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NAR: ‘Buyers Are Coming Back In Force’

(Image from sothebysrealty.com) According to the National Association of Realtors (NAR), recent sales report indicate that home buyer demand is strong. Existing-home sales in May soared to the highest mark since 2009 as new-home sales climbed to a seven-year high. What’s

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WEEKLY MARKET PREVIEW 06/29/2015

You know by now that Greece has closed its banks this week after creditors finally rejected Greek proposals. Now talk of a Greek referendum vote on whether to take creditors’ proposals or leave the EU. George Sapounas, a member of

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California Pending Home Sales Post Six Straight Months of Annual Gains

(Image from sothebysrealty.com) With the California housing market continuing its upward trend, pending home sales registered their sixth straight annual gain, with the last four months being in the double-digits, C.A.R. reported this week. Pending home sales data: • California pending

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WEEKLY MARKET PREVIEW 06/21/2015

Over the weekend the Greek debt problem apparently saw some light; US stocks rallying this morning, interest rate prices declining. The stock market in Greece improved. According to reports Greece made concessions on pensions; creditors have required Greece cut pension

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REAL ESTATE NEWS

Economy

First peek into secretive European Central Bank meetings show division

The first-ever peek inside the normally-secretive European Central Bank’s monetary policy meetings shows bankers were divided over the landmark stimulus program.

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Brazil’s scandalous boom to bust story

Brazil was the poster child of economic success five years ago. Now its economy is struggling. What happened?

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Europe gives Greece another four months

Read full story for latest details.

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Workers at nation’s largest oil refinery join growing strike

While nationwide contract talks between the union and management continue, workers at the nation’s largest refinery have joined a strike that now has more than 6,500 U.S. oil workers off the job.

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Five reasons why Venezuela may be the world’s worst economy

Here are five reasons why Venezuela’s economy is bordering on the edge of lunacy.

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Britain is better off in Europe, top banker says

HSBC, the world’s second largest bank, is worried about the risk of the U.K. quitting the European Union.

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Home mortage

In Boulder, fear of a bigger Google

Adding 1,000 new tech jobs is great, unless it leads to skyrocketing home prices and traffic congestion.

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Joan Rivers’ lavish penthouse for sale for $28 million

The lavish New York City condo that was home to the late comedian Joan Rivers for 25 years was put on the market Monday for $28 million.

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Joan Rivers’ lavish penthouse for sale for $28 million

The lavish New York City condo that was home to the late comedian Joan Rivers for 25 years was put on the market Monday for $28 million.

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Is ending segregation key to ending poverty?

Chicago’s experiment in relocating poor African American families to rich white suburbs seems to be a success. So why are so few other cities doing the same?

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Was my home a good investment?

Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.

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Newark to sell discounted land to couples on Valentine’s Day

There is no gift that says “together forever” like a cheap plot of land and an obligation to live there together for at least five years.

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Low down payments make a comeback

Read full story for latest details.

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Luxury New York apartment accepts ‘poor door’ applications

A luxury apartment building in Manhattan has 55 affordable apartments for rent, along side multi-million dollar condos. Renters enter through a separate entrance.

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What will your monthly mortgage payment be?

In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.

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How to buy a home when you can’t afford it

Read full story for latest details.

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No dogs allowed: San Francisco’s pet housing crisis

The housing crunch in San Francisco isn’t just forcing out lower income renters, it’s forcing out Fido, too. According to San Francisco animal welfare nonprofit SF SPCA, there’s been a surge in owners abandoning their pets due to an inability to find pet-friendly housing

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Personal finance

How weather affects what you tip the delivery guy

Winter weather conditions can cause tips for online food deliveries to jump.

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Female investors often beat men

Survey after survey shows women lack confidence about investing, but their performance is actually very strong.

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How to buy a home when you can’t afford it

Read full story for latest details.

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Debt collection nightmares

High fees. Mistaken identities. Traumatizing letters. These six Americans received collection notices from Linebarger Goggan Blair & Sampson that they say turned their lives into nightmares.

