A crane assembled modules of living room, bedroom, kitchen and restroom within less than three hours on July 17 in Xi'an, northwest China's Shanxi province. -- Juwai.com http://realty.economictimes.indiatimes.com/news/technology/two-story-villa-built-in-three-hours-in-china/48155754
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After five consecutive months of increases, pending home sales in June dropped 1.8% — expectations were for a 0.9% gain — the biggest drop since December 2013, according to the National Association of Realtors. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34610-pending-home-sales-drop-for-the-first-time-in-2015
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Shared by Tina En, House on the bridge in Hebei province. China.
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The data revealed that the low-tier is closest to peak 2006 levels, with prices only 10.1% below 2006 peak levels.
Conversely, the mid-tier (homes selling between $120,000 and $345,000) is the worst performing segment with current price levels 24.8% below 2006 peak levels. This vast difference in market recovery underscores the continued challenges the majority of homeowners face, despite a quicker recovery in both the bottom and top segments of the market. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34656-the-housing-recoverys-great-big-weak-spot-mid-tier-homes
---------------------------------------------------Personal income in June 2015 increased 0.4 percent. Nominal personal consumption expenditures (PCE) increased 0.2 percent. Real PCE was virtually unchanged. Nominal disposable personal income (DPI) increased 0.5 percent. Real DPI increased 0.2 percent. The personal saving rate as a percentage of DPI was 4.8 percent in June. -- Department of Commerce
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Shared by Tina En, Thailand's White Temple
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Bankrate surveyed up to 10 lenders in all 50 states and Washington, D.C. in June 2015. Researchers obtained online good faith estimates for a $200,000 mortgage to buy a single-family home with a 20% down payment. Costs include fees charged by lenders, as well as third-party fees for services such as appraisals. The survey excludes discount points, taxes, title fees, property insurance, association fees, interest and other prepaid items. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34665-mortgage-closing-costs-drop-7-to-1847
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If you’re a city boy or city girl, then WalletHub has the list for you — the top 20 best cities to live in. Bonus, look down your nose at (or start planning to move out of) their list of the 20 worst big cities. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34669-the-best-and-worst-big-cities-to-live-in
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Shared by Walter Gronski, don't know where it is or who took it, but it is cool!
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Home prices nationwide, including distressed sales, increased by 6.5% in June 2015 compared with June 2014, according to the June 2015 CoreLogic Home Price Index. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34674-corelogic-home-prices-rose-an-amazing-65-annually-in-june
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Mortgage applications increased 4.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 31, 2015. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34683-mortgage-applications-jump-a-solid-47-in-last-week-of-july
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Shared by Beautiful Things, taken by Senna Relax, Portofino, Italy.
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So why are home prices increasing? "For the same reason that college tuitions are: because the government facilitates lending people money at concessionary rates to purchase them," Williamson maintains. -- Dan Weil in NewsMax
http://www.newsmax.com/Finance/StreetTalk/National-Review-Housing-Bubble-Economy/2015/08/05/id/665576/
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Josephine Country Cat
Chapter 3 Josephine Defends Her Home
Two moths rose from a turnip
plant. Josephine leapt and caught one in mid-flight. Crouching next to a green turnip leaf, she ate the moth. Then she
heard a dog trotting up the road. She hurried around to the front corner of
the house. She growled a small kitten
growl and hissed. The dog continued up
the road without looking at her.
She held her head high and flicked her tail. She was Josephine, Guardian and Protector.
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