Morning Roundup (1/24/2022)– 2022 Forecast, Record Rent And Mortgage Growth

Good Morning! Today is Monday, January 24. Biden is considering sending troops to Eastern Europe in response to fears of a Russian incursion into Ukraine. Virginia’s Republican attorney general fired a top Jan. 6 investigator from his job at the University of Virginia. The Kansas City Chiefs beat the Buffalo Bills, and the LA Rams beat the Tampa Bay Buccaneers.


Finding A Mortgage On Your Phone: The typical American spends between five and six hours a day on their mobile phone, so mortgage companies are developing new technologies to help them meet consumers where they are.

Freddie Mac Forecast: Purchases Up, ReFi’s Down in 2022: Freddie Mac’s latest Quarterly Forecast predicts that rising rates will lead to moderation in homebuyer demand, slowing house price growth somewhat.

Rents And Mortgage Payments See Record Growth: Both rents and mortgage payments saw record annual growth in December, but mortgages continue to outpace rent growth in most metros, Redfin found.

Other Industry Highlights…

Is There A Bubble?: More than 75% of buyers and sellers believe there’s a housing price bubble in the area where they live, but only 44% of real estate agents agree, a Redfin survey found.

“Appraising The Appraisals”: New Fannie Mae research evaluates appraisal values of homes owned by Black and white borrowers refinancing their homes. 

Rental Resurgence: The rental vacancy rate dropped to 5.8% as demand came roaring back in the second year of the pandemic, according to JCHS’ America’s Rental Housing 2022 report.

Canadian Luxe: Demand for Canadian luxury properties surged in 2021 as both domestic and non-resident consumption of tangible assets reached new levels, according to a report by RE/MAX Canada.

UWM: UWM Holding Corporation announced Blake Kolo has been named Head of Investor Relations in addition to his current position as Chief Business Officer at UWM.

Take A Guess: This is the most overpriced housing market in America.