New York City Seems To Be Impervious To The Tariff Tantrums So Far Some Markets Are Experiencing A Marked Slowdown In Contracts New Listings Are Either Being Withdrawn Or Added In Large Numbers There are lots of stories coming out of the brokerage community about properties being delisted or deals blowing up attributable to the Tariff Tantrums the world is currently enduring. I’ve been talking at...
There Is No International Homebuyer Currency Play For US Residential Canada’s Tourism Industry Is Boycotting The US And It Will Hurt European Tourism To The US Is Plummeting, Reducing Odds Of Housing Purchases In 20062008, international demand for US real estate was exceptionally high because investors were able to make a currency play. Buyers in Europe were looking at nearly 40% discounts on...
Ken Griffin Has Had Significant Influence Over The US Super Luxury Market "Vertical Travel" Is An Urban Real Estate Commuting Phrase Tariffs Are A Huge US Policy Mistake, Says Everyone Yesterday, I promised I would take a short break from tariff talk, so consider today's Housing Notes as a partial palette cleanser. Admittedly, I've only eased off nominally since I included two mustwatch videos on...
The Tariff Tantrum Is Pushing Mortgage Rates Higher Higher Mortgage Rates Push Rental Prices Higher Higher Economic Risk Restrains The Upswing In Housing Demand Over the last couple of days, even the uncertainty about the economy has uncertainty. It’s the incredible volatility that is causing the damage; not how much the financial markets may rise or fall in a day. It’s become evident that there...
We Still Don’t Know What We Don't Know Since The Tariffs Are Not An Economic Strategy Tariffs Are Inflationary Because They Are A Tax On The American Consumer This Ship Has Sailed: Shift To Manufacturing As US Economic Driver Every day, I endeavor to write about the nuances of the housing market. However, with the tariff tantrums coming out of Washington, DC, on an hourly basis, it is the only...
When Consumers Are Confused About The Economy, They Pause The Tariff Damage To Economy May Not Bring Down Rates If Inflation Surges The Odds Of A Recession Are Now At 60%, Up From 40% A Few Days Ago Wow. What a bizarre news cycle. This note will probably sound more like a rant than a measured discussion because that would be impossible for me. There is no apparent cohesive strategy for the...
Goldman Sachs Now Sees Three Fed Cuts Later This Year Recession Odds Are Rising Quite A Bit In Back Half Of Year Mortgage Rates Could Slide More As Economy Receives Blunt Force Tariff Trauma As I’ve mentioned here before, tariffs are inflationary, and that’s not a political statement. However, you can see in the chart below that the use of tariffs is significantly higher in Trump II than in Trump...
Tariffs Are Inflationary And Mass Implementation Will Cause Mortgage Rates To Rise 45% Of Americans Don't Know What A Tariff Is The Typical Car Part Crosses The Border 78 Times Apologies in advance for being too wonky today, but you'll have plenty of time to read about tariffs all weekend. A while back, I wrote that from the perspective of a housing market economy hoping for lower mortgage rates...
The Administration’s Call For The Fed To Cut Rates With Raise Inflation The Administration Is Looking To Walk Back Tariffs To Save Face Not Much Chance Of Big Mortgage Rate Drops This Year I haven't talked about mortgage rates much in the past month, as the Tariff Tantrums have taken up all my bandwidth. Let's set the stage for the outlook of mortgage rates: Tariffs are now 10x the levels of a...
BHHS CEO Who Denied Compass Was Acquiring His Firm Last Month, Just Stepped Down Companies Are Beginning To Use Two Scenarios When Forecasting The 2025 Economy Lack Of Clarity Continues To Define The New Global Trade War Era The headlines screamed Gino Blefari had stepped down as HomeServices CEO, and everybody in the industry gave a knowing nod. A month ago, after some terrific reporting by the...
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My friend and Chicago appraiser colleague Michael Hobbs interviewed me for a two-part podcast: "The PahrooZings Podcast showcases inspiring appraisers and professionals who are field-leaders.” I met Michael through our [...]
