News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Jed Kolko / Trulia / July 10, 2013
Rising mortgage rates are the top worry for people thinking of buying a home someday, and 56% of Americans say they would be discouraged from homeownership if rates reach 6%. But pay more attention to what consumers do than what they say.
After years of low-and-lower mortgage rates, the 30-year fixed rate shot up from a near-historic-low of 3.35% in early May to 4.46% in late June before settling back to 4.29% last week, according to Freddie Mac. The rate increase was sudden and steep, but not a surprise. Economists and forecasters have been waiting for rates to go up for two reasons: (1) the
BUILDER / July 9, 2013
Today’s big story is a second-half-of-2013 question raised by two other breaking news articles.
In one, Bloomberg/ BusinessWeek staffer’s Heather Perlberg and John Gittelsohn explore the strategy Blackstone Group is building out with its investment in the single-family for-rent market.
In the other, the Silicon Valley Business Journal’s Nathan Donato-Weinstein covers the IPO terms for San Jose, Calif.-based UCP, Inc. a land developer-builder seeking to raise $150 million or more in the equity capital markets.
One plan banks on a business that stakes its futureRead More
Jed Kolko / Trulia / June 6, 2013
Asking prices are up 16.3% year-over-year in America’s least affordable metros – far ahead of the overall national increase of 9.5%.
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop onRead More
Richard Florida / The Atlantic Cities / May 9, 2013
Homeownership is a vaunted cornerstone of the American Dream. It’s long been viewed as providing a path to financial security and the good life. And it’s often posed as a barometer of the health of the economy writ large. it’s been center stage, after all, in the ongoing conversation about the economic crisis and recovery. The American government has provided substantial incentives to spur homeownership for decades.
But, in recent years, a growing chorus of economists have argued that America may have gone overboard in its pursuit of homeownership. They suggest that highRead More
Susan Johnston / US News & World Report / May 6, 2013
Things are starting to look up for Americans who lost their homes during the recession
For the millions of Americans who lost their homes in a foreclosure or short sale during the recession, things are starting to look up. In addition to receiving a piece of the $3.6 billion settlement that banks are distributing to borrowers who were wrongfully foreclosed on, some homeowners are now becoming “boomerang buyers” and re-entering the market after a foreclosure or short sale.
Neal Katz, a mortgage agent at All Western Mortgage in Las Vegas, says he fields calls from a number of peopleRead More