Will the fed stop buying your mortgage?

Will the fed stop buying your mortgage?

The Federal Reserve has bought $982 billion of the mortgage bonds since March 5, 2020.  As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities...
1031 exchange eliminated; what will happen to real estate values and rental rates?

1031 exchange eliminated; what will happen to real estate values and rental rates?

Your taxes will increase $775 Billion dollars according to an analysis by Bloomberg. President Biden has rolled out his proposed tax plan with three major pillars that will impact real estate pros.    1) Elimination of the 1031 exchange provision (or such a low cap...
Mortgage Firms Warned to Prepare for a ‘Tidal Wave’ of Distress

Mortgage Firms Warned to Prepare for a ‘Tidal Wave’ of Distress

There is a tidal wave of distressed homeowners who will need help,” Dave Uejio, the CFPB’s acting director, said in a statement; companies “that are unable to adequately manage loss mitigation can expect the bureau to take enforcement or supervisory action.”  At the...

Alcohol sales decline for first time since pandemic, Huge impact on real estate, the pandemic trade is over

  For the first time in a year, since Covid-19 began spreading across the United States forcing Americans to stay home, retail alcohol sales have fallen almost 2%.  Why the change in alcohol sales? No, people are not consuming less alcohol. What does this mean...