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Second-quarter GDP grows from initial estimate

Second-quarter GDP grows from initial estimate | Real Estate Plus+ Daily News | Scoop.it
The U.S. economy is moving along at a faster pace, with gross domestic product growing at a 2.5% annual rate for the second quarter. While this makes a stronger case for winding down QE, unemployment remains stubbornly high.
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Real Estate Related News Plus Miscellaneous Tech Stories and News of Interest
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Redfin Names 15 Colleges Where Students Should Buy Real Estate Instead of Rent Dorms

Redfin Names 15 Colleges Where Students Should Buy Real Estate Instead of Rent Dorms | Real Estate Plus+ Daily News | Scoop.it
At 47 public U.S. colleges it’s more cost effective for a student to buy a condo than rent a dorm room on campus, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Dorm rooms in the U.S. range in cost from $232 to $1,817 per month, with a median monthly rate of $705.
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Freddie Mac: New home sales set to take over in 2018

Freddie Mac: New home sales set to take over in 2018 | Real Estate Plus+ Daily News | Scoop.it
Freddie Mac expects housing starts to increase to 1.33 million in 2018, up from 1.22 million in 2017. In fact, the GSE predicted that new home sales will continue to increase and become the primary driver of home sales next year.
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NAR - Existing-Home Sales Subside 1.7 Percent in August

NAR - Existing-Home Sales Subside 1.7 Percent in August | Real Estate Plus+ Daily News | Scoop.it
Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, retreated 1.7 percent to a seasonally adjusted annual rate of 5.35 million in August from 5.44 million in July. Last month's sales pace is 0.2 percent above last August, and is the lowest since then.
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Fla.’s housing market continued positive track in Aug.

Fla.’s housing market continued positive track in Aug. | Real Estate Plus+ Daily News | Scoop.it
Florida's housing market continued its positive track in August, with more closed sales, increased pending sales, more new listings and rising median prices, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,235 last month, up 0.9 percent compared to August 2016.
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Here’s what quantitative un-easing could mean for the housing market

Here’s what quantitative un-easing could mean for the housing market | Real Estate Plus+ Daily News | Scoop.it
This quantitative un-easing could have major consequences to the housing market as nearly 40% of the portfolio is made up of mortgage-backed securities that the Federal Reserve started buying in 2009, according to a blog from Mark Fleming, First American Financial Corp. chief economist.
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CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity

CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity | Real Estate Plus+ Daily News | Scoop.it
Additionally, homeowners gained an average of $12,987 in equity between Q2 2016 and Q2 2017. Western states led the equity increase with Washington homeowners gaining an average of approximately $40,000 in home equity and California homeowners gaining an average of approximately $30,000 in home equity (Figure 1). Home price increases in these states drove the equity gains.
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August National Showing Index Shows 7.1% Year-Over-Year Increase

August National Showing Index Shows 7.1% Year-Over-Year Increase | Real Estate Plus+ Daily News | Scoop.it
Showings on the national level increased 7.1 percent in August from the same period last year, according to the August 2017 ShowingTime Showing Index™.
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TRULIA: Starter Homebuyers Should Start House Hunting Now

TRULIA: Starter Homebuyers Should Start House Hunting Now | Real Estate Plus+ Daily News | Scoop.it
Regionally, the strongest season for starter homes in 70 of the top 100 housing markets is between October and December. That leads to listing prices that are about 4.8% and 3.1% lower in the winter and spring than in the summer, respectively.
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A Down Payment With a Catch: You Must Be an Airbnb Host

A Down Payment With a Catch: You Must Be an Airbnb Host | Real Estate Plus+ Daily News | Scoop.it
It will provide prospective home buyers with up to $50,000 for a down payment, as long as they are willing to continuously list an extra bedroom on Airbnb for one to three years and share most of the income with Loftium over that time.
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Irma may have caused $42.5 billion to $65 billion in property damage, report says

Irma may have caused $42.5 billion to $65 billion in property damage, report says | Real Estate Plus+ Daily News | Scoop.it
Irma is estimated to have caused $25 billion to $38 billion in flood loss to homes, according to CoreLogic, a property information, analytics and solutions provider. Between $20 billion and $30 billion, or 80 percent, of that damage is likely not covered by any flood insurance.
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Airtasker co-founder launches 'LinkedIn for Property' start-up: Property Portal Watch

Airtasker co-founder launches 'LinkedIn for Property' start-up: Property Portal Watch | Real Estate Plus+ Daily News | Scoop.it
Soho is a portal for property owners to manage the online profile for their asset, from the financial details of the investment performance through to rental payments. It also stores document items like bills and body corporate statements online.
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Over 6% of Toronto Real Estate Listings Were Bought Less Than 18 Months Ago

Over 6% of Toronto Real Estate Listings Were Bought Less Than 18 Months Ago | Real Estate Plus+ Daily News | Scoop.it
Let’s start with some composite numbers, which is the aggregate of all home types. Just over 6.2% of homes listed for sale in the City of Toronto have land registry records showing they were bought less than 18 months ago. On average, it took 209 days to relist – just a touch over 6 months.
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Calif August home sales and price report

