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…
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…
“Our model really works in upmarkets, it's going to work in flat markets, it's going to work in downmarkets,” chief financial officer Carrie Wheeler told analysts just 6 short months ago. Unfortunately today this statement could not be further from…
Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers. From June through August, prices usually decline about 2%, but this year they have fallen about 6%. At the same time, mortgage rates hit…
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…
As of the writing of this article, President’s Biden’s plan is to forgive 10k in student loan per each borrower and further extend the payment pause until year end. How will this forgiveness impact real estate prices, mortgage rates, and…
The federal reserve did an analysis of what has led to the surge in housing prices and has a conclusive answer; the driver of high prices is not that we don’t have enough houses as the media has been claiming.…
If you haven’t gotten a haircut in a while, you are in for a surprise. Haircut prices like many other services in the economy are experiencing large increases. What does the increase in haircut prices mean for the economy and…
What a week it has been in the economy. The federal reserve is still struggling to contain inflation and as a result increased the fed funds rate .75%. After the announcement stocks roared back in a huge “relief” rally and…
The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market. Non bank lenders now make up 74% of the origination volume with only 3 banks even making…