Can mortgage rates go even lower?

Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed. While the Fed can be old and slow, the bond

‘Do Not Approach’: When ‘Uncooperative’ Residents Won’t Allow Buyers To View the Property

Getty ImagesIn the leafy, bucolic Hudson Valley town of Ossining, NY—where homes can sell for well over $1 million—a four-bedroom house was recently listed for only $175,000.Why so cheap? The listing hinted at one possible reason, warning potential buyers not to approach the house because “existing

Is the Fed behind the curve with this labor market?

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts”  policy. After today’s jobs report and th

Boston small team jumps to Coldwell Banker from Compass

Compass’s loss is Coldwell Banker Realty’s gain.The Boston-based Bell Petrini Group has affiliated with Coldwell Banker’s Back Bay office. The group is led by Katherine Bell and Maddy Petrini, who are bringing three team members with them. The group was previously affiliated with Compass.The Bell Pe