Yield spread emboldens the recession factor; The jobs recovery is leveling out – no surprise; Interest rates for borrowing drive pricing
Property prices and cost of capital test buyer readiness; Monthly Statistical Update (May 2023)
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Buying Homes in Foreclosure
Become an equity purchase investor hero. Stay current on the latest news, videos, forms, and updates for Buying Homes in Foreclosure.
Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
Newly published related content
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.
Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)
Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
Industrial real estate set to normalize
Following the pandemic-era distortions that sent demand for industrial space into a boom-time frenzy, industrial real estate transactions adjusted to a recession fever in 2022.
ARM-FRM crossover removes last support for home prices
The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.
Underwater homes, reduced construction starts spell change for California’s active agent population; Monthly Statistical Update (March 2023)
https://vimeo.com/802054438 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: the share of California’s mortgaged homes underwater, now inching higher...
Property exchanges when Cash is King
Agents who want to stay a step ahead during the housing market downturn will become versed in property exchanges.
Lacking interest rate support, home sales volume crumbles heading into 2023; Monthly Statistical Update (February 2023)
A bird’s eye view on destabilizing mortgage rates; Homebuyers with less money to spend, spend less; Home sales volume flops as sellers resist repricing
Property Management 101
Read on for a summary of California property management laws and best practices.