Jason Agee's Blog: June 2017

Friday, June 30, 2017

Worst Week For Rates Since March, and a Counterpoint; Does Refi Advertising Help or Hurt?

Mortgage rates moved higher for a 4th straight day to end the month of June. In terms of upward movement, this has been the worst week for mortgage rates since early March, 2017. Most borrowers are now seeing rates that are a full eighth of a point higher than Monday morning's levels. While that's not even remotely close to the damage done during election week last year, an eighth of a point in 4 days is definitely on the abrupt side of historical averages. Whereas 3.875% had been widely available on Monday morning, the most prevalently-quoted conventional 30yr fixed rate is now up to 4.0% for top tier scenarios, and 4.125% is rapidly gaining market share. Whereas the lock/float outlook had been calm and steady heading into this week, it quickly turned defensive as losses mounted. There are

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/30/2869

Rates Highest in More Than 2 Weeks; Lopsided Conditions Drag Down Sales; Apps Ebb; Waivers For Early Compliance

Mortgage rates moved moderately higher again today, as investors continued digesting the possibility of a "taper tantrum" in Europe. The US version of the taper tantrum occurred in 2013 when the Fed began signaling its intention to buy fewer bonds. Fed bond buying was a key motivation for the all-time low rates seen in 2012. Early yesterday morning, the head of the European Central Bank (ECB) made comments that led some investors to believe Europe was nearing its own showdown with tapering. The ECB responded this morning by telling markets they've got it all wrong and that the original comments were intended to be "balanced." While that did help bond markets recover somewhat, it wasn't enough for mortgage rates to move appreciably lower. The average lender is once again quoting 4.0% on top

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/28/2867

Signs of Slowing Despite Record High Home Prices; Rates Bounce Higher; More GSE Drama?

The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high , on a non-seasonally adjusted (NSA) basis for the fifth consecutive month. Some of the Case-Shiller numbers however, show some deceleration from their record pace. The month-over-month National Index gained 0.9 percent from March on a NSA basis compared to an 0.8 percent increase in March. It was up 0.2 percent after adjustment. The annual index was up 5.5 percent . The year-over-year increase in March was 5.6 percent, and that was revised down from 5.8 percent. The 10-City Composite Index gained 4.9 percent compared to April 2016, down from 5.2 percent the previous month. The 20-City Composite posted a 5.7 percent year-over-year gain, down from 5.9 percent in March. The 10-City index rose 0.8 percent

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/27/2865

Sellers' Market Could Help Inventory; Freddie Outlook Brightens; Falling Demand Helping Guidelines

Is there relief in sight for those oft cited, much maligned tight housing inventories? The National Association of Realtors® (NAR) sees a glimmer of hope in the responses it received to a recent survey. The Housing Opportunities and Market Experience (HOME) survey for the second quarter found 71 percent of homeowners think now is a good time to sell , which is up from last quarter (69 percent) and considerably more than a year ago (61 percent). Respondents in the Midwest (76 percent) surpassed the West (72 percent) for the first time this quarter to be the most likely to think now is a good time to sell. NAR says if homeowners act on this sentiment, there might eventually be an increase in real estate listings which have declined year-over-year each month for two straight years. However

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/26/2863

Worst Week For Rates Since March, and a Counterpoint; Does Refi Advertising Help or Hurt?

The July 4th Special - Show 438

Real Estate Today Radio - SHOW 438

On this week's Real Estate Today, it's our special show "The July 4th Special."

This Week's Show Includes:
- Top News Of The Week
- The 30 Year Mortgage
- The Capital Gains Exclusion
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

from
http://retradio.com

Thursday, June 29, 2017

Proposed canal park still in play despite funding issues

Supporters announced plans for a downtown park along the Central Canal in late 2014. Forced to regroup, they're now about halfway to their fundraising goal.

from
https://www.ibj.com/blogs/3-property-lines/post/64406-proposed-canal-park-still-in-play-despite-funding-issues

Proposed canal park still in play despite funding issues

Homeowners Named Stuart and Alison Own Most Valuable Homes in the U.S.

Stuarts and Alisons own homes worth more than $330,000, 66 percent more valuable than the median home value in the U.S.

from
http://zillow.mediaroom.com/2017-06-29-Homeowners-Named-Stuart-and-Alison-Own-Most-Valuable-Homes-in-the-U-S

Wednesday, June 28, 2017

Rates Highest in More Than 2 Weeks; Lopsided Conditions Drag Down Sales; Apps Ebb; Waivers For Early Compliance

Will the Hispanic Homeownership Gap Persist?

This is the American story. A wave of immigrants arrives in the U.S. Perhaps they're escaping religious or political persecution. Perhaps a drought or famine has driven... More

from
http://www.freddiemac.com/research/insight/20170627_hispanic_homeownership_gap.html?attr=rssCB

Housing Remains a Bright Spot for Economy

The economic picture remains much the same as in recent years. After revisions to consumer spending, real gross domestic product (GDP) growth in the first quarter... More

from
http://www.freddiemac.com/research/outlook/20170623_housing_remains_a_bright_spot_for_economy.html?attr=rssCB

City pores over more designs for mammoth Bottleworks project on Mass Ave

Historic preservation officials examined plans on Wednesday for an eight-story office building and the pie-slice-shaped face for the project, in preparation of a major meeting in July.

from
https://www.ibj.com/blogs/3-property-lines/post/64321-city-pores-over-more-designs-for-mammoth-bottleworks-project

Number of Homes for Sale Drop at Fastest Pace in Four Years

An increase in the number of single-family home rentals has taken away a chunk of sellable inventory, according to the May Zillow Real Estate Market Reports

from
http://zillow.mediaroom.com/2017-06-22-Number-of-Homes-for-Sale-Drop-at-Fastest-Pace-in-Four-Years

Signs of Slowing Despite Record High Home Prices; Rates Bounce Higher; More GSE Drama?

