NY Bans real estate fees: residents leave, will your state/city be a winner?

NY Bans real estate fees: residents leave, will your state/city be a winner?

NY city is changing the real estate game implementing a ban on the NYC rental broker fee and making a host of other changes.  At the same time New York leads all U.S. metro areas as the largest net loser with 277 people moving every day.  What are the new laws?  How...
66% probability of recession in 18 months or less, impact on real estate

66% probability of recession in 18 months or less, impact on real estate

Looks like we should have smooth sailing in 2020, but the National Association of Business economists (NABE), the premier professional association for business economists counting Alan Greenspan as their past president, just released their business outlook predictions...
Federal Funds rate drops again creates a “floor” for real estate

Federal Funds rate drops again creates a “floor” for real estate

The Federal reserve dropped the federal funds rate again which wasn’t a big surprise as the market was pricing in a 96% probability of a rate cut.  This is the third cut this year effectively creating a “floor” under real estate.  How did the federal reserve create a...