Tag Archive for: housing market

Putting the “Median Home Price” Nonsense to Bed – Once and For All

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Earlier this week, the “Existing Home Sales” report was released for February, and it showed that the median home price in the U.S. had dropped by a whopping 0.2% from February of 2022. The media pounced on this with headlines that screamed: “Home Prices Go Negative!” But… alas, they didn’t.Read More

Market Shockingly Hot; Fast Closes Are A Thing Again; Out Of State Lender Horror Story

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Horror Story of the Month A buyer came to us recently after making offers for over two months and losing out on every one. He was using an out-of-state lender […]Read More

The Dreaded “Declining Market” Box On Appraisals! Ignorance? Pure Evil? Or – Appraisers Just Doing Their Job?

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Median = Misleading Chevron is moving its entire headquarters complex from California to the much more business-friendly Houston, TX area. I happen to know a lot of Chevron employees – […]Read More

Housing Data Remains Strong – Despite “Imminent Crash”

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Steven Van Metre is a macro analyst and financial planner who has been predicting an “imminent housing crash” for over a year, including here, here, here, here, and… here. Despite […]Read More

The Cost of Waiting To Buy a Home

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Waiting to buy a home? Learn how rising home prices and interest rates can impact your budget and purchasing power.Read More

Fannie Mae Made Rates WAY LOWER for First-Time Homebuyers!

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In mid-November, both Fannie Mae and Freddie Mac made homebuying ridiculously less expensive for many, if not most first-time homebuyers! And – I was remiss for not blogging about it […]Read More

Let’s Talk About The Great 2018 Housing Crash!

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I remember 2018 all too well, as it was one of the worst years in the history of the housing market! Values crashed as much as 30% in some areas, […]Read More

The Housing Market Is Most Definitely NOT Frozen!

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America’s housing market did not fully bottom out until 2012 – a full four years after the 2008 mortgage meltdown. But, here is what is interesting: even when the market […]Read More

The Car Wash Indicator (Scariest of All)

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We are sharing these stories from a local car wash, which has been 'ground zero' for a local indicator for looming recessions.Read More

Zillow: Prices Down 0.1%! NOT. A. CRASH.

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Good Gravy! “Good gravy” is what my South Dakota grandma used to say whenever she saw or heard something absurd – and she would be screaming that now if she […]Read More

Car Shortages to Surpluses Overnight; Things Change VERY QUICKLY

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I saw this tweet over the weekend: “The auto industry collapse has just begun and this would be one of the worst times for you to buy a vehicle. In a normal market (pre-2020), Auto Loan delinquencies hovered at 2 to 3%. Today, that number is exploding with nearly 1 in every 4 loans in default in Washington DC.” The author of the tweet is Graham Stephan, a young investor and car enthusiast, and he may or may not be right.Read More

Millennial Homebuying Trends in 2022

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Although the market seemed to have something for everyone, millennials were faced with some pretty tight competition. They were willing to take risks like foregoing typical contingencies like having a home appraisal or home inspection. They were willing to buy a home sight unseen. They were even willing to submit offers above asking price. Now that interest rates are rising and the competition is starting to die down, what can we expect from millennial homebuyers in 2022? Let’s take a look. Read More

Do Price Reductions Signal Depreciation?

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Price reductions do not signal depreciation… yet.. and they won’t until we see people actually sell their homes for less than what they paid for them.Read More

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, […]Read More