What I'm Reading Staying Power: Zillow's latest forecast predicts that the year-over-year rate of home price growth will hit 22% in May before gradually slowing to 17.8% in February 2023. This despite a dramatic rise in mortgage rates and decline in household affordability. Zillow It's almost as if people who...
May 19th – Center of Gravity
What I'm Reading Center of Gravity: While the Biden tax plan roiled markets over the past few weeks, corporate executives and lobbyists and lobbyists are confident that centrist Democrats in both the Senate and House will ultimately kill almost all of the proposed increases. Politico Burn Out: Mortgage demand has...
May 14th – Safe Haven
What I'm Reading Safe Haven: Capital is flooding into Opportunity Zones as other traditional real estate tax advantages come under fire from the Biden Administration. At the moment, it looks like any revisions to the program will be minor, making it relatively more attractive to investors in the event that...
April 26th – Diamond Hands
One Big Thing One universal rule that becomes even more apparent when raising young children is incentives - whether positive or negative - drive everything. Tell a kid to clean her room and you may get an attitude. Promise her a reward of some sort if its clean for a...
March 2nd – Backroom Deal
What I'm Reading Locked and Loaded: Private Equity firms’ global real estate funds are now sitting on more than $300 billion of unspent cash, according to Preqin data. Their attention is now turned to what happens when government support and bank forbearance expires. Most of this capital is looking for...
February 4th – Signs of Life
One Big Thing Today I'm going to focus a major investment sale broker pet peeve: yield fluffing (and yes, I made up that term). For the uninitiated, a fluffer is someone who gets a male porn actor ready to "perform" before the cameras start rolling. I'm not going to explain...
January 20th – Coming Into Focus
What I'm Reading Coming Into Focus: With COVID-19's resurgence, the early days of the Biden Administration will likely have a heavy focus on health and economic stabilization with an emphasis on infrastructure as well. As a result, it is less likely that proposals to narrow or eliminate 1031 exchanges will...