Rates & Jobless Claims Improve, Beige Book Updated

The ‘Beige Book’ is a beige covered book released by each of the 12 Fed banks around the country 8 times a year and it focus on anecdotal stories instead of data. This year the Minneapolis Fed added two new entries: (these rarely get updated) worker experience – traditionally the focus is on business feedback […]

Tax Extension Fine Print, MBS Catch a Break, Inflation Indicators

The Federal tax deadline was delayed to May 17th but please read the fine print – not all states have extended their deadline to conform with federal guidelines and some states have even pushed it out further. If you are self employed and you pay quarterly estimated taxes, the due date for first quarterly payment […]

Infrastructure Plan, Rents Normalizing, Home Appreciation 15 Year High

Infrastructure Part 1- Biden outlined his $2T infrastructure plan this week – it is structured as $250M per year over 8 years funded by an increase in corporate taxes from 21%-28% (still lower than 2017 cuts) and the elimination of a rule that allows U.S. companies to pay no taxes on the first 10% of […]

Mars House, Mild Inflation, Strong Home Sales

Tired of getting beat out making offers on homes, why not purchase a digital one? This home is chalk full of features including gem-like furniture made from tempered glass & a roof embedded with MicroLEDs capable of displaying different colors or even landscapes – did I mention that the backyard view is in Mars? If […]

2020 Affordability, Fed Consistent, SFR Permits Improve

Even though home prices increased reached an all time high last year affordability increased significantly. A good reminder that that their are multiple factors to consider when purchasing a home and chief among them is monthly payment compared to monthly wages – not what rate or what price. Rates increased again this week as Mortgage […]

New Stimulus, Strong Equity, Light Inflation

$1.9T in Stimulus includes: $1,400 to individuals meeting requirements$300 additional weekly unemployment benefits extendeduntil Sept 6th, gig workers can qualify. Student loan forgiveness not taxable through 2025! Child Tax Credit is now more generous increasing as much as $3,600 per child. Rates – Increased again this week continuing the 2 month trend. Rates are down […]

Digital Renaissance & February Jobs Report

Cryptocurrency has given birth to a Renaissance* in digital art. This pixelated pop-tart rainbow cat’s original image and code (non-fungible token) sold for a whopping $590,000. A NFT or non-fungible token cannot be exchanged for another thing of equal value, it’s one of a kind. Which is how cryptocurrency is sold. Ultimately what your buying […]

2021 = Recovery? Home Sales & Values on Fire

Three positive economic indicators in 2021:1.) People are spending money again – retail sales are up 5% and bar/restaurant sales are up 7%2.) The lives of more economically vulnerable people are improving – 5 million fewer people reported not having enough food to eat (unfortunately there are still 24M people short on food) and only […]

Propane Demand, Mortgage Rates Increase, Home Building

Pandeminomics: If you have tried to find propane recently (this week I felt the squeeze on bar & chain oil & non-ethanol gasoline) you must understand that 50% of people get their heat from liquid propane or natural gas in this country. When power goes out people turn to propane and non-ethanol gas to run […]

Dumplings for a Party, Mortgage Rates Increase, Tepid Inflation

Happy Lunar New Year! Hope everyone is enjoying time with family & friends and eating lots of good food. A big thank you to all of our clients, business partners, friends & family for the great year of the Rat. We are sad to cancel our annual dumpling party – instead I made a video […]

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