Inflation highest in 40 years, mortgage rates touch 4%

Inflation highest in 40 years, mortgage rates touch 4%

Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday. The stock and bond markets are suddenly awake, with mortgage rates skyrocketing almost 4% from a low...
Refinance rates drop 31%, retail sales crushes estimates

Refinance rates drop 31%, retail sales crushes estimates

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....
Investors purchase record number of homes, what does this mean for values?

Investors purchase record number of homes, what does this mean for values?

Real estate investors spent a record $63.6 billion to purchase homes in the third quarter, up 78% from a year earlier, with an intense housing shortage fueling their returns, according to a Redfin report published on Monday.  “Investors are expecting rents to increase...
Omicron impact on inflation and real estate

Omicron impact on inflation and real estate

What a week it has been a new Covid variant has emerged while at the same time, the federal reserve announced they are retiring the word “transitory”.  The stock market dropped and treasury yields increased.  What does all the recent news mean for real estate?  Will...
Zillow quits I buying says it model doesn’t work. 18k houses to sell

Zillow quits I buying says it model doesn’t work. 18k houses to sell

Real-estate firm Zillow Group Inc.  is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn’t work as planned. Zillow has about 18 thousand houses it will be looking to sell.  What does this mean for...
Zillow quits I buying says it model doesn’t work. 18k houses to sell

Zillow stops buying houses: red flags for housing market

Zillow claims that ‘operational capacity constraints’ has caused the hiccup in its home-buying business, but some analysts argue that bigger issues may be afoot.  Why is Zillow abruptly pulling back from their ibuyer program after recently announcing a huge funding...