The real estate market has already hit the bottom in 2023.  My prediction along with many other bankers and now also the (National Association of Realtors) NAR Chief Economist is that we have already reached the peak in terms of interest rates. Every banker that I speak to ...

Home buyers frighten easily in today's real estate market, a tale of three contracts.

As a home seller, you need to understand the environment that home buyers are in.  Home buyers are watching the Federal Reserve continually raise interest rates, and they are watching Israel and Ukraine at ...

What’s Happening with Interest Rates?

I have good news concerning future interest rates.  After the last federal reserve meeting, the Fed announced that they would probably do one more rate hike before the end of the year.  The residential mortgage interest rates responded by raising right after that ...

5 Real Estate Transactions Impacted by a Government Shutdown

1. FHA will not make commit to new loans in the Multi-family Program during the shutdown. There may be some delays with FHA processing.  
2. Fannie Mae and Freddie Mac are not reliant on appropriated federal fund and should operate ...

The National Association of Realtor Real Estate Forecast

You may not know, but the housing industry was in a recession from 1st quarter of 2021 until the 1st quarter of 2023.  The number of home sales went down a good bit (due to home inventory shortages and then later ...

Summer Home Sales & What Is to Come

This summer was a bit of a slower real estate market as rates were high and the inventory of homes for sale was low.  In June, Chattanooga closed home sales were down by 19.7% but the Chattanooga median home sales ...

The July Real Estate Market Buzz



The Case-Shiller home price index is up higher than expected.  Inventory is tight with people in the resale home market not wanting to sell their home and give up their low interest rate unless they have to.  That has helped new home ...

The big real estate story today has to do with the lack of the inventory of homes for sale.
The National Association of Realtors says, “The lack of existing inventory continues to impact home sales, and with only 2.6 months’ supply of homes at last measure, competition for available ...

The latest inflation numbers from March are down to 5%. Inflation going down leads to mortgage interest rates going down.  Freddie Mac has mortgage interest rates down to 6.27%.  The Federal Reserve staff have reported that the country will mostly likely experience a mild recession by the ...

The Federal Reserve hopes to beat up the economy enough to make inflation come down.  Their goal is to shed jobs and then force the price of goods down.

The ISS Manufacturing Index has been down the past 5 months, the lowest figure in more than a decade.

The ...