Consumers Now Point to Mortgage Rates, not Home Prices, as Primary Hindrance to Affordability The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased by 2.4 points in September to 64.5, as elevated mortgage rates further dampened already-pessimistic consumer housing...
The median U.S. asking rent was little changed from a year earlier for the sixth straight month as an increase in the number of rentals made it harder for landlords to boost prices The median U.S. asking rent rose 0.4% year over year to $2,011 in September—the sixth straight month in which rents...
Political unrest/global economic health, office occupancy and valuations, housing shortage and artificial intelligence (AI) among key issues shaping real estate's near future The Counselors of Real Estate®, a global organization of commercial property advisors, released its annual report on...
Challenges remain with high financing costs, limited inventory, and competition from other buyers, but most investors see better times ahead. Real estate investors believe that market conditions have improved and will continue to get better in the coming months according to the Fall 2023...
Severe hail events 18% more frequent in the first half of 2023 than prior three years. Severe hail events in the United States – storms which delivered hail of at least one inch in size within a metropolitan area – increased by almost 18% in the first half of 2023 compared to the average number of...
Although overall U.S. mortgage delinquencies crept up from June to July, they are still near an all-time low of 2.7%. The U.S. foreclosure rate held steady in July for the 17th consecutive month, at 0.3%. The U.S. serious delinquency rate (90 days or more late) was at a 23-year low in July....
Coming Out of Volatility Stronger Than Ever By Carole VanSickle Ellis In February 2022, Acra Lending CEO Keith Lind observed with confidence in an interview for an industry magazine that the previous 18 months had been “lucrative for non-QM lenders” and noted proudly that “a high percentage of the...
Hot Waters & a Hot Market for “America’s First Resort” By Carole VanSickle Ellis In Hot Springs, Arkansas, 47 natural thermal springs send about 1 million gallons of water measuring 143°F flowing through the area before emptying into Lake Hamilton. The city, which is sometimes referred to as...
Funding and Alternative Lending Strategies By Jennifer McGuinness-Lubbert To say that the last 18 months have been “quite a ride”, would be an understatement. The Fed raised the Fed Funds rate target at its fastest pace in history. During the first half of 2022, the central bank raised rates three...
