Mortgage Forbearance Programs Help Support Housing Prices

In a press release titled “‘No Lump Sum Required at the End of Forbearance’ says FHFA’s Calabria” the Federal Housing Finance Agency (FHFA) sought to reassure home owners that they will not risk defaulting on their homes coming out of a mortgage forbearance program. The forbearance program gives home owners relief from paying their mortgage … Read more

U.S. Home Price Growth in 2Q 2016 Slows On A Monthly Basis

Today, the Federal Housing Finance Agency (FHFA) released its quarterly report on U.S. home prices for Q2 2016. Home prices rose 5.6% but each month in the quarter increased “only” 0.2% sequentially. This monthly pace represents a substantial slowdown from the first quarter where monthly gains were 0.4%, 0.5%, and 0.8%. The FHFA speculates that … Read more

More Positive Milestones for the Residential Housing Market

(This is an excerpt from an article I originally published on Seeking Alpha on August 30, 2012. Click here to read the entire piece.) The residential housing industry received more positive data on August 29, 2012. First, the latest Federal Reserve’s beige book further confirmed the stronger price trends shown in the Federal Housing Finance … Read more

Latest Housing Price Data Confirm Housing Bottom Underway

(This is an excerpt from an article I originally published on Seeking Alpha on August 26, 2012. Click here to read the entire piece.) The last earnings reports from homebuilders like Toll Brothers (TOL) and KB Home (KBH) have delivered very positive outlooks on the current housing market: see “A Swell Of Pent Up Demand … Read more