March 23rd – Overflow Conditions

What I'm Reading Overflow: The red hot housing market coupled with stubbornly high unemployment has ignited a boom in new realtors.  However, housing supply - which was already low before 2020 - has been dropping like a rock and there are now more realtors than homes for sale in the...

March 10th – Postponement

What I'm Reading Postponed: The Federal Housing Finance Agency has announced that Freddie Mac and Fannie Mae will extend multifamily forbearance for COVID-19. Qualifying multifamily property owners will be eligible for forbearance through June 30, 2021. The program was scheduled to expire on May 31, 2021.  This move includes eviction...

March 1st – Fuel on the Fire

What I'm Reading Fuel on the Fire: With long rates rising, investors in the mortgage bond market had to sell treasury positions in order to hedge their holdings, accelerating last week's bond market selloff.  Christopher Maloney of Bloomberg explains what is happening perfectly:  The forced sellers are investors in the...

February 16th – Flight to Paradise

What I'm Reading Flight to Paradise: With the northern hemisphere in the middle of winter and many regions still under pandemic lockdowns, wealthy buyers are more motivated than ever to purchase homes on warm-weather islands, sometimes sight unseen. I'm seeing this play out in real time on the big island...