categories
Recent Comments
- Originations: Are Realtors Overpaid? | The Basis Point on Housing Bubble Talk Returns
- 12.61% Dividend Payer Apollo Residential Mortgage Returned 56% In 2012, Uptrend Is Still Strong on U.S. Housing And Residential Mortgage Finance 2013 Outlook: The Nascent Recovery Is Likely To Continue
- Mortgage application fraud is on the rise on U.S. Housing And Residential Mortgage Finance 2013 Outlook: The Nascent Recovery Is Likely To Continue
- Real Estate Investing News This Week 2013-04-13 on A Housing Recovery Is Buttressing U.S. Homebuilders’ Credit Quality
- Tuesday Morning Links | timiacono.com on As The Market Recovers, U.S. Single-Family Housing Activity Builds
tags
10-City Composite 20-City Composite Atlanta Boston Chicago Credit Default Indices Dallas David Blitzer Economy and Real Estate Existing Home Sales Experian home prices Las Vegas latest results Los Angeles Miami mortgages MSAs New York Phoenix residential real estate S&P/Case-Shiller S&P/Case-Shiller Home Price Indices report S&P/Experian Consumer Credit Default Indices San Francisco US Housing Prices
WP Cumulus Flash tag cloud by Roy Tanck requires Flash Player 9 or better.
Erkan Erturk
Senior Director, Structured Finance
Standard & Poor’s Ratings Services
Biography
Author Archives: Erkan Erturk
Standard & Poor’s rates a universe of 70 equity real estate investment trust (REITs) generally concentrated in a variety of sectors. In this CreditMatters TV segment, Vice President of Client Business Management Steven Rosenzweig and Director Beth Campbell discuss our analytical framework for rating these commercial entities. Topics include business risk and financial risk analyses, [...]
U.S. home prices started to rise in recent months, and Standard & Poor’s Ratings Services expects this to continue into the summer, given the seasonal trends of the past few years. We don’t expect this rise to be uninterrupted, however. Prices will likely dip again later this year as newly foreclosed properties reach the market, [...]
Standard & Poor’s recently published a commentary on several central housing market trends that could impact the credit quality of U.S. residential mortgage-backed securities (RMBS). In this CreditMatters TV segment, my colleague, Managing Director Vandana Sharma explains that three key variables, collateral performance, the effectiveness of structural protections, and transaction party behavior and incentives, will [...]
Broad questions about the future of U.S. housing finance and the direction of the residential mortgage market continue to cloud the outlook for U.S. residential mortgage-backed securities (RMBS), in the view of Standard & Poor’s Ratings Services. While home prices and delinquencies generally seem to be stabilizing, the future performance of outstanding residential mortgage bonds [...]
Standard & Poor’s Rating Services’ estimate for the time it will take to clear the supply of distressed homes, or the shadow inventory, on the U.S. market fell just one month to 46 months in the first quarter of 2012. While national residential mortgage liquidation rates appeared stable in the first quarter of 2012, these [...]
Seasonally unadjusted home prices will likely increase during the spring and summer months, repeating the seasonal pattern of the past few years. Although March home price data will likely show declines, prices could turn positive in April when Standard & Poor’s reports April home price data (S&P/Case-Shiller) in late June. Overall, today’s home prices are [...]
We will be giving live updates to S&P’s Housing Webcast Q&A starting at 12:00PM EST today on HousingViews.com. It is not too late to register for the event, just click here. Topics include: U.S. not-for-profit housing, Corporate homebuilders and REITs, and Residential mortgage-backed securities. Stay tuned!
U.S. Housing And Residential Mortgage Finance 2013 Outlook: Homebuilders Benefit From Demand For New Homes
Buyers for newer homes returned to the single-family home market in 2012, resulting in better than expected operating results for most of the homebuilders we rate. Sales volumes and average selling price exceeded our initial expectations, and we currently expect that the homebuilders we rate will deliver on average 20% more homes in 2012 compared [...]