The new real estate drug, coming off this high will be tough

The new real estate drug, coming off this high will be tough

  Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful.  One of the key takeaways from the last recession is that risks lurk in plain sight.  Hindsight 20-20 it was...

Vail resort visits down 8%, one in foreclosure

Vail recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat.  With prices not increasing, how are visits down yet revenue still flat?  What does this have to do with one ski resort in...
Coronavirus impact on real estate

Coronavirus impact on real estate

The ink was barely dry on Wall Street’s 2020 outlooks when the first case surfaced in China. A quick tally shows the coronavirus has wiped $1.5 trillion off the value of world stock markets since Jan. 20, when a slide in Hong Kong shares kicked off concerns among...
Recession. Is The Sun Setting In Real Estate?

Recession. Is The Sun Setting In 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...
Happy 4th, a good time to slow down and appreciate

Happy 4th, a good time to slow down and appreciate

I wanted to wish each of you a Happy 4th of July.  I know the picture above is not what you would expect from a 4th of July e-mail. It is a picture of my windshield after a chance encounter.  I’ve known many of you as a friend, client, or peer for the past 20 years. ...