Sellers' Market Could Help Inventory; Freddie Outlook Brightens; Falling Demand Helping Guidelines

New Home Sales Rebound; Prices Crush Previous Record; Diversity's Homeownership Impact

The report on May new home sales, released this morning, paints a much brighter picture than last month's release of April data. In that report, the U.S. Census Bureau and the Department of Housing and Urban Development said new home sales had dropped 11.4 percent from their March level, to a seasonally adjusted annual rate of 569,000 units. Today that rate was revised up to 593,000. May sales improved on that report. They were up by 2.9 percent from April to a seasonally adjusted estimate of 610,000, cracking the 600,000 mark for only the fourth time since the housing crisis began. Sales are now 8.9 percent higher than in May 2016 when the estimate was 560,000. On a non-seasonally adjusted basis, sales in May were 1,000 units higher than in April, at 58,000. May's annual rate of sales was

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/23/2859

Home Prices Still Defying Odds; Refinanceable Population Soars

April data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases . FHFA's Housing Price Index (HPI), which is based on loans sold to or guaranteed by the two GSEs, Fannie Mae and Freddie Mac, increased 0.7 percent from March. Further, the March Index, originally reported to have gained 0.6 percent from the previous month, was revised upward, also to 0.7 percent. There was an even larger jump in the pace of appreciation on an annual basis. The year-over-year HPI was up by 6.8 percent compared to 6.4 percent in March. For the nine census divisions, seasonally adjusted monthly price changes from March 2017 to April 2017 ranged from an 0.1 percent decline in the East South Central division to a 1.6 percent gain in

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/22/2857

Existing Sales Rise, Prices Peak, Time-to-Sell at New Low; Refis on The Upswing

Existing home sales weren't expected to strengthen in May, in fact analysts were looking for a slight decline. Sales however did manage to recover from a significant April loss while inventories increased slightly and the median sales price rose to a new high. The National Association of Realtors® (NAR) said completed sales of existing single-family houses, townhouses, condos, and cooperative apartments rose 1.1 percent to a seasonally adjusted annual rate of 5.62 million. This was a 2.7 percent year-over-year gain. April's sales had tumbled by 2.3 percent compared to the previous month. Those sales were revised lower still, from the original rate of 5.570 million to 5.560 million. Analysts polled by Econoday had expected sales to be in the annual range of 5.450 million to 5.650 million

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/21/2855

Tuesday, June 27, 2017

Signs of Slowing Despite Record High Home Prices; Rates Bounce Higher; More GSE Drama?

Will the Hispanic Homeownership Gap Persist?

Housing Remains a Bright Spot for Economy

Will the Hispanic Homeownership Gap Persist?

City pores over more designs for mammoth Bottleworks project on Mass Ave

Number of Homes for Sale Drop at Fastest Pace in Four Years

Monday, June 26, 2017

The Ultimate Guide to Cleaning a Bathtub (Based on the Type of Tub)

Contributed by TheHandyNest.com

A dirty and filthy bathtub with spots and scratches is hardly a relaxing sight. It can also act as a breeding ground for germs and bacteria. Here we will be talking about some of the best ways on how to clean bathtub and how to protect it from dirt and spots.

Materials Used To Create A Bathtub

Depending on the material that is used to create the bathtub, different methods of cleaning can have different effects on the bathtub. Some of the materials are easier to clean when compared to others, whereas some might take longer and more effort. Let’s have a quick look on a few materials that are commonly used to make bathtubs.

Porcelain Enameled Steel Bathtub

Porcelain enameled steel is a commonly used and comparatively inexpensive option when it comes to making bathtubs. These bathtubs tend to be heavier than acrylic and fiberglass bathtubs. They are extremely durable and are easy to clean.

Some of the disadvantages of using a porcelain enameled steel bathtub are that they tend to get chipped easily and these chipped areas can quickly begin to rust.

Cleaning tips:

When cleaning a porcelain bathtub, avoid using abrasive cleaners as they can chip the surface of the bathtub. Also stay away from scouring powder, white vinegar, and steel wool as they can damage the finish of the bathtub.

If you are looking for a cleaner that is gentle on the surface and can be used weekly, then you can choose any of the bathtub cleaners available in the store. Be sure to check if the given cleaner is safe on porcelain enamel.

You can even make your own porcelain bathtub cleaner at your home by following the below steps:

Add a couple tablespoons of your dish washing soap to a gallon of hot water and apply on the surface of the bathtub using a sponge or a rag.
Scrub the porcelain and rinse well with water.

Make sure you only use this process once a month — at most — as it can damage the bathtub with overuse. If you wish to give your bathtub a new and shiny appearance, dab a small amount of lemon oil and rub the sides of the bathtub.

Acrylic Bathtub

Acrylic bathtubs are often used today due to their versatility, durability, options, and economic affordability. The acrylic tub is made up of vacuum formed acrylic sheets, which are then reinforced with the help of fiberglass. They have a non-porous surface and can be repaired to some extent in the case of any damage. They come exclusively in a range of colors, shapes, and sizes.

But care should be taken while cleaning such bathtubs as they easily tend to get scratched when cleaned with an abrasive cleaner.

Cleaning tips:

It is extremely important to be careful when cleaning your bathtub if it is made up of acrylic plastic. Acylic plastic can be easily damaged by the effects of chemical and abrasive materials. So, it is highly recommended to take all the more care while cleaning an acrylic plastic bathtub. Here is what you can do:

Use warm water and wet the bathtub before you begin the cleaning process.
Pour a small amount of baby shampoo on a damp rag or a piece of cloth and rub the surface of the bathtub in circles.
Rinse the rag often as the rag can begin to accumulate soap on it. Rinse the surface of the bathtub and repeat the process until you think that the bathtub is clean and spot free.

