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Builder Confidence Surges in May

Builder Confidence Surges in May | Real Estate Plus+ Daily News | Scoop.it

Builder confidence at all levels of the homebuilding industry showed some of its strongest numbers in years in May, with both the Housing Market Index and the 55+ single-family Housing Market Index increasing. The indices, both of which are measured and released by the National Association of Home Builders (NAHB), reflected new levels of homebuilder optimism and greater interest from homebuyers.

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Pending Home Sales Maintain Momentum in May

Pending Home Sales Maintain Momentum in May | Real Estate Plus+ Daily News | Scoop.it
Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors®. Gains in the Northeast and West were offset by small decreases in the Midwest and South.
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REAL TRENDS ANNOUNCES 2015 THE THOUSAND

REAL TRENDS ANNOUNCES 2015 THE THOUSAND | Real Estate Plus+ Daily News | Scoop.it

Today, REAL Trends, Inc, in conjunction with The Wall Street Journal, published the 10th annual The Thousand list of America’s top 1,000 real estate sales professionals and teams. An abridged list of the designees is published in today’s The Wall Street Journal and a complete listing is available online at www.thethousandrealestateprofessionals.com.

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Rising Mortgage Rates Will Begin to Impact Home Sales by Mid-2016

Rising Mortgage Rates Will Begin to Impact Home Sales by Mid-2016 | Real Estate Plus+ Daily News | Scoop.it
But for homeowners currently locked in at a low rate, rising mortgage rates could represent a budgetary curveball should they decide to buy another home in coming years. Homeowners used to a certain monthly mortgage payment may balk at paying a higher amount per month in financing costs for a home roughly comparable to their current residence, to say nothing of a home that is more expensive.
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Black Knight: National delinquency rate up 4% from April

Black Knight: National delinquency rate up 4% from April | Real Estate Plus+ Daily News | Scoop.it
While the national delinquency rate rose 4% from April to 4.96%, it’s still down nearly 12% from last year, Black Knight’s May First Look report said.

Also, aside from the last two months, the national delinquency rate is still the lowest it’s been since the summer of 2007.
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CFPB changes TRID effective date — again

CFPB changes TRID effective date — again | Real Estate Plus+ Daily News | Scoop.it
The Consumer Financial Protection Bureau today issued a proposed amendment to the Know Before You Owe mortgage disclosure rule, which proposes to move the rule’s effective date to Oct. 3, 2015.
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Fannie Mae eliminates Desktop Underwriter fee

Fannie Mae eliminates Desktop Underwriter fee | Real Estate Plus+ Daily News | Scoop.it
“We want to continue to provide value to our lenders and we don’t want technology fees to get in the way of lenders using our technology to its full potential," said Andrew Bon Salle, executive vice president, single-family business at Fannie Mae. 
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Zillow says national ad campaign working well, now controls more than 50 percent of real estate searches

Zillow says national ad campaign working well, now controls more than 50 percent of real estate searches | Real Estate Plus+ Daily News | Scoop.it
Zillow Chief Marketing Officer Amy Bohutinsky said the company’s foray into television advertising is working well, and that the Seattle-based real estate company now commands more than 50 percent of all real estate visits across the category.
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Calif - May 2015 home sales and price report

Calif - May 2015 home sales and price report | Real Estate Plus+ Daily News | Scoop.it
• Existing, single-family home sales totaled 423,360 in May on a seasonally adjusted annualized rate, down 1.1 percent from April but up 8.9 percent from May 2014.
• Statewide sales were above 400,000 mark for second straight month.
• May statewide median home price was $485,830, up 0.8 percent from April and 4.4 percent from May 2014.
• California median price was the highest since November 2007.
• Available housing supply remains constrained with 3.5 months of inventory.
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Real Estate Becomes Local Again; National Trends Less Prevalent on a Market Level

Real Estate Becomes Local Again; National Trends Less Prevalent on a Market Level | Real Estate Plus+ Daily News | Scoop.it
Bidding wars are helping drive up home values in the nation's hottest housing markets this home shopping season, even as home values level off far below the record levels set during the real estate bubble in quieter markets, according to the May Zillow® Real Estate Market Reports[i].
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Concerns lurk beneath the good news in May existing-home sales

Concerns lurk beneath the good news in May existing-home sales | Real Estate Plus+ Daily News | Scoop.it
Ed Stansfield, chief property economist at Capital Economics, says that by jumping 5.1% on a monthly basis to 5.35 million annualized in May, existing-home sales reaffirmed their recent upward trend, since the rise was a touch stronger than the consensus expectation of 5.3 million, which means that sales are now 9% higher than this time last year.
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Samsung working to make trucks 'transparent'

Samsung working to make trucks 'transparent' | Real Estate Plus+ Daily News | Scoop.it
Samsung is working on a technology to let people see through giant trucks on the road.


The Safety Truck prototype mounts a wireless camera on the front of the vehicle and livestreams the view onto a giant wall of four video screens on the back.

