Gary Vaynerchuk Addresses Real Estate and Social Media

Gary V addresses Real Estate and Social Media
https://www.youtube.com/watch?v=h6M3PsghaI4&list=PLfA33-E9P7FC0AoARnMLvgFgESJe4_Ngs
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San Francisco-based Top Agent Network filed suit Monday in U.S. District Court for the Northern District of California against Zillow (Z), alleging theft of its proprietary trade secrets to create the highly touted “Coming Soon” feature. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31854-top-agent-network-sues-zillow-alleging-fraud-stolen-trade-secrets
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Shared and taken by unknown!!!!  Home in Serbia

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For six years the Fed has bought trillions of dollars’ worth of U.S. Treasuries and mortgage-backed securities in an attempt to jump-start the U.S. economy. As a result, its balance sheet has increased to a record 25% of the nation’s gross domestic product—higher than at the end of World War II or at the heart of the Great Depression. Attention has already shifted to future interest-rate hikes, the next logical step in this dreaded tightening cycle, which the market believes will begin somewhere between the middle of next year and the beginning of 2016.  -- Brad Hoppman in Uncommon Wisdom Daily
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Trulia: Markets Where Obama Won in 2012 Have Lowest Housing Affordability

http://nationalmortgageprofessional.com/news63428/trulia-markets-where-obama-won-2012-have-lowest-housing-affordability

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Shared and taken by M. Friedrich,  Schönes Wochenende

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To put this into numbers, John Burns Real Estate Consulting reported that college debt is increasing by 6% every year and heavy college debt will reduce real estate sales by 8% for this year. -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31878-this-chart-shows-exactly-how-student-debt-blocks-housing
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The U.S. Federal Housing Finance Agency (FHFA) announced this month that it plans to reduce down-payment requirements on guaranteed mortgages to 3 percent from 5 percent to spark the sagging home market. -- Dan Weil in Money News
http://www.moneynews.com/StreetTalk/Schwartz-risks-easy-mortgages/2014/10/27/id/603438/?
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Shared and taken by John Brody, Louvre

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Perhaps more concerning, the number of Americans who own their own home, mortgaged or not, continues to slip.
The homeownership rate of 64.4% was 0.9 percentage points lower than the third quarter 2013 rate (65.3%) and 0.3 percentage points lower than the rate last quarter (64.7%). -- Brena Swanson in HousingWire
 http://www.housingwire.com/articles/31860-census-bureau-homeownership-continues-to-drop
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Real gross domestic product -- the value of the production of goods and services in the United
States, adjusted for price changes -- increased at an annual rate of 3.5 percent in the third quarter of
2014, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent.  -- From the Department of Commerce
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Shared and taken by John Brody, Stone Mansion on Canal in Bruges, Belgium 

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30 Year Fixed: 3.990%		APR 4.189%
15 Year Fixed: 3.125%		APR 3.349%
7/1 ARM: 3.000%		APR 3.289%
5/1 ARM: 2.750%		APR 2.949%
FHA 30 Year Fixed: 3.500%		APR 5.249%
Jumbo 30 Year Fixed: 3.875%		APR 3.979%
Jumbo 15 Year Fixed: 3.375%		APR 3.649%
Jumbo 7 year ARM: 3.250%		APR 3.436%
Jumbo 5 year ARM: 2.875%		APR 3.219%
VA: 3.625%		APR 5.869%

Sam Thompson, NorthPoint Mortgage
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Nat'l Real Estate Post:
FHA is sitting on half a billion in unclaimed refunds.  If you, or anyone you know, have had an FHA mortgage, you may be eligible for a refund--  http://www.hud.gov/offices/hsg/comp/refunds/index.cfm
State Attorneys General are unregulated when it comes to lobbyists.  They can accept all kinds of "donations" to their campaigns.  Maybe the banks should have had this strategy when  they were being sued be everybody and their dog.
http://thenationalrealestatepost.com/ags-taking-bribes-to-look-the-other-way/?
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Shared and taken by Werner Polwein, Berlin, Regierungsviertel

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Hidden Water Pool! Cool Design!

