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The worm is turning for investment real estate: American Homes 4 Rent posted a net loss of $14 million. Wells Fargo announces layoffs for 2,300 due to... 26 Aug 2013 | 10:51 am
It is no secret that Wall Street has been a big player in this current real estate run. The two biggest single-family landlords in this game are Blackstone Group LP’s Invitation Homes followed by Cal...
Reinventing Feudalism in America: How can existing home sales go up when mortgage applications are falling? 22 Aug 2013 | 09:34 pm
This week we were welcomed by the news that existing home sales reached a multi-year high. Good news right? Depends on where you stand since the stock market continued to react to the potential of t...
Bring back the condo conversions: Los Angeles apartment to condo conversions pick-up steam, just like it did in the last housing run. 19 Aug 2013 | 11:23 am
Time to slap on some new paint, lay down some hardwood floors, and haul in some granite countertops because it is time to convert that funky apartment building into a condo project. Los Angeles and S...
The majority of home purchases are now being done by cash buyers: Destroying the myth that cash buyers are a small portion of the market. 60 percent o... 16 Aug 2013 | 10:36 pm
There was an odd sort of myth floating around the market that the cash buyer crowd was somehow a tiny portion of the market, like a drop of water in the vast ocean of home buying. This delusional dre...
Come for the rents, stay for the flips: Cash investors continue to flood Las Vegas real estate market with promises of real estate wealth. 14 Aug 2013 | 10:22 am
Las Vegas is a fascinating case study of a market that can boom, then bust, and then boom again all within the timeframe of one decade. It is telling that for the first time in history we are living ...
Rental World: California adds more than 500,000 renters while the homeownership rate declines amidst a boom. California food stamp users jump from 2.2... 11 Aug 2013 | 11:10 am
The California housing market is providing us with two different pictures. First, home prices have surged and inventory is still very low (although increasing from the spring low). However, the home...
How to get a $1 million home for $1,900 a month: The leverage provided by the resurgence of interest only loans. Leveraging up in expensive neighborho... 6 Aug 2013 | 09:55 pm
The interest only loan is back but in a very specific way. There are a few people with relatively high incomes that are using these to their advantage. I decided to run a quick test trial on this to...
Survey finds housing market in mania: Two-thirds of potential buyers willing to use ‘aggressive’ buying tactics. Is the real estate market overheating... 3 Aug 2013 | 11:03 pm
A recent survey of potential home buyers found that many were willing to use unconventional purchasing methods. The term used was ‘aggressive’ buying tactics. Yet when we look at what was found is t...
Rental Nation: US Home ownership rate continues to decline to multi-decade lows while rental vacancies continue to decline. Record prices in a few are... 31 Jul 2013 | 09:17 pm
This week we had two interesting headlines converge. One had to do with home prices continuing to move up. In fact, four markets hit new record levels. These were mostly in Texas; Houston, Austin, ...
The resurgence of ARMs in the real estate market: Buyers taking on additional risk to squeeze into homes and increasing leverage in the housing market... 29 Jul 2013 | 12:37 pm
The amount of speculation occurring in the housing market is extremely high. Not to the levels of what was seen between 2005 and 2007 but it is certainly getting close. For example, the usage of adj...
