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Results: 12 Articles found.

Jun 26, 2019

AI President Urges Congress to Pass Key Legislation

Appraisal Institute President Stephen S. Wagner, MAI, SRA, AI-GRS, recommended at the House Financial Services Committee’s Housing, Community Development and Insurance Subcommittee’s June 20 hearing on Capitol Hill that Congress pass HR 2852, which would allow licensed appraisers to perform appraisals for Federal Housing Administration loans.


Jun 26, 2019

Economic Growth to Slow, Housing to Improve: Fannie Mae

Projections released June 17 by Fannie Mae’s Economic and Strategic Research Group showed full-year 2019 and 2020 economic growth is expected to drop by 2.1% and 1.5.%, respectively. However, housing is expected to provide an economic cushion if interest rates remain low and stable. Housing also is expected to benefit from continued interest from entry-level buyers.

Jun 26, 2019

OCC Rescinds Guidance for Banks on High LTV Loans, Issues ‘Core Lending Principles’

The Office of the Comptroller of the Currency, citing bank efforts to meet credit needs in distressed areas, rescinded 2017 guidance for institutions seeking to offer loans with loan-to-value ratios above 90%, ABA Banking Journal reported June 19. In its place, OCC issued “Core Lending Principles” to provide greater flexibility to banks.

Jun 26, 2019

Investors Potentially Cooling to Hot Industrial Property Sector, Deloitte Reports

Industrial properties are among the most desirable assets for real estate investors, but interest in the sector may be cooling, according to consulting firm Deloitte, National Real Estate Investor reported June 18. Issues include the cost of securing capital and competition from both new supply and alternative properties that offer on-demand warehouse space.


Jun 26, 2019

Retail Within Student Housing Project Hit or Miss: Experts

Ground-level retail can be a drag on a student housing projects, but many local municipalities require it even when locations can’t support it, according to student housing developers, National Real Estate Investor reported June 17. They say successful retail within student housing depends on locating projects close to, but not on, campus so they’re convenient to non-student customers.

Jun 26, 2019

Google Commits $1 Billion to Aid Housing Shortage Near Silicon Valley Headquarters

Technology giant Google announced June 18 that it will set aside $750 million in land and $250 million in financing to encourage area developers to build at least 20,000 homes during the next decade, Reuters reported. Google has 45,000 employees, and has been the target of activists who blame the company for escalating rents and housing shortages.

Jun 26, 2019

Jacksonville, North Carolina, Named Most Affordable Market for Beach Homes: Report

Jacksonville, North Carolina, is the most affordable market in which to buy a beach house, MarketWatch reported June 17. Affordability is based on median prices for homes for sale between May 2018 and April 2019. Aberdeen, Washington, and Atlantic City, New Jersey, rounded out the top three spots on the list.


Jun 26, 2019

Sales of Existing Homes Increase 2.5% in May: NAR

Sales of existing homes rebounded in May, up 2.5% from April to a seasonally adjusted annual rate of 5.34 million, the National Association of Realtors reported June 21. The total number of sales, however, is down 1.1% from the same point last year.

Jun 26, 2019

Fitch Data Shows Home Price Growth at 7-Year Low; No Further Slowdown Expected

Annual home price growth during the first quarter slowed to 3% — a seven-year low, according to ratings agency Fitch, HousingWire reported June 14. The agency described the pace as moving “from a gallop to a trot,” but noted that it expects growth to hold steady rather than continue to slow.

Jun 26, 2019

Mortgage Rates Stabilize After Weeks of Decline; Homebuying Still Strong: Freddie Mac

Mortgage rates during the past week stabilized after declining for several weeks, Freddie Mac reported June 20 in its Primary Mortgage Market Survey. Freddie noted that homebuyer demand remains strong, as evidenced by increased purchase activity and loan amounts.

Results: 12 Articles found.


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