60k laid off, The middle is squeezed how will this impact Real estate and the recovery

60k laid off, The middle is squeezed how will this impact Real estate and the recovery

Purchasing power from paychecks fell 2.9% for middle-income households in 2022 compared with 2021, while rising 1.5% for the bottom fifth of households and 1.1% for the top, according to the Congressional Budget Office study.  Furthermore, nearly 40 percent of...
Global Property Market Faces $175 Billion Debt Spiral: This cycle is different

Global Property Market Faces $175 Billion Debt Spiral: This cycle is different

I rarely say that Covid caused radical changes in behavior but the commercial property sector is bucking this trend.  This is not because of return to office or lack thereof, but leverage and the central bank.  In every cycle in recent memory as the economy started to...
Nightly rental market following in footsteps of Colorado Pot market

Nightly rental market following in footsteps of Colorado Pot market

Data from AirDNA, a short-term rental analytics firm, show as of October 2022, the number of future nights booked—a real-time indicator of the health of the short-term rental industry—was up 15.8% year-over-year.  At the same time, anyone in the short-term rental...
Commercial property prices slide 13% from peak, biggest since 08, where do prices go from here?

Commercial property prices slide 13% from peak, biggest since 08, where do prices go from here?

US commercial real estate prices have plunged 13% from a peak this year, the biggest drop since the global financial crisis of 2008.  What is causing the decline in commercial property prices.  Is this a blip or will the slide in commercial property prices worsen in...
National Association of Realtors predicts rising prices in 2023; fed predicts drop

National Association of Realtors predicts rising prices in 2023; fed predicts drop

In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update.  On the flip side the most recent federal reserve economic commentary classifies the current...
Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Since Covid it seems like traditional patterns have been broken.  I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now?  Is a bear walking around in the snow a sign (zoom in...