Will mortgage rates drop anymore in 24, how about 2025?

Will mortgage rates drop anymore in 24, how about 2025?

  When I was writing this article mortgage rates were hovering right around 7%.  At the same time economists had been predicting a sharp decline in mortgage rates and a booming 2024 real estate market as the fed has cut rates.  On the other hand, the chart above...
Big real estate rebound for 2025?

Big real estate rebound for 2025?

The chief economist of the National Association of Realtors, Lawrence Yun, has released his 2025 and 2026 predictions for residential real estate and they were a huge surprise.  What is Yun predicting for real estate prices, interest rates, and appreciation?  How...
Will realtors’ settlement lower home prices?

Will realtors’ settlement lower home prices?

With the realtor settlement now implemented nationwide, the question now is will a reduction in realtor fees lower house prices?  The big premise of the commission lawsuit against the national association of realtors is that high commission fees were one of the...
Property Insurance rates set to jump by 50%; why and who pays?

Property Insurance rates set to jump by 50%; why and who pays?

  The mortgage industry should be prepared for large increases in insurance premiums up to 50% according to the Situs Whitepaper. Jennifer Rasmussen, one of the reports authors stated that the average homeowner “was not cognizant of the sheer magnitude of these...
Who is better for real estate Harris or Trump ?

Who is better for real estate Harris or Trump ?

  Wow, it is amazing how quickly tides have changed.  Look at the chart above of the betting market on the next presidential election right after the assassination attempt. Fast forward and another twist happened over the weekend with President Biden stepping...
Warning sign? sales drop 34%, impact on real estate

Warning sign? sales drop 34%, impact on real estate

The economy is currently in a “transition” phase.  To determine if the sun is setting on our current cycle, it is critical to watch for leading indicators of where we might be heading.  One of the strongest predictors of a recession is consumer purchases of one...