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Nov. 13: Mortgage rates last topped 18% on this day in 1981

Nov. 13: Mortgage rates last topped 18% on this day in 1981 | Real Estate Plus+ Daily News | Scoop.it
Today, interest rates for a 30-year fixed-rate mortgage are hovering at around 4.16 percent. That’s super cheap, especially compared with the rates 32 years ago.
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Ben Bensen's curator insight, November 14, 2013 2:14 PM

This really puts things in perspective. We are still at historic lows! If you are thinking of buying or selling, now really is an great time. But don't wait, 5% is the projected rate for this time next year. That could result in $1000's more to pay off each year!

For more information on your local market, I can connect you with a great real estate consultant in your area. Email me: bensenrealestate@outlook.com

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8 Ways You're Making People Tune Out When You Speak

8 Ways You're Making People Tune Out When You Speak | Real Estate Plus+ Daily News | Scoop.it
Are you doing or saying things that make people tune out or distract them from your message? Here are eight common habits to avoid.
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Is This Sustainable Village The Future Of Retirement?

Is This Sustainable Village The Future Of Retirement? | Real Estate Plus+ Daily News | Scoop.it
Fifteen years into an unplanned second career as a real-estate developer, Steve Nygren has timed his latest project perfectly. Nygren is the cofounder and developer of Serenbe, a visionary New Urbanist community in Chattahoochee Hills, outside Atlanta. Since breaking ground in 2004, Serenbe has grown to include two villages of about 500 residents.
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CoreLogic: REO sales hit lowest point since housing market implosion

CoreLogic: REO sales hit lowest point since housing market implosion | Real Estate Plus+ Daily News | Scoop.it
Distressed sales, which include real estate owned and short sales accounted for just 8.4% of total home sales in the U.S. in May, according to a recent report by CoreLogic.

This is down 2.1% from last year, and down 1% from April. Distressed sales are down 27.9% from its peak in January 2009.
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NAR - Pending Home Sales Tick Up in July

NAR - Pending Home Sales Tick Up in July | Real Estate Plus+ Daily News | Scoop.it
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June and is now 1.4 percent higher than July 2015 (109.8). The index is now at its second highest reading this year after April (115.0).
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Independent mortgage bank profits surge, more than double 1Q

Independent mortgage bank profits surge, more than double 1Q | Real Estate Plus+ Daily News | Scoop.it
According to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,686 on each loan they originated in the second q
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Black Knight Home Price Index Report: June 2016 Transactions

Black Knight Home Price Index Report: June 2016 Transactions | Real Estate Plus+ Daily News | Scoop.it
Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted. 
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Seth's Blog: Most projects end with a whimper

Seth's Blog: Most projects end with a whimper | Real Estate Plus+ Daily News | Scoop.it
Prematurely giving up is a huge problem. A more draining problem is not knowing when to quit.
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1.18 Million Housing Starts Projected in 2016

1.18 Million Housing Starts Projected in 2016 | Real Estate Plus+ Daily News | Scoop.it
On Friday morning, Metrostudy released its second quarter 2016 Home Building Outlook, which details housing construction trends nationwide. The Home Building Outlook is the platform for Metrostudy’s national and local forecasts, spotlighting the Top 100 Housing Markets across the United States.
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FHA makes it easier for struggling borrowers to keep their homes

FHA makes it easier for struggling borrowers to keep their homes | Real Estate Plus+ Daily News | Scoop.it
Borrowers with a high loan-to-value ratio mortgage received some welcome news on Thursday morning when the Federal Housing Finance Agency announced that it plans to extend the Home Affordable Refinance Program into 2017 and unveiled a new refinance program that will take HARP’s place once it expires.

These programs apply to borrowers whose loans are owned by Fannie Mae and Freddie Mac, but what about struggling borrowers whose loans are insured by the Federal Housing Administration?
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Janet Howcroft's curator insight, August 26, 6:27 PM

this is good news

 - August 25
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HARP extended into 2017; FHFA plans new refinance program

HARP extended into 2017; FHFA plans new refinance program | Real Estate Plus+ Daily News | Scoop.it
The Federal Housing Finance Agency announced it extended the Home Affordable Refinance Program until Sept. 30, 2017 in order to create a smoother transition period for a new refi product it is planning to launch toward the end of 2017.

According to the FHFA, Fannie Mae and Freddie Mac will implement a new refinance offering aimed at borrowers with high loan-to-value ratios.
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CoreLogic: Mortgage Originations Increased 30% To Nearly $1.8 Trillion In 2015

CoreLogic: Mortgage Originations Increased 30% To Nearly $1.8 Trillion In 2015 | Real Estate Plus+ Daily News | Scoop.it
“Mortgage originations rebounded last year,” writes Molly Boesel, senior economist for CoreLogic, in the report, which shows that refinances increased 29% compared with 2014 (dollar volume increased 44%), while purchases increased 13% (dollar volume increased 18%).
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Calif - July pending home sales and Market Pulse Survey

Calif - July pending home sales and Market Pulse Survey | Real Estate Plus+ Daily News | Scoop.it
Statewide pending home sales rose in July on a seasonally adjusted annualized basis, with the Pending Home Sales Index (PHSI)* increasing 3.5 percent from 118.4 in July 2015 to 122.5 in July 2016, based on signed contracts. Pending sales have been on a rising trend for the
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New home sales post biggest July gain since the housing bust

