Home Depot slides, house prices stabilize, consumers will keep spending

Home Depot slides, house prices stabilize, consumers will keep spending

  Interesting times we are in.  Consumers keep spending big on services like travel and eating out, but on the flip side Home Depot just reported its first drop since the pandemic.  On the other hand Target tops earnings estimates.  What is driving the continued...
What does Biden’s tax plan mean for real estate?

What does Biden’s tax plan mean for real estate?

Presidential nominee Biden has rolled out his proposed tax plan with two major pillars that will impact real estate:  1) Elimination of the 1031 exchange provision 2) elimination of long term capital gains. These two changes, if passed, will have huge implications for...
2 banks implode, largest since 2008, is this a trend, impact on real estate

2 banks implode, largest since 2008, is this a trend, impact on real estate

  Over 48 hours two banks failed for very different reasons. There is a saying in banking that when rates rise and easy money runs out, we will find the skeletons that have been lurking in plain sight.    Are we in for a 2008 rerun?  What caused the sudden...
Proposal for National rent control, what does this mean for prices and supply, why are rents increasing

Proposal for National rent control, what does this mean for prices and supply, why are rents increasing

It is no secret that rent has skyrocketed throughout the country.  Nationally rental growth peaked at 17.45% year over year in March of 2022.  Some markets like NY and FL have exceeded over 31% rent growth annually. What are the three causes of huge jumps in rents?...
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...
Prices drop 6%, what comes next?  Are you ready for a real estate reset?

Prices drop 6%, what comes next?  Are you ready for a real estate reset?

One of the world’s bubbliest real estate housing markets is tilting from sellers to buyers with dizzying speed. Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten one of the world’s hottest housing...