Real estate brokerage schemes

So, some real estate brokerages are scheming that their newly minted iBuyer revenue is a primary driver for future earnings. Meanwhile, they are shook by losses and market valuation issues, and by the #1 danger to all real estate brokers – mediocre talent. My brokerage Compass is focused on rapid market share growth, and not doing so by racing to the bottom. Don’t let your reach exceed your […]

Homebuyers love low interest rates

Nationwide, lower mortgage rates are helping the housing market. I know things are good for many Americans when I start to hear chatter about folks who bought in the past few years looking at really good refinance deals, and even 15 year mortgages – that’s conservative and good for the economy. Neil Dutta at Renaissance […]

Schiller is right, Donald is wrong

Like burning shit with diesel, lowering interest rates can have a caustic effect. Maybe even a carcinogenic effect. The rate drops in recent years have helped the economy and the mortgage-driven housing market. This most recent rate drop feels catalytic in a bad way. Bloomberg’s entire editorial board calls it trade war Trump Slump: “Perhaps […]

Recent price pressure on Atlanta sellers

The evidence is showing up in every price range. Home prices are topping out – levelling – flattening – bubbling … lets call it one of my favorite words – counter-balancing. In 2012, the submarkets and neighborhoods that suffered for 5 straight years, began to see substantial price gains, year over year, quarter over quarter. […]

Another golden age for mortgage financing

While the housing market may be less competitive overall – more counterbalanced between buyers and sellers, the amount of housing supply at the entry level is still extremely tight. And prices under $500,000 are rising faster than the rest of the market. That is why there is such strong rental demand right now, as first-time […]

Wasted away again in Marthasville

The city of Atlanta, between 1843 and 1845 was known as Marthasville. 80 years later, in downtown Atlanta, in 1923 Fiddlin’ John Carson cut the world’s first country music record. 96 years after that momentous stack of wax, in 2019 Jimmy Buffet wants to download a Margaritaville hotel on top of John’s old recording studio. […]

Dead Tech in Piedmont Heights is wicked awesome

What Now Atlanta reported last week that a throwback consumer electronics store opened in Piedmont Heights at Morningside Center next to Smith’s Old Bar. The store is appropriately called Dead Tech and it is located at 1588 Piedmont Avenue NE Atlanta, GA 30324. Their site proclaims that they offer the following: “records, tapes, books, cds, dvds, […]

Due Diligence, a real estate podcast is up and at it

Get your real estate on by selecting one of the first 11 episodes of my podcast with Jason Wieloch. We began earlier this year and our production on the latest podcast is the best so far, if I do say so myself. Here is a quote from the first post that I made about Due […]

Over 1/3 of all buyers are influenced by HGTV level staging

HGTV completed an infographic profile of home staging this year and the report demonstates the power of HGTV and other home design/home building / home renovation television. I’ve noted that the “starter homes” I sold twenty years ago in East Atlanta Village did not look as fancy and staged as “starter homes” today in Mechanicsville, […]

Mortgage interest rates fall once again

“WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate at their meeting next week. Mortgage buyer Freddie Mac said Thursday the average rate on the key 30-year mortgage dipped to 3.75% from 3.81% last week. Those […]