http://todayshomeinspector.com/google-and-twitter-together-again/
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What not to do with other people's money:
The state funneled some of that money, $331 million, to programs it deemed more in need of attention. It used, rather stole, this money intended for homeowners to give it to someone else.
And on Friday, a judge ruled they have to give it back. Better late than never, but really California, now other states are going to get sued for the exact same thing. -- Jacob Gaffney in HousingWire http://www.housingwire.com/blogs/1-rewired/post/34197-heres-where-california-went-all-wrong-with-the-national-mortgage-settlement
-----------------------------------------------Shared by Juwai, taken by Brandon Leibowitz, Hyatt Hotel in Shanghai China
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The first mortgage default rate recorded a historical low, dropping nine basis points to 0.74%, as more homebuyers pay their mortgages. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/34202-more-homeowners-are-paying-their-mortgages-on-time
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Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,275,000. This is 11.8% above the revised April rate of 1,140,000 and is 25.4% above the May 2014 estimate of 1,017,000. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34198-housing-starts-drop-but-permits-see-big-surge-in-may
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Shared and taken by Norbert Metz, Norweign farm house.
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Building permits in May 2015 were at a seasonally adjusted annual rate (SAAR) of 1,275,000, up 11.8 percent from the revised April rate and up 25.4 percent from May 2014. -- US Department of Commerce
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Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 126,868 U.S. properties in May 2015, up 1% from the previous month and up 16% from a year ago to a 19-month high, according to the latest report from RealtyTrac. --Trey Garrison in HousingWire http://www.housingwire.com/articles/34224-foreclosure-activity-hits-19-month-high-on-rise-in-reos
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Share by Juwai, Chinese nomads
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Average home prices rose month over month.
| http://us.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index | 168.03 | 0.80 %▲ |
10 tips for first time homebuyers:
Ray Brousseau, executive vice president of Carrington Mortgage Services’ mortgage lending division, outlined 10 tips to help first-time homebuyers navigate the market:
1. Know what you can afford .......
by Brena Swanson in HousingWire http://www.housingwire.com/articles/34238-tips-for-first-time-homebuyers
-----------------------------------------------Shared and taken by Xalima Miriel, Monjardin Vineyards, Spain
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Homes sat on the market for 28 days in May, down from 32 days in April. In another indication of homebuyers' speed, 35.6% of homes went under contract within two weeks of going on the market. That's just shy of the peak of 35.8% in May 2013, Redfin said. -- Andy Peters in National Mortgage News
http://www.nationalmortgagenews.com/news/origination/homebuyers-moved-faster-with-purchases-in-may-redfin-1053893-1.html
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