Recessions | firsttuesday Journal

National mortgage balances increased by $1 trillion in 2022

by Amy Perry | Mar 24, 2023 | Finance, Mortgages, Real Estate, Recessions | 0

During the fourth quarter of 2022, total national mortgage debt increased by $254 billion, contributing to a $1 trillion increase in mortgage balances in 2022.

Due-on leasing regulations

by Amy Perry | Mar 20, 2023 | Property Management, Real Estate, Recessions | 0

Landlords and property managers need to know what triggers and exempts the due-on clause, since mortgage holders enforce the due-on clause more frequently in times of rising interest rates.

ARM-FRM crossover removes last support for home prices

by Carrie B. Reyes | Mar 16, 2023 | Charts, Economics, Interest Rates, Real Estate, Recessions | 0

The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.

Mortgage delinquencies rise from historic low

by Carrie B. Reyes | Mar 10, 2023 | Economics, Finance, Mortgages, Real Estate, Recessions | 0

While home sales volume is plummeting and home prices are spiraling, there is one housing factor on the rise — mortgage delinquencies.

California home sales volume broke another decade low in January 2023

by Carrie B. Reyes | Mar 1, 2023 | Economics, Home Sales, Real Estate, Recessions | 0

California home sales volume started 2023 with the lowest numbers since the Great Recession.

Stagflation woes put California’s housing market on alert

by Carrie B. Reyes | Feb 23, 2023 | Economics, Forecasts, Real Estate, Recessions | 0

Will stagflation rear its ugly head again in 2023, pushing the housing market deeper into recession?

Homebuyers recede as 2022’s mortgage rate tsunami ends

by Carrie B. Reyes | Feb 9, 2023 | Economics, Home Sales, Real Estate, Recessions | 0

As long as buyers are limited by rising mortgage rates, the seller’s list price is the only moveable part in the transaction.

Surrender cancels the lease agreement

by Amy Perry | Feb 8, 2023 | Property Management, Real Estate, Recessions | 0

When a tenant materially breaches a lease agreement, the landlord may complete a surrender, in which the landlords accepts a return of possession from the tenant in exchange for cancelling the lease agreement.

A property’s energy consumption: known and demanded in a recession: Part 1

by Carrie B. Reyes | Feb 6, 2023 | Economics, Feature Articles, Real Estate, Recessions, Your Practice | 1

During a recession, buyers have the luxury to pick over every aspect of a home – including its energy costs.

California home sales volume in 2022 began the purge of pandemic distortions

by Carrie B. Reyes | Feb 1, 2023 | Economics, Home Sales, Real Estate, Recessions | 1

The number of homes sold in December 2022 was a devastating 44% below a year earlier.

Property exchanges when Cash is King

by Carrie B. Reyes | Jan 27, 2023 | Feature Articles, Investment, Real Estate, Recessions, Tax | 0

Agents who want to stay a step ahead during the housing market downturn will become versed in property exchanges.

Negative equity and foreclosure

by Carrie B. Reyes | Jan 27, 2023 | Economics, Feature Articles, Mortgages, Real Estate, Recessions | 0

When does strategic default make sense for a negative equity homeowner?

Rent collectible under a lease agreement

by Amy Perry | Jan 13, 2023 | Property Management, Real Estate, Recessions | 1

When a tenant commits a material breach of the lease agreement, possession may terminate. However, the landlord’s right to collect rents throughout the term of the lease remains.