Originally published on October 10, 2022, by Jaime Dunaway-Seale for Real Estate Witch.
In this monster of a market, buyers are willing to overlook just about anything to own a home, including a few ghosts.
Originally published on October 7, 2022, by Isabelle Novak for Redfin.
Nearly two-thirds (62%) of U.S. residents who plan to buy or sell a home in the next year are hesitant to move to an area at risk of natural disasters, extreme temperatures and/or rising sea levels, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The share is even higher among younger generations, high-earners, Democrats and people living in the Northeast.
Originally published on October 19, 2022, by the Appraisal Institute.
Residential Market Analysis and Highest and Best Use by Mark R. Ratterman, MAI, SRA, explores how appraisers can plan and perform detailed market and highest and best use analyses that lead to credible and supportable value conclusions. The book uses real-world examples to demonstrate productivity analysis, examine supply and demand relationships in residential markets and explore best practices for researching data sources and applying statistical tools.
Originally published on October 10, 2022, by Randy Fuchs for Boxwood Means.
The aggregate market value of small-cap commercial real estate properties increased to a new peak during the third quarter despite an emerging slowdown in sales transactions and asset price growth.
Originally published on October 10, 2022, by Randy Fuchs for Boxwood Means.
The aggregate market value of small-cap commercial real estate properties increased to a new peak during the third quarter despite an emerging slowdown in sales transactions and asset price growth.
Originally published on Ocotber 6, 2022, by Angela Waugaman for Freddie Mac.
Mortgage rates fell slightly during the past week due to ongoing economic uncertainty, Freddie Mac reported Oct. 6 in its Primary Mortgage Market Survey. Rates remain higher than they were a year ago, which is making housing more expensive for potential homebuyers.
Cap rates in the single-tenant net lease sector were up slightly in all sectors during the third quarter, the first time in two years with consecutive quarterly increases, The Boulder Group reported on Oct. 6 in its Q3 2022 Net Lease Market report. Retail reached 5.86%, office hit 6.8% and industrial came in at 6.61%.
The Appraisal Institute on Sept. 23 released its latest episode of the Face Value podcast, “Lender Work for Appraisers: Facts, Myths and Opportunities.” Host Warren Boizot, SRA, AI-RRS, is joined by Michelle Rogers, SRA, and Ken Dicks, MAI, for a conversation on ways in which appraisers and lenders can successfully work together. They share their personal experiences in this area and offer advice and tips from the field.
Originally published on October 5, 2022, by Mortgage Bankers Association.
The Mortgage Bankers Association, in an updated baseline forecast, said total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14 percent from 2021 totals ($891 billion).
Originally published on September 28, 2022, by the National Association of Realtors.
Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted double-digit declines.
Originally published on September 26, 2022, by Catarina Saraiva for Bloomberg.
The shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive up costs and inflation going forward as the shift becomes permanent, according to research from the Federal Reserve Bank of San Francisco.
Originally published on September 26, 2022, by Angela Cherry for Redfin.
Nationwide, roughly 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That’s up from 12.1% a year earlier and is comparable with July’s revised rate of 15.5%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Originally published on September 19, 2022, by Michael Tucker for the Mortgage Bankers Association.
Institutional investors are lowering their real estate return expectations, the Pension Real Estate Association reported.
Originally published on September 22, 2022, by the Consumer Financial Protection Bureau (CFPB).
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for borrowers with smaller loan balances. The agency also seeks public input on ways to support automatic short-term and long-term loss mitigation assistance for homeowners who experience financial disruptions. The CFPB will use this information as it considers steps to support household financial stability and address refinance market gaps. Today’s initiative is part of a broader CFPB effort to promote competition and innovation in consumer finance markets.
Originally published on September 21, 2022 by Matthew Classick for Fannie Mae.
Economic growth is projected to resume in the second half of 2022, but the combination of high inflation, monetary policy tightening, and a slowing housing market is likely to tip the economy into a modest recession in the new year, according to the September 2022 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The ESR Group continues to forecast 0.0 percent real GDP growth on a full-year basis through 2022, but it revised downward its expectations for full-year 2023 growth by one-tenth of a percentage point to negative 0.5 percent. Core inflation remains considerably higher than the Federal Reserve’s stated target; as such, the ESR Group maintained its expectation that the Federal Open Market Committee will raise the federal funds rate by 75 basis points at its September meeting. The ESR Group’s baseline forecast anticipates the federal funds rate topping out at a range of 3.50 to 3.75 percent in early 2023, though it sees significant upside risk to the eventual terminal rate.
Originally published on September 13, 2022 by the National Association of Home Builders (NAHB).
Lot values for single-family detached housing starts in 2021 increased across the nation, with the national value and six out of nine Census division values setting new records. The U.S. median lot price now stands at $55,000, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data.
Originally published on September 15, 2022, by Freddie Mac.
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 6.02 percent.
Originally published on September 14, 2022, by the Government of the District of Columbia, Mayor Muriel Bowser.
Today, Amazon (NASDAQ: AMZN) announced a commitment of $147 million to create and preserve 1,260 affordable housing units in six of Washington, D.C.’s eight wards and in nearby Maryland and Virginia communities—primarily in partnership with minority-led organizations.
Originally published on September 2, 2022, by Matt Day and Spencer Soper for Bloomberg.
Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm.
Originally published on September 9, 2022, by the Mortgage Banker's Association.
The ongoing tug of war between employers and employees about returning to the office will accelerate as pandemic-related impacts fade, according to a new Mortgage Bankers Association white paper.
