Fixed rate mortgage (FRM) rates leaped; While mortgage rates jump, Treasuries only rise; High home prices just lost support
Mortgage rates jump, depressing real estate pricing in 2022; Monthly Statistical Update (February 2022)
read more
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.
Latest Articles
Press Release: Q4 2021 Buyer Purchasing Power goes negative with rising interest rates
The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Mortgage rates enter 2022 in a risky crossover; Monthly Statistical Update (January 2022)
Fixed rate mortgage (FRM) rates look flat to up; Bond market investors subdued as the Fed fights inflation; Homebuyers eye low rates on adjustable rate mortgages (ARM)
2021 in review and a forecast for 2022 and beyond
Catch up on 2021’s biggest real estate stories and read firsttuesday’s forecast for 2022 and beyond.
Form-of-the-Week: Guarantee Agreement for Rental or Lease — Form 553-1
A lease guarantee commits the individual who signs it to pay the landlord throughout the duration of the lease. Since this agreement carries a significant financial risk, a commercial tenant may want to seek alternative negotiation tactics to get around signing the personal guarantee.
Zillow exits home flipping after getting burned in hot market
Zillow’s large-scale flipping scheme was bound to fail.
Construction awaits a full jobs recovery; Monthly Statistical Update (December 2021)
The faltering recovery progress for jobs; Low labor force participation continues; Construction recovery hampered
Investor home purchase share at an all-time high in 2021
Investor market shares are hitting record highs in Q3 2021. Find out what this means for investors across California.
The labor force participation rate rebounds slowly, with poor implications for real estate
Having steadily declined since 2009, the labor force participation (LFP) rate plunged in 2020.
Errata & Updates
- 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