Chinese tourists to spend $264 billion overseas by 2019
This means real estate, too!
---------------------------------------------Real gross domestic product (GDP) increased at an annual rate of 0.2 percent in the first quarter of 2015, according to today’s “advance” estimate. -- US Department of Commerce (This is so puny!!)
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Shared by Mirjana Jesensek, Hunyad Castle, Transylvania Romania
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Benworth Capital has launched a $50 million capital raise for a technology-based platform it's touting as the place where real estate opportunity meets crowdfunding transparency.
Fundrageous, Benworth's new real estate crowdfunding platform, will give borrowers a new channel by which they can fund local projects and causes.
Benworth is a provider of alternative short-term mortgages for South Florida, headquartered in Miami. Its main focus initially will be on raising capital from the U.S. and Latin America and attracting borrowers with deals ready to be funded. -- Tayana Macheel in Origination News http://www.nationalmortgagenews.com/news/technology/benworth-capital-launches-real-estate-crowdfunding-platform-1050228-1.html?
---------------------------------------------Thirty-year fixed-rate mortgages rose 12 basis points from last week, to 3.8%. Rates were still down 41 basis points from last year. Fifteen-year fixed-rate mortgages averaged 3.02%, up eight points from last week and down 30 points from last year. -- Colin Wilhelm in Origination News http://www.nationalmortgagenews.com/news/origination/mortgage-rates-climb-due-to-german-bund-selloff-1050239-1.html?
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Shared by Daniel Schwabe, Rozenhoedkaii, Bruges, Belgium
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The median price of an existing single-family home rose from a year earlier in 148 of the 174 areas measured, the National Association of Realtors said in a report Monday. Fifty-one areas had price gains of 10% or more, compared with 24 regions in the fourth quarter. Prices declined in 25 areas. -- Bloomberg News http://www.nationalmortgagenews.com/news/origination/home-prices-increase-in-85-of-us-cities-1050548-1.html?
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Foreclosure inventory tumbled by 25.7%, while completed foreclosures also dropped by 15.5% from March 2014, according to the latest report from CoreLogic (CLGX).
There were 41,000 completed foreclosures nationwide in March 2015, down from 48,000 in March 2014, representing a decrease of 65.2% from the peak of completed foreclosures in September 2010, according to CoreLogic data. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/33867-corelogic-foreclosures-plummet-26-from-march-2014
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Shared and taken by Armando Rogers, Panama City, Panama
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Rent.com conducted a survey of 1,000 millennial renters to find out how they are planning their next move, finding more than half (57%) rank affordability as the most important factor when choosing an apartment. Yet when asked, 55% said they are willing to spend up to $150 more per month in order to stay in an apartment they love. Nearly one in four respondents (24%) are willing to shell out an additional $400 a month, just to keep their pad.
--Brena Swanson in HousingWire http://www.housingwire.com/articles/33846-rent-is-rising-but-millennials-will-fork-over-the-cash
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There are now more multi-family units than ever before. Relative to the growth of population, people are forming fewer and fewer new households. The real question is: is this a temporary trend due to the damaged economy, or is it long term transition in the way people form households? There has been much discussion surrounding the values of millennials and homeownership. Are millennials just not interested in owning homes, or are they just not financially prepared to do so at this stage in their lives? -- David Lykken in NationalMortgageProfessional.com
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Shared by James Harrison, Diamond Tower Jeddah, Saudi Arabia
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