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With cash-paying investors on full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31439-existing-home-sales-drop-18-on-cash-buyer-retreat
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Shared and taken by Norbert Metz, House facade made of steel plates. Color is that of rusting steel.
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Nat'l Real Estate Post:
Mortgage applications are doing the proverbial seesaw right now, but rest assured winter will drive applications down. Are lenders prepared for a crushing winter? http://thenationalrealestatepost.com/lenders-not-prepared-for-crushing-winter/?
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Home Values Expected to Rise by 3.1 Percent Through August 2015
http://nationalmortgageprofessional.com/news55171/home-values-expected-rise-31-percent-through-august-2015
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Shared and taken by Xalima Miriel, Ancient streets with the prominence of granite stone.
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Higher levels of student debt will reduce U.S. home sales by around 8% this year, according to a report released Friday by John Burns Real Estate Consulting, an advisory firm. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31430-wsj-student-debt-could-cut-home-sales-8-in-2014
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Last year, 27% of those purchasing a home for the first time received a cash gift from relatives or friends to come up with a down payment, according to data from the National Association of Realtors. That’s up from 24% in 2012 and matches the highest share since the group began keeping records in 2009. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31438-parents-hold-key-to-first-time-homebuyer-success
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Shared by Uros Kralj, taken by Charlie Simpson, London From the River.
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Construction of buildings with at least five apartments hit the highest monthly construction pace since the beginning of 2006. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/31361-freddie-mac-heres-why-multifamily-growth-rules-housing
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For those who haven’t been paying attention, the greenback is in the midst of a rally not seen since the 1990s. It’s racing past the euro, the yen and other currencies. Investors worldwide are buying the equivalent of stock in America, Inc.
King Dollar also is a capital magnet. We’re already seeing this as foreigners flock to U.S. assets. The historical relationship is unmistakable. Periods of sustained economic growth and rising living standards are associated with a strong dollar. That was clearly true in the prosperous 1960s, 1980s and 1990s. -- Lawrence Kudlow and Stephan Moore in Human Events http://humanevents.com/2014/09/22/the-return-of-king-dollar/
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Shared by Xalima Miriel, In the shadow of the tree.
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