Lawrence Yun, NAR chief economist and senior vice president of research, unveiled the consensus forecast today during NAR's second annual Real Estate Forecast Summit.The group of experts predicted:Gross Domestic Product growth of 3.5% in 2021 and 3.0% in 2022;An annual unemployment rate of 6.2% next year with a decline to 5.0% in 2022;Average annual 30-year fixed mortgage rates of 3.0% and 3.25% for 2021 and 2022, respectively;Annual median home prices to increase by 8.0% in 2021 and by 5.5% in 2022;Housing starts of 1.50 million next year and 1.59 million in 2022;The share of the U.S. workforce working from home to be 18% in 2021 – down from 21% in 2020 – and 12% in 2022; andSmall declines in office and hotel vacancy rates in 2021, with a slight increase in retail vacancies next year.When asked if the Federal Open Market Committee will change the federal funds rate in 2021, 90% of the experts surveyed said they expect no change in the current rate of 0%.

Until a bill makes it through all the committees and on the floor of both chambers for signing, I'm not going to get excited. 

I’m sure he’d be willing to take a look and possibly partner on it if you’re looking for that and/or needing an experienced syndicator to get financing past a bank committee, etc.

We had to work with the historic committee to manage the project.

HB 1236 has passed the house and is in committee in the senate. https://app.leg.wa.gov/billsum...SB 5139 is in Senate committee https://app.leg.wa.gov/billsum...SB 5160 has passed the senate and is in house committee https://app.leg.wa.gov/billsum...On the linked pages you can access information on what is in the bills.

We know what they need from us when they go to loan committee, we don't have to put as much down as we use to, we are able to cross collateralize properties where they hold the first to reduce out of pocket on other deals.

I am on the NAR Conventional Financing Policy Committee, and Im actually on the Zoom call at this very moment discussing the issue.Over the last 5 years, the general range on these has floated between 7% and 12%, with only 1 month going under 7% at 6.9%. 

Keep in mind that the luxury end of the Chicago market, particularly condos, is waaaaaay overbuilt, so you will have zero appreciation and possibly a capital loss for a long time.Also, given Chicago's finances, property taxes are going to soar.Further, the Illinois legislature just reported out of committee (so it will go to the floor and get voted on) a repeal of the current ban on rent control.

If you oppose rent control, here are the instructions...TAKE IMMEDIATE ACTION AGAINST RENT CONTROLWe need you to take quick, immediate action against HB116 – House Committee Amendment 1, which would repeal the Rent Control Preemption Act.

@Kenya EdwardHad owned triplexes, tenant occupied, and never had tenants form a committee to decide who's turn it is to mow, clean hallways.