...this may be better than a pool. It’s definitely cheaper. And it’s cheaper without being an above-ground alternative, which brings the unfortunate side effect of attracting mobile homes or vinyl siding. And it solves the whole patio problem I just made up a few lines ago.
-- Trey Garrison in HousingWire
http://www.housingwire.com/blogs/1-rewired/post/31838-this-is-the-insane-poolpatio-that-everyone-is-going-crazy-over
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Nat'l Real Estate Post:
The Federal Gov't is examining non depository lending institutions.  Hopefully, they will see that more options for consumers drive down costs.  We can only hope.
http://thenationalrealestatepost.com/non-depository-lenders-under-review/?

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Shared and taken by Xalima Miriel

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Year-over-year the housing market is improving despite recording a slight drop month-over-month from July to August, the Freddie Mac Multi-Indicator Market Index revealed.

The national MiMi came in at 73.3, indicating a weak housing market overall and showing a slight decline (-0.19%) from June to July and a 3-month decline of (-0.47%). -- Brena Swanson in HousingWire  http://www.housingwire.com/articles/31835-freddie-mac-here-are-the-top-5-improving-metro-housing-markets

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Gains in sales of new single-family houses in September 2014 came to a screeching virtual halt, printing at a seasonally adjusted annual rate of 467,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. -- Trey Garrison in HousingWire

http://www.housingwire.com/articles/31831-new-home-sales-gains-screech-to-a-virtual-halt-in-september

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Shared by Gia Huy Au Duong, Ho Chi Minh City


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The Federal Housing Finance Agency is taking the right steps to increase the availability of mortgage credit and reduce the uncertainty about loan putbacks, according to homebuilders.

"We are encouraged by the proposed changes at FHFA, which have the potential to improve mortgage availability, particularly for first-time homebuyers," said Richard Dugas, the chairman and chief executive of the Pulte Group. -- Brian Collins in Origination News

http://www.nationalmortgagenews.com/news/origination/builders-optimistic-about-gse-regulators-new-policies-1042962-1.html?

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30 Year Fixed: 3.875%		APR 4.089%
15 Year Fixed: 3.000%		APR 3.238%
7/1 ARM: 2.875%		APR 3.289%
5/1 ARM: 2.625%		APR 2.869%
FHA 30 Year Fixed: 3.500%		APR 5.249%
Jumbo 30 Year Fixed: 3.875%		APR 3.979%
Jumbo 15 Year Fixed: 3.250%		APR 3.449%
Jumbo 7 year ARM: 3.125%		APR 3.326%
Jumbo 5 year ARM: 2.875%		APR 3.219%
VA: 3.500% Steve Thompson At NorthPoint Mortgage		APR 5.769%

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Shared and taken by M. Freidrich

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The IRS sells at auction in all 50 states.  If you are interested in auctions, take a look at the website.
http://www.treasury.gov/auctions/irs/daga_real_7557.htm
56.39 acre parcel with three structures on it, as follows:

1) 2,079 sq. ft. single family residence built in 1964; Currently leased.

2) Manufactured home; Currently leased.

3) Dilapidated home - unlivable.

Property is more commonly known as 112 W. C. Grant Rd., Dallas, GA 30132
Parcel No. 117.4.1.002.0000

Minimum Bid:

$120,000.00

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The year’s largest portfolio of pre-bust non-agency debt is set to trade this week. Investors looking to get their hands on vintage subprime, Alt-A fixed-rate, or Alt-A adjustable rate bonds will have plenty of opportunities when $4.6 billion in vintage debt hits the market Tuesday. -- Ben Lane in HousingWire  http://www.housingwire.com/articles/31850-massive-subprime-mortgage-bond-portfolio-ready-to-trade
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Shared and taken by Werner Polwein, Berlin Mall

