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Bloomberg Releases List of Cities With Highest Household Incomes

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Today’s News Synopsis: Realtor.com released their list of the top places where millennials prefer to purchase real estate.  The latest Bloomberg analysis also showed which cities’ homes had the highest household incomes.  Sales of existing homes were lower last month at 5.48 million after having seen an increase the previous month; sales decreased 3.7%. In […]

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Texas hotel construction

More Hotels Are Being Constructed in Texas

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Today’s News Synopsis: According to the latest S & P/Dow Jones Indices, default rates for bank cards increased for the fourth straight month in February, up two basis points to 0.94%.  The Mortgage Bankers Association reported that despite a decrease in commercial mortgage-backed securities, debt on commercial and multifamly mortgages was still strong at the

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downtown

Realtor.com Releases List of Cities Where Downtown is the Popular Spot

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Today’s News Synopsis: New data released shows the hottest spots for real estate in New York, specifically Brooklyn and Manhattan.  More and more Russians are showing an interest in real estate located in New York City.  Realtor.com also released a list of cities where downtown is becoming a popular place to live. In The News:

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Zillow’s New Data Helps Buyers and Sellers Be Better Prepared

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Sources: Builder Confidence Hits 12-Year High February home sales and price report Single-Family Housing Starts Reach Highest Level since Late 2007 Mortgage Rates Move Higher Concerns about riskier mortgages are sprouting CoreLogic Issues US Residential Foreclosure Crisis Decade in Review Growth Forecast Unchanged Ahead of Expected Rate Hike Today’s News Synopsis: Aaron Norris of the

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CAR report

CAR Releases Latest Home Sales and Price Report for February

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Today’s News Synopsis: CAR released their latest home sales and price report for February, showing a 4.7% month-over-month decrease but 4.9% year-over-year increase for existing sales and a 2.2% month-over-month decrease and 7.6% year-over-year increase in median price.  Housing starts on single-family properties increased by 3% across the nation to their highest in 10 years.

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economic forecast

Fannie Mae’s Forecast Does Not Expect Much Economic Change

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Today’s News Synopsis: The Mortgage Bankers Association reported a 3.1% increase in mortgage applications from last week.  In their latest Housing Market Index, the NAHB reported builder confidence is at its highest in 12 years at 71.  Fannie Mae released their latest economic forecast, showing they do not expect much to change with the likely

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CoreLogic Releases Latest Review of the Foreclosure Crisis

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Today’s News Synopsis: The Mortgage Bankers Association reported a 2.2% increase in new home purchase mortgage applications last month.  ATTOM Data Solutions announced that their clients can now have licensing access to the Clear Capital operated MLS listing service.  CoreLogic just released their latest review of the foreclosure crisis covering the last ten years. In

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Risk1

More Mortgages Borrowers Are Willing to Take Risks, Raising Concerns

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Today’s News Synopsis: More and more people are willing to take more risks when borrowing mortgages, which is raising more concerns.  For the first time this year but fifth time overall, Freddie Mac priced their whole loan securities.  A recent decision by a Federal Court in New York will now allow foreclosures to take place

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Rents

Rents High in Areas Outside America as Well, Including Canada and Spain

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Sources: CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in January 2017 Consumer Confidence in Housing Hits All-Time High Borrowers rush to beat rising rates, pushing mortgage volume 3.3% higher U.S. Home Flipping Increases 3 Percent in 2016 to a 10-Year High Mortgage Rates Hit 2017 High Millennials drive housing confidence higher, despite

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Erik Hernandez Blog

California Commercial Real Estate Construction Trends with Erik Hernandez of Lee & Associates #529

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Bruce Norris is joined this week by Erik Hernandez. Erik has been with Lee & Associates in the commercial real estate division since 2000. Prior to that he was in research since 1994. He specializes in industrial real estate, and he has been on the radio show a number of times prior. He is also

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