1.Applications for New Home Purchases Increased in April 2014
“The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for March 2014 shows mortgage applications for new home purchases increased by 5 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 68.4 percent of loan applications, FHA loans composed 15.8 percent, RHS/USDA loans composed 1.6 percent and VA loans composed 14.2 percent. The average loan size of new homes increased from $296,428 in March to $299,094 in April. “
2.U.S. Stocks Rise as Technology, Small-Cap Shares Rally
“U.S. stocks climbed, as Internet and small-cap shares rallied while the Dow Jones Industrial Average hit a record, amid deals activity that boosted confidence in the world’s largest economy. “
3.Why millennials are hurting the real estate recovery
“First-time home buyers haven’t been much help in the housing recovery, but it isn’t because young adults stopped aspiring to become homeowners. “
4. 43% of 2014 home buyers paid all cash
“Americans are still buying homes in all-cash deals, despite more investors leaving the market, according to a new report. “
5.Is Real Estate Crowdfunding Right for Me?
“Want to invest in an income producing, multi-family property in Indianapolis? How about helping fund a brand new shopping center in California? Thanks to real estate crowdfunding, ordinary investors may now be able to invest in real estate projects that were once available only to deep-pocketed real estate developers.”
6.Real estate market still advantageous for first-time home buyers despite seller’s market
“STATEN ISLAND, N.Y. — After a divorce, Christine Miglionico moved herself and her daughter into her father’s home. “
7.Investing in Property Still Possible in a Rising Market, Says Rick Otton
“Rick Otton, owner and director of We Buy Houses Pty Ltd, will explain how Sydney-siders can invest in property in a rising market when he launches his Ready,Set, BOOM National Tour later this month.”
8.Are Electronic Mortgage Closings Better?
“Real estate settlements will increasingly include more electrons and less paper if the government has its way. We’re plainly moving toward paperless closings but before celebrating it might be wise to look at the potential costs.”