Inventory at Historic Lows, Majority of Homes for Sale are at the High End

There are almost 9 percent fewer homes on the market than a year ago, and the majority of them are ones first-time buyers can't afford

from
http://zillow.mediaroom.com/2018-04-26-Inventory-at-Historic-Lows-Majority-of-Homes-for-Sale-are-at-the-High-End

Amazon Effect: HQ2 Would Spur the Biggest Rent Hikes in Nashville and Denver

If Amazon builds its second headquarters in Nashville, rents would rise an additional 2.4 percentage points each year, according to a new Zillow analysis

from
http://zillow.mediaroom.com/2018-04-26-Amazon-Effect-HQ2-Would-Spur-the-Biggest-Rent-Hikes-in-Nashville-and-Denver

Homes in Formerly Redlined Areas Trailing in Value

The typical home in an area given a "hazardous" rating in the 1930s is worth 85 percent of the median value of surrounding homes today

from
http://zillow.mediaroom.com/2018-04-25-Homes-in-Formerly-Redlined-Areas-Trailing-in-Value

Pending Home Sales Post Modest Gains; Mortgage Rates Mostly Sideways to Begin Busy Week

Mortgage rates didn't move much today , which keeps them right in line with last week's lowest levels. That sounds pretty good! Unfortunately, any time prior to last week, those "lowest levels" would have been the highest in more than 4 years. To make things simple , look at like this: rates didn't move more than an eighth of a percentage point (.125) for most of March and early April (lenders typically divide rate sheet offerings in 1/8th increments). Last week brought rates a quarter of a point (.25) higher at its worst, and now we've recovered about an eighth. In other words, we're right in between the March plateau and last week's highs. The rest of this week brings several important economic reports including Friday's big jobs report (The Employment Situation, aka "Nonfarm Payrolls").

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/30/3341

CFPB Finalizes TRID Revisions; Census Report Confirms Tight Housing (Thanks Census!); Rates Recover

Mortgage rates moved lower again today , bringing them back in line with Monday's levels for the average lender. That said, rate sheets have been very stratified between lenders during the recent spat of volatility. In other words, even if 2 lenders were similarly-priced on Monday, they might not be today. Compared to Wednesday (highest rates this week), today's rates are nearly an eighth of percent lower. The improvement in bond markets (which underlie rates) was somewhat serendipitous in the sense that there was no overt motivation in terms of economic data or news headlines. That's not to say there were no big economic reports (indeed, the first reading of Q1 GDP was released this morning)--just that they didn't elicit a big response in bonds. Loan Originator Perspective Bonds caught a second

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/27/3339

Mortgage Rates Catch a Break; HUD Proposes Rent Increases

Mortgage rates caught a break today , as underlying bond markets made it back into Tuesday's territory. Refreshingly, lenders were willing to set rates back at Tuesday's levels. That may sound exceedingly logical considering bond markets dictate rate movements, but it's an exception to the recent rule that's seen lenders err on the side of caution when it comes to following every little movement in bonds. In other words, lenders have been quick to raise rates when bonds are weaker and slow to bring them back down when bonds recover. That makes today something of an opportunity for anyone who wished they'd locked their rate on Tuesday. Simply put, now you can! These sorts of recoveries are tricky business from a forecasting perspective. Of course there's a temptation to hope for more when we

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/26/3337

Top Still Not in For Rates; Buyers Looking, but Tough Market; Mortgage Apps Slide

Mortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some distance between themselves and the March plateau. Whereas a well-qualified borrower with 25% down may have been quoted a conventional 30yr fixed rate of 4.5% a few weeks ago, they'd already be looking at 4.75% today for most lenders. Of course this can vary a bit from lender to lender, but the point is that all lenders have experienced that sort of delta. Will it ever stop? Yo! I don't know! Actually I do know. The answer is yes, but I don't know when. Rates could (and SHOULD, if we're being honest) continue even higher from here . They may not do so in a straight line, but barring

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/25/3335

Rates Push Farther Into 4-Year Highs; Home Sales Unfazed by Headwinds; Home Price gains Likely to Continue

Mortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the bond market (which underlies rates) is coming to terms with big-picture, long-term headwinds mentioned in the bullet points at the bottom of this article. Whereas rates had leveled off and even improved somewhat during March and early April, they've quickly shown more volatile colors. Borrowers are definitely seeing rates that are an eighth of a point higher from last week and, in many cases, a quarter of a percentage point higher than 2018's best levels. Tomorrow brings several flashpoints that keep the volatility potential high. These include the 1st report on Q1 GDP, and important

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/24/3333

Existing Home Sales Beat Headwinds; Now Rates are at 4-Year Highs: Freddie Mac Forecast

Existing-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to February, putting sales at a seasonally adjusted annual rate of 5.60 million units. The March pace built on a 3.0 percent increase in February, but sales are still down 1.2 percent compared to March 2017 . Sales in February were at a rate of 5.54 million. Analysts polled by Econoday had expected existing home sales in the 5.39 to 5.80 range. The consensus was 5.51 million units. Single-family homes sales were up 0.6 percent to an annual rate of 4.99 million units from 4,96 million in February, putting those sales

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/23/3331

Hot Home Trend: Stylish Cowhide

By Melissa Dittmann Tracey, REALTOR® Magazine

From rustic to modern to even the most luxurious interiors, homeowners are sprucing up their spaces with cowhide. Cowhide rugs have seen one of the biggest jumps in Google searches on home design trends over the last decade, according to Digital Third Coast’s latest design trends study, based on search engine results.

There are many types of cowhide to choose from, such as solid colored, cuvy shaped ones to black and white cowhide to ones with brown accents. The brown accent cowhides can be more subtle when used up against hardwoods or brown leather furnishings. The black and white cowhides, meanwhile, are for the wishing to make a bigger statement.

Where should you add a cowhide? Here are a few ideas to show how the trend is being used in home design.

FURNISHINGS: A cowhide accent chair or ottoman can create a focal point in a space.

Photo by Andrea Schumacher Interiors – Search home office pictures

Photo by Rocky Mountain Log Homes – Browse bedroom ideas

RUGS: A curvy cowhide rug under a coffee table in the living room can help anchor a space. Designers say the cowhide even helps “loosen up” an otherwise perfectly symmetrical balanced space.

Photo by cityhomeCOLLECTIVE – Discover family room design ideas

Photo by Van Wicklen Design – Look for living room design inspiration

Photo by Noha Hassan Designs – More bedroom ideas

ACCESSORIES: Cowhide accessories can also make an impact, such as cowhide patterned throw pillows or cowhide print blanket to dress up a brown or black sofa.

