Distressed inherited home sales could rise, Michael Green notes

Distressed inherited home sales could rise, Michael Green notes
Non-recourse mortgages affect housing market

Michael Green, chief strategist and portfolio manager at Simplify Asset Management, reflects on the impact of nearly 100 years since the reform of non-recourse mortgages.

He suggests that if borrowers could never escape mortgage liability, home prices might be significantly different. Green believes that many inherited homes could be sold in distress under such conditions.

Green has recently commented on the persistent negative sentiment in U.S. government bonds, as covered in a previous article. He has also observed that market moves are primarily driven by changing short-term rate expectations, according to another report. These views frame his ongoing analysis of market structures and investor behavior.

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