Good Morning! Today is Tuesday, March 15. U.S. tech stocks and oil prices fell Monday as investors assessed new Covid-19 outbreaks in China. The police arrested a suspect in a series of shootings of homeless men in New York City and Washington, DC. Idaho passed an abortion bill similar to the one in Texas.
The Mortgage Note Reports
Funding Awarded To Help The Homeless: The U.S. Department of Housing and Urban Development has announced over $2.6 billion to fund roughly 7,000 local homeless housing and service programs throughout the country.
CoreLogic: Single-family rents increased by 12.6% YOY in January to reach another historic high, with Miami seeing 40% growth YOY.
Vacation Demand: Demand for vacation homes has cooled down after skyrocketing to near-record levels in January.
And in other mortgage and housing news…
Multifamily: Multifamily asking rents hit $1,628 and YOY growth was up by 15.4%, according to the latest Yardi Matrix Multifamily National Report.
Amazon Lends A Hand: Amazon has committed $42.5 million to help build affordable homes in the Puget Sound region.
PPI Up: The producer price index for final demand increased 0.8% after accelerating 1.2% in January, the Labor Department said.
Crystal Ball: Here’s what five economists and real estate pros predict will happen to home prices in 2022.
Work And Play: Multifunctional homes with features that accommodate both work and play are fetching even higher prices than the competition, Zillow found.
Hidden Gems: These normal-looking homes hide unbelievable interiors.