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Four meetings with realtors today. DC, Northern VA and Baltimore region. It’s wild to see the difference in buyer behavior / concerns (or lack thereof) between the 90 min drive. Another day also proving how few people in US Govt have really lost there jobs. For some reason,

Trump is Dad…Bessent is Mom…China is the child. This weekend, Bessent will say, “You know your dad is hot headed and says crazy things. Let me tell you how it’s really going to go…”

Housing inventory is on the rise! In fact, the DC Metro region just registered the highest number of homes for sale of any week in the last five years! Comparing the same week YoY, as the chart shows, we had roughly 2,000 more units, or an increase of roughly 50%. That's not

My last four move-up buyers over the last week…each one had a new baby. People won’t stay stuck in their 3% mortgage forever…

The parallels from the Great Financial Crisis are very similar to today, but for different reasons. In the GFC, many homeowners defaulted on their mortgages due to foreclosure or short sales. Each credit event took that buyer out of the market for 4-7 years. Notice those

"We are thinking no more than $6,000 - $7,000 per month." It's literally every single call...that number used to be $4,500. When will I ever get comfortable hearing this from my borrowers?

I’ve been watching videos on building AI agents this weekend…social media makes so much more sense to me now. I’m really not consuming anyone’s real thoughts, am I? People are building personal brands through AI agents….”I’m a thought leader, here is what I think…I mean,

I’m at the Apple Store getting a new phone for my daughter…who went swimming with it to take video. She really is a smart kid. Don’t judge. 😂 Reason for the post - they recommended filing a home insurance claim. Homeowner Pro-Tip: Don’t ever do that…in fact, I’d recommend

Explains what I’m seeing as well. One take away from Khalil is that high end buyers are still very active, as is the lower end. The middle seems very unpredictable.

I remember getting so much sh*t about this thread when I posted it. It continues to ring very true. Add AI advancements and call-center servicers poaching refinances through trigger/refi payoff leads, the economic model will continue to erode for most LOs and companies.

The “Student Loan Late Payment” thing is likely not getting enough attention. Remember, credit expansion is easy when you have high credit scores. When we froze almost all payments (and thus late payments), you boost scores. Higher scores = more credit. Then, when you bring a

God help me this summer. My oldest daughter is entering the summer tournament season...aka, College Recruiting Season! She just finished up her High School Lacrosse highlight video. Her team made it all the way to the Championship and came away the runner-up for the

You know Trump received a commitment from Apple this week to move factories to the US. Setting up the “Are you tired of winning” campaign heading into July 4th. 😂

Interesting perspective. Seems to ring true every time the 10-year drifts above 4.50%, magic seems to happen to punish stocks so yields improve.

After five years of student loan payments being paused, payments have resumed and many find themselves blindsided with late payments. I have several clients who have seen their credit scores drop from the mid-700s to the mid-500s. That's a HUGE difference. If you have student

"I think this is a great deal for them. I'm confused why they are not moving forward with a contract?!" A condo that sold for $670k back in 2016, currently listed for $760k...oh, and the coming soon price was $850k two months ago. The Realtor believes the buyer could "win" this

Two charts from my weekly video update. "Inventory is exploding higher!"...that is true, compared to the recent record-low years. If we zoom out, we still have far less than the 2010s. That doesn't mean anything when it comes to price or values. If values mooned because of low