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.

Politics & Money

Goldman Sachs says Democratic sweep would boost U.S. economy

Cooperation on COVID-19 stimulus would counterbalance likely increase in corporate taxes, Hatzius says

On Monday morning, when President Donald Trump was a COVID-19 patient admitted to Walter Reed National Military Medical Center, he tweeted in all-caps that Democratic wins in the Nov. 3 election would “SHUT OUR ECONOMY AND JOBS DOWN.”

A few hours later, Goldman Sachs, the storied investment bank that has sent several high-profile employees into the Trump administration, had a different take. A Democratic sweep – meaning wins that would hand the Democrats control of the White House and the Senate, adding to the House of Representatives they already hold – would boost the U.S. economy, according to Goldman Sachs Chief Economist Jan Hatzius.

“All else equal, such a blue wave would likely prompt us to upgrade our forecasts,” Hatzius said in a note to clients a few hours after Trump’s doomsday tweet on Monday.

“It would sharply raise the probability of a fiscal stimulus package of at least $2 trillion shortly after the presidential inauguration on January 20, followed by longer-term spending increases on infrastructure, climate, health care and education that would at least match the likely longer-term tax increases on corporations and upper-income earners,” Hatzius said.

How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond

An eClosing strategy that succeeds in any environment is built on two key concepts. Find out what those are here.

Presented by: Snapdocs

Trump killed any hope of a stimulus package ahead of the election on Tuesday when he tweeted that he has ordered the White House to stop negotiating with Democrats on another round of economic aid for the nation as it struggled with the worst pandemic in more than a century.

“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump said.

Trump’s rejection of negotiations came hours after Federal Reserve Chairman Jerome Powell warned of “tragic” effects if the U.S. didn’t get the pandemic under control and find a way to approve additional stimulus for the economy.

“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in a speech to the National Association for Business Economics. “Over time, household insolvencies and business bankruptcies would rise, harming the productive capacity of the economy, and holding back wage growth.”

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