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Inside the lives of millionaire debt collectors

Inside the lives of millionaire debt collectors

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No dogs allowed: San Francisco’s pet housing crisis

The housing crunch in San Francisco isn’t just forcing out lower income renters, it’s forcing out Fido, too. According to San Francisco animal welfare nonprofit SF SPCA, there’s been a surge in owners abandoning their pets due to an inability to find pet-friendly housing.

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The debt collector doing government dirty work

CNNMoney’s exclusive investigation looks at the debt collectors hired by government agencies to go after unpaid property taxes, speeding tickets, even $1 tolls.

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Threatening letters from a government debt collector

Americans across the country are getting scary debt collection letters — threatening jail time, suspension of their driver’s license or garnishment of their wages — over what seem like minor offenses.

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The secret world of government debt collection

CNNMoney’s exclusive investigation looks at the debt collectors hired by government agencies to go after unpaid property taxes, speeding tickets, even $1 tolls.

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Obama pushes protections for retirement accounts

The White House unveiled a proposal Monday that would hold financial advisers handling individual retirement accounts (IRAs) and 401(k)s to a higher standard.

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Real estate

President’s Day: How does the White House compare to the typical home purchased?

In the spirit of President’s Day we can use data from the 2014 Profile of Home Buyers and Sellers to see how the typical home differs from the White House. Typical Home Purchased in the U.S. 84% of buyers purchased a previously owned home, with 79% of buyers choosing a detached single-family home. Looking at first-time […]

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Investment Sales Pick Up in December 2014

Purchases for investment purposes appeared to be on the uptrend, according to the December 2014 REALTORS® Confidence Index Survey. Approximately 17 percent of REALTORS® reported that their last sale was for investment purposes (15 percent in November 2014; 21 percent in December 2013). Low interest rates, with the 30-year fixed mortgage rate now at below […]

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Latest Housing Starts in January 2015

New home construction activity in January was notably higher versus one year ago. But the momentum stalled as month-to-month activity fell even after accounting for normal winter seasonal factors. Overall assessment is that new home construction is still woefully inadequate. Specifically, housing starts in January reached 1.065 million units (seasonally adjusted annualized rate), a decline […]

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Home Buyer Characteristics by Age

The REALTORS® Confidence Index, based on approximately 3,000 random responses each month, provides insight on home buyer characteristics. An analysis of buyers by age shows the differences between age groups. Sixty percent of buyers aged 34 and under previously lived in a rental unit, compared to 34 percent of buyers aged 35 to 55. […]

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Aging Housing Stock Will Increasingly Require Spending for Renovation

America’s housing stock is increasingly becoming old, with structures typically about 40 years old.  This means that homeowners will likely need to do some renovation/remodeling for structural or aesthetic purposes prior to selling their home, or if sold on an as-is basis, homebuyers may need to undertake the renovation/remodeling themselves. The financial burden of remodeling/renovating […]

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Stock market

Europe gives Greece another four months

Read full story for latest details.

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Warren Buffett endorses European bikers

Read full story for latest details.

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Why this tech party isn’t like 1999

The Nasdaq is rapidly approaching all-time highs, raising questions about whether or not another bubble is forming in tech stocks.

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Stocks: 4 things to know before the open

Read full story for latest details.

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Meet CNNMoney’s Tech 30 stock index

Read full story for latest details.

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Stocks zoom to record highs on Greek deal

Read full story for latest details.

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America Inc. warns of turbulence ahead

The red flags: many companies warned that oil prices and the strong U.S. dollar could hurt sales this year.

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Britain is better off in Europe, top banker says

HSBC, the world’s second largest bank, is worried about the risk of the U.K. quitting the European Union.

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Honda CEO steps down

Honda CEO Takanobu Ito will step down from his post in June after a troubled year.

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HSBC boss hid bonuses in Swiss account

The boss of Britain’s biggest bank has admitted to hiding his bonuses in a Swiss bank account.

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