Building permits in July 2014 were at a seasonally adjusted annual rate (SAAR) of 1,052,000, up 8.1 percent from the revised June rate and up 7.7 percent from July 2013.
Housing starts in July 2014 were at a SAAR of 1,093,000, up 15.7 percent from June and up 21.7 percent from July 2013. --Economic Indicators
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RealtyTrac: Cash purchases disappearing from home sales
While the cash sales decline is moderate, the share of those sales from institutional investors, entities that purchase at least 10 properties in a calendar year, fell in the second quarter to 4.7%, which marks the lowest level since the first quarter of 2012. -- Ben Lane in HousingWire http://www.housingwire.com/articles/31075-realtytrac-cash-purchases-disappearing-from-home-sales
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Shared by Amazing Ideas, the floor is completely flat!
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Housing starts surged in July to the highest level in eight months, underscoring the recent pickup in builder optimism as the residential real estate market gains some traction. -- Bloomberg News
http://www.nytimes.com/2014/08/20/business/economy/housing-starts-rally-to-reach-8-month-high.html?_r=0
Housing starts surged in July to the highest level in eight months, underscoring the recent pickup in builder optimism as the residential real estate market gains some traction. -- Bloomberg News
http://www.nytimes.com/2014/08/20/business/economy/housing-starts-rally-to-reach-8-month-high.html?_r=0
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After plunging in June, housing starts and housing permits recovered in July, printing at 1,093,000 and 1,052,000, respectively.
The bad news is that almost all of those gains from June to July in starts and permits are in multifamily rental housing. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31077-multifamily-housing-starts-soar-while-single-family-permits-remain-flat
After plunging in June, housing starts and housing permits recovered in July, printing at 1,093,000 and 1,052,000, respectively.
The bad news is that almost all of those gains from June to July in starts and permits are in multifamily rental housing. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31077-multifamily-housing-starts-soar-while-single-family-permits-remain-flat
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Shared and taken by Walter Gronski, sunset on a new shed in Perth, Australia
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Nat'l Real Estate Post:
HUD is starting a new program for buyers who haven't owned a home in at least 3 years. The program's name is HAWK or Homeowners Armed With Knowlege. If the buyers go through the whole program, the MI goes down to 1.1%. It entails attending some classes.
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Why We Should Scrap Mortgage Interest Deductions
Why We Should Scrap Mortgage Interest Deductions
But such support is misplaced. Over 64% of the MID tax benefits go to tax filers earning more than $100,000, according to our new study released through the Mercatus Center at George Mason University. While the upper middle class does benefit from the deduction, the vast majority of the dollar benefits go to higher-income taxpayers. Little to no dollar benefits go to low-income households that purchase a home. --
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Shared by Tina En, Scotland Castle
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At the national level, U.S. home prices in June were up 0.8% from May, and 5.5% from this time last year, according to the data and analytics division of Black Knight Financial Services. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31143-black-knight-home-prices-in-june-rose-55-yoy
At the national level, U.S. home prices in June were up 0.8% from May, and 5.5% from this time last year, according to the data and analytics division of Black Knight Financial Services. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31143-black-knight-home-prices-in-june-rose-55-yoy
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The CFPB’s mission is, as you might expect, is allegedly to protect consumers.
But it turns out that according to a June 2014 performance audit from the Government Accountability Office commissioned by Rep. Shelley Moore Capito (R-W.Va.), as of May of this year, the CFPB had collected more than $139 million in civil penalties but allocated a mere $31 million to harmed consumer compensation. -- Ben Howe in RedState.com http://www.redstate.com/2014/08/22/consumer-financial-protection-bureau-bilks-taxpayers-millions/
The CFPB’s mission is, as you might expect, is allegedly to protect consumers.
But it turns out that according to a June 2014 performance audit from the Government Accountability Office commissioned by Rep. Shelley Moore Capito (R-W.Va.), as of May of this year, the CFPB had collected more than $139 million in civil penalties but allocated a mere $31 million to harmed consumer compensation. -- Ben Howe in RedState.com http://www.redstate.com/2014/08/22/consumer-financial-protection-bureau-bilks-taxpayers-millions/
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Shared and taken by Werner Polwein, Saigon
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Mortgage applications rise 1.4% even as government mortgages drop
Refinancings increase to 55% share of mortgage application activity
http://www.housingwire.com/articles/31096-mortgage-applications-rise-14-even-as-government-mortgages-drop
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http://www.housingwire.com/articles/31097-what-can-you-get-for-1-million-in-housing-these-days
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What can you get for $1 million in housing these days?
