Does DIY Apply to Buying a House? Young People Might Think So

One of the side effects of digital communication is it can make people slow to get out from behind their screens to talk to someone face-to-face. Maybe you’ve noticed it with people you know, particularly young people who’ve grown up with technology. Research conducted for NAR last year found that young people experience a high […]...(read more)

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Japan Sells 10-Year Bonds at Negative Yield For the First Time

Bloomberg Japan Sells 10-Year Bonds at Negative Yield For the First Time Bloomberg The Japanese government got paid to borrow money for a decade for the first time, selling 2.2 trillion yen ($20 billion) of the debt at an average yield of minus 0.024 percent on Tuesday. The sale drew bids for 3.2 times the amount of the securities ... and more »...(read more)

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Wells Fargo LIFT programs create 11,000 homeowners

More than 11,000 families and individuals across 40 communities own their home today as a result of participating in Wells Fargo LIFT programs, a collaboration by Wells Fargo & Company  and NeighborWorks America®....(read more)

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Fannie Mae: Mortgage Serious Delinquency rate unchanged in January

Fannie Mae reported today that the Single-Family Serious Delinquency rate was unchanged in January at 1.55%. The serious delinquency rate is down from 1.86% in January 2015. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Note: These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Note: Freddie Mac reported last week that their Single-Family serious delinquency rate declined in January to 1.33%, up from 1.32% in December. Click on graph for larger image The Fannie Mae serious delinquency rate has only fallen 0.31 percentage......(read more)

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Which Markets are Best For Building Apartments This Year?

Sponsor webinar Analyst Rick Wilson of Axiometrics will be giving his take on good places to build apartments in a webinar on Thursday, March 24, at 2 p.m., Eastern Time. Wilson will also be sharing his thoughts on markets that will be attracting jobs and younger households, whether apartments should be built in the suburbs […]...(read more)

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Fed rate U-turn? Don't bet on it

Will the Fed reverse course soon and start cutting rates again? Not likely, according to an Oxford Economics analysis....(read more)

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Freddie Mac February 2016 Insight & Outlook

Freddie Mac February 2016 Insight & Outlook...(read more)

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Which Region Is Poised to See the Most Home Sales?

The race to purchase homes appears to have slowed down slightly in January-except in the South, according to a National Association of Realtors report. The post Which Region Is Poised to See the Most Home Sales? appeared first on Real Estate News and Advice - realtor.com ....(read more)

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Bond, Gold Markets Don't Believe Fed Hikes: Sherman

Bloomberg Bond, Gold Markets Don't Believe Fed Hikes: Sherman Bloomberg Jeffrey Sherman, portfolio manager at Doubleline, discusses gains in the gold market, oversupply in the oil market, and inflation in the U.S. economy. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg) ......(read more)

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U.S. pending home sales hit one-year low in January

WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes fell to their lowest level in a year in January, likely weighed down by harsh weather and a shortage of properties for sale, a report showed on Monday....(read more)

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Chicago PMI declines to 47.6

Chicago PMI: Feb Chicago Business Barometer Down 8.0 pts to 47.6 The Chicago Business Barometer recoiled 8.0 points to 47.6 in February following a sharp increase to 55.6 in the previous month, led by significant declines in Production and New Orders ... The Barometer's decline was led by an 18.5 drop in Production, which completely reversed January's near 16 point gain, pushing it back into contraction. New Orders also fell sharply and Order Backlogs slipped further into contraction, a situation that has persisted for a year. Employment also declined significantly, leaving it at the lowest......(read more)

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Crafting Creative Solutions, Staying True to Our Principles

By SVP of Multifamily Underwriting & Credit Deborah Jenkins More important than talking about the dire need for rental housing that’s affordable to households earning low or moderate incomes is doing something to help change the situation. Actions, as the saying goes, speak louder than words. Read More...(read more)

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RBC: If Yellen Doesn't Hike in March, Then the Fed Isn't Really "Data Dependent"

