1.Despite Home Price Slowdown, Wages Can’t Keep Up With Prices
“Asking home prices rose faster than wages in 95 of 100 metros. Still, home prices were flat or falling quarter-over-quarter in the formerly booming markets of Las Vegas, Phoenix, Sacramento, and Orange County.”
2.Applications for New Home Purchases Decreased in June 2014
“The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2014 shows mortgage applications for new home purchases decreased by 5 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.”
3.Average US 30-Year Mortgage Rate Rises to 4.15 Pct
“Average U.S. rates on fixed mortgages edged up slightly this week, remaining near historically low levels.”
4.These Are The Foreigners Buying Up American Real Estate
“Ever wonder why New York real estate prices are so high? Well, sure there is an issue of space, and the fact that New York is a world city with people from Russia and China gobbling up apartments like Pacman enroute to a power pellet. But one of the biggest supporters of real estate pricing these days is the Chinese buyer.”
5.5 Ways Big Data Is Changing Real Estate
“Real estate has traditionally been a game won or lost based on old-fashioned networking and shoe-leather style hard work — deeply dependent on timing, detecting trends and more than a little bit of luck. ”
6.Home sellers out of touch
“Mortgage rates are still attractive, but housing affordability is still out whack, explains CNBC’s Diana Olick. Rents are also rising fast. ”
7.Where the market is headed
“Discussing volatility in the market, and what to do with stocks now, with Alan Reid, Forward CEO, and Ken Taubes, Pioneer Investment Management. ”
8.Mistakes That Decrease The Value Of Your Home
“When you’re getting ready to sell your home, you don’t want to make any mistakes that can decrease the value of your home. However, sometimes sellers unintentionally do.”
9.Don’t Sell Your Home, Rent It!
“You’ve got some equity in your home and the itch to move up to something bigger, so it’s just a matter of time until your house goes on the market, right?”