2022 real estate predictions: Mortgage payments rise 50%.

2022 real estate predictions: Mortgage payments rise 50%.

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 2022 and beyond. Interest rates, inflation, and where the pandemic goes from here....
Seismic shift in the consumer spending: Who wins?

Seismic shift in the consumer spending: Who wins?

According to a recent Well’s Fargo economic report: the forecast for the level of services spending is expected to swell to more than four and a half years of typical spending packed into nine months. What does this transition from goods to services mean for real...
Zillow gets into the dating game: Your Zestimate is now a cash offer

Zillow gets into the dating game: Your Zestimate is now a cash offer

For years Zillow has been buying houses, but they have refused to use the Zestimate as their purchase price.  The cards have now turned with Zillow announcing that the “Zestimate” is now the price they will pay for your house. How will  this change allow Zillow to...
Coronavirus lending 101: What do you need to know to get funding

Coronavirus lending 101: What do you need to know to get funding

The Coronavirus pandemic has thrown the economy off a cliff leaving many equity rich property owners with no cash flow.  The pandemic has caused many residential and commercial tenants to defer or totally miss payments as the economy shuts down.  Property owners are...
Coronavirus raises your property taxes, are you ready for a 3.8 billion dollar property tax bill?

Coronavirus raises your property taxes, are you ready for a 3.8 billion dollar property tax bill?

First, I wanted to give a hats off to this guy for taking social distancing to the next level.  He hiked out about a mile on thin ice to ensure he was doing his part 🙂  Coronavirus has caused the Federal Reserve to drastically cut rates to almost zero due to the...
Mortgage rate increase, still funding in cash

Mortgage rate increase, still funding in cash

  First,  I hope everyone is doing okay with everything going on.   As many banks and other lenders pull back thru the pandemic and the mortgage rate increase we are still funding. We fund and hold all of our loans in cash without leverage so we will continue to...