Bloomberg RBC: If Yellen Doesn't Hike in March, Then the Fed Isn't Really "Data Dependent" Bloomberg The Federal Reserve will be acting in defiance of its most steadfast guidance if it doesn't raise interest rates at its next meeting, according to RBC Capital Markets. "For all of the effort the Fed has put into communicating to markets that monetary ... and more »...(read more)

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Black Knight Home Price Index Report: December 2015 Transactions

Black Knight Home Price Index Report: December 2015 Transactions<br/>http://ift.tt/1XV4DrT...(read more)

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Manhattan Penthouse Gets Sliced in Two as Luxury Market Falters

Bloomberg Manhattan Penthouse Gets Sliced in Two as Luxury Market Falters Bloomberg At the very top of his newly constructed condo tower in SoHo, developer Kevin Maloney saw a problem: a triplex penthouse priced at $45 million that he knew wouldn't sell in a Manhattan market where luxury deals are slowing. So he ripped up the floor ... and more »...(read more)

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The Features That Help a Home Sell Fastest—and the Ones That Don't

From home style to feature, to size, we crunched data to find the fastest-selling home in six categories. You won't guess what the hottest home style is! The post The Features That Help a Home Sell Fastest-and the Ones That Don’t appeared first on Real Estate News and Advice - realtor.com ....(read more)

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Why losing a home means losing everything

First, the kitchen sink stopped up. And when that happened, Doreen's family began washing dishes in the bathtub. Then food scraps clogged the tub, too, which meant that everyone had to bathe with water boiled in the kitchen that they flushed down the toilet. Then the toilet quit working, too.Read full article >>...(read more)

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Citi: There's Been a Worrisome Change in the Market for New Corporate Debt

Bloomberg Citi: There's Been a Worrisome Change in the Market for New Corporate Debt Bloomberg Welcome to the 2016 corporate bond market. It's a lot like the 2015 corporate bond market-except in one crucial way. So far this year, sales of new investment-grade bonds are running at about $200 billion according to figures from Citigroup Inc.-or ... and more »...(read more)

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Global funds flee stocks, raise bond holdings to five-year high as growth fears mount

LONDON (Reuters) - Investors dumped equities in February as allocations hit the lowest level in at least five years and world stocks fell for the fourth month in a row, with fears of a global recession keeping risk appetite subdued....(read more)

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US Treasury yields sink as investors remain on edge

U.S. sovereign bond prices climbed on Monday, weighing on yields, ahead of an economic data-packed week and the closely followed jobs report on Friday....(read more)

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Buiter takes on Bullard's Brexit view

The view by the St. Louis Fed's James Bullard that a Brexit doesn't matter to the U.S. is "superficial," Citigroup's Willem Buiter says....(read more)

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Is the Market Underestimating the Fed?

Bloomberg Is the Market Underestimating the Fed? Bloomberg Kevin Giddis, Raymond James's head of fixed income, and Bloomberg's Lisa Abramowicz discuss recent bond market trends with Bloomberg's Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg) ......(read more)

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Why $5,000 home renovations pay off the most

When it pays to remodel your home, and when it doesn't....(read more)

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Freddie Mac: Mortgage Serious Delinquency rate increased slightly in January

Freddie Mac reported that the Single-Family serious delinquency rate increased in January to 1.33% from 1.32% in December. Freddie's rate is down from 1.86% in January 2015. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Note: Fannie Mae is expected to report early next week. Click on graph for larger image Although the rate is generally declining, the "normal" serious delinquency rate is under 1%.  The serious delinquency rate has fallen 0.53 percentage......(read more)

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LendingClub shifts risk ahead of court ruling, could inspire other online lenders to join

LendingClub said Friday that it would transfer more of the risk for loans to its banking partner, in a move to get ahead of a possible Supreme Court case....(read more)

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Economic View: Fed's 3 Mandates: Price Stability, Jobs and ... Wall Street?

