Posts filed under “Real Estate”

The Best Gummint Housing Program You’ve Never Heard Of

Of all of the various government housing programs run by various federal agencies — Federal Housing Administration, Federal Housing Finance Agency, Housing and Urban Development and, of course, Fannie Mae — HARP is the most effective and efficient one out there. Odds are you have never even heard of the Home Affordable Refinance Program.

And that is a shame, because it is doing what it was designed to do: Help qualified homeowners refinance underwater homes and avoid foreclosure.

The Wall Street Journal’s Nick Timiraos wrote a terrific article on the subject: You probably missed it, as it was unfortunately buried on New Year’s Eve. (Timiraos’s regular housing and mortgage columns in the Journal are incisive and free from the usual bias and politics that tend to accompany much of the housing coverage these days.)


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Category: Bailouts, Credit, Real Estate

A Bet for Barron’s on Housing

I have long been a reader of Barron’s. I spent countless Saturday mornings early in my career with a big cup of coffee and a hard copy of the weekly. Over vacation, I almost missed this cover story on housing last weekend by Jonathan Laing, Betting on the House. In it, they forecast 5% annual…Read More

Category: Real Estate, Really, really bad calls

Barron’s: Will Housing Keep Rising?

Category: Credit, Real Estate

Blackstone’s Big Bet On Rental Homes

From Bloomberg: The Blackstone Group LP, the world’s largest private equity firm, became the largest owner of rental homes in the U.S. , acquiring 41,000 homes in the past two years. In October, Blackstone offered the first-ever “rental-home-backed” security on Wall Street. The bond is backed by just a fraction — 3,207 — of the rental…Read More

Category: Real Estate, Venture Capital

Housing Collateral and Entrepreneurship

Category: Real Estate, Think Tank

The Recent Boom in House Prices: Why Is This Time Different?

Category: Real Estate, Think Tank

Are American Homeowners Back to Positive Equity? (No)

American Homeowners Are Finally Returning to Positive Equity Source: Economist     Here is a fascinating albeit somewhat confusing chart: Total US residential equity relative to total mortgage debt. The problem, even misleading part about the chart is some 30% of homes are bought with no mortgage — straight up cash deals.   Continues here

Category: Real Estate

House Price Cycles in Europe

Category: Real Estate, Think Tank

Category: Credit, Real Estate

I’ll Take Manhattan (No You Won’t)

Source: Miller Samuel   Over the past few years, the combination of low rates and tight inventory has helped bid housing prices up nationally. That situation is easing as more and more inventory hits the market. As Bloomberg News reported yesterday, it looks like the days of bidding wars are waning as the supply of…Read More

Category: Credit, Real Estate