Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]
In an October 2013 article we noted how Blackstone Group had become the largest owner of rental homes in the U.S.! In fact at the time, the worlds largest private equity firm had offered Wall Street’s first ‘rental-backed security’. Well now Blackstone had made another large purchase of U.S. rental property (10,399 multifamily units) signaling that, in this company’s […]
The Federal Reserve has a dual mandate: Stable prices and maximum employment! Given the state of that mandate vis a vis the current condition of the U.S. economy, the answer to the question of if and when the Fed will begin to raise rates is that no one knows. But nonetheless that question has become […]
There are any number of opinions on how the US economy is actually doing and if it’s heading in the right or wrong direction! Whether it’s statistics such as the labor force participation rate, mortgage originations, GDP growth or retail sales the combined evidence concerning economic strength is not particularly encouraging. Is it simply due to rough […]