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Although pending homes sales only recorded a meager increase in September, the index is officially above year-over-year levels for the first time in 11 months, the most recent report from the National Association of Realtorssaid.
“Housing supply for existing homes was up in September 6% from a year ago, which is preventing prices from rising at the accelerated clip seen earlier this year,” Lawrence Yun, NAR chief economist, said. “Additionally, the current spectacularly low mortgage rates should help more buyers reach the market.”
-- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31845-pending-homes-sales-slightly-increase-in-september
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Meanwhile, delinquencies continued to decline, too. The U.S. loan delinquency rate — loans 30 or more days past due, but not in foreclosure — at the end of September was 5.67%, down 3.9% month-over-month and a 12% drop compared to the same time period last year. -- Evan Nemeroff in Origination News  http://www.nationalmortgagenews.com/news/origination/foreclosure-inventory-reaches-february-2008-figures-black-knight-1042964-1.html
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Shared and taken by Norbert Metz, Station of the Suspension Railway in Wuppertal / Germany


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Headed for Another Crash? Current Wealth to Income Ratio Says......

Nat'l Real Estate Post:
Everytime since 1900, when the ratio of wealth to household income passes 6, the bottom falls out of housing. We are there again. Unless people here in America start making a whole lot more income, we will have another crash!
http://thenationalrealestatepost.com/this-graph-shows-potential-danger-ahead/?--------------------------------------------
The amount of seriously underwater properties plunged to the lowest level in two years, with 8.1 million U.S. residential properties seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value,RealtyTrac’s U.S. home equity and underwater report for the third quarter of 2014 said.

This represents 15% of all properties with a mortgage and an estimated $1.4 trillion in negative equity. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/31814-realtytrac-seriously-underwater-homes-hit-2-year-low

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Shared and taken by Valentina Cirosola, Picasso Museaum, Barcelona Spain

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Fannie says that although a variety of factors are slowing growth on a global scale, which may discourage theFederal Reserve Board from making any changes in interest rate policy until Q3 2015, the global economic slowdown has had little negative impact on the fundamentals of the U.S. economy so far. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31822-fannie-mae-positive-on-us-economy-despite-global-growth-decline

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Mortgage rates continued to fall after last week’ssignificant drop and dipped to the lowest level since the week of June 6, 2013, the latest Freddie Mac Primary Mortgage Market Survey said. -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31818-freddie-mac-mortgage-rates-continue-to-fall-below-4
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Shared and taken by Norbert Metz, Suspension- railway at the Station "Vohwinkel" / Wuppertal

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A significant number of millennials aspire to become homeowners within the next five years, according to a recent survey, despite income and student debt burdens. -- Amilda Dymi in NationalMortgageNews.com
http://www.nationalmortgagenews.com/news/origination/many-millennials-planning-to-become-homeowners-by-2020-1042948-1
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Warren, the Democratic Senator from Massachusetts, has long been at the forefront of Washington’s fight for financial reform. She was instrumental in the formation of the CFPB and now she has her sights set on nonbank mortgage servicers. -- Ben Lane in HousingWire http://www.housingwire.com/articles/31808-warren-calls-for-gao-investigation-of-nonbank-servicers
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Shared and taken by Dieter Birr, Hopfensee/Germany

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The refinancing gauge jumped 23.3% while the purchase applications measure dropped 4.6%.  -- Bloomberg News  http://www.nationalmortgagenews.com/news/origination/mortgage-applications-jump-116-as-refinancing-surges-1042946-1
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Fannie Mae CEO Timothy Mayopoulos said the government-sponsored enterprise will soon begin offering a 97% loan-to-value mortgage. -- Jacob Gaffney in HousingWire
http://www.housingwire.com/articles/31783-fannie-mae-will-buy-97-ltv-mortgages
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Nat'l Real Estate Post:
Dodd-Frank Act reduced the number of low to middle income people who can own a home and the number of community banks servicing those loans.  Dodd-Frank hurts the very people it was suppose to help.
http://thenationalrealestatepost.com/feds-meeting-to-ease-lending-requirements/?
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Shared and taken by Xalima Miriel, Ancient bathroom,  Castle  d'Urtubie, France

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China is now on track to miss its government's full-year growth target for the first time in 16 years. And unless things pick up soon, 2014 could be the worst for GDP in 26 years.

