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The index dropped 1.4% to 109.4 in August from 110.9 in July but is still 6.1% above August 2014. The national median existing-home price is expected to increase 5.8% in 2015 to $220,300. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/35167-pending-home-sales-decline-14-in-august?eid=311684310&bid=1188341
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Shared and taken by Dieter Birr, Munich City Hall, Germany
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According to one reputable online source: Commercial real estate isn’t the only type of property seeing large inflows of Chinese money. The country’s investors have also been active in residential realty. -- D. Sidney Potter at inman.com http://www.inman.com/2015/09/23/why-chinese-investors-are-pouring-money-into-us-real-estate/
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Nat'l Real Estate Post:
Almost all real estate buyers under the age of 50 prefer to communicate by anything but talking.
http://thenationalrealestatepost.com/the-strange-communication-habits-surrounding-real-estate/?
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Shared by Juwai, Dubai at night
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Freddie Mac: Mortgage rates below 4% ten weeks straight
Rates barely move from last week -- Brena Swanson in HousingWire http://www.housingwire.com/articles/35230-freddie-mac-mortgage-rates-below-4-ten-weeks-straight?eid=311684310&bid=1191530
-------------------------------------------------------------The House Financial Services Committee approved several bipartisan bills they say are designed to potentially protect consumers, reform the Consumer Financial Protection Bureau and cut regulations. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/35238-bills-to-reform-cfpb-relieve-regulations-go-to-house-floor?eid=311684310&bid=1192049
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Shared by Valentina Cirosola, taken by Michelle Be, Florence
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Nat'l Real Estate Post:
CFPB reform. Will it work? http://thenationalrealestatepost.com/cfpb-reform-might-be-on-the-way/?
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Weekly earnings actually declined from $868.46 to $865.61. Labor participation fell 2 tenths to a nearly 40-year low of 62.4%, the lowest since October 1977.
Earlier Friday the September employment situation reportfrom the Census Bureau showed new job creation cratering to a weak 142,000, well below analyst expectations. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/35248-housing-experts-weigh-in-on-impact-of-septembers-hot-mess-of-a-jobs-report?eid=311684310&bid=1192662
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Shared by Juwai, China's Forise Holdings gets approval for AU$1.2BN Gold Coast apartment tower
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As prices in Fort Lauderdale, Fla. slumped 23% from last year, inventory of homes priced $1 million or more surged by 42%. Redfin saw similar double-digit growth in million-dollar homes for sale in other cities on the biggest luxury losers list including Santa Rosa, Calif. (37%), Houston (44%), Austin, Texas (27%), and Irvine, Calif. (27%). Of the 10 biggest price losers, only Los Angeles had a drop in both sale prices and inventory.
Of the more than 138 luxury markets studied, Miami Beach, Fla. was the most unequal. At nearly $6.59 million, average luxury prices were nearly 12 times greater than average prices in the other 95 percent of the market. In fact, the nine most unequal metros were all located on the southeast coast of Florida. -- Trey Garrison in HousingWire http://www.housingwire.com/blogs/1-rewired/post/35256-monday-morning-cup-of-coffee-what-are-we-going-to-do-with-fannie-and-freddie?eid=311684310&bid=1193481
-------------------------------------------------------------The share of the population in the work force, which includes people who have jobs or are looking for one, fell to 62.4 percent, the lowest level since 1977. -- NewsMax.com http://www.newsmax.com/Newsfront/job-growth-wages-work-labor/2015/10/02/id/694423/?ns_mail_uid=55751607&ns_mail_job=1638418_10032015&s=al&dkt_nbr=s4szrbqy
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