After the surface has dried and is cleaned, use a can of car wax and a rag to apply the wax on the surface of the bathtub.
Apply the wax on the surface of the bathtub in circles, like how you would generally apply car wax on your car.
Allow the surface to dry out for a few minutes and buff the surface of the bathtub with the help of a dry cotton ball.

The car wax applied on the bathtub makes the soap, water, and shampoo do not stick to the surface. Repeat the process if necessary.

Fiberglass Bathtub

Fiberglass bathtubs are another affordable option when it comes to bathtubs. They are created with layers of surface coat, polyester resin, and fiberglass reinforcements. They are less durable as well.

You should take care when you are cleaning your fiberglass bathtub as they are not durable like other materials and the surface can easily get cracked and scratched. The finish also tends to fade away with constant use.

Cleaning tips:

You can clean your fiberglass bathtub with the help of a shower or cleaner mixture as explained in the steps below:

In a part of hot water, mix a healthy amount of baking soda and half a cup of your dish soap.
When the components are mixed, it will begin to form a paste.
Keep adding baking soda to the mixture till it is able to stick on the wall of the bathtub.
Use a sponge and apply the mixture on the bathtub and allow it to stand for 30 minutes or more.
After half an hour, wait and scrub the bathtub vigorously.
Rinse the fiberglass bathtub with the help of cold water and wipe away the excess water with the help of a paper towel.
Now you can use a magic eraser to wipe away all the stains and dirt once again.

To give your fiberglass bathtub the shine and appearance of a new bathtub, use a good grade rubbing wax that is made especially for fiberglass. Here is what you need to do:

Take a good grade auto wax and an orbital buffer.
Apply the rubbing wax and work your magic in small sections.
Don’t apply the mixture for long on one area as it can burn the fiberglass.
Buff the rubbing wax with the help of a terry cloth and complete the process with the help of auto wax.
Rinse with cold water to harden and allow the shine to stay for longer.

Enameled Cast Iron Bathtub

An enameled cast iron bathtub is an extremely durable and heavy bathtub, which is made up of enameled cast iron. It is made up of molded iron and is coated with enamel. It is more expensive when compared to the other kinds of bathtubs but this makes them all the more durable and long lasting.

The thick enamel cover makes it resistant to chipping and scratching and helps you maintain the look for years to come. However, avoid using harmful chemicals on an enameled cast iron bathtub, and use baking soda and water to keep it new for years to come.

Cleaning tips:

Handle an enameled cast iron with caution as you can end up discoloring it with the use of harmful chemicals. For daily cleaning, it is highly recommended to use baking soda with warm water. All you need to do is:

Make a paste out of baking soda and warm water and apply it on the stains
Let the paste sit there for around 30 minutes
Use a cleaning towel to scrub the scrum and filth
Rinse with warm water.

However, if your bathtub has some tough stains, follow the following steps:

Mix a teaspoon of trisodium phosphate cleaner (TSP) with hot water.
Apply the solution on the stain with gentle rubbing using a sponge and rinse well.

Bathtubs Made of Cast Polymers (Like Cultured Marble, Granite or Onyx)

These are special engineered natural stone or solid surface materials that are molded together with minerals, polymeric materials, and resins to form a solid surface, and are usually finished off with a gel cast finish.

Proper care should be taken while cleaning cast polymer bathtubs as even the slightest scratches can destroy the shine of the bathtub. It is thus highly recommended to avoid using abrasive scrubs and chemicals on it.

Cleaning tips:

It is important to adopt proper steps while cleaning a cast polymer as even the slightest scratches would be easily visible. It is highly recommended to avoid using abrasive cleaners and scratchy sponges. Follow the following steps to stay safe:

Use a mild detergent or a mild soap for cleaning.
In order to remove soap scrums, mix vinegar and water in equal amounts and spray on the affected area.
Wipe the area with a soft cloth.

Things To Avoid When Cleaning Your Bathtub

By avoiding some of these common and silly mistake and errors that people often do, you can make sure that your bathtub shines and keeps shining for a longer duration.

Don’t leave your soap or shampoo bottles on the bathroom or bathtub floor as this can cause more stains and marks to emerge. The acids in these products make the bathtub easier to crack and for the bacteria to grow.
Never use any abrasive scrub pads, hard tools, or steel wool to rub or scrub the surface of the bathtub. This can cause the bathtub to crack and start showing marks and scratches.

Stay away from products that are too hard for the bathtub. Stay away from paint thinners as they have the same effect of an abrasive scrub pad or steel wool on the bathtub.
Don’t work with chemicals without any form of ventilation. The ventilation can be in the form of a window or an exhaust fan. Working in enclosed situations with these chemicals can cause fumes that can be harmful to the lungs and the skin of the user.
Don’t have all your hopes on one product. Use the products that are most suited for the area and the work.
It is important to let the disinfectant sit on the surface of the bathtub for at least 5 minutes.
Don’t just clean the dirty area. Many of us think that it is enough to clean the dirt and stain from the visible area or in the areas that have the stain. Nothing could be further from the truth. Clean the whole bathtub and bathroom for a clean and germ-free environment. Clean the sides, hidden areas, inside the structure and all around to make sure that your bathtub is free of any stains and bacteria.
Trim your shower curtain to match your bathtub. When the shower liner hits the bathtub, the area is too wide and can act as an easy breeding ground for mold and mildew.

