Highest Inflation in Decades, But Housing Has a Bigger Problem
Posted To: Mortgage Rate Watch Inflation is bad for interest rates and it’s at the highest levels in decades. But the housing market has a far bigger problem. Actually, it’s not hard for a problem to become bigger than rates right now considering we’re still at levels that would have been record lows at any […]
Non-Government Loans See Jump in Forbearances; Huge Inflation, But Here’s Housing’s Bigger Problem
The forbearance numbers increased again over the past week although Black Knight, in its weekly report, said these mid- to late-month upticks are becoming common . The number of mortgages in active plans rose by 16,000 or 0.73 percent. The number of Fannie Mae and Freddie Mac loans in forbearance declined by 1,000 but that […]
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market as an indication that the central bank should start tapering….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Freddie Mac Business Activity Slowed in April
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.2 percent in April compared to a 27.2 percent gain in March. The portfolio balance at the end of the period was $ 2.785 trillion compared to $ 2.927 trillion the prior month and $ 2.434 trillion a year […]
Looking for Affordable Housing? UI Says Look to Homeownership
A recent policy brief from the Urban Institute (UI) suggests a radical but common-sense solution for achieving affordable housing – homeownership. UI analyst Mike Loftin says there is no shortage of other policy proposals to address the housing problem – more federal investment in building public housing, subsidies to builders of affordable apartments, dramatic increases […]
Existing Home Sales Post Third Monthly Loss in April
Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate has […]
NAR’s Cororaton Named a “Woman of Influence” by National Commercial Real Estate Outlet
NAR’s Cororaton Named a “Woman of Influence” Gay Cororaton was commended for her expertise in and significant contributions to the commercial real estate sector in GlobeSt.com’s 2021… Media Contact: Wesley Shaw 202-383-1193
Homebuilding Dragged Down by Supply Problems; Rates Are Flat And Calm
Housing starts fell back from the annual rate of 1,733,000 units reported for March. Residential starts in April were down 9.5 percent to a seasonally adjusted annual rate of 1,569,000 units. This was also a slight rollback for the March estimate, which was originally reported at 1,739,000 million units. At that level, they were the […]
More Than 1 Million Loans in Forbearance Scheduled to Expire in June; Builder Confidence Stays Steady
The number of loans in active forbearance plans dropped by 2.7 percent last week. Black Knight says this continues a recent trend of strong improvements in the forbearance numbers in the early part of each month. The 61,000 loans that exited the program during the week ended May 11 leaves 2.16 million loans still in […]
Homebuilder Comments in Mid-May: “Reducing Sales, Limiting Sales”
Some twitter comments from Rick Palacios Jr. , Director of Research at John Burns Real Estate Consulting Here’s May mid-month home builder channel check I hinted at earlier. Builders are pushing prices w/little pushback, though some starting. Some builders are using price escalators & highest/best offer. Many limiting pre-sales, shifting to spec, & pricing home […]