Lock in effect thawing: more houses coming on the market

Lock in effect thawing: more houses coming on the market

There is a theory that locked in low mortgage rates will force owners to stay in their houses.  This has led to a huge shortage of inventory throughout the country.  Why is the “lock in effect” starting to wind down?  What does this mean for real estate prices over...
Will real estate rebound in 2024?

Will real estate rebound in 2024?

Soft Landing base case, impact on real estate Every realtor newsletter I have received predicts an increase in sales and a great real estate market is 2024 due to lower mortgage rates.  Will this come to fruition?  Will we have a “soft landing” in 2024 and which will...
Why are house prices so high and will they stay high?

Why are house prices so high and will they stay high?

  Anytime you turn on the news  you hear about high house prices and that the culprit is that supply has not kept up with demand.  Is supply really the main culprit of housing prices or did something else that occurred during Covid radically alter the market? ...
One metric for risk is off the charts, impact on real estate

One metric for risk is off the charts, impact on real estate

  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 a year end analysis on our portfolio and one metric jumped off the page increasing...
With interest rates dropping 4 reasons there will be a large increase in foreclosures?

With interest rates dropping 4 reasons there will be a large increase in foreclosures?

    The market keeps predicting a goldilocks scenario with 100% certainty where inflation falls without much if any impact on residential real estate.  The “soft landing” will occur at the same time interest rates have skyrocketed and supposedly the consumer...
Realtor lawsuits, what happens now?

Realtor lawsuits, what happens now?

  There has been a ton of talk regarding the lawsuits against the National Association of realtors, but from a practical perspective what does this mean for the market? Will buyer’s agent commissions be eliminated?  One realtor association is not waiting for more...