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?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

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.

Investments

Is President Trump on track to reach his 4% GDP campaign promise?

One report says yes; another says not quite

When President Donald Trump took office, one of his promises was to create 25 million new American jobs and bring gross domestic product growth up to 4% annually.

Now, several months into his presidency, the Atlanta Fed released its GDPNow Forecast which predicts GDP will come in at an impressive 3.8% for the third quarter of 2017. However, the chart below shows GDP estimates from other forecasts came in much lower.

Click to Enlarge

GDP

(Source: Atlanta Fed)

Trump supporters quickly pointed out that the president was keeping his campaign promise. However, one economist explained the Atlanta Fed is an advanced estimate and has a fair amount of volatility.

“They are not the official Atlanta Fed GDP forecasts but a model that tries to give more timely estimates of what the official BEA GDP estimate will be,” said Mark Fleming, First American Financial Corp. chief economist. "The interesting thing to do is watch how the GDPNow forecast evolves as data is released.”

In another analysis, the most recent GDP increase in the second quarter is picking up steam from the slow first quarter, however it has yet to hit close to the president’s promised 4%. GDP in the second quarter came in at 2.6%, according to the advanced estimate from the Bureau of Economic Analysis.

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

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