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Sunday, February 22, 2015

China Prints 3D 5-Story Building


China prints 3D 5-story building
 http://curbed.com/archives/2015/01/29/china-3d-printed-apartment-villa.php
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Unaffordable rents are making it hard for people to save for down payments, and they aren’t likely to ease up for at least two years, according to the latest Zillow Home Price Expectations Survey sponsored by Zillow and conducted quarterly by Pulsenomics. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32938-experts-unaffordable-rents-here-to-stay
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Shared and taken by Dieter Birr, Castle Neuschwanstein

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Zillow-Trulia deal receives FTC approval, will close in days

Zillow's once-controversial acquisition of its largest competitor is days away from completion, perhaps as soon as the markets reopen. The company announced late Friday that its proposed $2.9 billion merger with Trulia is expected to close within days, perhaps as early as Feb. 17, following notification that the Federal Trade Commission closed its investigation of the merger.
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The Center’s Laurie Goodman, Karan Kaul and Jun Zhu took a closer look at the impact of the premium cut on FHA refinance volumes and have concluded that roughly 2.4 million current FHA borrowers could benefit from refinancing. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32951-in-3-fha-borrowers-would-benefit-from-refinancing
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Shared and taken by Norbert Metz, Castle of Bourscheid / Luxembourg

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It’s finally official. After months of speculation, investigation, and consternation, Zillow and Trulia are now one and the same — Zillow’s acquisition of Trulia is complete.
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Building permits in January 2015 were at a seasonally adjusted annual rate (SAAR) of 1,053,000, down 0.7 percent from the revised December rate but up 8.1 percent from January 2014.
Housing starts in January 2015 were at a SAAR of 1,065,000, down 2.0 percent from December but up 18.7 percent from January 2014.  --  Department of Commerce
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Shared and taken by Xalima Miriel, Cathedral of Ciudad Rodrigo, Salamanca (Spain)
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(Hint:  It's winter!)
Despite optimism in most forecasts, it looks like 2015 is off to a faltering start for the housing industry.
January was a bad month for housing starts, completions and permits, reflecting perhaps the reason forhomebuilder confidence to likewise be down for February.
Single-family authorizations in January were at a rate of 654,000; this is 3.1% below the revised December figure of 675,000.
Single-family housing starts in January were at a rate of 678,000; this is 6.7% below the revised December figure of 727,000. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32974-housing-market-starts-2015-on-several-weak-notes
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Shared and taken by Jasbir Randhawa, Captured in Mote Majra village, Mohali District of Punjab State, N. India; not far from Chandigarh.

Saturday, February 14, 2015

87% of Homes Qualify for Downpayment Assistance

Nat'l Real Estate Post: 87% of homes qualify for downpayment assistance. Check out downpaymentassistance.com
http://thenationalrealestatepost.com/awesome-dap-website-you-have-to-check-out/?
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The Department of Housing & Urban Development will be in the barrel on Capitol Hill on Wednesday, when a committee will convene to investigate allegations that senior HUD officials violated federal law and obstructed investigators’ efforts to uncover potential wrongdoing. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32810-house-investigating-allegations-of-legal-ethical-wrongdoing-at-hud
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Shared and taken by Valentina Cirosola, For the love of Italy

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Personal income in December 2014 increased 0.3 percent. Nominal personal consumption expenditures (PCE) fell 0.3 percent. Real PCE declined 0.1 percent. Nominal disposable personal income (DPI) rose 0.3 percent. Real DPI increased 0.5 percent. The personal saving rate as a percentage of DPI was 4.9 percent in December.  -- Bureau of Economics and Statistics
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"For the full year of 2014, home prices increased 7.4%, down from an 11.1% increase in 2013," said Sam Khater, deputy chief economist at CoreLogic. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/32805-corelogic-home-prices-increased-74-in-2014
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Shared and taken by Dieter Birr, Burgruine Zavelstein, Castle Zavelstein/Black Forest/Germany

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Nat'l Real Estate Post:
FHA is going to try and loosen up on their errors and omissions policy which in turn could lighten up the overlays that lenders are using when making an underwriting decision.
http://thenationalrealestatepost.com/doing-away-with-fha-overlays/?
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Mortgage rates as of 02.13.2015
  • Regions Bank
  • 4.298%
    Fees:$932.50
    Fri Feb 13
  • 4.250%
    at 0 pts
    30 day rate lock
  • $812.00
    • Citizens Bank
    • 4.172%
      Fees:$928.00
      Fri Feb 13






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    Shared and taken by M. Friedrich, Austernzuchtbecken

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    A total of 37,292 homes were repossessed in January, a 15-month high. Overall, 119,888 properties were at some stage of the foreclosure process, still down 4 percent from a year earlier.
    http://www.newsmax.com/Finance/Foreclosure-RealtyTrac-Homes-bank-repossessions/2015/02/12/id/624312/?
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    Shared by Darja Vizjak, Old Castle Celje, Slovenia




    Saturday, February 7, 2015

    4 Points to Consider When Selling to Millenials

    So how should real estate agents sell to this new tech-savvy, young generation? -- Brena Swanson in HousingWire http://www.housingwire.com/articles/32865-what-do-millennials-want-from-housing
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    Shared by Nhu Phuong Pham, Edinburgh, Scotland

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    “Responsible lending by community banks and credit unions did not cause the financial crisis, and our mortgage rules reflect the fact that small institutions play a vital role in many communities,” said CFPB Director Richard Cordray in a press statement. “Today’s proposal will help consumers in rural or underserved areas access the mortgage credit they need, while still maintaining these important new consumer protections.” -- Phill Hall in NationalMortgageProfessional.com http://nationalmortgageprofessional.com/news/52604/cfpb-proposes-rule-change-rural-and-underserved-markets?
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    Shared and taken by Pasi Hortoma, somewhere in Finland this week

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    It was another volatile but successful day for mortgages yesterday as the market swings have been compounded on uncertainty about the impact of potential interest rate hikes by the Fed, concerns about Greece, and worries about global economic growth.  In economic news yesterday, the US trade deficit jumped to $46.6 billion in December vs. $39.8 billion in November which marks its highest level in two years.  The $6.8 billion gap (the largest one-month gain on record) was fueled by the strengthening of the dollar vs. foreign currencies and the drop in oil prices. The mortgage outperformance (vs treasuries) was driven by lighter origination which was a relatively modest $1.8bln and strong demand from the Fed (bought $2.1bln) and money managers.
     
    Today is Jobs Friday, and the January jobs numbers are in and were better than the expected +228k for non-farm payrolls as the US created 257k jobs in January, while the headline unemployment number rose a touch from the projected 5.6% to 5.7%, and the average hourly earnings came in at +0.5 from -0.2 in December, biggest gain since 2008. There were also upward revisions to the November and December numbers so that now the three month average of new jobs created is above 300k and is the biggest three-month gain in 17 years. Yes, on the surface this is a really good Jobs report for the US and will more than likely add pressures to the Fed to think about raising short term interest rates sooner rather than later. As expected, mortgage prices and treasures are taking the good news negatively and are down in early trading. -- Kevin Jones kevin.jones@lionbank.com
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    Shared by Nhu Phuong Pham, To-ji Temple in Nara, Japan

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    Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2014, according to today’s first or advance estimate. -- United States Department of Commerce
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    Shared by Luis Armando Oyarzun, Angelmo. Puerto Montt. Chile

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