30-year FRM rates have a story to tell; ARMs poised to shift lender risks to homebuyers; The 10-year Treasuries and FRM rate spread suggests rates will rise
Interest rates set to rise; Monthly Statistical Update (September 2021)
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Buying Homes in Foreclosure
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Form-of-the-Week: The Annual Property Operating Data Sheet (APOD) and Tenant’s Operating Expense Profile – Forms 352 and 562
RPI Forms 352 and 562 discloses income and expense figures on the operation of an income-producing property and provides tenants with the total costs of leasing a space.
More jobs and pay needed to support today’s home prices; Monthly Statistical Update (August 2021)
California home prices soar; Jobs begin their long recovery; Homebuyer purchasing power to level, removing support for increasing prices
Investors are diving back into real estate
This “splurge surge” has impacted asset prices of all types, including real estate.
Buyer FOMO and construction shortage drive listing drought; Monthly Statistical Update (July 2021)
Inventory rises from the bottom; More construction is the best cure for inventory shortage; Buyer FOMO inflates sales volume
Attornment clauses in nonresidential leases
This article discusses attornment, subordination and nondisturbance clauses in nonresidential lease agreements, and their use by landlords and lenders to alter the priorities of leases and trust deeds. One grim hallmark of a recessionary market is the ensuing tidal...
Don’t be misled by these bright spots in the housing recovery; Monthly Statistical Update (June 2021)
The yield spread forecasts no double-dip recession; Stimulus payments distort personal savings rates; Rising home sales volume: a mirage?
Golden state population trends
California population shifts since 2000 sheds light on how current migration trends impact residential rentals and sales.
Rising interest rates are primed to pop the home price bubble; Monthly Statistical Update (May 2021)
Mortgage rates rise from historic lows; Pre-2021 rise in buyer purchasing power is done; Home prices are in bubble territory, again
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