For three decades, the financial world has believed that the Fed will always intervene to stabilize the market. Will Janet Yellen go along?...(read more)

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Brainard Says Fed Rate Rises May Be Slower Amid Global Headwinds

Bloomberg Brainard Says Fed Rate Rises May Be Slower Amid Global Headwinds Bloomberg Federal Reserve Governor Lael Brainard said the pace of interest-rate increases in the U.S. may be slower than previously anticipated amid weaker global economic growth, as she urged policy makers across the world to coordinate efforts to increase ... and more »...(read more)

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More affected by IRS cyberattacks: DJ

Cyberattacks on taxpayer accounts affected more people than previously reported, Dow Jones reported Friday, citing the IRS....(read more)

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JPMorgan Blames Cash Market for Flash Rally

Bloomberg JPMorgan Blames Cash Market for Flash Rally Bloomberg JPMorgan Chase & Co. analysts have released a new theory on the "flash rally" in U.S. Treasuries that offers a new way of looking at current markets. Bloomberg's Alexandra Scaggs reports on "Bloomberg Markets." (Source: Bloomberg) ... and more »...(read more)

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Powell: Fed's approach means surprises

The U.S. central bank's data-driven approach to rates will surprise markets, Fed Governor Jerome Powell said on Friday....(read more)

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The Fed: How the Fed can talk more clearly so the market will listen

A blue-ribbon panel has put forward ways to help the Federal Reserve communicate with financial markets....(read more)

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US fourth-quarter growth revised up to 1 percent

Growth slowed in the fourth quarter, but not as sharply as initially thought, with businesses less aggressive in their efforts to reduce inventory....(read more)

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CFPB policy priorities confirm rulemaking plans, interest in small business lending

Barbara S. Mishkin In conjunction with yesterday’s meeting of the CFPB’s Consumer Advisory Board, which included a session on the CFPB's strategic outlook, the CFPB issued its “near-term priority goals where we hope to make substantial progress over the next two years.” The CFPB’s policy priorities over the next two years involve the following nine areas, which are listed alphabetically: ... More >...(read more)

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PBOC's Zhou Says China Still Has Monetary Space to Aid Economy

Bloomberg PBOC's Zhou Says China Still Has Monetary Space to Aid Economy Bloomberg People's Bank of China Governor Zhou Xiaochuansought to shore up global confidence in the world's second-largest economy, saying policy makers still have room to act on the monetary front. China'seconomy remains strong and its economic structure and ... and more »...(read more)

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IMF'S Lagarde Still Sees Growth Even Amid Growing Global Risks

Bloomberg IMF'S Lagarde Still Sees Growth Even Amid Growing Global Risks Bloomberg International Monetary Fund Managing Director Christine Lagarde said she still sees growth intact, even amid growing risks to the global economy. As finance chiefs from the world's 20 biggest economies begin a two-day meeting in Shanghai, Lagarde cited ... and more »...(read more)

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Bond investors eye data, auction

U.S. government debt prices were lower on Friday as investors eyed the release of data and the auction of $28 billion in seven-year notes....(read more)

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Why Blacks and Hispanics Have Such Expensive Mortgages

Steve Dipaola / Reuters Despite the housing bust and its lasting implications, owning a home nevertheless remains one of the most common ways for American families to build wealth-white families, predominantly. The homeownership rates of black and Hispanic Americans lag dramatically behind that of white Americans. These minority groups are much less likely to purchase a home, and if they do, they are less likely to have homes that appreciate in value. They're also more likely to lose their homes through foreclosure. These gaps help explain, in part, the staggering disparity in wealth between......(read more)

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Do US Consumers Have More Money to Spend?

Bloomberg Do US Consumers Have More Money to Spend? Bloomberg Federal Realty Investment Trust President and CEO Don Wood discusses his outlook for real estate and the U.S. consumer. He speaks on "Bloomberg Markets." (Source: Bloomberg). Most Recent Videos. Do U.S. Consumers Have More Money to Spend?...(read more)

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Multifamily Outlook Still Positive despite Index Dip in Fourth Quarter

The National Association of Home Builder's Multifamily Production Index (MPI), which measures builder and developer confidence in the apartment and condominium markets, dropped four points to 52 in the fourth quarter of 2015 (Figure 1). Although the index declined, it is still above the break-even point of 50, and has been at or above the break-even point for 16 consecutive... Read More ›...(read more)

