by Glen | Dec 10, 2019 | interest rates, News, private lender, Property Valuation, Real Estate economic trends, real estate investing, Real Estate Trends, Real estate Valuation
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...
by Glen | Dec 3, 2019 | Real Estate economic trends, real estate investing, Real Estate Trends, Real estate Valuation
The two largest purchases by consumers are houses and cars. Cars are starting to look like the prior housing debacle. Some 33% of people who traded in cars to buy new ones in the first nine months of 2019 had negative equity, compared with 28% five years ago and 19%...
by Glen | Nov 26, 2019 | Real Estate Trends, Real estate Valuation, Realtor, Residential hard money, residential lending valuation
The National Association of realtors last week voted to ban the use of “whisper listings”/ “Pocket listings”. The new rule will require listing brokers who are participants in a multiple listing service (MLS) to submit their listing to the MLS within one business day...
by Glen | Nov 5, 2019 | Real Estate economic trends, real estate investing, Real Estate Trends, Real estate Valuation, Residential hard money, residential lending valuation, Underwriting/Valuation
According to ATTOM data, gross profit on home flipping has fallen six quarters in a row and eight of the last 10, and now stands at the lowest level since Q4 2011. At the same time the number of flips across the country has increased to 7.3% of all sales and number...
by Glen | Nov 4, 2019 | Commercial Lending valuation, Housing Price Trends / Information, interest rates, Property Valuation, real estate investing, Real Estate Trends, Real estate Valuation, Realtor, residential lending valuation
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...
by Glen | Oct 18, 2019 | Real Estate economic trends, real estate investing, Real Estate Trends, Real estate Valuation, residential lending valuation
In September, Toyota’s year over year auto sales plummeted 16.5%, Honda down 14%, and Nissan down almost 18%. The severity of the slide stokes fears that a long-anticipated car sales collapse may be arriving. Why should you care about Autos in real estate?...
