By 2023, there could be up to 4.7 million more renter households due to demographic forces, according to Harvard University's report, The State of the Nation's Housing 2014. But the supply of multifamily rental housing will likely be far less than demand, writes David Brickman, Freddie Mac's ... » Learn More about Study: Multifamily in for Long-Term Shortage
Latest National Housing Affordability Index Lower
At the national level, housing affordability is down for the month of May and lower than a year ago due to a rise in home prices and slower rising mortgage rates. Housing affordability is down for the month of May as the median price for a single family home in the US increased. The median ... » Learn More about Latest National Housing Affordability Index Lower
Fed Considers Final Quantitative Taper in October
The Federal Reserve will probably complete their Quantitative Easing (QE) in October. QE is the unconventional monetary policy used by the Fed to artificially keep long term interest rates down by buying billions of dollars of bonds and mortgage backed securities every month. For several years the ... » Learn More about Fed Considers Final Quantitative Taper in October
Regulators Penalize Lenders for Maternity Discrimination; More Conflicting Regulations
The Justice Department and the Department of Housing and Urban Development (HUD) have issued several monetary penalties this year to lenders for alleged maternity discrimination against loan applicants. Investigators found that lender’s underwriting criteria stated if the applicant is on family ... » Learn More about Regulators Penalize Lenders for Maternity Discrimination; More Conflicting Regulations
San Fernando Valley Housing Inventory Up All Price Ranges
The San Fernando Valley (Los Angeles) active housing inventory is up substantially across all price ranges. What does this mean? Real estate is a very regional element. National housing statistics that makes the news, has very little to do with what's happening in specific regions or neighborhoods. ... » Learn More about San Fernando Valley Housing Inventory Up All Price Ranges