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Wednesday, March 4, 2015

Want a FoldOut House?

Fold Out House!
Screen shot from the video Would you want to live in this transformer house?
https://www.youtube.com/watch?v=8Azx_MnlSBI
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Continuing a trend throughout February, mortgage applications dropped 3.5% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 20, 2015. --
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Home Depot Profits Rising on Housing Recovery
"We had a strong finish to the year, as strength across the store, the recovering U.S. housing market and solid execution aided our business in 2014," said Craig Menear, chairman, CEO and president. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/33038-home-depot-profit-rises-on-housing-market-recovery
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Shared by Rae Ann Dougherty,
 
Tanah Lot temple in Bali, Indonesia

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Not everyone thinks the housing market is faltering:
House prices have firmed up in recent months thanks to a combination of fewer homes being put on the market and stronger demand for the inventory that’s available,” Diggle said.
“But as firmer prices act to attract sellers back into the market and keep a lid on demand, that should in turn help prevent a further acceleration in price growth. Admittedly, our forecast of 4% house price growth in both 2015 and 2016 is stronger than the consensus expectation of 3.5%. But with the prospects for the wider US economy looking increasingly promising, that is a position that we are happy to occupy," he said. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/33044-not-everyone-thinks-housing-is-faltering
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Self-service Mortgage Servicing
“The whole mortgage transaction is going to go online,” said John Vella, chief revenue officer at Altisource Portfolio Solutions (ASPS), during a panel called Communicating with Borrowers through Self-Servicing.  “Before long, the whole thing, from soup to nuts, will be online.” -- Ben Lane in HousingWire http://www.housingwire.com/blogs/1-rewired/post/33064-is-self-servicing-the-future-of-mortgage-servicing
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Shared by Lyndsey Eve Valdez, taken by Gary Lo.  San Francisco.
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Federal Reserve Chair Janet Yellen's Senate testimony Tuesday confirmed that the Fed will take a go-slow approach to raising interest rates, notes CNBC commentator Ron Insana. -- Ron Weil in NewsMax.com http://www.newsmax.com/Finance/StreetTalk/Insana-Fed-rates-2016/2015/02/25/id/626805/?
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PERSONAL INCOME AND OUTLAYS: JANUARY 2015 Personal income increased $50.8 billion, or 0.3 percent, and disposable personal income (DPI) increased $52.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $18.9 billion, or 0.2 percent. In December, personal income increased $45.3 billion, or 0.3 percent, DPI increased $37.3 billion, or 0.3 percent, and PCE decreased $35.7 billion, or 0.3 percent, based on revised estimates. From the U.S. Department of Commerce
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Shared by ShipProjectCargo, Lake Huron

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Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference

by Jacob Gaffney in HousingWire
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Shared by Tina En, Scotland

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