Real Estate News 4.16.14

1.Want to make money as a landlord? Try Detroit
“Want to make money as a landlord? Consider Detroit… seriously.”

2.Stocks: Off to a good start
“Earnings, economic data, and China seemed to be the special sauce for a good market start on Wednesday.”

3.Mortgage Applications Increase in Latest MBA Weekly Survey
“WASHINGTON, D.C. (April 16, 2014) — Mortgage applications increased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2014. “

4.Should American Dream still be owning a home?
“There are plenty of buyers in the market now and there’s not much holding them back,” says Kershisnik, 34, who works out of Germantown, Maryland, a suburb of Washington, D.C. “

5.Real estate market has buyers, but needs more homes
“Good home sale numbers for the first quarter are certainly a welcome jolt for the spring real estate season, but Realtors report that inventory is low and new listings are sorely needed.”

6.HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN MARCH
“WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today announced the following new residential construction statistics for March 2014”

7.Detroit’s $1,000 houses may be a lousy deal
“For Sale: A spacious 1,600-square-foot, three-bedroom Tudor-style home built in 1929, with one-and-a-half baths, glass block windows, hardwood floors, crown molding and custom fireplaces. Within walking distance of restaurants, playgrounds and public schools. “

8.Southern California housing market shows two sides in March
“Southern California’s tepid housing market took on a split personality in March, with sales stuck near a six-year low and prices at a six-year high, a market tracker said Tuesday.”

9.U.S. Industry Shows Some Vigor, But Housing Still Soft
“WASHINGTON — – U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.”

10.The Five Biggest Mortgage Mistakes You Can Make
“For most buyers, the mortgage is the largest monthly expense they will have. Yet most borrowers will do little to no preparation, negotiation, or shopping to get the best deal. And they end up paying much more for their loans than they need to. You? You’re smarter than that, or you wouldn’t be reading this article. Here are five of the biggest mistakes that can cost you real money.”

11.Make These Upgrades to Save Energy & Boost Your Home’s Resale Value
“Most homeowners would benefit from a home energy audit, especially those with older homes. An audit will uncover where your home is wasting energy and how to best remedy the situation. Remodeling your kitchen, bathroom or living room may add to your home’s resale value, but the following energy-efficient upgrades add value and save you money on your monthly utility bills – and you’ll help the environment, too.”

12.Southland Home Sales Stuck at 6-year Low; Median Price Rises to 6-Year High
“La Jolla, CA—Southern California home sales quickened last month compared with February, as they normally do, but remained far below average and at the lowest level for a March in six years. The median sale price rose to a more-than-six-year high, driven up by demand that continues to exceed supply in many areas, as well as a shift toward a greater share of sales in middle and high-end markets, a real estate information service reported. “

TonyAlvarez.com

Leave a Reply

Your email address will not be published. Required fields are marked *