1. Why voters hate the Obama economy
“Americans are deeply dissatisfied with President Obama’s economy.”
2. Mortgage credit availability drops again
“Mortgage credit availability dropped in October according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association.”
3. U.S. justices wrestle over homeowners’ bid to rescind mortgage
“Nov 4 (Reuters) – The U.S. Supreme Court on Tuesday appeared conflicted on how to decide which process struggling homeowners need to follow if they want to back out of mortgages from lenders they accuse of failing to follow a federal “truth in lending” law.”
4. Does a GOP Senate Victory Mean Trouble for the Fed? (VIDEO)U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn
“If the U.S. Senate experiences a Republican takeover on Election Day, the Federal Reserve could face increased scrutiny. WSJ’s Victoria McGrane and Simon Constable discuss.”
5. U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn
“Robust economic growth has helped push the U.S. budget deficit down to the lowest level since 2008, marking the sharpest turnaround in the government’s fiscal position in at least 46 years.”
6. Baby Boomers plan to upsize, not downsize, if they move at all
“The iconic suburban, single-family American home isn’t going anywhere – and neither are their Baby Boomer owners. Contrary to common belief, the post-World War II generation will not be trading home ownership for renting, suburbs for cities, or yards and gardens for more maintenance-free living.”
7. Purchase Apps Up, Refis Down in MBA Weekly Survey
“Nov. 5, 2014–MBA Staff
Overall mortgage applications fell from one week earlier despite an uptick in purchase applications, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 31.”
8. CoreLogic: ‘Clear Bifurcation’ in Home Price Growth
“Nov. 5, 2014–Sorohan, Mike msorohan@mba.org
CoreLogic, Irvine, Calif., said home prices rose by 5.6 percent year over year in September and said national home prices are expected to slow to a 5 percent rate by next year.”
9. Rent Growth Vs. Job Growth Vs. Pipeline
“Nov. 5, 2014–Tucker, Michael mtucker@mba.org
Job growth is the strongest driver of apartment rent growth, but the supply pipeline–and renter demand–also hold a powerful pull on rent trends, analysts say.”
10. Goldman Sachs: Do these charts show housing heading for a bubble?
“In a note to clients, Goldman Sachs (GS) looks asset prices in housing and equity markets, given that equity markets are back at near-historic highs and some are sounding the alarm about a potential housing bubble.”
11. US Housing Rebound Puts Spotlight on Real Estate
“With a US housing recovery in full swing, this may be a good time for investors to consider securities backed by residential real estate. We think they’re an attractive way to diversify exposure to high-yield bonds and other risk-seeking assets.”
12. 3 lessons learned from the mortgage rate drop
“Mortgage rates are back to the highest level in a month, and if news from the U.S. economy stays positive, they could edge ever higher. While the brief drop a few weeks ago, due to concerns over global economic growth, may already seem like a distant memory, we should take a hard look back nonetheless.”