The federal government is about to back mortgages over one 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 2023, a reflection of…
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…
The federal reserve did an analysis of what has led to the surge in housing prices and has a conclusive answer; the driver of high prices is not that we don’t have enough houses as the media has been claiming.…
What a week it has been in the economy. The federal reserve is still struggling to contain inflation and as a result increased the fed funds rate .75%. After the announcement stocks roared back in a huge “relief” rally and…
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market -…
The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market. Non bank lenders now make up 74% of the origination volume with only 3 banks even making…
Commercial real estate is showing the first signs of cooling in more than a year, disrupted by rising interest rates that are already causing some deals to collapse. What is causing the quick change in fortunes in commercial real estate? …
While in other countries real estate is slowing, home price growth in 20 US cities picked up for the fourth straight month with Tampa, Florida, showing the biggest gains. March's reading was the highest year-over-year price change in more than…
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? …
Redfin plunges 26% in one day and foreshadows 4 trends shaping the 2022 and beyond real estate market. Redfin, the darling of the real estate market the last several years has plunged 45% over the last year. At the same…