HousingWireHousingWire More than four in 10 distressed properties purchased at auction are in underserved neighborhoods with low incomes or high minority populations, neighborhoods that often have been overlooked and left behind. “Those areas that I’m now developing I grew up in. And I remember being in those areas without hot…
Continue reading →HousingWireHousingWire Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.” CFA has long maintained that coupled…
Continue reading →HousingWireHousingWire Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. This has happened six times this year and even though that would be an…
Continue reading →HousingWireHousingWire Vice President Kamala Harris, the Democratic nominee for the 2024 presidential election, included initiatives to deal with surging housing costs in her economic plan announced Friday. She promised, if elected, to reduce “red tape” to build homes and provide tax incentives for first-time homebuyers. “There’s a serious housing shortage;…
Continue reading →HousingWireHousingWire When mortgage rates logged their sharpest decline of the year last week following an underwhelming jobs report, data showed that refinance demand surged. Despite what seems like welcome news for loan originators, who have suffered through thinning margins for two years, refinance business has yet to go up much,…
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