There is a lot of conversation on the topic of employment and how it relates to inflation – and what The Fed decides to do. The jobs reports come out on the first Friday of every month, showing the previous month’s numbers. The Wednesday before that, we always get the report from ADP: a massive […]

Tomorrow is PCE, which is the Fed’s favorite inflation read. As we all know, they are trying to get it to 2%. The question is: are we ever going to get there? I watched a podcast yesterday by Barry Habib. Remember, the way inflation happens is comparing the last 12 month-over-month readings. They add them […]

Today’s topic came up recently at the State of the Union address. One of the things that was proposed (relating to real estate) is a $10,000 credit, paid in increments over two years. Why a Home Buyer Tax Credit is a Bad Idea I wanted to chime in: on the surface, it seems like a […]

Today, I want to talk about a program that has been around for a while, but it doesn’t get nearly as much attention as it should. It’s a true “no ratio” program for primary residences. How Do No Ratio Loans Work? “No ratio” kind of sounds like stated income and acts like it too. The […]

One of the biggest complaints I hear right now is about how expensive housing is. I agree! It’s insane how much prices have gone up, and it doesn’t help that rates are high as well. Looking at the Numbers: Buying vs. Renting I put together some numbers to help us understand what it really looks […]

Last week, Fannie Mae released a report. The main takeaway is that they are expecting the number of housing unit sales to increase. Thank goodness! I don’t know exactly where the inventory is going to come from yet, but that is the prediction. Interest Rates Will Be Dropping The other notable piece of information is […]

Take a look at this graphic that we were given from NBS Highway. It outlines data starting in the 40’s, showing appreciation based on every 10-year period through 2014. It’s interesting to see on the chart how in every 10-year period there has been an increase in value… with 1 exception. We are looking at […]

Today’s topic is inflation – specifically the Consumer Price Index (CPI). This report is one of the big pieces of information that comes out monthly, and it’s all about inflation. The way it’s measured is based on the month-over-month number (the percentage change from the previous month), then it adds everything up to give us […]

I need to talk about the latest headlines: there is so much conversation around the Keller Williams lawsuit settlement. They agreed to settle for $70 million. The general idea stems back to the $1+ billion judgement that was placed on anti-trust violations or commission price-fixing. The long story short is that some brokerages were apparently […]

Today is Fed Day! Every 6 weeks, The Fed gets together to work on policy stuff. They have a direct impact on the Fed funds rate. All other rates are affected by this, including 10-year treasury and mortgage-backed securities (which actually set mortgage rates). Updates from Today’s Fed Meeting Today’s announcement was that they are […]