What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

What does Black Monday mean for Chinese homebuyers?

Chinese homebuyers comprise roughly 2% of housing demand

The repercussions of Black Monday could go further than just today’s major hit, with the future of Chinese homebuyers now in question.  

The Black Monday market collapse badly dented the stocks that drive the housing and mortgage finance economy worse than the major indices early Monday morning.

The HW 30 — HousingWire’s proprietary list of major players in the space — was down 4.75% as of 10:09 a.m. ET.

In a blog post on LinkedIn, John Burns, CEO and owner of John Burns Real Estate Consulting, explained that Chinese homebuyers comprise roughly 2% of U.S. housing demand—and far more in than that in the gateway metro areas with excellent airport access. As a result, he expresses his increased uncertainty about the level of future Chinese homebuying.

While the recent Chinese stock market correction has caused a decline in sales (one of my builder clients has noticed a sharp pullback, another just told me about a home sale cancellation specifically due to the buyer’s stock market losses, and one publicly traded home builder even mentioned the pullback on their earnings call.), our research has convinced us of tremendous Chinese demand to buy US real estate for their families and as investments.

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3d rendering of a row of luxury townhouses along a street

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