Home values are down 11% from their pre-meltdown peak in 2007, and $1 million doesn’t go nearly as far as it used to, according to Zillow’s (Z) number crunchers. -- Trey Garrison in HousingWirehttp://www.housingwire.com/articles/31097-what-can-you-get-for-1-million-in-housing-these-days
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Shared and taken by Valentina Cirosola, Matera Courtyard - Lucania, Italy
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Nat'l Real Estate Post:
HUD money that’s allocated for subsidized housing in many cities comes with requirement. First of all there can be no discrimination of course, but there may be a new class of person that needs some protecting. That would be those with a criminal record.
http://thenationalrealestatepost.com/housing-vouchers-for-criminals/?
Nat'l Real Estate Post:
HUD money that’s allocated for subsidized housing in many cities comes with requirement. First of all there can be no discrimination of course, but there may be a new class of person that needs some protecting. That would be those with a criminal record.
http://thenationalrealestatepost.com/housing-vouchers-for-criminals/?
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According to the latest real estate market report fromZillow, homes remain more affordable to buy in 94 of the country’s 100 largest metros compared to historic averages. On the other hand, renting is more expensive than ever in 88 of the country’s 100 largest markets. -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31108-benefits-of-homeownership-officially-outweigh-renting
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According to the latest real estate market report fromZillow, homes remain more affordable to buy in 94 of the country’s 100 largest metros compared to historic averages. On the other hand, renting is more expensive than ever in 88 of the country’s 100 largest markets. -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31108-benefits-of-homeownership-officially-outweigh-renting
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Shared by Gia Huy Au Duong, from World of Photography, Wengen, Swiss Alps, Canton Bern, Switzerland
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Realtor.com is touting data from July showing that, by its metrics, July shows the best price appreciation and inventory increases hit during the peak spring buying season in three years. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31107-realtorcom-july-boasts-the-healthiest-end-to-spring-buying-season-in-3-years
Realtor.com is touting data from July showing that, by its metrics, July shows the best price appreciation and inventory increases hit during the peak spring buying season in three years. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31107-realtorcom-july-boasts-the-healthiest-end-to-spring-buying-season-in-3-years
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In the last year, single-family home starts rose 10.1%. Multi-family home starts (i.e., apartments, duplexes and condominiums) jumped 44.7%.
That’s right. Builders are constructing apartments and condos at a rate more than four times faster than single-family homes! -- Dan Hassey in Uncommon Wisdom
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Shared and taken by Norbert Metz, Bamberg, Germany
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In July, housing inventories rose 2.3 percent year-over-year, as the median list price posted a 7.5 percent increase year-over-year, realtor.com® reports. The median list price was $214,900 nationwide in July. "Despite higher prices and more homes on the market, buyers are snatching up properties faster than last year," realtor.com® reports. -- Sam Thompson for NorthPoint Mortgage
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Sam Thompson also contributes:
Shared and taken by Norbert Metz, Bamberg, Germany
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In July, housing inventories rose 2.3 percent year-over-year, as the median list price posted a 7.5 percent increase year-over-year, realtor.com® reports. The median list price was $214,900 nationwide in July. "Despite higher prices and more homes on the market, buyers are snatching up properties faster than last year," realtor.com® reports. -- Sam Thompson for NorthPoint Mortgage
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Sam Thompson also contributes:
30 Year Fixed: 4.125%
|
APR 4.272%
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15 Year Fixed: 3.125%
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APR 3.313%
| |
7/1 ARM: 3.125%
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APR 3.431%
| |
5/1 ARM: 2.750%
|
APR 3.140%
| |
FHA 30 Year Fixed: 3.750%
|
APR 5.423%
| |
Jumbo 30 Year Fixed: 4.000%
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APR 4.177%
| |
Jumbo 15 Year Fixed: 3.375%
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APR 3.540%
| |
Jumbo 7 year ARM: 3.125%
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APR 3.326%
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Jumbo 5 year ARM: 2.875%
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APR 3.212%
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