I just saw an article on CNBC with the headline: America is short 5 million houses. The media is proclaiming a housing crisis throughout the country due to the shortage. Ironically at the same time the US has hit a…
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%…
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…
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,…
There is a huge premium to buying a property compared to renting. It is now 70% more expensive to buy vs rent a property, which is considerably higher than at any time in the last fifty years. What is…
As suspected the March consumer price index came in hotter than expected which should be no surprise to anyone buying groceries, going out to eat, or traveling, everything is considerably more expensive and there continues to be insatiable demand. What…
Foreclosures are surging in a risky corner of commercial real-estate finance, offering one of the most profound signs yet that turmoil in the commercial property market is just beginning. Lenders this year have issued a record number of foreclosure notices…
There is a theory that locked in low mortgage rates will force owners to stay in their houses. This has led to a huge shortage of inventory throughout the country. Why is the “lock in effect” starting to wind down? …
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…
Like most, I have been surprised at the recent upward movement in prices. Did we just experience the shortest housing cycle ever? Are housing prices going to continue their recent upward swing? Why are housing prices now moving higher after…