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Americans are becoming more optimistic about buying a home, with 67% of people saying they plan on purchasing a home, and of that amount, 32% are looking to buy within the next two years. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/29866-americans-are-ready-to-spend-moneyespecially-on-housing
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Shared by Uros Kralj, taken by Mohamed Mostafa
Adobe Sunset, New Mexico
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Bank of America lost track of $2.7 Billion. It is lost in the derivatives contracts disaster of 2009 when it bought Merrill Lynch. So, which other banks have accounting disasters hiding in their books?
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Despite a weak first quarter, home prices are still expected to rise by 7% in 2014, according to Wall Street analysts. -- Ben Lane in HousingWire http://www.housingwire.com/articles/29815-wall-street-home-price-appreciation-still-expected-to-hit-7
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Shared by Yusef Ziya, taken by Tatiana Garmatiy
Thailand
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The future of the housing market and our economy depends on politics. Bummer. So, get involved so that we can all make more money and have a better life. Listen to what your politicians are saying and write them about how you think they are doing their job. Your quality of life and that of your family and friends depends on you getting involved. JP
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The February to March increase in exports of goods reflected increases in
capital goods ($2.1 billion);
industrial supplies and materials($0.9 billion);
automotive vehicles, parts, and engines ($0.6 billion);
other goods ($0.3 billion);
and
foods, feeds, and beverages ($0.1 billion).
A decrease occurred in consumer goods ($0.3 billion). From EconomicIndicators.gov
------------------------------------------Shared by Gia Huy Au Duong, originally posted by Industry Tap
Manama, Bahrain World Trade Center with Wind Turbines
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“Fewer people prefer existing homes, but those who do point to traditional features and living in a more established neighborhood. For many people, the best of all worlds might be a newly built home in an older neighborhood, said Jed Kolko, Trulia’s chief economist.” -- Trey Garrison in HousingWire http://www.housingwire.com/articles/29915-trulia-american-homebuyers-prefer-new-homes-2-to-1
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"We have always said this recovery would be a slow but steady one, and I think this index continues to prove this," said NAHB chief economist David Crowe. "The year started a bit slower than anyone could have anticipated but we still expect housing to play a greater role in aiding the overall economic recovery this year. The job market continues to mend and that should spur a steady release of pent up demand among home buyers."
The nationwide economic score rose slightly to 0.88 from a revised April reading of 0.87.
Trey Garrison in HousingWire http://www.housingwire.com/articles/29912-homebuilders-optimistic-despite-the-slow-spring
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Shared by Philo Yan, taken by Park Jack
Seoul, Korea
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Commercial and multifamily mortgage loan originations in the first quarter of 2014 were 1% lower than during the same period last year and 45% lower than the fourth quarter of 2013, according to the Mortgage Banker’s Association’s survey of originations.
“Commercial and multifamily borrowing typically starts the year slowly, with less than one-fifth of the annual volume usually done in the first quarter,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. “This year is looking to continue the trend." -- Trey Garrison in HousingWire http://www.housingwire.com/articles/29914-multifamily-commercial-mortgage-loans-stall-out-in-1q2014
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With broad media coverage on rising home prices, everyone from potential borrowers to industry insiders wants to know if housing is finally on safe ground. Home prices are definitely on the rise. Nationally, home prices grew by 14% in 2013, coming on the heels of a 9% rise in 2012. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/29892-gasping-for-air?v=preview
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Shared by M. Freidrich, Door!
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Nat'l Real Estate Post:
We’ve got a few stories today, but one that sticks out is about the CFPB of course. Turns out they’re not tracking how they’re spending all the money they make very well. This is ironic of course because they are very strict with those whom they regulate when it comes to the flow of money. I think we speak for all of us when we say that there needs to be good, honest, fair regulation on the lending industry, but it sure would be nice if it came from an agency that was regulated as well. There’s a lot of money being collected in the spirit of helping the consumer. How that money is spent should be very closely monitored. If the help is for the consumer, then the everyday consumer should have complete transparent access to what has come in and where it has gone. Right? Well it seems someone is trying to at least get them accounting the correct way. We doubt we’ll ever see the consumer get access to seeing where the money was spent that was collected to protect them.
http://thenationalrealestatepost.com/cfpb-slapped-for-accounting-problems
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CoreLogic has released its March CoreLogic Home Price Index (HPI) report, finding that home prices nationwide, including distressed sales, increased 11.1 percent in March 2014 compared to March 2013. http://nationalmortgageprofessional.com/news48875/Home-Prices-Appreciate-11-Percent-Year-Over-Year-March?
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Shared by M. Freidrich, Belgien Brugge
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How To Remain Relevant in Your Shrinking Industry
Remember: If your clients don't benefit from what you’re doing then your work becomes irrelevant -- and so do you. -- Lindsey Broder http://www.entrepreneur.com/article/233589#-----------------------------------------
Nat'l Real Estate Post:
The average person making the average wage with average bills buying the average house at the average age will pay off the loan exactly when they retire. However, because of cashout refinancing, everything gets more expensive and loan officers are pushing to refi when it is not necessary. Self restraint is the key to a happy life with lower bills and more freedom. http://thenationalrealestatepost.com/no-more-cash-out-refinances/?
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Shared by Dieter Birr, Kloster Malbronn
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