The CFPB is hunting for racism everywhere they can while being accused of racism.
http://thenationalrealestatepost.com/welcome-to-the-cfpb-plantation/?
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HUD Decision Abandons Relief for Non-Borrowing Surviving Spouses
http://nationalmortgageprofessional.com/news49860/hud-decision-abandons-relief-non-borrowing-surviving-spouses
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Shared by M. Freidrich, Schloss Bedburg
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Mark Cuban talks housing and student loan bubbles
Billionaire Mark Cuban (who may or may not be Batman) talks about the student loan bubble, which he says will burst and end badly for colleges, just like the housing bubble. These collapses, he says, will put colleges out of business. -- Trey Garrison in HousingWire
--------------------------------------------Mobile Homes
Industry Snapshot
After a decade of unprecedented growth in the 1990s, manufactured home builders entered the twenty-first century with a thud, struggling through their worst time since emerging from the recreational vehicle industry in the 1960s.
--------------------------------------------Shared by M. Freidrich, Belgein, Brugge
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Home Prices Continue Upward Climb in April
In its latest Home Price Index, CoreLogic reported that home prices continue to rise across the nation, with more increases to come in 2015.
The company reported that home prices, including distressed sales, increased 10.5 percent in April from the previous year. The company projects home prices will continue to increase by 1.0 percent month-over-month in May. Furthermore, national home prices are expected to rise by 6.3 percent from April 2014 to April 2015.
-----------------------------------------------In April, existing home sales rose for the first time in 2014. The rise was a modest 1.3% increase over March’s figures but it still led to headlines like, "Has spring buying season finally arrived?” -- Ben Lane in HousingWire http://www.housingwire.com/articles/30402-existing-home-sales-surge-49-in-may
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Shared by Jasbir Randhara, Captured yesterday at the famed Nek Chand's Rock Garden in Chandigarh
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Nat'l Real Estate Post:
Should rent reports be part of the credit report to determine the viability of a potential home buyer?
http://thenationalrealestatepost.com/transunion-to-report-rental-history/?
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Inventory of All For-Sale Homes Nationwide Spikes in May
After plunging throughout 2012 and for much of 2013, and rising only modestly through the beginning of this year, the inventory of all for-sale homes nationwide spiked in May, jumping 11.8 percent year-over-year according to the May Zillow Real Estate Market Reports. http://nationalmortgageprofessional.com/news49898/inventory-all-sale-homes-nationwide-spikes-may?
-----------------------------------------------Shared by What aWonderful World!, via Darja Vizjak, Hobbit House in Matamata, New Zealand
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Private real estate fund investors prefer higher-risk strategy
Chung said that as more foundations more towards their target allocations, “many will commit more capital to the real estate asset class,” with a specific focus on the higher-risk strategies, like value-added and opportunistic. -- Ben Lane in HousingWire http://www.housingwire.com/articles/30414-private-real-estate-fund-investors-prefer-higher-risk-strategy-----------------------------------------------
New-home sales surge in May as prices decline
New homes on the market were unchanged in May at 189,000, but the surge in sales lowered supply relative to sales, to 4.5 months versus 5.3 months back in April.
However, overall home price gains are declining dramatically. -- Trey Garrision in HousingWire http://www.housingwire.com/articles/30418-new-home-sales-surge-in-may-as-prices-decline
-----------------------------------------------Shared by Amazing Ideas, Magical Mystery House
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Nat'l Real Estate Post:
Expect a slow down in home value appreciation. See the graph! http://thenationalrealestatepost.com/housing-is-a-marathon-not-a-sprint/?
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New Job Creation Spurs Sales of Newly-Built Homes to Six-Year High
Regionally, new-home sales were up across the board. Sales rose 54.5 percent in the Northeast, 34 percent in the West, 14.2 percent in the South and 1.4 percent in the Midwest.http://nationalmortgageprofessional.com/news49928/new-job-creation-spurs-sales-sales-newly-built-homes-six-year-high?
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Shared by Pham Nhu Phuong, Vietnam
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Mortgage applications continued their decline after last week’s 9.2% free fall, dropping another 1% for the week ending June 20, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30431-mortgage-apps-continue-slide-after-last-weeks-free-fall
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Economic Indicators:
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 2.9 percent in the first quarter of 2014...
The GDP estimate released today is based on more complete source data than were available for
the "second" estimate issued last month. In the second estimate, real GDP was estimated to have
decreased 1.0 percent. -- Bureau of Economic Analysis
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