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Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return

Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return | Real Estate Plus+ Daily News | Scoop.it
Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors®. Led by the Northeast, all major regions experienced sales increases in May.
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Zillow Group Announces Sale of ActiveRain to the Ben Kinney Companies

Zillow Group Announces Sale of ActiveRain to the Ben Kinney Companies | Real Estate Plus+ Daily News | Scoop.it
Zillow Group, which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and Web, today announced the pending sale of ActiveRain®, a social networking, blogging, and training platform for the real estate industry, to the Ben Kinney family of companies. The sale is expected to close June 30, 2015.
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Ford Launches Car-Sharing Services

Ford Launches Car-Sharing Services | Real Estate Plus+ Daily News | Scoop.it
In a surprising move, Ford is entering the car-sharing game. The auto giant is partnering with Getaround, a company that lets car owners lease out their vehicle for a few hours a day. Ford Motor Credit, the automaker’s finance subsidiary, is formally entering into a relationship with Getaround in several regional American markets and in the United Kingdom through a British firm, EasyCar Club.
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Real Estate Becomes Local Again; National Trends Less Prevalent on a Market Level

Real Estate Becomes Local Again; National Trends Less Prevalent on a Market Level | Real Estate Plus+ Daily News | Scoop.it
Bidding wars are helping drive up home values in the nation's hottest housing markets this home shopping season, even as home values level off far below the record levels set during the real estate bubble in quieter markets, according to the May Zillow® Real Estate Market Reports[i].
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CFPB lists 10 compliance violation trends

CFPB lists 10 compliance violation trends | Real Estate Plus+ Daily News | Scoop.it
“We are extremely concerned that one year after the CFPB’s mortgage servicing rules went into effect we are still finding runarounds and illegal dual-tracking,” said CFPB Director Richard Cordray.
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Realtor.com, Airbnb partner to let homebuyers test-drive the neighborhood

Realtor.com, Airbnb partner to let homebuyers test-drive the neighborhood | Real Estate Plus+ Daily News | Scoop.it
“This collaboration with Airbnb reinforces our commitment to giving consumers unparalleled insight to make informed real estate decisions,” said Ryan O’Hara, chief executive officer of Move. “Our relationship with Airbnb—a company that helps millions of people feel at home in communities around the world—allows us to reduce some of the unknown factors associated with relocating to a new community. It is what we mean when we say realtor.com puts the ‘real’ in real estate.”
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Homeownership rate at 10-year low

Homeownership rate at 10-year low | Real Estate Plus+ Daily News | Scoop.it
For the 10th consecutive year, the homeownership rate in 2014 dropped and is off 0.6 percentage point to 64.5%, according to the 2015 State of the Nation’s Housing report from the Joint Center for Housing Studies of Harvard University.
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May new home sales gain 2.2% from April

May new home sales gain 2.2% from April | Real Estate Plus+ Daily News | Scoop.it
Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
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Calif - May pending home sales and Market Pulse Survey

Calif - May pending home sales and Market Pulse Survey | Real Estate Plus+ Daily News | Scoop.it
In a separate report, California REALTORS® responding to C.A.R.’s May Market Pulse Survey saw more floor calls, listing appointments, and open house traffic, compared to April. The Market Pulse Survey is a monthly online survey of more than 300 California REALTORS®, which measures data about their last closed transaction and sentiment about business activity in their market area for the previous month and the last year.
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Illinois home sales, prices climb higher in May

Illinois home sales, prices climb higher in May | Real Estate Plus+ Daily News | Scoop.it
The month of May brought strong home sales gains and higher median prices to the Illinois housing market, according to the Illinois Association of REALTORS®. Statewide home sales totaled 14,980, a year-over-year increase of 5.6 percent while the statewide median price was $182,000, an 8.7 percent gain.
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Upbeat Housing Reports | S&P Dow Jones Indices

Upbeat Housing Reports | S&P Dow Jones Indices | Real Estate Plus+ Daily News | Scoop.it
Prices have also been advancing. The S&P/Case-Shiller National Home Price index was up 4.1% in the 12 months to March, extending a pattern of gains 35 consecutive months.  Median sales prices reported by the National Association of Realtors show gains as well.
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June existing-home sales expected to rise 11% year-over-year

June existing-home sales expected to rise 11% year-over-year | Real Estate Plus+ Daily News | Scoop.it
Existing-home sales in June are expected to rise sharply over last year’s total, according to Auction.com’s June Real Estate Nowcast, which combines industry data, proprietary company transactional data and Google search activity to predict market trends as they are occurring.
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Job situation improves in nearly every state

Job situation improves in nearly every state | Real Estate Plus+ Daily News | Scoop.it
The job situation improved in almost every state over the last three months, according to the latest state coincident indexes report from the Federal Reserve Bank of Philadelphia.
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OneGo Will Offer Unlimited West Coast Flights For $1,500 A Month

OneGo Will Offer Unlimited West Coast Flights For $1,500 A Month | Real Estate Plus+ Daily News | Scoop.it
Here’s an unusual pricing plan for air travel — instead of paying for each trip, hand over a $1,500 monthly fee and fly as much as you want.
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