New home sales post biggest July gain since the housing bust | Real Estate Plus+ Daily News | Scoop.it
According to the latest estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales in July were at a seasonally adjusted annual rate of 654,000, which is up 31.3% from July 2015. This is also 12.4% above the revised June rate of 582,000.
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Janet Howcroft's curator insight, August 26, 6:30 PM

great article

 - August 23
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Data Visualization 101: How to Choose the Right Chart or Graph for Your Data

Data Visualization 101: How to Choose the Right Chart or Graph for Your Data | Real Estate Plus+ Daily News | Scoop.it
One of the struggles that slows down my own reporting and analysis is understanding what type of chart to use -- and why. That's because choosing the wrong type of chart or simply defaulting to the most common type of visualization could cause confusion with the viewer or lead to mistaken data interpretation. 
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Take A 3D Tour Of A Vertical Farm Packed Inside A Shipping Container

Take A 3D Tour Of A Vertical Farm Packed Inside A Shipping Container | Real Estate Plus+ Daily News | Scoop.it
In a huge warehouse just outside downtown Los Angeles, a startup turns recycled shipping containers into vertical farms. A new digital tour shows what the farms, which are each equivalent in size to a four-acre outdoor field, look like inside.
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How to Talk About Office Politics with a New Colleague

It wasn’t too long before John figured out that Chris was trying to recruit him to his “camp” in internecine office politics and from that conversation on, John was on guard — not trusting some of his other new colleagues and being careful what he said about the loquacious veteran. In the end, John says, Chris “actually helped me avoid some landmines,” but it was a rattling start to the new position.
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Ultimate Beatles Fan Ron Howard Got To Geek Out Making "Eight Days A Week"

Ultimate Beatles Fan Ron Howard Got To Geek Out Making "Eight Days A Week" | Real Estate Plus+ Daily News | Scoop.it
It might be difficult to imagine, nearly 50 years after the Beatles broke up, that there would be anything new to say about one of the most celebrated and documented bands of all time. But Ron Howard insists that there is.
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Case-Shiller: Home prices continue upward trend

Case-Shiller: Home prices continue upward trend | Real Estate Plus+ Daily News | Scoop.it
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported an annual increase of 5.1% in June, unchanged from the month before. The 10-City Composite increased 4.3%, slightly less that May’s 4.4% increase. Similarly, the 20-City Composite increased 5.1% annually, down from May’s increase of 5.3%.
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Clareity Security Names Real Estate Veteran Greg Manship as Vice President of Operations

Clareity Security Names Real Estate Veteran Greg Manship as Vice President of Operations | Real Estate Plus+ Daily News | Scoop.it
Clareity Security, a leading provider of cutting edge software for real estate organizations, is pleased to announce that Greg Manship has joined the company as Senior Vice President of Operations. In his new position, Greg will lead product development and the implementation and support of all Clareity products including the newly launched Broker Dashboards.
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USDA slashing mortgage fees

USDA slashing mortgage fees | Real Estate Plus+ Daily News | Scoop.it
Borrowers who use the U.S. Department of Agriculture’s Rural Housing Service to get a mortgage could soon pay significantly less for their loan, as the USDA announced that it is about to cut its loan fees for lenders who use the USDA’s Single Family Housing Loan Guarantee Program.

In an announcement sent to lenders this week, the USDA said that it plans to cut the fees it charges lenders both its upfront guarantee fee and its annual fee beginning on Oct. 1, 2016, the first day of fiscal year 2017.
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CoreLogic: Cash sales make up 30% of home sales in May

CoreLogic: Cash sales make up 30% of home sales in May | Real Estate Plus+ Daily News | Scoop.it
Cash home sales in May decreased month-over-month and year-over-year, making the first five months of 2016 the slowest start to a year since 2008, according to a report from CoreLogic.

In May, cash sales made up 30% of total home sales, which is down 2.5 percentage points from May 2015, and 1.7 percentage points from April. For the first five months of 2016, cash sales averaged 33%.
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July 2016 Market Report: Four Years of Recovery, Still 4+ Percent Left to Go

July 2016 Market Report: Four Years of Recovery, Still 4+ Percent Left to Go | Real Estate Plus+ Daily News | Scoop.it
On first blush, it may be hard to believe that after four years of growth, the market is still not back to pre-recession highs. But that kind of hot-take reaction ignores both the length and depth of the housing recession, and the strength of the boom that preceded it. Between April 1997 and August 2008, home values grew year-over-year for 125 consecutive months, more than a decade of continuous growth. And between September 2007 and July 2012, home values fell year-over-year for 59 straight months – almost five straight years of declines.
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NAR - Existing-Home Sales Lose Steam in July

NAR - Existing-Home Sales Lose Steam in July | 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, fell 3.2 percent to a seasonally adjusted annual rate of 5.39 million in July from 5.57 million in June. For only the second time in the last 21 months 2, sales are now below (1.6 percent) a year ago (5.48 million).
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Helping users easily access content on mobile

Helping users easily access content on mobile | Real Estate Plus+ Daily News | Scoop.it
In Google Search, our goal is to help users quickly find the best answers to their questions, regardless of the device they’re using. Today, we’re announcing two upcoming changes to mobile search results that make finding content easier for users
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Fannie, Freddie revise mortgage app form for first time in 20 years

Fannie, Freddie revise mortgage app form for first time in 20 years | Real Estate Plus+ Daily News | Scoop.it
"Although final implementation of the new loan application is still more than a year away, and the application must still undergo "safe-harbor" review by the Consumer Financial Protection Bureau, we anticipate that publication of the redesigned form now will give the industry ample time to analyze and prepare for its use in 2018,” Watt said.
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