A reader sent me this provocative article in The Atlantic, with the provocative title, “The Homeownership Society Was a Mistake.” At first, as I read through the damn thing, I was concerned that the writer had tapped into something real in the psyche of younger Americans who are getting royally screwed by the economy generally, … Read more
I have had to think about Redfin after Q3 of 2022. Redfin has been my favorite brokerage for years now for a few reasons. I have thought their commitment to the consumer was unshakable, and the desire to save consumers money and to improve things for buyers is written into the DNA of the company. … Read more
This will be a quick one. Just had lunch with a friend and client who has been a broker for decades. We got to talking about what we both think is headed our way in the next several quarters. Basically, doom for real estate in a variety of ways as the Fed tries its best … Read more
I have to go back to work on a number of projects, but… I had to puzzle this out with you all in public. The latest Redfin report on the housing market is… weird. The headline is “mortgage payments hit all time high” as the Fed keeps hiking rates. So the recommendation is for sellers … Read more
As most of you know, I used to do in-depth updates for each of the publicly traded companies in the residential real estate sector. Since I’m not an investment analyst, my interest was always on what the public information these companies had to disclose signifies for the real estate industry as a whole. I still … Read more
Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. In this episode, I react to a wonderful video from Blockworks called “What Will Happen if the Fed Raises Rates with Danielle DiMartino Booth.” I strongly recommend viewers to consider … Read more
Just watched a YouTube videos from Nicholas Gerli of Reventure Consulting that has me wondering about the housing market in the years to come. The big question is, could investor demand alone sustain current (and future) home prices? You can watch the full video below, but the fundamental take is that home prices will collapse, … Read more