Northstar Realty Finance Corp
Home Prices Keep Climbing, and Here’s What It Means
The latest Existing Home Sales report shows available inventory at 4.7 months and a market that’s tilted heavily in favor of sellers.
Who Benefits from Climbing Home Prices?
In May 2016, the FHFA (Federal Housing Finance Agency) reported that house prices rose by 0.2% month-over-month and 5.6% year-over-year.
The week ahead: Jobs plus Annaly and other mortgage REIT earnings
We have a big week ahead, with a slew of important economic data and earnings from the mortgage REIT sector. The biggest REIT will be Annaly Capital reporting on Wednesday.
How Does Annaly Capital Finance Its Portfolio?
Annaly Capital leverages its portfolio with repurchase agreements. Annaly Capital’s repurchase agreements fell from $54.4 billion to $53.9 billion in 2Q16.
Real Estate Market Hot in the West, Cold in the Northeast
Home prices in the Pacific and Mountain states have outperformed prices in the rest of the country over the past two years.
Home Prices Dropped in a Quarter of States in 1Q16
From March 2015 to March 2016, the Pacific states took the lead with home price appreciation of 9.5%, followed by the Mountain states with a gain of 8.5%.
Tight Inventory Continues to Drive House Prices Higher
In January 2016, the FHFA reported that house prices grew 0.5% month-over-month. The prices rose by 6% year-over-year. They’re higher than the peak in April 2007.
Why House Prices Have Hit a New Record
In December 2015, the FHFA reported that house prices grew 0.4% month-over-month, rising by 5.2% year-over-year.
Highlights of the Asset Side of Annaly’s 1Q15 Balance Sheet
Agency mortgage-backed securities and the new Agency Credit Risk transfer bonds accounted for $70.5 billion of Annaly’s $78.7 billion in assets.