David Blitzer: 3 reasons why housing is “somber”

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David Blitzer: 3 reasons why housing is "somber" Fed officials stay cautious in shifting market Freddie Mac estimates home sales to fall another 23% in 3Q New Mortgage Rules Offer Help for Struggling Homeowners. By Ilyce Glink. the underlying investors (in this case, Fannie Mae, Freddie Mac, New Home Sales Fall.How To Prepare For A.

“The best hope for housing is the rest of the economy where the news is better,” David Blitzer, chairman of the index committee at S&P dow jones indices, said in a statement. “2014 was a.

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Foreclosure activity. one of every 905 U.S. housing units received a foreclosure filing, market watcher RealtyTrac says. That was the lowest level since February 2007 – near the beginning of the. David Blitzer: 3 reasons why housing is "somber" Housing.

According to David M. Blitzer, the chairman of the index committee: The news on home prices in this report confirm recent good news about housing. single family housing. prices rose by 3.7%. The.

"With little sign that home buyers’ purchasing power will strengthen into 2019, expect the housing. said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones.

Sales down, prices up in RE/MAX February housing report November’s pending sales told us that sales in January when all reporting is completed in February will likely be down to their lowest since May 2014. And December’s sales, which were way down in.

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It was the third consecutive month that housing prices in all 20 cities increased, and it would have been the fourth such increase had prices not fallen by 0.6% in Detroit back in April. According to.

Bank of America raises affordable housing commitment BB&T and SunTrust Banks have pledged a combined $30 million for affordable housing in Charlotte, N.C., a show of commitment to a city that will serve as the headquarters of the merging banks. Each institution has pledged $15 million to the Foundation for the Carolinas, which supports affordable.

Related: The States With the Hottest Housing Markets Heading into 2017 3. Low inventory: Even if you’re ready. but not enough to trigger a decline in values, said David Blitzer, managing director.