House prices can only rise if wages go up, interest rates go down, or supply is restricted. Will we finally see rising wages in 2015?
Yesterday I wrote about the importance of wages for house prices. Assuming mortgage interest rates are stable (probably a poor assumption), then for house prices… – Will rising wages boost house prices?
Borrower income and mortgage rates determines how much buyers can borrow for a home purchase, making borrower income a major component of market prices.
Since this is the prime season for real estate sales, many people come to this site for basic information on homebuying and the market. Today,… – How borrower income effects payments and determines home values
In the next four years, 250,000 of HELOCs are due to recast in Los Angeles and Orange counties.
Lenders mastered kicking the can when millions of borrowers stopped paying their debts. Rather than foreclose on delinquent borrowers, lenders collectively decided it was in their best interest to… – 250,000 HELOCs due to recast in Orange and LA Counties
Mark Hanson believes the reflated housing bubble will also pop. I think we won’t see any significant price deflation going forward.
The housing bears have not completely gone away. Zero Hedge, Keith Jurow, and Mark Hanson remain bearish, and they provide some of the most compelling… – One of the last housing bears roars “not if but when”
Young people and lower-income households can’t afford the high house prices in California, forcing many to move out of state.
Yesterday I provided an update on the local housing market. The data in my reports show the market is relatively affordable, but this affordability is not spread… – High housing costs push Millennials out of California
With increasing affordability from falling mortgage rates, expect increasing sales and increasing prices until rates begin to rise.
Each month, I publish housing market reports for most of Southern California. The overview report covering the counties of Los Angeles, Orange, Riverside, San… – Orange County Housing Market Update: May 2015
MLS Inventories are low because underwater owners and those will low equity aren’t listing their homes.
Back in 2011 lenders changed their loss mitigation policies. Rather than foreclosing on delinquent borrowers and selling the subsequent property as REO, banks made two major changes… – NAr’s Lawrence Yun doesn’t understand cloud housing inventory