Posts

Why The Fed Desperately Wants to TANK the Housing Market!

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One of my favorite macro pundits, Alfonso Peccatiello (former $20 billion fund manager who goes by “Alf”) recently tweeted this: “The biggest group of consumers in the US owns houses, not stocks. And this is why taming the animal spirits in the housing market is paramount important for the Fed. And they will succeed…” He […]Read More

Is The Fed Trying to Tank The Housing Market – Or Just Slow It Down?

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Agents in many of the markets we work in are telling us that they are now finally seeing a slowdown in the market. One agent who lists high-end homes in the Bay Area told me that he “used to tell sellers to remodel their kitchens, update flooring, repaint walls, and spruce up landscaping before listing […]Read More

Still No Housing Bubble – Because Rates Are 3% Lower Than In 2006!

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MBS HIGHWAY HITS HOUSING BUBBLE AGAIN Barry Habib, Founder of the MBS Highway, hates it when the media spreads irrational fear about a housing bubble. He also shares marketing materials that subscribers to his content are allowed to share without attribution to him, but that is anathema to me. Below is a script he recently […]Read More

Why CA Is So “Hot;” Median Home Prices

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MEDIAN HOME PRICES If the CA housing market was not appreciating at all, but every buyer suddenly decided they would only buy 4,000 square foot, $1 million homes in 2021 after only buying 2,000 square foot, $500,000 homes in 2020, the median home price would double. And this would lead many people to mistakenly believe […]Read More

Why Now Is The Best Time to Buy – Again; Home Prices 8.45% LOWER In January

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We beat this dead horse all too often but am beating it again because it is excellent information to share with potential buyers who may be on the homebuying sidelines for a variety of reasons. Mansion Global recently published a column titled With Recession Fears Diminished, January Is a Smart Time to Buy. Here are […]Read More

Why Higher Rates Don’t Hurt Home Prices

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“When rates go up, home prices will crash!” We have all heard similar statements numerous times, but they are not true. While higher rates increase mortgage payments and decrease qualifying amounts, they do not depress home prices according to the podcast. TWO REASONS WHY HIGHER RATES DON’T HURT HOME PRICES: 1. More Demand: Higher rates […]Read More