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 […]
The First 100 Days in Housing
Real estate has been a priority in President Joe Biden’s early agenda. Find out what he’s achieved for the industry by the first major milestone of his administration. www.nar.realtor – Fair Housing
Rates Remain Resilient After Inflation Scare
The 70’s and 80’s brought unforgettable economic lessons about inflation. Since then, certain market participants have been watching inflation like hawks , even when they didn’t need to. After the start of the pandemic, the massive amount of fiscal stimulus (covid relief bill) and monetary accommodation from the Fed (bond buying and rate cuts) had […]
Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC….(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
Economic Experts Predict Bright Path for Commercial Real Estate in 2021
Economic Experts Predict a Bright 2021 for Commercial Economic expansion and the jobs recovery will lead to rises in occupancy across all commercial real estate property types. Media Contact: Quintin Simmons 202-383-1178
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 […]