Rise in Rental Stock Indicates Growing Popularity of SFR Market

first_img Previous: What to Remember When Buying an REO Property Next: 2015 Five Star Conference to Kick Off Wednesday in Dallas NAHB Rental Stock Single-Family Rental Market U.S. Census Bureau 2015-09-14 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: NAHB Rental Stock Single-Family Rental Market U.S. Census Bureaucenter_img The single-family rental market has been gaining popularity in the last couple of years, as indicated by a moderate increase in rental stock.Na Zhao, Housing Policy Economist for the National Association of Homebuilders, pointed out on the NAHB’s Eye On Housing blog on Monday that according to data from the U.S. Census Bureau, rental stock jumped by 1.4 million during a two-year period from 2011 to 2013 up to 40 million. Single-family rental homes made up the largest portion of that stock, with 29 percent.”Contrary to popular expectations, most rental homes are smaller properties, single-family homes and multifamily buildings with 2 to 4 units,” Zhao said.The period from 2011 to 2013 saw a moderate increase in rental home share across all structure types, except for townhomes. Single-family rental homes (including both detached and townhomes) saw an increase of 3 percent during the two years, while multifamily stock climbed by just 1 percent during the same period.”However, the increase for single-family rental inventory was not due to initially built-for-rent purposes,” Zhao said.That trend may be changing; with the number of foreclosed properties on a steady decline in the years since the crisis, investors who had previously purchased REO or foreclosed properties cheap and rented them out are looking elsewhere for business. A recent report from NBC News indicated that investors are gravitating toward newly-build homes for the single-family rental market.Also according to Zhao’s blog post, the Census Bureau reported that 85 percent of rental housing stock during the period was located in urban areas (split evenly between central cities and suburbs with 43 percent and 42 percent, respectively).The mortgage industry has recognized the growing popularity of the single-family rental market. This week at the 2015 Five Star Conference and Expo in Dallas will include the inaugural Single-Family Rental Lab, and Five Star will host the inaugural Single-Family Rental Summit in Las Vegas from October 11 to 13.Editor’s note: The Five Star Institute is the parent company for DS News and DSNews.com. Home / Daily Dose / Rise in Rental Stock Indicates Growing Popularity of SFR Market The Best Markets For Residential Property Investors 2 days ago Rise in Rental Stock Indicates Growing Popularity of SFR Market Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles September 14, 2015 976 Views About Author: Brian Honea Subscribelast_img read more

How Low Can Foreclosure Rates Go?

first_img  Print This Post The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, Journal, Market Studies, News The ongoing downhill journey of foreclosure activity continued in May, with starts for the month hitting the second-lowest total in more than 17 years, according to the latest data from Black Knight, Inc.Black Knight’s First Look at mortgage performance data for May 2018 revealed a total of 44,900 foreclosure starts in May, down 8.92 percent since April and 19.53 percent year-over-year (YOY). Nationwide, only 303,000 mortgages were in active foreclosure in May, down 11,000 since April and by 118,000 year-over-year. The national foreclosure rate for May was only 0.59 percent—the lowest rate in some 15 years.A little over 2 million properties were 30 or more days past due, or in foreclosure, as of May 2018. That total was down by nearly 30,000 month-over-month, and down by 177,000 year-over-year.Assuming the current rate of decline continues, Black Knight estimates that foreclosure inventories should hit the pre-recession average (measured between 2000-2005) by early Q3 2018.May also marked the fifth month in a row to see declining delinquencies. The total U.S. loan delinquency rate, measuring loans that are 30 or more days past due but not yet in foreclosure, was 3.64 percent for May. That marked a month-over-month decrease of 0.84 percent, and a year-over-year change of -4.08 percent, according to Black Knight.The top five states by non-current percentage include Mississippi (9.49 percent, down 6.55 percent YOY), Louisiana (7.47 percent, down 13.99 percent YOY), Alabama (6.56 percent, down 7.97 percent YOY), West Virginia (6.27 percent, down 8.19 percent YOY), and Florida (6.07 percent, up 16.55 percent YOY).The bottom five states by non-current percentage include Minnesota (2.29 percent, down 8.71 percent YOY), Washington (2.22 percent, down 19.99 percent YOY), North Dakota (2.21 percent, down 2.0 percent YOY), Oregon (2.12 percent, down 21.32 percent YOY), and Colorado (1.90 percent, down 10.21 percent YOY). Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Housing Market: Six Months After Tax Cuts Next: CFPB vs. PHH Dismissed: RESPA Enforcement Implications Black Knight Delinquencies Foreclosure Inventory Foreclosure Starts Foreclosures 2018-06-21 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago How Low Can Foreclosure Rates Go? David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] The Best Markets For Residential Property Investors 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago June 21, 2018 3,038 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Subscribe Tagged with: Black Knight Delinquencies Foreclosure Inventory Foreclosure Starts Foreclosures Sign up for DS News Daily Home / Daily Dose / How Low Can Foreclosure Rates Go? Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Whartonlast_img read more

