In April, the average daily trading volume in agency MBS fell to $187.8 billion, the worst reading of the year and a possible harbinger of problems to come. One market participant, speaking under the condition his name not be used, likened it to MBS buyers “going on strike.” He added: “Right now, you have an illiquid market, and that’s not a good thing.” In December of last year, the MBS trading volume was...
Investor appetite for buying and flipping residential houses appears to have eased in April, and Texas may be partially to blame, according to Auction.com’s 2015 Real Estate Investor Activity Report for April. In April, there were fewer investors looking to flip their house purchase: 50.4 percent, down from 53.5 percent for the first quarter of 2015, the report noted. The percentage of investors planning to hold the residential property and rent it out grew to 48.3 percent last month from 44.8 percent in the first quarter.Although there was strong preference among investors in live auctions for flipping over hold-to-rent in states where Auction.com conducts live bidding, there was less enthusiasm for it in Texas, the report noted. The Lone ...
The real estate industry is excited about the potential use of unmanned aerial vehicles (UAVs) or drones in marketing residential and commercial properties. But stakeholders might have to wait a bit more until federal regulations for drone usage are clear and precise. Industry participants across the country are eager to use drones for aerial photography, videography, property inspection and appraisal and for other mortgage-related opportunities UAV technology might bring. Sometime in the not-so-distant future, Realtors will be able to legally fly unmanned drones over listed properties to give prospective buyers a total view of each listed property and its surroundings. For appraisers and catastrophic insurers, drones can reduce the time it takes to provide an appraisal for a residential or ...