Morning! This is MF Lending - the fool-proof way to serve up mortgage and real estate market knowledge without any of the guesswork. So you’ll look like the smartest agent in the room (and you are!)

Here’s what we’ve got for you today:

1. A Contrarian Opinion - Are we in a housing bubble? 🫧

2. Fed predictions improve for November meeting 🎥

3. The MF Lending Promise 🪩

By the way, this article on Fed Targets for ‘23 is the most clicked link in this newsletter, you should check it out if you are interested.

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Nuwave Rates Today 📈

A Contrarian Opinion - Are we in a housing bubble? 🫧

A popular economist and lead writer for - MishTalk - has most recently written a series of articles asking a simple question - How Big is the US Housing Bubble?

Whether you believe a bubble exists or not, it has been interesting to read the contrarian view.

In the first article, he analyzes the most recent Case-Schiller home price index vs Real Disposable (after-tax) Income.

In his follow up article - Another Look at the Question: How Big is the US Housing Bubble? - he revisits the chart and compares the Case-Schiller prices to a few other data points - hourly earnings, CPI, and rent index.

So - do you think we are in a housing bubble? Let me know why in the comments…🙂 

Fed predictions improve for November meeting 🎥

Some encouraging signs from top economists on CNBC this morning:

• “Ultimately we are losing momentum and by the time November rolls around, it will look like [the Fed] have done enough.”

• “Not much ammunition to raise [rates]”

With two weeks before the next Fed meeting - it is a high likelihood the Fed will hold rates where they are with the probability sitting at 95%. According to the Fed Watch Tool -

The MF Lending Promise - 🪩

I had an identity crisis over the past week.

I did what I thought I was supposed to do - create a brand with a logo of a house, simple colors, nothing too loud. Make it approachable to everyone.

But that’s not what MF Lending is about. This isn’t some corporate bullshit with a house logo and a boring color. MF Lending is about showing up differently and bringing personality into the home-buying process. So I’m back to the disco ball 🪩 — because disco balls are fun.

Buying your first home, second home, vacation home, or STR that changes your life, should be a party. It should be celebrated because it is badass that you became a homeowner.

MF Lending is about celebrating an accomplishment — and on top of the celebration, you get the service, the communication, the low rates, and the partnership that comes with it — from me and from everyone on my team who is a part of the process.

The tagline is simple: make agents the smartest in the room. My goal is not for you to be impressed with me. My goal is to make YOU impressive to your clients.

If we can accomplish that together, we can help you serve more clients this year - and we can grow together.

You can join the ride by following on Instagram @mf.lending

The Cul-de-Sac

Thanks for reading - that is all we have for today 😎

Please forward this to your friends and colleagues if you found it valuable.

— Michael F DiLucchio