Photo by – Discover living room design inspiration

One thing to add with this trend: Don’t overdo it. You don’t need a lot of cowhide to make a statement.

 

from
http://styledstagedsold.blogs.realtor.org/2018/04/30/hot-home-trend-stylish-cowhide/

Inventory at Historic Lows, Majority of Homes for Sale are at the High End

There are almost 9 percent fewer homes on the market than a year ago, and the majority of them are ones first-time buyers can't afford

from
http://zillow.mediaroom.com/2018-04-26-Inventory-at-Historic-Lows-Majority-of-Homes-for-Sale-are-at-the-High-End

Amazon Effect: HQ2 Would Spur the Biggest Rent Hikes in Nashville and Denver

If Amazon builds its second headquarters in Nashville, rents would rise an additional 2.4 percentage points each year, according to a new Zillow analysis

from
http://zillow.mediaroom.com/2018-04-26-Amazon-Effect-HQ2-Would-Spur-the-Biggest-Rent-Hikes-in-Nashville-and-Denver

Homes in Formerly Redlined Areas Trailing in Value

The typical home in an area given a "hazardous" rating in the 1930s is worth 85 percent of the median value of surrounding homes today

from
http://zillow.mediaroom.com/2018-04-25-Homes-in-Formerly-Redlined-Areas-Trailing-in-Value

CFPB Finalizes TRID Revisions; Census Report Confirms Tight Housing (Thanks Census!); Rates Recover

Mortgage rates moved lower again today , bringing them back in line with Monday's levels for the average lender. That said, rate sheets have been very stratified between lenders during the recent spat of volatility. In other words, even if 2 lenders were similarly-priced on Monday, they might not be today. Compared to Wednesday (highest rates this week), today's rates are nearly an eighth of percent lower. The improvement in bond markets (which underlie rates) was somewhat serendipitous in the sense that there was no overt motivation in terms of economic data or news headlines. That's not to say there were no big economic reports (indeed, the first reading of Q1 GDP was released this morning)--just that they didn't elicit a big response in bonds. Loan Originator Perspective Bonds caught a second

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/27/3339

Moving - Show 481

Real Estate Today Radio - SHOW 481

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

This Week's Show Includes:
- Top News Of The Week
- Staying Sane - Part 1
- Staying Sane - Part 2
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Mortgage Rates Catch a Break; HUD Proposes Rent Increases

Mortgage rates caught a break today , as underlying bond markets made it back into Tuesday's territory. Refreshingly, lenders were willing to set rates back at Tuesday's levels. That may sound exceedingly logical considering bond markets dictate rate movements, but it's an exception to the recent rule that's seen lenders err on the side of caution when it comes to following every little movement in bonds. In other words, lenders have been quick to raise rates when bonds are weaker and slow to bring them back down when bonds recover. That makes today something of an opportunity for anyone who wished they'd locked their rate on Tuesday. Simply put, now you can! These sorts of recoveries are tricky business from a forecasting perspective. Of course there's a temptation to hope for more when we

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/26/3337

Roundup: Kohl's 'rightsizing' in Speedway, a Marsh replacement, and Kilwins Chocolates on Mass

Wisconsin-based Kohl's said last month it will shrink about a dozen of its stores this year as part of a broader effort to reduce its bricks-and-mortar square footage.

from
https://www.ibj.com/blogs/19-property-lines/post/68573-kohls-store-in-speedway-indiana-will-shrink-in-size-as-part-of-national-rightsizing-initiative

Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales

The U.S. economy posted strong growth with fourth quarter 2017 Real Gross Domestic Product (real GDP) growth revised upwards to 2.9 percent. More

from
http://www.freddiemac.com/research/outlook/20180423_nothing_draws_a_crowd.html?attr=rssEHR

Inventory at Historic Lows, Majority of Homes for Sale are at the High End

There are almost 9 percent fewer homes on the market than a year ago, and the majority of them are ones first-time buyers can't afford

from
http://zillow.mediaroom.com/2018-04-26-Inventory-at-Historic-Lows-Majority-of-Homes-for-Sale-are-at-the-High-End

Amazon Effect: HQ2 Would Spur the Biggest Rent Hikes in Nashville and Denver

If Amazon builds its second headquarters in Nashville, rents would rise an additional 2.4 percentage points each year, according to a new Zillow analysis

from
http://zillow.mediaroom.com/2018-04-26-Amazon-Effect-HQ2-Would-Spur-the-Biggest-Rent-Hikes-in-Nashville-and-Denver

The Closing - Show 480

Real Estate Today Radio - SHOW 480

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

This Week's Show Includes:
- Top News Of The Week
- Ten Things to Bring to the Settlement
- Hey, it's YOUR Mailr
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales

The U.S. economy posted strong growth with fourth quarter 2017 Real Gross Domestic Product (real GDP) growth revised upwards to 2.9 percent. More

from
http://www.freddiemac.com/research/outlook/20180423_nothing_draws_a_crowd.html?attr=rssEHR

Top Still Not in For Rates; Buyers Looking, but Tough Market; Mortgage Apps Slide

Mortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some distance between themselves and the March plateau. Whereas a well-qualified borrower with 25% down may have been quoted a conventional 30yr fixed rate of 4.5% a few weeks ago, they'd already be looking at 4.75% today for most lenders. Of course this can vary a bit from lender to lender, but the point is that all lenders have experienced that sort of delta. Will it ever stop? Yo! I don't know! Actually I do know. The answer is yes, but I don't know when. Rates could (and SHOULD, if we're being honest) continue even higher from here . They may not do so in a straight line, but barring

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/25/3335

The Closing - Show 480

Real Estate Today Radio - SHOW 480

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

This Week's Show Includes:
- Top News Of The Week
- Ten Things to Bring to the Settlement
- Hey, it's YOUR Mailr
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

The Closing - Show 480

Real Estate Today Radio - SHOW 480

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

This Week's Show Includes:
- Top News Of The Week
- Ten Things to Bring to the Settlement
- Hey, it's YOUR Mailr
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Homes in Formerly Redlined Areas Trailing in Value

The typical home in an area given a "hazardous" rating in the 1930s is worth 85 percent of the median value of surrounding homes today

from
http://zillow.mediaroom.com/2018-04-25-Homes-in-Formerly-Redlined-Areas-Trailing-in-Value

Rates Push Farther Into 4-Year Highs; Home Sales Unfazed by Headwinds; Home Price gains Likely to Continue

Mortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the bond market (which underlies rates) is coming to terms with big-picture, long-term headwinds mentioned in the bullet points at the bottom of this article. Whereas rates had leveled off and even improved somewhat during March and early April, they've quickly shown more volatile colors. Borrowers are definitely seeing rates that are an eighth of a point higher from last week and, in many cases, a quarter of a percentage point higher than 2018's best levels. Tomorrow brings several flashpoints that keep the volatility potential high. These include the 1st report on Q1 GDP, and important

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/24/3333

Existing Home Sales Beat Headwinds; Now Rates are at 4-Year Highs: Freddie Mac Forecast

Existing-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to February, putting sales at a seasonally adjusted annual rate of 5.60 million units. The March pace built on a 3.0 percent increase in February, but sales are still down 1.2 percent compared to March 2017 . Sales in February were at a rate of 5.54 million. Analysts polled by Econoday had expected existing home sales in the 5.39 to 5.80 range. The consensus was 5.51 million units. Single-family homes sales were up 0.6 percent to an annual rate of 4.99 million units from 4,96 million in February, putting those sales

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/23/3331

Mortgage Rates Quickly Approaching 4-Year Highs; Wells Faces Largest Fine Yet

Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no doubt that they are accurately conveying the results of their data collection efforts according to their methodology, there is a more accurate way to do things. Specifically, we can track actual lenders' rate sheets every day. Even if we take an average of that daily data, we still find that rates aren't quite back to 4-year highs just yet. Depending on the lender, these occurred on one of the days near the end of February. In fact, some lenders' rates from March 21st are still higher than today's. Are we talking about very big differences between

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/20/3327

Highest Rates in About a Month; Home Price Gains Outpacing Incomes; Weather Cools Remodeling Goals

Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a friendly, narrow range. This of course coincided with a narrow range for rates in the past few months. It was also "friendly" relative to the trajectory seen in the first part of the year. When these sorts of ranges become established, the boundaries take on a special significance. As soon as the floor or the ceiling is definitively broken, there tends to be some additional momentum in the direction of the break. That's why yesterday's headline mentioned that bonds were suggesting "more trouble ahead." I'd hoped to be wrong about that, but here's the

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/19/3325

Underwriters Should Consider Rent History; Freddie on "Shopping"; Mortgage Apps Surge

Access to credit remains tight and the Urban Institute (UI) blames in part that lenders are not measuring the credit risk of borrowers appropriately. Laurie Goodman and Jun Zhu, writing in UI's Urban Wire blog say that paying rent is the most significant financial commitment of most renters. Yet, while credit reports often ding renters for missing rent payments, the performance of good tenants doesn't enter into their credit scores. Considering a borrower's rental pay history , this could be done via bank statements, to the mortgage qualification process, they say, would make assessing renters' credit risk easier. It could also expand access to homeownership among a significant portion of the nation's population. The authors analyzed rental payment histories to see how they might impact mortgage

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/18/3323

Rates Push Farther Into 4-Year Highs; Home Sales Unfazed by Headwinds; Home Price gains Likely to Continue

Mortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the bond market (which underlies rates) is coming to terms with big-picture, long-term headwinds mentioned in the bullet points at the bottom of this article. Whereas rates had leveled off and even improved somewhat during March and early April, they've quickly shown more volatile colors. Borrowers are definitely seeing rates that are an eighth of a point higher from last week and, in many cases, a quarter of a percentage point higher than 2018's best levels. Tomorrow brings several flashpoints that keep the volatility potential high. These include the 1st report on Q1 GDP, and important

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/24/3333

Old National Bank to close branch offices in Indianapolis, Carmel

Old National acquired all three of these branches in 2009 when it acquired 52 Indianapolis-area Charter One offices. All but a few of those locations have since closed.

from
https://www.ibj.com/blogs/19-property-lines/post/68524-old-national-bank-to-close-branch-offices-in-indianapolis-carmel

Existing Home Sales Beat Headwinds; Now Rates are at 4-Year Highs: Freddie Mac Forecast

Existing-home sales seemed to have reclaimed their footing, posting their second consecutive gain after two straight months of declines. The National Association of Realtors® (NAR) said March sales of single-family homes, townhomes, condos, and coops rose 1.1 percent compared to February, putting sales at a seasonally adjusted annual rate of 5.60 million units. The March pace built on a 3.0 percent increase in February, but sales are still down 1.2 percent compared to March 2017 . Sales in February were at a rate of 5.54 million. Analysts polled by Econoday had expected existing home sales in the 5.39 to 5.80 range. The consensus was 5.51 million units. Single-family homes sales were up 0.6 percent to an annual rate of 4.99 million units from 4,96 million in February, putting those sales

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/23/3331

The Closing - Show 480

Real Estate Today Radio - SHOW 480

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

This Week's Show Includes:
- Top News Of The Week
- Ten Things to Bring to the Settlement
- Hey, it's YOUR Mailr
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Indy CD & Vinyl, Luna Music, Square Cat Vinyl, others to celebrate Record Store Day

Event boosts independent retailers. Also this week: Bentley's Pet Stuff, Bird Fever, Le Peep and Tom Wood Toyota.

from
https://www.ibj.com/blogs/19-property-lines/post/68454-indy-cd-vinyl-luna-music-square-cat-vinyl-others-to-celebrate-record-store-day

Mortgage Denial Rates Fall, but Racial Gap Persists: Black Applicants Twice as Likely as Whites to be Denied a Conventional Loan

Suburban applicants are more likely to be approved for a conventional loan than borrowers in urban or rural areas

from
http://zillow.mediaroom.com/2018-04-19-Mortgage-Denial-Rates-Fall-but-Racial-Gap-Persists-Black-Applicants-Twice-as-Likely-as-Whites-to-be-Denied-a-Conventional-Loan

Portillo's restaurant chain planning to open Avon location

The Avon location will be the third local restaurant for the growing Chicago-based chain, which is known for its hots dogs and Italian beef sandwiches.

from
https://www.ibj.com/blogs/19-property-lines/post/68437-portillos-restaurant-chain-planning-to-open-an-avon-indiana-location

Homes Sold Faster than Ever in 2017

Shrinking inventory limits options for buyers this home shopping season, leading to more competition

from
http://zillow.mediaroom.com/2018-04-17-Homes-Sold-Faster-than-Ever-in-2017

Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales

The U.S. economy posted strong growth with fourth quarter 2017 Real Gross Domestic Product (real GDP) growth revised upwards to 2.9 percent. More

from
http://www.freddiemac.com/research/outlook/20180423_nothing_draws_a_crowd.html?attr=rssEHR

Hot Home Trend: Vertical Gardens

By Melissa Dittmann Tracey, REALTOR® Magazine

Want to add some greenery or a garden to a backyard but tight on space? Try a vertical garden. By going up with your plants instead of spreading them out, you’ll be able to squeeze a garden in even the smallest of spots.

