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Next year is the year for Millennials to dominate the housing market, at least that's what realtor.com predicts in its 2016 housing forecast report.
According to realtor.com, Millennials are expected to make up the largest demographic of homebuyers in 2016, representing 30% of the existing home market.
And when it comes to shopping for a home, the report said that Millennials will seek out areas that meet the needs of their growing families – putting the most weight on the safety of the neighborhood and the quality of the home.
As a result, realtor.com said it expects these five housing markets to be some of the most sought-after for millennial homebuyers in 2016 due to their large numbers of millennials, strong employment growth and relative affordability.
5. Columbus, Ohio
4. Charlotte-Concord-Gastonia, North Carolina South Carolina
3. St. Louis, Missouri/Illinois
2. Denver-Aurora-Lakewood, Colorado
1. Atlanta-Sandy Springs-Roswell, Georgia
In addition, realtor.com also reported on 10 real estate markets to watch in 2016 for any age demographic.
Read more: Millennial wish list: The top 5 trendy housing markets for 2016
Freddie Mac announced Wednesday that it completed its eighth Structured Agency Credit Risk Series credit risk-sharing deal of 2015, and announced that it plans to offer eight more STACR deals in 2016.
Freddie Mac’s eighth STACR deal of this year was its second risk-sharing deal that featured the actual-loss position on loans with loan-to-value ratios ranging from 80% to 95% earlier this year.
The higher LTV offering was part of Freddie Mac’s HQA series. Freddie Mac said in its announcement that it plans to offer four high-LTV STACR deals as part of its HQA series in 2016.
Freddie Mac also said that it will offer four STACR deals featuring the actual-loss position in 2016 as part of its DNA series.
"The issuance calendar is the next step in our efforts to be clear and transparent in our credit risk transfer offerings," said Freddie Mac Vice President of Credit Risk Transfer Mike Reynolds. "The STACR program has grown from two issuances in its first year to eight this year. We expect to have eight STACR transactions in 2016, and the calendar is intended to help investors plan their allocations."
Click the image below to see the 2016 STACR issuance calendar from Freddie Mac.
According to a release from Freddie Mac, it has now completed 17 STACR offerings, as well as two Whole Loan Security offerings and 12 Agency Credit Insurance Structure transactions since mid-2013.
Through STACR, WLS and ACIS, Freddie Mac has transferred a substantial portion of credit risk on more than...
Read more: Freddie Mac completes 8th STACR deal of 2015, plans 8 more in 2016
Sen. Bob Corker (R-TN) is in the spotlight for alleged insider trading after the Wall Street Journal started asking questions about his ties to a REIT and Yahoo published an article detailing his ties to other real estate companies. Per Yahoo:
Bethany McLean, a contributing editor at Vanity Fair and bestselling author, wrote the Yahoo article that attempts to unravel the complex story behind Corker's involvement with a company called CBL & Associates Properties (CBL), which is one of the country’s largest shopping mall REITs.
According to the article, Corker, his wife and daughters made approximately 70 "opportune and very profitable trades" in the stock of a company called CBL & Associates Properties.
The article noted that the senator told Yahoo Finance several years ago that he had a Bloomberg terminal.
Corker has blamed his accountants for a technical mistake involving the use of a methodology that didn’t require disclosure of the date of purchase. His spokesperson downplayed the CFA complaint and added that "these baseless accusations from a political special interest group are categorically false and nothing more than a smear campaign."
It’s true that the picture is far from complete, but there’s another element worth noting. In its complaint, the CFA suggests UBS was a likely source of tips. But if Corker has benefited from buying and selling CBL, there’s an argument that the company has also benefited from its relationship with the senator.
The article is a...
Read more: Sen. Corker’s real estate investments in question
Brena Swanson is the Digital Reporter for HousingWire.com, providing expert coverage on Millennials, lending and housing. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content Specialist. Brena graduated Evangel University in Springfield, Missouri.
There will be nearly 6 million more Hispanic households in 2024 than in 2014, according to the Mortgage Bankers Association, and if you aren’t prepared to help them, you will get left behind.
In an earlier HousingWire webinar, we shed light on how to reach the largest generation of borrowers, Millennials. Contrary to popular belief, this generation does want to buy homes, but it won’t be in the same way as their predecessors. Millennials demand social media, online banking — and yes, online mortgages. (Click here to purchase the full webinar)
This time around we are focusing on another group of borrowers that are ready to jump into homeownership. But unlike Millennials, they don’t need any convincing to start buying homes. Instead, they need help from lenders to better meet their needs.
HousingWire’s upcoming webinar “Reaching underserved borrows: Hispanics seeking the American Dream of homeownership,” was created to help with this exact issue. (Click here to register)
As a result, HousingWire gathered panelists from the National Association of Hispanic Realtors, which is the voice for Hispanic real estate, and New American Funding, which is dedicated to reaching out to...
Read more: [Webinar] Hispanics want to own homes, but are lenders ready?