The Mortgage Bankers Association (MBA) forecasts a 59% decline in commercial loan origination amounts in 2020 for a total of $248 billion.
Commercial lending plummets in 2020
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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
Low interest rates have inflated prices, but the boost is coming to an end; Monthly Statistical Update (September 2020)
Sales volume’s magnetic pull on home prices; The mean price trendline: the home price anchor; The higher risk and lower purchasing power of a small down payment
Brokerage Reminder: Prop 13 – transactions excluded from reassessment
This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.
Sales volume: a powerful magnet for home prices
Home sales volume movement impacts tomorrow’s home prices.
Brokerage Reminder: When in doubt, disclose – always!
Brush up on the Transfer Disclosure Statement and the importance of disclosing material facts to buyers and sellers.
Buyer purchasing power props up home prices, for now; Monthly Statistical Update (August 2020)
Buyer Purchasing Power Index (BPPI) rises with falling interest rates; Home sales volume succumbs to economic pressure; Home prices continue to defy gravity
Commercial real estate is reeling
Commercial property sales were at their lowest level in a decade in May 2020.
Declining jobs mark a hold-cash phase in 2020; Monthly Statistical Update (July 2020)
Jobs lost puts a face on the 2020 recession; Stock market highs and lows as mostly momentum, not data based; Real estate investments are tangible and location counts — just not in 2020
Today’s low interest rates aren’t enough to boost inventory, home sales volume; Monthly Statistical Update (June 2020)
30-year fixed rate mortgage (FRM) rates hit historic low; For-sale inventory drops; Home sales volume set to fall