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Thirty-Year Mortgages Hit Low of 3.84 Percent | Mortgage News | Daily National and State Headlines

Thirty-Year Mortgages Hit Low of 3.84 Percent | Mortgage News | Daily National and State Headlines | Real Estate Plus+ Daily News | Scoop.it
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates finding new all-time record lows, as the 30-year fixed-rate mortgage (FRM) averaged 3.84 percent, with an average 0.8 point for...
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Real Estate Related News Plus Miscellaneous Tech Stories and News of Interest
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Black Knight Financial Services' First Look at February Mortgage Data: Prepayment Activity Continues to Decline, Down 40 Percent So Far in 2017

Black Knight Financial Services' First Look at February Mortgage Data: Prepayment Activity Continues to Decline, Down 40 Percent So Far in 2017 | Real Estate Plus+ Daily News | Scoop.it
The Data & Analytics division of Black Knight Financial Services, Inc. (BKFS) reports the following "first look" at February 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
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New home sales surge, beat expectations in February

New home sales surge, beat expectations in February | Real Estate Plus+ Daily News | Scoop.it
Sales of new single-family homes increased to a seasonally adjusted annual rate of 592,000 in February, the report showed. This is an increase of 6.1% from January’s 558,000, and an increase of 12.8% from 525,000 in February last year.
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Apple has acquired Workflow, a powerful automation tool for iPad and iPhone

Apple has acquired Workflow, a powerful automation tool for iPad and iPhone | Real Estate Plus+ Daily News | Scoop.it
Apple has finalized a deal to acquire Workflow today — a tool that lets you hook together apps and functions within apps in strings of commands to automate tasks. We’ve been tracking this one for a while but were able to confirm just now that the ink on the deal is drying as we speak.
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NAR - Existing-Home Sales Stumble in February

NAR - Existing-Home Sales Stumble in February | Real Estate Plus+ Daily News | Scoop.it
Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, retreated 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February from 5.69 million in January. Despite last month's decline, February's sales pace is still 5.4 percent above a year ago.
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Illinois home prices increase in February; sales lower amid tight inventory

Illinois home prices increase in February; sales lower amid tight inventory | Real Estate Plus+ Daily News | Scoop.it
Median home prices in Illinois rose 6.3 percent in February over previous-year levels while statewide home sales decreased 2.8 percent for the same period, according to Illinois REALTORS®.
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Retina-imaging camera does away with those darn eye drops

Retina-imaging camera does away with those darn eye drops | Real Estate Plus+ Daily News | Scoop.it
When it comes to eye exams, nobody likes getting the pupil-dilating eye drops. Not only do they sting, but they can also take a while to work, plus they leave patients with blurry vision for hours afterwards.
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Microsoft's web services have been hit with a major outage

Microsoft's web services have been hit with a major outage | Real Estate Plus+ Daily News | Scoop.it
Microsoft's online services, including Xbox Live, Outlook.com, Hotmail, Office 365, the Windows Store, OneDrive, and more, were hit with what appears to be a nationwide outage on Tuesday afternoon.
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A Home Loan for Doctors? Yup, Physicians Get Their Own Mortgage

A Home Loan for Doctors? Yup, Physicians Get Their Own Mortgage | Real Estate Plus+ Daily News | Scoop.it
t’s called, quite simply, a physician loan—and it’s a welcome relief to many doctors, given newly minted physicians graduate with an average $180,000 in medical school debt, according to a 2016 report by the Association of American Medical Colleges.
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It's time to face the ugly reality of face recognition

It's time to face the ugly reality of face recognition | Real Estate Plus+ Daily News | Scoop.it
Technology has enabled a large number of new biometric identification systems that use fingerprints, iris scans, wrist vein scans, voice recognition and face recognition. But when it comes to the potential for privacy invasion, however, these various approaches are not equal.
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US authorities ban electronics larger than a phone from flights from 13 countries

US authorities ban electronics larger than a phone from flights from 13 countries | Real Estate Plus+ Daily News | Scoop.it
U.S. authorities today alerted a number of Middle Eastern and African airlines that starting soon, their passengers will have to check any electronic items larger than a cell phone. That means passengers on these flights will have to put their laptops, tablets, Kindles and portable game consoles into their checked baggage for the foreseeable future.
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No clerks required in world's first unmanned convenience store

No clerks required in world's first unmanned convenience store | Real Estate Plus+ Daily News | Scoop.it
Innovative Swedish company Wheelys is opening up the world's first app-controlled, staff-free convenience store in Shanghai. Accessible 24 hours a day, seven days a week, the prototype store is designed to make it cheaper and easier for small businesses to get into the retail game.
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7 Ways To Get Ready For Retirement If You're 50 And Haven't Started Saving

7 Ways To Get Ready For Retirement If You're 50 And Haven't Started Saving | Real Estate Plus+ Daily News | Scoop.it
“While many consumers now know to be wary of calls claiming to be from the IRS or offering a free cruise that seems too good to be true, the latest threat comes disguised in the form of the utility companies that we trust to provide our basic services, like gas and electricity.”
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February Home Sales Forecast: Supply-side Woes Continue 