The Week Ahead: Looking at Mortgage Loan Defect Levels

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Looking at Mortgage Loan Defect Levels This week, First American will release its Loan Application Defect Index that reflects estimated mortgage loan defect rates over time, by geography and loan type and also showcases market specific comparisons of mortgage loan defect levels. The index also estimates the frequency of defects, fraudulence, and misrepresentation in the information submitted in mortgage loan applications. The data releasing this week will focus on the findings for July.In June, the index indicated that the frequency of defects, fraudulence, and misrepresentation in the information submitted in mortgage loan applications decreased by 3.8 percent compared with the previous month. The defect index for refinance transactions was down 2.8 percent compared with the previous month and 1.4 percent lower than a year ago. “Only five major metropolitan markets experienced an increase in overall defect, fraud and misrepresentation risk compared with a year ago. Many markets experienced significant declines of 10 percent or more,” said Mark Fleming, Chief Economist at First American.Here’s what else is happening in The Week Ahead:S&P CoreLogic Case Shiller HPI, Tuesday, 9 a.m. ETMBA Mortgage Apps, Wednesday, 7 a.m. ETNAR Pending Home Sales Index, Wednesday, 10 a.m. ETConsumer Confidence Survey, Wednesday, 9 a.m. ETFreddie Mac Primary Mortgage Monitor, Thursday, 9 a.m. ETLearn more about Loan Defect Trends:Loan Defects Up Since 2017 Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home Prices Homeownership Technology 2018-08-26 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Home Prices Homeownership Technology Previous: The Art of Networking and Winning at a Conference Next: Getting Millennial Borrowers on the Right Path Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post August 26, 2018 1,245 Views Home / Daily Dose / The Week Ahead: Looking at Mortgage Loan Defect Levels About Author: Radhika Ojha Sign up for DS News Daily Share Savelast_img read more

Texas Officials: Get Moving on Harvey Relief Money

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Texas Officials: Get Moving on Harvey Relief Money in Daily Dose, Featured, Government, Loss Mitigation, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily George P. Bush Gov. Greg Abbott HUD hurricane harvey John Cornyn Michael Cloud Ted Cruz Texas Officials 2019-02-05 Donna Joseph The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Fannie Mae Survey: Big Banks vs. Big Tech Next: “Renting More Affordable in Most U.S. Counties,” Says Economist Subscribe The Best Markets For Residential Property Investors 2 days ago Related Articles Home / Daily Dose / Texas Officials: Get Moving on Harvey Relief Moneycenter_img  Print This Post About Author: Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Tagged with: George P. Bush Gov. Greg Abbott HUD hurricane harvey John Cornyn Michael Cloud Ted Cruz Texas Officials February 5, 2019 1,277 Views Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago High-ranking Texas officials including Gov. Greg Abbott is calling on the federal government to establish rules that will allow for the flow of $4.3 billion to the state for Hurricane Harvey recovery, as reported in The Eagle.The article pointed out that Texas has been awaiting guidelines from U.S. Department of Housing and Urban Development (HUD), and the Office of Management and Budget, for the use of grant funds for projects meant to help kickstart storm resiliency initiatives in Harvey-impacted communities. The officials also urged the establishments to be more proactive in their approach to have appropriate systems in place, well in advance of the next hurricane season, which begins in June.Last week, Texas Land Commissioner, George P. Bush said that he did not receive a response to his letter to the President asking for him to intervene, from the then-OMB Chief Mick Mulvaney, who is now President Donald Trump’s acting Chief of Staff. The delay in response is as an indication that the General Land Office (GLO), responsible for overseeing Harvey recovery, could not execute a “state action plan” dictating how the funds may be used, he stated. On Monday, Houston-area members of Congress, in a letter, urged OMB Acting Director Russell Vought to “expedite the approval of the rules at HUD that will define mitigation projects for Community Development Block Grant disaster recovery grants.” The letter was signed by Gov. Greg Abbott and Texas’ two U.S. senators, John Cornyn and Ted Cruz, along with the entire Houston congressional delegation, and U.S. Rep. Michael Cloud of Corpus Christi. The Congress had approved $4.3 billion last February for Texas as part of a HUD grant program designed to help communities, especially in low-income areas. Texas officeholders wrote that the rules have not yet been published despite the collaboration between the GLO and HUD. “As a result, the GLO has been significantly delayed in drafting a State Action Plan for the funds, the critical next step at the state level before the grants can begin to flow.” Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