View the full bathtub cleaning guide at TheHandyNest.com.

from
http://feedproxy.google.com/~r/StyledStagedSold/~3/qoOAThx-cZU/

City pores over more designs for mammoth Bottleworks project on Mass Ave

Number of Homes for Sale Drop at Fastest Pace in Four Years

Housing Remains a Bright Spot for Economy

Sellers' Market Could Help Inventory; Freddie Outlook Brightens; Falling Demand Helping Guidelines

The Ultimate Guide to Cleaning a Bathtub (Based on the Type of Tub)

Contributed by TheHandyNest.com

Materials Used To Create A Bathtub

Porcelain Enameled Steel Bathtub

Some of the disadvantages of using a porcelain enameled steel bathtub are that they tend to get chipped easily and these chipped areas can quickly begin to rust.

Cleaning tips:

You can even make your own porcelain bathtub cleaner at your home by following the below steps:

Add a couple tablespoons of your dish washing soap to a gallon of hot water and apply on the surface of the bathtub using a sponge or a rag.
Scrub the porcelain and rinse well with water.

Acrylic Bathtub

But care should be taken while cleaning such bathtubs as they easily tend to get scratched when cleaned with an abrasive cleaner.

Cleaning tips:

Use warm water and wet the bathtub before you begin the cleaning process.
Pour a small amount of baby shampoo on a damp rag or a piece of cloth and rub the surface of the bathtub in circles.
Rinse the rag often as the rag can begin to accumulate soap on it. Rinse the surface of the bathtub and repeat the process until you think that the bathtub is clean and spot free.

After the surface has dried and is cleaned, use a can of car wax and a rag to apply the wax on the surface of the bathtub.
Apply the wax on the surface of the bathtub in circles, like how you would generally apply car wax on your car.
Allow the surface to dry out for a few minutes and buff the surface of the bathtub with the help of a dry cotton ball.

The car wax applied on the bathtub makes the soap, water, and shampoo do not stick to the surface. Repeat the process if necessary.

Fiberglass Bathtub

Cleaning tips:

You can clean your fiberglass bathtub with the help of a shower or cleaner mixture as explained in the steps below:

In a part of hot water, mix a healthy amount of baking soda and half a cup of your dish soap.
When the components are mixed, it will begin to form a paste.
Keep adding baking soda to the mixture till it is able to stick on the wall of the bathtub.
Use a sponge and apply the mixture on the bathtub and allow it to stand for 30 minutes or more.
After half an hour, wait and scrub the bathtub vigorously.
Rinse the fiberglass bathtub with the help of cold water and wipe away the excess water with the help of a paper towel.
Now you can use a magic eraser to wipe away all the stains and dirt once again.

To give your fiberglass bathtub the shine and appearance of a new bathtub, use a good grade rubbing wax that is made especially for fiberglass. Here is what you need to do:

Take a good grade auto wax and an orbital buffer.
Apply the rubbing wax and work your magic in small sections.
Don’t apply the mixture for long on one area as it can burn the fiberglass.
Buff the rubbing wax with the help of a terry cloth and complete the process with the help of auto wax.
Rinse with cold water to harden and allow the shine to stay for longer.

Enameled Cast Iron Bathtub

Cleaning tips:

Make a paste out of baking soda and warm water and apply it on the stains
Let the paste sit there for around 30 minutes
Use a cleaning towel to scrub the scrum and filth
Rinse with warm water.

However, if your bathtub has some tough stains, follow the following steps:

Mix a teaspoon of trisodium phosphate cleaner (TSP) with hot water.
Apply the solution on the stain with gentle rubbing using a sponge and rinse well.

Bathtubs Made of Cast Polymers (Like Cultured Marble, Granite or Onyx)

Cleaning tips:

Use a mild detergent or a mild soap for cleaning.
In order to remove soap scrums, mix vinegar and water in equal amounts and spray on the affected area.
Wipe the area with a soft cloth.

Things To Avoid When Cleaning Your Bathtub

By avoiding some of these common and silly mistake and errors that people often do, you can make sure that your bathtub shines and keeps shining for a longer duration.

Don’t leave your soap or shampoo bottles on the bathroom or bathtub floor as this can cause more stains and marks to emerge. The acids in these products make the bathtub easier to crack and for the bacteria to grow.
Never use any abrasive scrub pads, hard tools, or steel wool to rub or scrub the surface of the bathtub. This can cause the bathtub to crack and start showing marks and scratches.

Stay away from products that are too hard for the bathtub. Stay away from paint thinners as they have the same effect of an abrasive scrub pad or steel wool on the bathtub.
Don’t work with chemicals without any form of ventilation. The ventilation can be in the form of a window or an exhaust fan. Working in enclosed situations with these chemicals can cause fumes that can be harmful to the lungs and the skin of the user.
Don’t have all your hopes on one product. Use the products that are most suited for the area and the work.
It is important to let the disinfectant sit on the surface of the bathtub for at least 5 minutes.
Don’t just clean the dirty area. Many of us think that it is enough to clean the dirt and stain from the visible area or in the areas that have the stain. Nothing could be further from the truth. Clean the whole bathtub and bathroom for a clean and germ-free environment. Clean the sides, hidden areas, inside the structure and all around to make sure that your bathtub is free of any stains and bacteria.
Trim your shower curtain to match your bathtub. When the shower liner hits the bathtub, the area is too wide and can act as an easy breeding ground for mold and mildew.

View the full bathtub cleaning guide at TheHandyNest.com.

from
http://styledstagedsold.blogs.realtor.org/2017/06/26/the-different-types-of-bathtubs-and-how-to-correctly-clean-them/

Friday, June 23, 2017

New Home Sales Rebound; Prices Crush Previous Record; Diversity's Homeownership Impact

Housing Remains a Bright Spot for Economy

Speed Real Estate - Show 437

Real Estate Today Radio - SHOW 437

On this week's Real Estate Today, it's our special show "Speed Real Estate."

