Filtered by tag: Residential Remove Filter

The South Boasts Most Affordable Beach Towns, Data Shows

Originally published on August 4, 2022, by Eliza Theiss for Property Shark.

With summer in full swing and scorching temperatures driving city dwellers to try to escape urban heat islands, we analyzed home prices in towns and cities with beaches to see which are the most affordable options for homebuyers looking to move or buy a second home. More precisely, we ranked towns by the local median price per square foot to avoid results being skewed by larger local median home sizes.

Read More

Student Housing Continues to Break Records: Yardi Matrix 

Originally published on July 27, 2022 by Yardi Matrix.

The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi® Matrix.

Read More

Housing Markets to See Minimal Changes as Boomers Age Out of Their Homes: MBA

Originally published on July 20, 2022, by Gary Engelhardt for the Research Institute for Housing America.

Around 4 million existing homes will hit the market over the next decade as older generations age out of their homes, according to the report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them” released in July by the Mortgage Bankers Association. However, the inventory increase is expected to have minimal effect on housing supply and no measurable reduction in home prices.

Read More

Nearly 6.5 Million Homeowners Aided by Fannie, Freddie Since Conservatorship: FHFA

Originally published on June 28, 2022 by Adam Russell for the Federal Housing Finance Agency.

The Federal Housing Finance Agency (FHFA) today released its first quarter 2022 Foreclosure Prevention and Refinance Report​. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 129,779 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,494,057 since the start of conservatorships in September 2008.

Read More

More than 40 Million US Properties at Risk of Weather-related Damage: CoreLogic

Originally published on June 22, 2022 by Robin Wachner for CoreLogic.

IRVINE, Calif., June 22, 2022—CoreLogic®, leading global property information, analytics, and data-enabled solutions provider, today released its 2022 Hurricane Report, which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts.

Read More

‘Little Evidence’ Housing Bubble is About to Burst: Moody’s

Originally published by Lynn Pollack on June 13, 2022, for The GlobeSt.com.

While home prices are responding to higher mortgage rates, there is “little evidence of a housing bubble that is about to burst,” according to a new report from Moody’s Analytics.

Read More

Regulations Comprise 40% of Apartment Development Costs, NAHB Research Reveals

Originally published on June 9, 2022, by Elizabeth Thompson and Stephanie Pagan for NAHB.

Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC).

Read More

Nearly 20% of Home Sellers are Dropping Asking Prices, According to Redfin

Originally published on May 26, 2022, by Kenneth Applewhaite for Redfin.

The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Read More

Wildfire Damage to US Homes Exceeds $5 Billion: Data

Originally published on May 16, 2022, by Diana Olick for CNBC.com.

Raging New Mexico and California wildfires may offer an ominous outlook for America's growing swath, not just in the West.

Read More

Housing Sentiment Falls to Lowest Level in Two Years

Originally published on May 9, 2022, by Matthew Classick for Fannie Mae.

Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise

WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index’s components decreased month over month, with a survey-high 76% of consumers indicating that they believe it’s a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.

Read More

Commercial and Multifamily Borrowing Surges 72% from Last Year: MBA Report

Originally published o May 12, 2022 by the Mortgage Bankers Association.

Commercial and multifamily mortgage loan originations increased by 72 percent in the first quarter from a year ago, the Mortgage Bankers Association reported Thursday.

Read More

Pressures Mount, Causing Housing Market Uncertainty, NAR Economist Yun Reports

Originally published on May 4, 2022, by Quintin Simmons for the National Association of Realtors.

NATIONAL HARBOR, MD (May 4, 2022) – Two years after enduring the devastating financial impacts of COVID-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as National Association of Realtors® Chief Economist Lawrence Yun explained today, there are significant questions regarding the sector's direction over the coming months.

Read More

Student Housing Remains Strong Despite Drop in College Enrollment: Yardi Matrix

Originally published on April 27, 2022 by YardiMatrix.

SANTA BARBARA, Calif., April 27, 2022 – Despite a drop in college enrollment over the last two years, the student housing industry continues to perform well and is exhibiting healthy rent growth and preleasing for Fall 2022.

Read More

New Home Sales Decline Amid Affordability Challenges: NAHB

Originally published on April 26, 2022, Elizabeth Thompson and Stephanie Pagan for NAHB.

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.

Read More

Foreclosure Activity at Post-pandemic High in Q1: Data

Originally published on April 21, 2022 by ATTOM Staff for ATTOM. 

IRVINE, Calif. — April 21, 2022 — ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago.

Read More

Inclusionary Housing Policies Lead to Greater Number of Affordable Homes: Study

Originally published on April 19, 2022 by MBA Newslink Staff for the Mortgage Banker's Association.

A study by a Mortgage Bankers Association-supported member network suggests an optimal mix of incentives and requirements could help policymakers avoid polarizing private sector and community stakeholder groups while working toward the goal of increasing affordable housing production.

Read More

Record Home Price Growth Led by Sun Belt States: CoreLogic

Originally published on April 5, 2022, by Molly Boesel for CoreLogic.com.

Home Price Index Highlights: February 2022

  • National home prices increased 20% year over year in February.
  • Florida’s Gulf Coast logged the highest annual increases in February.

Overall HPI Growth

Read More

Mortgage Rates Increase at Fastest Rate Since 1994, Freddie Mac Reports

Originally published on April 7, 2022, by Chad Wandler for Freddic Mac.

MCLEAN, Va., April 07, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.72 percent.

Read More

Single-tenant Net Lease Cap Rates at Historic Lows: Data

Originally published on April 13, 2022 by John Feeney for the Boulder Group.

Cap rates in the single-tenant net lease sector reached historic lows in all three asset classes during the first quarter, The Boulder Group reported April 7 in its Q1 2022 Net Lease Market Report. Cap rates compressed for the retail, office and industrial categories by 13, 10 and 17 basis points, respectively.

Read More

Mortgage Demand Plummets as Rates, Prices Surge, Supply Hits Record Low: MBA

Originally published on March 30, 2022, by Diana Olick for the Mortgage Banker's Association and CNBC.

Total mortgage application volume decreased 6.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This, as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 4.80% from 4.50%.

Read More