HUD Allocates $2.3B for Disaster Relief Efforts

first_img Demand Propels Home Prices Upward 2 days ago The U.S. Department of Housing and Urban Development (HUD) announced the allocation of more than $2.3 billion to support long-term disaster recovery process in 15 states, including Puerto Rico, the U.S. Virgin Island, American Samoa, and the Commonwealth of the North Mariana Islands. Funds are supported through HUD’s Community Development Block Grant and will address damaged housing, businesses, and infrastructure from disasters that have occured since 2017.The program requires grantees to develop recovery plans informed by local residents. “Today, we take another important step to ensure those hardest-hit by recent disasters can fully recover,” said HUD Secretary Benjamin Carson. “The grants awarded today will help these local communities continue the recovery process of rebuilding their homes, restoring their businesses and repairing their critical infrastructure.”California received the most funds from this announcement, bringing in $525 million for disasters that occured in 2018. The state has received a total of more than $1 billion over the past two years. Puerto Rico will reportedly receive $277 million, on top of the $19.9 billion it received for disasters linked to 2017. The island has been granted more than $20 billion stemming from disasters in 2017. HUD announced earlier this year it granted the island $8.2 billion as it continued to recover from 2017’s Hurricane Maria. “This is an unprecedented investment and since Puerto Rico has a history of fiscal malfeasance, we are putting additional financial controls in place to ensure this disaster recovery money is spent properly,” Carson said of the allocation of funds. “With stringent HUD oversight, these dollars should have a real, lasting impact on Puerto Rico and help our fellow citizens who are struggling to recover from these devastating storms.”HUD said that its approval of Puerto Rico’s action plan makes the island nation eligible for Congressionally appropriated disaster relief funds which will be awarded through HUD’s grant programs.Texas received more than $212 million to recover from disasters in 2019. Other states to receive funds for disasters in 2019 were Arkansas ($8.9 million); Iowa ($96 million); Missouri ($30 million); Nebraska ($108 million); Ohio ($12 million); and Oklahoma ($36 million).  The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Loss Mitigation, News  Print This Post Subscribe HUD hurricanes Natural Disasters Puerto Rico 2019-12-04 Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Share Save Previous: “Areas of Concern” Ahead for Future Economic Downturn Next: Cybersecurity an Escalated Priority for Mortgage Industry December 4, 2019 2,497 Views Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago HUD Allocates $2.3B for Disaster Relief Efforts Demand Propels Home Prices Upward 2 days ago About Author: Mike Albanese The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Tagged with: HUD hurricanes Natural Disasters Puerto Rico Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / HUD Allocates $2.3B for Disaster Relief Efforts Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Action needed to improve farm incomes – Harkin

first_img Previous articleSecurity alert ongoing in MagheraNext articleMc Hugh pledges to support efforts to tackle Maghery erosion admin Twitter Action needed to improve farm incomes – Harkin WhatsApp News, Sport and Obituaries on Wednesday May 26th Three factors driving Donegal housing market – Robinson Pinterest Homepage BannerNews Pinterest Help sought in search for missing 27 year old in Letterkenny Facebook RELATED ARTICLESMORE FROM AUTHORcenter_img By admin – September 4, 2015 Google+ Facebook A North West MEP says politicians who have consistently tended to exaggerate the prospects for Irish agriculture have a major responsibility to the country’s farmers to being in measures to improve farm incomes.Speaking ahead of a farmers’ protest in Brussels next week, Independent MEP Marian Harkin says there is an onus on politicians both at EU and National level to bring forward the emergency measures necessary to stabilise the current situation.She says it’s not enough to blame world prices and oversupply in the market, particularly when many problems are being caused by public policy.Ms Harkin says stabilisation measures have been introduced in France and Belgium, and that should also happen here………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/09/mhfarmincomes.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 448 new cases of Covid 19 reported today Twitter WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Google+ Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more

