Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

Mortgage rates hit records, refi drops 60%, sales decline, 25% drop predicted

The swiftness of the changes in the real estate market are astonishing, yet not unexpected.  I predicted last year mortgage rates would top 5% and they already have come close.  This has led to a 60% drop in refinances and a sharp reduction in sales.  What do these...
Shortage of homes will keep prices high… think again; Is there really a shortage?

Shortage of homes will keep prices high… think again; Is there really a shortage?

I just saw an article on CNBC with the headline: America is short 5 million houses and the media is proclaiming a housing crisis throughout the country due to a historic shortage.  Ironically at the same time the US has hit a record for the slowest population growth...
Zillow’s predictions in 2022 show house price surge of 25%, how accurate are there predictions?

Zillow’s predictions in 2022 show house price surge of 25%, how accurate are there predictions?

According to Zillow, house prices will continue to skyrocket in 2022 with hot markets posting gains of 25% plus.  What factors are driving these predictions?  How accurate are Zillow’s 2022 predictions for appreciation?  How does Zillow’s estimates compare with...
Buy now pay later included on credit reports, impact on real estate financing

Buy now pay later included on credit reports, impact on real estate financing

Buy now pay later included on credit reports, impact on real estate financing Buy now Pay Later loans are a million-dollar industry and yet until now these loans were invisible to lenders.  This is all changing as Equifax is now adding buy now pay later payments to...
Housing party coming to an end, what does this mean for values; the bears have awoken

Housing party coming to an end, what does this mean for values; the bears have awoken

Gary Shilling, the author of the Case-Shilling real estate index, accurately predicted the last real estate bust.  He has come out with recent predictions that throw a cold towel on how this housing cycle ends.  Are we at a bear market or a peak in real estate?  Where...
Inflation roars to highest since 1982, mortgage rates jump above 4%, what does this mean for real estate

Inflation roars to highest since 1982, mortgage rates jump above 4%, what does this mean for real estate

Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during January and substantially higher than any estimates according to a closely watched gauge the Labor Department released Thursday (CPI). The stock and bond markets are continuing to awaken,...