66% probability of recession in 18 months or less, impact on real estate

66% probability of recession in 18 months or less, impact on real estate

Looks like we should have smooth sailing in 2020, but the National Association of Business economists (NABE), the premier professional association for business economists counting Alan Greenspan as their past president, just released their business outlook predictions...
Jobs report ignites bull market. When is the next recession?

Jobs report ignites bull market. When is the next recession?

The jobs report last week was a welcome surprise beating expectations with 266k jobs created, almost 50% more than expectations.  This is the lowest jobless rate since 1969 underpinning a strong consumer that continues to spend and drive the bull market.  What does...
November Election: Airbnb spends $4m; Nightly rentals in one major city reduced by 90%

November Election: Airbnb spends $4m; Nightly rentals in one major city reduced by 90%

  Although, the recent November election was an off year with few major items on the ballot, there was one big takeaway from last election that could be precedent setting for cities throughout the country.  It is amazing that Airbnb spent over 4.2m on one small...
Federal Funds rate drops again creates a “floor” for real estate

Federal Funds rate drops again creates a “floor” for real estate

The Federal reserve dropped the federal funds rate again which wasn’t a big surprise as the market was pricing in a 96% probability of a rate cut.  This is the third cut this year effectively creating a “floor” under real estate.  How did the federal reserve create a...

California clean air waiver revoked by Trump, impact on real estate in 33 states?

President Trump announced the revocation of the California clean air waiver act.  Regardless of where you sit on this particular issue, the impacts will be profound on States rights, on real estate and one industry in particular.  Why are 33 states impacted?  Which...