This week in rental property, average long-term U.S. mortgage rates inched up to 3.91 percent from last week’s 3.90 percent. Federal Reserve announced to keep interest rates unchanged. Forbes and Fidelity discusses the significance of the Fed’s decision. Also, we capture Janet Yellen’s quote on the housing market from her press conference earlier this week. NAHB drills down on...
With the New Year approaching, consumers, investors, industry experts, and policy makers alike all cast a critical eye toward the 2015 real estate market. 2015 marks nine years since the housing bubble peaked before crashing, and three years after home prices hit a record low post-recession. This recovery has been a slow one, and 2015 will continue the trend of slow growth, but the market is...
As short-term political motivation sullies the sanctity of central banking, presumptuous open market meddling, unrestrained by the boundaries of logic, makes a ticking time bomb of Federal Funds. It’s time we meditate on circumstance, accounting for the rational and the hardly so. Let’s see: inflation without spending? A stagnant, yet expanded money supply? At what point did capitalism become so...
Today we field a great question from one of our RentPosters in California. It’s a great opportunity to discuss the ins and outs of condo investments, the current real estate market, and the future of the U.S. economy. Read closely, you will not want to miss this one, as we review the economic forecast for the coming decade. “J” from California writes: Tony, I am a very...
The trend is to leave all fingers pointed to Fannie Mae and Freddie Mac, the two government sponsored companies who repurchase and are in control of nearly 90% of the mortgages in our country. In essence, they are the driving forces behind mortgage lending in this county. However, to blame mortgage repurchasers is a very superficial approach, and shows a very superficial understanding of the...