Making payments on an underwater mortgage in a declining market can feel a bit like pushing a boulder up a mountain.
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
Form-of-the-Week: A comparative market analysis for setting prices and rents — Forms 318 and 318-1
A seller’s agent uses RPI Forms 318 and 318-1 when educating the seller on a reasonable asking price or rental amount for the property.
California real estate: 2022 in review and a forecast for 2023
Read about the legislative changes and economic shifts which impacted real estate professionals during 2022 – and our forecast for 2023.
Hiring newly-minted real estate agents in a recession
Now is the instructive period of a business cycle which positions talented, recent licensees to max out the good times in the recovery phase of a business cycle.
Homebuyer demand nosedives, dashing hopes for a soft landing
Homebuyer demand is plummeting across California heading into 2023.
The votes are in: Still undeclared, the recession is already hitting California
Most readers agree: California is already in a recession heading into 2023.
Pandemic-era buying spree plunges homebuyers from minority groups underwater
The recent homebuying wave coincided with the worst time to buy — at the top of the housing cycle.
Accept partial rent, retain a tenant
How a landlord may deal with delinquent rent in recessionary times.
MLO recession survival guide part 3: Working with REO property
How MLOs can pivot during the recession to earn fees for services needed by foreclosing lenders.
The pros and cons of a robust jobs market
A robust jobs market under current conditions is a double-edged sword as the Fed continues to tackle inflation.
Today’s minimum down payment homebuyers are in big trouble
Low down payment homebuyers who go under contract today will be underwater by the time they sign on the dotted line.
Today’s homebuyers take on the highest mortgage payments ever
High mortgage rates and high (but falling) home prices make 2022 the absolute worst time to be a homebuyer.
Ready to get ahead of the recession?
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