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Common-Sense Solutions to Our Housing Crisis
Last Wednesday Vincent Carroll in The Denver Post wrote a great opinion piece titled, “The Common Sense, Unpopular Ways to Ease Colorado’s Housing Crisis.” Vincent wrote his column after the release of a new study by the Common Sense Institute with solutions to our affordable housing crisis. Vincent also referred often to a study from…
Why Inflation is Not Transitory
One of my favorite national economists is Brian Wesbury, chief economist for First Trust Portfolios, and in this video he explains that the Fed has increased our money supply by 30% since February 2020 and that prices must and will increase by 30% over time, whether it be 2 years, 4 years or as long…
This Could Cause 2021 to Repeat Next Year
Many top economists believe the Fed will announce at their Jackson Hole Conference August 26th-28th that they will begin reducing their purchases of mortgage bonds later in the year. This announcement will most likely lead to higher mortgage rates at this time. What does this mean for us? Don’t’ expect mortgage rates to go any…
Disagreement at the Fed Over Tapering
The Fed’s Meeting Minutes were released last week and they showed some disagreement between Fed members over the process or timing of tapering as some members thought it was appropriate to taper their purchases of both mortgage bonds and Treasuries, while other members thought they should only reduce their purchases of mortgage bonds. Further their…
This RE Trend is Sweeping Across America
Ivy Zelman, one of the top housing experts in the country, recently spoke about this RE trend that has DOUBLED from 2018 to 2020. It’s Build-For-Rent in which home builders build homes specifically to be rented out. Nationally Build-For-Rent had a 4.5% market share last year; but in the Carolinas, Arizona, Texas, and Florida over…
Another Fed Member in Favor of Higher Mortgage Rates
A second Fed voting member, Chris Walter, last week said that the housing market is on fire and doesn’t need any unnecessary support from the Fed with lower mortgage rates and he would be in favor of reducing their purchases of mortgage bonds this year. This is a sign that mortgage rates will be increasing…
Solutions for Our Affordable Housing Crisis
Aldo Svaldi wrote a story on this topic last Saturday in The Denver Post based on a new white paper from the Common Sense Institute. CSI interviewed 40 housing experts across CO on how to address Colorado’s housing shortages, what is working and what is not working, and what they would do to fix the…
Will Foreclosures Soon Surge Higher?
The foreclosure eviction moratorium was extended another month last week to the end of July. Here are some facts about the number of loans in forbearance- · According to the Mortgage Bankers Association the number of borrowers in forbearance is down to 2 million, down about 60% from a year ago. · 24% of all…
RE Investor Loans Get More Expensive Again
Sales of homes for non-primary residence use rose to 17% from 14% one year ago in May across the country according to NAR. Vacation home sales accounted for 6.5% while sales of homes to rent out rose to 10.5% in May 2021. Earlier this year Fannie and Freddie announced new restrictions on how many rental…
The Fed Talks Inflation
Last week Fed Chairman Powell spoke in front of Congress and said the large price increases are primarily the result of temporary supply bottlenecks and the fact that prices fell sharply last spring at the beginning of the pandemic, thus making inflation today look much higher or hotter. Still he did admit, “inflation has been…
The Fed and Inflation
The Fed’s Policy Statement last Wednesday rocked the bond and stock markets with these points or stats- · They believe our GDP will increase by 7% this year up from 6.5% previously. · They are predicting that PCE inflation this year will increase by 3.4%, up from 2.4% 6 weeks ago. This is a BIG…