Man charged in connection with Letterkenny stabbing back in court today

first_img Three factors driving Donegal housing market – Robinson Man charged in connection with Letterkenny stabbing back in court today Calls for maternity restrictions to be lifted at LUH Twitter Google+ Guidelines for reopening of hospitality sector published Facebook Previous articleLetterkenny IT could become part of a “Regional Technological University”Next articleThree of the counties six civic amenitie sites to go out to contract News Highland WhatsApp Pinterest Twitter Pinterestcenter_img Help sought in search for missing 27 year old in Letterkenny Google+ Facebook There was tight security at Letterkenny Courthouse this morning as a man appeared in connection with the stabbing of four people including a Garda outside a local nightclub.46-year-old John Boyle was charged with four different counts of assault causing harm. He was also charged with the illegal possession of a knife.The attack happened outside Vodoo Nightclub on Lower Main Street around 1am on August 14th last.As a result of the attack a Garda Sergeant and three nightclub doormen were stabbed and to recieve treatment at Letterkenny General Hospital.The court was told today that a file on the matter is almost completed.Boyle will appear again before Letterkenny Court on November 17th. News NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp 448 new cases of Covid 19 reported today By News Highland – September 15, 2011 RELATED ARTICLESMORE FROM AUTHORlast_img read more

O’Domhnaill calls for 75% of Ireland’s overseas budget to be diverted

first_img Three factors driving Donegal housing market – Robinson Pinterest By News Highland – December 19, 2012 Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Twitter Facebook Facebook WhatsAppcenter_img A Donegal Senator is calling for 75% of Ireland’s overseas Aid budget to be frozen for three years with the money instead diverted to Families, Carers and Child Benefit.Senator Brian O’Domhnaill says that’s the proportion of Ireland’s Aid budget goes to the EU, UN, World bank and other institutions including corrupt Governments. He argues that the proportion of the money which goes to NGOs such as Trocaire should be retained, and the rest used at home.He says Ireland borrows the money for the aid budget, and those funds could be better spent on reversing cuts implemented in Budget 2013:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/000brian.mp3[/podcast] News Previous articleProtests expected as Donegal County Council holds budget meetingNext articleEU Fisheries Committee accepts key CFP amendments – Cope News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH O’Domhnaill calls for 75% of Ireland’s overseas budget to be diverted Google+ Guidelines for reopening of hospitality sector published Google+last_img read more

Hundreds attend meeting calling for the retention of Bunbeg post offce

first_img WhatsApp Hundreds attend meeting calling for the retention of Bunbeg post offce LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Twitter Google+ Google+ WhatsApp Over 200 people turned out in Bunbeg this week for a meeting to show support for the local post office.Fears have been raised recently about the future of the post office, after An Post confirmed that it was considering its closure.The threat comes following the retirement of the local postmistress in the parish who hasn’t been replaced.At the meeting in Gweedore a committee was set up, and Local Election candidate John Ferry said there is renewed hope that the post office can be saved:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/02/jferryPOST.mp3[/podcast] News RELATED ARTICLESMORE FROM AUTHOR Twittercenter_img Calls for maternity restrictions to be lifted at LUH Pinterest Previous articleDonegal escapes worst of the weather but further south floods – power and phones outNext articlePolice appeal after claims of ‘sinister’ approach to 12 year-old boy in Strabane News Highland By News Highland – February 5, 2014 Facebook Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

920,000 households have now registered with Irish Water

first_img RELATED ARTICLESMORE FROM AUTHOR Pinterest Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also Twitter Google+ The Environment Minister says 920,000 households have now registered with Irish Water.Alan Kelly’s also told the Dáil that 513,000 water meters have now been installed across the country with a new one put in every 30 seconds.He’s introducing legislation in the Dáil to implement the new water charges regime – including the two charge structure and the 100 euro conservation grant for every household that registers.Minister Kelly says more legislation will be needed to impose penalties on those who refuse to pay:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/12/12kell1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Dail hears questions over design, funding and operation of Mica redress scheme 920,000 households have now registered with Irish Water Google+ Pinterest Homepage BannerNewscenter_img By News Highland – December 4, 2014 Minister McConalogue says he is working to improve fishing quota 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report WhatsApp Previous articleDerry and Belfast arrests linked with dissident investigationsNext articlePearse Doherty confirms no confidence motion in An Taoiseach News Highland Dail to vote later on extending emergency Covid powers WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Twitterlast_img read more