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Seriously underwater homes made up 9.6 percent of all U.S. mortgages at the end of 2016, down from 10.8 percent at the end of the third quarter and down from 11.5 percent at the end of 2015, analytics firm Attom Data Solutions reported Feb. 9 in its Year-End 2016 U.S. Home Equity & Underwater Report.
Consumers felt more confident about the housing market in January, ending five months of declining confidence, Fannie Mae reported Feb. 7 in its Home Purchase Sentiment Index. The report noted that survey respondents anticipate rising home prices and household income.
Atlanta; Seattle; and Orlando, Florida, are the best markets for investors looking for single-family rental homes, according to a report from real estate investment management firm Home Union, CNBC reported Feb. 8. Those cities are tops based on job opportunities and population growth.
Demand for student housing remains strong, but a shortage of good building sites and difficulty securing financing has prevented developers from adding enough beds to meet demand, according to analytics firm Axiometrics, National Real Estate Investor reported Feb. 6. New completions are expected to be down year-over-year.
Banks continue to tighten credit for commercial real estate loans, the Federal Reserve reported Feb. 6 in its Senior Loan Officer Survey. More than 33 percent of respondents said that, during the past three months, they tightened credit for multifamily loans, and 25 percent said they tightened on construction and land development loans.
Boston; Austin, Texas; and California’s Silicon Valley are among the world’s 10 most dynamic commercial real estate markets, according to a report from real estate services firm JLL, Multi-Housing News reported Feb. 8. The most dynamic CRE market: Bangalore, India.
Real estate executives said they plan to expand investments in the U.S. this year and anticipate continued growth beyond 2017, according to a study from financial advisory firm KPMG, MBA NewsLink reported Feb. 9. Fifty-two percent of executives said improving real estate fundamentals was their firm’s biggest driver of revenue growth.
Federal Reserve officials said the central bank may begin to reduce its mortgage-backed securities holdings, which total $1.75 trillion and were amassed as part of a quantitative easing program during the financial crisis, Bloomberg reported Feb. 5. However, some worry that the drawdown could harm the U.S. housing market.
The Appraisal Institute announced Feb. 15 that it is accepting nominations for the Lifetime Achievement Award and the Outstanding Service Award, two ways AI recognizes some of its brightest, most committed and deserving professionals.
The Appraisal Institute opened registration Feb. 14 for its 2017 Leadership Development and Advisory Council conference, which will take place in Washington, D.C, May 3-5 at the Hyatt Regency Washington on Capitol Hill.
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