Today’s News Synopsis:

WalletHub’s latest report showed the most property taxes are located in states such as New Jersey, Illinois, New Hampshire, and other Democratic states.  The Wealth Report also released their latest data showing the the luxury markets with the most real estate price increases were all in China.  The Mortgage Bankers Association reported a 5.8% increase in mortgage applications from last week.

In The News:

Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (3-1-2017)

“Mortgage applications increased 5.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2017.”

CNBC – “These luxury markets saw the biggest hikes in real estate prices” (3-1-2017)

“The three cities that saw the biggest spikes in luxury real estate prices last year had one thing in common: They were all located in China.”

ARMCO – “Q3 2016 ARMCO Mortgage QC Industry Trends” (3-1-2017)

“ARMCO’s Mortgage QC Industry Trends Report represents an analysis of quality control findings throughout the United States using extensive data derived from the ACES Analytics® benchmarking software.”

NBC Connecticut – “Connecticut Has the 4th Highest Real Estate, Car Taxes” (3-1-2017)

“Think your taxes are too high? Connecticut has the fourth highest real estate and car property tax rates in the United States, according to a study by WalletHub.”

Daily Herald – “Commercial real estate adjusting to rapid growth in Utah County” (3-1-2017)

“Tuesday’s Utah County Commercial Real Estate Symposium centered on the theme, “Adjusting to Rapid Growth.”  This seems to be a timely subject, as Utah County almost takes a small breath before it continues further on its growth trajectory.”

CNBC – “Even successful homebuyers have regrets” (3-1-2017)

“Some homeowners aren’t breaking out the champagne after they’ve closed on their new home purchase.  Nearly half of the homeowners in a recent NerdWallet survey said that they would take a different approach toward buying if they were going through the process again.”

DS News – “New Jersey, Blue States Have Most Property Taxes” (3-1-2017)

“Property taxes are highest in New Jersey, Illinois, New Hampshire, and Democrat-leaning states, according to WalletHub.”

Bloomberg – “Bond Traders Race to Catch Up With Fed’s March Rate-Hike Madness” (3-1-2017)

“The bond market’s skepticism toward the Federal Reserve’s projected path of interest-rate hikes in 2017 is crumbling.”