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Case-Shiller: National House Price Index increased 3.7% year-over-year in March

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Case-Shiller: National House Price Index increased 3.7% year-over-year in March

by Calculated Risk

S&P/Case-Shiller released the monthly Home Price Indices for March (“March” is a 3 month average of January, February and March prices).

This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index.

Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA data for the graphs.

From S&P: S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Continue to Weaken

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.7% annual gain in March, down from 3.9% in the previous month. The 10-City Composite annual increase came in at 2.3%, down from 2.5% in the previous month. The 20-City Composite posted a 2.7% year-over-year gain, down from 3.0% in the previous month.

Las Vegas, Phoenix and Tampa reported the highest year-over-year gains among the 20 cities. In March, Las Vegas led the way with an 8.2% year-over-year price increase, followed by Phoenix with a 6.1% increase, and Tampa with a 5.3% increase. Four of the 20 cities reported greater price increases in the year ending March 2019 versus the year ending February 2019.

(NOTE: The Phoenix Market did a complete u-turn NORTH. 45% of all inventory was sold in April. What was a down turn, is now back on track. The Phoenix area is growing by 86,000 people every year. Maricopa County is the fasted growing county in country. CLICK HERE FOR THE LOCAL REIA STATS

THE COMPLETE ARTICLE CAN BE VIEWED HERE

New to Market – New Performing Notes

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Property Locations

IL  IN   MI   OH  TN
    
BPO Range: $33,000 – $70,000
UPB RANGE: $17,785 – $34,860
PURCHASE PRICE RANGE: $19,000 – $26,200

PRICING RANGE:  76% to 90% of UPB

Re-Performing Loans & Seasoned Performing Loans
Click Here to Access

Case Studies ~ Buy A Performing Note – Then It Goes South — Part 2

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As discussed in my prior blog, Note workouts are not rocket science. It is a matter of treating every party fairly.

CASE STUDY 2

This 2nd case study happened on a 2nd Mishawaka, IN property. My

partner & I bought a non-performing note(NPN) in October, 2014. The payor had become functionally unable to do anything due to a debilitating disease and had been out of the house for 2 years. We tried a workout which was not viable but did get a deed in lieu of foreclosure with cash for keys.

After fixing the place up, we found a recently divorced lady. She was happy with a probtionary rent-to-own for 12 months a and Seller-carry to follow with 10% down. She was also qualified by an RMLO oer Dodd-Frank. We sold the 1st note to a partial note investor and kept the second.

Fast forward, the payor stopped paying due to illness. Again we developed a good working relationship with her. After a series of discussions, she confirmed that she really did want to stay and agreed to a loan modification. The “we” was the partial note buyer.

The end result is after consulting with our legal counsel and her daughter, the payor signed a Quit Claim deed to be held in escrow and agreed to a payoff schedule for her to get caught up on the back payments. If she falls behind on any payment for more than 15 days we can record the Quit Claim deed. My company will own the house. We have avoided the the foreclosure process to boot. The bottom line: the payor is happy and agreed to bring the loan current, the partial buyer is happy as she is geting paid, my partner is happy as we are both collecting on our second and have avoided a negative situation –the long forfeiture process.. This was/is a total win-win.

Potentially, we may have to record the deed and rehab, but for now it is all good.

Is The Phoenix Housing Market on Borrowed Time?

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The next Phoenix Note Investors Forum will be
Wednesday January 9th, 2019

Guest Speaker – Stan Harley              

MEETING TOPICS —Economic Predictions 2019

Is The Phoenix Housing Market on Borrowed Time?

RESERVE YOUR SPOT ON THIS SITE
Attendance capped at 55

Full buffet lunch.

How to Raise Capital From Private Investors

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The November 7th Note Investors Forum will be hosting –Howard Tenn

of Asian Night Capital. This will be an enlightening presentation on

How to Pitch a to a Private Investor. Click on picture for 68 second overview

 

 

 

 

 

 

Tickets can be purchased at

 

NOTE INVESTORS FORUM – INVESTING IN NOTES W/ YOUR IRA

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The October 3rd NOTE INVESTORS FORUM will be special. Quest IRA will be sharing how to best intergrate your note / real estate transactions into your IRA retirement planning. The Quest team is flying in to present. Bring your questions. Be prepared to take notes.

 

 

TO RESERVE YOUR SEAT  

TRUSTS | NOTES | REAL ESTATE | IRAs – NOTE INVESTORS FORUM

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A CONUNDRUM of  Confusion and Questions?  

Join us Wednesday September 5th 11:30am.

Lunch at the Note Investors Forum Meetup

Topic:

Trust Basics For  Notes & Real Property
What Every Note & Real Estate Investor Needs to Know

Why trusts should be utilized in the Note/Real Estate Arena.

We’ll drill down into what works & does not work.
Practical hands on application for a ROTH IRA

Location: La Famiglia Restaurant, SE corner of Dobson & Guadalupe, Mesa, AZ

The Smart Money Housing Strategy

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The following article appeared in the Economy & Markets Newsletter by Harry Dent.  The key ahha phrase, “In the next crash, rentals will tend to hold up. Housing prices will fall. Use your equity and cash flow from owned rentals to buy the far cheaper foreclosures (often by just taking over the payments at a discount) then rent them out for even more profits……”

Other Key points, “Rent the House You Live in… Buy One Far Away to Rent Out…”

Read More Here

 

There was another interesting article in MarketWatch. “Pick your poison: Here are the best neighborhoods for real estate investing if you want income or if you want growth”… CLICK HERE for the article.

10 Numbers That Prove That America’s Current Financial Condition Is A Horror Show

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I am passing this information along, not a a pessimist but, rather a realist in that history does repeat itself. The Feds have been kicking the can down the road for a long time.

How does this relate to notes?  Capstone Capital USA is a value buyer of real estate assets verses a spectulative buyer. As such we only buy assets with a 35%-40% equity cushion — with a strong Payment history and seasoning on performing notes.  With proper and detailed due diligence, notes are & will be a safe haven.  Safety and security is everything. The following article from the Economic Collapse clearly articulates what is in front of our economy…………………

America’s long-term “balance sheet numbers” just continue to get progressively worse.  Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just fine.  But the stock market was soaring and the GDP numbers looked okay just prior to the great financial crisis of 2008 as well, and we saw how that turned out.  The truth is that GDP is not the best measure for the health of the economy.  Judging the U.S. economy by GDP is basically like measuring the financial health of an individual by how much money he or she spends, and I will attempt to illustrate that in this article.  To read more CLICK HERE.

AUGUST 1st- -NOTE INVESTORS FORUM MEETUP

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The August Note Investors Forum Meeting

will be Wednesday, August 1st 11:30am-1:30pm
La Famiglia Restaurant, SE corner of Dobson & Guadalupe, Mesa

Topic:

Note Due Diligence 201
buying
selling
seller carry
partials
one offs or a pool of assets.

Expect standing room only. The room is maxed out @ 50 attendees.

Buffet lunch served.

Click on the link below to reserve your spot.
$16.83 includes networking, information, food, tax and tip.
$20 at the door.