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.

Investments

Investors will focus attention on Bernanke: New Oak

Congress must reach a compromise by Friday to avoid automatic spending cuts, part of the sequester.

Of key concern is the mandatory $85 billion in spending cuts this year, impacting the economic recovery as well as highlighting the market gridlock, which continues to dominate Washington, said President and Co-Founder James Frischling of New Oak.

While the U.S. Senate is set to consider bills that could avoid the cuts over the next few days, investors are expected to pay close attention to the testimony of Federal Reserve Chairman Ben Bernanke to Congress on Tuesday and Wednesday.

“Investors know that Federal Reserve’s commitment to low interest rates and monetary policies have been the most important driver of stock market performance,” Frischling said.

He added, “Any signs from the Chairman that such policies, like all good things, need to come to an end, will be seen as far more significant than the drama playing out in the sequester negotiations.”

Most Popular Articles

FHFA: Government to back mortgages up to $970,800 in 2022

The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit will be $970,800.

Nov 30, 2021 By

Latest Articles

Zillow: Over half of our iBuying inventory is on the move

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”

Dec 02, 2021 By
3d rendering of a row of luxury townhouses along a street

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