Here’s why the FHFA is not a fan of principal reduction

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents
W S

REwired

new REwired blog header
Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?
July 25, 2014
We have another woe-is-me homeowner paraded out for emotion exploitation from pro-reduction policy wonks and "if it bleeds it leads" journalists. Where is the opinion of the mortgage servicer? Or the mortgage lender?
Read More

Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents
July 25, 2014
After crunching some numbers, Shan concludes that ultimately millennials will need to get jobs to get them to finally move out. This process, parents will be sad to learn, may take many, many more years.
Read More

What would the Zillow-Trulia hookup mean for housing?

Listing Goliath could change the balance of power
July 24, 2014
Zillow is seeking to acquire rival Trulia in a move that would create a Goliath of online real estate listings. So how is it going to affect the industry, consumers, and even the media?
Read More

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
July 24, 2014
CNBC’s analysts seem to view millennials as a giant homogenous mound of humans who all think the same way, look the same way, do the same things and look at the world in the exact same way. And every day, CNBC’s analysts opine on why millennials aren’t buying homes, or buying stocks or buying whatever else it is that CNBC thinks is important that day.
Read More

More proof housing is headed for a fall

Dismal market can't be blamed on weather
July 24, 2014
With over 7 million Americans working in part-time positions rather than the full-time jobs they would prefer having, and with so many millions more dropping out of the workforce altogether, the case is made… again, that our economic outlook is not rosy as we sloth through the remainder of 2014.
Read More

A $4.25M home in Rancho Mirage for the Obamas?

Wherever they end up, it’s going to affect the neighbors
July 23, 2014
Outgoing and semi-retired President Obama is reportedly eyeing a home in Rancho Mirage listed at $4.25 million, and the first family might be closing before the month is out.
Read More

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?
July 22, 2014
Unsold inventory is 6.5% higher than a year ago, when there were 2.16 million existing homes available for sale. Could the hidden 'pocket listing' real estate market be to blame?
Read More

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
July 21, 2014
"As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
Read More

HousingWire to rank housing economy’s 50 highest growth companies

The HW Fast50™ program opens today; inaugural list to publish in October issue
July 21, 2014
HousingWire announced today that the nomination period is now open for the publication’s inaugural HW Fast50™ program, which will rank the 50 fastest-growing companies spanning the U.S. housing economy. Final rankings will be published in the October 2014 issue of HW Magazine.
Read More

Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
July 20, 2014
Four housing charts to ruin your Monday (take the red pill), the housing recovery is coming to an end, and a little-known proposed HUD rule that could lead to the federalization of local housing and zoning decisions are all mixed into your spicy, bold morning brew.
Read More