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...
2022 real estate predictions: Mortgage payments rise 50%.

2022 real estate predictions: Mortgage payments rise 50%.

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....
Economic binge continues but consumer sentiment falls, impact on real estate

Economic binge continues but consumer sentiment falls, impact on real estate

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 home...
Is there a real estate bubble brewing?

Is there a real estate bubble brewing?

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 hitting records.  Is the real...
New Proposed tax plan will hit property owners and cost you millions.

New Proposed tax plan will hit property owners and cost you millions.

    I am always amazed at how out of touch our elected officials are with what happens in the real world.  The new tax plan circulating through Congress is no exception with the supposed target high net worth taxpayers, but middle class, small business...
BOA predicts a housing “mother of all asset bubbles”      

BOA predicts a housing “mother of all asset bubbles”      

As a result of the current loose monetary policy and additional stimulus coming down the pipe, “imbalances” within the economy are starting to form. BofA predicts a 10% drop in stock prices.  What are other experts saying on the stock market?  How will this impact...