1.KB Home launches new subdivisions in Santa Clarita
“The big Los Angeles-based homebuilder has bought 278 lots in two subdivisions in the Plum Canyon area of the north Los Angeles County city, with plans to start construction by early summer.”
2.Hiring in U.S. Kicks Into Higher Gear as Unemployment Plunges to 6.3%
“America’s job-creation machine kicked into higher gear in April as employers boosted payrolls by the most in two years and the jobless rate plunged to the lowest since the collapse of Lehman Brothers. “
3.20 million U.S. families could buy homes, but don’t
” For Rebecca Diamond, a marketing manager in Randallstown, Md. who’s getting married this month, buying a home with her new husband would seem like the logical next step. But she’s not even considering it. “
4.House flipping becomes more profitable
“If you’ve been dreaming of fixing up a home and unloading it for a tidy profit, now may be the time to do it. “
5.These cities are rising real estate stars
“Househunters in Miami, Chicago and Lagos had better get ready for their dream homes to get that much more expensive. The cities have joined the list of locations that could outperform real estate markets in more established global cities, according to a new report.”
6.Jobs vs GDP: Which economy is it?
“A look at recent headlines may have some scratching their heads about the state of the economy. “
7.Home loans fall off as sales slow, rates rise
“Fewer home sales and rising interest rates have led to the nation’s lowest level of mortgage lending in 14 years.”
8.Baby boomers moving back home with mom and dad from the silent generation? 2 million adults live with parents in California and those 50 to 64 moving in with parents has surged.
“House horny Californians try to avoid the overarching statistics starring them directly in the face. Many Californians are all hat and no cattle.”
9.U.S. jobless rate drops to 6.3 percent in April
“Total nonfarm payroll employment rose by 288,000, and the nation’s unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics says Friday.”
10.Foreclosure activity lowest in 8 years in California, Los Angeles County
“California’s foreclosure activity has flatlined. For the last three quarters, the number of homeowners receiving default notices has hovered around a level last seen eight years ago, according the the latest report from market tracker DataQuick.”
11.House flippers grow more cautious as price appreciation slows
“Easing home price appreciation made home flipping less attractive to investor buyers in the first quarter, but rates of return on flips rose, according to the latest report from data aggregator RealtyTrac.”
TonyAlvarez.com