Realtor.com, Airbnb partner to let homebuyers test-drive the neighborhood
Find out what it’s like to live there first -- Trey Garrison in HousingWire
--------------------------------------------------The biggest threat on the horizon? Interest rates. Long-term rates are rising fast again, with the 30-year Treasury bond yield hitting a nine-month high of 3.22% today.
If there’s good news for home sellers, it’s that the meat of the spring selling season is over. That means the timing of the rise isn’t as bad as it could have been. But don’t lose sight of the cost of financing – as a real estate stock investor, a home buyer, or a home seller. It holds the key to where the real estate market goes next. -- Mike Larson in Money and Markets http://www.moneyandmarkets.com/healthy-housing-watch-rates-71819?t=ezine#.VZq2YBtViko
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Shared and taken by Valentina Cirasola, Puglia Italy
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Fannie Mae will no longer charge mortgage lenders to submit loans to its Desktop Underwriter automated underwriting system, the government-sponsored enterprise announced Tuesday.
The decision follows a similar move by Freddie Mac, which stopped charging fees for its Loan Prospector AUSearlier this month. Fannie Mae will also roll out an update to EarlyCheck, the loan-level data verification portal it launched in 2010. The update will improve data standardization to make it easier for lenders to submit loans for sale, according to a Fannie Mae press release. -- Collin Wilhelm in National Mortgage News http://www.nationalmortgagenews.com/news/technology/fannie-matches-freddie-makes-desktop-underwriter-free-1054273-1.html
--------------------------------------------------One survey by Dallas-based Axiometrics listed the average metro Atlanta rent at nearly $1,000 per month for a two-bedroom unit, and apartment vacancy at its lowest point since 2001. Apartment List breaks down the averages to $1,290 for a two-bedroom in Atlanta, $1,350 in Dunwoody and $990 in Duluth. J. Scott Trubey in the Atlanta Journal-Constitution http://www.nationalmortgagenews.com/news/origination/metro-atlanta-rents-rise-amid-apartment-boom-1054030-1.html
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Shared by James Harrison, taken by Travis Hunt, Venice Italy
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Chinese buyers are among those picking through the wreckage of Greece’s real estate market on the hunt for overlooked gemsThat’s good news for Greeks who want to sell. On Juwai.com, Greek property marketers are advertising everything from inner-city apartments to luxurious villas. That’s not to mention plots of land, commercial buildings, apartment buildings, hotels and resorts.
The most expensive home on the market at the moment is this US$28 million hill-top villa, listed by George Riginos of Riginos Realty. If it has a monastic feel to it, that’s because the site was once a monastery.
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Chinese Real Estate Firms Using Foreigners to Sell Homes
Caucasian-looking foreigners in China are earning some extra buck as they pose as celebrities and business tycoons for real estate companies. -- By Juwai http://www.hngn.com/articles/88182/20150430/chinese-real-estate-firms-using-foreigners-sell-homes.htm
--------------------------------------------------Shared by James Harrison, taken by Sig Nordal Jr., Rocamadour, France
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Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34275-may-new-home-sales-gain-22-from-april
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"Many low-down-payment borrowers — including first-time home buyers — are returning to the market, boosting housing but raising concern among skeptics who worry about the risk of such mortgages," writes Joe Light of The Wall Street Journal. -- Dan Weil in NewsMax http://www.newsmax.com/Finance/StreetTalk/housing-down-payment-mortgages-subprime/2015/06/22/id/651683/
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Shared by Juwai, China 's #2 real estate developer Vanke buys historic NYC Bush Tower for US$125MN
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Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2015, according to today’s third estimate. -- US Department of Commerce
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