Kathleen Howley

Kathleen Howley

Kathleen "KK" Howley is HousingWire's real estate editor. Previously, she covered housing as a senior contributor for Forbes and a senior real estate reporter and mortgage columnist for Bloomberg. While at Bloomberg, she won the Gerald Loeb Award for Distinguished Business and Financial Journalism, the highest honor in business reporting, for her coverage of the 2008 financial crisis. She also won the New York Press Club's Newswire Award for best continuing coverage of a story, and several awards from the National Association of Real Estate Editors (NAREE). Howley is a member of NAREE as well as Investigative Reporters and Editors. Follow her on Twitter: @KK_Howley. For her LinkedIn profile, go to: https://www.linkedin.com/in/kathleenhowley

ARTICLES

  • Stagnant wages, vacant homes are undercutting housing markets, U.S. mayors say

    "The United States has a housing crisis," says D.C. Mayor Muriel Bowser
    The two biggest villains undercutting housing markets in American cities are stagnant wages and vacant properties, according to a report this week from a coalition of U.S. mayors. “In fast-growing cities, wages lag behind housing costs, leading to a scarcity of affordable housing,” the report from the National League of Cities Housing Task Force states. In cities where the economy is stagnant, abandoned homes are depressing real estate values.
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  • Renovation spending will slow in 2020 after record-setting year, Harvard report says

    Soft housing market will crimp demand for renovations
    While renovation spending rose to a record at the end of June and will reach a new high by the end of 2019, a slowdown is on the horizon. Americans spent $322 billion on remodeling and home repairs during the 12 months ending in June, a 6.8% jump from a year earlier, according to Harvard University’s Joint Center for Housing Studies. However, 2020 will be a different story.
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  • Foreign buyers flee the U.S. housing market, led by Chinese and British

    Top states for foreign purchases were Florida, California and Texas
    China’s currency controls, as well as international tensions between the U.S. and a slew of countries traditionally thought of as our allies, are putting a crimp on America’s real estate market by thwarting demand from foreign homebuyers. Purchases by Chinese people, the biggest share of foreign purchasers, plummeted 56% in the 12 months ended in March, while British home purchases tumbled 48%.
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  • Charles Manson murder house lists for $1.98 million

    Next month is the 50th anniversary of the grisly killings at this "one of a kind" property
    The Los Angeles home where Charlie Manson and accomplices murdered Leno and Rosemary LaBianca has hit the market for $1.98 million, three weeks short of the 50th anniversary of the grisly crimes.
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  • Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerate

    Mortgage giant predicts 30-year fixed rate will average 3.7% in 2019’s second half
    Fannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down from the 3.9% the mortgage financier called for a month ago. Unemployment probably will average 3.7% this year and 4% in 2020.
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  • Former Freddie Mac CEO says GSEs should be regulated like utilities

    Layton says Fannie and Freddie were "lazy competitors" before government seizure
    Two weeks into his new gig as a senior fellow at Harvard University’s Joint Center for Housing Studies, Donald Layton, who was the CEO of Freddie Mac until the end of June, is speaking out – in favor of utility-style regulation of the GSEs. He also states the mortgage giants were “lazy competitors” before the 2008 government seizure.
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  • Fannie Mae, Freddie Mac are building non-LIBOR adjustable-rate mortgages

    GSE officials pledge to roll out new product by 2021's LIBOR expiration
    Seven years after traders were caught boasting in emails and instant messages about cracking open bottles of champagne to celebrate their ability to manipulate the London Interbank Offer Rate, or LIBOR, the Federal Reserve issued a report with the framework for issuing new ARM mortgages based on a U.S. index. Now, Fannie Mae and Freddie Mac are preparing for non-LIBOR ARMs.
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  • Fed Chairman Powell tells Congress he would ignore Trump if fired

    “I fully intend to serve,” the nation’s top central banker said
    Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he wouldn’t leave his post as the nation’s top central banker even if President Donald Trump fired him. Any whiff of instability at the top of the nation’s banking system could cause rates to rise as mortgage-bond investors seek additional compensation for perceived risk.
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  • U.S. economy smashes record for longest expansion

    The caveat: the longest expansion has also been the smallest
    America’s economic expansion is now the longest on record after celebrating its 10th birthday on July 1. There’s a caveat: it has also been slowest and the smallest. Skeptics point to the tax-cut boost as being a sugar rush that mainly benefited the nation’s corporations and its wealthiest citizens. There are signs the buzz is wearing off.
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  • Wondering why low mortgage rates haven't goosed the housing market? Here's the answer

    American household income fell in May, washing out the effect of low rates
    You can't get a mortgage if you don't have enough income to cover the payments. American household income fell in May, even with the unemployment rate at the lowest level in almost 50 years. Stagnant or even falling wages are making it tougher for Americans to buy homes as prices continue to rise, said Robert Dietz, chief economist for the National Association of Home Builders. That explains why cheap rates haven't goosed the housing market, he said.
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