Today’s episode is all Jason Hartman, as he goes through several of the big (real estate) news stories of the day. First there’s a new development at the US Department of Housing & Urban Development that could increase housing availability and reduce home values (at least in the short term).
Then listen in as Jason tells the current story of his commercial property refinance and all the bumps (and fees) that come with the arduous process.
Finally we get to the Fed and interest rates. Jason takes a look at some of the Fed’s moves from the past, how they have changed their original charter, and what’s happening with interest rates because of that.
[3:17] There’s a homelessness crisis in many cities around the country
[6:39] The Department of Housing and Urban Development is trying a new tact that may have a slight downward pressure on real estate values
[11:18] HUD is changing the way it determines how communities are enforcing the fair housing act, including relaxing zoning restrictions
[15:51] The adventure that is Jason’s apartment re-finance
[21:03] Cyclical markets are cooling but linear markets are still booming
[26:02] The Fed was supposed to be control the quantity of money, but they morphed into being in charge of interest rates
[29:04] A basic reason to raise interest rates