Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike is a bellwether for the retail industry and general economy generating over 40 billion in annual revenue making it one of the largest athletic retailers in the world.  Since 2006 revenue has consistently increased every year.  In June, Nike announced that sales...
Unemployment hits all time highs yet house prices continue to rise; Why?

Unemployment hits all time highs yet house prices continue to rise; Why?

We are in an interesting economic cycle.  In the last recession, house prices plummeted up to 60% in some areas.  We currently hit the highest unemployment rate since the great depression yet house prices continue to appreciate.  This is exactly the opposite of what...
Did the fed accidentally trigger a housing market crash?

Did the fed accidentally trigger a housing market crash?

I hope everyone is doing well in light of the recent events. I was recently asked: “Did the Federal Reserve trigger a housing market crash?” What happened?  The Coronavirus struck, the fed had to act swiftly to mitigate the damage, but by flooding the market with...
The new real estate drug, coming off this high will be tough

The new real estate drug, coming off this high will be tough

  Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful.  One of the key takeaways from the last recession is that risks lurk in plain sight.  Hindsight 20-20 it was...
Labor market strong. Markets drop 20 % in a week.

Labor market strong. Markets drop 20 % in a week.

  With the labor market looking up, we decided to “hire” a new employee, Luna.  She will be working out of our Colorado office and focusing on property inspections (and anything that has to do with snow).  Please welcome her to the team 🙂 The Labor...
Mortgage rate increase, still funding in cash

Mortgage rate increase, still funding in cash

  First,  I hope everyone is doing okay with everything going on.   As many banks and other lenders pull back thru the pandemic and the mortgage rate increase we are still funding. We fund and hold all of our loans in cash without leverage so we will continue to...