Demand is going down as buyers leave the market
Wednesday, July 06
Quick article here from CNBChttps://www.cnbc.com/2022/07/0...Basically Mtg rates are falling, but that is not keeping buyers in the market.It is an odd market right now.6 months ago I used to go to an open house on a Saturday and it was mobbed, today I am the only person there.Sellers used to get...
Rental Affordability in Worcester, MA
Tuesday, July 05
I was reading an article in the Worcester Business Journal and came across this statistic. In 7 of the 9 zip codes in Worcester, the Median income is lower than what's needed in order to afford a 2 BR apartment, meaning 1/2 of the citizens cannot afford market rates. I have been saying this for a...
Reduce inflation, Have Student loan Buyers start paying again
Tuesday, July 05
I feel like I am beating a dead horse here (I'm sure that this is offensive to say) but borrowers need to start paying their student loans. All federal student loans have been in Forbearance since March of 2020 and they are set to start paying on August 31, 2022. PLEASE START PAYING. We are hav...
The Government created the bifurcation of the American Economy
Saturday, June 11
This may seem a bit harsh, but I believe that during Covid and the stimulus that was created to "save" the economy, the bifurcation of the US economy deepened. The stimulus created lots of checks going out: to pay people not to work help pay rent pay for people who had kids to support them For a...
We are in a Rent Crisis- and your landlord is in trouble too
Saturday, June 11
Does this graph (above) scare you? This is Owners Equivalent Rent (OER) Basically this shows how much it would cost to rent houses that owners live in, or the amount they would be willing to rent the houses that they own for.As you can see it is simply going up. This Graph (above) is what is h...
Were earnings in Housing pulled forward due to Covid?
Monday, June 06
We are seeing in the stock market that various companies earnings came earlier than expected. Basically Covid-19 made certain "stay at home companies" more profitable since everyone was staying home, watching Netflix and ordering from Amazon. The same could be said for housing. All the people wh...