Thursday, July 28, 2016

Weekly Unemployment Claims: Initial and Continued July 28 2016

Today’s jobless claims report showed an increase to both initial and continued unemployment claims as seasonally adjusted initial claims remained below the 300K level.

Seasonally adjusted “initial” unemployment claims increased by 14,000 to 266,000 claims while seasonally adjusted "continued" unemployment claims increased by 7,000 to 2.139 million resulting in an “insured” unemployment rate of 1.6%.




from
http://paper-money.blogspot.com/2016/07/weekly-unemployment-claims-initial-and.html

Pending Home Sales: June 2016

Yesterday, the National Association of Realtors (NAR) released their Pending Home Sales Report for June showing a slight improvement in sales activity with the seasonally adjusted national index rising 0.2% from May to stand 1.0% above the level seen in June 2015.

The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005 (click for larger version).



from
http://paper-money.blogspot.com/2016/07/pending-home-sales-june-2016.html

Reading Rates: MBA Application Survey – July 27 2016

The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages as well as the volume of both purchase and refinance applications.

The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases.

The latest data is showing that the average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) increased 3 basis points to 3.64% since last week while the purchase application volume declined 3% and the refinance application volume declined 15% over the same period.

The following chart shows the average interest rate for 30 year and 15 year fixed rate mortgages since 2006 as well as the purchase, refinance and composite loan volumes (click for larger dynamic full-screen version).






from
http://paper-money.blogspot.com/2016/07/reading-rates-mba-application-survey_28.html

New Home Sales: June 2016

Earlier this week, the U.S. Census Department released its monthly New Residential Home Sales Report for June showing an increase with sales rising 3.5% from May climbing 25.4% above the level seen in June 2015 but still remaining near an historically low level with 592K SAAR units.

The monthly supply declined to 4.9 months while the median selling price increased 6.5% and the average selling price increased 8.78% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).



from
http://paper-money.blogspot.com/2016/07/new-home-sales-june-2016.html

S&P/Case-Shiller: May 2016

The latest release of the S&P/Case-Shiller (CSI) home price indices for May reported that the non-seasonally adjusted National index increased from April with prices rising 1.17% while the non-seasonally adjusted Composite-10 city index increased 0.76% and the Composite-20 city index increased 0.89% over the same period.

On an annual basis, the National index increased 5.05% above the level seen in May 2015 while the Composite-10 city index increased 4.40% and the Composite-20 city index increased 5.24% over the same period.

On a peak basis, all three indices still show peak declines slumping -2.12% for the National index, -10.59% for the Composite-10 city index and -8.83% for the Composite-20 city index on a peak comparison basis.



from
http://paper-money.blogspot.com/2016/07/s-may-2016.html

10 Secret Words To Add To Your Home’s Listing

Making your listing the most attractive option to potential buyers can be the only thing standing between a quick closing and a house that lingers too long on the market. Even in seller’s markets like New York, NY, and San Francisco, CA, the competition is clamoring to attract the increasingly discerning buyer. To keep on […]

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http://www.trulia.com/blog/how-to-write-home-listing-tips/

Tuesday, July 26, 2016

Neighbor Disputes: 7 Ways To Keep The Peace

It could be a scene right out of The Big Bang Theory, Friends, or, really, any sitcom where a lot of the takes occur in an apartment complex or housing community: neighbor conflict. Even the likable Dunphys in Modern Family struggle with how to tell their new Los Angeles, CA — area neighbors that they’re […]

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The 10 Best Cities For Sun Worshippers

We’re full swing into summer, and it’s hot out: Eggs are frying on pavement, cookies are baking on car dashboards, and we’re hearing the term “heat wave” on the regular from our weather people. Even if you’re doing everything you can to make like a vampire and avoid direct sunlight, plenty of people out there love […]

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http://www.trulia.com/blog/sunniest-cities-in-the-us-sun-worshippers/

Monday, July 25, 2016

12 Affordable Apartments In The Priciest US Metros

We’re all trying to simplify our lives these days, and if you’re game to do so in a studio apartment, it can really pay off. When it comes to where you live, it’s all about location, location, location — and these 12 rentals put you in the best cities — like Dallas, TX, and San […]

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http://www.trulia.com/blog/affordable-apartments-priciest-us-metros/

Thursday, July 21, 2016

5 Reasons Your First Home Should Be A Duplex

When most people think about buying their first home, three options typically come to mind: single-family home, townhouse, or condo. But there’s a fourth option to consider: a duplex home. Owning a duplex in Boston, MA, or Seattle, WA, has certain perks, like getting you into homeownership with some mortgage and tax advantages. Plus, if […]

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http://www.trulia.com/blog/reasons-to-buy-a-duplex-home/

Wednesday, July 20, 2016

Reading Rates: MBA Application Survey – July 20 2016

The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages as well as the volume of both purchase and refinance applications.