This Week's Show Includes:
- Top News Of The Week
- The Ultimate Speed Technique for Buyers
- The Ultimate Speed Technique for Sellers
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

from
http://retradio.com

Thursday, June 22, 2017

City pores over more designs for mammoth Bottleworks project on Mass Ave

Historic preservation officials examined plans on Wednesday for an eight-story office building and the pie-shaped face for the project, in preparation of a major meeting in July.

from
https://www.ibj.com/blogs/3-property-lines/post/64321-city-pores-over-more-designs-for-mammoth-bottleworks-project

Number of Homes for Sale Drop at Fastest Pace in Four Years

Home Prices Still Defying Odds; Refinanceable Population Soars

Existing Sales Rise, Prices Peak, Time-to-Sell at New Low; Refis on The Upswing

Tuesday, June 20, 2017

Rates Remain Near 8-Month Lows; Purchases Boost Credit Risk; MBA Objects to Servicer Proposal

Mortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday. This was neither here nor there for the mortgage world as most lenders didn't adjust rates much higher yesterday (despite bond weakness). Thus, they didn't have much to do today when bonds strengthened. In general "bond market strength" = lower rates and vice versa. There were no significant economic reports or major market-moving headlines today--at least not for rates. Oil prices and political headlines might make the evening news, but neither were directly responsible for the bond market improvement. The absence of change continues to be a good thing given that rates remain very close to their lowest levels in more than 8 months. Only a handful of recent days have

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/20/2852

Monday, June 19, 2017

Rates Fairly Steady to Begin Week; Tear-Downs Accounted For 10% of New Construction in 2016

Mortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher rates). Between MBS (the mortgage-backed-securities that underlie mortgage rate movement) and US Treasuries (the risk-free benchmark for all US debt/bonds), the latter fared worse. In other words, mortgage bonds outperformed Treasuries. That's one of the reasons we didn't see much movement in mortgage rates today. The other reason was as simple as the shape of market movement on Friday. Bonds improved throughout the course of the day but most lenders didn't adjust rate sheets to reflect that improvement. As such, today's weaker bond market levels ended up being fairly close to those that were in effect when lenders last set rates on Friday morning. The absence of change continues

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/19/2850

The 5 Biggest Yard and Patio Staging Mistakes

By Amalie Drury, guest contributor

Photo credit: Crate and Barrel

A great outdoor space is at the top of many home buyers’ checklists. So even if your listing doesn’t include a large lawn or an over-the-top patio, it’s important to show buyers that the home still offers the perks of an indoor-outdoor lifestyle. Be sure to avoid these common outdoor staging mistakes.

1. Overgrown Landscaping

Banish the weeds, and trim the bushes. Nothing makes a house look unloved faster than an overgrown lawn or a patio with dandelions poking through every crack. If the home’s current owners aren’t around to keep the landscaping in check, encourage them to hire a weekly service for the duration of the listing.

2. Lack of Furniture

It’s hard to imagine reading on the porch or serving dinner on the patio when there’s no furniture around. On the other hand, if buyers see a dining table with a festive umbrella or a pair of cushioned lounge chairs with a side table for drinks, they’ll perceive the space as valuable additional square footage where they can unwind with family or entertain.

3. Dust and Dirt

When patios and walkways go unused, they collect a layer of grime that should be removed when staging the home. Consider pressure washing surfaces and pay special attention when sweeping and dusting spots like exterior window ledges, thresholds, and basement stairwells.

4. Clutter

To the buyer’s eye, certain items your sellers are used to seeing in their yard or on their patio can look like unwanted junk. Encourage your sellers to clear the clutter. Plastic storage boxes, toys (except for nice swing sets, which can be appealing in family neighborhoods), tools, faded furniture cushions, dated lawn sculptures, rusty grills … all must go.

5. No Flowers

In the right season, colorful blooms in containers, window boxes, or beds can greatly improve the perception of a home’s exterior and outdoor space. Even in winter, you can fill planters with greenery and berries to welcome potential buyers and make the home appear cozy and well tended.

ABOUT THE AUTHOR: Amalie Drury is an expert on home design and furniture trends, writing on behalf of Crate and Barrel. She has covered related topics as a senior editor for magazine publisher Modern Luxury and as a city editor for women’s lifestyle site PureWow. She has also written for Time Out, the Chicago Tribune, and Sophisticated Living.

from
http://styledstagedsold.blogs.realtor.org/2017/06/19/the-5-biggest-yard-and-patio-staging-mistakes/

Saturday, June 17, 2017

Upper-Middle Class Most Likely to Rely on Family for Childcare

Families are struggling to get ahead as living expenses and commercial childcare costs soar

from
http://zillow.mediaroom.com/2017-06-16-Upper-Middle-Class-Most-Likely-to-Rely-on-Family-for-Childcare

The Summer Market - Show 436

Real Estate Today Radio - SHOW 436

On this week's Real Estate Today, it's our special show "The Summer Market."

This Week's Show Includes:
- Top News Of The Week
- When the Sun Shines
- Fans
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

from
http://retradio.com

Rates Holding Near 2017 Lows; Inventory Issues Could Intensify

Mortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond markets. In general, bonds (which dictate mortgage rates) improve when economic data is weaker. Before this morning's data, rates were at risk of coming out slightly higher compared to yesterday's latest offerings. By holding flat, rates remain very close to the best levels seen in more than 8 months. This also keeps rates in a gentle downtrend over the past 3 months. Risk-tolerant clients are typically best-served by floating their rates while these trends remain intact. If rates break above the trend, it would serve as a cue to lock. Risk-averse clients are more interested in the fact that rates are near those 8-month lows, and should generally be locking. Loan Originator Perspective

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/16/2846

Thursday, June 15, 2017

Rates Bounce; Survey Says Home Sales to Rebound; Builder Confidence Declines; Big Picture Trends