Vertical gardens are considered a hot landscaping trend. Use trellises, planting walls, and other structures to attach plants too. The vertical gardens can also double as a way to add privacy to a small deck or patio.

Create a vertical wall of planters, such as by using mason jars of ornamental grasses. Or, plant a variety of vegetables or flowers. Attach multiple containers to a frame or wall and then fill them up with plants.

But a vertical garden still requires a lot of upkeep. Be sure to prune plants appropriately. Also, you’ll want to make sure the upper levels of the plants don’t overshadow the lower areas and the garden stays vibrant and green.

Read tips on getting started with a vertical garden from the National Association of Landscape Professionals.

Photo Credit: Photos by Linda Oyama Bryan for Mariani Landscape, Lake Bluff, Ill., a member of the National Association of Landscape Professionals

Photo courtesy: Dennis Hammett, Ebby Halliday REALTORS(R)

Photo by Carolina Katz + Paula Nuñez – Browse landscaping ideas

Photo by Living Gardens Landscape Design – More landscaping photos

from
http://styledstagedsold.blogs.realtor.org/2018/04/23/hot-home-trend-vertical-gardens/

Mortgage Rates Quickly Approaching 4-Year Highs; Wells Faces Largest Fine Yet

Let's clear one thing up before we begin. Freddie Mac, MBA, and Ellie Mae all noted new 4-year highs in mortgage rates this week. They are all technically wrong. This has to do with the way their data is collected and/or averaged. And while I have no doubt that they are accurately conveying the results of their data collection efforts according to their methodology, there is a more accurate way to do things. Specifically, we can track actual lenders' rate sheets every day. Even if we take an average of that daily data, we still find that rates aren't quite back to 4-year highs just yet. Depending on the lender, these occurred on one of the days near the end of February. In fact, some lenders' rates from March 21st are still higher than today's. Are we talking about very big differences between

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/20/3327

The Closing - Show 480

Real Estate Today Radio - SHOW 480

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

This Week's Show Includes:
- Top News Of The Week
- Ten Things to Bring to the Settlement
- Hey, it's YOUR Mailr
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Highest Rates in About a Month; Home Price Gains Outpacing Incomes; Weather Cools Remodeling Goals

Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a friendly, narrow range. This of course coincided with a narrow range for rates in the past few months. It was also "friendly" relative to the trajectory seen in the first part of the year. When these sorts of ranges become established, the boundaries take on a special significance. As soon as the floor or the ceiling is definitively broken, there tends to be some additional momentum in the direction of the break. That's why yesterday's headline mentioned that bonds were suggesting "more trouble ahead." I'd hoped to be wrong about that, but here's the

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/19/3325

Indy CD & Vinyl, Luna Music, Square Cat Vinyl, others to celebrate Record Store Day

Event boosts independent retailers. Also this week: Bentley's Pet Stuff, Bird Fever, Le Peep and Tom Wood Toyota.

from
https://www.ibj.com/blogs/19-property-lines/post/68454-indy-cd-vinyl-luna-music-square-cat-vinyl-others-to-celebrate-record-store-day

Mortgage Denial Rates Fall, but Racial Gap Persists: Black Applicants Twice as Likely as Whites to be Denied a Conventional Loan

Suburban applicants are more likely to be approved for a conventional loan than borrowers in urban or rural areas

from
http://zillow.mediaroom.com/2018-04-19-Mortgage-Denial-Rates-Fall-but-Racial-Gap-Persists-Black-Applicants-Twice-as-Likely-as-Whites-to-be-Denied-a-Conventional-Loan

Underwriters Should Consider Rent History; Freddie on "Shopping"; Mortgage Apps Surge

Access to credit remains tight and the Urban Institute (UI) blames in part that lenders are not measuring the credit risk of borrowers appropriately. Laurie Goodman and Jun Zhu, writing in UI's Urban Wire blog say that paying rent is the most significant financial commitment of most renters. Yet, while credit reports often ding renters for missing rent payments, the performance of good tenants doesn't enter into their credit scores. Considering a borrower's rental pay history , this could be done via bank statements, to the mortgage qualification process, they say, would make assessing renters' credit risk easier. It could also expand access to homeownership among a significant portion of the nation's population. The authors analyzed rental payment histories to see how they might impact mortgage

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/18/3323

Homes Sold Faster than Ever in 2017

Shrinking inventory limits options for buyers this home shopping season, leading to more competition

from
http://zillow.mediaroom.com/2018-04-17-Homes-Sold-Faster-than-Ever-in-2017

Zillow Expands Instant Offers to Phoenix; Will Work with Agents to Test Buying and Selling Homes Directly

Brokerages West USA, Berkshire Hathaway HomeServices Arizona & Nevada Properties, and Coldwell Banker Premier Realty partner with Zillow in expanded test in Las Vegas and Phoenix; Zillow Group provides select preliminary first quarter financial results and updated full-year 2018 outlook

from
http://zillow.mediaroom.com/2018-04-12-Zillow-Expands-Instant-Offers-to-Phoenix-Will-Work-with-Agents-to-Test-Buying-and-Selling-Homes-Directly

Portillo's restaurant chain planning to open Avon location

The Avon location will be the third local restaurant for the growing Chicago-based chain, which is known for its hots dogs and Italian beef sandwiches.

from
https://www.ibj.com/blogs/19-property-lines/post/68437-portillos-restaurant-chain-planning-to-open-an-avon-indiana-location

Mortgage Bank Profits Fall by Nearly Half; Housing's Spring Recovery; Bright Economy With Dark Clouds

Less than a month after reporting some bad news about mortgage production and profits in the fourth quarter of 2017 the Mortgage Bankers Association (MBA) is back with a roundup of those measures for the entire year. The news didn't get any better. MBA said that per-loan profits for 2017 were $711, only slightly more than half the $1,346 in profits reported in 2016. The full year average for 2016 topped that of any single quarter in 2017. "Production profits dropped by almost half in 2017 as rate-term refinancings diminished and the overall average production volume dropped," said Marina Walsh, MBA's Vice President of Industry Analysis. The year started out with a net gain of only $224 in the first quarter but recovered in the second quarter to $1,122 as a reprieve from rising rates boosted

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/17/3321

Why Are Consumers Leaving Money On The Table?

One call could save you $1,500. More

from
http://www.freddiemac.com/research/insight/20180417_consumers_leaving_money.html?attr=rssEHR

Homes Sold Faster than Ever in 2017

Shrinking inventory limits options for buyers this home shopping season, leading to more competition

from
http://zillow.mediaroom.com/2018-04-17-Homes-Sold-Faster-than-Ever-in-2017

The Offer - Show 479

Real Estate Today Radio - SHOW 479

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

This Week's Show Includes:
- Top News Of The Week
- Get it in Writing
- Evaluating the Offer
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Builder Confidence Dips, But Still Near All-Time Highs; Rates Unchanged After Starting Higher

Mortgage rates began the day at higher levels, as bond markets lost ground overnight. Bonds dictate rates, and "losing ground" means bond prices are falling. When bond prices fall, rates move higher. There's some chatter in the marketplace about developments in Syria being the motivation for every little move in bonds/rates. Rather, it's more accurate to say it's ONE OF the motivations behind SOME of the moves. Bonds had a few other concerns overnight. That's why they were able to improve during domestic hours even though nothing changed with respect to Syria. As bonds improved, most lenders ended up releasing positively-revised rate sheets. After the revisions, today's mortgage rates ended up in substantially similar territory to last Friday's. Lenders who didn't reprice are naturally still

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/16/3319

Which Remodeling Personality Type Are You?

What’s your home improvement persona: The Sensible Improver, the Project Planner, the Reliable Renovator, the Visionary, or the Extrovert? View this infographic from the Home Projects Council to learn the five main home remodeling personality types.

from
http://styledstagedsold.blogs.realtor.org/2018/04/16/which-remodeling-personality-type-are-you/

OIG Says FHFA Needs Improvement, Lots of It; Rates Rise Despite Market Improvement

Mortgage rates were slightly higher for most lenders today even though underlying bond markets suggested the opposite. This is partly a timing issue. Yesterday saw bond markets weaken throughout the day. Weaker bonds imply higher rates. After a certain amount of weakness, mortgage lenders will adjust rates and re-issue new rate sheets (aka a "negative reprice"). Many lenders did this yesterday, but not all of them. Even among the group that repriced, most of them did so earlier in the afternoon and bonds continued to weaken through the end of the day. The net effect of all of the above is that most lenders had some catching up to do with bond market weakness that they hadn't fully accounted for yesterday. Those that didn't merely kept rates roughly unchanged. Intraday volatility was, once again

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/13/3317

Tax Cut Effects on Housing Still Debatable; Home Sales Seen Rising; Rates Bounce Back

As Americans are nearing the deadline to file their 2017 federal income tax return, what this will put on their 2018 return is still open to debate. The effects of the Tax Cuts and Jobs Act, passed by Congress in December was, in the words of CoreLogic's chief economist Frank Nothaft, "the largest change to the U.S. tax code in more than three decades ," one that "has touched every person and industry." He recently looked at how it might affect tax-related housing decisions made by families. The bill, he says, has lowered personal income taxes in the aggregate, but not necessarily for every taxpayer. An increase in after-tax income does increase, at least in general, the amount spent on shelter and thus the likelihood of being a homeowner - what economists call the 'income effect." This should

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/12/3315

Rates Down to 2-Month Lows; Housing Not Doomed to Repeat Past; Applications Decline

Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes with the only difference being a slight adjustment in upfront costs/credits. We'd been waiting somewhat eagerly for today's Consumer Price Index (CPI)--a key inflation report with a consistent track record (at least in the past year) of causing movement for rates. When CPI is stronger than expected, rates tend to rise. When it's weaker, rates fall--all other things being equal. Today's CPI came out largely in line with expectations. The important "Core" number showed annual inflation right in line with the 2.1% forecast. In other words, our big potential

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/11/3313

Rates Still Sideways Ahead of Key Inflation Data; Delinquencies Down, but TX/FL Still Coping

Mortgage rates roughly unchanged again today. Some lenders were slightly higher in rate, but not enough to affect the average. Underlying bond markets (which dictate rates) have been eerily calm so far this week, ostensibly with an eye on tomorrow morning's big inflation report. As we discussed yesterday, this is one of the biggest potential motivations for rates in terms of economic data. If inflation comes in much higher than expected, rates should also move higher. Vice versa if inflation comes in weaker. Loan Originator Perspective I continue to find very little benefit with floating in today's market. Bonds are currently just below 2.80, so at the bottom of the range that has held up for quite some time from 2.80 to around 2.90. All attempts for bonds to break 2.80 are quickly met with

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/10/3311

Survey Shows Strong Up-Swing in Home Purchase Attitude; Rates Steady, But Volatility on Horizon

If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the penny, reversed the increase in the index from December to January. Despite the recent spate of ups and downs, the HPSI is 3.8 points higher than the March level in 2017. The HPSI's internal numbers were even crazier. Three of the six components that go into the HPSI number increased while the two that were unchanged were those dealing with personal finances rather than the housing market. The increase in the index was driven by a sharp

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/9/3309

How Big a Difference Do Restricted Rents Make?

Multifamily explores how the rapid rise in rents over the past several years has hit lower-income renters hard. More

from
http://www.freddiemac.com/research/insight/20180411_how_big_a_difference.html?attr=rssEHR

The Offer - Show 479

Real Estate Today Radio - SHOW 479

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

This Week's Show Includes:
- Top News Of The Week
- Get it in Writing
- Evaluating the Offer
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Zillow Expands Instant Offers to Phoenix; Will Work with Agents to Test Buying and Selling Homes Directly

Brokerages West USA, Berkshire Hathaway HomeServices Arizona & Nevada Properties, and Coldwell Banker Premier Realty partner with Zillow in expanded test in Las Vegas and Phoenix; Zillow Group provides select preliminary first quarter financial results and updated full-year 2018 outlook

from
http://zillow.mediaroom.com/2018-04-12-Zillow-Expands-Instant-Offers-to-Phoenix-Will-Work-with-Agents-to-Test-Buying-and-Selling-Homes-Directly

