Federal Open Market Committee

Real Estate riches

Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation?

Today’s News Synopsis: What is the best way to get real estate riches? Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation?  Home buyer and seller sentiment increased despite existing-home sales showing a decline.  Black Knight Financial Services Home Price Index shows prices increased 0.3% in July and 6.2% month-over-month. In The News: National Association of …

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Both Fannie Mae and Freddie Mac Released Their New Flex Modification Foreclosure Prevention Programs

Today’s News Synopsis: Both Fannie Mae and Freddie Mac released their new Flex Modification Foreclosure Prevention Programs, which will reduce the monthly payments they make on their mortgages.  In their last meeting of the year, the Federal Open Market Committee voted to raise interest rates to between 0.50 and 0.75%.  The Mortgage Bankers Association reported …

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Fannie Mae Introducing New Loan for Homeowners Saving Energy

Today’s News Synopsis: A lot more real estate investors are starting to look elsewhere outside the United States, including Europe, for good deals on investing.  A new survey by the NAR shows a big impact on homeownership is millennials choosing to put off owning a home and taking care of student debt first.  Fannie Mae …

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Increase in Interest Rates Frozen by the FOMC

Today’s News Synopsis:   Increases in interest rates were frozen once again by the Federal Open Market Committee.  The Mortgage Bankers Association released their first survey of 2016 for Commercial/Multifamily Originations, showing them to be 38% lower this quarter than the previous quarter of 2015.  Pending home sales increased 1.5% to 110.5 last month, putting them …

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California in Housing Crisis Due to Lack of Inventory According to Christopher Thornberg

Sources: Mortgage rates hit 3-year low Applications for New Home Purchases Increased in March Commercial, multifamily lending hits near-record level Mortgage Credit Availability Tightens Up Mortgage Credit Access Reverses Course Morning Briefing: Wells Fargo to pay $1.2 billion for hiding bad loans Big bank settlement for loan origination is largest in FHA history Goldman Sachs …

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NAR Reported 18.5% Decrease in Vacation Homes Bought Last Year

Today’s News Synopsis: The Federal Open Market Committee said an increase in the federal funds rate will not happen this month as originally planned.  The National Association of Realtors released new data showing an 18.5% decrease in the number of vacation homes bought last year.  Consumer confidence is at its lowest in 18 months at …

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Baltimore Plans to Demolish 4,000 Vacant Homes as Way to Improve the Country

Today’s News Synopsis: In a big story, Baltimore is the latest in the cities planning to demolish several vacant buildings, in their case 4,000, in an attempt to improve the country.  Mortgage applications increased 21.3% from last week in the latest MBA survey.  Despite improvements in many areas, there is still one Achilles heal for …

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Commercial Real Estate Market Expected to Continue to See a Boom

Today’s News Synopsis:   Following the Fed’s announcement yesterday that they have raised interest rates, Freddie Mac still says rates will be at their record lows next year.  Speaking of Freddie Mac, new guidelines for both them and Fannie Mae were released by the FHFA today.  The commercial real estate market has been experiencing a …

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