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Tag Archives: Housing Recovery

Based on Recent Signs, Analysts Still Hold High Hopes for Housing Recovery in 2015

Economists at both Fannie Mae and Freddie Mac have stuck to their predictions that housing will recover in 2015 despite receiving recent reports of slower-than-expected economic growth in the first quarter, including job gains that fell well short of expectations in March. "We remain comfortable with our call that the Fed funds rate lift-off will occur in September," Fannie Mae chief economist Doug Duncan said last week. "The setback in the hiring picture is in line with consumer sentiment regarding the housing market from the Fannie Mae National Housing Survey."

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Fannie Mae: Economic Growth Slows in Q1; Economy Still Expected to ‘Drag Housing Upward’

The temporary factors that slowed economic growth include a drawdown in inventory, unusually high snowfall in some parts of the country, and the West Coast port slowdown. Fannie Mae expects the reducing of those factors in the second quarter combined with upbeat labor market conditions and positive consumer and business fundamentals to push GDP growth to 2.8 percent in 2015, ahead of 2014's pace of 2.4 percent.

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Analyst Says Nation’s 5.6 Percent Unemployment Rate is Misleading

While the Obama Administration is touting monthly job gains consistently averaging more than 200,000 and a labor market that they say is at its healthiest level since the turn of the century, at least one analyst says that the recently reported national unemployment rate of 5.6 percent may not be telling the complete story.

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Castro to Answer Housing Questions at Fireside Chat-Style Event

U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro will answer questions about a variety of housing topics in a fireside-chat style event on the morning after President Obama's state of the union speech on Wednesday, January 21, at the Newseum in Washington, D.C.

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Housing Barometer Indicates Market is Moving Closer to ‘Back to Normal’ Levels

While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia's Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales, excluding distressed sales; home price level; and delinquency plus foreclosure rate – are all more than three-quarters of the way "back to normal" as of the end of 2014, according to the barometer.

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Did Obama Overestimate Progress of Housing Market Recovery?

One of the main points in President Barack Obama's speech about housing in Phoenix on Thursday was how far the housing industry has come since the bust of 2008 and particularly since he took office in January 2009. The president admitted that the housing market has not come all the way back yet and there is still work to be done. But did he overestimate just how far the housing market has come and the role his administration's policies have played in the recovery? It's possible, according to one analyst.

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