Freddie Mac: Threat of shadow inventory subsides, home prices rise

Freddie Mac: Threat of shadow inventory subsides, home prices rise

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 · The thin shadow inventory compared with rising home values has caused the share of distressed home sales to drop to single digits. Since there will be fewer properties sold at deep discounts, this.

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The Shadow Inventory:. Fannie Mae & Freddie Mac: The GSEs are virtually the sole source of liquidity in the mortgage market today. While this situation has propped up housing prices, it is mainly distorting mortgage interest rates by using a public subsidy to maintain low interest rates in.

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For residential practitioners, NAR’s forecast for 2013 looks like a return to normalcy, with healthy price appreciation, an increase in both existing- and new-home sales, and a drying up of the shadow inventory. Interest rates are expected to remain low, though inflation could put upward pressure on both rates and home prices.

Freddie Mac: Threat of shadow inventory subsides, home prices rise HousingWire, 8/8/12 "It’s often feared a shadow inventory of homes will flood the housing market derailing the fragile recovery that some now believe is under way. But a new report from Freddie Mac says this view may be too

Freddie Mac is an active, consistent issuer of high-grade multifamily securities. Multifamily investments feature transparency and consistency on collateral and deal information throughout the offering documents and through its investor tools.

That trend is already occurring with Freddie’s home price index rising 4.8% from March to June, the largest quarterly increase in 8 years. The national index also posted a year-over-year gain of 1%.

Once the lender sells the home, it must book a loss: the difference between the original purchase price and the current value. And since home values have fallen by nearly a third since the housing bust, that translates into huge losses for the bank.

Freddie Mac chief economist on threats to housing. as Nothaft recently wrote in a freddie mac blog post, his crystal ball predictions will "shatter" if U.S. lawmakers allow the country to.

 · The combination of a weak job market and a weak housing market is making the threat of foreclosures spread to areas that, in the past, were not affected. Florida alone has nine of the top 20 areas. In all, one in 78 homes received a foreclosure-related warning in the first six months of the year.

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