Case-Shiller

$5 Billion Per Year For Affordable Housing Incentives and Subsidies

Today’s News Synopsis: Senate bill to overhaul Fanny and Freddie has been drafted.  The latest S&P CoreLogic Case-Shiller Index showed home prices increased 6.2% last November, a new high for home prices.  For the third quarter in a row, the mortgage market generated more loans that were defective. In The News: CNBC – “Home prices surge …

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Store Wars….Trader Joes, Whole Foods…..ALDI???

Today’s News Synopsis: Attom Data Solutions shows you what grocery store is better for investors.  The NAHB reported builder confidence increased this month by 4 points and now stands at 68.  Affordable homes are becoming more and more rare, leaving many more having a harder time finding a place to live. In The News: Realtor.com – …

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U.S. Department of Veterans Affairs Thanks Disabled Veterans Through Housing Grants

Today’s News Synopsis: The U.S. Department of Veterans Affairs offered housing grants to disabled veterans as a way to say thank you for their service.  Home prices increased again to a new high at 1.3% month-over-month and 5.8% year-over-year.  Meanwhile, Redfin reported a 9.2% increase in their housing demand index. In The News: Realtor.com – “Honoring …

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Latest S&P/Case-Shiller Index Show Home Prices Increase 5.8%

Today’s News Synopsis: The latest S&P/Case-Shiller Index showed home prices increased 5.8% to their highest in 2 1/2 years.  Interest rates also continue to show an upward trend according to the latest report from the Federal Housing Finance Agency.  Freddie Mac released their latest outlook for this month today. In The News: New York Times – …

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Map Showing Areas with Highest Risk from Fracking is Released

Today’s News Synopsis:   The Mortgage Bankers Association reported a 1% decrease in mortgage refiance applications, although purchase applications increased from last week.  A new map was released showing housing areas facing the biggest risk from earthquakes caused by oil fracking.  Janet Yellen stated that monetary policy will now be handled by more financial markets, …

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Five Cities Could Potentially Be in Housing Bubble; Riverside Included

Today’s News Synopsis:   Due to overvalued stock and drastically increasing home prices in certain cities, there is a possibility these cities may be in a housing bubble: Reno, Nevada, Bend, Oregon, Boise, Idaho, Austin Texas, and Riverside, California.  Existing-home sales increased by 0.4% to 5.47 million, their highest in nine years.  Bank of America …

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Los Angeles, Orange, and San Francisco See Biggest Home Price Increases

Today’s News Synopsis:   Los Angeles, Orange, and San Francisco saw the biggest increases in home prices of 6.2% and 11% respectively.  A $1 billion settlement was just reached between JPMorgan Chase and Lehman Brothers regarding damages from bankruptcies.  Lending from MetLife Commercial-Property Lending reached its highest on record at $14.3 billion.   In The …

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More People Not Owning A Home Also Likely Not to Purchase in the Future

    Today’s News Synopsis:   Mortgage applications saw a 2.3% decrease this past week according to the Mortgage Bankers Association.  Pending home sales increased for the third month in a row by 1.1% month-over-month and 11.1% year-over-year, putting them at their highest in two years.  More and more people who do not currently own …

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