Blog Archives

Top Destinations Where Renters Want to Move

DAILY REAL ESTATE NEWS | WEDNESDAY, AUGUST 16, 2017

Nearly two-thirds of renters—about 64 percent—say they plan to move to a different city before settling down, according to rental website ApartmentList.com. So where are they leaving from and going to?

Apartment List surveyed about 24,000 renters and analyzed data from 50 of the largest metros across the country.

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Price Hikes in 87% of Markets; New Record Set

DAILY REAL ESTATE NEWS | WEDNESDAY, AUGUST 16, 2017

Median home prices in the second quarter eclipsed a record high set in 2016, jumping 6.2 percent year over year as the inventory crunch continues to push property values higher, according to the National Association of REALTORS®.

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Foreign Buyers Spend 30% More on Homes

DAILY REAL ESTATE NEWS | TUESDAY, AUGUST 15, 2017

Foreign buyers continue to outspend domestic buyers in the U.S.

From April 2016 to March 2017, properties purchased by foreign buyers had a median price of $302,290. That is 30 percent more than the median purchase price of $235,792 for all existing homes sold in the U.S.

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Is Housing Affordability Actually Improving?

DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 11, 2017

Growing incomes and low mortgage rates are helping to prop up housing affordability and offset rising home prices, according to the newly released National Association of Home Builders/Wells Fargo Housing Opportunity Index. A quarter-point drop in interest rates in the second quarter helped to make homes more affordable to more consumers.

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Freddie: Lean Inventory Won’t Stop Housing

DAILY REAL ESTATE NEWS | TUESDAY, AUGUST 01, 2017

Despite tight inventory conditions, economists at mortgage giant Freddie Mac have high expectations for housing. Buyer demand remains strong amid low mortgage rates, even though home prices this year are expected to be about 6 percent higher than last year,

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Should Housing Fear a Price Correction?

DAILY REAL ESTATE NEWS | TUESDAY, AUGUST 01, 2017

Existing-home prices have jumped 6.5 percent from a year ago to a record high of $263,800 in June, according to the National Association of REALTORS®. It marks the 64th consecutive month for year-over-year price increases. The escalating prices are causing some to fear a price correction could be on the horizon.

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Where to Invest US is working to make a difference – please join us!

Jay visited Turkana, Kenya two years ago as part of a team that brought food out to people in rural areas that were suffering from a food shortage.  The articles below describe that the situation has become much worse and is now a full-fledged famine.  Jay and Bill and their families have joined an effort to raise funds for food in these drought-stricken areas.

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Mortgage Rates Aren’t Budging

DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 04, 2017

Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent.

“The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate,

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Freddie Mac Says It Will Pay $2 Billion to Taxpayers—Maybe

Bloomberg | Aug 01, 2017

The mortgage-finance company on Tuesday reported net income of $1.66 billion for the period that ended June 30.

 (Bloomberg)—Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S.

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Survey: Most Renters in 50 Years

DAILY REAL ESTATE NEWS | MONDAY, JULY 24, 2017

More Americans are choosing to rent than at any other point in the last 50 years, according to a report by the Pew Research Center. In 2016, 36.6 percent of households rented their homes, just shy of the 37 percent recorded in 1965,

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