1.Economic worries still dragging down housing market, Fannie Mae says
“Broad concerns about the sluggish economy are still holding back the housing market, according to a survey released Monday by Fannie Mae.”
2.Commercial/Multifamily Mortgage Debt Outstanding Rises to Another High in First Quarter
“The level of commercial/multifamily mortgage debt outstanding increased by $11.1 billion in the first quarter of 2014, as three of the four major investor groups increased their holdings. That is a 0.4 percent increase over the fourth quarter of 2013.”
3.How to beat out all-cash home buyers
“The rise of all-cash deals in places like Miami has made it difficult for high-end home buyers planning to use a mortgage. In response, many of these borrowers are turning to lenders able to close loans quickly or offer a range of financing options. “
4.Portland Housing Bureau gives first-time and elderly home buyers 4M rays of hope
“Portland’s Housing Bureau is making money available to an array of home buyers and owners who might need assistance either obtain or remain in their domain.”
5.Real Estate In Your IRA – How Not To Do It
“Using IRA funds to invest in real estate can be very good idea. Well, at least I know one person for whom it worked out. It did not, however, work out very well for Guy Dabney, who recently represented himself in Tax Court. “
6.May Chicago Real Estate Market Update: Home Sales Plunge
“The Chicago real estate market took a pretty big hit in May, with sales declining by the largest year over year percentage since June 2011 – down 13.5%. That marks the 5th month in a row that sales declined from the previous year”
7.Best place for your $100,000
“Despite markets hitting an all-time high, investors are keeping cash on the sidelines. CNBC’s Morgan Brennan calculates where investors with $100,000 should invest their cash. “
8.Say hello to rising housing inventory in Southern California: Year-over-year inventory is up 26 percent in Los Angeles and 30 percent in Ventura.
“Have you heard the good news? Today is a great time to buy in SoCal! So says the multiple flyers, e-mails, and recent phone messages I have been receiving from local real estate workers.”
9.Spring-Summer Buying and Selling Season Sputters Despite Drop in Mortgage Rates
“Americans’ concerns about the direction of the economy and their household income appear to be weighing on housing growth, according to results from Fannie Mae’s May 2014 National Housing Survey. The share of respondents who believe the economy is headed in the wrong direction remained at 57 percent last month, and those who said their household income is significantly higher than it was at the same time last year decreased four percentage points to 21 percent. Although respondents’ attitudes toward housing have been generally positive during the past few months, their reluctance to enter the home buying or selling market has restrained activity below typical seasonal trends.”