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economic expansion

Federal Reserve Reported Continued Economic Expansion in Most of the Country

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Today’s News Synopsis: The Mortgage Bankers Association reported a 9.4% decrease in mortgage applications from last week.  The National Association of Realtors reported pending home sales increased by just 0.1%, showing people were more careful to buy before the election.  The Federal Reserve reported continued economic expansion in most of the country in October and […]

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prices

Home Prices in U.S. Increase to New Highs in September

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Today’s News Synopsis: Home prices in the U.S. increased 5.5% in September to new highs.  GDP increased in the third quarter, fueled by an increase in consumer spending according to the Commerce Department.  Fewer consumers and investors are choosing to live near the coast as they believe it to be a riskier investment. In The News:

Home Prices in U.S. Increase to New Highs in September Read More »

ATTOM underwater

ATTOM Data Solutions Releases Latest Home Equity and Underwater Report

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Today’s News Synopsis: Zillow is facing a lawsuit for which it has agreed to pay $6 million over alleged violation of federal labor laws.  ATTOM Data Solutions released their latest Home Equity and Underwater Report for the third quarter showing a decrease in seriously underwater homes.  Fewer and fewer Chinese investors are interested in buying

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home for sale decrease

New Home Sales Decreased 1.9% to 536,000 in October

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Sources: Cash Sales Accounted for 31 Percent of All Home Sales in August Existing home sales hit nearly 10-year high Blue state buyers swing to red state rentals Modest Economic Growth Expected Despite Legislative and Regulatory Uncertainty CFPB asks full court to rehear constitutionality case Will Donald Trump Be Good for Home Prices? Today’s News

New Home Sales Decreased 1.9% to 536,000 in October Read More »

investment home

3.4 Million Single Family Investment Homes Owned By Out of State Investors

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Today’s News Synopsis: 3.4 million single-family investment homes in the U.S. are owned by investors outside of their home state, and a lot of them are homes in red states being owned by investors from blue states.  Fannie Mae released their latest 2016 Economic and Housing Outlook, showing they expect to see growth continue at

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Trump real estate

How Will the Real Estate Market Be Effected By Donald Trump’s Presidency?

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 Sources: The Week Ahead: Confidence in the Housing Market Drops October New Home Purchase Mortgage Applications Increase 8 Percent Year over Year Mortgage Applications Decrease in Latest MBA Weekly Survey Homebuilder sentiment holds steady, could change post-election Mortgage rates spike to near yearly highs following Trump victory Homebuilding Is Hot Again.  And Not Nearly

How Will the Real Estate Market Be Effected By Donald Trump’s Presidency? Read More »

equity wealth

Wealthy homeowners with Equity Increased by 2.6 Million in the Third Quarter

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Today’s News Synopsis: Mortgage rates saw a drastic increase following the election with 30-year rates at 3.94% and 15-year rates at 3.14%.  New home construction increased last month to its highest in nine years, now standing at 1.32 million.  Wealthy homeowners with equity increased by 2.6 million in the third quarter, now standing at 13,125,367.

Wealthy homeowners with Equity Increased by 2.6 Million in the Third Quarter Read More »

airbnb1

San Francisco Put Limit on Airbnb Rentals to 2 Months

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Today’s News Synopsis: San Francisco just put a limit to how long rooms can be rented out through Airbnb at 2 months.  The Mortgage Bankers Association reported a 9.2% decrease in mortgage applications from last week.  The NAHB reported homebuilder sentiment at 63, up slightly from last month. In The News: CNet – “San Francisco limits

San Francisco Put Limit on Airbnb Rentals to 2 Months Read More »

utilities

Renters Hope to Save More Money on Utilities Rather Than Rent

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Today’s News Synopsis: The Mortgage Bankers Association reported an 8% increase in mortgage purchase applications for the year.   With the increase in mortgage rates and cost for borrowing, we may see some changes in the housing market, including less construction and people buying smaller homes.  According to Freddie Mac, people renting are looking for

Renters Hope to Save More Money on Utilities Rather Than Rent Read More »

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