Posts Tagged ‘private money’

Bureau of Economic Analysis Reports 0.7% Increase in GDP in the First Quarter

April 28th, 2017

Sources: Black Knight Home Price Index Report: February 2017 Transactions U.S. New-Home Sales Unexpectedly Rise to Highest Since July Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March; Remains Above Three-Year Average U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows Mortgage Rates Increase After Weeks of

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NAR Reports Decrease in Pending Homes Sales With the Pinch in the Market

April 27th, 2017

Today’s News Synopsis: Freddie Mac reported mortgage rates increased again after five weeks of decline with 30-year rates now at 4.03% and 15-year rates at 3.27%.  The National Association of Realtors reported a 0.8% decrease in pending home sales as prices are increasing and houses are becoming less readily available.

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H.R. 2148 Introduced to Help Make Rules on Lending On Commercial Real Estate Easier to Understand

April 26th, 2017

Today’s News Synopsis: More Americas are spending twice as much as before on home improvements.  Despite the housing market being its strongest its sellers, demand for housing is slowly starting to dwindle with the decrease in available inventory.  New legislation was introduced today, H.R. 2148, that was met with positive

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Redfin Reports Decrease in Latest Housing Demand Index

April 25th, 2017

Today’s News Synopsis: The Commerce Department reported an increase in new home sales to their highest in 8 months, having increased 5.8% to 621,000.  At the same time, pending home sales did not show much change for the third month in a row.  Redfin’s latest Housing Demand Index also showed

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Housing Market The Best It Has Been For Sellers

April 24th, 2017

Today’s News Synopsis: The latest Home Price Index Report from Black Knight Financial Services showed home prices increased reached a new high in February, having increased 0.8% month-over-month and 5.7% year-over-year.  The housing market for sellers for the spring has been at its best as homes are selling faster than

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Gallup Poll Shows Real Estate is Still America’s Favorite Investment

April 21st, 2017

Sources: Builder Confidence Holds Firm in April Single-Family Production Falls in March After Strong February Reading Mortgage Defaults Climb Slightly Mortgage Rates Tumble Below 4 Percent Rents Rise at Slowest Pace in Five Years Political Holding Pattern Affirms Conservative Growth Forecast Freddie Mac April 2017 Outlook Robots May Help Build Your Next Home and Fill the Labor Gap BofA Profit

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Zillow Reports Slowest Increase in Rents Since November 2012

April 20th, 2017

Today’s News Synopsis: Mortgage rates decreased again to below 4% with 30-year rates now at 3.97% and 15-year rates at 3.23%.  Confidence in the housing market is higher as shown by the increase in home remodeling.  Zillow reported the slowest increase in rents since November 2012 in their latest Real

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Transaction Involving Prime Jumbo RMBS Increase by Twice as Much Over Past Year

April 19th, 2017

Today’s News Synopsis: A recent survey from NAHB showed out of the 75% of adults who know what career path they want, only 3% are interested in a job in construction.  Transactions involving prime jumbo residential mortgage-backed securities increased by twice as much over the past year according to Fitch

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Construction on Single-Family Homes Decreases in March By 6.8%

April 18th, 2017

Today’s News Synopsis: The latest S&P Dow Jones Indices and Experian data showed a small increase in mortgage default rates, up one basis point to .75% in March.  Construction on single-family homes decreased in March by 6.8% after showing positive numbers in February.  Bank of America reported a 40% increase

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Fannie Mae Economic Outlook Does Not Expect Much Change This Year

April 17th, 2017

Today’s News Synopsis: The NAHB reported builder confidence remained relatively stable this month, having only decreased 3 points to 68.  Fannie Mae released their Economic and Housing Outlook for April, showing it remaining at 2% and not likely to change much this year.  Blueprint Robotics in Baltimore builds houses on

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