Mortgage rates rose moderately today, as bond markets generally bounced back from the best levels in 8 months yesterday. Despite the bounce, rates are still in line with their best levels of the year. Only a handful of days have been any better and most of them have been in the past 2 weeks. We expected to see more volatility this week , for better or worse, and so far we've seen both. But while day-to-day movement has been bigger, it hasn't been quite big enough for many lenders to change actual "note rate" quotes--just the upfront costs associated with any given rate. In other words, many borrowers are only seeing changes in the form of slightly higher closing costs (which raised the "effective rate") as opposed to the official interest rate tied to the mortgage note. More risk-averse clients

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/15/2844

Roundup: RoomPlace taking massive Levitz space; diner replacing Long Branch

The furniture seller is set to open its mammoth showroom and distribution center later this month, while a new restaurant takes over the home of a short-lived Asian eatery in Fall Creek Place.

from
https://www.ibj.com/blogs/3-property-lines/post/64230-roundup-roomplace-taking-massive-levitz-space-diner-replacing-long-branch

Wednesday, June 14, 2017

Rates Drop to 8-Month Lows; Fed Announcement Changes; Regulatory Reform; Refis Reawaken

Mortgage rates fell convincingly today, though not all lenders adjusted rates sheets in proportion to the gains seen in bond markets (which underlie rate movement). Those gains came early, with this morning's economic data coming in much weaker than expected. Markets were especially sensitive to the Consumer Price Index (an inflation report) which showed core annual inflation at 1.7% versus a median forecast of 1.9%. Core annual inflation under 2.0% is a hot topic --especially today--considering that's one of the Fed's main goals. This afternoon's Fed Announcement did acknowledge the recent drop in inflation, but continued to suggest it was being held down by temporary factors. The Fed also officially unveiled its framework for decreasing the amount of bonds its buying (though it didn't announce

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/14/2842

Tuesday, June 13, 2017

Recent Rate Stability Could Change After Fed Tomorrow; Early-Stage Delinquency Lowest in 17 Years

Mortgage rates moved modestly higher today, for most lenders. This had more to do with yesterday's market movement than today's. Bond markets were weakening yesterday afternoon (which typically results in rates moving higher). But the weakness came too late in the day for most lenders to bother with reissuing rate sheets. Instead, they waited for this morning. With a bit of weakness remaining intact, it was an easy call to raise loan costs. Even so, the day to day movement in rate quotes continues to be quite small . The average scenario won't be detectably different if quoted today vs yesterday. Interest rates themselves will certainly be unchanged. It's only via modest changes in upfront closing costs that lenders can modulate "loan costs" (or the "effective rate") in these situations. What

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/13/2840

Monday, June 12, 2017

Rates Steady-to-Higher; Appraisal Process a Disadvantage to Mortgage Borrowers; Ellie Mae's HMDA Readiness

Mortgage rates were either flat or slightly higher , depending on the lender today. Movement in underlying bond markets suggested a modest increase in rates, but it came too late in the day for most lenders to respond with a mid-day rate change. As such, rates SHOULD be slightly higher, all other things being equal. If bond markets don't change much between now and tomorrow morning, most lenders will be in slightly worse shape. Keep in mind that we're talking about extraordinarily small variations in loan pricing. Few, if any borrowers would see a change in the actual interest rate quote applied to their prospective loan balance. Rather, the weakness would only be seen in the form of slightly higher upfront costs for the same rates quoted today and late last week (which are still among the

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/12/2838

Insider Tips on Staging a Living Room

By Julea Joseph, guest contributor

Make sure you show off the living room in your listings. Here are some simple lessons in staging your living room to give a great impression.

Choose an on trend color palette that will appeal to buyers and showcase your home’s amenities. Tone on tone creates flow and space.

A simple, opened room arrangement explains the room’s purpose, and also sells square footage.

Add lifestyle defining accessories to create a story of how one could use the room. Create layers to give the space warmth and character.

Make sure to update, uncomplicate and unify interior decorating selections, such as window treatments and hardware.

Abbreviated doesn’t have to be boring.

These simple lessons in home staging should inspire a vision of the art of home staging. There is always the smart choice of hiring a home staging professional who can provide you with expert vision, those desired on trend ideas, and proper packaging of a home.

ABOUT THE AUTHOR: Julea Joseph is the owner and lead designer at Reinventing Space in Chicago. Visit her website and blog at Julea.com.

from
http://styledstagedsold.blogs.realtor.org/2017/06/12/insider-tips-on-staging-a-living-room/

Sunday, June 11, 2017

Dodd-Frank Overhaul Passes House; Rates Continue Higher; Homeownership Hurdles; Equity Gains

While the attention of much of the country was focused elsewhere on Thursday, the House of Representatives passed the H.R. 10, the Financial Choice Act, along straight party lines. The Act, sponsored by Financial Services Committee Chair Jeb Hensarling (R-TX) is a sweeping overhaul of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in the wake of the 2008 financial and housing meltdown. The vote on the bill was 233-186. It now heads to the Senate where Republicans have a much narrower majority than in the House and it is given little chance to pass in its present form. In an interview following the vote, Hensarling told reporters, "Hopefully, the nightmare of Dodd-Frank will be gone soon. Of all the regulations that were imposed on our economy in the Obama era, Dodd-Frank

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/9/2834

Introducing the Freddie Mac Multifamily Podcast Series

Welcome to the Freddie Mac Multifamily Podcast series featuring Steve Guggenmos, vice president of Research and Modeling, and Aaron Dunn, head of Multifamily... More

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http://www.freddiemac.com/research/insight/20170609_multifamily_podcast.html?attr=rssCB

Mortgage Payments are Unaffordable in Half of America's Largest Markets

Homes for sale in the six largest California metros have unaffordable mortgage payments

from
http://zillow.mediaroom.com/2017-06-09-Mortgage-Payments-are-Unaffordable-in-Half-of-Americas-Largest-Markets

Second Homes - Show 435

Real Estate Today Radio - SHOW 435

On this week's Real Estate Today, it's our special show "Second Homes."

