DSNews, Apr. 11, 2022–Eric C. PeckDemand for vacation homes and investment properties fell for the second consecutive month in March, according to Redfin.https://dsnews.com/daily-dose/04-11-2022/interest-wanes-investment-properties
Category: Top National News
Amazon’s $2B Housing Push Has Mostly Left Out D.C. Area’s Poorest
Washington Post, Apr. 11, 2022–Teo ArmusMore than 14 months and $750 million into Amazon’s effort to create and preserve thousands of affordable housing units near its second headquarters, help is …
Home Builders Bypassing Individual Home Buyers for Deep-Pocketed Investors
Wall Street Journal, Apr. 11, 2022–Will Parker (subscription)Investors who buy and then rent new homes are fast becoming a favorite customer of the home builder industry. However, investors holding billions …
Rate-Lock Woes Hit Non-QM Lenders
Inside Mortgage Finance, Apr. 11, 2022–Paul MuoloOriginators of non-qualified mortgages looking for a secondary market execution have been whipsawed by rapidly rising rates the past several weeks, so much so …
Publicly Traded REITs Enjoyed a Strong Bounce Back in March
Wealth Management Real Estate, Apr. 11, 2022–David BodamerThe year got off to a rocky start with two straight months of declining total returns, but real estate investment trusts ended the …
Negative Adjustable-Rate Mortgages Are Back
Orange County (Calif.) Register, Apr. 9, 2022–Jeff LazersonPick a payment. Payment option ARMs. Or how about negative adjustable? San Diego-based Axos Bank is introducing a deferred-interest loan, saying its underwriting …
Is the Housing Market Finally Cooling Off?
WCNC (Charlotte, N.C.), Apr. 11, 2022–Ben ThompsonIs the housing market finally cooling off? For nearly two years, homebuyers have been faced with stiff competition and forced to shell out thousands …
U.S. Bank Earnings to Decline in First Quarter
Reuters, Apr. 8, 2022–David HenryBig U.S. banks are expected to show a sharp decline in first quarter earnings from a year ago, when they benefited from exceptionally strong dealmaking and …
A Big Leadership Shakeup at Fannie Mae
HousingWire, Apr. 8, 2022–Georgia KromreiFannie Mae CEO Hugh Frater and Sheila Bair, the chair of its board, both announced they will resign from the mortgage finance behemoth May 1. Antony …
Features That May Keep Your Residents
Multi-Housing News, Apr. 8, 2022–Lew SichelmanApartment builders might want to take a hint from the popular World War I song, “How Ya Gonna Keep ‘em Down on the Farm (After …