What does higher for longer rates mean for real estate?

What does higher for longer rates mean for real estate?

  Wow, what a year.  In December the market was anticipating as many as 4 rate cuts this year. At the same time the federal reserve was doing a victory dance on pulling of a soft landing.  Fast forward and inflation is still hot and there is now a question of if...
US government plans to unlock 850 billion in homeowners equity

US government plans to unlock 850 billion in homeowners equity

You have to hand it to the Federal government, they are always working to solve problems that do not exist.  Currently there is a new proposal from the federal government (via Freddie Mac) to insure second mortgages/home equity lines of credit similar to first...
New tax plan keeps spending by taxing real estate and eliminates 1031

New tax plan keeps spending by taxing real estate and eliminates 1031

In economics there is no free lunch and you can’t spend forever without paying the piper.  A new  recent tax proposal keeps spending while drastically increasing taxes on real estate owners. The new plan eliminates the 1031 exchange and the step up in basis upon...
Economy not as solid as headline numbers suggest

Economy not as solid as headline numbers suggest

It is interesting that the market continues to focus on interest rates and employment as the barometer for the economy while totally ignoring one metric.  As a lender I just did an analysis on our portfolio and one metric jumped off (chart above is my portfolio).  In...
President Biden’s national rental regulations announced

President Biden’s national rental regulations announced

States have traditionally set rental regulations including zoning, evictions, etc… but that is all set to change with the president’s new proposal.  The federal government will now be assuming many of the powers that were granted to the states. The biggest change is...
Will realtors’ settlement lower home prices?

Will realtors’ settlement lower home prices?

The big premise of the commission lawsuit against the national association of realtors is that high commission fees were one of the leading drivers of real estate prices.  How true is this statement?  Will the new commission structure for realtors lead to a reduction...