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Tuesday, July 14, 2015

Facebook Fan Page: Yes or No for MLO's and Real Estate Agents

Facebook Fan Page:  Yes or No for MLO's and Real Estate Agents
http://mortgagenewsnetwork.com/hash-it-out-facebook-fan-page-worth-it
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Mortgage rates stopped their upward trend and dropped back down due to global uncertainty, the latest Freddie Mac Primary Mortgage Market Survey said.  -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34435-home-sales-reach-8-year-highs-but-what-comes-next
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Shared by Archilovers,  #Project of the #Week: Casa Brutale, by OPA Open Platform for Architecture:http://bit.ly/1gnKoCS
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Does a college degree help toward buying a home?

....does that debt burden hinder the ability to buy a home or does the higher income associated with a degree make it easier to save?
In not-so-hot housing markets, the degree is not as helpful. In hotter markets, the degree is nearly essential. 
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Nothaft quoted a study from the National Association of Realtors that said that the number of U.S. homebuyers who identified as international dropped to 2% during the first four months of 2015. This is down from 2.5% a year earlier, a 19% decline.
As for why there is a drop, about three-fourths of real estate agents who work with international clients report that changes in foreign exchange rates have a moderate to very significant effect on foreign buying. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/34453-corelogic-foreign-buyers-back-off-us-housing-market
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Shared by Archilovers, Cliff House, unrealised proposal by Modscape. A moular home clinging to the side of a cliff: http://bit.ly/1rVVgfx

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Nat'l Real Estate Post:
67% of buyers are not pre-approved.
http://thenationalrealestatepost.com/half-of-fthbs-are-not-pre-approved/
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Obama addressed last week’s announcementby the U.S. Department of Housing and Urban Development of the “final rule” on Affirmatively Furthering Fair Housing, which will “equip communities that receive HUD funding with data and tools to help them meet long-standing fair housing obligations in their use of HUD funds.”  (This means that HUD can coerce local suburban counselmen and other elected officials to change zoning at any time, in any place.)  -- Ben Lane in HousingWire http://www.housingwire.com/articles/34459-obama-new-fair-housing-rule-will-help-further-american-dream
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Shared by Juwai.  Florida was the top choice state for foreigners. Chinese buyers lead with US$28.6BN.http://buff.ly/1fj5TVt #realestate

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As of May 2015, the national foreclosure inventory included approximately 491,000, or 1.3%, of all homes with a mortgage compared with 676,000 homes, or 1.7%, in May 2014.
This is the lowest foreclosure rate since December 2007. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34466-corelogic-total-foreclosure-inventory-drops-to-lowest-since-december-2007
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Fannie Mae launched its new homebuyer application HOME that educates future homeowners about the steps and responsibilities of buying and owning a home.

  • Dashboard and checklist to track their progress
  • Four financial calculators: Estimate affordability, Calculate mortgage payment, Plan and budget for a down payment, Learn how paying ahead can save money and reduce loan payback times
  • HUD-approved housing counseling agency “locator tool”
  • Articles, videos, and more
  • Brena Swanson in HousingWire http://www.housingwire.com/articles/34469-fannie-mae-launches-homebuyer-education-app
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    Shared and taken by Luis Armando Oyaruz, Buenos Aires. Argentina. Cabildo.
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