Tuesday, May 1, 2018

Inventory at Historic Lows, Majority of Homes for Sale are at the High End

There are almost 9 percent fewer homes on the market than a year ago, and the majority of them are ones first-time buyers can't afford

from
http://zillow.mediaroom.com/2018-04-26-Inventory-at-Historic-Lows-Majority-of-Homes-for-Sale-are-at-the-High-End

Amazon Effect: HQ2 Would Spur the Biggest Rent Hikes in Nashville and Denver

If Amazon builds its second headquarters in Nashville, rents would rise an additional 2.4 percentage points each year, according to a new Zillow analysis

from
http://zillow.mediaroom.com/2018-04-26-Amazon-Effect-HQ2-Would-Spur-the-Biggest-Rent-Hikes-in-Nashville-and-Denver

Homes in Formerly Redlined Areas Trailing in Value

The typical home in an area given a "hazardous" rating in the 1930s is worth 85 percent of the median value of surrounding homes today

from
http://zillow.mediaroom.com/2018-04-25-Homes-in-Formerly-Redlined-Areas-Trailing-in-Value

Mnuchin Focused on "Fixing" Fannie and Freddie; Residential Sector Drags Down Construction Numbers; Rates Sideways at Best

Treasury Secretary Steven Mnuchin told Fox Business News on Monday, that changing the current status of Freddie Mac and Fannie Mae is something that he is "very focused on." In an interview with commentator Maria Bartiromo, the Secretary said he doubts anything will get done in this Congress, but he is determined to have a fix for the government sponsored enterprises (GSEs) and that " we don't leave them in conservatorship for the rest of time." Bartiromo asked what he meant by "a fix"? "Do you mean they will be publicly held again?" Mnuchin said he would not comment on what form the "fix" might take, "but having a government guarantee on a 30-year mortgage is important for liquidity in the market. " There are, he said various solutions and whatever is done will need to be done on a bi-partisan

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/5/1/3343