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Nick Gerli

Phoenix is getting hit by Airbnb Bust (72% Revenue Crash)

Phoenix is getting hit by Airbnb Bust (72% Revenue Crash)

Airbnb Bust is sweeping America right now and causing big problems for Airbnb owners in certain cities. Revenues are way down. Many are struggling to break even. And some are even now losing money after paying their expenses. This trend is especially evident in Phoenix, AZ. Where Airbnb revenues have

1% Mortgages are here (Subprime Crisis 2.0?)

1% Mortgages are here (Subprime Crisis 2.0?)

Some interesting news hit the Housing Market last week. Rocket Mortgage and United Wholesale, America's two largest mortgage originators, unveiled that they are now offering 1% downpayment mortgages to qualifying borrowers. These mortgage products seek to make it easier for low-income Americans to buy a house in 2023 by offering

Why Real Estate Investors stopped Buying (-64% in Phoenix)

Why Real Estate Investors stopped Buying (-64% in Phoenix)

Earlier this week Redfin reported that real estate investors abandoned the Housing Market. Reporting a record 49% YoY decline in investor home purchases across America in the first quarter of 2023. In one year, real estate investors went from dominating the US Housing Market to running scared due to a

New ADP Jobs Report is not good. Recession continues in Tech & Finance.

New ADP Jobs Report is not good. Recession continues in Tech & Finance.

ADP just released their May 2023 job report today and the report was not good. It showed continued layoffs in high-pay industries like tech, finance, and manufacturing. To go along with heavy job losses in the South. These trends suggest that the US Economy, and by extension the Housing Market,

Investors officially abandon Housing Market in 2023 (49% Drop in Purchases)

Investors officially abandon Housing Market in 2023 (49% Drop in Purchases)

It's official: real estate investors have abandoned the Housing Market in 2023. With data from Redfin reporting a colossal 49% YoY decline in investor home purchases in the first quarter of 2023. This is the biggest annual decline in investor demand in US history (at least going back to 2000)

May 2023 Housing Update (Rental Inventory Surge)

May 2023 Housing Update (Rental Inventory Surge)

May 2023 was a step in the right direction for homebuyers across America. For Sale Inventory, which had been on a downward trend since last October, finally registered positive growth. Particularly in certain counties across California, Utah, and Washington. Moreover - Rental Inventory on the market had a big surge

Mortgage Rates back to 7%. Another Homebuyer Collapse Coming?

Mortgage Rates back to 7%. Another Homebuyer Collapse Coming?

Mortgage Rates have roared back to 7% on the 30-year fixed. A signal that there will likely be another collapse in homebuyer demand in the US Housing Market. And that sellers should get ready to cut prices over the summer. First things first - here's a chart from Mortgage News