Leonid Bosovski

04/13/2022

While HGTV may extol the virtues of “demo day” to begin the transformation of a house, it’s not what most would consider entertainment in real life. Real estate shows depict demolition as...

04/11/2022

Cause and effect: interest rates go up and those holding off on listing their homes sit up and finally pay attention. Fear of missing out (FOMO) regarding getting the prices they want...

04/08/2022

There are no economic releases today, the week has been absent of any key data other than weekly jobless claims yesterday that were the lowest since 1968. People going...

04/04/2022

03/29/2022

The absence of supply can make demand a hostile witness, and the housing industry is no exception. Over the past few years of this challenging market, first-time homebuyers were initially able to beat back competition from swarms...

03/25/2022

Rate markets were in a consolidation pattern until this morning when the 10 yr. made a new high. This morning in early trade the 10 was down 1 bps from yesterday but it then exploded higher...

03/22/2022

You’d think a war in a faraway country on another continent wouldn’t have much of an effect on our own economy. But the U.S., which has become more and more part of the...

03/11/2022

The mid-month U. of Michigan consumer sentiment index, expected at 61.7 from 62.8 in Feb; as reported the index fell to...

03/01/2022

Builders of new homes are famous for presentation. And when they seem to magically construct a model home park almost overnight, their goal is to show you a fully-appointed facsimile of the homes they offer...

03/01/2022

You can hear it in the news, but sometimes you have to hear it from a particular company to believe it. Real estate giant...

02/24/2022

Initial Weekly Jobless Claims were a little lighter than expected (232K vs. est. of 235K). The more closely watched 4 week moving average dropped to 236,250. Continuing Claims were...

02/22/2022

There exists a double-edged sword when home prices escalate. Sellers are thrilled, able to bank a potful of money. But they may also find the only thing they can do with all of it is rent, move to a less expensive locale, or downsize, because...