Dreaming of a Housing Market Crash? As the FED pushes the envelope on interest rate and mortgage rate rises, many buyer prospects continue to hope for a housing market correction with lower prices. Well okay, they would prefer an outright crash. Because prices are unreachable no matter what mortgage rates are. And it will take…
Florida Real Estate Market Despite high rising mortgage rates for the last year, home sales in Florida have been relatively strong. Florida home prices too have risen to record heights. In July however, the Fed rate rises are beginning to take a bite out of the Florida housing market. Both Florida Realtors and Redfin report…
Why a US Recession Won’t be in the Cards for 2024 The equity markets took a dive Wednesday on expectations of bad news. Yes, not on bad news, but the expectation of bad news. At least someone’s expectation. So much for the technical analysis everyone’s publishing right now. There seems to be a little conspiracy…
Stock Market Forecast for the Next 6 Months Goldman Sach’s chief economist Jan Hatzius said in a release today that “The recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require a recession.” GS has revised its outlook for a recession down to 20%. Yes, as I mentioned,…
Are People Still Leaving California? It sounds inconceivable to many of us who grew up with powerful images of the state of California with its wealth, beaches, mountains, and beautiful climate, that everyone there might want to get out. Yes, more polls suggest Californians are fed up with how their society and government are run…
Stock Market Forecast Now While there may be a cyclical uptrend in the markets that’s intriguing investors, they may want to hold on and back away from their FOMO buying impulse. Certainly, the mood this Tuesday morning is good. S&P and NASDAQ futures are up again, however the Dow and Russell index are down. Their…
Oil Price and Gasoline Price Forecasts Oil and Gasoline prices are expected to rise in 2024, pushing ever higher over the next 5 years as the US and global economies recover from the pandemic inflation rollercoaster. Yet today prices fell 4% on news that Russian crude supply is back up. It seems there is little…
US Economy Outlook 2024 Are we to believe the weak GDP and economic forecasts for 2023? And how about 2024? The reason forecasts and predictions miss so often, is that forecasters don’t consider politics and news media manipulation. The macroeconomic outlook is colored by politics — China, Saudis and Biden. Know one talked about the…
The Best Stocks to Buy The Dow Jones, NASDAQ, S&P and Russell 2000 are rising of late, and the outlook for 2024 is promising. Lingering inflation, debt ceiling, and international trade issues will plague the markets. However, 2024 with lower interest rates, should be a great year, which means moving money from the money markets…
Back To School Economic Boost Is back to school an important aspect of the current stock market forecast? Predictions are for a big return to school season and it’s going to lift the economy. The National Retail Federation forecasts that total spending on back-to-school materials could reach a record of $37.1 billion up from $33.9…
Is the US Headed for a Recession? Recession Watch 2023: Is the possibility of a recession next year just negative thinking or is it clear thinking? Many don’t want to consider the unthinkable, yet we know what the signals are and how we’ll respond. Increasingly, the prediction of a recession is reaching full consensus with…
Oil Companies Bid on Gulf Oil Field Rights The big news is President, fresh from his trip to Europe to push anti-oil policies, extra taxes and anti-development ideas to the world (including poor countries who can’t afford EVs), is selling massive oilfield drilling rights in the environmentally sensitive Gulf of Mexico. Yes, this the same…
Will Taxing The Rich Stifle Investment in the USA? President Biden and the Democrats are pushing ahead with another facet of their agenda, that of taxing the super wealthy. Well, what could possibly go wrong with that? While few Americans oppose the general intent of taxing the rich, it has to be asked whether this…
San Diego Home Prices Keep Climbing Pandemic or not, San Diego real estate is a much desired thing. House prices in the city of San Diego June rose to an average of $1,080,000 while it was $1,114,122 within San Diego County (up 29% from 12 months ago). The median home price countywide in June was…
Chicago Housing Market Update Buyer demand combined with lower construction output are helping to raise prices in the Chicago real estate market. Prices rose steeply in March 2021, as did the number of home sales. Similar to most housing markets across the country, housing supply and big demand from millennials wanting to buy at low…
Atlanta Housing Market Report Atlanta was ranked 18th of the nation’s major housing markets for price growth in February, but in March home prices jumped almost 16% year over year, showing Atlanta’s real estate scene is coming alive. Atlanta Realtors Association reports a solid month for residential home sales via the MLS. Remax has slightly…
Housing Metros Likely to Crash As the US moves toward the end of the Covid pandemic, flush with cash from stimulus bailouts and payments, it’s hard to imagine a risk for a housing market crash. But it’s not right now, or even 2021 that is the real risk. It’s the pressure of a housing bubble…
The Canadian Economic Forecast The International Monetary Fund says Canada is the leading G7 Country How odd is it in 2018, that a country on the verge of trade wars, real estate collapse in its major cities, flat wage growth, mediocre job growth, merciless consumer debt, and a sagging national housing market would be cited…