TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/222840
free social Life Thinkers These industry professionals are turning to social and interactive media to keep up with the latest market developments. TRENDING @assetval: Winter is coming . . . It may be a great line from "Game of Thrones," but for the colder months many changes occur, inventory decline slows. #themreport Susanne Novak: It's normal for the housing market to slow down a bit after the peak summer season, but it's really encouraging to see that both sales and prices remain significantly higher than this time last year. #themreport @WJB_Mortgage: New data shows buyer demand rebounded as soon as government returned to business. #themreport These stories caught the attention of power players and were the most popular on MReport's social media channels. The Story: Survey: 48% of Consumers Anticipate Bubble, but Other Concerns Loom Larger The Story: Economy Not Expected to Recover While Construction Struggles The Scoop: The Scoop: While many indicators suggest the housing market is on the road to recovery, some fear another bubble is already forming. Country Financial, a financial services company based in Bloomington, Illinois, found in a recent survey that 48 percent of Americans say the market could reach a bubble during the next two years. Depressed construction activity is expected to continue weighing down both housing and the larger economy, Freddie Mac predicts in its latest Economic and Housing Outlook. The Story: Mortgage Rates Plunge to Post-Summer Lows The Scoop: Though Capitol Hill's gridlock over the debt ceiling was resolved—for now, at least—mortgage rates take a spill as market uncertainty spooked investors. The Story: Republicans Block Watt Nomination for FHFA Head The Scoop: Senate Republicans blocked a vote on the nomination of Rep. Mel Watt (D-North Carolina) to head up the Federal Housing Finance Agency (FHFA). Watt's nomination was stopped in a 56-42 vote to end the debate over his confirmation. Sixty votes were needed to invoke cloture and move forward. The M Report | 7