Proposal for National rent control, what does this mean for prices and supply, why are rents increasing

Proposal for National rent control, what does this mean for prices and supply, why are rents increasing

It is no secret that rent has skyrocketed throughout the country.  Nationally rental growth peaked at 17.45% year over year in March of 2022.  Some markets like NY and FL have exceeded over 31% rent growth annually. What are the three causes of huge jumps in rents?...
30 year mortgage rates plummet, will they return to pandemic lows

30 year mortgage rates plummet, will they return to pandemic lows

It has been a wild ride in the treasury market.  Rates spiked to 7.5%, but recently have plummeted back to below 6%? Now they are rising again.  What does this mean for real estate sales?  Will the lower rates be enough to turn around the slowing market?  Will rates...
2023 real estate predictions: Mortgage rates come off their highs. Does a recession happen in 23?

2023 real estate predictions: Mortgage rates come off their highs. Does a recession happen in 23?

I hope everyone is having a happy holiday season.  Before getting into my predictions for next year, there are three crucial factors to discuss that will shape the real estate market in 2023 and beyond: Interest rates, inflation, and consumer sentiment. All three are...
Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Year of the Bear, are you ready for 2023 and a 20% decline, what happens to interest rates, economy, etc…   

Since Covid it seems like traditional patterns have been broken.  I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now?  Is a bear walking around in the snow a sign (zoom in...
Consumer debt soars to the highest on record, why is this good and bad news for real estate

Consumer debt soars to the highest on record, why is this good and bad news for real estate

The federal reserve bank of NY recently published a report showing consumer debt jumping to the highest levels ever recorded with every category growing from mortgages, autos, credit cards, lines of credit, etc…  Is some consumer debt better/worse than others for the...
Will the golden handcuffs of low rates save real estate in this cycle?

Will the golden handcuffs of low rates save real estate in this cycle?

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 this theory?  What is the...