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Does Median Household Income Have Anything To Do With It?

Today’s News Synopsis: Trulia says housing is getting more affordable (not a typo).  At the same time, builders are telling Congress that progress is being made on regulatory reform, but there is still much to be done.  The Mortgage Bankers Association reported 0.3% increase in mortgage applications from last week. In The News: National Association …

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to 1.246 million units.  Housing affordability …

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NAHB Stated Multifamily Market Continues To Remain Strong Despite Slight Slowdown

Today’s News Synopsis: The NAHB gave an update on the multifamily housing market at their latest International Builders’ Show, saying it has slowed down a little but continues to remain strong.  On the same note, Freddie Mac was named the top lender for multifamily loans for the second consecutive year.  The latest Consumer Confidence Index …

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NAR Reported Existing-Home Sales Increased 1.7%

Sources: NAHB Index Unchanged in May, Pointing to Steady Housing Growth Housing Starts Up 6.6 Percent in April Mortgage Applications Decrease in Latest MBA Weekly Survey Existing home sales manage to increase two months straight ‘Zombie’ foreclosures down 30% in second quarter Freddie Mac: 30-year mortgage rate about to start rising? MBA: 30-year mortgage rate …

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The Economy and the Outlook for Real Estate with Ralph McLaughlin of Trulia #487

Bruce Norris is joined this week by Ralph McLaughlin. Ralph is the Chief Economist for Trulia and leads their housing and economics research team. He provides house hunters with key insights about the economy as well as housing trends and public policy. His educational background includes a BS in geography and regional development from the …

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More People Retiring Cannot Decide Between Buying or Renting

Today’s News Synopsis:   The latest S&P/Case-Shiller Index shows home prices are finally starting to even out with them increasing 5.3% in February.  Consumer confidence, on the other hand, decreased beyond expectations this month, now standing at 94.2.  More and more people who are retiring cannot decide if they want to buy or rent.   …

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U.S. Census Bureau Releases Data On States With Highest Taxes on Properties

Today’s News Synopsis:   Unlike the millennial generation, more baby boomers are choosing to own a home as opposed to renting.  Mortgage debt on commercial and multifamily properties showed strong increase in 2015, increasing to $2.83 trillion in the fourth quarter.  The U.S. Census Bureau recently released their list of states with the highest taxes …

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Latest S&P Report Shows Improving Consumer Credit With Increase in Mortgage Default Rate

  Today’s News Synopsis:   The NAHB reported builder confidence continues to remain firm, coming in at 60 this month.  According to the latest S&P Dow Jones Indices, consumer credit is making a comeback with the continuing increase in the mortgage default rate.  Meanwhile, foreclosures decreased by 21.8% according to the latest National Foreclosure Report. …

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