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Team Thayer Real Estate News Eugene Oregon The share has risen above previous year levels since April 2015, reflecting improvements within the labor market, riskier mortgage lending, and continuing low mortgage rates. This and a 35-month-long seller’s market for existing homes are causing home prices to increase much faster than income. “The strong spring 2015 home buying season has been paced by outsized gains for first-time buyers,” said Edward Pinto, co-director of the AEI’s International Center on Housing Risk. “Unfortunately, these gains are fueled in part by liberalized credit standards, which is creating demand pressure and driving real home prices higher. This will lead to future instability.” Team Thayer Real Estate News Eugene Oregon The Federal Housing Administration ( FHA ) had a share of first-time homebuyers in August at or above 80 percent,  Fannie Mae ’s share stood at 43.3 percent, and  Freddie Mac  had a share of about 40 percent, AEI r...

Freddie Mac   announced on Wednesday  its largest sale ever of deeply delinquent, non-performing loans from its mortgage investment portfolio, consisting of 5,208 loans serviced by  Ocwen Financial  with an unpaid principal balance (UPB) of approximately $1.1 billion. The sale was completed five days before the announcement (on September 11) and the transaction is expected to settle in October 2015. The sale is part of Freddie Mac's Standard Pool Offerings (SPOs). The loans offered were delinquent by an average of three and a half years, meaning that the borrowers were likely previously evaluated for loss mitigation options or in some stage of loss mitigation or foreclosure, according to Freddie Mac. Approximately 33 percent of the aggregate pool balance consisted of loans that were modified and later became delinquent. The aggregate pool has a loan-to-value ratio of approximately 91.1 based on broker price opinion and is geographically diverse, according to ...

While flipping was a popular investor strategy in the years immediately after the crisis, more and more investors are seeking to buy properties and employ a rent-to-hold strategy. Has the increased popularity of the single-family rental market forever changed the way housing reacts to market swings, or is this an unsustainable trend that will eventually precipitate another housing crisis? Panels of experts discussed this and other issues such as securitization, crowdfunding, property management, and protecting investments from HOA "super-priority liens" in the Single-Family Rental Lab at the  2015 Five Star Conference and Expo  Wednesday in Dallas. While this is the 12th year for the Five Star Conference, it was the first-ever SFR Lab, speaking to the rapidly growing popularity of the SFR market in the last year to two years. When the panel of four experts debated whether the current single-family rental market is a "bubble" or is here to stay and the qu...

Approximately three-quarters of a million single-family residential homes  regained equity in the second quarter of 2015 , bringing the nationwide total of mortgaged residential properties with equity up to 45.9 million (91 percent), according to data released by  CoreLogic  on Tuesday. The number of homes regaining equity totaled about 759,000 for Q2, which translated to a year-over-year increase in borrower equity of about $691 million for the quarter, according to CoreLogic. About 8.7 percent of all residential homes with a mortgage, or about 4.4 million properties, were in negative equity in Q2 2015– both declines from 10.9 percent and 5.4 million from the same quarter a year earlier. "For much of the country, the negative equity epidemic is lifting. The biggest reason for this improvement has been the relentless rise in home prices over the past three years which reflects increasing money flows into housing and a lack of housing stock in many markets," said A...

TEAM THAYER REAL ESTATE NEWS Statistically speaking, housing is on a roll. Year-to-date home sales are up 6.3 percent and prices in May were 7.9 percent higher than a year earlier. The trends are expected to stay positive and are likely to boost business dollar volume by as much as 15 percent in 2015. These statistics don't even include new-home construction, which is growing at a strong clip as well. But this rosy picture does raise concerns about affordability. After all, wages are rising by only 2 percent annually and renters are getting squeezed, having to endure 4 percent rate hikes while home prices accelerate more quickly. In addition, mortgage rates have notched their highest level of the year, reaching about 4 percent in June, and should continue to rise well into next year. Some armchair analysts have suggested that we’re entering a new housing market bubble. But hard facts suggest otherwise. Underlying conditions today are fundamentally different from ...