03 / 19 / 2021
Every day I am asked what my thoughts are about timing our current real estate market. Good time or bad time, Americans have been buying homes and refinancing at record-breaking speeds over the last year. Black Knight reports that mortgage originations broke all records in 2020, with a volume of $4.3 trillion. The refinance portion was record-setting too at $2.8 trillion. The $1.5 trillion in purchase mortgages wasn’t a record, but it was the highest volume since 2005. The fourth quarter of the year also made history with $1.3 trillion in total originations and new quarterly records for both categories of new loans.
03 / 05 / 2021
Economists on and off Wall Street say homeownership is the primary means by which Americans accumulate wealth. Home equity allows Americans to pay for college and cover medical expenses without going deep into debt, fund retirement, and pass on wealth to the next generation. (WSJ) We are constantly evolving and the evolution of business can be cruel, especially when it is accelerated at a rapid pace. I was reading about the Lord & Taylor building on Fifth Avenue in Manhattan and how well it demonstrates the evolution of real estate and business.
02 / 19 / 2021