Fed makes colossal mistake. Labor productivity plummets. Are you ready for 6?

Fed makes colossal mistake. Labor productivity plummets. Are you ready for 6?

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 fed say at the meeting that...
Real estate has reached an inflection point, 3 indicators that the peak has passed

Real estate has reached an inflection point, 3 indicators that the peak has passed

As mortgage rates have easily breached 5% (last I checked they were at 5.25%), there is a drastic change in real estate that is just beginning to rear its head.  At the same time inventory is starting to increase and loan volumes have plummeted.  What is the big...
Interest rates soar; property prices continue to rise;  Game of Musical chairs has stopped

Interest rates soar; property prices continue to rise;  Game of Musical chairs has stopped

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 chairs leading to the inventory shortage? How are...
Fannie/Freddie no longer fund 2nd mortgages; Big changes to mortgage fees on borrowers

Fannie/Freddie no longer fund 2nd mortgages; Big changes to mortgage fees on borrowers

  The federal housing finance agency (FHFA), the largest buyer of mortgages through Fannie Mae and Freddie Mac (Fannie/Freddie), announced huge changes to there fee structure.  In particular they are targeting high cost loans with big jumps for second...