All posts in " Real Estate "

Real Estate, Blackrock & Dodd-Frank

June 6, 2023

QUESTION: Mr. Armstrong, I have a question about Blackrock buying up all these homes. It seems that the Dodd-Frank bill empowered Blackrock to buy up all of these homes and rent them out. Was this all rigged for their benefit? Thank you for being a rare light of truth in these dark times. ED ANSWER: […]

PRIVATE BLOG – Recession & Commercial Real Estate Crisis

May 26, 2023

PRIVATE BLOG – Recession & Commercial Real Estate Crisis Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit The post PRIVATE BLOG – Recession & Commercial Real Estate Crisis first appeared on Armstrong Economics.

The COVID Refinance Boom is Over – See Who Benefitted

May 18, 2023

New mortgage originations have reached their lowest level since Q2 of 2014. Inventory remains historically low, shelter costs are historically high, and it makes no sense for most to refinance with current mortgage rates over 6% on the 30-year. Originations, including refinances, came in at $323.5 billion during Q1 of 2023. The NY Fed reported […]

15-Minute Cities – Accessory Dwelling Units (ADUs)

May 12, 2023

Let’s take a closer look at Accessory Dwelling Units (ADUs) that have been proposed for 15-minute cities. These small units are typically under 1,000 sq ft and were once considered secondary structures on an existing residential lot. Think of what we once considered “in-law suites” or guest houses. There are numerous designs for ADUs, but […]

The Rental Crisis

May 11, 2023

I reported how BlackRock is now the largest landlord in the US. Institutions have purchased hundreds of billions in real estate across the nation and have no plans to sell because rentals are a lucrative venture. Inventory is at a historic low and people simply cannot find a place to live if they need to […]

The Largest Landlord in the US

May 10, 2023

Anyone familiar with the housing market conditions post-pandemic knows that cash buyers and institutions consistently outbid the average buyer. I know a realtor who has spoken primarily to consultants working on behalf of companies, and they’re willing to purchase properties over-market on a consistent basis. They know they can buy these properties and rent them […]

Republicans Fighting Biden’s Mortgage Madness

May 3, 2023

Republicans at the state level are demanding that Biden and the FHFA repeal the asinine new law that punishes Americans with high credit scores by forcing them to subsidize the mortgages of those with low credit scores. The Biden Administration has been attempting to control real estate for some time. In June 2021, Biden forced […]

New FHFA Rule- Middle Class to Subsidize High-Risk Borrowers

April 26, 2023

Biden is ushering in new socialistic policies and there are no checks and balances. I mentioned a few weeks ago how Fannie Mae and Freddie Mac are changing Loan Level Price Adjustments (LLPAs) on conventional loans. To ensure “fairness,” the agencies are helping “underserved” home buyers by reducing costs for those with lower credit scores […]

New Home Buyers Penalized for High Credit Scores

April 19, 2023

Fannie Mae and Freddie Mac are making some changes to Loan Level Price Adjustments (LLPAs) that will likely hurt those with good credit applying for conventional loans in the US. To ensure “fairness,” the agencies are helping “underserved” first-time home buyers by reducing costs for those with lower credit scores and less money for down […]

Only 32% of Lenders Profited on Mortgages in 2022

April 13, 2023

The talking heads have been warning of a housing crash, but that is not what Socrates indicated. The 30-year fixed rate is around 6.89% at the time of this writing. Housing costs continue to rise, causing the costs of servicing mortgage debt to rise. Housing inventory is limited, and a recent report explains why we […]

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