Commerce Department

Affordable and Getting More Appealing

Today’s News Synopsis: Manufactured housing is making a comeback.  Housing starts remained firm last month, having increased 0.9% to 1.17 million units according to HUD and the Commerce Department.  Mortgage rates decreased slightly with 30-year rates now at 4.53% and 15-year rates at 4.01%. In The News: NAHB – “Housing Starts Hold Their Ground in July” …

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Never Going to Happen But Kind of Fun to Think About. Probably Never?

Today’s News Synopsis: How California stacks up split into 3 states.  HUD and the Commerce Department reported housing starts decreased 12.3%.  Zillow plans on expanding the buy and sell business to Atlanta. In The News: ATTOM Data Solutions – “How California Housing Stacks Split Into Three States” (7-18-2018) “ATTOM Data Solutions, curator of the nation’s premier …

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Dog Parks and Gardens or Golf and Pickleball?

Today’s News Synopsis: What do retirees want?  HUD and the Commerce Department reported a 3.7% decrease in housing production, although it continues to be at a post-recession high.  The Mortgage Bankers Association reported mortgage delinquencies decreased in the first quarter to 4.63%. In The News: NAHB – “Housing Production Drops 3.7 Percent But Remains Near Post-Recession High” …

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More Options Means Less Down and Riskier Debt

Today’s News Synopsis: Homebuyers are stretching budget and mortgage limits.  HUD and the Census Bureau reported a 4% increase in new homes sales for the month of March.  Home prices also picked up across the country according to the latest Case-Shiller Index. In The News: National Association of Realtors – “Consumer Interest Trends Towards Sustainability, …

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Icebreakers Even Introverts Can Pull Off!

Today’s News Synopsis: How can you meet your neighbors?  HUD and the Commerce Department reported a 1.9% increase in housing starts last month.  Apparently, the housing market right now is the most “competitive in history” according to homebuyers. In The News: NAHB – “Housing Starts Rise 1.9 Percent on Multifamily Surge” (4-17-2018) “Gains in multifamily …

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Amazon Teaming Up With Nation’s Biggest Landlords

Today’s News Synopsis: Amazon Lockers coming to big buildings.  Several low to median-valued homes are expected to be severely impacted by rising sea levels, costing upwards of $916 billion.  ATTOM Data Solutions released a list of 20 cities where home flipping is at its highest. In The News: Zillow – “Rising Sea Levels Pose Significant Risk …

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