https://www.youtube.com/watch?v=dbl45otRBiw
Chinese nod to Star Trek
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Nat'l Real Estate Post:
The lunatics have taken over the asslyum! http://thenationalrealestatepost.com/have-the-lunatics-taken-over-the-assylum/?
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Shared by Juwai, Tour Odeon in Monaco
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Chinese builder puts up 57-story skyscraper in 19 days
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....one brokerage in Seattle appears to have had it with the whole MLS/online listings thing as it stands, and dropped out of their local multiple listings system. Sounds crazy, maybe not at all.
Trey Garrison in HousingWire http://www.housingwire.com/blogs/1-rewired/post/33986-monday-morning-cup-of-coffee-time-to-cut-the-mls-cordBut Quill Realty sees a major advantage for sellers by leaving the MLS. The new terms could make it more attractive for sellers to list a house — especially important in Seattle's hot housing market where supply is not keeping up with demand.
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Shared by James Harrison, taken by Maria Herdot, Budapest
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Home Price Index now just 8.4% below June 2006 peak
The month of March saw the largest monthly gain in home prices in nearly two years, according to a new report fromBlack Knight Financial Services (BKFS), a Fidelity National Financial (FNF) company.
Black Knight’s latest Home Price Index, released Tuesday, shows that home prices were up 1.2% in the month of March and up 4.8% on a year-over-year basis. Those totals represent the largest monthly gain in national home prices since June 2013. -- Ben Lane in HousingWire http://www.housingwire.com/articles/33985-black-knight-home-prices-see-largest-monthly-gain-in-two-years
------------------------------------------------Sales of new single family houses in April 2015 were 517,000 at a seasonally adjusted annual rate (SAAR), up 6.8 percent from March’s revised rate and up 26.1 percent from April 2014. -- US Department of Commerce
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Shared by Uros Kralj, taken by Richard Beresford Harris Natural History Museum, London England.
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U.S. Sen. David Perdue (R-GA) has introduced the Consumer Financial Protection Bureau Accountability Act of 2015. The legislation will make the CFPB accountable to the American people by bringing it under the Congressional appropriations process. Given the expansive reach of the CFPB, Senator Perdue’s bill will provide critical Congressional oversight. In March, Sen. Perdue offered a similar amendment that was included in the final 2015 Budget Resolution.
“The Consumer Financial Protection Bureau was spawned from the disastrous Dodd-Frank financial regulation law,” said Sen. Perdue. -- In NationalMortgageProfessional.com http://nationalmortgageprofessional.com/news/54158/georgia-senator-introduces-cfpb-accountability-act?
------------------------------------------------Although the argument rages as to whether or not tighter mortgage lending standards have limited consumer access to credit, there can be no doubt that most mortgages are originated with the intention of selling them onto the secondary market. Thus, they are originated under the terms of GSE or Ginnie Mae standards. It would seem that even the free market has been flowing toward the security of the government guarantee.
The cost of a mortgage would likely go up. The result to the consumer would be anything but positive. Perhaps the consumer would be safer in a limited number of respects; but that consumer would also, in many cases, be frozen out of the home-buying market. -- Joseph Murin in HousingWire http://www.housingwire.com/blogs/1-rewired/post/34000-caution-gse-reform-could-have-serious-unintended-consequences
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