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Does the Thought of a Recession Scare You? #367

Real Estate News Recap: 93.9% Of Homes in the US Have Positive Equity Nice Rebound in Builder Confidence – NAHB Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High Pitiful Housing Supply Slighted Dampened Q2 Home Sales Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory Decline …

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ATTOM DATA and Ten-X Both Release Their Latest Reports on the Single-Family Housing Market

Today’s News Synopsis: ATTOM Data Solutions released their latest data on the single-family rental market for the third quarter, showing which markets are the best for these homes.  A similar report was released by Ten-X showing the best markets for single-family non-rentals, Florida and Las Vegas being at the top.  More and more people who …

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Fannie Mae Expects Economic Growth to be at 2.4% For Second Half of Year

Today’s News Synopsis: The Labor Department released their latest consumer-price index report showing consumer prices increased 0.3% last month, the most in five months.  The NAHB reported strong builder confidence this month, having decreased by only two points and standing at 63.  Fannie Mae released this month’s Economic and Housing Outlook, showing they expect economic …

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Black Knight Financial’s Latest Home Price Index Shows Increase in Price Index Values

Today’s News Synopsis: Black Knight Financial just released their latest home price index for July 2016, showing the home price index value for the nation increased 0.4% month-over-month and 5.3% year-over-year.  More and more millennials could have better job opportunities with the increase in workers needed for home construction.  Stocks declined today, while real estate …

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Janet Yellen and Fed Investigating Big Banks After Accusations Arise Against Wells Fargo

Today’s News Synopsis: Mortgage applications decreased by 0.7% as a result of a decrease in refinancing.  The American Institute of Architects released their latest researched showing what kind of special function rooms consumers prefer, the top being outdoor living spaces, mud rooms, and home offices.  Following accusations against Wells Fargo that they created fake accounts, …

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Communities Centered on the Farm Becoming More Popular for Homebuyers

Today’s News Synopsis: The Mortgage Bankers Association reported a 7.2% increase in mortgage applications.  The main group right now not interested in purchasing a home is millennials still paying their student debt.  Interestingly, a popular site now for a lot of home-buyers are those centered on the farm. In The News: Mortgage Bankers Association – “Mortgage …

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More People Choosing to Stay In their Distressed Properties Rather Than File Foreclosure

Today’s News Synopsis:   Freddie Mac reported a decrease in mortgage repurchases by 95% since their peak in 2010.  87% of metropolitan areas saw an increase in home prices in the first quarter.  More and more people with distressed properties are choosing to keep their homes rather than file foreclosure.   In The News: DS …

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