Federal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real Estate Brokers (NAREB) on its five-year goal of creating two million new Black homeowners. The numbers don't lie, Watt said. In 2004 African Americans had a homeownership rate of almost 50 percent. This year the rate is down to 42 percent, a lmost back to 1994 levels . "Because equity in homes has always represented a major part of African American assets, the impact of the economic and foreclosure crisis on African American wealth has been substantial." There are the well-known historical reasons for low homeownership rates among African American households, he said, including disproportionate unemployment and under-employment, low and stagnant wages, non-existent and depleted
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/8/2/2919
Wednesday, August 2, 2017
Watercolors on Walls? You Bet!
By Melissa Dittmann Tracey, REALTOR® Magazine
Want to make a bigger statement with a wall? Watercolor wallpaper can add some pizzazz and wispiness to an otherwise blah wall in the home.
Pinterest called watercolor wallpaper one of the hottest trends that emerged from its home design survey in the U.K., in which the site analyzed user data from May 2016 to May 2017 to see the most popular “pins.” More homeowners seem to want to know more about watercolor wallpaper, as it was among one of the most pinned trends in home design.
It can be chic with an abstract design in one or two colors. It can add a soft colorful dimension to a wall.
But instead of leaving this job to a DIY job channeling your old grade-school watercolor skills, you can now get the effect in wallpaper to get your design just right.
Check out some pins about it at Pinterest.
Here are some photos from Houzz showing off some watercolor wallpaper:
from
http://feedproxy.google.com/~r/StyledStagedSold/~3/o3RSuYVV9pE/
Tuesday, August 1, 2017
Rates Trickle to 1-Month Lows; Multifam a Drag on Construction; Prices Rising Too Fast
Mortgage rates continued lower today, matching the best levels in just over a month. Prospective borrowers are increasingly seeing conventional 30yr fixed quotes in the high 3% range on top tier scenarios, though 4.00% is still more prevalent overall. Consumer rates are dictated by movement in underlying bond markets. The first day of any given month can occasionally see bigger moves in bond markets as some of the biggest investors are able to make changes in their holdings that they weren't able to make until the previous month ended. It's as if July's "final answers" were locked in and now August marks the start of the next round of questions. On a simpler note, GM posted a sharp decline in auto sales this morning. This builds a case for economic weakness, leading more traders to seek safer
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/8/1/2917
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/8/1/2917
Monday, July 31, 2017
Roundup: Broad Ripple T-shirt shop adding Carmel store; Stompin Barley opens
Plus: New places for chicken and popcorn downtown, another Stacked Pickle location, and an expansion by Biscuits Cafe.
from
https://www.ibj.com/blogs/3-property-lines/post/64768-roundup-broad-ripple-t-shirt-shop-expanding-to-carmel-stompin-barley-opens-in-the-burb
from
https://www.ibj.com/blogs/3-property-lines/post/64768-roundup-broad-ripple-t-shirt-shop-expanding-to-carmel-stompin-barley-opens-in-the-burb
Pending Sales Increase is 1st in 4 Months; Price Index Wavering; Rates Modestly Lower
Pending home sales recovered from a three-month swoon in June, increasing 1.5 percent in June. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) rose to 110.2. NAR also revised the May PHSI up slightly, from 108.5 to 108.6. The index in June was 0.5 percent higher than a year earlier. NAR said it was the first time the Index ran higher on an annual basis since last March. The Index is a forward-looking indicator based on contracts for existing home purchases. Those contracts are generally expected to result in completed transactions in about two months. Analysts were expecting an increase in contract signings, although at a more modest level. The index came in at the top of predictions from those polled by Econoday which ranged from 0.3 to 1.5 percent
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/7/31/2915
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/7/31/2915
Homeowners Can Spend More Than $9,000 a Year on Hidden Homeownership and Maintenance Costs
From property taxes to basic maintenance projects like lawn care, homeowners can spend between $7,000 and $16,000 a year in hidden homeownership costs
from
http://zillow.mediaroom.com/2017-07-31-Homeowners-Can-Spend-More-Than-9-000-a-Year-on-Hidden-Homeownership-and-Maintenance-Costs
from
http://zillow.mediaroom.com/2017-07-31-Homeowners-Can-Spend-More-Than-9-000-a-Year-on-Hidden-Homeownership-and-Maintenance-Costs
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