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- Robert W's Public Profile -
Apr 02 2026, Thursday

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Robert W Neill Jr

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Robert W
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Neill Jr
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By Robert W Neill Jr
Apr 14, 2022, 9:16 pm
Mortgage Rates Go Over 5%

With the 28 basis point jump of 30-year, fixed-rate mortgage to 5% for the week ending April 14, it nearly doubled the rate of 2.65% from January 2021. This increase is after the first of 6 interest rate increases that are planned by the Federal Reserve to try to control inflation. Some lenders have started to down-value properties and more mortgage applications are being declined. With inflation at a 40 year high and mortgage rates at a 10 year high a cooling off of real estate markets may be ahead. Recessions historically follow inflation. It is still in fresh in mind that the real estate highs of 2006 were followed by a crash and recession in 2008.

--- Robert W. Neill, Jr. is a sixth-generation farm and land owner and a licensed real estate broker who represents buyers of farm, land and real estate properties and is an investor in small businesses and startup companies. He can be contacted through his web site at landhungry.com

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By Robert W Neill Jr
Apr 7, 2022, 6:37 pm
Starting pay for Walmart truck drivers raised to $110,000

Starting pay for Walmart truck drivers has been raised to $110,000. Walmart will train existing workers in other departments who are interested. (WSJ) Manufacturing in China is grinding to a halt again because of Covid, more inflationary pressure. (WSJ) Soaring interest rates are a big barrier to the American dream of home ownership. (Fox Business) Biden is betting the strong job market will prevent a recession. (AP) Deutsche Bank is the first big bank to forecast a recession (CNN) --- Robert W. Neill, Jr. is a sixth-generation farm and land owner and a licensed real estate broker who represents buyers of farm, land and real estate properties and is an investor in small businesses and startup companies. He can be contacted through his web site at landhungry.com

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By Robert W Neill Jr
Apr 5, 2022, 11:00 am
Shad White's Report On The Brain Drain

State Auditor Shad White's report on the brain drain is a must read which gives insight about the 50% of college graduates who leave Mississippi within 3 years and where those who remain decide to live within the state. 50% leave for Atlanta, Dallas, Houston, Nashville, and so on but those who remain in the state are concentrating in just 10 counties of the state. 67% of the analyzed public university graduates live in Hinds, Harrison, Lee, Forrest, Rankin, Madison, DeSoto, Oktibbeha, Lafayette, and Lauderdale counties. The lack of an educated and trained labor pool makes it difficult for the other 72 counties to stop their population decline and attract jobs. The entire report can be read online https://www.osa.ms.gov/documents/Special_Reports/Brain%20Drain%20Report.pdf -- Robert W. Neill, Jr. is a sixth-generation farm and land owner and a licensed real estate broker who represents buyers of farm and land properties and is an investor in small businesses and startup companies. He can be contacted through his web site at landhungry.com

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  • By Robert W Neill Jr
    Apr 3, 2022, 7:40 pm
    Triple Witching - Fed, Oil, War

    The triple witching of the Fed, Oil, and War is creating an environment where a recession may soon be possible if not likely. In a note to clients, Morgan Stanley warned this week that for the Fed "it will be a challenge to orchestrate a soft landing". As we entered the third year and hopefully the winding down of Covid it appeared the pent-up demand in the economy from lockdowns would be strong enough to keep a recession at bay. While economists are divided on whether a recession may be coming, nearly all see an economic downturn of some degree. Some see the present landscape as similar to the 1980s when Fed Chairman Paul Volcker used high interest rates to get inflation under control which triggered a deep recession. ---- Robert W. Neill, Jr. is a sixth-generation farm and land owner and a licensed real estate broker who represents buyers of farm and land properties and is an investor in small businesses and startup companies. He can be contacted through his web site at landhungry.com

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