Cyberattack stops all real estate closings in one large city

Cyberattack stops all real estate closings in one large city

  It is crazy how far technologically we have come, but at the same time how fragile our infrastructure is.  On of the largest cities in Atlanta (Fulton County) recently had a cyber “incident” which shut down the city and halted all real estate closings.  This...
Is inflation really coming down?

Is inflation really coming down?

We have heard a ton of good news recently regarding inflation.  Inflation has come down dramatically from its peak and the market is pricing in almost a 100% probability of an elusive soft landing.   Is inflation really coming down as fast as the consumer price index...
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...
16 percent drop in Luxury spending, I created a model to predict when real estate prices will fall.

16 percent drop in Luxury spending, I created a model to predict when real estate prices will fall.

In the past recessions, especially in 2008, just prior to the crash we saw a big pull back in luxury purchases.  This was an early indicator of huge drops in real estate prices.  Currently we are seeing a resounding change in luxury spending, does this mean luxury...
Soft Landing, Hard landing, does it even matter for real estate?  

Soft Landing, Hard landing, does it even matter for real estate?  

Earlier in the year most economists and myself predicted a recession by now, but the cards have changed with most now predicting the opposite, a soft landing.  What is a soft landing? Is a soft or hard landing better for real estate?  Does it really matter which...
Banks tighten lending; 46% rejection rate on mortgage loans

Banks tighten lending; 46% rejection rate on mortgage loans

It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become considerably harder.   What does the decline in...