1.First rise in foreclosure auctions in nearly four years
“Foreclosures are up for the first time in nearly four years. But housing experts aren’t worried.”
2.New way to sell real estate
“CNBC’s Diana Olick reports from New York City, where real estate agents are working to reach a wider pool of buyers by posting the before and after virtual renovations online. ”
3.Examining the net worth of renters and homeowners: Most Americans stash their wealth in home equity. Many housing markets affordable, just not the area you are looking at.
“The nation is undergoing a radical transformation where renting is currently outpacing homeownership.”
4. Real Estate Equity Crowdfunding Is Catching On With Investors
“In the high-flying world of commercial property investments, $1.5 million is a rounding error. So most investors probably didn’t pay much attention when, in late July, the owners of the Hard Rock Hotel Palm Springs said they had sold a 15 percent stake for that sum to a group of 85 people.”
5.Mortgage rates up, loan applications down
“There seems to be a disconnect between two big housing market indicators.”
6.California August Home Sales
“An estimated 37,228 new and resale houses and condos sold statewide in August. That was down 6.0 percent from 39,608 in July, and down 12.5 percent from 42,546 sales in August 2013, according to CoreLogic DataQuick data. ”