😨 Inflation, Falling Prices and Zombie Mortgages
A Closer Look at Inflation's Influence, Property Value Dips, and the Undead Debt Dilemma.
From the Fed's hawkish hints to the rising menace of zombie mortgages – here's your weekly news roundup.
Jerome Powell hinted at two more rate hikes this year, amidst rising inflation concerns. Will we ever see the elusive 2% target again?
It’s bargains galore in the distressed asset market, but these properties may need more than a fresh coat of paint.
Also, Zombie mortgages, once considered lifeless, are haunting homeowners with hefty bills.
In this edition of the AltReports:
🦅 Hawkish Fed
🏷️ Discount Distress
⛱️ Miami Madness
🧟 Zombie Mortgages
🔮 Rate Hike Outlook
Video of the Week: CRE Refinancing Threat
Chart of the Week: The Office Market Cycle
Podcast of the Week: Finding Your Real Estate Edge
Fed Chair Powell is throwing down hints of two more rate hikes this year, and no one's even whispering about rate cuts.
July's meeting is already looking interesting, thanks to persistently high inflation. Powell's got a bad case of inflation worries, and no, it's not getting better.
He's calling for evidence of inflation "topping out" while promising we'll get back to that magical 2%... eventually.
Investors are getting another chance to scoop up distressed properties at bargain prices.
It's great news if you're in the market for a fixer-upper but remember, even though prices are slipping, those houses might need some serious TLC.
Miami clocked the second-highest home price increase nationally in the past year - a whopping 6.7%!
Now though, prices are settling down to align with national averages. The problem?
Miami is still one of the least affordable places to live, with home prices skyrocketing while incomes barely budge.
And let's not even get started on the high mortgage rates.