Prices fall 6%, closings slip to lowest since 2015, what does this mean for 22-23?

Prices fall 6%, closings slip to lowest since 2015, what does this mean for 22-23?

  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 highs of around 6.4%. ...
Where is inflation heading and why? What does this mean for real estate?

Where is inflation heading and why? What does this mean for real estate?

Once again, the recent CPI report came in much higher than expected.  Why did the market drastically miss this prediction?  I’m not even an economist and figured out months ago inflation would be higher for longer as everything I buy from groceries, dining out,...
Mortgage demand plunges 83%, will we see a rebound in 2023?

Mortgage demand plunges 83%, will we see a rebound in 2023?

The National Association of Realtors predicts sales to rise again throughout 2023. At the same time, demand for mortgage refinances are down 83% from a year ago.  Applications for a loan to purchase a home were 18% lower than the same week one year ago. Signed...
10k of student loans forgiven; what does this mean for real estate and mortgage rates?

10k of student loans forgiven; what does this mean for real estate and mortgage rates?

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 prospective purchasers?  What...
Ready for a 30% drop in housing demand? Will tight supply really prop up the market?

Ready for a 30% drop in housing demand? Will tight supply really prop up the market?

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.   What is the real culprit behind soaring prices? Is there...
Haircut prices surge, what does this mean for real estate prices?

Haircut prices surge, what does this mean for real estate prices?

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 in turn real estate?  Why are haircuts...