Newsfeed: No 2008-Type Crash in Housing Market: Analyst
The housing market is very complicated, with a lot of variables that can affect it. NTD talks to an expert in real estate for his insights.
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Newsfeed: The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1
Nestled in the sprawling desert community of North Las Vegas, the three-bedroom home at 6043 Clovelly St. perfectly embodies what has gone terribly wrong at Opendoor Technologies.
Newsfeed: Home sales fell in March amid volatility in mortgage rates
Sales of previously owned homes declined 2.4% in March compared with February, according to a monthly report from the National Association of Realtors.
Newsfeed: U.S. Foreclosure Activity Continues To Climb In Q1 2023
ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago.
Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades
After February’s surprise surge in Housing Starts and Permits, driven largely by a brief dip in mortgage rates, the housing market’s data was expected to slide significantly in March data released today… and they did. However, while housing starts fell, it was less than expected (-0.5% MoM vs -3.5% exp but Feb’s 9.8% jump was revised down to +7.3%) but Building Permits plunged 8.8% MoM (vs 6.5% MoM drop) and Feb’s data was revised higherto 15.8% (from 13.8% MoM)…
Newsfeed: De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says
The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen.
Newsfeed: Robert Helms on Default Risk for Office Building Mortgages
While the magnitude of losses that banks may suffer is uncertain following the recent banking crisis, commercial mortgage defaults could add to the existing financial stress. NTD spoke to Robert Helms, host of “The Real Estate Guys,” for his analysis.
Newsfeed: Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages
Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.
Newsfeed: US Banks Lost Money On Mortgages For The First Time Since The MBA Began Keeping Records
US banks lost money on mortgages in 2022, according to a report from the Mortgage Bankers Association (MBA), which noted that the average loss was $301 on each loan originated that year, vs. an average profit of $2,339 per loan in 2021.
Newsfeed: Homebuilder sentiment rises in April, as builders grab near-record share of the market
Builder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce.