Wednesday, February 28, 2018

Chosen buyer for IPS property plans 268-apartment mixed-use project

TWG Development LLC has beaten out four other bidders to buy and redevelop the site on East 16th Street, which is in the midst of a residential and commercial renaissance.

from
https://www.ibj.com/blogs/3-property-lines/post/67690-chosen-buyer-for-ips-property-plans-268-apartment-mixed-use-project

Pending Home Sales Plunge to Three-Year Lows; Rates Avoid Setting Another High; Homeownership Trade-Off Getting Expensive

Pending home sales took a deep dive in January, falling to their lowest level in over three years . The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator of existing home sales, fell 4.7 percent to 104.6. The December index, which had represented an 0.5 percent increase from November, was revised down from 110.1 to 109.8. The January loss put pending sales 3.8 percent behind the pace in January 2017 and at its lowest level since October 2014. Analysts had expected the index, which is based on contracts to purchase an existing home, to increase slightly from the previous month. The range of estimates from those polled by Econoday ranged from -0.2 percent to 0.8 percent. The consensus was 0.3 percent. Lawrence Yun, NAR chief economist

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/28/3247

Snowbirds - Show 472

Real Estate Today Radio - SHOW 472

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

This Week's Show Includes:
- Top News Of The Week
- Where to Go
- A Revenue Stream up North
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Chosen buyer for IPS property plans 268-apartment mixed-use project

TWG Development LLC has beaten out four other bidders to buy and redevelop the site on East 16th Street, which is in the midst of a residential and commercial renaissance.

from
https://www.ibj.com/blogs/3-property-lines/post/67690-chosen-buyer-for-ips-property-plans-268-apartment-mixed-use-project

Tuesday, February 27, 2018

Home Value Growth Slowing Going into Home Shopping Season

Over the past year, U.S. home values rose 6.7 percent, the slowest rate of appreciation since November 2016

from
http://zillow.mediaroom.com/2018-02-22-Home-Value-Growth-Slowing-Going-into-Home-Shopping-Season

Home Prices Still Gaining, But Slowing Slightly; Mortgage Rates Snap Right Back to 4-Year Highs

It was a good run for mortgage rates , relative to the rest of 2018, but after spending 3 days in a row with mild-to-moderate improvements, rates quickly snapped back to multi-year highs today. The general trend in 2018 as well as the general level of volatility deserve some of the credit. The bonds that underlie mortgage rate pricing actually aren't quite back to last week's levels. Lenders are simply quicker to adjust things for the worse when the trend has been unfriendly and when the prices of those underlying bonds have been jumping around as much as they have. The other part of the credit goes to the market's interpretation of comments made by new Federal Reserve Chair Jerome Powell, who gave his first semi-annual congressional testimony today. Powell didn't do or say anything wrong.

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/27/3245

Home Value Growth Slowing Going into Home Shopping Season

Over the past year, U.S. home values rose 6.7 percent, the slowest rate of appreciation since November 2016

from
http://zillow.mediaroom.com/2018-02-22-Home-Value-Growth-Slowing-Going-into-Home-Shopping-Season

Will the New Tax Bill Dampen the Industry?

Mortgage rates entered 2018 below four percent for the 30-year fixed rate mortgage, but have been surging through the first two months of this year, following... Will the New Tax Bill Dampen the Industry? More

from
http://www.freddiemac.com/research/outlook/20180227_new_tax_bill.html?attr=rssEHR

Monday, February 26, 2018

New Home Sales Down 7.8%, But Location Matters; Rising Rates: Who Will Be Hit and How Hard?

It was nice while it lasted, but the long run of historically low mortgage rates is clearly coming to an end. This month Freddie Mac's Outlook looks back at where rates have been, where they are going, and what the effect might be on home buyers, homeowners, lenders, builders, and real estate agents. The authors, Doug McManus, Freddie Mac Quantitative Analytics Director and Elias Yannopoulos, Quantitative Analytics Senior, also look at what may drive rates going forward and present some scenarios for the future. Rock bottom interest rates weren't always the norm. Older Baby Boomers were buying their first homes in a very different environment. In 1981 rates topped 18 percent , having soared there from 8 percent over a four-year period. Freddie Mac says that was the most dramatic increase in

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/26/3243

Snowbirds - Show 472

Real Estate Today Radio - SHOW 472

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

This Week's Show Includes:
- Top News Of The Week
- Where to Go
- A Revenue Stream up North
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Hot Home Trend: Go Big With Your Tile

By Melissa Dittmann Tracey, REALTOR® Magazine

Supersized tiles are making over more floors, and this may be welcome news to many homeowners. Large format tiles means less grout to clean. The large tile trend may be partially motivated out of function, not just aesthetics.

