1.Job Market Tilts Toward U.S. Workers in Virtuous Cycle: Economy
“The balance of power in the job market is shifting slowly toward employees from employers. ”
2.As home-equity loans reset, these owners are most at risk
“Home-equity lines of credit, popular during the housing boom of the mid-2000s, are now a source of concern, as many of these loans are due to reset to higher payments in the next few years. ”
3.Denver home inventory shortage eases in July
“The months-long shortage of homes on the market in the Denver area eased slightly in July, the Denver Metro Association of Realtors (DMAR) said in its latest market update.”
4.Huge backlog of Baltimore-area homes under contract could negate weak July home sales
“It was a slow July for Baltimore home sales, but there are indications that August could make up for the decline in closed transactions last month.”
5.Low rates boost REITs, commercial real estate stocks
“As interest rates hover near recent lows, and investors search for anything with yield, commercial real estate is finding its footing yet again, outperforming the broader U.S. stock market. ”
6.The World May Be in Flames, but the U.S. Economy Is Finally Catching Fire
“The stock market has been under pressure for the first time in months. The Eurozone is faltering. China’s credit issues never really went away. American airplanes are once more pounding bombs into the Iraqi desert. Russia and Ukraine. Gaza. There’s a lot to worry about.”
7.The Downside Of Up: How Rising Mortgage Rates Will Lead To Lower Sales
“For 30 years, falling mortgage interest rates have enabled homeowners to move into ever-larger homes on the promise of ever-cheaper financing. But that party is over, and the impact on existing home sales could be significant.”
8.Rising ‘Used-Home’ Obsolescence Drives New Home Sales For Alert Realtors
“REALTOR Janice had worked two months with a couple who insisted on expensive renovations to every short-sale they liked, but could never agree on the cost of renovation. A friend suggested that as alternative to showing another short sale, show a new home because ‘it was already renovated’ for price comparisons.”