In late January 2023, the White House published a Blueprint for a Renters Bill of Rights. The blueprint was prepared by the Domestic Council and National Economic Council and contains five principles that are intended to support development of policies and practices that protect renters and promote rental affordability....more
Tag: current events
In previous blogs we followed the Census Bureau’s Household Pulse Survey (HPS) to examine some effects of the COVID-19 pandemic, This week a new dataset was released that encompasses data collected from September 2 to September 14, 2020....more
In our earlier blogs, we followed the Census Bureau’s Household Pulse Survey (HPS) to examine the effects of the COVID-19 pandemic on the housing market....more
Stakeholders throughout the housing and mortgage finance industries are focused on finding the proper response to the COVID-induced crisis that will inevitably lead to massive mortgage defaults....more
Renters are twice as unsure as homeowners in their ability meet their housing payments. Black homeowners are three times as unsure as white homeowners in their ability to pay next month’s mortgage....more
Recently released statistics suggest that the housing market is showing a peculiar phenomenon that is seemingly contradictory. Unemployment and loan forbearances are at all-time highs, and the country is in what many experts consider a significant recession with a lengthy recovery ahead, yet home purchases are at record levels....more
At this writing, HUD and the GSE’s are operating with an August 31,2020 sunset on the foreclosure moratorium that was put in place at the beginning of the coronavirus crisis. Its time all stakeholders get serious about what comes next. We at SP Group have identified three steps that we believe will effectively address the…...more
Based on the recent data reported by Black Knight, 4.73 million homeowners are in active forbearance as of the end of May 2020[1]. The big question is how many of these will end up in default and foreclosure. According to Black Knight, about half a million homeowners have less than 10 percent equity in their…...more
There are at least two types of real estate investors in Opportunity Zones, those that are drawn to a particular location for reasons that have little or nothing to do with the fact that the location is in an Opportunity Zone per se and those who are making strategic choices to invest in one Opportunity...more
SP Group’s CEO, Pratima Damani recently attended the presentations at DATA Act Hackathon held at the Booz Allen Hamilton’s Innovation Center in Washington. At this event, one of the panelists from Treasury Department commented that “….tying together data points helps tell a clearer picture about the government. For example, the government gives out loans to help stimulate the economy....more