Real estate investor sentiment fell for the second consecutive quarter, hitting a record low index score of 84 in the latest RCN Capital/CJ Patrick Company Investor Sentiment Index.
Tag: Rick Sharga
People in the News Mar. 9, 2023: MBA Names Owen Lee 2023-2024 MORPAC Chair
The Mortgage Bankers Association appointed Owen Lee, CEO of Success Mortgage Partners Inc., Plymouth, Mich., chairman of MORPAC, its political action committee, for the 2023-2024 election cycle.
Higher Rates Make Renting More Affordable that Homeownership
ATTOM, Irvine, Calif., said higher mortgage interest rates tipped the needle toward renting over homeownership.
2022 Foreclosures Double; Remain Below Pre-Pandemic Levels
ATTOM, Irvine, Calif., said 2022 foreclosure filings more than doubled from 2021 but remained well below pre-pandemic rates.
ATTOM: Home Affordability Worsens in 4Q Despite Falling Home Prices
ATTOM, Irvine, Calif., released its fourth-quarter U.S. Home Affordability Report showing median-priced single-family homes and condos are less affordable compared to historical averages in 99 percent of counties across the nation — far above the 68 percent of counties that were less affordable a year ago.
3Q Home Flipping Declines Across U.S.; Investor Profits at 13-Year Low
ATTOM, Irvine, Calif., said third quarter home flipping activity fell from the second quarter, and investor profits fell to their lowest level since 2009.
ATTOM: Foreclosure Completions Up 64%
ATTOM, Irvine, Calif., reported 30,677 U.S. properties with foreclosure filings in October, up 57 percent from a year ago, but down 5 percent from October.
3Q Mortgage Lending Falls to 3-Year Low
Mortgage lending fell by another 19 percent in the third quarter—the sixth straight quarterly drop—to its lowest level in three years, reported ATTOM, Irvine, Calif.
ATTOM: Mixed Results on 3Q Opportunity Zone Growth
ATTOM, Irvine, Calif., said its analysis of low-income Opportunity Zone redevelopment found median single-family and condo prices slowed in the third quarter but continued to outpace the overall national housing market—although home values continued to lag.
Housing Market Roundup, Nov. 3, 2022: Homeowner Equity Keeps Rising; 98% of Metros See Decline in Home Prices
Here’s a quick summary of recent housing market articles that have come across the MBA NewsLink desk: