1.Stocks reverse course as Nasdaq retreats
“After starting June with more record highs, stocks are down. Investors continue to weigh the mixed signals about how strong companies and consumers are heading into the summer.”
2.US Construction Spending up 0.2 Percent in April
“U.S. construction spending posted modest gains in April, driven by an uptick in home building and government construction that lifted total activity to the highest level in five years.”
3.Stocks Slip After US Manufacturing Slows
“Stocks were moving lower in morning trading Monday following the release of a closely watched report that showed an unexpected slowdown in U.S. manufacturing last month. The market is coming off record highs last week.”
4.10 things home inspectors won’t tell you
“As the housing market recovers, more buyers and sellers are getting reintroduced to one of the most nerve-racking rituals in real estate: the home inspection. “
5.U.S. factory activity slows, construction spending up
“U.S. manufacturing activity slowed last month and construction spending rose less than expected in April, which could temper hopes of a sharp pick-up in economic growth this quarter.”
6.RealtyTrac: State, national home sale prices continue to climb
“The median sales price of California residential properties – including sales of distressed properties – was $350,000 in April, up 2 percent over March and a 17 percent spike over April 2013, according to Irvine-based RealtyTrac.”
7.Phantom household formation and the inability of the young to purchase real estate: Will we see a resurgence of young homeowners buying homes?
“In most open markets a steady stream of demand will usually trigger a counter response with supply.”
8.Consumer spending hits six-year high
“The polling company says Americans’ reports of daily spending spiked in May, averaging a six-year high of $98 — $10 higher than the April average. This is also up from May 2013 ($90), and is the best figure for the month of May since 2008.”
9.San Fernando Valley home sales fall from year ago
“Homes sales in the San Fernando Valley fell 11 percent from a year ago in April but increased from March, a research center said Friday.”
10.How to Negotiate With Sellers
“If you dread the negotiating process when buying a home, never fear. Your real estate agent is an experienced negotiator who helps keep the bargaining from becoming emotional and veering off track.”
11.Lower rates fail to boost mortgage activity
“Mortgage applications fell a seasonally adjusted 1.2 percent on week last week despite lower rates and expectations of stronger home sales in May, according to the Mortgage Bankers Association (MBA). Total mortgage applications for refinances and home purchases are down 48 percent on year.”