This Week's Show Includes:
- Top News Of The Week
- Keep it or Rent it?
- The RSPS Designation
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Vacant Butler-Tarkington firehouse poised for reuse as restaurant, bar

A review committee has recommended the plan to city officials over a proposal submitted by the owner of the liquor store next door.

from
https://www.ibj.com/blogs/3-property-lines/post/64135-vacant-butler-tarkington-firehouse-poised-for-reuse-as-restaurant-bar

Friday, June 9, 2017

Fannie Mae Declares it a Sellers' Market; Flipping Decreases; Rates Rise From 2017 Lows

The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased fractionally in May, however the change in each of its internal components was decidedly more pronounced. The HPSI, based on six of the questions from Fannie Mae's monthly National Housing Survey (NHS), was 86.2, down 0.5 percent compared to April. Three of its components moved higher and three lost ground. The index is 0.9 percent higher than its May 2016 version. The most striking changes come from answers to the questions regarding whether respondents thought it was a good time to buy and/or a good time to sell. The net share of Americans who said that now is a good time to buy a home reached a record low (27 percent) after falling 8 percentage points, while the net share who stated that it is a good time to sell a home reached

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/8/2832

Volume Drives Down Lender Profits; Short Week Mutes Mortgage Apps; Rates Hold 2017 Lows

Mortgage rates managed to hold in line with 2017's lowest levels for a 2nd day, even though underlying bond markets suggested a move higher . That means the prices of mortgage-backed-securities (MBS--the bonds that dictate mortgage rates) were lower. When MBS prices are lower, it means investors are paying lenders less to buy mortgages. Lenders then raise rates to entice investor demand. If the nuts and bolts underlying the mortgage rate market suggested a move higher, why were rates able to hold their ground? The first part of this answer is that we're not talking about huge amounts of movement in bond markets. US Treasuries did experience a fair amount of weakness, but MBS held their ground better by comparison. Beyond that, lenders were holding something back yesterday, which is entirely

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/7/2830

Roundup: Le Crueset commits to Rivers Edge store; Diamonds Direct officially arrives

The French manufacturer of premium cookware has agreed to take 1,600 square feet of space at the north-side shopping center, marking its entry into the Indianapolis market.

from
https://www.ibj.com/blogs/3-property-lines/post/64110-roundup-le-crueset-commits-to-rivers-edge-diamonds-direct-officially-arrives

Wednesday, June 7, 2017

Rates Hit 2017 Lows (Again); Bidding Frenzy Driving Prices; Builders on Mortgage Interest Deduction

Mortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours (Asian and European trading sessions). Interest rates are driven by bond markets. The latter is part of an ecosystem of "risk" associated with the entire financial market. At times, most of that broader market will collectively move toward or away from risk. When investors are shedding risk, bonds (and thus, mortgage rates) tend to benefit. Adding to the bigger-picture move was a headline regarding China's intention to buy more US bonds. Higher demand for bonds results in higher prices (which move inversely from rates). The average lender is now quoting conventional 30yr fixed rates in the high 3% range on top tier scenarios. The range is fairly wide between lenders as some were better

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/6/2828

It's (Almost) All About Rates; Mortgages Still Near 7-Month Lows

Mortgage rates were modestly higher today after hitting the lowest levels since early November at the end of last week. Along with mid-April, this is the second time rates have been in this territory in more than 7 months. Most prospective borrowers will see very little--if any difference between Friday's rate quotes and today's. Certainly, the NOTE rate itself will be unchanged, with any deterioration limited to the upfront costs that impact the EFFECTIVE rate (similar to APR). With rates being driven by financial markets and with investors generally on edge ahead of Thursday's congressional testimony from former FBI Director Comey, it makes sense to Friday's momentum to ebb to some extent. Thursday should remain a focal point for volatility this week. Remember, volatility (and thus, the risk

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/5/2826

Educate Sellers How Home Staging Pays Off

By Patti Stern, PJ & Company Staging and Interior Decorating

This spring has been one of our busiest home staging seasons with many sellers enjoying the benefits of preparing their homes early and marketing to targeted buyers – boosting the value of their property and selling quickly. However, there are sellers who are hesitant and still need convincing that home staging – whether occupied or vacant – is a worthwhile investment, even in a hot market. Several key points can help overcome sellers’ uncertainty and assure them that staging before listing is a win-win decision.

1. Basic updates boost perceived value

Today’s buyers are looking for an updated home in move-in ready condition and will usually pay more if they feel good about it. Simple updates such as freshly painted walls in universally appealing neutral colors, modern lighting, and polished hardwood floors make an immediate statement online and in person and will ultimately yield a quicker sale for top dollar.

2. Helps buyers connect

Some buyers can be turned off by the cold feeling of an empty room or distracted by dated furnishings that suggest the home is old and neglected. According to the Real Estate Staging Association, a vacant property can take up to 78 percent more time to sell than comparable furnished homes. And with 95 percent of vacant or occupied staged homes selling in 11 days or less, there is no question that adding inviting style with modern furnishings helps buyers envision living in a space and get a better idea how a room can be used to fit their lifestyle.

3. Enhances key features

Buyers who can’t look passed dated carpeting or clutter that hides key features will most likely walk away immediately. Choosing a neutral palette with the right furniture arrangement and simple, elegant accents will allow architectural features to become a focal point, increase the perceived size of rooms and improve overall flow and ultimately make the property more memorable.

