Build-for-rent homes make up a larger share of investor buys
The share of existing properties acquired by single-family rental providers has fallen by 24 percentage points since 2019, while surging BFR numbers made up much of the difference.
Housing markets
Atlanta homes have become unaffordable, Fed data show
While the median income rose 1% over the last year, the median price of a home rose a staggering 25%, according to the the Federal Reserve Bank of Atlanta.
U.S. existing-home sales unexpectedly climb to a one-year high
Sales of previously owned homes unexpectedly increased to a one-year high as buyers rushed in ahead of a surge in mortgage rates, further depleting tight inventories to a record low.
Senators spar over who is to blame for the pricey housing market
Democrats cited the increasing share of home purchases by Wall Street firms while Republicans pointed to rising conforming loan limits and other measures by Fannie Mae and Freddie Mac during the Senate Banking, Housing and Urban Affairs committee hearing.
Fewer call it a good time to buy as prices jump 30% in two years
Compounding factors of low inventory and high costs also helped lead to another decline in Fannie Mae’s Home Purchase Sentiment Index.
U.S. new-home sales surge past estimates, reach 9-month high
An increase in the number of completed homes over the last two months and prospects of higher interest rates this year as the Federal Reserve tightens monetary policy may have encouraged a pickup in contract signings.
Growth in U.S. home prices cooled off a tiny bit in November
A measure of home prices in 20 U.S. cities jumped 18.3%, down from 18.5% in October, the S&P CoreLogic Case-Shiller index showed Tuesday. It marked the fourth straight month that home-price appreciation has cooled off ever so slightly.
Promise Homes secures $200M to expand single-family rental portfolio
The debt facility from Barings is likely the largest to a Black-owned investor in the market.
Higher construction costs force new home buyers to seek larger loans
December's average balance for a mortgage to purchase a newly constructed property set an all-time high, the Mortgage Bankers Association's Builder Application Survey found.
Do U.S. housing overvaluation risks suggest a bubble? The Fed weighs in
The Reserve Bank of Dallas data in housing prices hints at a so-called ‘episode of exuberance,’ but the central bank is a long way from sounding the alarm.
By
Amilda Dymi
Fannie Mae boosts 2021, 2022 forecasts due to strong year-end activity
Recent existing home sales have been stronger than expected, but next year could see a market held back by the inventory shortage and higher rates.
Canada pension makes foray into U.S. single-family homes
Canada’s national pension fund struck its first partnership to build and rent out single-family homes in the U.S., joining a rush to capitalize on a housing shortage.
Biden eyes tighter rules for shell-company real estate purchases
The U.S. Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut down on global corruption, according to two senior administration officials.
Home price growth headed for gradual correction
Similarities between the current rate of appreciation and what took place between 2004 and 2006 are mitigated by changes in the housing market.
Mortgage insurer group backs bipartisan bill preserving tax deduction
Besides making the deduction permanent, the bill doubles the income threshold for those eligible to claim it.
Conforming loan limit rises to nearly $1 million in some areas
Acting Federal Housing Finance Agency Director Sandra Thompson and the Housing Policy Council say the new amounts are not good for affordable housing.
Could the omicron variant cause mortgage rates to plunge again?
Though unlikely to derail a hot housing market, another surge in COVID-19 cases could cloud the outlook for economic growth, analysts said.
Mortgage payment amount increases outpaced rent hikes in October
However, the median monthly expense associated with financing is still lower than that for a lease.
Home price growth taps the brakes in October
But in November, home buyer demand reached its highest level since RedFin began compiling the data in 2017.
Mortgage bankers to end weekly forbearance survey as numbers drop
The number of plans is less than one-fourth of what it was at its pandemic peak, and many are expiring, so the group will replace the weekly measure with a monthly one.
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