from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/4/23/3890
New home sales continued on a winning streak in March , increasing for the third straight month. The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes were at a seasonally adjusted annual rate of 692,000 units during the month. This is a 4.5 percent increase over the revised (from 667,000) rate of 662,000 in February and 3.0 percent higher than the March 2018 estimate of 672,000 new homes. Analysts polled by Econoday expected a pullback in March after the strong numbers earlier in the year. They had forecast sales in the range of 630,000 to 660,000. Their consensus was 645,000 units. On a non-adjusted basis there were 68,000 new homes sold in March compared to 56,000 in February and 66,000 a year earlier. For the year-to-date, sales
from http://www.mortgagenewsdaily.com/reports/newsletter/2019/4/23/3890
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While for-sale home inventory rose in March, fewer new listings have come onto the market in each of the past four months
from http://zillow.mediaroom.com/2019-04-23-Inventory-Growth-Fueled-by-Softening-Demand-Not-More-Sellers
The question this morning was whether March's existing home sales could build on the strong numbers posted in February, an 11.8 percent increase from the prior month with a seasonally adjusted pace of 5.51 million. It was the largest gain in more than three years. The consensus was that they would not. The forecasters were spot on. The National Association of Realtors® (NAR) reports that sales of existing single-family homes, townhomes, condos, and cooperative apartments retreated from their February gains, with each of the four major U.S. regions falling back. The Midwest saw the largest decline although the West wasn't far behind. Total existing-home sales fell 4.9 percent from February to a seasonally adjusted annual rate of 5.21 million. Sales as a whole are down 5.4 percent from a
from http://www.mortgagenewsdaily.com/reports/newsletter/2019/4/22/3888 By Kris Kiser, President & CEO of the Outdoor Power Equipment Institute (OPEI) As the spring selling season kicks into high gear, real estate and staging professionals can help their clients enhance their listings by creating an outdoor space that is attractive to buyers. The family yard not only can expand living space, it also reconnects families and pets with nature and provides a natural setting to reduce stress, improve memory, boost mood, among many other benefits. Here are five points to consider: 1. Understand potential buyers’ lifestyle needs. 2. Know the climate zone. 3. Plant for pets. 4. Attract pollinators & wildlife. 5. Stage the outdoors. Showcase how the space will be used, including setting outdoor tables, having a barbecue grill set up, and other touches that show people can “live” in the space.
ABOUT THE AUTHOR: Kris Kiser is the president and CEO of the Outdoor Power Equipment Institute (OPEI) and the OPEI Education and Research Foundation. OPEI is an international trade association representing 100 small engine, utility vehicle and outdoor power equipment manufacturers, and suppliers. OPEI is managing partner of GIE+EXPO, the industry’s annual international trade show and exposition. Prior to joining OPEI, Kiser, also an attorney, served for 14 years in senior management at two major, Washington, D.C. trade associations representing the automobile manufacturing and forest products industries. He was vice president of state and international affairs for the Alliance of Automobile Manufacturers and vice president of governmental affairs for the American Forest & Paper Association. Learn more about OPEI: OPEI.org
from http://styledstagedsold.blogs.realtor.org/2019/04/22/how-to-prep-a-yard-for-spring-buying-5-tips/
Real Estate Today Radio - SHOW 532
On this week's Real Estate Today, it's our special show "The Closing." This Week's Show Includes: - Top News Of The Week - Ten Things to Bring to the Settlement - Five Things you Must Do After the House is Sold - Smart Home Technology - Get REALTOR(R) Become a part of the community at http://retradio.com! from http://retradio.com
Despite their fourth quarter loss reported last month, independent mortgage banks and bank mortgage subsidiaries still managed, albeit barely, to stay in the black last year. The Mortgage Bankers Association (MBA) said that banks responding to its survey made an average profit of $367 on each loan they originated last year, down from $711 per loan in 2017. They lost an average of $200 per loan in the last quarter of the year, only the third quarterly loss since MBA began collecting the data in 2008. "Despite a healthy economy in 2018, the mortgage market suffered, as rate hikes hurt refinancing volume and low housing inventories priced some potential homebuyers out of the purchase market," said Marina Walsh, MBA's Vice President of Industry Analysis. "For mortgage companies, there was the perfect
from http://www.mortgagenewsdaily.com/reports/newsletter/2019/4/18/3886
This will be the first craft brewery in the Morgan County town. Also this week: Ellison Brewery, The Dugout and Ale Emporium.
from https://www.ibj.com/blogs/19-property-lines/post/73379-roundup-black-dog-brewing-co
Mortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a series of stronger economic reports at home and abroad have eased concerns about global growth. Not only is a strong economy associated with higher rates in general, but those "concerns" were a big part of the Federal Reserve's decision to be more bond-friendly back in March. With concerns arguably lessened by recent data, investors may be assuming the Fed won't be quite as bond friendly going forward. All that having been said, the Fed is NOT likely to make any big changes after one solid month of global economic data. The most immediate cause for pressure toward higher rates came overnight in the form of Chinese economic data. Along with Europe
from http://www.mortgagenewsdaily.com/reports/newsletter/2019/4/17/3884
Mortgage rates rose again today, albeit at a slightly slower clip compared to yesterday. Still, that's little consolidation considering this is the 4th straight day spent moving in that unfriendly direction. The average lender is now back to levels not seen since March 19th. On the bright side, March 19th's rates were the lowest in more than a year at the time. So what's going on? In general, the month of March saw the confluence of 2 great things for rates. Not only was there a generally high level of concern/uncertainty surrounding the global economic outlook, but the Fed was also surprisingly helpful. This was a bit of a double-edged sword because the Fed's helpfulness was predicated on that same sort of concern/uncertainty. In other words, if events unfold in such a way as to ease that
from http://www.mortgagenewsdaily.com/reports/newsletter/2019/4/16/3882 |