Zillow: Coastal California house prices may decline as mortgage rates rise

 Coastal California real estate will be among the most susceptible to problems with affordability due to rising mortgage rates.

Mortgage rates went down from 2007-2009 because it was necessary to save our banking system — or at least to save the assets of the idiots in charge. Lenders … – Zillow: Coastal California house prices may decline as mortgage rates rise

House prices depend on bank policies toward delinquent borrowers

The house price crash and subsequent bubble reflation was heavily influenced by bank policy.

Most people assume house prices are the result of market forces determined by supply and demand from individual homebuyers and home sellers. The reality is that policies at the major banks, particularly… – House prices depend on bank policies toward delinquent borrowers

Flipside of declining homeownership rates: relentlessly climbing rents

As more families eschew homeownership in favor of renting, the cost of renting residential real estate continues to rise.

In the depths of the Great Recession, incomes dropped and many people lost their jobs and many others barely hung on. Ordinarily, such circumstances would cause rents to… – Flipside of declining homeownership rates: relentlessly climbing rents