https://victoriamapperley.co.uk/t90og03rqlq Tens of thousands of delinquent mortgage squatters may be awarded free housing if attorneys prevail with their statutory claims. "In law, unjust enrichment is where one person is unjustly or by chance enriched at the expense of another, and an obligation to make restitution arises, regardless of liability for wrongdoing," according to Wikipedia. In terms of delinquent mortgage squatters, they are clearly being enriched at the expense of the lender who provided a loan in good faith on the assumption the loan would be repaid with interest. Our real estate finance system functions because lenders believe they will get their money back either through repayment or foreclosure if the borrower becomes delinquent. If lenders didn't have this assurance, they simply…[READ MORE]

Curbing the power of NIMBYs at local government is essential to providing more housing to alleviate shortages in California. California house prices are high relative to the rest of the nation for two reasons, one fundamental, and one not. First, California wages are higher than most of the rest of the nation, so people who live in California qualify for larger loans and use those loans to bid up prices -- the fundamental reason. Second, California has a chronic shortage of housing, which forces buyers to compete with each other for the available housing stock -- a reason that is not fundamental, but political. The market for housing in most of the United States is much more stable, and house…[READ MORE]

https://markmadsen.com/2022/11/17/bh3ta8x6m Historically, properties in this market sell at a 25.7% discount. Today's discount is 34.9%. This market is 9.3% undervalued. Median home price is $258,200 with a rental parity value of $398,400. This market's discount is $140,200. Monthly payment affordability has been improving over the last 12 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $171/SF to $171/SF. Resale prices have been falling for 3 month(s). Over the last 12 months, resale prices rose 4.5% indicating a longer term upward price trend. Median rental rates increased $8 last month from $1,743 to $1,751. The current capitalization rate (rent/price) is 6.5%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]

https://partyhosthelper.com/29h99522 Wealthy real estate investors will move their money out of ultra-high-end properties when better investment opportunities become available. Rising mortgage rates hurt properties priced under $1.5 million directly because rising mortgage rates reduce the amount financed buyers can borrow and bid. What most people don't realize is that rising interest rates (not necessarily mortgage rates) hurts the ultra-high-end real estate market too. The market for properties priced over $1.5 million depend less and less on mortgage financing and more on the opportunities the wealthy have to park money and preserve asset value. The cash buyer of a $5 million property isn't affected by mortgage rates at all, but that buyer is greatly impacted by the desirability of competing asset classes…[READ MORE]

Sometimes people who feel they have something to say communicate far more by their actions than their words. Bernice Ross, CEO of RealEstateCoach.com, is a national speaker, author and trainer with over 1,000 published articles and two best-selling real estate books. She recently wrote about her experience obtaining a loan modification, and it contains many valuable lessons for anyone considering following her path. Riding the loan modification merry-go-round What it takes to climb out of a credit mess by Bernice Ross, Feb 16 When you or your clients find yourself in a financial mess due to circumstances beyond your control, you have a number of options. Do you walk away from your home when your mortgage exceeds its value? Do…[READ MORE]

https://thebirthhour.com/4cnjhvj5ut Chinese house prices fell considerably in February. Is this the first leg down in what will become an epic financial catastrophe? The Chinese government and central bankers ran a Ponzi scheme to accelerate real estate development to help China catch up to the rest of the world. Unfortunately, since it was a Ponzi scheme, they couldn't figure out a way to unwind it without devastating their economy, so they kept putting more and more money into it, hoping desperately that it would work itself out. At some point long ago, China developed enough housing stock and commercial properties to meet the needs of its citizens, but since they depended so heavily on continued development to sustain their economy, they kept…[READ MORE]

https://thebirthhour.com/g9i1c1fl Assuming we don't have another recession, homebuilding will take another two or three years to regain full strength. I reported in 2012 that the same policies that served to eliminate distressed inventory from the MLS also served to revive homebuilding. Homebuilders provide must-sell inventory, so they need a vibrant resale market with a chronic lack of supply to sell into. A glut of foreclosures and weak demand is not a favorable set of circumstances for homebuilding. At first low MLS inventory was a boon to homebuilders, but housing market manipulations give homebuilders false signals, so Orange County homebuilders oversupplied the market, and as it turned out, reflating the housing bubble hurts homebuilders, rather than helps them. It wasn't until early…[READ MORE]

Rumors of a surging real estate market are greatly exaggerated. I recently asked, Did the OC housing market come alive in February 2015? Anecdotal reports of surging buyer demand looks similar to the frenzy at the beginning of 2012 -- or so local agents would like everyone to believe. The fact is the market was very weak in January, and the anecdotal reports of a resurgence in February may be more wishful thinking than market reality. If the market is so hot right now, why is for-sale inventory up 45% while sales are down 3.6%? Wouldn't the opposite be the case if demand were surging and days on the market were declining? Many of these new listings will be cloud inventory…[READ MORE]

Historically, properties in this market sell at a 18.5% discount. Today's discount is 24.8%. This market is 6.2% undervalued. Median home price is $290,500 with a rental parity value of $384,800. This market's discount is $94,300. Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $165/SF to $164/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 5.4% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,691 to $1,691. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 9 month(s). Price momentum signals rising rents over the next three…[READ MORE]

Buy Herbal Xanax What would you do if you were really, really angry at your bank? Losing a home in foreclosure really makes some people angry. I realize that's not exactly a news flash, but the manifestations of that anger are truly remarkable, particularly when you consider the borrower has some responsibility for this negative outcome. I contend that Lenders Are More Culpable than Borrowers in the housing debacle. Apportioning blame for the housing bubble has become a polarized political issue. The Left wants to portray the evil banks as taking advantage of hapless borrowers thus entitling these borrowers mortgage relief or absolution for strategic default. The Right points out the responsibility borrowers have for their own behavior and wants to bail out…[READ MORE]