2 out of 3 loans approved in 2019 would be turned down today, mortgage lenders tighten the screws

2 out of 3 loans approved in 2019 would be turned down today, mortgage lenders tighten the screws

The Urban Institute think tank says nearly two out of three loans made in 2019 would fail to meet at least one of the stricter standards  lenders have imposed since March. Banks are tripping over themselves to be the first to hedge against future downside risks and...
New gov’t data predicts defaults, Where will the defaults concentrate in one major city?

New gov’t data predicts defaults, Where will the defaults concentrate in one major city?

  I wanted to highlight Atlanta, Georgia as it is one of the top ten metro areas in the country, we have an office there, and we are intimately familiar with the real estate market.  Furthermore, it is a typical large city and a good indicator for the country as...
Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress.  Millions are out of work, yet house prices are increasing in most...
Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike is a bellwether for the retail industry and general economy generating over 40 billion in annual revenue making it one of the largest athletic retailers in the world.  Since 2006 revenue has consistently increased every year.  In June, Nike announced that sales...
Unemployment hits all time highs yet house prices continue to rise; Why?

Unemployment hits all time highs yet house prices continue to rise; Why?

We are in an interesting economic cycle.  In the last recession, house prices plummeted up to 60% in some areas.  We currently hit the highest unemployment rate since the great depression yet house prices continue to appreciate.  This is exactly the opposite of what...
Did the fed accidentally trigger a housing market crash?

Did the fed accidentally trigger a housing market crash?

I hope everyone is doing well in light of the recent events. I was recently asked: “Did the Federal Reserve trigger a housing market crash?” What happened?  The Coronavirus struck, the fed had to act swiftly to mitigate the damage, but by flooding the market with...