Top-heavy housing market is crowding out the little guys

Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys Bloomberg, June 22, 2017–Michelle Jamrisko The supply that is being added to the market has been lopsided, with more affordable homes getting short shrift as builders play to the luxury market.

New-home sales declined more than forecast in December

The U.S. housing market is looking a little top-heavy these days. Beneath a steady May existing home-sales number that helped put to rest fears that the busy selling season had perhaps hit a lull, the lingering supply issues haunting the industry could be making the market less stable as it continues to limit entry for lower-end buyers.

Top heavy housing market crowding out the little guys (bloomberg.com) More renters now home shopping. In 1Q17 55% of mortgage shoppers weren’t homeowners (housingwire.com) Half of consumers unable to answer basic questions about mortgage qualifications (fanniemae.com) Google buying homes to help attract and keep talent (strategy-business.com)

Fed’s Powell says current US housing finance system ‘unsustainable’ The U.S. housing finance system continues to put taxpayers at risk in a market dominated by government-backed agencies, Federal Reserve Governor Jerome Powell said on Thursday, calling for further reform of an "unsustainable" situation.

Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys – Top-Heavy U.S. Housing Market Is Crowding Out the Little Guys Michelle Jamrisko Jun 22 2017, 9:00 AM Jun 23 2017, 3:07 AM June 22 2017, 9:00 AM june 23 2017, 3:07 AM

top-heavy u.s. housing market is crowding out the little guys The supply of homes for sale inched up to 4.2 months from 4.1 months, while remaining below the five months that the group considers a tight market.

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Consumers expecting lower mortgage rates less optimistic about buying "Job confidence reached a new survey high, but consumers were less optimistic about home buying and selling conditions than they were a year ago. "Notably, home price growth expectations have trended significantly downward, with the net share of consumers expecting home prices to rise falling 19 percentage points from its survey high established at the start of 2018," Duncan said.

A modern day feudal system for real estate – Wall Street and large real estate investors crowding out entry level buyers to hike up rents and outbidding buyers. There is an interesting dynamic unfolding in the housing market .

People on the move: Dec. 14 New-home sales declined more than forecast in December People on the move: Dec. 30-Jan. 3 | Healthcare IT News – Among this week’s people on the move, kaiser permanente welcomes a new chairman of the board and Cover Oregon’s director resigns. People on the move: Dec. 30-Jan. 3 | Healthcare IT News Skip to main content

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The latest report from Freddie Mac shows that despite some recent bumps, the U.S. housing market remains on track to exceed last year’s best-in-a-decade levels for housing starts and home sales. Highlights from the June outlook released last week include: May marked the 80th consecutive month of job gains.