Summer Is Ending. Here’s Why That’s Actually Good News for Real Estate. I have spent the last several weeks writing about the Fed, Japan, oil prices, and collapsing consumer confidence. All of it true. All of it important. But today I want to talk about something different — something that tends to get lost in […]
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Last week I wrote about Japan quietly pulling $30 billion out of the US Treasury market in a single quarter — and why that, not the Federal Reserve, is the real force keeping your mortgage rate elevated. I did not expect the story to get more dramatic within days of publishing it. On July 31st, […]
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Every conversation about mortgage rates starts the same way. The Fed raised rates. The Fed is holding rates. The Fed might raise rates again. It is all Fed, all the time — as if Jerome Powell’s successor Kevin Warsh is the single lever controlling the cost of borrowing in America. He is not. And if […]
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Osterville gained meaningful momentum in the second quarter, with the average sales price rising 5% to $2.13 million and the median jumping 38% to $1.49 million. Despite active listings increasing 57%, strong sales activity pushed available inventory down 26% to just 3.05 months. While one quarter does not establish a lasting trend, the key question […]
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