U.S. Housing Market Commentary

Posted by Jacob Gaffney on 2/1/13 at 3:50pm

The state of the local community is a large driver of values across neighborhoods. This means blight is a big drag on nearby house prices. Solutions to curing blight, therefore, often look to solve larger community ailments.

But not always. Check out this latest innovation to boarding up abandoned houses, using a product called SecureView: 

"The product costs little more than plywood boards and is installed quickly and securely, using a technique similar to plywood bolt-...

Real Estate
Posted by Scott Sambucci on 1/30/13 at 11:17am

Over the past three days at the American Securitization Forum, I've sat in six sessions ranging from RMBS  valuations to new securitization perspectives to housing finance reform to REO-to-Rental. Here's what is apparent to me - the RMBS market ain't “getting back to normal.” What you see right now is what you're gonna get. 

Yes, there will be growth from the nine deals by two issuers in 2012. Yes, there is capital...

Investments
Posted by Megan Hopkins on 1/29/13 at 5:15pm

Online real estate marketplace Trulia ($31.48 -0.18%) revealed its latest survey findings Wednesday, showing the seasonal patterns of home search activity based on its search traffic.

The research, which was based on all home searches on Trulia from 2007 to 2012, was used to determine whether a state’s search activity in each month...

Real Estate
Posted by Scott Sambucci on 1/29/13 at 2:30pm

Remember when Spencer Bachus said that Fannie Mae and Freddie Mac should be in liquidation, not conservatorship?

The issue was discussed during a general session at the American Securitization Forum.

Yeah… About that… Well, the GSEs ain't going anywhere. Here are just a few reasons:

  • Home prices...
Investments
Posted by Megan Hopkins on 1/29/13 at 12:49pm

Yesterday, I attended my first REOCON Summit & Expo in Dallas, Texas. The last session of the conference was a Q&A style panel session, filled with professionals in the short sale industry. Each panelist discussed his personal experience with marketing in the industry and what techniques seem to work best individually.

Mike Bjorkman, a lead trainer at Agent Mechanics, told the crowd that he likes to integrate a lot of testimonials and newsletters into his...

Real Estate
Posted by Scott Sambucci on 1/29/13 at 12:16pm

If you're an investor, take your pick of strategies when you invest in the REO-to Rental market - just know that it should fundamentally affect your approach to managing these assets.

And the good news is that banks really don't care.

At the ASF 2013 panel - "REO-to-Rental Financing" - one of the hottest topics in residential real estate - focused on this basic question, borne out the recent upturn in home prices. After researching home prices and...

Investments
Posted by Jacob Gaffney on 1/28/13 at 1:31pm

In a blogtalkradio interview on "Capital Markets Today" last week with Louis Amaya, I talked about plenty of things: the qualified mortgage rule, recent Nationstar  ($45.32 0.83%) secondary market deals...

Investments
Posted by Scott Sambucci on 1/28/13 at 11:25am

There is a bit of anticipation coming into this year’s American Securitization Forum conference in Las Vegas, because the rules around mortgages are finally beginning to become clearer. As such there seems to be some optimism that the private-label market, in some form, may start producing some volume.

The session I attended on Sunday focused on how mortgage servicing impacts a deals performance, which is a relevant concern to both legacy portfolios and any new issues. Understanding...

Investments
Posted by Christina Mlynski on 1/25/13 at 12:08pm

With improving market conditions, many institutions in private real estate funds are likely to become active in the market once again, spelling good news for the housing market. 

Forena Akthar at Preqin, which monitors private equity and real estate markets, noted the company’s real estate online database is tracking 339 endowments planning to invest in the real estate asset class, which represents an impressive 10% of the global real estate investor realm.

...
Investments
Posted by Megan Hopkins on 1/24/13 at 11:21am

Of the 895 respondents recently surveyed by online real estate broker Redfin, less than half, 49% to be exact, indicated that they were planning to sell their homes.

Even further, only 22% believe now is the time to sell. While this is up from 15% in the fourth quarter, the number remains relatively low.

This, in large part, is based upon the fact that 81...

Real Estate