Just two weeks after declaring home prices are overvalued by 10 percent, Fitch Ratings said yesterday that December’s solid single family housing starts and an unexpected jump in multifamily starts are clear signals that 2013 should begin strongly for U.S. housing.
Continue reading…Friday, November 30, 2012
In addition to banks’ tight mortgage lending standards that were criticized by Federal Reserve Chairman Ben Bernanke two weeks ago, Fitch also said continued recovery in residential real estate prices will require regional improvements.
Continue reading…Wednesday, August 8, 2012
As interest grows in creating a marketplace to sell securitized blocks of single family rentals, similar to the securitization of mortgages, perhaps as early as this year, the authoritative ratings service Fitch Ratings today made it clear that the asset class poses some unique risks and that high investment grade ratings will be difficult to attain due to the lack of historical data and “ambitious growth strategies by regional operators”.
Continue reading…Tuesday, November 2, 2010
Not until March 1, 2014 will the last of the seven million properties that are currently delinquent, in foreclosure, or bank-owned finally return to life as homes or investments.
Continue reading…Wednesday, August 11, 2010
Another foreclosure listing site reported today that foreclosures are declining at an accelerating rate as subprime resets abate and unemployment, though high, remains relatively unchanged.
Continue reading…
Friday, January 18, 2013
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