The Shadow Inventory Debate ContinuesCan homes come out of the shadows enough to hurt prices?Posted: March 12, 2013 at 9:45 AM by John McClellandRecently there has been a lot of talk regarding shadow inventory, negative equity and Nevada Assembly Bill 284. AB 284 requires an affadavit of authority which states that the signatory has personal knowledge of the documents required for a proper foreclosure. This has lead to a sharp drop in notices of default, the first step in the foreclosure process. However, I don’t think that AB284 should get all of the blame. Certainly it has had a major impact but we shouldn’t look at it in isolation. Lack of invent read more |
Boomerang BuyersCNN explores families that have returned to the market after a foreclosurePosted: March 12, 2013 at 9:28 AM by John McClellandBuyers that lost their homes to foreclosure just several years ago, have nursed their credit back and are back in the market for a new home, however they often enter at half of the prior mortgage payment. http://money.cnn.com/2013/03/11/real_estate/foreclosure-homes/ |
Institutional Buying of SFRUpdate on SFR rentalPosted: December 26, 2012 at 2:26 PM by John McClellandWe first described the single family rental business as an opportunity back in late 2009, when homes could be acquired at trustee sales with enough velocity to make sense. In our 2011 annual report, we also described how the business could make sense. Since that time, many more buyers have become active in the Las Vegas market, many of which are backed by private equity. Further, these firms are likely to achieve some economies of scale and are taking a mixed approach to the underwriting with a view towards read more |
CBOE RPXA Method to Hedge Home Prices or Gain Exposure on the UpsidePosted: September 14, 2012 at 9:46 AM by John McClellandThe CBOE has a futures contract based on Radarlogic's RPX indices. This product is starting to gain interest as one investor bought 26,490 contracts.From John Angelos at the CBOE:http://communities.cboe.com/t5/What-s-On-Our-Minds/An-Overveiw-on-RPX-a-Residential-Real-Estate-Home-Price-Futures/ba-p/3199?goback=%2Egde_1128757_member_135864601 read more |
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