News Topic: Housing inventory
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Reducing mortgage defaults starts with beefing up housing supply
Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices. ... Read full article
Why the pandemic isn’t scaring away first-time homebuyers
One segment of the market, at least, has proved more resilient than many feared early on in the crisis. ... Read full article
HGTV shows like 'Fixer Upper' spur demand for home renovation loans
Popular TV shows about house fixers and flippers have sparked consumer interest in remodeling, creating an opportunity for lenders to build a specialty in renovation loans while traditional mortgage lending is weak. ... Read full article
Risk is building in the housing market
Home prices are rising and first-time buyers now account for an increasing share of sales, factors that could lead to a surge in defaults during the next economic downturn. ... Read full article
Waters likely to raise affordable housing’s profile in GSE debate
The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority. ... Read full article
Siding with landlords and lenders, Calif. voters reject expanded rent control
Real estate and mortgage industry groups outspent proponents three-to-one to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws. ... Read full article
Miami bank forms foundation to aid low- and moderate-income homebuyers
City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing. ... Read full article
Mortgage credit still in a post-crisis funk? The data begs to differ
Despite recriminations about how the crisis and ensuing regulations have tightened loan access, an actual assessment of mortgage credit availability is more complicated. ... Read full article
Housing bubble or not, the real estate market is in trouble
Despite soaring home prices, other factors needed to inflate a housing bubble are absent from the real estate market. But experts warn falling home values and rising mortgage defaults are inevitable, even if conditions naturally cool off. ... Read full article
10 cities on the verge of a housing bubble
Here's a look at the 10 housing markets with the biggest gap between growth in home prices and wages that could indicate a housing bubble is forming. ... Read full article
10 cities on the verge of a housing bubble
Here's a look at the 10 housing markets with the biggest gap between growth in home prices and wages that could indicate a housing bubble is forming. ... Read full article
For housing market, tax reform is a wrench in the works
The recently enacted tax reform bill is likely to encourage more consumers to rent instead of buy and tamp down on the rapid rise in home prices. ... Read full article
Tax law likely to spur crisis in affordable housing
The tax law is expected to eliminate 300,000 affordable housing units over 10 years in part because it will reduce the value of banks’ low-income tax credits, which finance half of all affordable housing units. ... Read full article
