Tag Archive for: recessions

The Car Wash Indicator (Scariest of All)

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

Fastest Rate Increase Since 1981; Will Recession Lower Rates?

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