Expensive Homes Available Everywhere, Modest Priced Ones Not So Much

SEATTLE, Nov. 21, 2014 /PRNewswire/ -- The number of homes for sale continued to increase across the U.S. in October, a good sign for buyers – but with a catch.  In many parts of the country, supply increased more among the most expensive homes than low- and mid-priced homes, according to the October Zillow® Real Estate Market Reports[i]. -- Zillow in PR Newswire http://www.prnewswire.com/news-releases/inventory-rising-among-most-expensive-homes-but-low-priced-homes-still-scarce-283467811.html
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Shared and taken by Hector Hernandez Lagunas, Fuente de parque Melchor Ocampo, Cuernavaca Morelos México

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Confidence among U.S. homebuilders rebounded in November as low interest rates and a strengthening job market helped boost sales. -- By Lorraine Woellert  in Bloomberg News http://www.bloomberg.com/news/2014-11-18/homebuilder-confidence-rebounds-as-u-s-buyers-more-enthusiastic.html
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From HUD:

Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,080,000. This is 4.8 percent (±1.3%) above the revised September rate of 1,031,000 and is 1.2 percent (±1.2%) above the October 2013 estimate of 1,067,000.

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Shared and taken by Dieter Birr, Neuschwanstein/Germany

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30 Year Fixed: 3.875%		APR 4.064%
15 Year Fixed: 2.990%		APR 3.178%
7/1 ARM: 3.000%		APR 3.406%
5/1 ARM: 2.750%		APR 3.340%
FHA 30 Year Fixed: 3.500%		APR 5.173%
Jumbo 30 Year Fixed: 3.750%		APR 3.927%
Jumbo 15 Year Fixed: 3.250%		APR 3.415%
Jumbo 7 year ARM: 3.125%		APR 3.526%
Jumbo 5 year ARM: 2.750%		APR 3.287%
VA: 3.625%		APR 5.869%

Sam Thompson for NorthPoint Mortgage
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The number of rentals with mortgages has risen and in some parts of the US, rent is now over priced.  The riskiest of these investments face declining rent markets and may be headed for future forclosures. -- By John Gittelsohn, Heather Perlberg and Jody Shenn in Bloomberg News.
http://www.bloomberg.com/news/2014-11-21/blackstone-to-colony-face-rental-bond-glut-as-yields-rise.html
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Shared and taken by  John Brody, Notre Dame at dusk in Paris

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The nation’s highest court is taking on the burning issue of underwater mortgages, agreeing Monday to hear not one but two cases brought by Bank of America (BAC).

The U.S. Supreme Court will examine the question of whether a second mortgage on an underwater property can be voided during Chapter 7 bankruptcy. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32071-bank-of-america-mortgage-cases-go-to-the-supreme-court

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Shared and taken by Xalima Miriel, Old Barn, France

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