Today’s News Synopsis:

Facebook has launched “Dynamic Ads For Real Estate.”  According to the latest Equity report from CoreLogic, the percentage of homes in the U.S. with positive equity is at a high percentage of 93.9%.  Realtor.com figured out how long it would take to save for a down payment on a house depending on your profession.

In The News:

Realtor.com – “Depending on Your Job, It Could Take 2 Years-or 25-to Save for a House” (8-14-2017)

“Of all the terrifying challenges that define life, saving up for a down payment on a home is way up there—somewhere between learning to ride a two-wheeler and surviving open heart surgery.”

Bloomberg – “With Next Recession Looming, Central Banks Better Make Peace With Negative Rates” (8-14-2017)

“Negative interest rates are back in the spotlight.  Investors and analysts are redoubling their warnings that with global borrowing costs already so low, central banks will need to be prepared to cut interest rates deep into negative territory in the next economic downturn.”

CNBC – “Homebuyers put less and less skin in the game, adding to the market’s overall risk” (8-14-2017)

“It feels like déjà vu in mortgage land all over again.  Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing market, and specifically, home prices, falter yet again.”

The Mercury News – “Real estate: Developer describes ‘epic’ impact of Google’s downtown San Jose plans” (8-14-2017)

“Mike Kim grew up in San Jose and can deftly describe the transformation of the city’s downtown — its gradual, and at times painful, progress toward becoming an urban destination.  Planners and developers have been waiting for the day when there are enough feet in the street to create a big city vibe in the downtown core..”

Seeking Alpha – “Self-Storage REITs Hit Rock Bottom” (8-14-2017)

“In our “REIT Rankings” series, we introduce and update readers to one of the thirteen REIT sectors. We rank REITs within the sectors based on both common and unique valuation metrics, presenting investors with numerous options that fit their own investing style and risk/return objectives.”

PYMNTS.com – “Facebook Takes On Zillow With Dynamic Ads For Real Estate” (8-14-2017)

“With two billion active monthly users, Facebook is leveraging its massive audience against a new vertical: real estate.  According to reports, the social media giant has launched “Dynamic Ads For Real Estate,” a new advertising feature that might just challenge Zillow’s supremacy in the digital retail arena.”

National Mortgage News – “CFPB foes use well-worn consumer tactic against agency” (8-14-2017)

“Consumer groups have long denounced the influence of big banks and for-profit companies on agency rulemakings, often pointing to the number of meetings held between regulators and institutions about a proposal.”

Cyndi Mino Real Estate – “93.9% Of Homes in The US Have Positive Equity” (8-14-2017)

“CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017.  The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.”