Real Estate News 4.22.14

1.Home sales slip in March across U.S.; price growth slows
“Home sales slipped across the U.S. in March as would-be buyers continue to grapple with tough credit standards and too few houses on the market.”

2.Sales of US Existing Homes Slip to a 20-Month Low
“Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.”

3.UPDATE 2-U.S. home resales hit 1-1/2 year low, but may be stabilizing
“WASHINGTON, April 22 (Reuters) – U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end”

4.Foreclosure rates edge downward in Central Valley
“The pace of homes falling into the foreclosure process declined in February across much of the Central Valley, once the epicenter of the nation’s mortgage meltdown, according to a report Tuesday from financial information company CoreLogic Inc. (NYSE: CLGX) of Irvine.”

5.Thawing out: Warmer temperatures lift U.S. economy
“A recent batch of government and business reports show a U.S. economy emerging from winter’s deep freeze. “

6.Real Estate Q&A: Money-Saving Home Improvements, Who To Call If There’s A Fire In Your Home
“I just bought a house that was built in the late 1950s and has no insulation in the walls, attic or crawl space. It also has older single-pane windows that I’m considering replacing. For my limited budget, which project is the most financially advantageous, if any?”

7.San Fernando Valley housing inventory jumps 50 percent
“The number of homes for sale soared 50 percent in the San Fernando Valley during March, but sales remained soft as prices crested the half-million-dollar mark, a trade association said Monday.”

8.Alternatives to Putting 20 Percent Down on a Home
“It’s a mantra often repeated in the real estate industry: If you want to buy a house, you need a 20 percent down payment. But with the average house in the U.S. costing $311,400 as of December 2013, according to the Census Bureau, all one has to do is the math to get a coronary. Raising a 20 percent down payment isn’t an easy thing to do.”

9.What we are lacking right now is not intelligence, but wisdom
“When you look around the world right now, you see an amazing number of leaders, with very high IQs, making terrible decisions,” says Huffington Post Media Group Chairwoman, President and Editor-in-Chief Arianna Huffington. “The problem is not that they are not smart. The problem is they are not wise. What we are lacking right now is not intelligence, but wisdom.”

10.Best Renovation To Add Value? Income Suites
“What’s the best renovation project if you want to add resale value to your home? Most of us would say improving the kitchen or bathroom, but the correct answer is adding an income suite, says Scott McGillivray, a real estate investor, contractor and the host of Income Property on HGTV Canada.”

11.Rich Dad Poor Dad: How to Buy Your FIRST Real Estate Investment Available for FREE Download
“The Rich Dad Company makes How to Buy Your FIRST Real Estate Investment workbook available for free eBook download beginning today. “

TonyAlvarez.com

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