National Association of Realtors predicts rising prices in 2023; fed predicts drop

National Association of Realtors predicts rising prices in 2023; fed predicts drop

In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update.  On the flip side the most recent federal reserve economic commentary classifies the current...
Will the golden handcuffs of low rates save real estate in this cycle?

Will the golden handcuffs of low rates save real estate in this cycle?

The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory.  How accurate is this theory?  What is the...
Inflation continues hot, 100% chance of recession in 12 months, what can past cycles tell us about real estate now and in the future?

Inflation continues hot, 100% chance of recession in 12 months, what can past cycles tell us about real estate now and in the future?

There is pretty much a universal theme that there will be a recession in the future.  It is like saying that it might rain sometime in the next month.  It doesn’t help you much without knowing approximately when it will rain and if it will be a light sprinkle or turn...
30 year fixed crosses 7%, is this the real story? Prices fall first time in 10 years.

30 year fixed crosses 7%, is this the real story? Prices fall first time in 10 years.

A few weeks ago, the big news was 6% rates and now everyone suddenly woke up with stocks crashing and yields soaring to new highs and rates jumping again.  What does this mean in the short term for interest rates? Is focusing on the 30 year mortgage rate the correct...
Fannie-Mae-sees-dark-days-ahead-for-the-housing-market;

Fannie-Mae-sees-dark-days-ahead-for-the-housing-market;

It will get much worse for the housing market and the mortgage industry. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. Federal Reserve chairman Powell recently threw even more cold water on their...
Back to office, ready to pick your seat? 3 traits that will identify the winners & losers

Back to office, ready to pick your seat? 3 traits that will identify the winners & losers

First, the pic above was the leading picture for a listing I looked at.  I guess they were stressing the work from home conveniences in the office Unfortunately this could lead to some “interesting” conversations with coworkers.   With the back to office trend in full...