Nat’l Real Estate Post:
HOA Fines for Purple Swingset. http://thenationalrealestatepost.com/warn-your-clients-about-the-hoa
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Nationally, home value appreciation is leveling off after
its rapid pace in the early years of the recovery. Homes lost 0.1% of their value
in July, falling to a Zillow Home Value Index of $179,900. -- Trey Garrison in
HousingWire http://www.housingwire.com/articles/34875-home-price-growth-is-cooling-and-heres-why-thats-a-good-thing---------------------------------------------------
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Shared by Valentina Cirosola, taken by Marco Luce, Florence
Italy
Well, it only took about 8 years
but... the Mortgage Bankers Association just said that total loan
production expenses – commissions, compensation, occupancy, equipment, and
other production expenses and corporate allocations – decreased to $6,984 per
loan in the second quarter of 2015, from $7,195 in the first quarter of 2015.
-- Trey Garrison in HousingWire http://www.housingwire.com/articles/34862-about-time-cost-to-originate-mortgages-finally-gets-cheaper
Nat’l Real Estate Post:
The Big Banks are loosing market share. http://thenationalrealestatepost.com/big-banks-losing-market-share
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Shared by James Harrison, A Wat in Thailand.
Reports from the 12 Federal Reserve Districts indicate economic activity continued expanding across most regions and sectors during the reporting period from July to mid-August.
Residential real estate activity
improved across the 12 Districts, with home sales and home prices increasing in
every District, while construction activity was more mixed. Richmond and Kansas
City indicated that sales of low- and medium-priced homes continued to outpace
sales of higher-priced homes. – Trey Garrison in HousingWire http://www.housingwire.com/articles/34965-beige-book-real-estate-activity-up-in-all-12-districts
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For the first time in the
report’s history, homebuyers from Latin America (including Mexico) were not a
clear majority of international homebuyers in Texas – comprising only 41% of
international buyers.
Instead, homebuyers from
Asia/Oceania (including China), conversely, doubled from 18% from April
2013-March 2014 to 31% from April 2014-March 2015. – Brena Swanson in
HousingWire http://www.housingwire.com/articles/34962-international-buyers-pump-832b-into-texas-housing
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The pace of new home construction is surpassing the number of
available workers to do the job, according to areport and infographic from Coyne College. – Brena
Swanson in HousingWire http://www.housingwire.com/articles/34944-infographic-americas-growing-demand-for-new-home-construction
On Thursday, Fannie Mae announced
that it wasincreasing its maximum number of allowable days for a
foreclosure sale in 33 states. But Fannie Mae wasn’t alone.Freddie Mac has also
announced that it is increasing the maximum number of allowable days for
“routine” foreclosure proceedings in those same 33 states. – Ben Lane in
HousingWire http://www.housingwire.com/articles/34989-freddie-mac-joins-fannie-mae-in-extending-foreclosure-timelines
Shared and taken by Norbert Metz, someplace in Holland?
Home
prices nationwide, including distressed sales, increased by 6.9% in July 2015
compared with July 2014, according to CoreLogic. – Trey Garrison in HousingWire http://www.housingwire.com/articles/34947-corelogic-home-prices-rose-69-in-july-2015
Existing home sales rose unexpectedly in July, and are now up
16% since the start of the year. And while starts were essentially flat in July, they are up 10%
over the same period, and homebuilder confidence is elevated. – Trey Garrison
in HousingWire http://www.housingwire.com/articles/35017-surge-in-sales-leads-to-tighter-housing-market
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