Calif August home sales and price report | Real Estate Plus+ Daily News | Scoop.it
Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 17th consecutive month and totaled a seasonally adjusted annualized rate of 427,630 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the August pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
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2017 National Geographic Travel Photographer of the Year

2017 National Geographic Travel Photographer of the Year | Real Estate Plus+ Daily News | Scoop.it
See the winning photos from the 2017 National Geographic Travel Photographer of the Year. The power of nature. View Winners galleries.
Russ Bergeron's insight:
I love this site - bookmark it.
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Apple added a must-have safety feature to your iPhone in iOS 11— here's how to set it up

Apple added a must-have safety feature to your iPhone in iOS 11— here's how to set it up | Real Estate Plus+ Daily News | Scoop.it
Here's how it works: When you turn on the Emergency SOS feature, the button on the right-hand side of your phone can quickly call emergency services — all you need to do is click the sleep/wake button rapidly five times. 
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August brings higher Illinois home prices, lower sales amid tight inventory

August brings higher Illinois home prices, lower sales amid tight inventory | Real Estate Plus+ Daily News | Scoop.it
Statewide home sales (including single-family homes and condominiums) in August 2017 totaled 16,196 homes sold, down 3.4 percent from 16,771 in August 2016.

The statewide median price in August was $200,456, up 5.0 percent from August 2016, when the median price was $191,000. The median is a typical market price where half the homes sold for more and half sold for less.
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First numbers: Mortgage delinquencies climb 16% in Hurricane Harvey-impacted areas

First numbers: Mortgage delinquencies climb 16% in Hurricane Harvey-impacted areas | Real Estate Plus+ Daily News | Scoop.it
Now the first numbers from Black Knight Financial Services are starting to roll in, and according to the report, the hurricane’s impact on mortgages will likely get worse.  

While delinquencies nationally remained relatively flat from July, the FEMA-declared disaster areas saw delinquencies jump 16%, from 5.37% before the storm, which made landfall on Aug. 25, to 6.22% by the end of August.
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5 Frank Lloyd Wright Homes You Can Buy Right Now

5 Frank Lloyd Wright Homes You Can Buy Right Now | Real Estate Plus+ Daily News | Scoop.it

It can be hard for homeowners to sell Frank Lloyd Wright houses, even if they are live-in works of art. Some prospective owners don't want to deal with pilgrims or rubberneckers, while others simply aren't fans of Wright's style, or his penchant for building in far-flung locations. The upside?........

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Woolworth Building’s Massive Seven-Floor Penthouse Lists for $110 Million

Woolworth Building’s Massive Seven-Floor Penthouse Lists for $110 Million | Real Estate Plus+ Daily News | Scoop.it
Now, the Wall Street Journal reports that its seven-floor penthouse, aptly named the “Pinnacle,” is hitting the market with a price tag of $110 million, making it the most expensive downtown sale ever (the current sales record stands at $50.9 million for the penthouse at Chelsea’s Walker Tower).
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MAD Architects proposes skyscraper that reflects Paris upside down

MAD Architects proposes skyscraper that reflects Paris upside down | Real Estate Plus+ Daily News | Scoop.it
The resulting effect flips the city upside-down, essentially creating a mirage of Paris that looks as if it is floating in the air. The concept fascinatingly engages directly with the visage of the Eiffel Tower, offering a compelling giant flipped reflection of the iconic structure.
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Ten-X: Housing inventory hovers more than 50% below prior peak

Ten-X: Housing inventory hovers more than 50% below prior peak | Real Estate Plus+ Daily News | Scoop.it
A strong labor market and low mortgage rates combined to push home buying demand up, even as low levels of housing inventory hold back progress in sales and increase home prices, according to Ten-X’s Quarterly Residential Market Report for fall 2017.
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You can now search your library’s e-book collection straight from Google

You can now search your library’s e-book collection straight from Google | Real Estate Plus+ Daily News | Scoop.it
In a tweet this week, Google shared the hot tip that searching for e-books is as simple as typing in a book in the search bar on the mobile app or in your desktop web browser.

The book name will bring up the "Get book" tab, which offers options of where to buy or borrow the e-book version.
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August Housing Starts Dip, Single-Family Up 1.8%

August Housing Starts Dip, Single-Family Up 1.8% | Real Estate Plus+ Daily News | Scoop.it
Housing starts in August were at a seasonally adjusted annual rate of 1,180,000, an 0.8% decline from the revised July estimate of 1,190,000 but 1.4% above the August 2016 rate of 1,164,000, the Commerce Department reported Tuesday morning. Single-family housing starts in August were at a rate of 851,000, up 1.6% above the revised July figure of 838,000 and up 17.1% from August 2016.
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First Bitcoin-Only Real Estate Transaction Completed in Texas

First Bitcoin-Only Real Estate Transaction Completed in Texas | Real Estate Plus+ Daily News | Scoop.it
In a new and interesting twist, an entire real estate transaction has taken place via Bitcoin. In other words, you can now buy your house with Bitcoin…at least in Texas.
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9 Architectural Wonders Inspired by Nature

9 Architectural Wonders Inspired by Nature | Real Estate Plus+ Daily News | Scoop.it
New technologies are now helping architects recreate complex structures found in the nature by using modern construction methods and materials. Biomimetic architecture draws its influence from the Earth.
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