Tag Archive for: COVID

Supply Chains Untangling; Inflation Waning? Who Was Right?

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For much of 2021 we were shown photos of container ship parking lots drifting far out to sea – with dire warnings of inventory crises and mass shortages. But today, Leonard Steinberg shared this in his Compass blog:Read More

Fastest Rate Increase Since 1981; Will Recession Lower Rates?

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The Fed has engineered the fastest increase in mortgage rates since 1981 – as rates have nearly doubled over the last several months. And, interestingly, housing continues to appreciate for the usual reasons we cite often: (1) inventory remains at record low levels primarily due to a lack of building, not demand, since 2008; (2) demand remains stronger than ever primarily as a result of demographics or millennials hitting homebuying age; and (3) affordability has not been affected as much as people think because incomes have risen with inflation.Read More

Housing Inventory Crisis! How Bad Is It?

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Picture yourself walking into your local Whole Foods and seeing 2/3 of the shelves entirely empty. That is exactly the state of the single-family residential real estate market today, according […]Read More

“I’m Having My Best Year Ever; Why Don’t I Qualify?” “What Are My Options?”

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The title of this blog is a lament we hear all too often from self-employed borrowers, and last week was no exception, as we received an email that said exactly […]Read More

America Always Bounces Back; Sage Investment Advice! Good For Psyche Too

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FOUNDER BUYS STOCKS AFTER BLACK MONDAY CRASH I was working for an investment bank on “Black Monday” in 1987 when the stock market crashed and fell 20% in a single […]Read More

5 Major COVID Effects After One Year; Way Hotter Housing Market – WHY?

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It was one year ago this month that the World Health Organization declared that the “Coronavirus” (old-fashioned name for COVID) was a “pandemic.” And holy smokes has the world changed […]Read More

2.7 Million Borrowers Still In Forbearance; Foreclosure Crisis Coming?

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The WSJ reported recently that 2.7 million borrowers are still in forbearance. That is about 5.5% of all borrowers, down from about 8.5% in June, but the number of borrowers […]Read More

Biden Wins & Vaccine News; Effect On Mortgages & Interest Rates

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Joe Biden was declared the winner of the election over the weekend, and the markets … did very little. When I refer to “the markets,” I am referring to both […]Read More

4 Reasons NOT to Fear “The Coming Tsunami of Foreclosures”

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Forbes.com recently published The Serious Disconnect Between A Hot Residential Real Estate Market And The Coming Tsunami of Foreclosures. And I thought, here we go again… The author expresses serious […]Read More

Mark Cuban Was Right; SF’s Death & Revival; IKEA & Honey Badgers

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A few weeks ago I blogged about The Death of New York City, citing another blog by James Altucher that set out reasons why NYC is not going to recover: […]Read More

Why COVID-19 Is Not Hitting Housing Prices

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A few weeks ago, I blogged about why we are not seeing more foreclosures despite our severe recession and a huge number of delinquent borrowers. The reasons include: (1) borrowers […]Read More