Today’s News Synopsis:

Trulia’s latest report showed the workers who are having the hardest time finding a home in their own town where they work are teachers, police officers, firefighters, and restaurant workers.  According to the latest Housing Aspirations Report from Zillow, 70% of renters are not becoming homeowners because they struggle the most with making a down payment.  Actor Jeremy Renner is looking to flip another home in Modesto.

In The News:

DS News – “Quicken Reports Widening Appraiser-Homeowner Disconnect” (4-11-2017)

“The disconnect between appraisers and homeowners continues. According to the Home Price Perception Index released Tuesday morning, appraised values were 1.77 percent less than homeowner estimates in March.”

Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (4-12-2017)

“Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2017.”

CNBC – “Immigrant households impact success of real estate market, says report” (4-12-2017)

“The United States is famously a nation built by immigrants. And according to a new study by the Urban Land Institute, Home in America: Immigrant Housing Demand, they are poised to play an increasingly large role in the real estate and housing industry in the next few decades.”

Realtor.com – “Jeremy Renner Looks to Flip Out Again, This Time in…Modesto?!” (4-12-2017)

“Actor Jeremy Renner has a penchant for flipping houses in Los Angeles, and he’s made millions remodeling homes in the Hollywood area.”

Bloomberg – “A Secluded Moroccan Palace Favored by Hollywood’s A-List” (4-12-2017)

“Most of the houses in the Medina section of Marrakech—the city’s historic center and now a UNESCO heritage site—aren’t much to look at from the outside. Narrow streets are hemmed in by high, virtually windowless walls.”

Trulia – “Teacher, Teacher, Can You Live Here?” (4-12-2017)

“With home prices on the rise across the county and inventory at historic lows, homeownership is even more out of reach for many middle-income Americans.”

Zillow – “Down Payment Holding Back Renters from Buying a Home” (4-12-2017)

“Even though a mortgage payment is more affordable than a rent payment on a monthly basis, renters say they can’t buy a home due to the pricey down payment, according to the first Zillow® Housing Aspirations Report (ZHAR).”