Black Homebuyers Could Afford 55 Percent of U.S. Homes for Sale in 2017

Buyers overall could afford 74 percent of available homes last year

from
http://zillow.mediaroom.com/2018-04-11-Black-Homebuyers-Could-Afford-55-Percent-of-U-S-Homes-for-Sale-in-2017

Homes "Earn" Minimum Wage or More in Nearly Half the Nation's Largest Cities

In 24 of the 50 largest U.S. cities, home value appreciation per working-hour is higher than local minimum wage, but renters are struggling just to come up with enough money to break into the market

from
http://zillow.mediaroom.com/2018-04-09-Homes-Earn-Minimum-Wage-or-More-in-Nearly-Half-the-Nations-Largest-Cities

Tax Cut Effects on Housing Still Debatable; Home Sales Seen Rising; Rates Bounce Back

As Americans are nearing the deadline to file their 2017 federal income tax return, what this will put on their 2018 return is still open to debate. The effects of the Tax Cuts and Jobs Act, passed by Congress in December was, in the words of CoreLogic's chief economist Frank Nothaft, "the largest change to the U.S. tax code in more than three decades ," one that "has touched every person and industry." He recently looked at how it might affect tax-related housing decisions made by families. The bill, he says, has lowered personal income taxes in the aggregate, but not necessarily for every taxpayer. An increase in after-tax income does increase, at least in general, the amount spent on shelter and thus the likelihood of being a homeowner - what economists call the 'income effect." This should

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/12/3315

Rates Down to 2-Month Lows; Housing Not Doomed to Repeat Past; Applications Decline

Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes with the only difference being a slight adjustment in upfront costs/credits. We'd been waiting somewhat eagerly for today's Consumer Price Index (CPI)--a key inflation report with a consistent track record (at least in the past year) of causing movement for rates. When CPI is stronger than expected, rates tend to rise. When it's weaker, rates fall--all other things being equal. Today's CPI came out largely in line with expectations. The important "Core" number showed annual inflation right in line with the 2.1% forecast. In other words, our big potential

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/11/3313

Rates Still Sideways Ahead of Key Inflation Data; Delinquencies Down, but TX/FL Still Coping

Mortgage rates roughly unchanged again today. Some lenders were slightly higher in rate, but not enough to affect the average. Underlying bond markets (which dictate rates) have been eerily calm so far this week, ostensibly with an eye on tomorrow morning's big inflation report. As we discussed yesterday, this is one of the biggest potential motivations for rates in terms of economic data. If inflation comes in much higher than expected, rates should also move higher. Vice versa if inflation comes in weaker. Loan Originator Perspective I continue to find very little benefit with floating in today's market. Bonds are currently just below 2.80, so at the bottom of the range that has held up for quite some time from 2.80 to around 2.90. All attempts for bonds to break 2.80 are quickly met with

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/10/3311

Survey Shows Strong Up-Swing in Home Purchase Attitude; Rates Steady, But Volatility on Horizon

If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the penny, reversed the increase in the index from December to January. Despite the recent spate of ups and downs, the HPSI is 3.8 points higher than the March level in 2017. The HPSI's internal numbers were even crazier. Three of the six components that go into the HPSI number increased while the two that were unchanged were those dealing with personal finances rather than the housing market. The increase in the index was driven by a sharp

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/9/3309

Show Us Your Best Staging Photos!

Calling all stagers! Realtor Magazine is on the lookout for great examples of staging a space in some of today’s most popular home styles, from farmhouse chic to modern or contemporary. I’m looking for some real estate professionals and stagers who would be willing to show off some of their favorite staging styles.

If you have a great example of a home staged in one of the styles listed below, please contact Melissa Dittmann Tracey at mtracey@realtors.org. Share with us a room photo and some of the staging accessories you used to enhance the look. We’ll be sharing some of our favorite submissions in an upcoming guide at Realtor Magazine online.

Design Styles for Staging Photos

• Modern
• Farmhouse chic
• Rustic
• Beach house
• Industrial
• Traditional

from
http://styledstagedsold.blogs.realtor.org/2018/04/13/show-us-your-best-staging-photos/

The Offer - Show 479

Real Estate Today Radio - SHOW 479

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

This Week's Show Includes:
- Top News Of The Week
- Get it in Writing
- Evaluating the Offer
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Indianapolis Cultural Trail launches food tours with stops at Milktooth, Bluebeard, Cafe Patachou, others

Participants will get a chance to sample food and interact with chefs and owners at a selection of restaurants and other culinary establishments in and near downtown.

from
https://www.ibj.com/blogs/19-property-lines/post/68390-indianapolis-cultural-trail-launches-food-tours-with-stops-at-milktooth-bluebeard-cafe-patachou-others

Rates Down to 2-Month Lows; Housing Not Doomed to Repeat Past; Applications Decline

Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes with the only difference being a slight adjustment in upfront costs/credits. We'd been waiting somewhat eagerly for today's Consumer Price Index (CPI)--a key inflation report with a consistent track record (at least in the past year) of causing movement for rates. When CPI is stronger than expected, rates tend to rise. When it's weaker, rates fall--all other things being equal. Today's CPI came out largely in line with expectations. The important "Core" number showed annual inflation right in line with the 2.1% forecast. In other words, our big potential

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/11/3313

Rates Still Sideways Ahead of Key Inflation Data; Delinquencies Down, but TX/FL Still Coping

Mortgage rates roughly unchanged again today. Some lenders were slightly higher in rate, but not enough to affect the average. Underlying bond markets (which dictate rates) have been eerily calm so far this week, ostensibly with an eye on tomorrow morning's big inflation report. As we discussed yesterday, this is one of the biggest potential motivations for rates in terms of economic data. If inflation comes in much higher than expected, rates should also move higher. Vice versa if inflation comes in weaker. Loan Originator Perspective I continue to find very little benefit with floating in today's market. Bonds are currently just below 2.80, so at the bottom of the range that has held up for quite some time from 2.80 to around 2.90. All attempts for bonds to break 2.80 are quickly met with

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/10/3311

Survey Shows Strong Up-Swing in Home Purchase Attitude; Rates Steady, But Volatility on Horizon

If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the penny, reversed the increase in the index from December to January. Despite the recent spate of ups and downs, the HPSI is 3.8 points higher than the March level in 2017. The HPSI's internal numbers were even crazier. Three of the six components that go into the HPSI number increased while the two that were unchanged were those dealing with personal finances rather than the housing market. The increase in the index was driven by a sharp

