In this edition of the MBA NewsLink Housing Market Roundup, we look at the latest FHFA Strategic Plan; how consumers are altering their home buying and home selling plans during the coronavirus pandemic; why housing affordability might be at a “tipping point;” how the coronavirus is driving down inventories; and how political preferences are having an effect on where people choose to live–or even stay in America.
Tag: Mark Fleming
Signs Point Toward Continued House Price Appreciation
Ahead of this morning’s S&P CoreLogic Case-Shiller Home Price Indexes, a report from First American Financial Corp., Santa Ana, Calif., said low mortgage rates, tight supply and demographic demand will continue to drive home price appreciation well into autumn.
Lack of Supply Hinders Housing Market’s Full Potential
Despite the housing market’s show of strength this summer amid economic turmoil sparked by the coronavirus pandemic, it has yet to reach its full potential because of ongoing supply restraints, said First American Financial Corp., Santa Ana, Calif.
First American: House Price Appreciation Likely to Accelerate Through Summer
First American Financial Corp., Santa Ana, Calif., said its Real House Price Index shows the supply and demand imbalance that existed entering the coronavirus pandemic has persisted, and even worsened, meaning house price growth will likely remain strong this summer.
Millennial Homeownership ‘Delayed, Not Denied’
Despite the economic effects of the coronavirus pandemic, millennials appear poised to fuel a “Roaring ’20s” of homeownership demand, said First American Financial Corp., Santa Ana, Calif.
First American: House Price Appreciation at ‘Tipping Point?’
First American Financial Corp., Santa Ana, Calif., said its Real House Price Index showed home prices decreased by 1.6 percent from January to February and by 5.8 percent from a year ago.
First Wave of Employment Losses Smack March Jobs Report
Was it just last month that the nation’s unemployment rate matched a 50-year low? Yes, it was. But that was a lifetime ago in the Age of the Coronavirus.
First American: Fraud Risk Continues to Drop
Today’s housing market benefits from new technology and policy guardrails against fraud and defect risk, innovations that will serve the industry well in the uncertain days ahead, said Mark Fleming, Chief Economist with First American Financial Corp. Santa Ana, Calif.
S&P: Home Price Growth Stable in Early 2020
S&P Dow Jones Indices, New York, said home prices continue to increase at a modest rate across the U.S. to start the first quarter.
Mortgage Fraud Risk Falls to New Low
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 3.0 percent from December to the lowest level since the company began tracking such data in 2011.