How do we make housing more affordable? Simple answer: We can’t...at least for now. It’s a tough question with complicated answers, in large part because well intentioned policies are working against each other.
The Counselors of Real Estate will crack the code at the annual meeting in Boston September 11-14. Cheers, Chowder and Change promises a current comment on ground zero. Cash is loaded in a cluster of barrels, all prepared to unload.
Finding people to fill jobs seems to be a common problem across industries these days, and the commercial appraisal field is no exception. According to the Appraisal Institute (AI), research shows the number of appraisal professionals has been shrinking at a rate of 2.6% per year for the past several years.
I know this could be construed as broad generalization, but it’s up here for discussion. Many economic behaviors result from decisions based on
Interest rates are finally increasing. Red hot inflation, now at overall 8-10%, is in the Federal Reserve Bank’s cross-hairs. The Fed increased the short term borrowing rate by .5% in May, with expectations for another raise in June and July.
We’re halfway through 2022 and I’m not sure most people have even noticed. After what has been the longest staycation of our lives, time now seems to be moving at warp speed. Now that I’ve reflected on what has felt like a nearly unending experiment
Maybe housing is in a bubble. Some think so. The Dallas Fed was blunt in its assessment: “U.S. house prices are again becoming unhinged from fundamentals.” But their researchers don’t think it would be a repeat of the Great Recession/Housing Crash of 2008.
I recently sponsored a young woman who wanted to be an appraiser trainee. She found me, she knew she wanted to be an appraiser, she had already taken all her classes, and she needed a mentor.
Recently, I have had an “opportunity” to invest a small amount of money in real estate “disruptive technology.” Specifically, it was a startup in residential “I-Buying,” the nickname for instant buying.
The FOMC announces a 0.5% increase on rates to 0.75%-1% for a soft landing. More job offerings than job seekers and wage gains should persist. Lending should increase the rate in borrowings, easing expansion, fueling inflationary pressures
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