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/9/3309

Weak NFP Helps Bonds Break Key Floor; Mortgage Rates Near 2-Month Lows After Jobs Report

It would be hard to have any discussion about important technical levels in 10yr Treasury yields recently without 2.79-2.80% coming up early and often. This pivot point acted as a firm floor throughout March, finally giving way at the end of the month as trade war volatility worked its way through markets. Stocks recovered earlier this week and bonds tagged along, moving back up and over 2.80% as of Wednesday. Bonds ended up abstaining from any serious trading yesterday, but managed to hang out close enough to 2.80% to make today interesting. Fortunately, it ended up being interesting in good way for rates/bonds/originators--even if only modestly. Stocks started the overnight session losing ground on trade war rhetoric out of China. The losses were fairly well contained, but they were enough

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/6/3305

Zillow Expands Instant Offers to Phoenix; Will Work with Agents to Test Buying and Selling Homes Directly

Brokerages West USA, Berkshire Hathaway HomeServices Arizona & Nevada Properties, and Coldwell Banker Premier Realty partner with Zillow in expanded test in Las Vegas and Phoenix; Zillow Group provides select preliminary first quarter financial results and updated full-year 2018 outlook

from
http://zillow.mediaroom.com/2018-04-12-Zillow-Expands-Instant-Offers-to-Phoenix-Will-Work-with-Agents-to-Test-Buying-and-Selling-Homes-Directly

Conner's Kitchen + Bar part of Marriott Indianapolis Downtown's new restaurant lineup

A second new establishment, Rye Bar, opens at the Marriott Monday. Also: Wings Etc., Bell Helmets, Macy's, Kate Spade

from
https://www.ibj.com/blogs/19-property-lines/post/68363-property-lines-template

Rates Down to 2-Month Lows; Housing Not Doomed to Repeat Past; Applications Decline

Mortgage rates technically hit the lowest levels in 2 months today. The catch is that they were already pretty close and that today's improvement wasn't necessarily that big. In fact, most borrowers will see the same interest rate in today's quotes with the only difference being a slight adjustment in upfront costs/credits. We'd been waiting somewhat eagerly for today's Consumer Price Index (CPI)--a key inflation report with a consistent track record (at least in the past year) of causing movement for rates. When CPI is stronger than expected, rates tend to rise. When it's weaker, rates fall--all other things being equal. Today's CPI came out largely in line with expectations. The important "Core" number showed annual inflation right in line with the 2.1% forecast. In other words, our big potential

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/11/3313

How Big a Difference Do Restricted Rents Make?

Multifamily explores how the rapid rise in rents over the past several years has hit lower-income renters hard. More

from
http://www.freddiemac.com/research/insight/20180411_how_big_a_difference.html?attr=rssEHR

Black Homebuyers Could Afford 55 Percent of U.S. Homes for Sale in 2017

Buyers overall could afford 74 percent of available homes last year

from
http://zillow.mediaroom.com/2018-04-11-Black-Homebuyers-Could-Afford-55-Percent-of-U-S-Homes-for-Sale-in-2017

Rates Still Sideways Ahead of Key Inflation Data; Delinquencies Down, but TX/FL Still Coping

Mortgage rates roughly unchanged again today. Some lenders were slightly higher in rate, but not enough to affect the average. Underlying bond markets (which dictate rates) have been eerily calm so far this week, ostensibly with an eye on tomorrow morning's big inflation report. As we discussed yesterday, this is one of the biggest potential motivations for rates in terms of economic data. If inflation comes in much higher than expected, rates should also move higher. Vice versa if inflation comes in weaker. Loan Originator Perspective I continue to find very little benefit with floating in today's market. Bonds are currently just below 2.80, so at the bottom of the range that has held up for quite some time from 2.80 to around 2.90. All attempts for bonds to break 2.80 are quickly met with

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/10/3311

Survey Shows Strong Up-Swing in Home Purchase Attitude; Rates Steady, But Volatility on Horizon

If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the penny, reversed the increase in the index from December to January. Despite the recent spate of ups and downs, the HPSI is 3.8 points higher than the March level in 2017. The HPSI's internal numbers were even crazier. Three of the six components that go into the HPSI number increased while the two that were unchanged were those dealing with personal finances rather than the housing market. The increase in the index was driven by a sharp

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/9/3309

Homes "Earn" Minimum Wage or More in Nearly Half the Nation's Largest Cities

In 24 of the 50 largest U.S. cities, home value appreciation per working-hour is higher than local minimum wage, but renters are struggling just to come up with enough money to break into the market

from
http://zillow.mediaroom.com/2018-04-09-Homes-Earn-Minimum-Wage-or-More-in-Nearly-Half-the-Nations-Largest-Cities

Hot Home Trend: Double-Pocket Doors That Make a Statement

By Melissa Dittmann Tracey, REALTOR(R) Magazine

Pocket doors are not only getting a chic makeover in recent years, but they really can be key to solving some design challenges in small spaces too. And for the “wow” factor, try a double-pocket door.

Pocket doors are those that slide right into the wall when opened. It’s like they were never there. You don’t have to account for a door swing like a normal door, which is a bonus in areas tight on space.

Pocket doors are hardly new. They’ve been around for ages. But they did once suffer from an image of looking flimsy and cheap.

That’s not today’s pocket door. The double-pocket pocket door has doors that slide open from either side, tucking into their corresponding wall.

There are many styles to choose from. For example, an all-white French door one with glass window panes allow more brightness and can dress up the doorway even when you want to close off a space.  Or, there also are some double-pocket doors that can stretch all the way to the ceiling for some added drama.

Pocket doors can be a great solution to section off closets, bathrooms, laundry rooms, or a home’s study. They also can add more privacy to a home with an expansive open floorplan. After all, the one growing gripe from homeowners with open floorplans is that their floorplans at time feel too open. The double-pocket door just may be one stylish solution to help solve that problem. And when the doors are tucked into the wall, you may never even known it was there.

