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Nat'l Real Estate Post:
TRID warning for real estate agents. Will cause delays. Come August 1st, 2015 there will be new rules regarding lending disclosures that will cause delays. All real estate agents MUST be made aware of this ASAP.
http://thenationalrealestatepost.com/trid-warning-for-realtors/?
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Shared by Juawai, Morrocco.
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Creative destruction rises in the near suburbs around the country as an increasing number of builders are buying up modest suburban homes just to knock them down and build the kind of bigger homes that people want. -- Trey Garrison in HousingWire
http://www.housingwire.com/blogs/1-rewired/post/34022-trending-thursday-more-mcmansions-ferguson-home-values-and-more
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According to a release from First American, the new site, DataTree.com, is built on the industry’s “largest database of property and homeowner information and document images.” The company said that DataTree’s database will contain 99% of U.S. housing stock and include more than 5.5 billion recorded document images.
...“built to be the fastest, most comprehensive and easiest to use property research solution on the market.” -- Ben Lane in HousingWire http://www.housingwire.com/articles/34026-first-american-launches-most-comprehensive-property-research-website
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Shared by Juwai, St. Bartelemy.
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The 15 hottest markets for homebuyers and sellers this spring
California dominates list
Brena Swanson in HousingWire
---------------------------------------------------The economy contracted 0.7% in the first quarter of 2015, revealing the truth behind how tough the start of the year was for the market, according to the "second" estimate released by the Bureau of Economic Analysis Friday. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/34032-gdp-contracts-07-reinforcing-weak-start-to-1q
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Shared by Archilovers, taken by Fedde DeWitt, W.I.N.D House, Netherlands
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Nat'l Real Estate Post:
CNN released and article that points out that renting is outpacing home ownership costs.
http://thenationalrealestatepost.com/renting-is-getting-very-expensive/?
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The gap between stagnant incomes and rising rents in many parts of the country is growing out of control. Renter households need to make $19.35 an hour working full time to afford a two-bedroom unit, which is $4 more than the estimated average wage of workers, an article in The Wall Street Journal said.
Brena Swanson in HousingWire http://www.housingwire.com/articles/33956-minimum-wage-workers-cant-afford-rentRental affordability has grown as a challenge in recent years due to a number of factors, including increasing demand as more people choose to rent or are forced to because they can’t get mortgages; a relative lack of rental construction in recent years in comparison to past cycles; and stagnant wage growth.
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Shared by Darja Vizjak, Mozirski gaj, Slovenia.
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Quicken Loans secured the first victory in its battle against the U.S. Department of Justice and the Department of Housing and Urban Development when a federal judge ruled that Quicken’s lawsuit against the government will be heard before the government’s case against Quicken is heard in a separate court. -- Trey Garrison and Ben Lane in HousingWire http://www.housingwire.com/articles/34042-quicken-loans-wins-first-round-in-court-battle-versus-doj-hud
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