1.Owning a home no longer the American Dream
“The great American Dream is dying. Even though many Americans still desire to own a home, they are losing faith in homeownership as a key to prosperity.”
2.Mortgage Applications Decrease in Latest MBA Weekly Survey
” Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 30, 2014. This week’s results include an adjustment for the Memorial Day holiday. “
3.10 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. “
4.Five questions with suburban real estate broker Garry Holmes
“Garry Holmes, president of R.W. Holmes Realty, a Wayland-based commercial real estate brokerage, has been working the suburban office market since the 1980s. He’s completed lease and sale transactions totaling more than 10 million square feet of office and R&D space. But the last few years have been a challenge as the region’s availability rate has topped 20 percent, a far cry from the dot.com days when single-digit vacancies were the norm. “
5.REAL ESTATE: Inland counties called fast house flippers
“Inland Southern California made a name for itself when it came to fast flips when the housing market was poker hot.”
6.Economy on solid ground despite cooler hiring
“U.S. companies hired far fewer workers than expected in May, but an acceleration in services sector growth supported views the economy was regaining strength after sagging early this year.”
7.5 Reasons the Economy is Not Headed for Recession
“The economy may have slipped out of gear, but it’s not in reverse.”
8.Midday Glance: Homebuilders companies
“NEW YORK (AP) — Shares of some top homebuilders companies are up at 1 p.m”
9.Real-estate & technology
“A number of office building landlords are turning to technology to lure small tech startups. “
10.Blackstone’s home buying strategy
“CNBC’s David Faber speaks to Jonathan Gray, The Blackstone Group global head of real estate, about Blackstone’s real estate approach and the rise of home prices. Gray says the shortage in new supply of single family homes is driving home costs higher.”
11.A history of a turning housing market in Southern California: Does the contraction in sales necessarily mean a fall in home prices?
“Housing markets have a very slow inflection point compared to say the stock market. When the stock market corrects, the reaction is nearly instantaneously and the visual cues are so apparent by thousands of flashing red signs.”