Kenneth Bryan Shobe - Sand Key Caribbean Developers

12/31/2022

Is the Housing Market in a Bubble?

How Today Compares With the Great Recession

By Clare Trapasso

It’s like déjà vu in the housing market.
Just a few months ago, home prices hit record heights, investors were gobbling up scores of homes, and buyers were racing to purchase whatever they could before prices rose even further.

Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Click to read more...

https://www.realtor.com/news/trends/is-the-housing-market-in-a-bubble-how-indicators-today-compare-with-the-great-recession/?identityID=5754f39581f95f4c3e0012a5&MID=2022_1230_Weekly_NL&RID=3854814842&cid=eml_promo_Marketing_NonPRSL_WeeklyNL_cons.16033622_2022_1230_Weekly_NL-article1-blogs_trends

Plus, if you need help navigating these difficult times reach out to Bryan Shobe @ bryanshobe.com.

The Fed chair says the housing market is in a bubble. But the market is very different from the run-up to the Great Recession. Here's what we know.

12/11/2022

In Falmouth, Jamaica, a Different Kind of All-Inclusive Resort

Resorts with superlatives in their names don’t always live up to their promises, but there really is a lot that’s excellent about the Excellence Oyster Bay, an adults-only all-inclusive resort located on a private peninsula just outside the town of Falmouth, Jamaica. Accommodations are spacious and well designed, the food quality is consistently excellent, the daily schedule is packed with activities, and the staff is friendly and responsive to guest needs.

The combination makes the Excellence Oyster Bay a lustrous pearl among Jamaica’s luxury all-inclusive resorts.

If you look out the window as your plane lands at Sangster International Airport in Montego Bay, you might get a glimpse of one of Excellence Oyster Bay’s main rivals: the Sandals Montego Bay resort literally sits across the street from the runway. Alas, while ads for the Excellence Oyster Bay also place it in Montego Bay, it’s not even in the same parish. Rather, a nearly 45-minute taxi ride awaits before you pull up to the imposing gates of the resort, which is actually a bit east of the cruise port of Falmouth.

To read more: https://www.caribjournal.com/2022/12/10/all-inclusive-jamaica-resort-falmouth-excellence/?utm_source=Caribbean+Journal&utm_campaign=156e97b78a-CJ_COPY_01&utm_medium=email&utm_term=0_ea4e1e4090-156e97b78a-189996319

Contact us if you have an interest in Real Estate opportunities in Caribbean

Resorts with superlatives in their names don’t always live up, but there really is a lot that’s excellent about the Excellence in Jamaica.

11/10/2022

Big News For Caribbean...

The Cayman Islands’ national flag carrier, Cayman Airways, has officially launched nonstop service between Los Angeles and Grand Cayman.

11/03/2022

WHAT IS COMING TO THE US & CARIBBEAN ECONOMY

Time for caution is NOW, not after the rescission is in full swing. The feds signaled on Nov. 2, 2022 that they mean business in slowing the economy and job growth to combat inflation.

They have moved four times in a row with 0.75% increases in the fed rate. This is very aggressive and rarely done by the fed in the past. My concern is when the economy rolls over and heads down it will be much faster than expected.

There are so many conflicting policies going on, that when people finally lose confidence, it will have a snowball effect. Higher and higher interest rates will affect business lending and real estate. Since real estate has had a big run up with very low interest rates, buyers are going to be locked in when they want to move up. New buyers will be interest rate priced out of the market and if lenders get nervous, they will make it hard to qualify for new loans.

The initial effect to business and real estate will happen in the US market and then begin to effect to a larger degree the Caribbean markets. There is an old adage in the Caribbean, when the US catches a cold financially, the Caribbean catches pneumonia. So, while real estate and construction is still strong in the Caribbean, be careful that the market will turn down and do so fast.

If you need help in your approach to these issues, please contact me.

Bryan Shobe - Consulting
November 3, 2022
https://bryanshobe.godaddysites.com/

11/02/2022

NEW AIRLINE SERVING THE CARIBBEAN

It’s called Antigua Airways, and it’s a new airline that will connect a growing network of destinations in the Americas and Africa.

11/01/2022

The Caribbean Real Estate Market Stays Hot

From the palatial luxury villas in Turks & Caicos to the sleek and contemporary abodes of the Cayman Islands, international buyers are flocking toward sun and sand to reap the many benefits that stem from investing in Caribbean properties. With rising rent and mortgage rates driving up prices throug...

11/01/2022

INTEREST RATE FORECAST AFTER MID-TERMS

The key is how aggressive the Fed will be after the midterm elections are behind us. The November Fed meeting and projected increase in rates will be a key for action over the next 12 months. How aggressive will the Fed be in their efforts to cool inflation by raising interest rates.

“Today, it is inflation, the Fed’s response to elevated inflation, and resulting risk of recession, that will be what determines the market’s direction over the coming quarters,” Seema Shah, chief global strategist at Principal Asset Management, wrote in a recent research note.

INFLATION

On election eve, the state of the US economy is a blurry one. Job openings hit 10.7M despite Fed attempts to cool economy

The Fed has been hiking interest rates in a bid to slow the economy enough to crush inflation, but with every rate hike Wall Street grows more jittery that the central bank will go too far.

The Fed has already raised its benchmark interest rate five times this year, with the last three increases by three-quarters of a percentage point, and inflation is still accelerating. Wall Street expects another raise of three-quarters of a percentage point in November.

The last time the Fed raised interest rates so aggressively to bring down inflation was in the early 1980s, when inflation had soared to nearly 15%. That led to a cycle of alternating rate increases and cuts and volatility in the stock market. During one of the longest rate-hike cycles, which began in September 1980 and ran through May 1981, the S&P 500 gained 8.3%, although the gains evaporated by late September.

Uncertainty over how far the Fed will go in its rate-hiking campaign, how effective it will be to cool inflation and how much the economy slows will not be resolved by the outcome of next month’s elections. Until there’s more clarity on these questions, the market is likely to see more volatility in the months ahead.

“So, instead of the market being up by June or September of 2023, it’s down because the rate hikes are starting to bite and a recession ensues,” said Tom Martin, senior portfolio manager with Globalt Investments. “There are so many other things going on that this is just not something that I think you want to put a lot of stock in.”

10/17/2022

INFLATION, WHY DOES IT MATTER

Inflation is at a 40 year high. So unless you are over 60, you really don't remember how destructive it is to your way of life and how it erodes your purchasing power. This is a great article to get up to speed on inflation.

Inflation occurs when the price of goods and services increases over time, resulting in decreased purchasing power.

10/15/2022

DOES MY CREDIT SCORE HURT ME MORE DURING HIGHER INTEREST RATE PERIODS?

The simple answer is YES. Read the following story from Bank of America to understand why.

A higher credit score may help you get better mortgage rates. Learn more at Better Money Habits about mortgage rates and what credit score you need for a mortgage.

03/13/2021

Kenneth Bryan Shobe CFO. We work with locals on prime property to come up with a development plan and funding to work with them to develop their property.

In the past, they have just listed the property and sold it to the highest buyer. However, they left the upside of the development of their prime property. Our goal is to assist them with the difficult part of putting together a plan, fund it and build it. Then when possible manage it for long term benefit.