Larry Roberts real estate writing blog

Monday, May 26, 2014

Mortgage Refinance: What you must know about purchase mortgage applications

Purchase mortgage applications must increase to compensate for declining investor demand, a difficult proposition considering higher prices, tighter lending standards, and slow job growth. When a financed buyer contracts to buy a home, they apply for a purchase-money mortgage. The Mortgage...
What you must know about purchase mortgage applications

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Mortgage Refinance: Will the "Ability to Repay" rules prevent reckless mortgage lending?

Qualified mortgage standards and the ability to repay rules provide a rigid framework designed to prevent lenders from irresponsibly inflating another painful housing bubble. The rules as drafted should achieve the desired effect. The housing bubble inflated because lenders underwrote huge...
Will the "Ability to Repay" rules prevent reckless mortgage lending?

USA Foreclosure: California’s Homeowner Bill of Rights will stop foreclosure

California’s Homeowner Bill of Rights will stop foreclosure without a foreclosure attorney. Learn new foreclosure laws for foreclosure help. The housing bubble and bust exposed many flaws in our property finance system, particularly related to foreclosures. The Dodd-Frank reform corrected many o...
California’s Homeowner Bill of Rights will stop foreclosure

Renter News: Can it be a good time to buy and a good time to rent?

The conventional wisdom is it’s either a good time to buy or it’s a good time to rent, but not both. Rising house prices and rising rents generally favor buying because the owner can lock in a fixed cost of ownership while profiting from appreciation. Falling house prices or stagnant...
Can it be a good time to buy and a good time to rent?

Sunday, May 25, 2014

Banks squeeze market supply further to juice prices

Banks are enjoying the market’s recent strength as collateral value returns to back their bad loans. Homeowners who aren’t distressed don’t mind either, but it’s the banks that benefit the most from the current situation of restricted MLS supply. To further restrict...
Banks squeeze market supply further to juice prices

Friday, May 23, 2014

Real estate negotiation techniques

Negotiating the sale of residential real estate is no more difficult that negotiating for any other product of service that does not have a fixed price; however, due to the colossal cost of houses, the process is more important financially than negotiating for other big-ticket items like...
Real estate negotiation techniques

Will weakness in housing prompt more stimulus?

Weak housing numbers will not cause the federal reserve to change its policies because aggregate debt is rising and mortgage rates are still low.

In the minds of some people, unlimited support of inflated house prices is an absolute, not to be questioned or wavered from. If house prices are...
Will weakness in housing prompt more stimulus?

Thursday, May 22, 2014

Clearing Obamavilles: Evicting homeless from their tents, shanties, and cardboard boxes

Homeless people settle in areas not favored by local communities; some municipalities forcibly remove the homeless leaving them no place to go.

Modern American culture can trace its roots on the North American continent to pioneering English settlers. Life on the frontier is harsh, and each...
Clearing Obamavilles: Evicting homeless from their tents, shanties, and cardboard boxes

Tuesday, May 20, 2014

Delinquent mortgage squatting went on for years

Some lenders may be increasing the rate of foreclosures, but overall, the time it’s taking banks to foreclose is increasing. The foreclosure time now stands at a record 631 days. Foreclosures don’t take forever, but they certainly do take a very long time. Foreclosure used to be a...
Delinquent mortgage squatting went on for years

Housing market manipulations give homebuilders false signals

Artificially low interest rates and restricted inventory causes builders to focus on higher priced houses we don’t really need.

Homebuilding usually leads the economy out of recession. The Great Recession did not end with a building boom largely because of overbuilding during the housing...
Housing market manipulations give homebuilders false signals

Monday, May 19, 2014

The housing bubble is bursting in China, now what?

Analysts pointed to a massive housing bubble in China for many years, but property prices haven’t crashed… until now.

Anyone who talks about housing bubbles these days is immediately labeled a “doom and gloomer.” It’s a familiar refrain, often heaped on people like...
The housing bubble is bursting in China, now what?

Are homeowners happier than renters?

I am perhaps the most widely known renter in Orange County. I’ve been writing under the moniker Irvine Renter for over six years now. Are renters like me less happy that those who bought homes? First, I want to point out I was not always a renter. Like many others, I bought a house...
Are homeowners happier than renters?