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...
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...
Fed reverses course, interest rates fall, my servicing data tells a different story

Fed reverses course, interest rates fall, my servicing data tells a different story

  Although the graph above looks like an old Atari game, it is the Federal reserve dot plot which shows a profound shift.  Ironically, just a few weeks ago the Federal Reserve was touting higher rates for longer.  Now the federal reserve has done a 180 and has...
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...
Interest rates not best metric for real estate prices, what is better?

Interest rates not best metric for real estate prices, what is better?

For years interest rates were the number one indicator for real estate prices.  In this cycle interest rates have more than doubled yet real estate prices have barely budged.  If we look back at 2008, the impetus for the large real estate crash was rising interest...
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...