Real Estate News 3.19.14

1.Southern California is a real estate seller’s market this spring
“As the busy spring real estate season gets into gear, sellers appear to have the upper hand across much of Southern California.”

2.Mortgage Applications Decrease in Latest MBA Weekly Survey
“WASHINGTON, D.C. (March 19, 2014) — Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14, 2014.  “

3.US Homebuilder Confidence Edges Higher in March
“U.S. homebuilders’ confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up.”

4.Zillow rates Cincinnati a top market for home buyers
“Cincinnati is one of the best markets for home buyers this buying season, according to a new ranking from real estate website Zillow.”

5.Homebuyers eager for spring real estate price thaw
“Consumers planning to jump into the real estate market this spring will need to reassess pricing, whether they are looking to buy or sell. “

6.New doomsday poll: 99.9% risk of 2014 crash
“SAN LUIS OBISPO, Calif. (MarketWatch) — Global risks are accelerating. This is our fourth major poll update of industry leaders: A critical review of their warnings from early last year when we first predicted a 87% risk of a crash: Bernanke’s Fed saw an “unsustainable bubble” … Gross: “credit supernova” … Gundlach: “kaboom ahead” … Ellis: “Don’t own bonds” … Shilling: “shocker” … Roubini: “Prepare for perfect storm” … Shiller: “Irrational exuberance is back” … Schiff: “Doubling down” on “doomsday” prediction … InvestmentNews’ warning 90,000 advisers: “tick, tick … boom!” “

7.Why Real Estate Has Begun To Stabilize
“If you want to make lenders happy — and if you want to enjoy low mortgage rates — then the best and most-certain approach is to avoid delinquencies and foreclosures.”

8.Zillow: Market conditions growing more local
“Different regions will offer diverging levels of negotiating power for buyers and sellers across the country heading into the spring homebuying season, signaling advancement toward a healthier housing market where market conditions tend to be local rather than national, according to a recent analysis by Zillow. “

9.Auction.com, private equity firms bankrolling house flippers
“Private equity firms and other nonbank investment companies including Arixa Capital Advisors LLC, Oaktree Capital Group LLC and Auction.com LLC are fueling a revival in home flipping by offering small investors short-term financing to buy and renovate properties — deals that banks are still shy to fund, Bloomberg News reports. “

TonyAlvarez.com

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