Home builder confidence declined for a tenth month in a row in October. Climbing interest rates continue to weaken demand for real estate. Economists are warning that prices may be on the brink of collapse, according to the National Association Read more…
As interest rates go up, the fortunes of tech companies fall. Money chases higher yields. When interest rates are near zero, investors can gamble in tech companies that aren’t yet turning a profit and can hope they found a unicorn. Read more…
The pandemic lead to more people being allowed to work from home. While many companies are trying to pull people back into the office, many are allowing some flexibility. Something like 35% of people are now able to work from Read more…
Ingo Winzer of Local Market Monitor has performed real estate analysis for more than 20 years and his predictions are, in my experience, better than those of financial media. In 2005, he warned that many housing markets were dangerously over-priced. Read more…
When interest rates go down, real estate values go up even if incomes are flat. This is because buyers look at cost in terms of monthly payments. At the beginning of this year, mortgage interest rates for a 30 year Read more…
Friends have been asking me how much I think real estate prices will decline. As with all predictions, it depends on who you ask. Goldman Sachs economists updated their house price outlook to call for home price growth to stall Read more…
The U.S. housing market is in a downturn. Bidding wars have given way to, first, more days on market, and, now, we are seeing price reductions. The turning point was when the Fed raised interest rates dramatically. At least that’s Read more…
Spokane has had a very hot housing market for the last few years. Bidding wars were the norms. Reasons for this included the new work-from-anywhere trend caused by Covid, and lower density and prices than nearby tech centers like Redmond Read more…
Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points to 49 this month, its Read more…
With interest rates increasing, more potential buyers are priced out of the market. Inventory seems to be finally rising dramatically and we are seeing more price reductions than last year. It is possible that we are at or at least Read more…
These are clear signs of a market shift. According to Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting, “May homebuilder survey results published last week. Top themes: 1) Builder metrics quickly deteriorating across the board. 2) Read more…
Several elites are predicting tough times ahead, as interest rates rise. There is a very interesting slideshow from Sequoia Capital, with dire predictions, recommending that companies adapt to endure. Some recommendations include looking at cuts to preserve capital and making Read more…
Apartment list has a tool that lets you see, for residents of any city, where tenants are searching for new apartments. It gives an indication of where people are considering moving. You can also perform a search in the other Read more…
Case-Shiller released their latest numbers on April 26. In absolute terms, prices are 57% above the bubble peak in 2006. Of course, the Fed has printed so many dollars that today’s dollars are not worth nearly as much as 2006 Read more…
The Dallas Fed looked at multiple indicators to conclude that a Housing Bubble is probably forming. They started by looking at exuberance, rapid increases in absolute housing prices, and found indications of “exuberance” starting around 2020. They noted that the Read more…