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...
Government loan limits jump to almost 1m, impacting real estate

Government loan limits jump to almost 1m, impacting real estate

The federal government is about to back mortgages of nearly $1 million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac is expected to jump sharply in 2022, a reflection of the rapid appreciation in home...
Inflation cools, what does this mean for real estate?

Inflation cools, what does this mean for real estate?

Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index increased 5.3% from a year earlier and 0.3% from July.  Is inflation really...
Work from home impact on real estate values; pay cuts coming, 75% want to return

Work from home impact on real estate values; pay cuts coming, 75% want to return

Over 50% of workers are 100% remote with another 20% sometimes working remotely due to the pandemic.  Will this trend reverse this year with the rollout of the vaccine?  How will this impact real estate in the short term and long term?  What will be the primary driver...