Posts Tagged ‘real estate investing’

New Home Sales Decrease But Still Remain Strong

September 26th, 2016

Today’s News Synopsis: HUD and the Census Bureau reported new home sales decreased 7.6% in August but continue to remain strong at 609,000.  Delinquencies also declined 9 basis points, but as well they are still high compared to the early part of the millennium.  In a surprising story, property that

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San Francisco Residents Getting Quite a Shock From Leaning Millennium Tower

September 23rd, 2016

Sources: Builder Confidence Surges in September Housing Production Hits a Mild Speed Bump in August Commercial/Multifamily Mortgage Debt Outstanding Continues to Grow Despite CMBS Decline These 10 markets desperately need more housing inventory 2016’s Most Fun Cities in America FOMC leaves rates unchanged in September meeting America’s TV boom is a hot opportunity for real estate developers Surging

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Yellen Says Job Market Looking Better, Though Data Seems to Show Otherwise

September 22nd, 2016

Today’s News Synopsis: The House Financial Services Committee held another hearing today regarding their report they submitted back in June on threats and vulnerabilities in the market.  Janet Yellen said yesterday the job market is looking better, although labor flows data seems to show a lack of stability with employment.

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Fed Has Decided Not to Raise Interest Rates….For Now

September 21st, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported that even in the midst of mortgage-backed securities decreasing, mortgage debt for commercial and multifamily properties continues to increase.  The Federal Reserve has decided not to increase interest rates at this time, although the debate is not over yet as they are

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More Real Estate Firms Positive About Future Earnings

September 20th, 2016

Today’s News Synopsis: HUD and the Commerce Department reported a 5.8% decrease in housing starts last month.  The NAR held a survey recently showing more and more real estate firms and brokerages are positive about future profit.  Stocks increased as people continue to wait to see what decision the Fed

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NAHB Reported Builder Confidence Increased to 65 This Week

September 19th, 2016

Today’s News Synopsis: The NAHB reported builder confidence increased this month from 59 to 65.  The National Association of Realtors released a list of markets that are down in their construction of new homes, which came out to 80% of metropolitan areas measured by the industry.  The ESR group connected

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USC Neighborhood Sees Surge In Homes Prices As More Rush Here to Develop and Flip Homes

September 16th, 2016

Sources: Mortgage Rates Head Up U.S. Home Flipping Increases to a Six-Year High in Q2 2016 Mortgage Applications Increase in Latest MBA Weekly Survey National Foreclosure Rates Back to Pre-Crisis Levels in July Buyer sentiment stunted by ‘dearth of homes for sale’ U.S. Households’ Income Shows Biggest Jump Since Recession Even the CEO of Zillow thinks you

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Home Flipping Increases To Its Highest In 6 Years According to ATTOM Data Solutions

September 15th, 2016

Today’s News Synopsis: Freddie Mac reported mortgage rates increased this week with 30-year rates now at 3.5% and 15-year rates at 2.77%.  ATTOM Data Solutions released their latest data for flipped homes, which showed they increased 14% from last quarter and 3% from last year to their highest in six

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Lack of Homes For Sale Resulting in Lower Home Ownership than Expected

September 14th, 2016

Today’s News Synopsis: Buyer sentiment is at a standstill and ownership is surprisingly not as high as one would think despite low interest rates and increased jobs.  NAR revealed one of the responsible factors is the lack of homes available sale.  At the same time, housing growth in big cities

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Economy Appears Healthier With Largest Increase in Household Income

September 13th, 2016

Today’s News Synopsis: The U.S. economy appears to be gaining strength as household incomes were the largest since the recession in 2015 and poverty showed signs of decrease.  Foreclosure rates decreased again to levels last seen before the crisis.  A new bill is continuing to be pushed that will do

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