Real Estate News

The latest Real Estate News is available online. HousingWire’s Real Estate News coverage focuses on top information and trends, from home prices and sales to new government policies. Keeping up with current trends in real estate can be essential for any investor. But, it’s also important to know when a trend is likely to become a trend. This is where real estate news can help. There is a plethora of online real estate news sources available.

San Francisco Bay Area rents

The San Francisco Bay Area rental market continues to fall, and it may never stop. It’s a city of dreamers, after all. Last month, however, rents began to rise. This could be a good time to rent a

San Francisco apartment. The median rent for a one-bedroom apartment in the Bay Area is $3,500. This is well below the national average. But don’t let this discourage you.

While the Bay Area rental market is recovering from a nine-month free fall, rents in San Francisco are still higher than the national average. One bedroom rentals in San Francisco are now nearly one-fourth the cost of a comparable apartment in New York City. This means that renters are still able to take advantage of deals to find their dream apartment. But if the housing market continues to drop, rental prices are unlikely to decrease anytime soon.

Sacramento’s housing boom

While many other parts of the state have experienced housing bubbles and busts, Sacramento has remained relatively stable in terms of housing prices and construction. Unlike many other expensive coastal cities, where the housing boom and bust cycles have been accompanied by significant construction holdbacks, Sacramento’s housing market has generally kept pace with demand. In addition, the region’s low cost of living has made the city very attractive to first-time homebuyers and renters alike.

As the Fed cut interest rates to historically low levels, promoting buying activity, Sacramento is experiencing a real housing boom. More property news are looking to move here than ever before, with an inventory level that is significantly lower than SF. As a result, Sacramento has one of the healthier housing markets in California. Although the housing market in Sacramento continues to be highly competitive, it remains well-maintained. As long as there are no major obstacles in the way, it’s safe to buy.

Foreclosure inventory

The foreclosure inventory represents the number of homes currently in the foreclosure process.

Foreclosures are total losses due to foreclosure. Since the financial crisis began in September 2008, there have been about 8.3 million foreclosures nationwide. As of April 2016, the foreclosure inventory in the U.S. was 406,000, down from 530,000 in April 2015. This number is the lowest since September 2007.

Experts are predicting an uptick in foreclosure activity until the end of 2022, a few years from now. According to ATTOM Data Solutions, the number of foreclosed homes will increase 34% during the third quarter of 2021 and 67% in the third quarter of 2020. As the demand for foreclosed homes diminishes, the market will return to normal levels. But, the slowdown in residential construction is likely to prolong the shortage of homes.

New lending guidelines

The New Lending Guidelines for Real Estate require insured depository institutions to have written policies and procedures that govern the origination, approval, and disposition of loans in the real estate sector. These policies should include limits on loan-to-value and other standards that are consistent with supervisory guidelines. Institutions should also establish procedures for loan administration, including loan documentation, disbursement, and collateral inspection. Management should monitor its loan portfolio and provide timely and adequate reports to its board of directors.

The FDIC issued its final guidelines on real estate lending policies, which aligned lending standards with community bank leverage ratios. However, the final rule did not require electing institutions to calculate tier 2 capital, which is a key component of a soundness standard. The rule is a welcome change to the existing guidelines. It is essential for borrowers to understand the new lending guidelines, as they can affect the amount of money they borrow to purchase a home.