Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

Stock markets tank as investors go bearish

This is the worst start ever to a calendar year

Investors are scrambling as they continue to head into what is the worst start ever to a calendar year for the stock market, an article in Business Insider said.

The article said that global stocks officially entered a bear market.

The Dow dived by more than 500 points. The NYSE hit a new low in early trading. The S&P is also seeing its worst start of the year.

From Business Insider:

US stocks started the day deep-red, and the sell-off has intensified through the trading day. Not long after noon, the Dow fell more than 500 points, and with the S&P 500 and Nasdaq, it declined by more than 3%.

Strategists everywhere are fielding panicked questions from clients about whether this means the US economy is headed for a recession. As we detailed over the weekend, many of the pros agree that this is not a likely scenario.

And amid all the negative reports, the article added that in a note to clients on Wednesday, the Deutsche Bank managing director of Global Head of the Fundamental Credit Strategy Group, Jim Reid, suggested that what we're seeing is an expected repricing of relatively pricey global assets.

“And for the investor whose focus is further than the intraday market swings, the present volatility is good news because it presents the opportunity for higher returns later,” the article quoted Reid saying. 

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

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