January 8, 2019

To understand unemployment, one must track the statistics over time. The BLS revised lower prior period employment gains and shifted the gains into December. The revisions are not
published until the annual benchmark revision, on which no one follows or reports. Forget...

August 22, 2018

For the most part, seasoned real estate investors have long standing relationships with their bankers and don't need help with a refinance or a loan commitment for a new multifamily property. However, an experienced mortgage consultant usually has a few tricks up his s...

February 19, 2018

Increase in mortgage rates will cause house prices to decrease over the next three quarters in 2017.

November 17, 2017

Bleecker Street, said Faith Hope Consolo, the chairwoman of the retail group for the real estate firm Douglas Elliman, “had a real European panache. People associated it with something special, something different.” Ms. Consolo, who has negotiated several deals on the...

October 11, 2017

From a broad view, everything is dandy in the US housing market. Recent trends however, should be ringing alarm bells.

Pending home sales drop 2.6% in August; top Realtors economist warns housing market 'stalled'

"August was another month of declining contract activity b...

August 24, 2017

Let’s look at two statistics that came out over the past seven days and make sense of what is happening. First, last week, the Mortgage Bankers association announced that purchase mortgage applications have dropped 2% for the week of August 11th. 12 weeks of dropping o...

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