February Home Sales Forecast: Supply-side Woes Continue  | Real Estate Plus+ Daily News | Scoop.it
Zillow expects February existing home sales, as reported March 22 by the National Association of Realtors, to total 5.49 million units at a seasonally adjusted annual rate (SAAR), down 3.6 percent from a strong January, but still well above a year ago (figure 1).
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Freddie Mac creates automated option for homebuyers without credit score

Freddie Mac creates automated option for homebuyers without credit score | Real Estate Plus+ Daily News | Scoop.it
Now, lenders can use automated assessments, enabling them to serve potential homebuyers more efficiently and with greater certainty that the loan will be purchased by Freddie Mac.
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Why Millennial Buyers Are Swiping Left On Your Home

Why Millennial Buyers Are Swiping Left On Your Home | Real Estate Plus+ Daily News | Scoop.it
They want it fast, they want it easy, and it better be perfect. That pretty much sums up the typical millennial homebuyer today. So, if that's your target and your house isn't pristine, they're going to move on to one that is. So how do you make your home swipeable? It's easy, really.
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NYS home sales reach second highest February total

NYS home sales reach second highest February total | Real Estate Plus+ Daily News | Scoop.it
Winter 2017 home sales remained strong during February with the 7,391 closings representing the second highest total for the month, according to the housing market report released today by the New York State Association of REALTORS®. The January statewide median sales price of $242,000 represents an increase of 4.3 percent from a year ago.
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February pending home sales and Market Pulse Survey

February pending home sales and Market Pulse Survey | Real Estate Plus+ Daily News | Scoop.it
Based on signed contracts, statewide pending home sales decreased in February on a seasonally adjusted basis, with the Pending Home Sales Index (PHSI)* declining 2.6 percent from 113.5 in February 2016 to 110.6 in February 2017, marking the weakest February in three years. On a monthly basis, California pending home sales were up 3.2 percent from the January index of 107.2. 
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Google Maps will let you share your location with friends and family for a specific period of time

Google Maps will let you share your location with friends and family for a specific period of time | Real Estate Plus+ Daily News | Scoop.it
Google Maps has today announced a new feature to allow you to share your location with others. While that might seem creepy, it’s not the first to add this type of functionality. Facebook tells you when a friend is nearby – it even lets you “wave” at them and gives you the option to send a message if they holler back. F
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Realtor.com® Names Top Cities for Millennials

Realtor.com® Names Top Cities for Millennials | Real Estate Plus+ Daily News | Scoop.it
High job growth in markets such as Orlando, Seattle, and Miami, and the power of affordability in places like Albany and Buffalo are making these markets magnets for millennials." said Javier Vivas, manager of economic research for realtor.com®. "But what really stands out is that all these markets already have large numbers of millennials, which translates into strong populations of millennial home buyers."
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30 Years Ago: A Look Back at 1987

30 Years Ago: A Look Back at 1987 | Real Estate Plus+ Daily News | Scoop.it
Three decades ago, the long-fought Iran-Iraq war had reached a deadly stalemate, the stock markets took a huge hit on Black Monday in October, American politicians were gearing up for the 1988 presidential race, Baby Jessica was rescued from a well, broadcast live on CNN, and much more.
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New weapon in Airbnb battle: Nixing the homestead exemption

New weapon in Airbnb battle: Nixing the homestead exemption | Real Estate Plus+ Daily News | Scoop.it
Property owners "need to be aware that upon renting their property or portions of their property through homesharing or collaborative consumption companies such as AirBnB, may be committing Homestead Fraud and are subject to lose their exemption, plus a 50 percent penalty and 15 percent interest," reads the flier. "Stay informed!"
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Here's everything Apple announced this morning

Here's everything Apple announced this morning | Real Estate Plus+ Daily News | Scoop.it
From glamorous red iPhones to cheap new iPads, the California tech company unveiled updates, refreshes, and accessories for many of its product lines.
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Rising Rates Outweigh Influence of Economic Momentum on Market Potential

Rising Rates Outweigh Influence of Economic Momentum on Market Potential | Real Estate Plus+ Daily News | Scoop.it
Steady income and job growth combined with increased building permit activity has increased the market potential for home sales on an annual basis,” said Mark Fleming, chief economist at First American. “Demand from Millennials and first-time homebuyers remains robust despite the strong spring sellers’ market and rising rates, resulting in a shrinking underperformance gap, as the market aligns with its potential.
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Closing Times Are Speeding Up

Closing Times Are Speeding Up | Real Estate Plus+ Daily News | Scoop.it
Conventional loans commanded 63 percent of the market share, compared to 66 percent in January, according to Ellie Mae’s report. The FHA increased its market share by 2 percentage points to 23 percent, and VA loans rose by 1 percentage point to 10 percent.
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Homebuyers Face Bidding Wars on Scarcer-Than-Ever U.S. Listings

Homebuyers Face Bidding Wars on Scarcer-Than-Ever U.S. Listings | Real Estate Plus+ Daily News | Scoop.it
It’s the 2017 U.S. spring home-selling season, and listings are scarcer than they’ve ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area, Denver and Boston are now also prevalent in the once slow-and-steady heartland, sending prices higher and sparking desperation among buyers across the country.
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