There is a signal that has predicted most previous recessions: tens and twos invert. Demand rises for the two year and declines for the 10 year. Normally, the longer I keep your money, the more I have to pay in interest. The two year should always be lower than the 10 year since the government …
Last month we talked about seasonality and how we might need to get past Valentine’s Day to have a good understanding of what was going on in the housing market (February Economic Update). To quickly recap, most markets in the U.S. see a great reduction in inventory going into November and this tends to linger …
Wait… days on market is up, total sold properties has dropped like a rock, and months supply is up? All of those signs should point to the market slowing down (finally), right? If properties are on the market longer, not as many are selling, and we’ve got a 53% increase in months supply that all …
I am typing this at 9:20 am on Jan 24th and the DJIA is down 1,084 points. I am sending and receiving texts with people worrying, crying, asking if it’s because of the supply chain, inflation, Russia and Ukraine, when will it end and go back up, and don’t even get me started on what …
Predictions are fun. Mostly because some topics, like the real estate industry’s trajectory for 2022, are impossible to predict. Though I did pretty well last year (how’s that for a humble brag?), let’s saddle up for another round of Crazy Uncle Keith’s predictions for the new year. Affordability: The perfect storm, and not the fun …
2022 Housing Market And Economic Forecast, Unfiltered Read More »
So it’s always fun to look back at predictions and see how one did. Usually, we’ll sweep our losses under the rug and promote our successes from the Twitter or Instagram mountain tops. In an effort to be unbiased, I thought it would be fun to take a look at my predictions for 2021. Luckily, …
Let’s chat about Crazy Uncle Keith’s side of things on foreclosures. ATTOM Data Solutions came out with some data about an increase in foreclosures, and it has a lot of people writing some clickbait-y headlines like, “Year-End Outlook: A ‘Tick To Torrent’ of Foreclosures Expected in 2022” from RISMedia. The biggie from their data is …
On September 20th we saw a really bad day on Wall Street. At one point the Dow Jones was down over 900 points or over 2%. Yikes. So why? The headlines were about Chinese developer Evergrande Group warning about cash flow problems. However, this is too simple of an explanation. There are a few things …