Instant Reaction: Second 2020 Q4 GDP Growth Estimates Show Residential Investment Leading the Economic Recovery
Today’s second GDP estimate for the 2020 Q4 shows the economy grew slightly higher at 4.1% than previously estimated (4% advance estimate). www.nar.realtor – Research
December Home Price Gains Highest Since 2014; Glimmer of Hope in Bonds, But it Might be a Trap
Both the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices. The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, showed a year-over-year gain of 10.4 percent in December while FHFA […]
February Easily The Worst Month For Rates in Long Time
Posted To: Mortgage Rate Watch There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgage rates come back down. But traders and market-watchers alike have pined for–if not outright expected–such a recovery several times in the […]
Existing Sales Rise, But Inventory is a Drag; Rates Surging, How Bad Could it Get?
There’s no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We’ve never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into a false […]
NAR Commends White House Extension of Forbearance and Foreclosure Protections
White House Extends Forbearance, Foreclosure Protection NAR supports the Biden administration’s efforts to protect housing for millions of vulnerable Americans as the COVID-19 pandemic continues. Media Contact: Wesley Shaw 202-383-1193 Short Sales & Foreclosures, Coronavirus
NAR Supports HUD Secretary Designee
NAR submitted a letter to the Senate Banking Committee supporting the nomination of Representative Marcia Fudge to be the Secretary of the Department of Housing and Urban Development. www.nar.realtor – Fair Housing
All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020
Placeholder Eighty-eight percent of the metros followed (161 areas) saw double-digit price increases. Media Contact: Quintin Simmons 202-383-1178
MBS RECAP: Snowball Selling in Bonds After Mid-Week Rally Fizzles
Posted To: MBS Commentary Snowball Selling in Bonds After Mid-Week Rally Fizzles We were looking for a friendly correction in bonds this week and it arrived on Tuesday and Wednesday. Those sorts of corrections run the risk of being 2-day affairs and that is unfortunately shaping up to be the case this time around (a […]
Weekly Retail Update: February 12, 2021
Unfortunately for malls, especially class C and D traditionally enclosed shopping centers for which account for majority of all U.S. malls, there are substantial retail space vacancies. www.nar.realtor – Research
NAR Applauds HUD for Protecting LGBTQ Civil Rights
NAR Applauds HUD for Protecting LGBTQ Civil Rights NAR applauded HUD’s announcement that it will enforce the Fair Housing Act to prohibit discrimination based on sexual orientation and gender… Media Contact: Patrick Newton 202-383-1290 Fair Housing Act