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 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/ The post PRIVATE BLOG – Recession & Commercial Real Estate Crisis first appeared on Armstrong Economics.
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
