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Fannie "Real Estate Owned" inventory Decreased in Q1 2024

Calculated Risk

Fannie Mae reported the number of REOs decreased to 7,791 at the end of Q1 2024, down 5% from 8,403 at the end of the previous quarter, and down 9% year-over-year from Q1 2023. For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010. Here is some information on single-family Real Estate Owned (REOs).

Numbers 330
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Fannie "Real Estate Owned" inventory Decreased 10% in Q2 2024

Calculated Risk

Fannie Mae reported the number of REOs decreased to 7,179 at the end of Q2 2024, down 10% from 7,971 at the end of the previous quarter, and down 17% year-over-year from Q2 2023. For Fannie, this is down 96% from the 166,787 peak number of REOs in Q3 2010. Here is some information on single-family Real Estate Owned (REOs).

Numbers 323
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U.S. Demographics: Largest 5-year cohorts, and Ten most Common Ages in 2022

Calculated Risk

The table below shows the top 10 cohorts by size for 2010, 2022 (released recently), and the most recent Census Bureau projections for 2030. And below is a table showing the ten most common ages in 2010, 2021, and 2030 (projections are from the Census Bureau, 2017 ). Note the younger baby boom generation dominated in 2010.

Economy 363
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Fannie "Real Estate Owned" inventory essentially unchanged in Q1

Calculated Risk

Fannie Mae reported the number of REOs increased to 8,780 at the end of Q1 2023, essentially unchanged from 8,779 in Q4 2022, and up 18% from 7,430 at the end of Q1 2022. For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010. Foreclosure have increased slightly since the end of the foreclosure moratorium.

Numbers 317
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Update: The Inland Empire

Calculated Risk

This graph shows the unemployment rate for the Inland Empire (using MSA: Riverside, San Bernardino, Ontario), and also the number of construction jobs as a percent of total employment. The second graph shows the number of construction jobs as a percent of total employment for the Inland Empire, all of California, and the entire U.S.

Economy 339
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Inflation Adjusted House Prices 1.1% Below 2022 Peak; Price-to-rent index is 7.8% below 2022 peak

Calculated Risk

As an example, if a house price was $300,000 in January 2010, the price would be $436,000 today adjusted for inflation (45% increase). Typically, after a sharp increase in prices, it takes a number of years for real prices to reach new highs (see House Prices: 7 Years in Purgatory ) There is much more in the article!

Numbers 265
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HVS: Q1 2023 Homeownership and Vacancy Rates; Rental Vacancy Rates Increased Sharply

Calculated Risk

This survey might show the trend, but I wouldn't rely on the absolute numbers. The Red dots are the decennial Census homeownership rates for April 1st, 1990, 2000 and 2010. Once again - this probably shows the general trend, but I wouldn't rely on the absolute numbers. National vacancy rates in the first quarter 2023 were 6.4

Numbers 310