Here are the latest reports from The Wall Street Journals ‘Developments’.
Underwater Homeowners Concentrate In Minority Neighborhoods
The foreclosure crisis, while healing, is still ongoing in many parts of the country where homeowners are predominately black or populated by other minority groups.
Lennar Chief’s 5 Themes For Housing
One of the home-building industry’s leading chief executives on Wednesday outlined five themes for the housing market’s outlook, focusing on tight inventories, stringent mortgage standards and the preferences of millennials.
Principal Reduction: A Mortgage Quandary With No Easy Answers
Pretty much ever since he took the helm in January 2014, Federal Housing Finance Agency Director Melvin Watt has been under pressure from housing advocates and some lawmakers to allow mortgage-finance giants Fannie Mae and Freddie Mac to reduce the mortgage principal on at least some home loans.
Economists: Home Builders Neglecting Entry-Level Market
Nela Richardson, chief economist for brokerage Redfin Corp., and Selma Hepp, chief economist for Zillow Group’s Trulia real-estate website, both said builders aren’t constructing enough entry-level housing to meet demand. They’re focusing more of their resources instead, the economists said, on building pricey homes for buyers with ample credit.
Low Income and Underwater
Even in places where negative equity has mostly vanished, areas with lower median incomes are doing worse.
Economists Assign Blame For Housing Shortage
The national supply of homes for sale is getting squeezed by the small amount of equity millions of would-be sellers have in their properties and relatively weak output from home builders, according to economists speaking Friday at a real-estate conference in Miami.
Millennials Just Like the Rest of Us When it Comes to Home Renovations
Contrary to popular perception, younger people aren’t more keen on trendy upgrades such as green materials and smart technology when it comes to renovating their homes, a new survey finds.
Blessing in Disguise: Greece Crisis Could Cool Property Market
Greece appears to be slipping ever closer to an exit from the euro zone. While a potential catastrophe for the country, it might actually be a good thing for Europe’s booming commercial real-estate markets.
Greece Impact on Property Limited But Investors Are Concerned About Spain
So far, commercial real-estate analysts looking at Europe’s booming market are not too concerned that Greece’s turmoil will spread further afield.
Donald Trump’s Brand Takes a Haircut
The Donald Trump brand has been bruised so badly by the presidential candidate’s controversial remarks on Mexican immigration that some marketing and licensing experts question whether it will ever recover its former value.
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