Good Morning! Today is Tuesday, May 3. A leaked draft of a decision shows the Supreme Court is primed to overturn Roe v. Wade. Russia may try to annex the Donetsk and Luhansk regions through sham elections, U.S. officials said. Amazon workers at a Staten Island warehouse voted against joining a union, a setback for labor organizing efforts.
The Mortgage Note Reports
Price Growth Record: Home prices rose by 20.9% YOY in March, setting another record and marking the 122nd consecutive month of YOY home price increases nationally.
Xactus CTO: James Owens has joined Xactus, a verification company, as Chief Technology Officer.
Follow Us On Social Media: The Mortgage Note is on Facebook and Twitter.
And in other mortgage and housing news…
Black Knight: Home prices rose 3% in March, the fifth time in the pandemic era that prices rose by more than 2% in a single month, as affordability nears an all-time low.
Hotspot Inflation: Some of the hottest migration destinations for homebuyers –Phoenix, Tampa and Atlanta – have the highest inflation rates in the U.S., Redfin reported.
Affordable Housing Impact: In a study looking at Alexandria, VA, homes located within a block of affordable housing developments saw property values increase, not decrease.
Making A Safe Bet: Rogers Healy, CEO and Owner of Dallas real estate company Rogers Healy and Associates, says student housing is the “safest bet in real estate.”
Impact Of Profits: A former Freddie Mac CEO argues that historically high profits for mortgage lenders during the pandemic have led to primary vs. secondary market friction in policymaking.
Fannie Mae: Fannie Mae reported a net income of $4.4 billion in Q1 2022.
Berlin’s Impasse: Last fall, 59% of Berlin residents voted to nationalize housing stock, but city hall is slow to take steps due to party change-over and lobbying.
Presidents Roundtable: Former presidents of Ginnie Mae gathered to discuss lessons learned from their tenures and how they can inform Ginnie Mae’s growing role in providing accessible and affordable housing opportunities for all Americans.