A key culprit is the country's collapsing real estate market. Home sales plunged by almost 11 percent in the first three quarters of 2014, while investment in fixed assets rose at the slowest pace since 2001. -- Mike Larson in Money and Markets

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Sales of new single family houses in September 2014 were 467,000 at a seasonally adjusted annual rate, up 0.2 percent from August’s revised rate and up 17.0 percent from September 2013.  According to HUD.

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Shared and taken by Xalima Miriel, Architecture, Building IBERDROLA, Bilbao

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Medical Records Off Limits to Lenders

When it comes to verifying the continuity of mortgage applicants' long-term disability income during underwriting, recently settled regulatory complaints have made it abundantly clear that medical records are off limits to lenders. -- Bonnie Sinnock in Origination News
http://www.nationalmortgagenews.com/news/origination/no-doctor-underwriting-required-to-verify-disability-income-1042802-1.html
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Nat'l Real Estate Post:
Chase is the biggest contributor of the banks to contribute to Republican coffers.  More banks are supporting Republican candidates than Democrat.
http://thenationalrealestatepost.com/midterms-changing-lending-tides/?
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Shared and taken by Xalima Miriel, San Martin de Trevejo, Spain

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Nat'l Real Estate Post:
Many lenders (Mountain View Lending for one) are beginning to bring back subprime loans (i.e. for self-employed, those just out of bankruptcy, low credit scores)
http://thenationalrealestatepost.com/subprime-on-the-rise/?
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Mortgage applications reverse trend rising 3.8%

Refinancings hold steady at 56%

Trey Garrison in HousingWire

http://www.housingwire.com/articles/31639-mortgage-applications-reverse-trend-rising-38

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Shared and taken by M. Friedrich, Belgium

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Diminishing value is something that’s been slowly creeping into the real estate industry for some time now. There’s less of a need for real estate agents who exist solely to provide consumers with information already available to them via Zillow. -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31632-the-potential-threat-to-old-school-real-estate-agents
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Nat'l Real Estate Post:
Ever heard of mini-correspondants?  They are able to get around Dodd-Frank regulations.  NAR supports them.
http://thenationalrealestatepost.com/nar-issues-cfpb-warning/?
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Shared and taken by Mike Wilson, Black and White of the Portuguese Catholic Church San Jose Ca

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Americans' Attitudes on Housing Return to Positive Trend; Indicators Suggest Continued Modest Recovery in 2015
http://www.fanniemae.com/portal/research-and-analysis/housing-survey.html
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San Francisco-based Social Finance is expanding past its standard student loan refinancing products and moving into the next important stage for financial borrowers, purchasing a home.

SoFi’s mortgages help homeowners in 4 specific ways:

1. Low down payment options: SoFi offers mortgages with as little as 10% down on loans up to $3 million.
2. Accessibility for first time homebuyers:Jumbo mortgages and first-time homebuyers are not required to have private mortgage insurance.
3. Easy pre-qualification: Applicants are able to find out their rates and eligible loan amounts, in less than 24 hours, without completing a full application.
4. Faster financing: SoFi uses a unique automated valuation model for property appraisals that does not require an in-person appraisal to approve a loan.  Typical applications close in fewer than 21 days, compared to an industry average of 30-45 days. 

Brena Swanson in HousingWire
http://www.housingwire.com/articles/31642-heres-how-one-student-loan-lender-will-get-mortgages-to-millennials
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Shared and taken by Darja Vizjak, Celje, Slovenia

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Freddie Mac is building a business to originate small apartment loans, between $1 million and $5 million, as part of its mandate to support affordable housing.
The average loan will be about $2.5 million, the McLean, Virginia-based company said today in a statement. The mortgage giant plans to originate as much as $1 billion of such debt in 2015, according to David Brickman, the head of multifamily operations at Freddie Mac. (FMCC)
Sarah Mulholland in Bloomberg News
http://www.bloomberg.com/news/2014-10-09/freddie-mac-expands-into-small-apartment-mortgages.html
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Consumer borrowing for August grew 5 percent to $3.24 trillion, according to last week’s report from the Federal Reserve. While consumer credit was still growing, the pace had slowed to its lowest level since November 2013, and the month’s total growth of $13.5 billion was well below market expectations of $20 billion. 

