Recent natural disasters — such as the LA wildfires — show that climate change risks can shift the real estate and mortgage industries on a dime. And these changes could be extremely costly. According to a new study, climate-induced shifts could significantly lower property values over time. But this could have a double-edged effect, depending…
"February 2025" Archives
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Today, the Census Bureau reported the homeownership rate at 65.7%. Are we becoming a renter nation like many people are saying? Let’s look at the data. Household formation Let’s first talk about household formation. I have a simple model (even more appropriate before Valentine’s Day). My American housing demographic model shows that Americans: Rent Date…
The formula for success in real estate couldn’t be more straightforward. Do simple things every day — and do them 10% better than the average agent. Fancy fails. Simple scales. Why only 10% better and not 60% better? Let’s not sugarcoat reality. Seventy percent of Realtors in your market are terrible at their jobs. They…
The U.S. Senate on Wednesday voted to confirm Scott Turner as the 19th secretary of the U.S. Department of Housing and Urban Development (HUD). Turner cleared the confirmation process in a vote of 55-44 that was almost entirely along party lines. Two Democrats, John Fetterman (Pa.) and Peter Welch (Vt.), crossed the aisle to vote…