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%. ...
Ready for a 30% drop in housing demand? Will tight supply really prop up the market?

Ready for a 30% drop in housing demand? Will tight supply really prop up the market?

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 is the real culprit behind soaring prices? Is there...
Fed raises rates, mortgage rates drop, stocks jump, technical recession, what happens now    

Fed raises rates, mortgage rates drop, stocks jump, technical recession, what happens now    

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 mortgage rates plummeted.  Shortly after,...
Trucking hits the Brakes; what does this mean for real estate?

Trucking hits the Brakes; what does this mean for real estate?

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 – are skidding.  Why are...
This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

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 the list.  What does this mean for the mortgage...
Commercial property sales plunge 16%, what are the bright spots?

Commercial property sales plunge 16%, what are the bright spots?

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?  How will the recent fed...