Home Depot slides, house prices stabilize, consumers will keep spending

Home Depot slides, house prices stabilize, consumers will keep spending

  Interesting times we are in.  Consumers keep spending big on services like travel and eating out, but on the flip side Home Depot just reported its first drop since the pandemic.  On the other hand Target tops earnings estimates.  What is driving the continued...
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand

Consumer debt passes $17 trillion for the first time despite slide in mortgage demand

  Households added $148 billion in overall debt, bringing the total to $17.05 trillion, according to a report released by the Federal Reserve Bank of New York on Monday. Balances are now $2.9 trillion higher than just before the pandemic.  What categories are...
2023 real estate predictions update: Mortgage rates decline, banks fail, impact on real estate prices

2023 real estate predictions update: Mortgage rates decline, banks fail, impact on real estate prices

A lot has changed since my year end update, four major banks have collapsed, and the market is now signaling a recession with interest rates beginning to fall.  What does this mean for real estate in the second half of the year?  Are there any big changes to my...
Real Estate Market continues outperforming, what time period are we beginning to resemble?

Real Estate Market continues outperforming, what time period are we beginning to resemble?

  Although the spring real estate market has slowed drastically from the pandemic days, the bottom has not fallen out.  Quite the opposite has occurred, in suburban markets and sunbelt cities, real estate keeps charging higher.  A good example is Boulder, CO, a...
64% living paycheck to paycheck; what is the real estate impact?

64% living paycheck to paycheck; what is the real estate impact?

  The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners (greater than 100k), a new study shows.  Furthermore 24% had issues paying their bills in...