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

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