The New Fed Wants It Both Ways.
Tuesday, May 26
Hello fellow BP Compatriots! This week, we’re talkin’ oil backs down below $100/barrel, home builders pull permits, and the new Fed Chair telegraphs what he has in mind for the future. Also: Nashville Class A rentals just turned positive, 6+ months ahead of peer Sun Belt cities. Let’s get into it...
Forget Inflation. Watch the Labor Market.
Monday, May 18
Hello fellow BP compatriots! This week, we’re talkin’ April inflation report ran hot at 3.8%, the bond market freaked out, mortgage rates whipsawed back to 6.65%, and the Fed-cut path got priced out. I’m taking the other side. Plus — the details on Nashville’s largest development project ever, Th...
Jerome Powell’s Last Friday.
Monday, May 11
This week, we’re talkin’ the end of the Powell era at the Federal Reserve, April jobs report looked great on the surface yet problems brew, purchase mortgages are the highest since 1990, and the advertised rent is often fiction. Plus, Nashville’s suburbs are booming! — Rutherford, Williamson, Sum...
Starbucks Just Bet $100 Million on Nashville.
Monday, May 04
Keep your eye on the Sun Belt, its early innings.------------This week, we’re talkin’ the Fed is divided on interest rates, its first 4-dissenter vote since 1992. Housing supply continues down, single-family builder permits are plummeting, and a $100 million corporate bet on Nashville. The Sun Be...
Energy Prices have peaked. Rents Are Turning. Nashville Is Booming.
Monday, April 27
This week, we’re talkin’ ebbing gas prices, stagnant diesel prices, a strong jobs report, and the corporate migration story here in Nashville. Let’s get into it.------- Today’s Interest Rate: 6.32% (☝️ .03% from this time last week, 30-yr mortgage) ------- The Weekly 3 in News: --DOJ drops Powel...
Headlines Scream Crisis. Data Say Calm.
Sunday, April 19
This week, we’re talkin’ a lot! A job market that looks strong-ish, a consumer that feels miserable but keeps spending, a multifamily rent picture that just turned positive, and the $875 billion commercial real estate maturity wall, that’s actually shrinking. Also, Nashville keeps doing its who...