More homeowners are experimenting with larger tile sizes, whether with porcelain, ceramic, or vinyl flooring.

Tile squares may be about 12 inches or so in most standard kitchen floors. But now sizes up to 24 inches or more are catching on.

Besides the easier-to-clean aspects of this, the larger tile squares often can make a space look bigger. That’s because there are less grout lines breaking up a floor into boxy squares, which leads to the perceptions of elongated spaces. (Another tip from designers in elongating a space with your tile: Be sure to select a grout color that most closely matches the color of your tile. That will also help make your floors look more expansive.)

The larger tile formats are popping up in kitchen flooring and as in bathrooms surrounding the tub or shower. Designers say the larger formats offer a more modern, “clean lines” vibe to a room’s flooring.



from
http://styledstagedsold.blogs.realtor.org/2018/02/26/hot-home-trend-go-big-with-your-tile/

Saturday, February 24, 2018

Snowbirds - Show 472

Real Estate Today Radio - SHOW 472

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

This Week's Show Includes:
- Top News Of The Week
- Where to Go
- A Revenue Stream up North
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Chosen buyer for IPS property plans 268-apartment mixed-use project

TWG Development LLC has beaten out four other bidders to buy and redevelop the site on East 16th Street, which is in the midst of a residential and commercial renaissance.

from
https://www.ibj.com/blogs/3-property-lines-scott-olson/post/67690-chosen-buyer-for-ips-property-plans-268-apartment-mixed-use-project

Home Value Growth Slowing Going into Home Shopping Season

Over the past year, U.S. home values rose 6.7 percent, the slowest rate of appreciation since November 2016

from
http://zillow.mediaroom.com/2018-02-22-Home-Value-Growth-Slowing-Going-into-Home-Shopping-Season

Experts More Pessimistic about U.S. Housing Market Following New Tax Laws

Despite fast-rising home values now, housing experts say they expect appreciation to slow to below 3 percent by 2021

from
http://zillow.mediaroom.com/2018-02-20-Experts-More-Pessimistic-about-U-S-Housing-Market-Following-New-Tax-Laws

Styling Tips to ‘Wow’ Spring-Time Home Buyers

By Patti Stern, PJ & Co. Staging and Interior Decorating

The new year and the upcoming spring season brings with it a fresh outlook and new beginnings. What will prospective home buyers be thinking about while searching for their new “happy place”? For sellers preparing their homes to sell this spring, that means engaging buyers by showcasing a warm, welcoming and cheerful property that others can easily envision living in. The following are our spring décor styling tips to help sellers prepare their property to stand out among the sea of new listings.

P_1 picture

Natural Elements Paired with Metallics

One of our favorite trends is plants of all shapes and sizes–succulents, trees or plants in baskets and colorful planters, and fresh or synthetic garden flowers in vases and wreaths. Since metallic accents continue to be on-trend, we love pairing the two together for an elegant touch to appeal to today’s buyers who like to feel close to nature.

Patti_2

Pops of Bright Accents

Pair bold pops of colorful accessories such as accent pillows, throws, artwork, glass bowls filled with fruit, and fluffy bathroom towels against a neutral backdrop to give any room a boost of energy and warmth. Mix and match different textures and patterns for added depth and a modern style.

patti_3

Update Paint Colors

Whether you repaint an entire room or an accent wall, a fresh coat of paint works wonders to instantly brighten and open a space to make it appear larger. To spruce up your curb appeal, try a fresh coat of a trending spring color such as Benjamin Moore’s Caliente for your front door to create a welcoming first impression.

Patti_4

Fresh Bedding

To create a spring-like oasis in the bedroom, switch out winter bedding and replace it with fluffy duvets in white, or on-trend floral patterns paired with a soft, cozy throw and accent pillows in different sizes, colors, and textures.  To complete the look, add soothing nature-inspired wall art in complementary colors.

For more examples of interior decorating and home staging, visit www.pjstagingdecorating.com.

PattiABOUT THE AUTHOR: Patti Stern is principal, interior decorator, and professional stager of PJ & Company Staging and Interior Decorating. She 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 the luxury homebuilder, Toll Brothers. Her company received the Houzz 2015, 2016, 2017 and 2018 Awards for Customer Service.



from
http://feedproxy.google.com/~r/StyledStagedSold/~3/aGgeff9Qz58/

Home Value Growth Slowing Going into Home Shopping Season

Over the past year, U.S. home values rose 6.7 percent, the slowest rate of appreciation since November 2016

from
http://zillow.mediaroom.com/2018-02-22-Home-Value-Growth-Slowing-Going-into-Home-Shopping-Season

Experts More Pessimistic about U.S. Housing Market Following New Tax Laws

Despite fast-rising home values now, housing experts say they expect appreciation to slow to below 3 percent by 2021

from
http://zillow.mediaroom.com/2018-02-20-Experts-More-Pessimistic-about-U-S-Housing-Market-Following-New-Tax-Laws

Nowhere to go but up? How increasing mortgage rates could affect housing

We're in an era of historically low mortgage interest rates and the expectation is that interest rates have nowhere to go but up. But how quickly will rates increase and... Nowhere to go but up? How increasing mortgage rates could affect housing More

from
http://www.freddiemac.com/research/insight/20180223_increasing_mortgage_rates.html?attr=rssEHR

Friday, February 23, 2018

Best Week of 2018 For Rates; Foreclosures Tick Up; Seasonal Refi Pattern or Last Chance Surge?

Mortgage rates fell again for the second straight day--something that has only happened a few other times so far this year. On an even brighter note, this was the first week of 2018 where the average lender ended the week offering rates that were at least as good as those seen at the end of the previous week. In most cases, today's rates are right in line with those seen last Friday. For the average lender, that means conventional 30yr fixed rates of 4.5 to 4.625% on top tier scenarios. The same scenarios were seeing quotes of 3.875-4.0% at the beginning of the year. As we discussed yesterday, "good days" for mortgage rates need some context at the moment. Yesterday was a good day too, but it happened to follow the worst day in more than 4 years (in terms of outright levels). In general, as

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/23/3241

Snowbirds - Show 472

Real Estate Today Radio - SHOW 472

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

This Week's Show Includes:
- Top News Of The Week
- Where to Go
- A Revenue Stream up North
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Nowhere to go but up? How increasing mortgage rates could affect housing

We're in an era of historically low mortgage interest rates and the expectation is that interest rates have nowhere to go but up. But how quickly will rates increase and... Nowhere to go but up? How increasing mortgage rates could affect housing More

from
http://www.freddiemac.com/research/insight/20180223_increasing_mortgage_rates.html?attr=rssEHR

Thursday, February 22, 2018

Mortgage Rates Just Slightly Lower; 2 Charts That Explain Bigger Picture; Training and Resources

Mortgage rates fell modestly today as underlying bond markets experienced a rare absence of volatility. Rather than view this as some sort of turning point for what has been a fairly relentless march to higher ground, these days are best seen as periodic corrections/consolidations to the prevailing trend. They are normal features of such trends and they've all been "false positives" so far in 2018 when it comes to identifying an opportunity to get more optimistic about rates moving lower. Bottom line: today is merely the day after hitting the highest rates in more than 4 years. We'd need to see a whole lot more than one day of modest gains before anything other than a defensive, lock-biased stance makes sense for prospective mortgage borrowers. Loan Originator Perspective Rates improved slightly

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/22/3239

Chosen buyer for IPS property plans 268-apartment mixed-use project

TWG Development LLC has beaten out four other bidders to buy and redevelop the site on East 16th Street, which is in the midst of a residential and commercial renaissance.

from
https://www.ibj.com/blogs/3-property-lines/post/67690-chosen-buyer-for-ips-property-plans-268-apartment-mixed-use-project

Home Value Growth Slowing Going into Home Shopping Season

Over the past year, U.S. home values rose 6.7 percent, the slowest rate of appreciation since November 2016

from
http://zillow.mediaroom.com/2018-02-22-Home-Value-Growth-Slowing-Going-into-Home-Shopping-Season

Wednesday, February 21, 2018

Existing Home Sales Decline, Inventory Still a Big Issue; Rates Hit Fresh 4-Year highs; Mortgage Apps Finally Feeling It

Sales of existing homes fell again in January, the second consecutive month-over-month decline. Sales of pre-owned single-family homes, townhomes, condos, and cooperative apartments were down 3.2 percent compared to December, and the seasonally adjusted annual sales in December, already estimated at a 3.6 percent decline, were revised down even further. The National Association of Realtors® (NAR) said existing homes sold during the month at a seasonally adjusted rate of 5.38 million, representing a year-over-year decline of 4.8 percent. It was the slowest sales pace since last September and the largest annual loss since a 5.5 percent decline in August 2014. December sales were revised down from 5.570 million to 5.56 million. The months sales results were broad-based. All four U.S. regions

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/21/3237

Styling Tips to ‘Wow’ Spring-Time Home Buyers

By Patti Stern, PJ & Co. Staging and Interior Decorating

The new year and the upcoming spring season brings with it a fresh outlook and new beginnings. What will prospective home buyers be thinking about while searching for their new “happy place”? For sellers preparing their homes to sell this spring, that means engaging buyers by showcasing a warm, welcoming and cheerful property that others can easily envision living in. The following are our spring décor styling tips to help sellers prepare their property to stand out among the sea of new listings.

P_1 picture

Natural Elements Paired with Metallics

One of our favorite trends is plants of all shapes and sizes–succulents, trees or plants in baskets and colorful planters, and fresh or synthetic garden flowers in vases and wreaths. Since metallic accents continue to be on-trend, we love pairing the two together for an elegant touch to appeal to today’s buyers who like to feel close to nature.

Patti_2

Pops of Bright Accents

Pair bold pops of colorful accessories such as accent pillows, throws, artwork, glass bowls filled with fruit, and fluffy bathroom towels against a neutral backdrop to give any room a boost of energy and warmth. Mix and match different textures and patterns for added depth and a modern style.

patti_3

Update Paint Colors

Whether you repaint an entire room or an accent wall, a fresh coat of paint works wonders to instantly brighten and open a space to make it appear larger. To spruce up your curb appeal, try a fresh coat of a trending spring color such as Benjamin Moore’s Caliente for your front door to create a welcoming first impression.

Patti_4

Fresh Bedding

To create a spring-like oasis in the bedroom, switch out winter bedding and replace it with fluffy duvets in white, or on-trend floral patterns paired with a soft, cozy throw and accent pillows in different sizes, colors, and textures.  To complete the look, add soothing nature-inspired wall art in complementary colors.

For more examples of interior decorating and home staging, visit www.pjstagingdecorating.com.

PattiABOUT THE AUTHOR: Patti Stern is principal, interior decorator, and professional stager of PJ & Company Staging and Interior Decorating. She 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 the luxury homebuilder, Toll Brothers. Her company received the Houzz 2015, 2016, 2017 and 2018 Awards for Customer Service.



from
http://feedproxy.google.com/~r/StyledStagedSold/~3/aGgeff9Qz58/

Tuesday, February 20, 2018

Experts More Pessimistic about U.S. Housing Market Following New Tax Laws

Despite fast-rising home values now, housing experts say they expect appreciation to slow to below 3 percent by 2021

from
http://zillow.mediaroom.com/2018-02-20-Experts-More-Pessimistic-about-U-S-Housing-Market-Following-New-Tax-Laws

Owners of the Least Expensive Homes Gaining Wealth Faster Than Any Other Homeowner

But tight inventory and strong demand for these homes make it difficult for buyers to enter the market

from
http://zillow.mediaroom.com/2018-02-16-Owners-of-the-Least-Expensive-Homes-Gaining-Wealth-Faster-Than-Any-Other-Homeowner

Rates Unable to Build on Last Week's Gains; Making Better Sense of Early 2018

Mortgage rates moved back up today after ending last week on a positive note. Improvements in rates have been uncommon so far in 2018. In fact, we haven't seen more than 2 consecutive days without a move higher. In that sense, today keeps the prevailing trend intact. If there's a saving grace, it's that rates didn't quite rise back above last week's highs. If there's a downside (whatever the opposite of a "saving grace" might be...), it's that rates remain in line with the highest levels in more than 4 years. While we COULD see some relief at some point, there's no telling if that would be a legitimate attempt at a ceiling or merely be a temporary correction before another move higher. Either way, betting on the emergence of a ceiling (via floating one's loan as opposed to locking) hasn't been

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/20/3234

Experts More Pessimistic about U.S. Housing Market Following New Tax Laws

Despite fast-rising home values now, housing experts say they expect appreciation to slow to below 3 percent by 2021

from
http://zillow.mediaroom.com/2018-02-20-Experts-More-Pessimistic-about-U-S-Housing-Market-Following-New-Tax-Laws

Monday, February 19, 2018

Owners of the Least Expensive Homes Gaining Wealth Faster Than Any Other Homeowner

But tight inventory and strong demand for these homes make it difficult for buyers to enter the market

from
http://zillow.mediaroom.com/2018-02-16-Owners-of-the-Least-Expensive-Homes-Gaining-Wealth-Faster-Than-Any-Other-Homeowner

Styling Tips to ‘Wow’ Spring-Time Home Buyers

By Patti Stern, PJ & Co. Staging and Interior Decorating

The new year and the upcoming spring season brings with it a fresh outlook and new beginnings. What will prospective home buyers be thinking about while searching for their new “happy place”? For sellers preparing their homes to sell this spring, that means engaging buyers by showcasing a warm, welcoming and cheerful property that others can easily envision living in. The following are our spring décor styling tips to help sellers prepare their property to stand out among the sea of new listings.

P_1 picture

Natural Elements Paired with Metallics

One of our favorite trends is plants of all shapes and sizes–succulents, trees or plants in baskets and colorful planters, and fresh or synthetic garden flowers in vases and wreaths. Since metallic accents continue to be on-trend, we love pairing the two together for an elegant touch to appeal to today’s buyers who like to feel close to nature.

Patti_2

Pops of Bright Accents

Pair bold pops of colorful accessories such as accent pillows, throws, artwork, glass bowls filled with fruit, and fluffy bathroom towels against a neutral backdrop to give any room a boost of energy and warmth. Mix and match different textures and patterns for added depth and a modern style.

patti_3

Update Paint Colors

Whether you repaint an entire room or an accent wall, a fresh coat of paint works wonders to instantly brighten and open a space to make it appear larger. To spruce up your curb appeal, try a fresh coat of a trending spring color such as Benjamin Moore’s Caliente for your front door to create a welcoming first impression.

Patti_4

Fresh Bedding

To create a spring-like oasis in the bedroom, switch out winter bedding and replace it with fluffy duvets in white, or on-trend floral patterns paired with a soft, cozy throw and accent pillows in different sizes, colors, and textures.  To complete the look, add soothing nature-inspired wall art in complementary colors.

For more examples of interior decorating and home staging, visit www.pjstagingdecorating.com.

PattiABOUT THE AUTHOR: Patti Stern is principal, interior decorator, and professional stager of PJ & Company Staging and Interior Decorating. She 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 the luxury homebuilder, Toll Brothers. Her company received the Houzz 2015, 2016, 2017 and 2018 Awards for Customer Service.



from
http://styledstagedsold.blogs.realtor.org/2018/02/19/styling-tips-to-wow-spring-time-home-buyers/

Sunday, February 18, 2018

Homebuilding Surges; Rates Catch a Break; Fannie Mae: So Now Things are Moving Too Fast?

Some people are never happy . For most of the ten years following the start of the Great Recession the experts have focused (can we say harped?) on the theme of a slow recovery. Now, after a couple of upticks in the inflation rate, Fannie Mae has headlined its February Economic Developments release "Strong Economic Activity Triggers Overheating Concerns." The company's Economic and Strategic Research Team say economic activity gathered momentum over the last few months and "markets are beginning to appreciate the broader implications of the stronger growth. That realization, along with a change in the direction of monetary policy has introduced some volatility into the economic equation. There were finally some signs that wages were increasing which pushed inflation measures such as 10-year

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/16/3231

Fannie/Freddie Need Your Money Again; Builders Optimistic; Rates Shun Stocks; How Bad Could it Get?

While the prospect of Fannie Mae and Freddie Mac needing taxpayer money conjures up images of a failing mortgage market requiring a government bailout, that's very far from the case this time around. In fact, taxpayers continue to come out way ahead with respect to the GSEs' conservatorship agreement, even after the draws that will be needed to cover 4th quarter losses. At issue are one-time write-downs arising from accounting changes in response to the new tax bill. After this, it should be business as usual (a business that has been returning a significant amount of money to US taxpayers). Both Freddie Mae and Fannie Mae posted strong full-year incomes for 2017 despite that both also suffered fourth quarter losses courtesy of the new tax law. Fannie's comprehensive income was $2.5 billion

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/15/3229

Purchase Apps Fall, But Sharp Increase in Sales Expected; Rates Surge; American Dream Undervalued?

Mortgage rates surged higher today, moving easily to new 4-year highs. Today's average conventional 30yr fixed rate is roughly one eighth of a percentage point higher than Wednesday of last week and more than half a point higher than the best rates seen in January. A half point increase would cost roughly $90/mo in terms of monthly payments on a $300k loan. In terms of actual "note rates" being quoted, 4.625% is now replacing 4.5% as the most prevalent quote on top tier scenarios. That said, it's worth noting that there's a fair amount of variability from lender-to-lender and day-to-day at the moment. This is typical for market conditions we're currently enduring. As expected, today's specific culprit was the Consumer Price Index report (CPI). This is the most important inflation report in

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/14/3227

Home Prices More Than Triple Income Gains; Serious Storm-Driven Delinquencies; Rates Ready to Move After Inflation Report

While home price increases softened slightly in the fourth quarter of last year, the National Association of Realtors® (NAR) said, an uptick in existing home sales further exhausted available inventories. NAR's quarterly metropolitan area housing report puts the national median existing single-family home price at $247,800 at the end of 2017, up 5.3 percent from the fourth quarter of 2016. The year-over-year gain in the third quarter of 2017 was a slightly higher 5.6 percent. Single-family home prices grew in 162 or 92 percent of the 177 metropolitan statistical areas (MSAs) tracked by NAR. In 26 of those areas, or 16 percent, the gains were in the double digits compared to in 11 percent the prior quarter. Eighteen MSAs set new price peaks, bringing the number with median prices at record

