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…
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market -…
One of the world’s bubbliest real estate housing markets is tilting from sellers to buyers with dizzying speed. Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten…
Where mortgage rates are heading seems to be the biggest question on everyone’s mind in real estate. As of this writing rates were around 5.821% which is substantially higher than any economists had predicted even a few months ago. What…
The Federal Reserve just raised interest rates .5% as expected. The market originally rallied and then plummeted 5% the next day. The fed made a colossal error and the stock and bond markets are not buying their guidance. What did…
The federal housing finance agency (FHFA), the largest buyer of mortgages through Fannie Mae and Freddie Mac (Fannie/Freddie), announced huge changes to there fee structure. In particular they are targeting high cost loans with big jumps for second homeowners. …
The swiftness of the changes in the real estate market are astonishing, yet not unexpected. I predicted last year mortgage rates would top 5% and they already have come close. This has led to a 60% drop in refinances and…
Redfin plunges 26% in one day and foreshadows 4 trends shaping the 2022 and beyond real estate market. Redfin, the darling of the real estate market the last several years has plunged 45% over the last year. At the same…
Initially when Ukraine was invaded the stock market dropped precipitously over 800 points during the day only to make a huge rebound into positive territory. What does this volatility mean for interest rates and in turn real estate? Does the…
Gary Shilling, the author of the Case-Shilling real estate index, accurately predicted the last real estate bust. He has come out with recent predictions that throw a cold towel on how this housing cycle ends. Are we at a bear…