1.Homeownership Won’t Be Casualty of Political Gridlock Strategists Tell Realtors®
“Homeownership is expected to retain its political luster through the 2014 election cycle, even as lawmakers struggle to reach consensus on major policy issues like immigration and healthcare, said two top political strategists at today’s Federal Legislative and Political Forum during the Realtor® Party Convention & Trade Expo.”
2.Southland home prices rise in April, but gains ease amid sales slump
“Southern California home prices in April rose at their slowest clip in over a year, as high prices hurt demand and sent sales down.”
3.Fannie Mae, Freddie Mac won’t reduce loan limits, regulator says
“The regulator for Fannie Mae and Freddie Mac said Tuesday he would not force the mortgage finance giants to reduce the limits on loans they guarantee, because of concern about the slowing housing market.”
4. 7 places where home prices are falling
“The recovery in the U.S. property market has proved to be choppy. National home prices still haven’t returned to 2005 levels, according to David Blitzer, chairman of the index committee at S&P Dow Jones Indices, who cites both new and existing home sales.”
5.Homeownership in Sacramento plummets to lowest level in 40 years
“Homeownership in Sacramento County has plunged to its lowest level in 40 years after last decade’s catastrophic housing crash and the mass purchase of foreclosed homes by real estate investors.”
6.The rising inequality in the global feudal housing market: Big money devouring real estate assets at the expense of traditional buyers.
“The traditional home buyer is tapped out. You have a massive number of young adults living at home with very little financial means for purchasing a home. “
7.National home price increase pale compared to some in Central Valley
“Central Valley metropolitan areas that saw home prices tank more than virtually anywhere in the nation during the Great Recession, are now seeing some of the country’s sharpest increases, according to figures Tuesday from CoreLogic Case-Shiller.”
8.Economic confidence holding steady
“Steady as she goes, seems to be the mode the economy is in, based on a new poll by Gallup Inc.”
9.Housing market perks up, underwater properties decline
” The Inland Empire is leading Southern California in home appreciation. “
10.New Policies Could Make Mortgages Easier To Get
“The regulator of Fannie Mae and Freddie Mac laid out new policies Tuesday that could make it easier for many Americans to obtain mortgages, in part by holding off on any reduction in the size of loans the firms can buy.”
11.FindTheBest Homes blends neighborhood and listing search
“FindTheBest, a “research engine” that claims 20 million monthly unique visitors, has launched neighborhood and listing search tools built around rich neighborhood data, marking the latest effort to stitch granular community information into the online real estate search experience.”
12.Faster Pace for Southland Home Sales; Median Sale Price Edges Higher
“Southern California’s housing market perked up a bit in April, with sales rising more than usual from March and dipping below a year earlier by the smallest degree in six months. Home prices edged higher again but at a slower pace, the result of more inventory, affordability constraints and less pressure from investors, a real estate information service reported. “