National Association of Realtors predicts rising prices in 2023; fed predicts drop

National Association of Realtors predicts rising prices in 2023; fed predicts drop

In 2023, NAR Chief Economist Lawrence Yun expects home sales to decline by 7%, while the national median home price will increase by 1% in his recent 2023 market update.  On the flip side the most recent federal reserve economic commentary classifies the current...
Inflation continues hot, 100% chance of recession in 12 months, what can past cycles tell us about real estate now and in the future?

Inflation continues hot, 100% chance of recession in 12 months, what can past cycles tell us about real estate now and in the future?

There is pretty much a universal theme that there will be a recession in the future.  It is like saying that it might rain sometime in the next month.  It doesn’t help you much without knowing approximately when it will rain and if it will be a light sprinkle or turn...
Fed raises rates, mortgage rates drop, stocks jump, technical recession, what happens now    

Fed raises rates, mortgage rates drop, stocks jump, technical recession, what happens now    

What a week it has been in the economy.  The federal reserve is still struggling to contain inflation and as a result increased the fed funds rate .75%.  After the announcement stocks roared back in a huge “relief” rally and mortgage rates plummeted.  Shortly after,...
Trucking hits the Brakes; what does this mean for real estate?

Trucking hits the Brakes; what does this mean for real estate?

There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding.  Why are...
This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market.  Non bank lenders now make up 74% of the origination volume with only 3 banks even making the list.  What does this mean for the mortgage...