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A comment on the Labor Force Participation Rate

Yesterday I was a guest on Bloomberg's What'd You Miss? talking about housing. One of the earlier guests was Professor J.W. Mason discussing the labor force participation rate (LFPR). Professor Mason argued that most of the decline in the LFPR is cyclical. I've written extensively about the LFPR, and I've argued that most of the decline is due to ongoing trends and demographics. Dr. Mason said that if you looked at each age group by sex, you could construct an "adjusted" LFPR. He presented the following graph: Click on graph for larger image. NOTE: I believe this approach is......(read more)

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The Fed: Fed can't follow single policy rule, Williams says

San Francisco Fed President John Williams said following a single policy rule, an approach to interest rate policy favored by Congressional Republicans, wasn't feasible....(read more)

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Leading Marks Index Points to Slow and Steady Recovery for the US

The economic and housing recovery continues at a slow, but steady pace. For the country as a whole, the NAHB/First American Leading Markets Index (LMI), released today, rose to .94 in the fourth quarter of 2015, .01 point higher than its level in the third quarter of 2015, .93, and .04 point higher than its level from one year ago,... Read More ›...(read more)

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Fixed Mortgage Rates Resume Decline

Fixed Mortgage Rates Resume Decline...(read more)

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US durable goods orders rebound

New orders for long-lasting U.S. manufactured goods in January rose by the most in 10 months....(read more)

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Weekly jobless claims rise

The number of Americans filing for unemployment benefits rose last week, but remained below levels consistent with a tightening labor market....(read more)

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The 20 Hottest U.S. Real Estate Markets in February 2016

We've singled out the most dynamic real estate markets in the U.S.-where listings are viewed more often than the national average and homes sell faster. The post The 20 Hottest U.S. Real Estate Markets in February 2016 appeared first on Real Estate News and Advice - realtor.com ....(read more)

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Treasury Bull Case Bolstered by Japanese Funds Devouring Bonds

Bloomberg Treasury Bull Case Bolstered by Japanese Funds Devouring Bonds Bloomberg Investors in the Asian nation purchased 1.97 trillion yen ($17.6 billion) of overseas debt in the week ended Feb. 19, the Ministry of Finance reported Thursday. The figure is the most since at least January 2014, when the government changed the way it ... and more »...(read more)

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LendingTree shares rally 16% after earnings beat and upbeat outlook

LendingTree Inc. shares rallied 16% in premarket trade Thursday, after the company beat profit and revenue estimates for the fourth quarter and offered upbeat guidance. The online lender said it had net income of $32.1 million, or $2.47 a share, in the fourth quarter, up from $15.6 million, or 18 cents a share, in the year-earlier period. Adjusted per-share earnings came to $2.47. The adjusted number benefited from a $23.9 million tax benefit. The FactSet consensus was for EPS of 56 cents. Revenue rose to $78.3 million from $69.8 million, ahead of the FactSet consensus of $76.3 million. Chief ......(read more)

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Fed deserves some blame for market selloff: Bullard

WASHINGTON (MarketWatch) - The Federal Reserve deserves some blame for the market selloff in the wake of its first interest rate hike in almost a decade in December, said St. Louis Fed President James Bullard on Thursday. In an interview on CNBC, Bullard said that Fed Chairwoman Janet Yellen and her colleagues were not at fault. Rather, it was the U.S. central bank's prior rate hike cycle from 2004-2006, he said. During that cycle, the Fed mechanically hiked rates at every meeting for 17 straight meetings. This convinced investors that, after the December move, the Fed was a "freight train"......(read more)

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U.S. Crude Supplies Rise to Highest Level in 86 Years

U.S. Crude Supplies Rise to Highest Level in 86 Years Bloomberg U.S. crude oil inventories rose 3.5 million barrels to 507.6 million in the week ended Feb. 19, the highest level since 1930, according to data from the Energy Information Administration. Stockpiles have climbed in six of the past seven weeks ......(read more)

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