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Showing posts from 2025

The Golden State

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  “Just Thinking” Let’s talk California this week and a couple things that are on my mind. Starting with the Giants. While it hasn’t been a full-on June Swoon, the Giants have gone 12–11 this month. Still, they’ve struggled at the plate and have suffered injuries to key players, keeping the I-80 commute between Sacramento and San Francisco busy with call-ups. Just two weeks ago, we were a game behind the “D” words today, they’re six and a half games back, and half a game behind the Padres and heading in the wrong direction. The pitching staff and some timely early season hitting had carried the load, but lately both have struggled. Blown save opportunities and too many runners stranded in scoring position have taken their toll. You can’t talk about the 2025 Giants without mentioning two big moves: the off-season signing of Justin Verlander, and this month’s trade with the Red Sox for Rafael Devers. In a scramble to fill the void left by Blake Snell’s departure to our So Cal rivals,...

Powell Grilled on Housing Supply, Owner-Equivalent Rent, and… Grant Cardone

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Check Out This Weeks Newsletter Fed Chair Jerome Powell testified before the House Financial Services Committee on Tuesday, June 24th. Lawmakers on both sides of the aisle questioned him on the Fed’s rate policy, tariff inflation, housing affordability, and the national debt. More than one brought up the “One Big Beautiful Bill” and its impact on the national debt, with one pressing Powell (repeatedly) to voice his opinion on it. A few mentioned housing affordability and how high rates are making it hard for their constituents to afford a home. Some made valid points. One went so far as to bring up Grant Cardone’s statements on Powell. And some of the conversations were easier to watch than others. We’ve rounded up the highlights, with some commentary by Byron Lazine, who broke down Powell’s testimony on Wednesday’s Hot Sheet. Let’s get into it. Q&A Highlights from Powell’s Testimony From housing affordability to Grant Cardone callouts, Powell faced a wide range of questions on Tue...

A Hodgepodge of Summer Thoughts

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 This week got away from me, so rather than my usual deep dive into a particular subject, I’ve pulled together a hodgepodge of thoughts and reflections that have been floating through my head this week. Today in 1975, Steven Spielberg's film Jaws was released, transforming the summer movie business and making countless viewers afraid to go into the water. This was also a book that I read after seeing the movie and both impacted my fascination with Sharks and the scary thing that swim beneath. At that time in our lives, we spent most of our summers in Clear Lake, my 9 and 11 year old sisters were literally afraid to go in the water, which gave my brother and I ample ammunition for tons of teasing, either doing the da-da --- da-da --- da-da song or swimming under them and grabbing their legs and yanking, eliciting screams. One of the great off shoots of Jaws, not the sequels, they sucked, was shark week on Nat Geo. A whole week of Flying Sharks, shark feeding frenzies, seals swimming...

The #1 Reason Buyers Say Their Home Purchase Was Easier Than Expected

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  Check Out This Weeks Newsletter Despite having more tools, data, and resources than ever before, today’s buyers are still getting blindsided by the home-buying process. According to Clever’s American Home Buyer Report: 2025 Edition, 28% said the experience was more difficult than they expected. And for first-time buyers, that number jumps to 36%. So, what’s making home buying feel so hard in 2025? And what makes the biggest difference in helping buyers through it? Inventory Is the Biggest Pain Point for Buyers We’re not dealing with uninformed consumers here. In fact, 48% of buyers said the process met their expectations, a noticeable improvement from just 30% in 2024. They’re coming in with research, realistic goals, and in many cases, pre-approvals in hand. But knowing what to expect doesn’t mean the experience gets easier. Market conditions are still stacked against most buyers. The biggest pain point in many markets? Inventory. 34% of buyers said the lack of available homes m...

Time Waits For No One

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“Just Thinking” I often think about time, how it marches on, minute by minute, second by second. When we’re young, watching the clock tick toward recess, the minutes seem like hours. Yet when we’re taking a test, an hour is never long enough. The summers of our youth feel endless. The four years of high school, filled with change and growth, seem like a lifetime. Four years ahead of us feels eternal; four years in the rearview mirror is just a flash. We wait in anticipation for a moment that takes forever to arrive, only for that moment to rush past and fade into memory. Time is a river, always flowing. Moments flicker by, never to return. We are young, learning life’s lessons as best we can. We grow, we create, we live. We welcome new lives into the world and, in time, mourn the loss of loved ones. We move forward, always forward, sometimes regretting the roads not taken but grateful for the ones we did. The joys and sorrows that shape us sail by, becoming the memories that make up th...

Grant Cardone Blames One Person for the Housing Crisis

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Check Out This Weeks Newsletter Is the Federal Reserve fixing the economy… or making things worse? That was the central tension in a heated FOX Business Live segment on  Mornings with Maria , where Grant Cardone took direct aim at Fed Chair Jerome Powell and the impact of high interest rates on the housing market.  Cardone’s argument: Powell’s actions as Fed Chair aren’t just slowing the economy; they’re actively strangling it. His words: “We have a housing crisis caused by Jerome Powell. He has done more damage to the middle class and housing than any other single person or any decision that has ever been made out of Washington, D.C.” Cardone had plenty more to say, but one panelist disagreed, explaining why, in his view, the Fed should absolutely  not  cut rates just yet.  Read on for the highlights of their argument.  Cardone: The Fed Froze the Market  Cardone painted a bleak picture: a real estate market with growing supply, stalled demand, and mil...

MASH

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  “Just Thinking” Through early morning fog, I see visions of the things to be, the pains that are withheld for me I realize, and I can see that suicide is painless, it brings on many changes and I can take or leave it if I please. The opening lines from the MASH theme song. I have been wanting to write a story about MASH, the 1970 movie, the television show 1972–1983 and the 1968 novel written by Richard Hooker. With the passing of Loretta Swit (TV’s Major Margaret “Hot Lips” Houlihan) this week it seemed like a good time and a good topic. Seeing MASH as an 11-year-old, I remember enjoying it very much, but as I saw it several more times over the years, I began to enjoy it more as I better understood the whit and sarcasm that populated the dialog throughout the film. The movie takes place during the Korean war and follows a team of irreverent and unorthodox surgeons at a Mobile Army Surgical Hospital. There were several great actors in MASH, Donald Sutherland as Hawkeye Pierce, El...

Homeowners Just Tapped $25 Billion in Equity in Q1

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  Check Out This Weeks Newsletter Homeowners Just Tapped $25 Billion in Equity in Q1 In Q1 2025, U.S. homeowners pulled nearly $25 billion in home equity through second-lien mortgages, marking the strongest first-quarter volume since 2008. According to the latest  June 2025 Mortgage Monitor  from ICE Mortgage Technology, this 22% year-over-year surge signals a major shift in borrower behavior, driven by easing interest rates, record-high equity levels, and rising consumer interest in HELOCs. This signals that homeowners are ready to re-engage, especially those looking to finance renovations, consolidate debt, or fund major purchases without giving up a low first-lien mortgage. Here’s what’s happening and what it means for your real estate business. Tappable Equity Just Hit a Record $11.5 Trillion Home equity has ballooned over the past decade, but many borrowers have been reluctant to touch it. That’s starting to change. U.S. mortgage holders carried a record $17.6 trilli...