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/13/3225

High Cost Loan Test Changes; Dismantling Dodd-Frank; Rates Hold 4-Year Highs

Mortgage rates were generally in line with Friday's latest levels today. Unfortunately, those happened to be the highest in more than 4 years . Rates are primarily determined by the prices and yields of bonds. The bond market has increasingly been under pressure over the past four months for a few key reasons. One of those reasons has to do with simple supply and demand. The government issues bonds to supplement revenue or to pay for new spending (i.e. 2018's expected drop in tax revenue created the need to issue more debt). More issuance (i.e. more "supply") creates lower bond prices and higher rates (prices and rates move inversely). Although bond markets received another warning shot with respect to increased supply today due to the unveiling of Trumps's new budget, market participants didn

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/12/3223

Friday, February 16, 2018

Homebuilding Surges; Rates Catch a Break; Fannie Mae: So Now Things are Moving Too Fast?

Some people are never happy . For most of the ten years following the start of the Great Recession the experts have focused (can we say harped?) on the theme of a slow recovery. Now, after a couple of upticks in the inflation rate, Fannie Mae has headlined its February Economic Developments release "Strong Economic Activity Triggers Overheating Concerns." The company's Economic and Strategic Research Team say economic activity gathered momentum over the last few months and "markets are beginning to appreciate the broader implications of the stronger growth. That realization, along with a change in the direction of monetary policy has introduced some volatility into the economic equation. There were finally some signs that wages were increasing which pushed inflation measures such as 10-year

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/16/3231

Owners of the Least Expensive Homes Gaining Wealth Faster Than Any Other Homeowner

But tight inventory and strong demand for these homes make it difficult for buyers to enter the market

from
http://zillow.mediaroom.com/2018-02-16-Owners-of-the-Least-Expensive-Homes-Gaining-Wealth-Faster-Than-Any-Other-Homeowner

Thursday, February 15, 2018

Fannie/Freddie Need Your Money Again; Builders Optimistic; Rates Shun Stocks; How Bad Could it Get?

While the prospect of Fannie Mae and Freddie Mac needing taxpayer money conjures up images of a failing mortgage market requiring a government bailout, that's very far from the case this time around. In fact, taxpayers continue to come out way ahead with respect to the GSEs' conservatorship agreement, even after the draws that will be needed to cover 4th quarter losses. At issue are one-time write-downs arising from accounting changes in response to the new tax bill. After this, it should be business as usual (a business that has been returning a significant amount of money to US taxpayers). Both Freddie Mae and Fannie Mae posted strong full-year incomes for 2017 despite that both also suffered fourth quarter losses courtesy of the new tax law. Fannie's comprehensive income was $2.5 billion

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/15/3229

With Angie's List departing, owner of Landmark Center ups ante to snag tenants

The home services firm will leave vacant four floors in the downtown tower, where owner Fairbridge has invested about $1 million in upgrades in hopes of landing new tenants.

from
https://www.ibj.com/blogs/3-property-lines/post/67583-with-angies-list-departing-owner-of-landmark-center-ups-ante-to-snag-tenants

Wednesday, February 14, 2018

Purchase Apps Fall, But Sharp Increase in Sales Expected; Rates Surge; American Dream Undervalued?

Mortgage rates surged higher today, moving easily to new 4-year highs. Today's average conventional 30yr fixed rate is roughly one eighth of a percentage point higher than Wednesday of last week and more than half a point higher than the best rates seen in January. A half point increase would cost roughly $90/mo in terms of monthly payments on a $300k loan. In terms of actual "note rates" being quoted, 4.625% is now replacing 4.5% as the most prevalent quote on top tier scenarios. That said, it's worth noting that there's a fair amount of variability from lender-to-lender and day-to-day at the moment. This is typical for market conditions we're currently enduring. As expected, today's specific culprit was the Consumer Price Index report (CPI). This is the most important inflation report in

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/14/3227

Zillow Launches New National Ad Campaign, “Many Ways Home”



from
http://zillow.mediaroom.com/2018-02-12-Zillow-Launches-New-National-Ad-Campaign-Many-Ways-Home

7 Ways to Add More Romance to a Home’s Decor

By Melissa Dittmann Tracey, REALTOR® Magazine

Love is in the air with Valentine’s Day this week. But a romantic flair to warm up your home design may very well be in style year-round.

In fact, one-third of homeowners say they intended to renovate their master bedrooms to create a more romantic or intimate space, according to a 2015 survey of more than 1,500 homeowners conducted by Houzz, a remodeling website.

How do you achieve a more romantic style with your décor? Here are a few ideas.

