Since Covid it seems like traditional patterns have been broken. I hear time and time again that X or Y is different and there have been fundamental changes. Is this true, is everything “radically” different now? Is a bear walking…
The federal government is about to back mortgages over one million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac is expected to jump sharply in 2023, a reflection of…
The Federal Reserve just raised interest rates .5% as expected. The market originally rallied and then plummeted 5% the next day. The fed made a colossal error and the stock and bond markets are not buying their guidance. What did…
The average time someone spends in a home has increased from 8.7 years in 2010 to over 13 years in 2020; a whopping 50% increase. How is this impacting house prices? What caused the “break” in the game of musical…
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during January and substantially higher than any estimates according to a closely watched gauge the Labor Department released Thursday (CPI). The stock and bond markets are continuing to…
New York City’s housing market is undergoing a powerful rebound, fueled by New Yorkers trading up, out-of-staters moving in, and others looking beyond the pandemic’s aftershocks to make a long-term bet on the city. On the flip side, Boise prices…
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…
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…
U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months. Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record. Just 30% of all consumers cited favorable…
As I look around the real estate market, you cannot help but notice the craziness. On my personal house in Colorado, my value is up around 50% in two years. These same trends are unfolding throughout the country, with appreciation…