Marijuana Laws + Real Estate = Confusion

To date, 23 states and the District of Columbia have passed laws allowing for prescribed medical marijuana use. Three states have laws permit marijuana for regulated recreational use and 11 states have laws permitting limited possession and use. But this raises a new question: How should real estate and mortgage professionals proceed in this patchwork of contradictory laws? -- Phil Hall in National Mortgage Professional http://nationalmortgageprofessional.com/news68569/legalized-marijuana-creates-hazy-confusion-real-estate-finance?
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The economy slowed in October, with much of the drag coming from a weakness in housing and consumption and a slowdown in employment growth and production, according to the Chicago Fed National Activity Index. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32149-lag-in-housing-starts-employment-drag-on-october-economy
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Shared by Gia Huy Au Duong, Zadar Croatia

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Moody’s analysts say that a lien foreclosure by a homeowners association for unpaid fees may extinguish the lien of a mortgage lender are credit negative for RMBS and SFR deals.  --Trey Garrison in HousingWire http://www.housingwire.com/articles/32151-court-rulings-in-unpaid-hoa-fees-raise-risk-in-rmbs-sfr-deals
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At the national level, Black Knight’s September home price index  reports that U.S. home prices were down slightly in September - the first time any decrease had been observed since January 2014.  -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32141-home-prices-dropped-in-september-for-the-first-time-since-january
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Shared and taken by Dieter Birr, Castle Neuschwanstein

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Home flipping sales, described as homes bought and sold within a year, accounts only for 4 percent of all single-family homes sales in the country in the third quarter. It has declined from 4.6 percent in this year’s second quarter and from 5.6 percent in the third quarter of last year. -- Nancy Braun in Showcase Realty http://www.showcaserealty.net/real-estate/home-flipping-hits-lowest-since-2009-in-q3/
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The economy may be slowing down as a whole, but my construction contacts here in North GA (north of Atlanta and I-285) are working average days and it is almost Thanksgiving!
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Shared and taken by John Brody, Pont Neuf, Paris

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According to the Bureau of Economic Analysis in October, personal disposable income increased .02% and personal consumption expenditures increased by .02%, so it's a draw.  Over all for June through October, personal spending hasn't been as high as income increases.  Which is good.
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I wanted to include this.  Notice how the percentage of error is very high.  So, just how can we trust these government numbers?

Sales of new single-family houses in October 2014 were at a seasonally adjusted annual rate of 458,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±16.5%)* above the revised September rate of 455,000 and is 1.8 percent (±17.4%)* above the October 2013 estimate of 450,000.

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Shared and taken by M. Friedrich, Holland - Maastricht

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