Saturday, November 11, 2017

Friday, November 10, 2017

Mortgage Rates Jump to 2-Week Highs; Not a Bubble if it Doesn't Burst

What a difference 2 days make! Freddie Mac's weekly rate survey was out yesterday prompting multiple news outlets to declare "slightly lower rates" on the week. Given that Freddie's survey only gathers responses through any given Wednesday, the results jived with what we were seeing on lenders' actual rate sheets. On Wednesday, mortgage rates were indeed at their best levels in more than 3 weeks. But after 2 days of relatively aprupt weakness, rates quickly find themselves at the highest levels in 2 weeks. Adding to the frustration is the absence of any single, obvious motivation for the weakness. In order to account for it, we'd have to discuss several esoteric developments in bond markets (if you're into that sort of thing, I go into more detail in the MBS Commentary channel). One simple

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/11/10/3083

Where We Stand - Show 457

Real Estate Today Radio - SHOW 457

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

This Week's Show Includes:
- Top News Of The Week
- What Tight Inventory Means to You - Part 1
- What Tight Inventory Means to You - Part 2
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

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

from
http://retradio.com

Homeownership is a Shared Value across Party Lines

The national homeownership rate is at its highest level since 2014, and a full percentage point above the historical low set in the second quarter of 2016

from
http://zillow.mediaroom.com/2017-11-10-Homeownership-is-a-Shared-Value-across-Party-Lines

One Fountain Square apartment project opening, another progressing

The five-story Forte on Shelby Street is set to welcome its first tenants next month, while the developer of a similar project five blocks east prepares to get under way.

from
https://www.ibj.com/blogs/3-property-lines/post/66209-one-fountain-square-apartment-project-opening-another-progressing

Home Buyers Need to Save up to $600 a Month -- Just to Keep Up with Rising Home Prices

Saving for a down payment is a moving target for many first-time buyers, especially in pricey markets like Seattle and San Jose, where home values are expected to rise as much as $36,000 over the next year

from
http://zillow.mediaroom.com/2017-11-09-Home-Buyers-Need-to-Save-up-to-600-a-Month-Just-to-Keep-Up-with-Rising-Home-Prices

Sun King adding sausage-centric restaurant to downtown brewery

Oca, which opens Friday, is operated by a familiar name and will feature a variety of house-made game, vegetarian and seafood sausages.

from
https://www.ibj.com/blogs/3-property-lines/post/66162-sun-king-adding-sausage-centric-restaurant-to-downtown-brewery