The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases.

The latest data is showing that the average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) increased 3 basis points to 3.61% since last week while the purchase application volume declined 2% and the refinance application volume declined 1% over the same period.

The following chart shows the average interest rate for 30 year and 15 year fixed rate mortgages since 2006 as well as the purchase, refinance and composite loan volumes (click for larger dynamic full-screen version).






from
http://paper-money.blogspot.com/2016/07/reading-rates-mba-application-survey_20.html

New Residential Construction Report: June 2016

Yesterday’s New Residential Construction Report showed improvement with total permit activity rising 1.5% since May while total starts increased a notable 4.8% over the same period.

Single family housing permits, the most leading of indicators, rose 1.0% from May to 738K single family units (SAAR), rising 5.1% above the level seen a year earlier and still remained well below levels seen at the peak in September 2005.

Single family housing starts rose 4.4% from March to 778K units (SAAR) rising 13.4% above the level seen a year earlier but still remained well below the levels seen at the peak in September 2005.




from
http://paper-money.blogspot.com/2016/07/new-residential-construction-report.html

What Is Dual Agency? (And Why You Should Beware)

You’ve probably heard the phrase “You can’t have your cake and eat it too.” But if you’ve ever puzzled over it’s meaning, here’s a hint: If you eat your cake now, you won’t have any left over to look forward to eating later. In other words, sometimes a person is forced to make a choice between […]

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http://www.trulia.com/blog/what-is-dual-agency/

Monday, July 18, 2016

NAHB/Wells Fargo Home Builder Sentiment: July 2016

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally worsened in July with the composite HMI index remaining declining to 59 while the "buyer traffic" index declined to a level of 45.






from
http://paper-money.blogspot.com/2016/07/nahbwells-fargo-home-builder-sentiment.html

Homeowners Reveal: 6 Reasons To Buy A Unique Property

Erica and Aaron Garner always knew they wanted to live on a big property with a lot of land and very few neighbors. “We wanted to get out of the concrete jungle,” laughs Erica. “We didn’t want to smell our neighbors’ smells, hear their arguments, or be told how we can live.” So after purchasing […]

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Friday, July 15, 2016

The Final Walk-Through Checklist

After the negotiations, home inspection, and repairs, saying that you’re excited to sign on the dotted line and close on your new house is an understatement. You’re ready. However, it’s standard for you to take one more walkthrough of the home before closing — and you shouldn’t take this task lightly. Even if you’ve already […]

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Wednesday, July 13, 2016

Staging Solution: Using Pop-Up Furniture To Sell Your Home

Philipp Reichardt and his family had been searching for a home in Brisbane, CA, a suburb of San Francisco. Finally, after touring countless homes, the Reichardts fell in love with one that had been beautifully staged, so perfectly that Reichardt easily envisioned his family growing there for years to come. His 10-year-old niece was so […]

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http://www.trulia.com/blog/staging-a-house-pop-up-furniture/

Monday, July 11, 2016

Mortgage Rates Take a Dive - Should You Jump In?



from
http://www.huffingtonpost.com/scott-yancey/mortgage-rates-take-a-div_b_10929256.html

8 Real-Life Renter Problems (And Solutions!)

One of the joys of being a renter is that when problems happen — depending on what they are — you don’t have to deal with or pay for them. That’s what your landlord or property manager is for. But sometimes the person in charge is less than responsive to your request for help. And […]

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18 Nontoxic Ways To Keep Pests At Bay This Summer

Insects have their place in the natural world, but when the weather warms up, they occasionally take residence in the most inconvenient of places — our homes and gardens. Some bugs are an unwelcome nuisance (say, when a palmetto bug scares away potential buyers at your house for sale in Charleston, SC), while others can […]

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Friday, July 8, 2016

Employment Situation: Nonfarm Payrolls and Civilian Unemployment June 2016

Today's Employment Situation Report indicated that in June, net non-farm payrolls increased by a notable 287,000 jobs overall with the private non-farm payrolls sub-component adding 265,000 jobs while the civilian unemployment increased to 4.9% over the same period.

Net private sector jobs increased 0.22% since last month climbing 1.94% above the level seen a year ago and climbing 5.24% above the peak level of employment seen in December 2007 prior to the Great Recession.



from
http://paper-money.blogspot.com/2016/07/employment-situation-nonfarm-payrolls.html

Employment Situation: Unemployment Duration June 2016

Today's employment situation report showed that conditions for the long term unemployed generally worsened in June.