1. Fluffy pillows

The more pillows on the bed, the better. Decorative pillows can add a softness to a room. Read tips from stager Audra Slinkey from the Home Staging Resource: How to Use Pillows in Staging

 

2. A lush Rug
A faux sheepskin rug under the bed may add a touch of luster to the flooring.

 

3. Whites and pastels
Softer colors can add a more romantic vibe. Pristine white mixed with soft pastels may add warmth to a bedroom. Try whites or pastel bedding and accessories up against a slightly darker wall color for just the right contrast.

 

4. Fireplace
Illuminate a space with the glows from a fireplace or candles.

 

5. Flowers
Fresh flowers can spruce up any room in the house–and as an added bonus they often bring a pleasant scent too. Even small bouquets can still make a statement.

 

6. Chandelier
Add in more glam in the bathroom with a crystal chandelier that can reflect the light and bring a little sparkle.

 

7. Intimate outdoor spaces
You can get romantic with your landscaping outside too. Set a scene with a small table and chair set, greenery surrounding, and strung lights to create a cozy spot to unwind or dine.



from
http://feedproxy.google.com/~r/StyledStagedSold/~3/fNBDjXkLLN0/

Retail roundup: Fresh locales in Castleton for Sapporo, Gander Outdoors, Club Champion

Gander Mountain has morphed into Gander Outdoors under a new owner, with a grand opening for its 86th Street store on Saturday. Recent Indy-area exits include two Broad Ripple eateries and a Cancun Mexican Restaurant location.

from
https://www.ibj.com/blogs/3-property-lines/post/67509-retail-roundup-fresh-locales-in-castleton-for-sapporo-gander-outdoors-club-champion

It Takes 11 Years for a Single Homebuyer to Save for a Down Payment

Saving for a down payment on the median U.S home takes six years longer for a single person than a couple, according to a new Zillow analysis.

from
http://zillow.mediaroom.com/2018-02-09-It-Takes-11-Years-for-a-Single-Homebuyer-to-Save-for-a-Down-Payment

Love Your Home - Show 470

Real Estate Today Radio - SHOW 470

On this week's Real Estate Today, it's our special show "Love Your Home."

This Week's Show Includes:
- Top News Of The Week
- Building Wealth
- Living Alone
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Developer of former GM plant site seeking $27M in infrastructure aid from city

The planned street, bridge and sewer upgrades for the first phase of the 103-acre redevelopment—considered a prime option for Amazon's HQ2 project—would be covered by a combination of city funds and tax-increment financing.

from
https://www.ibj.com/blogs/3-property-lines/post/67491-developer-of-former-gm-stamping-plant-site-seeking-27m-in-infrastructure-improvements

Tuesday, February 13, 2018

Home Prices More Than Triple Income Gains; Serious Storm-Driven Delinquencies; Rates Ready to Move After Inflation Report

While home price increases softened slightly in the fourth quarter of last year, the National Association of Realtors® (NAR) said, an uptick in existing home sales further exhausted available inventories. NAR's quarterly metropolitan area housing report puts the national median existing single-family home price at $247,800 at the end of 2017, up 5.3 percent from the fourth quarter of 2016. The year-over-year gain in the third quarter of 2017 was a slightly higher 5.6 percent. Single-family home prices grew in 162 or 92 percent of the 177 metropolitan statistical areas (MSAs) tracked by NAR. In 26 of those areas, or 16 percent, the gains were in the double digits compared to in 11 percent the prior quarter. Eighteen MSAs set new price peaks, bringing the number with median prices at record

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/13/3225

7 Ways to Add More Romance to a Home’s Decor

By Melissa Dittmann Tracey, REALTOR® Magazine

Love is in the air with Valentine’s Day this week. But a romantic flair to warm up your home design may very well be in style year-round.

In fact, one-third of homeowners say they intended to renovate their master bedrooms to create a more romantic or intimate space, according to a 2015 survey of more than 1,500 homeowners conducted by Houzz, a remodeling website.

How do you achieve a more romantic style with your décor? Here are a few ideas.

1. Fluffy pillows

The more pillows on the bed, the better. Decorative pillows can add a softness to a room. Read tips from stager Audra Slinkey from the Home Staging Resource: How to Use Pillows in Staging

 

2. A lush Rug
A faux sheepskin rug under the bed may add a touch of luster to the flooring.

 

3. Whites and pastels
Softer colors can add a more romantic vibe. Pristine white mixed with soft pastels may add warmth to a bedroom. Try whites or pastel bedding and accessories up against a slightly darker wall color for just the right contrast.

 

4. Fireplace
Illuminate a space with the glows from a fireplace or candles.

 

5. Flowers
Fresh flowers can spruce up any room in the house–and as an added bonus they often bring a pleasant scent too. Even small bouquets can still make a statement.

