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…
What Was Clearly Not The Expectation That People Had, That’s Maybe Part Of What Happened In The End
A report from Wharton. "For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy…
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…
Supply Outstrips Demand And Sellers Have Yet To Acknowledge That Fact
A report from the Reno Gazette Journal in Nevada. "Although turning over houses at a profit was a popular strategy during Reno-Sparks’ housing rebound, flipping activity has cooled as home prices reached record highs. Since peaking at $420,500 in May,…
If You Want To Crash A Real Estate Market, Feeding Debt Is Exactly The Way To Make It Happen
A weekend topic starting with NPR. "This week's Democratic presidential debate touched on a topic that usually doesn't get much attention in these forums. ELIZABETH WARREN: Our housing problem in America is a problem on the supply side. And that…
Why Are First-Time Home Buyers Struggling To Make Mortgage Payments?
A report from the Mortgage Reports. "A new study indicates that first-time home buyers are having more mortgage delinquency problems than they have since 2010. Black Knight’s most recent Mortgage Monitor report had some alarming findings: Nearly 1% of mortgage…
A Lot Of These Risky, Expensive Mortgages Are Being Issued To Debt-Strapped Borrowers With Very Little Financial Wiggle Room
A report from Westword on Colorado. "Over the past year or so, there's been debate aplenty about whether Denver's real estate market has finally started to cool off after being red-hot for the past few years. Megan Aller, a sales…