Latest from Blog

All
  • All
  • Housing affordability crisis
  • Local Denver economic news
  • Local Denver real estate news and stats
  • National Economic News
  • National real estate news and stats
  • New construction data and info
  • Uncategorized

Why are RE Investors Buying More Homes?

Redfin reported that in the 3 rd quarter RE investors purchased 18.2% of all homes sold in the 3 rd quarter. Year over year RE investors are purchasing 63% more homes in the last year. How does Redfin define a RE investor? The home is being purchased by a business entity such as an LLC…

8 Reasons Why There Will Be Very Few Distressed Sales

Here are the 8 reasons why we will see so few distressed sales across our country according to Logan Mohtashami, a housing analyst with Housing Wire. ·        According to the Federal Reserve mortgage debt payments as a percent of disposable incomes are at all-time lows and this data goes back to 1980. ·        According to the Federal…

Where are Mortgage Rates Going in 2022?

Logan Mohtashami, one of my favorite analysts was interviewed last week by Housing Wire. I will focus on his thoughts on Treasury yields and mortgage rates. He believes that the 4-decade trend of lower 10 Year Treasury Yields is stronger than any economic news. Second, he doesn’t see the 10 Year T-Bill yield going over 1.94%…

Where are Mortgage Rates Going in 2022?

Logan Mohtashami, one of my favorite analysts was interviewed last week by Housing Wire. I will focus on his thoughts on Treasury yields and mortgage rates. He believes that the 4-decade trend of lower 10 Year Treasury Yields is stronger than any economic news. Second, he doesn’t see the 10 Year T-Bill yield going over…

Zillow Offers is Upside Down

Zillow paused purchases of more homes under their Zillow Offers program. Why? Too many homes for sale and they lost $59 million in the 2nd quarter with Zillow Offers. Real estate industry analyst Mike Del Prete said in Phoenix that Zillow listed homes for sale on average for 6.2% LESS than what they paid for…

Is Our Debt Causing More Wealth Inequality?

One of the wisest bond investors in the world for the last 40 years is Dr. Lacy Hunt, Executive Vice President, Hoisington Investment Management. He believes that interest rates will continue to drop as our country takes on more and more debt as this is what has happened in Japan and much of Europe. Here…

Home Price Still Soaring

Case Shiller the gold standard of home price appreciation revealed that homes prices have risen by 20% nationally. Here in Denver our prices rose by a new record high of 21.5% in the last 12 months. The FHFA House Price Index rose 18.5% from August 2020 to August 2021. This report is what directly impacts…

We Still Have Amazingly Low Rates

Everyone is concerned about rising mortgage rates, but I want to remind you that today’s mortgage rates today are still lower than anytime before Covid. Before Covid I remember the lowest rates I saw on conventional loans was 3.50% and currently they are at 3.25%, I remember a few years ago when VA rates dropped…

Great National Housing Data

Housing starts, when construction begins, declined 1.6% in September at an annualized pace of 1.55 million. Year over year starts are up 7.4%. · Single-family housing starts were 7.4% higher than last year at an annualized pace of 1.08 million. · Apartment starts saw a big decline. · Permits are a good forward indicator before…

The Death of the Starter Home

I read a story titled “The Death of the Starter Home: Where Have All the Small Houses Gone.” The author Elena Cox defined small homes as homes with less than 1850 square feet and in September there were only 300k of these small homes on the market according to Realtor.com. Here are some reasons on…

Is Housing Over-Supplied?

On October 15th Ivy Zelman whom I admire for her work in RE said that the home market is significantly over-supplied and this puzzled many other housing experts. One of them is Logan Mohtashami from Housing Wire, who asks how is this possible when inventory is at all-time lows? I agree. Ivy also said that…

We Can Close Conventional Loans Up to $625k

In light of how much home prices have appreciated in the last year we are now offering conventional loans up to $625k. Later this week FHFA will release their August Home Price Index and it will be interesting to see how much appreciation this report shows. The last report for the month of July showed…