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Economic Analysis

Economic Analysis

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,

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

How the Immigration Crisis will impact Home Prices

How the Immigration Crisis will impact Home Prices

A record 2.4 million immigrants crossed the Southwest Border in 2022. More will cross in 2023. These historic levels of immigration will have a big impact on both the US Housing Market & Economy over the next several years. Trends that you should be paying attention to as a homebuyer.

How the Fed destroyed the US Housing Market

How the Fed destroyed the US Housing Market

The 2023 Housing Market is frozen. Buyer demand is way down. But so are new listings. After a 9-month correction, prices are going back up this spring. And are still near all-time highs. So I thought it would be good to ask: how did we even get to this point

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

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/