Your Trusted Guide for Mortgages & Real Estate
Remember around 2010 when online reviews suddenly became essential for business? They helped us and many agents I know get a lot more business. Then everyone started to cultivate reviews, and they...
Pets.com was the poster child of dotcom stupidity. They raised $300 million in a 2000 public offering, threw gazillions into marketing (sock puppet anyone?), and promptly burned through all of their...
A few years ago, I wrote my “famous” blog about that time when the Fed offered to mow my lawn. I highly recommend reading it, as it takes about a minute, will likely make you smile, and is a...
I. Are Appraisers Giving Bigger Condition Adjustments in 2026? There is a neighborhood about a mile west of my CA home that crashes when the market slows. I blog about it often, in fact,...
I. Appraisal Waivers (PIWs) do not run with properties alone; borrowers need to qualify too. An agent asked me last night whether we could check whether his listing was eligible for a PIW. And...
Congress passed another ridiculous bill to address housing affordability – that will do nothing to address housing affordability (it’s just pure political theater). The bill restricts...
The biggest surprise from the Iran war is turning out to be the best news for interest rates. Oil prices (WTI) fell below $70 per barrel this morning, only $3 above the pre-war price of...
Alan Greenspan may be the only man who is more interesting than the Dos Equis guy – “who could speak French in Russian…” Mr. Greenspan just passed away, after making an enormous mark on...
We’re working with a CA couple in their mid-80s who bought their $1.3 million home in the early 1970s for about $57,000. They want to sell and move to Idaho – and their capital gains taxes...
Interest rates moved higher yesterday in response to the Fed's comments implying we will not see a rate cut this year, among other things. The bond market then decided to remind the Fed who’s...
I. Oil prices (WTI) have already fallen to $76 per barrel. I share this because “experts” like Doomberg and Peter Zeihan have been telling us that so much oil infrastructure was knocked offline...
Factoid #1: If the spread between mortgage rates and the 10-Year Treasury were as high now as it was in 2023, the average mortgage rate would be almost 7.7%. Last year on this date, average rate was...
330% Increase in Condo Projects Losing Fannie Mae Eligibility! Some 1,700 condo complexes are non-warrantable now, meaning they are no longer eligible for Fannie/Freddie financing. Calling this...
I. In the 1520s, Hernán Cortés conquered 10 million Aztecs with only 400 men, largely because he had superior technology (gunpowder, steel, armor, ships). In the 1200s and 1300s, the Mongols...
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