CASH BUYERS ARE LOVIN’ THIS MARKET ~TLDR 30-year fixed mortgage rates are now at a whopping 7.2% Potential for rates to continue to climb even higher due to new tools available to Fed “Duct tape monetary policy” allows Fed to continue to raise rates should any bond market break in the process. See meme The […]

IS IT CHEAPER TO OWN OR RENT?! ~TLDR Renting a single-family house in Seattle is cheaper than equivalent mortgage cost. Mortgaging a Condo/Co-Op in Seattle is much cheaper than equivalent rent. However, you still need to factor in additional expenses. While we’re all surely awaiting next month’s data with abated breath, this week I’d like […]

GOLDMAN SACHS NOW REPORTING HUGE HOUSING CORRECTION IN SOME MARKETS! For the TLDR, just read the bullet points. Here is a quick synopsis for Goldman Sach’s Housing and Mortgage Monitor from Oct 6, 2022. While the pdf is behind a paywall, I have gone through the  report and pulled out their 14 most important findings: […]

  SEPTEMBER’S NUMBERS ARE IN – LET’S DIVE IN! Take a quick look at the charts below. Once you’ve given them a cursory scan, continue reading further, and I’ll unpack what they mean. …. Finished? Then let’s begin! So now that you’ve seen the last and greatest data, let me explain what’s going on. If […]