 

6. Chandelier
Add in more glam in the bathroom with a crystal chandelier that can reflect the light and bring a little sparkle.

 

7. Intimate outdoor spaces
You can get romantic with your landscaping outside too. Set a scene with a small table and chair set, greenery surrounding, and strung lights to create a cozy spot to unwind or dine.



from
http://feedproxy.google.com/~r/StyledStagedSold/~3/fNBDjXkLLN0/

Monday, February 12, 2018

High Cost Loan Test Changes; Dismantling Dodd-Frank; Rates Hold 4-Year Highs

Mortgage rates were generally in line with Friday's latest levels today. Unfortunately, those happened to be the highest in more than 4 years . Rates are primarily determined by the prices and yields of bonds. The bond market has increasingly been under pressure over the past four months for a few key reasons. One of those reasons has to do with simple supply and demand. The government issues bonds to supplement revenue or to pay for new spending (i.e. 2018's expected drop in tax revenue created the need to issue more debt). More issuance (i.e. more "supply") creates lower bond prices and higher rates (prices and rates move inversely). Although bond markets received another warning shot with respect to increased supply today due to the unveiling of Trumps's new budget, market participants didn

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/2/12/3223

Zillow Launches New National Ad Campaign, “Many Ways Home”



from
http://zillow.mediaroom.com/2018-02-12-Zillow-Launches-New-National-Ad-Campaign-Many-Ways-Home

7 Ways to Add More Romance to a Home’s Decor

By Melissa Dittmann Tracey, REALTOR® Magazine

Love is in the air with Valentine’s Day this week. But a romantic flair to warm up your home design may very well be in style year-round.

In fact, one-third of homeowners say they intended to renovate their master bedrooms to create a more romantic or intimate space, according to a 2015 survey of more than 1,500 homeowners conducted by Houzz, a remodeling website.

How do you achieve a more romantic style with your décor? Here are a few ideas.

1. Fluffy pillows

The more pillows on the bed, the better. Decorative pillows can add a softness to a room. Read tips from stager Audra Slinkey from the Home Staging Resource: How to Use Pillows in Staging

 

2. A lush Rug
A faux sheepskin rug under the bed may add a touch of luster to the flooring.

 

3. Whites and pastels
Softer colors can add a more romantic vibe. Pristine white mixed with soft pastels may add warmth to a bedroom. Try whites or pastel bedding and accessories up against a slightly darker wall color for just the right contrast.

 

4. Fireplace
Illuminate a space with the glows from a fireplace or candles.

 

5. Flowers
Fresh flowers can spruce up any room in the house–and as an added bonus they often bring a pleasant scent too. Even small bouquets can still make a statement.

 

6. Chandelier
Add in more glam in the bathroom with a crystal chandelier that can reflect the light and bring a little sparkle.

 

7. Intimate outdoor spaces
You can get romantic with your landscaping outside too. Set a scene with a small table and chair set, greenery surrounding, and strung lights to create a cozy spot to unwind or dine.



from
http://styledstagedsold.blogs.realtor.org/2018/02/12/7-ways-to-add-more-romance-to-home-design/

Saturday, February 10, 2018

It Takes 11 Years for a Single Homebuyer to Save for a Down Payment

Saving for a down payment on the median U.S home takes six years longer for a single person than a couple, according to a new Zillow analysis.

from
http://zillow.mediaroom.com/2018-02-09-It-Takes-11-Years-for-a-Single-Homebuyer-to-Save-for-a-Down-Payment

Love Your Home - Show 470

Real Estate Today Radio - SHOW 470

On this week's Real Estate Today, it's our special show "Love Your Home."

This Week's Show Includes:
- Top News Of The Week
- Building Wealth
- Living Alone
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Hot Home Trend: Florals Are Dressing Up Interiors

By Melissa Dittmann Tracey, REALTOR® Magazine

Consider adding more floral patterns into your staging. It’s bold and trendy, home designers say.

Floral prints are seeing a revival in home design, according to the design community on Houzz, a home renovation and design platform. In fact, they are calling florals one of the hottest home design trends of 2018.

But its re-emergence in interiors does come with a twist this time around. Floral designs in contrasting colors is trending. It can make a big statement and can be an eye-popping pattern to jazz up a space.

“Forget low-energy patterns and think botanical references in high-contrast colors, such as black and white, or teal and gold, and over-sized blooms,” Houzz notes in its forecast.

Floral patterns of roses, peonies, and lilacs are popular in wall art, throw pillows or bedding, rugs, or furnishings. It can feel vintage, and add a little flair to an otherwise neutral staging palette.



from
http://feedproxy.google.com/~r/StyledStagedSold/~3/zszguxwwOnI/