Real Estate News 3.27.14

1.February Pending Home Sales Continue Slide
“Pending home sales declined for the eighth straight month in February, according to the National Association of Realtors®. Modest increases in the Midwest and West were offset by declines in the Northeast and South; all regions are below a year ago.”

2.WRAPUP 2-U.S. economy shows some muscle, housing still lagging
“The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill.”

3.U.S. economy shows some muscle, housing still lagging
“The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill.”

4.Pending U.S. home sales drop in February, marking 8th straight decline
“In the latest sign of a continuing slowdown in the housing market, a key predictor of home-sale volume fell for the eighth straight month in February, though the outlook was brighter in the West.”

5.Why did residential sales decline for fourth month straight?
“Residential properties sold at an estimated annual pace of 5,083,241 in February, a 0.2% decline from January but up 7% from February 2013, according to the latest report from RealtyTrac.”

6.Pending home sales down 10.5% from February 2013
“Pending home sales fell for the eighth straight month, down 0.8% from the downwardly revised January report and down 10.5% from February 2013, according to the index from the National Association of Realtors.”

7.U.S. Stocks Decline as Bank, Technology Shares Lead Drop
“Banks and technology companies led U.S. stocks lower for the fourth time in five days, as a midmorning recovery fizzled and investors resumed a rotation out of the bull market’s biggest winners. “

8.Average US 30-Year Mortgage Rate Rises to 4.40 Pct
“Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015.”

9.Contracts to Buy US Homes Fell in February
“The number of Americans who signed contracts to buy homes fell for the eighth straight month in February, a sign that real estate sales will likely slow over the next few months.”

10.Real Estate Stock Investors Shouldn’t Ignore The Smaller Neighborhoods
“After a spectacular five-year run, global real estate stocks look headed for a period of more normal returns. We think winning in this space will require a more  discriminating eye—and venturing into the often neglected nooks and crannies of the smaller-cap real estate world.”

11.Real Estate Crowdfunding Startup Realty Mogul Raises $9M
“Realty Mogul, a site that allows accredited investors to collectively back real estate projects, is announcing that it has raised a $9 million Series A led by Canaan Partners.”

12.U.S. pending home sales fall to lowest level since October 2011
“The number of contracts to buy previously-owned U.S. homes fell in February to the lowest level in more than two years, a sign the housing sector has yet to shake off the impact of higher interest rates and a harsh winter.”

13.U.S. residential-property sales drop 0.2% in Feb
“U.S. residential-property sales slid 0.2% in February from the prior month, the fourth consecutive month sales activity eased sequentially, according to market researcher RealtyTrac. “

14.How the sharing economy is changing home affordability
“As implied by the name, the sharing economy works when some people who own things are happy for others to make use of them –  for a fee”

15.Pending Home Sales Weaker Again, but May be Stabilizing
“The National Association of Realtors® (NAR) Pending Home Sales Index (PHSI) for February added more confirmation of a slowing home housing market.  The PHSI, released this morning, showed an eighth straight month of declining contract signings. “

TonyAlvarez.com

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