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Home2023May

Month: May 2023

Weely Real Estate News

S&P Case-Shiller: Home Prices Are Rising Again

May 31, 2023 Mark Paul Cervantes 0

“The modest increases in home prices we saw a month ago accelerated in March 2023,” said Craig J. Lazzara, managing director at S&P Dow Jones Indices. The post S&P Case-Shiller: Home Prices Are Rising Again […]

Housing Wire

UBS to close business in U.S. mortgage trading unit

May 31, 2023 Mark Paul Cervantes 0

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. The decision is part of UBS’s strategy to […]

Weely Real Estate News

A Phil Hall Op-Ed: Disputing Gary Vee

May 31, 2023 Mark Paul Cervantes 0

The companies that are not successful are the ones who are endlessly inconsistent. The post A Phil Hall Op-Ed: Disputing Gary Vee appeared first on Weekly Real Estate News.

Housing Wire

FHFA issues RFI on multifamily property tenant protections

May 31, 2023 Mark Paul Cervantes 0

The Federal Housing Finance Agency (FHFA) issued on Tuesday a request for input (RFI) regarding protections for tenants at multifamily housing properties backed by mortgages from Fannie Mae and Freddie Mac. In particular, the FHFA […]

Housing Wire

FHFA House Price Index hits an all-time high

May 31, 2023 Mark Paul Cervantes 0

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. The quick takeaway here is […]

Weely Real Estate News

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

May 31, 2023 Mark Paul Cervantes 0

“Borrowers searching for a new deal may well be concerned about the latest developments in the mortgage market,” said Rachel Springall, a finance expert at Moneyfacts. The post Nearly 800 UK Mortgage Deals Withdrawn Over […]

Housing Wire

Leaders struck a debt ceiling deal. What does it mean for mortgages? 

May 31, 2023 Mark Paul Cervantes 0

The debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy on Saturday represents momentary relief for the mortgage market, as it reduces the chances of a federal government default. But that’s […]

Weely Real Estate News

Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’

May 31, 2023 Mark Paul Cervantes 0

Musk began to jettison his residential real estate holdings in May 2020. The post Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’ appeared first on Weekly Real Estate News.

Housing Wire

Mortgage apps decline as rates hit the highest level in six months

May 31, 2023 Mark Paul Cervantes 0

Higher mortgage rates caused by the debt ceiling drama and resilient inflation reduced demand for home loans last week, affecting the already depressed refinancings in particular, according to the latest Mortgage Bankers Association (MBA) data. The […]

commercial real estate
Commercial Real Estate

Elon Musk warns house prices are set to plunge – and says commercial real estate is in meltdown

May 30, 2023 Mark Paul Cervantes 0

Brace for the intense pressure on commercial real estate to spread to house prices, Elon Musk says. “Commercial real estate is melting down fast. Home values next,” the tech billionaire tweeted. Investors are worried about […]

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U.S. Market

mortgages
Economy

Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years

June 6, 2023 0

Some $1.5 trillion in mortgages will come due in the next two years – paving the way for a financial crisis as higher interest rates push down property values As this event looms, big banks such […]

inflation
Inflation

Can high inflation and yield surges shape global markets?

May 30, 2023 0

Markets On Friday, strong US eco data (durable goods orders, spending and income data and, last but not least, PCE deflators) all supported the market repositioning that already dominated the price action earlier last week. […]

commercial real estate
Commercial Real Estate

NEMETHY: Small US banks and commercial real estate – a doom loop?

May 30, 2023 0

There is the possibility of a doom loop between Small US banks and commercial real estate. The scenario looks like this: Small banks in the US hold over 70% of commercial real estate loans. Prices […]

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