Second Half Of 2019 In Review
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
First Half Of 2019 In Review
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
The Supporting Vertebrae In The Housing Market Backbone
A report from Mother Jones on California. "By the time Dominique Walker started squatting in an Oakland home with her five-year-old daughter and one-year-old son, she’d exhausted all other options. Walker, who had fled domestic violence in Mississippi, knew it…
Walking Away From Obligations That Didn’t Make Economic Sense
A report from the Norman Transcript in Oklahoma. "The developer that partnered with the University of Oklahoma to construct Cross Village is suing the university for more than $750 million, alleging that OU misled Cross investors and breached its contract.…
The Rock Stars Of The Real Estate Recovery And The Emerging Third Wave Of Distress
A report from DS News. "Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232 residential properties nationwide were referred to Auction.com in Q3 2019 for a…
There’s A Lot Of Evidence That We’re Near The Top
A report from the Wall Street Journal. "Fannie Mae and Freddie Mac are pulling back on some mortgages meant to make homeownership more affordable, their latest effort to rein in risk at the behest of their regulator. The two companies…
The Extent To Which Values Have Fallen Is Yet To Be Determined As It Is Too Early To Know
A report from Market Watch. "Fannie Mae and Freddie Mac may stop offering certain mortgages as they prepare to privatize, but borrowers won’t be left behind, the companies’ chief regulator said. 'Fannie and Freddie must not repeat the mistakes of…
They Don’t Want To Get Stuck In Something They Paid Too Much For
A report from the Wall Street Journal. "The housing market sputtered in September as a lack of homes for sale and high prices disrupted what was shaping up as a rebound in the second half of the year. 'You can…
Most People In Commercial Real Estate Tend To Think It’s Going To Last Forever
A report from Multi-Housing News. "Rezoning or 'upzoning' of entire neighborhoods is undertaken to, on the one hand, increase the density of housing and, on the other, provide cheaper rental units. Neighborhoods that were occupied strictly by single-family homes and…
We Are The Ones Holding The Bag After Everybody Else In The Process Has Made Money And Walked Away
A report from Politico. "The U.S. housing finance system is worse off today than it was on the cusp of the 2008 financial crisis, Republican lawmakers and Trump administration officials warned on Tuesday. Fannie Mae and Freddie Mac, the two…