When does strategic default make sense for a negative equity homeowner?
Recession 2020
It’s official — the 2020 recession is over. So why isn’t the economy back to normal? firsttuesday sketches out the shape of the housing market beyond the pandemic.
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The 2020 recession was the shortest ever — but its effects continue in the housing market
Latest posts
Despite Q4 2023 FRM rate slippage, Buyer Purchasing Power remains negative
Today’s homebuyer is limited to borrowing 9.7% less mortgage money than a year earlier due to higher interest rates alone.
California home sales volume: more misses in November 2023
Just 18,800 new and resale home transactions closed escrow in California during November 2023.
Mortgage delinquencies inch higher, equity shields homeowners — for now
Even as mortgage delinquencies rise, high levels of equity continue to shield homeowners from foreclosure.
California home sales volume: the slide continues in October 2023
Year-to-date home sales volume is a fee-killing 29% below 2022 as of October 2023.
Using the yield spread to forecast recessions and recoveries
The yield spread indicates the likelihood of a recession or recovery one year forward.
Today’s homebuyers settle in for the long haul
In a rapid shift amounting to whiplash for real estate agents, today’s homebuyers will need to own for years before they gain enough equity to move again.
Financial risk is high in these California metros
In terms of financial safety, most California metros rank low, with the housing market to blame.
Mortgage industry sees more originations in 2024, despite also anticipating a recession
The MBA’s crystal ball shows more mortgage originations in 2024 – but also a recession.
California home sales volume: downturn solidifies in September 2023
California home sales volume in September 2023 was down 14% from the prior month — and down 20% from a year earlier.
Alternative fee structures to attract clients when home prices are falling
Sellers attempting to save money when prices are falling often turn to FSBOs – here’s how you can regain fee-adverse clients.
Rental vacancies advance; rents fall back. Surprised?
The rent is still too darn high — but not as high as it was yesterday here in California.
Ready to get ahead of the recession?
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