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Nick Gerli

Home Sales COLLAPSE in California (and Vacation Cities)

Home Sales COLLAPSE in California (and Vacation Cities)

The National Association of Realtors just released their February 2023 Home Sale Report. And boy - does the data send some conflicting messages about the Housing Market. I will break down the results of the the NAR Report later in this post. Because I want to start by talking about

More Bank Failures are Coming. Here's how to Prepare.

More Bank Failures are Coming. Here's how to Prepare.

The problem with a Bank Crisis is that eventually it become a self-fulfilling prophecy. One large bank goes under. Then other banks start failing. Then liquidity in the market gets even more constrained. And more bank runs happen. I believe the failures of Silicon Valley Bank and Signature Bank are

Top 5 ways the Banking Crisis will impact Housing Market

Top 5 ways the Banking Crisis will impact Housing Market

By now I'm sure most of you have heard that Silicon Valley Bank, the 16th largest bank in America, has collapsed. Signature Bank has also collapsed. And First Republic Bank looks like it might based on a 70% decline in stock price. There's numerous things that can be written about

Housing Inventory DROPS as Cash Buyers Return

Housing Inventory DROPS as Cash Buyers Return

Realtor.com just released February 2023 Inventory figures for the US Housing Market. And on initial inspection they're...confusing. Because even though leading indicators of buyer demand collapsed in February, home sales actually went up. Which caused inventory to go down. Specifically: the number of Active Listings on the market

Inflation is BACK. Mortgage Rates to 10%?

Inflation is BACK. Mortgage Rates to 10%?

After a brief hiatus, Inflation is now roaring back into the world economy in early 2023. The result is spiking interest rates and mortgage rates. Many homebuyers and investors are now asking: * Just how high can these Mortgage Rates go? * Could we be in for a repeat of the 1970s/

Builders Cut Prices. Home Sales Jump 18%.

Builders Cut Prices. Home Sales Jump 18%.

Home Builders are cutting prices. And the price reductions are working to attract buyers back into the market. With builders reporting an 18% jump in sales in the most recent US Census Bureau report. This report is adding to the bullish sentiment that has developed in the Housing Market over

Mortgage Collapse gets Worse. Lowest Buyer Demand in 28 Years.

Mortgage Collapse gets Worse. Lowest Buyer Demand in 28 Years.

Shocking. Unprecedented. The first time in 3 Decades. All those descriptors apply to today's mortgage application report from the Mortgage Bankers Association. This mortgage report is very important because it provides a real-time view into into the health of the US Housing Market. It's a leading indicator. Meaning it gives