Today’s News Synopsis:

Attom Data Solutions shows you what grocery store is better for investors.  The NAHB reported builder confidence increased this month by 4 points and now stands at 68.  Affordable homes are becoming more and more rare, leaving many more having a harder time finding a place to live.

In The News:

Realtor.com – “Where Do Most Renters Want to Live – and Where Are They Trying to Escape?” (8-15-2017)

“Unable to commit. Fear of missing out on something else (#FOMO). Not ready to settle down. No, we’re not referring to your ex. Renters also often get a bad rap for being more flighty than their homeowner peers. And it isn’t completely unfounded.”

John Burns Real Estate Consulting – “Affordable Homes Are More Volatile” (8-15-2017)

“The CoreLogic Case-Shiller Tiered Home Price Index is one of those statistics that tells a meaningful story. The index, charted below, clearly illustrates how much more volatile lower-priced homes (in yellow) are compared to higher-priced homes.”

Mortgage News Daily – “Nice Rebound in Builder Confidence – NAHB” (8-15-2017)

“Builder confidence made a strong comeback this month, surprising analysts and belying some of the gloom expressed by the National Association of Home Builders (NAHB) earlier this week about construction labor problems.”

The Real Deal – “How will retail bankruptcies impact CMBS and REITs?” (8-15-2017)

“From TRD New York: Retailer bankruptcies are expected to only have a “limited” impact on CMBS loans and real estate investment trusts, according to Moody’s.”

Fannie Mae – “Fannie Mae Prices $1.069 Billion Connecticut Avenue Securities Risk Sharing Deal” (8-15-2017)

“Fannie Mae (FNMA/OTC) priced its sixth credit risk sharing transaction of 2017 under its Connecticut Avenue Securities (CAS) program.”

Housing Wire – “Urban Institute: Here’s how rising interest rates will impact the mortgage market” (8-15-2017)

“Interest rates have fallen not just since 2007, but consistently over the past 35 years, according to a new report from Laurie Goodman, Urban Institute co-director of the Housing Finance Policy Center.”

Realty Trac – “The Best Grocery Store for Homebuyers & Investors” (8-15-2017)

“A new ATTOM Data Solutions analysis shows that prospective homebuyers are better off buying near a Trader Joe’s than a Whole Foods or an ALDI — although homes near Whole Foods have seen home price appreciation more closely on par with those near Trader Joe’s over the past year possibly thanks to the Amazon acquisition of the high-end grocery chain.”