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Results: 124 Articles found.
Aug 31, 2022 08:30 AM

Economic Concerns, Housing Shortage Stressing Low-income Households: ULI

Economic uncertainty, increasing inflation and lower housing production are putting millions in the U.S. at risk of not being able to afford a home, the Urban Land Institute’s Terwilliger Center for Housing reported Aug. 17 in its 2022 Home Attainability Index. The data also revealed that in most regions of the country, few housing units are affordable to low-wage workers.

Aug 31, 2022 08:30 AM

Housing Activity to Drop Through 2023: Fannie Mae

Home sales are expected to decline 16.2% this year, and mortgage originations are projected to total $2.47 trillion for 2022 — down from $4.47 trillion last year — and then drop to $2.29 trillion in 2023, Fannie Mae’s Economic and Strategic Research Group reported Aug. 22. The downgraded forecast is based on both outsized home prices and rapidly expanding mortgage rates.

Aug 31, 2022 08:30 AM

FHFA to Create Committee on Affordable, Equitable Housing

The Federal Housing Finance Agency announced Aug. 23 its intent to create a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing that will provide advice on regulatory and policy changes. The committee also will provide input on barriers to access to housing.

Aug 24, 2022 08:30 AM

Cap Rates Equalizing Nationwide: Moody’s Analytics

Cap rates in major U.S. markets are becoming increasingly similar, even in cities such as New York and San Francisco, which usually trail other major metros, according to Moody’s Analytics, reported Aug. 16. The average cap rate spread for Dallas; Atlanta; Austin, Texas; Nashville, Tennessee; and Miami have narrowed to less than 100 basis points.

Aug 24, 2022 08:30 AM

Both Sales, Prices of Existing Homes Drop in July: NAR

Sales of existing homes fell for the sixth consecutive month in July, down 5.9% from June and 20.2% from the same point a year ago, the National Association of Realtors reported Aug. 18. Median sales prices were 5.9% higher than one year ago, but $10,000 lower than the record high of $413,800 in June. ​

Aug 24, 2022 08:30 AM

Industrial Sector Slowing to Pre-pandemic Levels: NAIOP

The industrial sector is showing signs of cooling due to such factors as lower pressure on global supply chains, increasing inventory carrying costs, a cooling economy and a decrease in e-commerce expansion, NAIOP reported Aug. 16 in its newest Industrial Space Demand Forecast. Net absorption of industrial space is expected to decline until it returns to pre-pandemic levels.

Aug 17, 2022 08:30 AM

Stagflation Could Cause Lower CRE Valuations, Elevated Cap Rates: Fitch Ratings

Stagflation likely will result in reduced valuations for commercial real estate and increased cap rates, according to analysts from Fitch Ratings, reported Aug. 11. High inflation, weak economic growth and changes to nominal net operating income were cited as the main drivers.

Aug 17, 2022 08:30 AM

FHFA to Require GSE Servicers to Keep Fair Lending Data

The Federal Housing Finance Agency will require servicers to maintain data on borrowers’ age, race, ethnicity, gender and preferred language for all federally backed loans starting March 1, 2023, HousingWire reported Aug. 11. The mandate will remain in effect throughout the life of the loan, even if the servicing rights change companies.

Aug 17, 2022 08:30 AM

Appraisal Foundation Extends 2020-21 USPAP Through 2023

The Appraisal Foundation’s Appraisal Standards Board announced Aug. 11 that the current edition of the Uniform Standards of Professional Appraisal Practice will be extended for an additional year. The 2020-2021 USPAP will now be effective until Dec. 31, 2023.

Aug 03, 2022 08:30 AM

Economy is Slowing, Housing Starts and Home Sales Both Decline, Data Reveals

The Conference Board Leading Economic Index, which assesses the 3-6-month economic outlook, dropped 0.8% in June, the fourth consecutive monthly decline, Fannie Mae reported July 22. Existing home sales were down 5.4% in June, the lowest point in two years, and housing starts dropped 2% to the lowest level since last October. Consumer pessimism, labor conditions and stock prices drove the decline. ​

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