The Upper East Side brownstone that appeared in 1961's Breakfast at Tiffany's is for sale and the four-story pad will only run you about, oh, $8 million. Some brief cinematic history: While the film's interior scenes were shot on a constructed set, the building's exterior—chic emerald doors included—was used for many primary shots throughout.
http://www.eonline.com/news/593492/holly-golightly-s-apartment-in-breakfast-at-tiffany-s-is-for-sale-for-8-million-get-the-scoop
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Personal income increased $22.7 billion, or 0.2 percent, and disposable personal income (DPI)
increased $15.7 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) decreased $19.0 billion, or 0.2 percent. In August,
personal income increased $50.7 billion, or 0.3 percent, DPI increased $37.5 billion, or 0.3 percent,
and PCE increased $58.7 billion, or 0.5 percent, based on revised estimates.
Real DPI increased less than 0.1 percent in September, compared with an increase of 0.3
percent in August. Real PCE decreased 0.2 percent, in contrast to an increase of 0.5 percent. From the U.S. Department of Commerce
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Shared and taken by Xalima Miriel, Somewhere in Spain
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Yesterday, the market received positive economic news as the Commerce Department reported that the GDP rose 3.5% in the third quarter vs. a forecast of 3.1%. It was also reported that fewer Americans filed for jobless benefits in the last month than at any time over the last 14 years. The four-week average (for the week ending 10/25) of jobless claims fell to 281,000 vs. 281,250 the week prior. Investors breezed past yesterday's positive reports, focusing instead on where that strength came from – defense spending, and where it came less from -- personal consumption, with Treasury yields and mortgage prices improving as a result. -- Kevin Jones kevin.jones@lionbank.com
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Homeowners are taping into their home equity at double the pace due to continual home price increases, pulling more borrowers out from underwater, Freddie Mac’sthird-quarter refinance report said.
However, despite the surge in demand, the dollar volume remains very low at an estimated $8 billion. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/31911-freddie-mac-homeowner-demand-for-home-equity-loans-doubles
-----------------------------------------------Shared by Gia Huy Au Duoung, Catholic Church, Duc Ba, in Ho Chi Minh City
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For the second month in a row construction spending took a downturn, dropping 0.4% in September after August’s 0.8% drop. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31928-construction-spending-declines-for-second-month
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Home price appreciation was positive for all 50 states in September compared to last year. The greatest home value growth was seen in Michigan (10.3%), followed by Montana (10%), Maine (9.6%), Massachusetts (8.8%) and California (8.5%). -- Evan Nemeroff in Origination News
http://www.nationalmortgagenews.com/news/origination/home-prices-increase-56-in-september-corelogic-1043048-1.html?
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Shared and taken by John Brody, Notre Dame, Paris
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“There has been a clear bifurcation in home price growth for lower-end versus upper-end properties in 2014,” said Sam Khater, deputy chief economist at CoreLogic. “As of December 2013, both lower-end and upper-end property prices were up 9.7 percent on a year over year basis. As of September, lower-end prices were up 9.4 percent but upper-end prices were up only 4.5 percent.” -- Brena Swanson in HousingWire
http://www.housingwire.com/articles/31940-corelogic-home-price-growth-clearly-slowing
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With Tuesday’s WWE beat down and Republicans now in in control of the Senate, the question becomes what will happen with housing and the reform of the government-sponsored enterprises.
Unfortunately, not a lot. -- Trey Garrison in HousingWire
http://www.housingwire.com/blogs/1-rewired/post/31958-heres-what-a-gop-senate-means-for-fannie-and-freddie
-----------------------------------------------Shared and taken by M. Friedrich, Wimereux - Frankreich
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The Millennial Myth
My 28-year-old son isn't ready to buy a home of any kind; he's still figuring out his life. My 60-year-old friends aren't planning on going anywhere anytime soon. In a few years, both of these demographics will start thinking real estate. Boomers will finally list and move on to new adventures. This will bring much needed inventory to our market so that the move-up buyers have something to buy. Millennials will figure out what they want, and when homeownership is part of that vision they'll begin buying at the lower end. The whole market will start to re-engage in new ways, with new properties and new ideas. -- Amy Tierce in Origination News
http://www.nationalmortgagenews.com/news/commentary/lets-talk-about-the-millennial-myth-1043071-1.html?
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Shared by Dimitri Jurkov, Moscow
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