Today’s News Synopsis:

The latest home sales and price report from the California Association of Realtors showed existing home sales increased 5.4% month-over-month and 2.6% year-over-year.  CoreLogic is expected to announce next week how they did financially in the second quarter.  GoBankingRates released a list of the few places left where home prices actually decreased despite prices overall increasing.

In The News:

California Association of Realtors – “May home sales and price report” (6-20-2017)

“California’s housing market rebounded in May as existing home sales and median home price recorded strong gains on both a monthly and annual basis, a trend in every major region of the state, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.”

CoreLogic – “CoreLogic To Announce Second Quarter 2017 Financial Results” (6-21-2017)

“CoreLogic (NYSE: CLGX), a leading global property information, insight, analytics and data-enabled solutions provider, confirmed today that it will release its second quarter 2017 financial results after the market close on Tuesday, July 25, 2017.”

CNBC – “Mortgage applications hold steady as rates remain low” (6-21-2017)

“After surging to the highest level since the presidential election, demand for home loans remained steadily elevated last week.”

Mortgage Professional America – “These cities saw house prices fall in spite of national trend” (6-21-2017)

“Home prices may be reaching the stratosphere as they continue their steady rise, but bargain hunters may still find a few cities a respite from the ballooning costs of homes in the US.”

Fannie Mae – “Fannie Mae CEO Timothy J. Mayopoulos Named Glassdoor Highest Rated CEO in 2017” (6-21-2017)

“Fannie Mae (FNMA/OTC) is proud to announce that President and Chief Executive Officer Timothy J. Mayopoulos received a Glassdoor® Employees’ Choice Award recognizing the Highest Rated CEOs for 2017.”

Bloomberg – “Investors Are Staying in Dividend ETFs No Matter What the Fed Says” (6-21-2017)

“U.S. lending rates are rising, and investors are holding on to $151 billion worth of dividend ETFs. Cue the sell-off?  Not so fast.”

CNBC – “Divide widens between housing haves and have-nots” (6-21-2017)

“The median price of an existing home sold in May set a record high, but it’s not the price itself that is so stunning.  It’s the math behind that price that indicates how difficult it has become for the average American to become a homeowner.”