Today’s News Synopsis:

Realtor.com released their list of the top cities that made the biggest comeback in the housing market since the Crash.  The latest Home Purchase Sentiment Index from Fannie Mae showed sentiment increased 2.2 percentage points last month after having decreased in March.  Freddie Mac is releasing a new proposal known as the Duty to Serve Plan, which they intend to help areas with housing issues that may go unnoticed.

In The News:

CNBC – “Chinese cities pull global luxury property prices higher as taxes bit elsewhere” (5-8-2017)

“Growth in luxury house prices of 36.2 percent in China’s third largest city, Guangzhou, has helped to bump the global index up 4.3 percent in the first quarter, according to a report from Knight Frank published Monday.”

Bloomberg – “More Robots, Fewer Jobs” (5-8-2017)

“Are you about to be replaced by a robot? The question has broad implications for the U.S. economy, especially the manufacturing sector.”

Realtor.com – “These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate” (5-8-2017)

“Everyone loves a great comeback story.  And there are plenty to go around.”

Fannie Mae – “Housing Sentiment in April Rebounds Following March Dip” (5-8-2017)

“The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 2.2 percentage points in April to 86.7, rebounding following March’s dip. Five of the six components that comprise the HPSI were up.”

National Real Estate Investor – “How Will a Real Estate Lending Slowdown Effect Marketplace Lenders?” (5-8-2017)

“According to new statistics from the Mortgage Bankers Association, real estate lending is slowing down.”

Mortgage Professional America – “Commercial real estate steady but future is uncertain say lenders” (5-8-2017)

“Domestic policy and geopolitics are concerning leaders in the commercial real estate sector.  A study by The Real Estate Roundtable found that although current conditions are stable with slow, steady growth over coming months, there is less optimism about how things may play out in the longer term.”

Bloomberg – “Fed’s Mester Warns Against Falling Behind Rate-Hike Pace” (5-8-2017)

“Federal Reserve Bank of Cleveland President Loretta Mester said the central bank should continue on its gradual path of raising interest rates to prevent the risk of overheating the U.S. economy.”

Freddie Mac – “Freddie Mac Proposal Addresses Housing Needs in Underserved Markets” (5-8-2017)

“Freddie Mac (OTCQB: FMCC) today released its proposed Duty to Serve plan, which details proposals for addressing some of the country’s most persistent affordable housing problems.”