The big driver for August’s lackluster scores was poorly performing credit cards. Revolving debt, such as credit cards, decreased by 0.3 percent to $880.3 billion, while non-revolving debt, such as student or car loans, grew 7 percent to $2.36 trillion. 
brian.daiker@movementmortgage.com
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Shared and taken by Norbert Metz, Festung Marienberg / Würzburg

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Hispanics are likely to drive housing demand in the coming years, with the population expected to more than double to about 128 million by 2060, according to the Vice President of Housing and Community Outreach at Freddie Mac Christina Diaz-Malone.   (Infographic)
Brena Swanson in HousingWire
http://www.housingwire.com/articles/31616-freddie-mac-infograph-hispanics-drive-future-of-homeownership
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From CoreLogic: CoreLogic Reports Home Prices Rose by 6.4 Percent Year Over Year in August 2014
Read more at http://www.calculatedriskblog.com/2014/10/corelogic-house-prices-up-64-year-over.html#bXKuHLV9qXhxyF3P.99
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Shared and taken by Jasbir Randhawa, Courtyard of the Chokhang Vihara or Soma Gompa (Buddhist monastery) in  Leh (3,524 metres/11,562 feet altitude), the capital of Ladakh province in the Himalayan State of Jammu & Kashmir, N. India

Housing Shortage in the Spring?

Nat'l Real Estate Post:
Builders confidence is at a 9 yr high, but we are 40% low on new housing starts.  If this keeps up, we will have a housing shortage in the spring.
http://thenationalrealestatepost.com/do-aliens-help-housing/?
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ZeroHedge has long stated that San Francisco is the canary in the American housing coalmine, and after a double round of bad housing news, that canary is looking green around the gills. To wit:
... which now also means that the ultra high end of US housing is now sliding fast, and that unless some other central banks steps up and resumes the injections of some $100 billion in outside money into inflating asset prices such as stocks and billionaire mansions, then all bets are soon off. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31543-zerohedge-americas-most-important-housing-metro-flashing-red
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Shared and taken by Dieter Birr, Ulmer Münster

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Nationally, in a broader index, prices rose 5.6 percent above July 2013, after a 6.3 percent gain for the year in June. -- Vicki Needham in thehill.com
http://thehill.com/policy/finance/219314-home-prices-fall-in-july
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The Realtors project that 4.94 million existing homes will be sold this year, down 3 percent from 5.09 million in 2013. Analysts generally associate sales of roughly 5.5 million existing homes with a healthy market. -- From MoneyNews http://www.moneynews.com/Economy/Pending-Home-Sales-Housing-Economy-Real-Estate/2014/09/29/id/597432/
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Shared and taken by Norbert Metz, Cathedral of Altenberg / Germany

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“This supply response will see house price inflation fall to around 4% per annum by the end of this year and sustain that level for the next few years,” Diggle says. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31516-capital-economics-home-price-growth-will-slow-to-4-annualized
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Shared and taken by M. Freidrich, France

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According to Clark Howard, 15yr mortgage rates for good credit fell to the 2....% range and 30 year fell to the 3...% range.
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Seeking to expand on its pool of potential real estate buyers, Auction.com has created a new division to help commercial and residential real estate investors obtain financing.  Ben Lane in HousingWire
http://www.housingwire.com/articles/31665-auctioncom-launches-auction-finance-to-spur-investor-activity
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Shared and taken by Xalima Miriel, San Martin de Trevejo, Spain

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Their report estimates that heavy college debt will reduce real estate sales by 8% for this year, and that households that pay $750 or more for college loan debt each month are priced out of the housing market entirely.  -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/31643-student-debt-costs-housing-83b-a-year
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From the same guys that brought you “What bankers really think about President’s Day,” “The Columbus Day video Most Banks Don’t Want You to See,” brings another dose of friendly, patriotic, humor to the forgotten holiday.  -- Brena Swanson in HousingWire
http://www.housingwire.com/blogs/1-rewired/post/31671-watch-this-hilarious-columbus-day-video-all-about-bankers