Bank of America

FOMO Is Real Y’all!

  FOMO in California Real Estate Investing Today’s News Synopsis: Social media posts are spurring Millennials to become homeowners?  The types of homes taking longer to sell are the luxury homes.  What’s some “good” advice you’ll hear on buying a home that you should completely ignore? In The News: Realtor.com – “Buying a House?  Here’s …

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Nesterly Is Using Multigenerational Living To Solve Housing Issues

Today’s News Synopsis: Looks like there’s a new platform that pairs senior homeowners with students.  The National Association of Realtors reported a 2% increase in existing-home sales in October.  The NAHB reported a 10 point drop in the Multifamily Production Index, putting it at 46 in the third quarter of 2017. In The News: NAHB – …

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Ten Years After The Crash, Gen-X Homeowners Still Lagging Behind

Today’s News Synopsis: Homeowners of Generation X are the ones that are still hurting the most from the Housing Crash and having trouble gaining equity in their homes.  The NAHB reported builder confidence decreased this month, although it continues to stay strong.  A record number of homes was sold this month to international buyers. In …

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Realtor.com Releases List of Most and Least Affordable Beach Towns

Today’s News Synopsis: Reator.com just released their newest list, this one showing which beach towns are the most and least affordable.  The National Association of Realtors reported a 1.3% decrease in pending home sales in April.  First American Financial Corporation reported loan application defects increased again for the fifth month in a row, North Dakota …

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

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 in their profits with their …

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Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that would allow them to sue …

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Profit and Mortgage Numbers Positive for 4 Large Banks

Sources: Housing Sentiment Dampened by Rising Rates, Depsite Improved Economic Confidence Post-Election 55+ Housing Market Shows Continued Growth CoreLogic Reports 26,000 Completed Foreclosures in November 2016 Confidence in the Economy is Surging Mortgage Rates Lower Again Dubai’s Real Estate Markets Poised to Rebound in 2017 Housing Will Continue Gradual Climb to Higher Ground in 2017 …

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Bank of America Sees Profit Increase Despite Several Big Banks Losing Net Income

Today’s News Synopsis: Home buyers are choosing to remain in their homes longer according to recent data from the National Association of Realtors.  According to the latest data from Weiss Analytics, home prices in the 91311 zip code, or Chatsworth, are expected to increase in the coming year.  In the midst of several big banks …

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GSEs Release Newly Revised Uniform Residential Loan Application

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 on unnecessarily.  Fannie Mae and …

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