New Listings...

[djd09]

Trump ends FHA COVID-era mortgage assistance​

Hike in delinquencies prompts bubble vibes among some experts​

Five years of COVID-era relief for federally-insured mortgages has helped millions of American homeowners retain their properties, while artificially inflating home prices and leading to the potential for Bubble 2.0, insist some experts who are hailing a decision from President Donald Trump’s administration, announced Tuesday, to end one program in September.

The move comes after President Joe Biden, days before leaving office, instructed the Dept. of Housing and Urban Development (HUD) to make the relief efforts permanent.

Critics of the Federal Housing Administration (FHA) COVID relief policy, which allows the agency to front payments on behalf of troubled borrowers, say it’s keeping unqualified borrowers in their homes without making a payment for two to three years, and delaying scarce inventory from going on the market.

COVID-era mortgage relief, initiated by Trump in 2020 and extended by Biden in 2021, “has created another subprime housing bubble and put taxpayers at risk. Trump should end it,” says a February editorial in the Wall Street Journal. “Under the guise of Covid relief, the Biden administration masked the growing troubles in the housing market by paying off borrowers and mortgage servicers to prevent foreclosures. Of the 52,531 FHA loans last year that went seriously delinquent within their first year, only nine resulted in foreclosure.”

https://nevadacurrent.com/2025/04/17/trump-ends-FHA-covid-era-mortgage-assistance/

last option...sell...but high prices and high rates aint hitting home

 

[djd09]

https://twitter.com/x/status/1923734204832944269

...do you feel lucky? ... well do ya?

 

[Joe Flacco]

There is still another week to go in the month but right now it looks like we are going to end May with fewer listings than April. Normally we see it increase month to month into June / July. It is still much higher on an year-over-year basis but it looks like there was a bit of a pull forward in listings in April.

 

[djd09]

Denver Housing Market Is Hit With an Explosion of Listings—How Far Could Home Prices Fall?​

after roaring for years, the Denver housing market is cooling rapidly, drawing questions about whether a price correction is imminent.

In April, the supply of active listings in the Denver metro area hit 10,354, up a whopping 65% from a year ago and the highest level for any April in records dating to 2017, according to Realtor.com® listing data.

https://www.realtor.com/news/trends/denver-housing-market-inventory-prices-falling/

...

 

[Functional Obs]

Baby boomers are starting to cut loose of their real estate.

I'm getting date-of-death investment appraisals, two and three at a time. Their kids want to sell after they take care of the estate.

Some are cutting loose, a lot are dying too.

 

[ZZGAMAZZ]

I'm getting date-of-death investment appraisals, two and three at a time. Their kids want to sell after they take care of the estate.

Some are cutting loose, a lot are dying too.

But unlike other types of legal appraisals, multiple assignments of the same property with different retrospective Effective Dates presumably aren't needed, there being few occasions when multiple dates-of-death are reported !!!!!!!!!!!!!!!!!!!!! LOL

 

[ZZGAMAZZ]

Denver Housing Market Is Hit With an Explosion of Listings—How Far Could Home Prices Fall?​

after roaring for years, the Denver housing market is cooling rapidly, drawing questions about whether a price correction is imminent.

In April, the supply of active listings in the Denver metro area hit 10,354, up a whopping 65% from a year ago and the highest level for any April in records dating to 2017, according to Realtor.com® listing data.

https://www.realtor.com/news/trends/denver-housing-market-inventory-prices-falling/

...

That report seems to be extremely significant, but I wonder whether the 65% change is as significant as it appears, in the context of a larger period of time, e.g., I aged 1.4% year-over-year on my recent birthday, although the same 1-year change was 2.9% forty years ago...and the fact that I have time to make that calculation sure reflects the volume of my business activity..