While there isn’t a lot of hard data on the housing market on June 6, 1944, HousingWire contacted a number of data firms and trade associations, trying to gather a rough consensus of what housing looked like that June day in 1944. (Thank you to Trulia, Mortgage Bankers Association, National Association of Realtors, and others that helped.)
The median price for a single-family home in mid-1944 was about $3,000. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30236-heres-the-housing-situation-on-the-home-front-on-june-6-1944
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Despite the 1% GDP contraction in the first quarter hiring was steady if somewhat flat in May and heavy on the McJobs, according to the new BLS jobs report for May, but the economy is still down 7 million jobs. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30231-troubling-may-jobs-numbers-come-in-just-above-stagnation-levels
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By Songquan Deng, Hong Kong
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A couple of veteran exec’s from PayPal and Trulia (TRLA) are looking to start buying and flipping homes on-line this July. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30207-paypal-trulia-teaming-to-flip-houses-online
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Shared by Dieter Birr, Klosterkirche Beuron/Germany
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30 Year Fixed: 4.125%
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APR 4.362%
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15 Year Fixed: 3.250%
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APR 3.413%
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7/1 ARM: 3.125%
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APR 3.534%
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5/1 ARM: 2.750%
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APR 3.340%
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FHA 30 Year Fixed: 3.750%
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APR 5.423%
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Jumbo 30 Year Fixed: 4.125%
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APR 4.289%
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Jumbo 15 Year Fixed: 3.375%
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APR 3.519%
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Jumbo 7 year ARM: 3.250%
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APR 3.426%
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Jumbo 5 year ARM: 2.875%
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APR 3.664%
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Shared by Norbert Metz, view from a castle in Luxembourg
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U.S. home prices rose 1.3 percent in the first quarter of 2014 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), marking the 11th consecutive quarterly price increase in the purchase-only, seasonally adjusted index. -- National Mortgage Professional Magazine http://nationalmortgageprofessional.com/news49290/FHFA-Home-Prices-Rise-1.3-Percent-Q1?
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Shared by M. Friedrich, Düsseldorf'Mediahafen
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As a result, the National Association of Realtors found that 49% of Americans cited student loan debt as a “huge obstacle” to homeownership.
One of the possible solutions floating around Washington is Senator Elizabeth Warren’s, D-Mass., bill to let borrowers refinance old loan debt went through. If put implemented, about half of the outstanding loan volume for federal student loans and loan guarantees(about $460 billion) would be refinanced, the Congressional Budget Officesaid. (My question is who really will pay for refinancing the loans.) -- Brena Swanson in HousingWire http://www.housingwire.com/articles/30209-cfpb-warns-student-dti-ratio-blocks-housing-recovery
--------------------------------------------Shared by Victor Bezrukov, Israel
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