Posts from July 2016
How Do We Reconcile Good Single-Family Housing With Bad Homeownership?
July 29, 2016 by Zelman & Associates
For 2Q16, the Census Bureau announced that the national homeownership rate registered 62.9%, down 50 basis points from 2Q15. The headline was particularly eye-catching given that it tied 2Q65 for the lowest second quarter level of the last ...
Filed Under
homeownership
Non-Bank Mortgage Originators Most Accommodating to FHA Borrowers
July 29, 2016 by Zelman & Associates
In recent years, national banks have faced numerous legal headwinds related to legacy mortgage exposure, incurring billions of dollars of fines in aggregate, which has led many to de-risk their origination business. This has been particularly ...
Filed Under
entry-levelmortgage
A Demographic Peak at Those Living Alone
July 29, 2016 by Zelman & Associates
In 2014, approximately 28% of households consisted of one person living alone, up from 26% in 2000, 25% in 1990 and 23% in 1980. The gradual increase has implications for housing demand given that individuals traditionally require less space ...
Filed Under
demographics
Why Don’t More Consumers With Elevated Rates Refinance?
July 15, 2016 by Zelman & Associates
In its most recent weekly survey of mortgage rates, Freddie Mac reported that the national average for a 30-year fixed-rate product was approximately 3.40%, only 10 basis points higher than the historical low posted in late 2012 dating back ...
First Single-Family REIT Refinance Highlights Asset Appreciation
July 15, 2016 by Zelman & Associates
Progress Residential is a single-family REIT that owned approximately 17,000 homes as of 1Q16, making it the fourth largest in the country behind Invitation Homes (~48,000), American Homes 4 Rent (~48,000) and Colony Starwood Homes (~32,000) ...
Filed Under
institutional investorssingle-family rental
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