4. Bedrooms are valuable real estate

Every decision that is made when marketing a home to sell should focus on the targeted buyer’s lifestyle and needs. An experienced stager will provide recommendations for what style furnishings and décor will be appropriate based on the demographics you want to attract to the property. For example, an extra bedroom that is now serving as an office, hobby room, or gym should be converted back into a bedroom to appeal to millennials with young kids (see photo above).

5. Less stress

A professional stager will eliminate stress by making the home selling process turnkey for clients. They will manage the entire process to make a property market-ready — from paint color selection, lighting updates, window treatments, floor refinishing, furniture rentals to packing and organizing services. They will do whatever it takes to appeal to as many buyers as possible and get the property sold quickly and for top dollar.

For more examples of interior decorating and home staging, visit www.pjstagingdecorating.com.
ABOUT THE AUTHOR: Patti Stern, principal, interior decorator and professional stager of PJ & Company Staging and Interior Decorating, has been decorating and staging homes since 2005. She and her team provide turnkey, full service home staging and interior decorating to clients across Connecticut, New York and Massachusetts. She also developed an award winning staging program for luxury homebuilder, Toll Brothers. Her company has received Houzz 2015 and 2016 Awards for Customer Service. Stern has been featured in Connecticut Magazine, the Hartford Courant, Danbury News-Times and on NBC Connecticut and FOX TV. She is a regular contributor to REALTOR® Magazine’s Styled, Staged and Sold. For more information, contact Patti Stern at 203-640-3762 or patti@pjstagingdecorating.com

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http://feedproxy.google.com/~r/StyledStagedSold/~3/XGhcCg3-k44/

Friday, June 2, 2017

Rates Fall to 2017 Lows After Jobs Report; Dodd-Frank Provisions on Chopping Block

Mortgage rates moved convincingly lower today following weaker-than-expected employment data from the Labor Department. The big "jobs report" showed only 138k new nonfarm payrolls (the report's headline job creation metric) in May, and a negatively revised 174k in April (down from 211k). March was revised lower as well, painting a suddenly gloomier picture relative to the strong, stable job growth reported since roughly 2011. It's not that the current numbers are worse than they were during some of the rough patches over the last 6 years, just that we're not seeing as much resilience. Payroll growth has now come in under 250k for 10 straight months--something that hasn't happened since 2012 (but at least in 2012, the broader trend was positive as opposed to potentially reversing). When job

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/2/2822

Rates Edge Higher Ahead of Jobs Data; Fannie's Portfolio Increases; Rare Win For Single-Fam Construction

Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP. While this is not the week's biggest jobs report, investors view it as one of several early indicators of the official Employment Situation (the big jobs report that comes out tomorrow morning). In general, stronger economic data (i.e. more job growth) tends to push rates higher and vice versa. In the bigger picture, today's move higher in rates will scarcely be detectable for most borrowers. In nearly every case , today's rate quote would be the same as yesterday's with the possible exception of slightly higher upfront costs today. When it comes to "note rates" (the actual interest rate applied to your mortgage balance, without regard for the upfront costs), we're still sideways

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/6/1/2820

Fannie's Eases Debt-to-Income Requirements; Pending Sales Fall; Selling is Costly; Rates Near 2-Week Lows

Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1. The new DU version will be implemented on or after the weekend of July 29 . The changes are outlined in release notes issued on Tuesday and will apply to new loan casefiles submitted to DU on or after the weekend of July 29, 2017. Loan casefiles created in DU Version 10.0 and resubmitted after the weekend of July 29 will continue to be underwritten through DU Version 10.0. Among the more significant changes accompanying the new version are the following. The maximum allowable debt-to-income (DTI) ratio that can be submitted in DU will be 50% . For DTIs between 45 and 50 percent, certain additional compensating factors will no longer be required. Cases exceeding a 50 percent DTI

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/5/31/2818

Rates Near Long-Term Lows; Prices Continues Rising; Comp Adjustments' Distorting Value?

Mortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial Day weekend. As the current week progresses, we can expect to see volatility increase thanks to the presence of more significant economic data. In general, bond markets (which underlie mortgage and other rates) react to strength or weakness in economic data. The more important the report and the bigger the margin by which it misses or exceeds expectations, the more movement is implied in bond markets (and thus "rates"). Friday brings the most important economic report of the month: the Employment Situation. This is the big "jobs report" that includes nonfarm payrolls (a measurement of how many jobs the economy is adding or losing) as well as the unemployment rate. In modern economic

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/5/30/2816

Rates Fall to 2017 Lows After Jobs Report; Dodd-Frank Provisions on Chopping Block

Where We Stand - Show 434

Real Estate Today Radio - SHOW 434

On this week's Real Estate Today, it's our special show "Where We Stand."

This Week's Show Includes:
- Top News Of The Week
- What The Market Means To You
- Buy First? Sell First?
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

from
http://retradio.com

Thursday, June 1, 2017

Rates Edge Higher Ahead of Jobs Data; Fannie's Portfolio Increases; Rare Win For Single-Fam Construction

Milktooth chef Brooks planning second local restaurant near downtown

Flush with national accolades, Jonathan Brooks hopes to open Beholder this fall with a strong emphasis on wine. Also in Property Lines: BurgerFuel opens its first U.S. location in Broad Ripple.

from
https://www.ibj.com/blogs/3-property-lines/post/64031-milktooth-chef-brooks-planning-second-local-restaurant-near-downtown

Homes with Blue Bathrooms Sell for $5,400 More than Expected

For-sale listings with cool, neutral wall colors sell for more money, according to Zillow analysis; homes with white, yellow or red wall colors can sell for less than expected

from
http://zillow.mediaroom.com/2017-06-01-Homes-with-Blue-Bathrooms-Sell-for-5-400-More-than-Expected