Workers unemployed 27 weeks or more increased to 1.979 million or 25.8% of all unemployed workers while the median term of unemployment declined to 10.3 weeks and the average stay on unemployment rose to 27.7 weeks.





from
http://paper-money.blogspot.com/2016/07/employment-situation-unemployment.html

Employment Situation: Total Unemployment June 2016

Today's Employment Situation report showed that in April “total unemployment” including all marginally attached workers decreased to 9.6% while the traditionally reported unemployment rate went flat increased to 4.9%.

The traditional unemployment rate is calculated from the monthly household survey results using a fairly explicit definition of “unemployed” (essentially unemployed and currently looking for full time employment) leaving many workers to be considered effectively “on the margin” either employed in part time work when full time is preferred or simply unemployed and no longer looking for work.

The Bureau of Labor Statistics considers “marginally attached” workers (including discouraged workers) and persons who have settled for part time employment to be “underutilized” labor.

The broadest view of unemployment would include both traditionally unemployed workers and all other underutilized workers.

To calculate the “total” rate of unemployment we would simply use this larger group rather than the smaller and more restrictive “unemployed” group used in the traditional unemployment rate calculation.



from
http://paper-money.blogspot.com/2016/07/employment-situation-total-unemployment.html

ADP National Employment Report: June 2016

Yesterday, private staffing and business services firm ADP released the latest installment of their National Employment Report indicating that the situation for private employment in the U.S. improved in June as private employers added 172,000 jobs in the month bringing the total employment level 1.9% above the level seen in June 2015.

Look for Friday’s BLS Employment Situation Report to likely show, more or less, similar trends.



from
http://paper-money.blogspot.com/2016/07/adp-national-employment-report-june-2016.html

Negotiate Like A Pro: 6 Tricks For Winning A Stalemate

When my husband and I first started the hunt for Atlanta, GA, real estate, I cringed at the tough negotiating he was doing, as did our agent. “You sound like a fast-talking big-city businessman,” she said to him in her smooth drawl. But as cringe-worthy as it seemed at the time, he was just engaging […]

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Thursday, July 7, 2016

5 Signs You Need A New Listing Agent

Maybe you chose a real estate agent to sell your home for the wrong reasons — they promised to get you a really high price, they’re your mom’s best friend’s niece, or they offered the lowest commission rate. Whatever the case, your home has now been sitting on the market for so long that you’re […]

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Wednesday, July 6, 2016

ISM Non-Manufacturing Report on Business: June 2016


Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related business activity improved notably in June with the overall non-manufacturing index climbing to 56.5 from last months reading of 52.9.

At 59.5 the business activity index also improved since last month but still remaining 3.25% below the level seen a year earlier.



from
http://paper-money.blogspot.com/2016/07/ism-non-manufacturing-report-on.html

Reading Rates: MBA Application Survey – July 06 2016

The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages as well as the volume of both purchase and refinance applications.

The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases.

The latest data is showing that the average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) declined 7 basis points to 3.63% since last week while the purchase application volume increased 4% and the refinance application volume increased a whopping 21% over the same period.

The following chart shows the average interest rate for 30 year and 15 year fixed rate mortgages since 2006 as well as the purchase, refinance and composite loan volumes (click for larger dynamic full-screen version).






from
http://paper-money.blogspot.com/2016/07/reading-rates-mba-application-survey.html

7 Ways To Compete With Cash Buyers In A Seller’s Market

The old adage “money talks” rings true in real estate. After the stock market crash in 2008, homebuyers with all-cash offers quickly became sellers’ most sought-after suitors. All-cash, after all, means no mortgage, and no loan means no need to rely on lenders. So now that the market has heated up again, bidding wars are […]

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http://www.trulia.com/blog/cash-buyers-for-houses/

Monday, July 4, 2016

Are You An Annoying Neighbor? 9 Ways To Tell

Neighbors. We all have them — beside us, above us, or below us. The good news? According to a Trulia survey, 67% of American homeowners claim they like their neighbors. But without any warning, homeowners can run into trouble when a new neighbor rolls into town. And whether they’ve got lead feet that pound the […]

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http://www.trulia.com/blog/annoying-neighbor-11-ways-tell/

Friday, July 1, 2016

6 Upgrades Under $1,000 That Give You The Most Bang For Your Buck

Pop quiz: Would you rather buy a home with 1990s laminate countertops or pristine marble? It seems like an easy “A,” yet many home sellers are so immune to pre-existing (read: old) features in their homes that they can’t understand why buyers can’t see past them too. But even if you aren’t ready to list […]

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