Posts Tagged ‘real estate investing’

Janet Yellen Remains Confident of Interest Rate Increase

August 26th, 2016

Sources: New Home Sales Climb to Highest Level Since October 2007 Mortgage Applications Decrease in Latest MBA Weekly Survey Existing-Home Sales Lose Steam in July Apartment and Condominium Market Dips Slightly in the Second Quarter Morgan Stanley: This corner of the real-estate market is about to peak Goldman Sachs It’s Too Late to Chase the Booming Real

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HARP Plan Extended to 2017 As FHFA Prepares New Refinance Plan

August 25th, 2016

Today’s News Synopsis: The HARP plan has been extended into 2017 in order to allow people to be better prepared for the new refinance plan launching at the end of next year.  The market for apartments and condos now stands at 50 after decreasing three points.  The number of baby

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Airbnb May be Prevented From Doing Short-Term Rentals

August 24th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.1% decrease in mortgage applications from last week.  Existing-home sales also declined last month by 3.2% according to the National Association of Realtors.  Airbnb may be facing some changes as local governments are attempting to pass new rules that will prevent

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GSEs Release Newly Revised Uniform Residential Loan Application

August 23rd, 2016

Today’s News Synopsis: HUD and the Census Bureau reported a 12.4% increase in new home sales, putting the at their highest in 9 years.  A new bill called the Homeowner Survivor Bill of Rights was just approved by the California Assembly that would protect widows and widowers from being foreclosed

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Goldman Sachs Warning Investors Not to Purchase Real Estate Stocks

August 22nd, 2016

Today’s News Synopsis: Goldman Sachs warned investors about purchasing real estate stocks at this point, saying there is too much risk right now.  The area of the real estate market that is expected to be at a high point is construction on nonresidential structures.  Fannie Mae believes a weak job

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List of Best and Weakest Job Growth Cities Has Been Released

August 19th, 2016

Today’s News Synopsis: Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup commemorating the 500th episode of the Norris Group radio show.  A new list of cities with the best and weakest growth in the job market in the U.S.  Chicago just saw growth

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Outlook Continues to Remain Uncertain for the U.S. Housing Market

August 18th, 2016

Today’s News Synopsis: Real estate areas that are seeing the biggest increases are ironically the same areas most affected by the real estate downturn.  Wealthy house collectors, known for owning multiple homes, are now starting to own multiple luxury homes.  Outlook continues to remain uncertain for the U.S. housing market. In

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Feds Still Torn on Decision to Raise Rates

August 17th, 2016

Today’s News Synopsis: The California Association of Realtors reported a decrease in existing-home sales for July, down 4.1% month-over-month and 5.1% year-over-year.  The Mortgage Bankers Association reported a 4% decrease in mortgage applications despite mortgage rates being at their lowest on record.  Federal Officials are still torn on the decision

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Interest Rates May Need to Increase at Least Once This Year

August 16th, 2016

Today’s News Synopsis: People affected by flooding in the Lousiana area have the option of receiving mortgage assistance, as Fannie Mae has reminded them.  The latest data from both HUD and the Commerce Department showed a 2.1% increase in housing starts, in part to an increase in multifamily housing.  Interest

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Real Estate Board of New York Report Shows Declining Optimism in Market Could Actually Benefit Consumers

August 15th, 2016

Today’s News Synopsis: The NAHB reported an increase in builder confidence by 2 points, putting it now at 60.  The Real Estate Board of New York released a report showing real estate brokers have less optimism in the market, but this could actually be good for those wanting to buy

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