some "not all the surprising" observations from Zillow....
Denver is the third best market for home sellers, according to Zillow. There weren’t many listings that cut prices, plus the time each listing spent on Zillow was less than almost anywhere else over the past year.
In fact, bidding wars were more common in Denver, says Zillow. That’s something that Estately researchers agree with — they found that Denver was among the 15 major cities with the most home sales over listing price.
But that doesn’t mean that everyone is overbidding. Estately found that 21 percent of homes sold for above their listing price in January. That’s on part with the quarter or so percent of people who bought a home for more than list price last week.
Plus, Aurora actually had more home sales for above listing price than Denver did: 27.9 percent.
Seems like most buyers are moving fast though. Redfin found that Denver was the “fastest market” among major metropolitan areas because homes were pending sale within 23 days or less on average.
With inventory plunging 28.1 percent, according to Redfin, selection is the main problem in Denver. Hm, where have you heard that before?
Monday, February 27, 2017
Goldman expects U.S. mortgage rates to jump 150 bps by 2019
from yahoo finance...
NEW YORK, Feb 17 (Reuters) - Goldman Sachs analysts said on Friday they expected U.S. 30-year conventional mortgage rates to rise 150 basis points to about 5.5 percent by 2019, in step with an increase in benchmark Treasury yields and investors demanding higher compensation to own mortgage-backed securities.
Conventional mortgages are home loans guaranteed by federal agencies Fannie Mae and Freddie Mac, which were taken over by the federal government in 2008 during the global credit crisis.
There has been speculation the administration of President Donald Trump may push for mortgage finance reform which includes changing roles for Fannie and Freddie and possibly a phase-out of the two government-sponsored enterprises (GSEs).
In 2013-2014, a number of bills were introduced for reforming the GSEs, including one from Senators Tim Johnson and Mike Crapo. They provide potential templates for future reform, Goldman analysts Marty Young and Alec Phillips wrote in a research note.
"These proposals varied significantly according to the extent to which the government would still play a role in backstopping mortgage debt," they said.
Under the Johnson-Crapo proposal named Housing Finance Reform and Taxpayer Protection Act of 2014, Fannie and Freddie would be wound down and replaced by another government agency that insures mortgages and issue MBS with private sector entities taking first 10 percent principal losses for each portfolio of loans.
If mortgage finance reform undergoes the changes similar to the Johnson-Crapo plan, mortgage rates may climb 50 basis points due to higher costs to compensate private sector guarantors for the loans.
"Costs would also need to rise in order to pay the proposed explicit government reinsurance fee, a backstop which today is unpriced," Young and Phillips said.
They added any law on housing finance reform will unlikely be enacted before 2018.
NEW YORK, Feb 17 (Reuters) - Goldman Sachs analysts said on Friday they expected U.S. 30-year conventional mortgage rates to rise 150 basis points to about 5.5 percent by 2019, in step with an increase in benchmark Treasury yields and investors demanding higher compensation to own mortgage-backed securities.
Conventional mortgages are home loans guaranteed by federal agencies Fannie Mae and Freddie Mac, which were taken over by the federal government in 2008 during the global credit crisis.
There has been speculation the administration of President Donald Trump may push for mortgage finance reform which includes changing roles for Fannie and Freddie and possibly a phase-out of the two government-sponsored enterprises (GSEs).
In 2013-2014, a number of bills were introduced for reforming the GSEs, including one from Senators Tim Johnson and Mike Crapo. They provide potential templates for future reform, Goldman analysts Marty Young and Alec Phillips wrote in a research note.
"These proposals varied significantly according to the extent to which the government would still play a role in backstopping mortgage debt," they said.
Under the Johnson-Crapo proposal named Housing Finance Reform and Taxpayer Protection Act of 2014, Fannie and Freddie would be wound down and replaced by another government agency that insures mortgages and issue MBS with private sector entities taking first 10 percent principal losses for each portfolio of loans.
If mortgage finance reform undergoes the changes similar to the Johnson-Crapo plan, mortgage rates may climb 50 basis points due to higher costs to compensate private sector guarantors for the loans.
"Costs would also need to rise in order to pay the proposed explicit government reinsurance fee, a backstop which today is unpriced," Young and Phillips said.
They added any law on housing finance reform will unlikely be enacted before 2018.
Shape-shifting house that morphs to deal with changing times of day, seasons and weather conditions
interesting concept from dezeen.com
Shape-shifting house that morphs to deal with changing times of day, seasons and weather conditions
The Dynamic D*Haus by The D*Haus Company
UK designers David Ben Grünberg and Daniel Woolfson have devised a concept for a shape-shifting house that morphs to deal with changing times of day, seasons and weather conditions (+ movie).
Woolfson and Grünberg launched The D*Haus Company to develop the concept for the experimental house, which would fold into different configurations so that it can take on up to eight different shapes.
The house was first conceived as part of Grünberg's graduation project. "It was originally devised as a home for Lapland to deal with extreme temperatures," Woolfson told Dezeen. "Not many people know it, but they have warm summers and also really cold winters." He went on to explain how they've since developed the concept so that the house could be used anywhere in the world.
The designers developed the form of the house around the mathematical formula calculated by Henry Dudeney to transform an equilateral triangle into a square, which splits the building into four separate modules.
Rooms would fold out on rails so that interior partitions become exterior walls during warmer seasons, plus the whole building would also be able to rotate to follow the direction of the sun across the day. "We're still deciding how it would work in reality," said Woolfson.
The designers are presenting their initial research and a model of the house at an exhibition at Anise Gallery in London.
We've featured a few moving buildings on Dezeen, including one with a facade that flaps like the wings of an insect.
Shape-shifting house that morphs to deal with changing times of day, seasons and weather conditions
The Dynamic D*Haus by The D*Haus Company
UK designers David Ben Grünberg and Daniel Woolfson have devised a concept for a shape-shifting house that morphs to deal with changing times of day, seasons and weather conditions (+ movie).
Woolfson and Grünberg launched The D*Haus Company to develop the concept for the experimental house, which would fold into different configurations so that it can take on up to eight different shapes.
The house was first conceived as part of Grünberg's graduation project. "It was originally devised as a home for Lapland to deal with extreme temperatures," Woolfson told Dezeen. "Not many people know it, but they have warm summers and also really cold winters." He went on to explain how they've since developed the concept so that the house could be used anywhere in the world.
The designers developed the form of the house around the mathematical formula calculated by Henry Dudeney to transform an equilateral triangle into a square, which splits the building into four separate modules.
Rooms would fold out on rails so that interior partitions become exterior walls during warmer seasons, plus the whole building would also be able to rotate to follow the direction of the sun across the day. "We're still deciding how it would work in reality," said Woolfson.
The designers are presenting their initial research and a model of the house at an exhibition at Anise Gallery in London.
We've featured a few moving buildings on Dezeen, including one with a facade that flaps like the wings of an insect.
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