I just saw an article on CNBC with the headline: America is short 5 million houses. The media is proclaiming a housing crisis throughout the country due to the shortage. Ironically at the same time the US has hit a…
It is astonishing that house prices continue higher in the face of high interest rates and a slowing economy. The media keeps pinning the continued appreciation on lack of supply even while listings in places like Denver have jumped 33%…
The economy is currently in a “transition” phase. To determine if the sun is setting on our current cycle, it is critical to watch for leading indicators of where we might be heading. One of the strongest predictors of a…
It is a bit perplexing; mortgage rates are over 7%, well over double their lows, and yet real estate prices are once again heading higher after a minor pullback late last year. Prices have pivoted from last fall to make…
As suspected the March consumer price index came in hotter than expected which should be no surprise to anyone buying groceries, going out to eat, or traveling, everything is considerably more expensive and there continues to be insatiable demand. What…
In a WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates It has been quite a ride for mortgage rates over the last two years. As of this writing mortgage rates were around…
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…
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…
After the demise of Silicon Valley Bank and Signature Bank in March, a study on the fragility of the U.S. banking system found that 186 more banks are at risk of failure even if only half of their uninsured…
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.…