Posts

China’s Massive Housing Bubble? Will It Affect Us?

160 Million Units For Sale In China (vs. 3 Million In The U.S.) China has somewhere between 55 to 65 million unoccupied properties, depending on the source, and an additional 93 million units under construction. Famous financier, Hugh Hendry, was on this Rebel Capitalist Podcast in December discussing China’s extremely precarious property market – and […]Read More

Rates Shot Way Up Yesterday; Why? Will They Come Down Again?

Interest rates shot way up yesterday – catching most of the industry by surprise (again). This is because rates have held amazingly steady for the last several months – but now rates are back up to levels we have not seen since early July. WHY DID RATES GO UP? The primary reason is a “Taper […]Read More

Are China’s Woes Good for Mortgages and Real Estate? Yes, and No

CHINA LOWERED OUR INTEREST RATES Rates opened up lower today, partially because of the issues China is having with some of its more debt-laden companies such as Evergrande (the huge Chinese Developer teetering on bankruptcy, that was all over the news last week) – according to Barry Habib of MBS Highway. Mr. Habib reminds us […]Read More