Posted On Friday, 25 June 2021 00:00 Written by
Whether we swipe our finger or ask Siri using our voice, smartphones have become a window to the world of information and knowledge sitting in our front pockets and purses. Nearly all of us and our customers have access to this miraculous device that allows for constant connection to and communication with the rest of the world, and in the rare case that we are not with these smartphones or other digital devices, we are probably asking the person next to us to use theirs to check something for you, as commonplace as we used to ask someone to check their wristwatch for the time. A Paradigm Shift As soon as businesspeople and consumers alike moved away from using devices like the BlackBerry and instead picked up a Samsung or iPhone, a behavioral paradigm shift occurred. We can now send a text or make a call with flawless precision, send high-resolution…
Posted On Friday, 01 July 2022 00:00 Written by
We have talked about inflation and the fact you can’t fight the FED. More and more information show prices climbing, and the FED keeps buying and buying keeping rates low. They called it “transitory.” It was a supply chain issue and once everyone goes back to work, prices will return to “normal”. But today the FED had to acknowledge that indeed, inflation is real, and much hotter than they would like despite all their efforts. So, as it would be today, they admitted inflation is real but still clung to the “transitory” argument, at least for now. Prior to the FED announcement, the 30yr MBS 2.5% coupon stood at 103.38 and up .02 on the day. Right after the word came out, that coupon was down 44bps at 102.92; and we closed down 59bps at 102.77. The 10yr was also on the move; before the announcement it was down .01…
Posted On Monday, 21 June 2021 00:00 Written by
Posted On Friday, 18 June 2021 00:00 Written by
Posted On Friday, 29 July 2022 00:00 Written by
John Giaimo is CEO of Bring it Home Communities, Inc, Rewards Call Center, LLC and the real estate news organization Realty Times, Inc. In the early 1990s, as founder and CEO of publicly traded HomeSeekers.com Inc., John was the first to place an entire multiple listing service home listing database on the web as he pioneered and implemented the infrastructure still used in today's online real estate marketplace. This included MLS, broker, and agent website development. John pioneered the technology platform and interface to display listing walk- throughs of real property through the use of video. He produced the weekend cable and satellite TV shows The Real Estate Home Show, Search Homes on TV and Realty Times TV. Drawing on his 30 years of real estate and technology expertise, John’s unique understanding of how technology can meet the needs of consumers continues to drive change in the Real Estate Market;…
Posted On Wednesday, 16 June 2021 00:00 Written by
Posted On Wednesday, 16 June 2021 00:00 Written by
I spoke last week about important economic information that was coming out in the last six days. Jobs report last Friday, and the inflation data today for May. Neither report was very encouraging, but the markets are taking the information in stride and buying into the theory of “Don’t fight the FED!” The Federal Reserve has dismissed higher inflation as “transitory” and that prices will fall as the economy recovers and people go back to work. Their statements indicate that everything is related to the supply chain being restricted and that once all the workers go back to work, supply will return and that prices will fall. I’m not so sure everyone believes that, but we all know you can’t fight the FED! Today the key number was that year over year inflation was 5%. That is the highest year over year number since January 1992. Certainly, well over the…
Posted On Monday, 14 June 2021 00:00 Written by
Posted On Friday, 11 June 2021 00:00 Written by
Posted On Friday, 11 June 2021 00:00 Written by
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