Atrius Group, Inc.

08/01/2018

“The cost to rent and buy has become particularly acute in major markets...”

Plans to buy a home in the next six months have tumbled to the lowest level since June 2016.

01/12/2018

Housing Market (Buffalo, NY) - A "radical transformation" with record rising home values and short supply.

http://buffalonews.com/2018/01/12/david-robinson-why-the-buffalo-niagara-housing-market-is-red-hot/

12/04/2017

Beyoncè, Jay-Z take out $52 million mortgage from Goldman Sachs. They put 40% down and have a monthly payment of $146,000 on their new LA home.

https://www.housingwire.com/articles/41963-beyonc%C3%A8-jay-z-take-out-52-million-mortgage-from-goldman-sachs?eid=348143503&bid=1938870

10/31/2017

“....wages.... growing at a little over 2%.... (and) 15 of 20 major U.S. cities experienced home price growth of 5% or higher.”

In August, 15 of 20 major cities experienced home price growth of 5% or higher: double the average wage growth. And then there was Seattle...

10/16/2017

Goldman Sachs to buy mortgage lender Genesis Capital

http://www.reuters.com/article/us-goldman-sachs-m-a-genesis-capital/goldman-sachs-to-buy-mortgage-lender-genesis-capital-idUSKBN1CH2J4

08/26/2017

Expanding the use of analytics in the mortgage industry. https://www.housingwire.com/articles/41097-appraisers-raise-concerns-over-fannie-freddie-automated-appraisals

06/08/2017

ARTICLE - 3 million first-time homebuyers have been shut out of the market.

There were an average of 1.5 million first-time homebuyers a year in the last decade, according to a new report from Genworth Mortgage Insurance. That's far less than the historical average of 1.8 million a year.

http://money.cnn.com/2017/06/08/real_estate/first-time-home-buyer-missing/index.html?source=linkedin

05/08/2017

SCOTUS rules 5-3.

Cities have standing to claim harm in court when banks employ predatory lending practices which negatively impact their communities.

Majority agrees that Fair Housing Act applies, but justices decide lower court was wrong in saying Miami had shown enough cause for case to proceed.

04/21/2017

Imagine the economic impact if banks begin to tighten up on 30 year loans for coastal properties.

https://www.bloomberg.com/news/features/2017-04-19/the-nightmare-scenario-for-florida-s-coastal-homeowners

“The future of our coastline is completely doomed. The question is, how long will we have?”

01/11/2017

Fallout of Purchase Money Contracts on the rise, particularly for cheaper & older homes. Strict underwriting? Low appraisals? Inspection issues? Rising rates?

https://www.bloomberg.com/news/articles/2017-01-11/suddenly-home-sale-agreements-are-falling-apart-across-the-u-s

01/09/2017

"Closing times for purchase loans averaged 47 days in 2016, according to information origination system provider Ellie Mae gets from its users. Even the conventional loans that are usually the easiest to close, the average timeline is just two days shorter."

http://www.nationalmortgagenews.com/news/origination/why-lenders-are-shooting-for-a-21-day-turn-time-1094447-1.html

10/21/2016

Miami luxury condo prices take a plunge - Prices down 30% YOY and sales tumble 25%

http://www.cnbc.com/2016/10/19/miami-luxury-condo-prices-take-a-plunge.html