Blackstone halts purchases in 38 cities, Ibuyers slam on the brakes

Blackstone halts purchases in 38 cities, Ibuyers slam on the brakes

Wow, what a difference a few months makes.  Earlier in the summer, basically any property with 4 walls had multiple offers and prices were on a tear.  Fast Forward a few months and Blackstone, one of the largest buyers of residential rental homes, is pausing...
Mortgage demand plunges 83%, will we see a rebound in 2023?

Mortgage demand plunges 83%, will we see a rebound in 2023?

The National Association of Realtors predicts sales to rise again throughout 2023. At the same time, demand for mortgage refinances are down 83% from a year ago.  Applications for a loan to purchase a home were 18% lower than the same week one year ago. Signed...
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...
A “reckoning” is due.  Atlanta overvalued by 58%, Denver by 39%

A “reckoning” is due. Atlanta overvalued by 58%, Denver by 39%

“A reckoning is due. Home prices and rents can’t separate as significantly as they have from their long-term fundamental trends without major issues arising in the marketplace,” said Ken Johnson, an economist at Florida Atlantic University, in an analysis. “Few...
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...