Bank in March, a study on the fragility of the U.S. banking system found that 186 more banks are at risk of failure even if only half of their uninsured…