Photo by Hansen Architects, P.C. – Look for dining room pictures

Photo by Finecraft Contractors, Inc. – Discover home office design ideas

Photo by Blanchard Ltd – Browse kitchen photos

Photo by Visbeen Architects – Browse bedroom ideas

Photo by Anthony Lindsey Photography – Discover hallway design ideas

from
http://styledstagedsold.blogs.realtor.org/2018/04/09/hot-home-trend-double-pocket-doors-that-make-a-statement/

Weak NFP Helps Bonds Break Key Floor; Mortgage Rates Near 2-Month Lows After Jobs Report

It would be hard to have any discussion about important technical levels in 10yr Treasury yields recently without 2.79-2.80% coming up early and often. This pivot point acted as a firm floor throughout March, finally giving way at the end of the month as trade war volatility worked its way through markets. Stocks recovered earlier this week and bonds tagged along, moving back up and over 2.80% as of Wednesday. Bonds ended up abstaining from any serious trading yesterday, but managed to hang out close enough to 2.80% to make today interesting. Fortunately, it ended up being interesting in good way for rates/bonds/originators--even if only modestly. Stocks started the overnight session losing ground on trade war rhetoric out of China. The losses were fairly well contained, but they were enough

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/6/3305

How to Invest in Real Estate - Show 478

Real Estate Today Radio - SHOW 478

On this week's Real Estate Today, it's our special show "How to Invest in Real Estate."

This Week's Show Includes:
- Top News Of The Week
- Income Streams
- Seeing Your Investment Grow
- Hot Or Not
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Black Eye, an Asian-themed takeout place, to open in Fountain Square

The eatery, which will focus on ramen, rice bowls and banh mi sandwiches, is owned by husband-and-wife team Kari Nickander and Adam Perry.

from
https://www.ibj.com/blogs/19-property-lines/post/68281-black-eye-an-asian-themed-takeout-place-to-open-in-fountain-square

Lenders Tightening Credit Access; Renters Losing Interest in Ownership?

Mortgage credit access tightened for the second straight month in March. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) declined 1.5 percent to 177.9 compared to February and has lost 5.0 points since January. The Index was benchmarked at 100 in March 2012. All four of the component indices were down, with the Government MCAI taking the biggest hit, down 2.1 percent. The Conventional MCAI was down 0.8 percent as was one of its sub-indices, the Conforming index. The second component of the Conventional MCAI, the Jumbo index , was down 0.7 percent. Joel Kan, MBA's Association Vice President of Research and Economics said, "Mortgage credit availability decreased in March driven by both conventional and government loan programs. The government MCAI saw

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/5/3303

Former Big Al's Superstore space being rehabbed for tap room, other tenants

The building, at the northeast corner of 46th Street and College Avenue in the Meridian-Kessler neighborhood, will house three or four businesses, including Scarlet Lane Brewing.

from
https://www.ibj.com/blogs/19-property-lines/post/68258-taproom-other-tenants-coming-to-former-big-als-superstore-space

Rates Still Solid Despite Warning Signs; Mortgage Applications End March on Sour Note

Mortgage rates were sideways to slightly lower today, depending on the lender. That presents something of an opportunity because underlying bond markets have been suggesting a move in the other direction over the past few days. In other words, the bonds that underlie mortgage rates have weakened, but rates themselves are stable or stronger. Much of this paradox has to do with the time of day that lenders generate their rate sheets. For example, if rate sheets were updated in real time, we might be seeing slightly higher rights this afternoon. With all of the above in mind, today's relatively lower rates are compelling for those who are in a position to lock. If nothing changes about underlying markets by tomorrow morning, most lenders will likely be slightly worse off. Of course, "worse" is

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/4/3301

New Research Finds Increasing Preference for Renting

New research by Freddie Mac reveals that despite growing economic confidence among renters, affordability remains dominant in driving renter behavior. More

from
http://www.freddiemac.com/research/consumer-research/20180404_preference_for_renting.html?attr=rssEHR

Homes with 'Heated Floors,' 'Steam Showers,' or 'Outdoor Kitchens' Sell for Nearly 30 Percent More than Expected

For-sale listings touting spa-inspired bathroom features or entertainer-friendly kitchen amenities sell for more money than expected, according to Zillow analysis

from
http://zillow.mediaroom.com/2018-04-04-Homes-with-Heated-Floors-Steam-Showers-or-Outdoor-Kitchens-Sell-for-Nearly-30-Percent-More-than-Expected

Unwillingness to Refi or Sell Despite High Equity; CFPB Structure Change; Prices Defying Predictions

The amount of equity available for tapping by homeowners hit a new recent high in February . Meanwhile, mortgage prepayment rates (how quickly owners are refinancing or selling) fell to the lowest levels since early 2014. Black Knight's Mortgage Monitor , which focuses on details of mortgage performance during the months, looked at these two aspects of that performance as well as updating hurricane related delinquencies four and five months after Harvey and Irma wreaked havoc in Texas and Florida. Loan prepayments or the SMM (Single Month Mortality) rate hit a four-year low during the month. In fact, only three months over the last 15 years have had a lower rate of paydowns and payoffs, September and November 2008, just as the housing downturn was reaching crisis levels, and February 2014,

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/3/3299

Mortgage Rates Begin April Near 2-Month Lows; Construction Spending Stalls

Mortgage rates moved lower today as underlying bond markets generally followed a much bigger move in stocks. It's a common misconception that stocks and bond yields ("rates," for all intents and purposes) follow one another. They certainly CAN move in the same direction at the same time during certain times of the day, but it's not the sort of correlation to count on. That said, the stock/bond relationship was certainly a factor today. The only catch was that it took quite a bit of stock market weakness to generate a merely noticeable move in bond markets and, hence, interest rates. Still, with rates already fairly close to recent lows and with lenders generally holding back ahead of the extended holiday weekend, all it took was that modest improvement in bond markets for mortgage rates to

from
http://www.mortgagenewsdaily.com/reports/newsletter/2018/4/2/3297

Light it Up: Add a Party Vibe to Your Outdoor Staging

By Melissa Dittmann Tracey, REALTOR® Magazine

Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the lights used at an outdoor street fair.

Homeowners are draping them across the top of their pergola, or along their back deck. Some owners may stretch them above and across their yard to create a canopy of lights.

Watch out that they don’t become an eyesore during the daytime. The glow at night are when these lights shine. Tuck them into the top of a pergola. Or, for a photo op, drape them temporarily across a courtyard. Take a picture of it at dusk for a listing photo that shows off the entertainment space of a backyard.

Or, string the lights to illuminate the backyard during a twilight open house. Check out how these designers used them.

Photo by – Discover patio design inspiration

Photo by The Cousins – Look for deck design inspiration

Photo by kbcdevelopments – Search patio pictures

Photo by PaveStone Brick Paving Inc. – Discover patio design ideas

from
http://styledstagedsold.blogs.realtor.org/2018/04/02/add-a-party-vibe-to-your-outdoor-staging/