It isn’t as if building or lending products, or ways of doing business, were handed down by Trappist monks. Change is always afoot, for better or worse. What is old is new again. Teachers are moving to oral exams to counteract AI and ChatGPT, similar to ancient Greek and Roman times. In the West and Southwest, adequate water rights and supplies have always been contentious but have resurfaced (get it?) with news that may impact other cities and towns: Arizona began limiting approvals for new developments within the Phoenix area. It’s hard to build large affordable housing developments or swaths of housing in general if there is no water. Or road or sewage capacity. For fans of tiny homes, what is old is new again, and the Sears catalog kit houses (sold between 1908 and 1942) of old are back at Home Depot: Here’s 837 square feet for $43,000, 540 square feet for $44,000, and 444 square feet for $32k. (Today’s podcast can be found here and this week’s is
Mortgage rates shot above 6% this week for the first time since the 2008 housing crash as inflation has remained resistant to the Federal Reserve s efforts to tamp it down. The swift escalation in rates has chilled what had been a hot U.S. housing market, increasing pressure on an economy plagued by unremitting inflation.
750 W Hampden Ave, Suite 500, Englewood, CO 80110 USA
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Email: nrueth@fairwaymc.com
Website: http://theruethteam.com
Nicole Rueth had consulted for over 10 years as a business systems re-engineering consultant. It is in her opinion that this industry is primarily employed by inflexible banks or small under-staffed and inadequately-trained broker organizations.