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Interest Rates Impacting Real Estate – August 14 2015 – Issue 12
We have a dog named Lucy that believes if she stares long enough at an object, she will eventually get it (and she usually does). Perhaps this forecast on interest rates is similar. If I keep it up...
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Where the Federal Reserve Bank Open Market Committee Members Stand on...
September looms large regarding the outlook for interest rates. The Federal Reserve Bank is approaching the annual Jackson Hole, Wyoming meeting of the two-day Federal Open Market Committee (FOMC),...
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Don’t Blame China – I Blame the Fed
The recent hiccups on Wall Street were blamed by the media and many Wall Street analysts on a faltering Chinese economy. The logic follows that as the Chinese economy shrinks, they will reduce U.S....
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Interest Rates Impacting Real Estate – September 12 2015 – Issue 13
Ted’s Forecast by Fall 2016 (unchanged) 30-Year Residential Rates 5.2 to 5.6 Percent (6 percent is also feasible) 10-Year Treasury 3.46 Percent After a few weeks hiatus this is the renewal of the...
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Job Creation Slows in September 2015 — The Fed Has an Empty Gas Tank
With job growth projected in the 200,000+ level for September 2015, the tepid 142,000 jobs added did not sit well with the markets. Even uglier, the Bureau of Labor Statistics readjusted downwards the...
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US Adds 211,000 New Jobs in November 2015 — Ups Original October 2015 Gain...
The U.S. added 211,000 net new jobs in November 2015. The Bureau of Labor Statistics also restated the preliminary October 2015 estimate from a gain of 271,000 to 298,000. Ditto a September restatement...
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As Sure A Bet as You Can Get Today — The Fed is Raising Rates This Week
Commenced a special blog series in the Spring of this year believing that the Fed would raise rates – but at that time my expectation was a rate increase in June. Wrong. I then kept up a weekly special...
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A Look at Refinance and Purchase Lending Expectations for 2016
Transaction volume is the backbone for real estate professionals. Sellers selling, buyers buying — and for those impacted by refinancing – borrowers with mortgage loans refinancing are key to the...
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March Existing Home Sales Up 1.5 Percent Year-Over-Year and Up 5.1 Percent...
March 2016 existing home sales rose 1.5 percent year-over-year on a seasonally adjusted annualized rate (SAAR) of 5.33 million, which was also up 5.1 percent sequentially from February per the National...
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Another Top-10 List — Best (and Worst) Markets for Renters to Become Homeowners
When it comes to homeownership, one size does not fit all. There are markets that have comparably higher rents that favor homeownership. Some markets are highly expensive to own a home versus renting....
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DrTCJ’s Tweets August 26, 2016 Through September 8, 2016
For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter...
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30-Year Residential Mortgage Rates Jump to 3.94 Percent Vs 3.57 Percent a...
One week following the U.S. Presidential election, 30-year conventional fixed-rate residential loans rocketed up 37 basis points from 3.57 percent to 3.94 percent as investors commenced dumping their...
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Interest Rates — Upward Trajectory But At Least a Throttle-Down Last Week
Interest rates continue to escalate post-election, with the 30-year fixed-rate conventional mortgage hitting 4.03 percent in week ending November 23, 2016 – the first time above 4.0 percent this year...
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Commercial Capitalization Rates and 10-Year Treasuries
Had the opportunity to participate in a panel on industrial real estate this month at a national commercial conference. I was taken aback by a broker and fellow panel member that truly believed that...
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November 2016 Existing Home Sales — Reading Between the Lines
If you read the glowing headlines regarding November 2016 existing home sales, euphoria is a likely descriptor of the results. On the surface, the National Association of Realtors® (NAR) reports that...
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Residential Buy Versus Rent by State
One of the largest decisions anyone makes is whether to purchase or rent a home. The answer is not always straight forward. Many factors are required to reach a financial solution: home price,...
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Residential Purchase and Refinance Lending Volume Forecast Update — July 2017
As we economists say, “forecasting is difficult, especially the future.” Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending...
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Average Mortgage Interest Deduction by State — 2015
Congress has encouraged homeownership by allowing the deduction of home mortgage interest payments and property taxes on primary and second homes owned by individuals. For full details on home...
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Residential Purchase Lending Volume Forecast August 2017
As stated last month: As we economists say, “forecasting is difficult, especially the future.” Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for...
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2018 & 2019 Refinance and Purchase Lending Forecasts as of January 2018
As we economists say, “forecasting is difficult, especially the future.” Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending...
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