MARKET UPDATE – FEBRUARY 2024
The bulk of this month’s real estate blog will, obviously, be devoted to the flight path and most efficient means by which Taylor Swift will be able to make it from Tokyo to Las Vegas in time for this weekend’s Super Bowl kickoff. However, before discussing such important issues, let me try to provide a […]
NEWSLETTER – JANUARY 2024
A Year in Review It’s the final week of the year and, while relaxing fireside, I stumbled upon an article from the venerable authority on economic expertise and analysis, USA Today. According to the article, Rochester is forecasted to be the third hottest real estate market in the country in the coming year. They’re predicting […]
MARKET UPDATE – DECEMBER 2023
Section 202 of the Federal Reserve Act of 1977 vests the Fed with the power to control inflation. When things become overheated, the Chairman and the Board of Governors often raise interest rates to slow down overzealous consumers and encourage them to sit on their purses and hide their wallets. As we approach the second […]
MARKET UPDATE – NOVEMBER 2023
This past week, a Missouri jury found the National Association of Realtors (NAR) and two national real estate brokerages guilty of violating the Sherman Antitrust Act. It’s a complicated case but I’m going to try to break it down for you as easily as I can… The extraordinary verdict determined that the NAR, Keller Williams, […]
MARKET UPDATE – SEPTEMBER 2023
Market Update This past May, Corey Moran and I were recording our weekly podcast and I made the following statement, “I’ve got to be careful because it’s just a few days worth of data, however, I’m wondering if the market is starting to change.” Well, three months later, I have a definitive answer. Indeed, the […]
MARKET UPDATE – JULY 2023
Positive Market News It seems that some things, once started, are nearly impossible to stop. You know, sort of like your teenage daughter’s inability to set Tik Tok aside until she’s mastered the Renegade Viral Dance Challenge. Or, this past month’s meteoric rise in mortgage rates. On the sixth of July, after rocketing upward in […]
MARKET UPDATE – JUNE 2023
I haven’t written a blog in a while because, well, there really hasn’t been anything new to say. It seems that the same real estate news that I was reporting last summer was regurgitated this past fall, repackaged in January, and recycled in the spring. You know- the same ol’, same ol’… That was all […]
MARKET UPDATE – MAY 2023
Whether it’s quality television or intriguing movies, I’ve always found myself drawn to and consuming films that focus on the theme of confusion. Lost, Shutter Island, Severance, and the movies of David Lynch all readily come to mind. I love the suspense. I love the mystery. And I love a surprising twist or ending. But […]
MARKET UPDATE – APRIL 2023
In the moment, it’s sometimes hard to realize that you’re experiencing change- something that will impact you in some way, large or small, for a period of time to come. Back in 1986, I didn’t realize, when responding to an ad in the UR’s Campus Times, that the trajectory of my life was about to […]
MARKET UPDATE – MARCH 2023
Like sugar, alcohol, or your Tik Tok browsing habits, the February Jobs Report proved that, in excess, one can experience too much of a good thing. On February 3rd, the Bureau of Labor Statistics showed that an incredible 517,000 new jobs were created in the month of January. At first glance, this would appear to […]