Real Estate News 7.3.14

1.Mortgage Rates for 30-Year U.S. Loans Fall for Third Week
“U.S. mortgage rates for 30-year loans fell for a third week, reducing borrowing costs as housing demand regains strength.”

2.Payrolls Jumped as U.S. Jobless Rate Fell to 6.1% in June
“Job creation surged beyond expectations in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring the strength of a U.S. labor market that will help spur a rebound in growth. ”

3.Dollar Rises on Speculation June Jobs Gains to Bolster Outlook
“The dollar rose from almost an eight-week low against a basket of peers as a stronger-than-forecast private jobs report boosted optimism that nonfarm payroll data tomorrow may show the U.S. economy is gaining traction.”

4.US Hiring Surges as Unemployment Dips to 6.1 Pct.
“U.S. employers accelerated their hiring last month, adding a robust 288,000 jobs and helping drive the unemployment rate to 6.1 percent, the lowest since September 2008.”

5.Hiring booms in June as economy speeds up
“The economy created 288,000 jobs last month, posting a fifth straight gain of 200,000 or more, according to the government’s survey of worksites. The last time that happened was in 1999.”

6.Crowdfunding changing real estate financing for operators and investors
“Two years ago, U.S. Congress passed the JOBS (Jumpstart our Businesses) Act, which empowered smaller companies to raise financing more easily.”

7.Jobs blowout: Economy gains 288,000 in June
“The labor market continued to gain momentum and defy a mixed economy in June as employers added 288,000 jobs, the Labor Department said Thursday.”

8.Best markets for buying residential rentals found
“Investors buying U.S. residential rental property in the second quarter of 2014 are getting an average annual return of 9.97 percent, down from an average annual return of 10.60 percent a year ago, according to a study by RealtyTrac Inc. of Irvine.”

TonyAlvarez.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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