Consumer sentiment falls to 10 year low; not for what the media is saying.  Impact on real estate?

Consumer sentiment falls to 10 year low; not for what the media is saying.  Impact on real estate?

U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects.  It was the lowest reading for the measure since 2011. A sudden drop of this magnitude is extremely rare for the index. ...

Alcohol sales decline for first time since pandemic, Huge impact on real estate, the pandemic trade is over

  For the first time in a year, since Covid-19 began spreading across the United States forcing Americans to stay home, retail alcohol sales have fallen almost 2%.  Why the change in alcohol sales? No, people are not consuming less alcohol. What does this mean...
Unintended consequence of Forbearance/Eviction moratoriums Wall street the new landlord

Unintended consequence of Forbearance/Eviction moratoriums Wall street the new landlord

We are now well over a year into the pandemic and forbearance/eviction moratoriums abound with property owners and lenders essentially “stuck” with limited or no cash flow.  Unfortunately, many in Washington and local governments do not fully understand how real...
Consumer sentiment falls to 10 year low; not for what the media is saying.  Impact on real estate?

Impact of 1.9 trillion stimulus on real estate: Larry Summers is worried should you be?

I took this pic of a bear in my backyard staring at me while I was sitting on the porch, it was a good reminder….  1.9 trillion is a huge number flowing through to the economy in one fell swoop.  What do both Republican and Democratic economists agree on...
Biden halts foreclosures for 18 months, house prices up; no impact on “credit score”, but can’t get credit?

Biden halts foreclosures for 18 months, house prices up; no impact on “credit score”, but can’t get credit?

10 million Americans are behind on their mortgage payments, with the majority of these late payments occurring in FHA loans.  At the same time Millions are out of work, yet house prices are increasing in most markets.  What was in the new forbearance agreement?  How...
Ban on evictions and foreclosures for a year, impact on real estate

Ban on evictions and foreclosures for a year, impact on real estate

New eviction laws that Democratic lawmakers recently passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic...