“Homeowners selling their home in the second quarter of 2017 saw their largest profit gain in the past decade, according to the Q2 2017 U.S. Home Sales Report from ATTOM Data Solutions, a multi-sourced property database. Homeowners who sold their home during the second quarter gained an average $51,000, the highest average price gain for home sellers since the second quarter of 2007’s $57,000.”

Homeseller profits hit highest point in a decade
Home sellers who sold their home in the second quarter this year gained the highest profit in a decade. The average seller gained 26% from their purchase price. While rising home prices is a factor in the increase, it is not the most significant factor.
More info @ https://www.housingwire.com/articles/40807-homeseller-profits-hit-highest-point-in-a-decade
“Homeowners selling their home in the second quarter of 2017 saw their largest profit gain in the past decade, according to the Q2 2017 U.S. Home Sales Report from ATTOM Data Solutions, a multi-sourced property database.

Homeowners who sold their home during the second quarter gained an average $51,000, the highest average price gain for home sellers since the second quarter of 2007’s $57,000.” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 28, 2017 at 09:23AM

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http://www.corelogic.com/blog/authors/molly-boesel/2017/05/new-reports-explore-homeownership-rate-population-and-young-adults.aspx

http://www.corelogic.com

More info @ http://www.corelogic.com/blog/authors/molly-boesel/2017/05/new-reports-explore-homeownership-rate-population-and-young-adults.aspx
http://www.corelogic.com/blog/authors/molly-boesel/2017/05/new-reports-explore-homeownership-rate-population-and-young-adults.aspx Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 25, 2017 at 08:30PM

CASE-SHILLER INDEX AT NEW ALL-TIME HIGH For the sixth consecutive month, May home prices venture into record territory. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6% annual gain in May, the same as the prior month, S&P Dow Jones Indices reported Tuesday. The 10-City Composite annual increase came in at 4.9%, down from 5.0% the previous month. The 20-City Composite posted a 5.7% year-over-year gain, down from 5.8% in April.

Case-Shiller Index at New All-Time High
For the sixth consecutive month, May home prices venture into record territory.
More info @ http://www.builderonline.com/money/prices/case-shiller-index-at-new-all-time-high_o
CASE-SHILLER INDEX AT NEW ALL-TIME HIGH
For the sixth consecutive month, May home prices venture into record territory.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6% annual gain in May, the same as the prior month, S&P Dow Jones Indices reported Tuesday. The 10-City Composite annual increase came in at 4.9%, down from 5.0% the previous month. The 20-City Composite posted a 5.7% year-over-year gain, down from 5.8% in April. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 25, 2017 at 06:23PM

PULTE EARNS $101 MILLION IN 2ND QTR Takes $121 million charge related to disposition of land assets. PulteGroup, Inc., Atlanta (NYSE:PHM) on Tuesday before market open reported net income was $101 million, or $0.32 per share, for its second quarter ended June 30, 2017. The gain compares with $118 million, or $0.34 per share, in the prior-year quarter. The profit fell two cents short of analyst expectations.

Pulte Earns $101 Million in 2nd QTR
Takes $121 million charge related to disposition of land assets.
More info @ http://www.builderonline.com/money/profits/pulte-earns-101-million-in-2nd-qtr_o?utm_source=newsletter&utm_content=Press+Release&utm_medium=email&utm_campaign=BBU_072517+%281%29&he=3d7d5c820b147df634d30d16d3624ee95a7f88f5
PULTE EARNS $101 MILLION IN 2ND QTR
Takes $121 million charge related to disposition of land assets.
PulteGroup, Inc., Atlanta (NYSE:PHM) on Tuesday before market open reported net income was $101 million, or $0.32 per share, for its second quarter ended June 30, 2017. The gain compares with $118 million, or $0.34 per share, in the prior-year quarter. The profit fell two cents short of analyst expectations. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 25, 2017 at 06:20PM

Fla. foreclosures down 56% in two years IRVINE, Calif. – July 20, 2017 – According to ATTOM Data Solutions’ Midyear 2017 U.S. Foreclosure Market Report, Florida’s status as one of the nation’s top foreclosure states has improved, and the foreclosure crisis continues to heal. The Florida foreclosure rate dropped 34 percent in the first half of 2017 year-to-year, and it declined 56% since 2015. Florida, once the No. 1 foreclosure state, now ranks seventh. Florida continues to have a lengthy foreclosure process, however, with only three other states –New Jersey, Indiana and New York – taking longer. Overall, it takes 3.3 years (1,203 days) to foreclose in Florida, the time between a first notice and a final foreclosure sale. Nationally, foreclosures were down 20 percent year-to-year, and down 28 percent from the same time period two years ago, and the number of foreclosures in June alone dropped to the nation’s lowest level since. November 2005. “With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” says Daren Blomquist, senior vice president with ATTOM Data Solutions. In addition, banks are buying fewer of the foreclosures that go to auction. “More than 38 percent of properties sold at foreclosure auction in the first half of this year went to third-party buyers rather than back to the bank – the highest share we’ve ever seen going back as far as 2000, the earliest this data is available,” adds Blomquist. www.floridarealtors.org/NewsAndEvents/article.cfm?id=354435

Fla. foreclosures down 56% in two years
News Article
More info @ http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=354435
Fla. foreclosures down 56% in two years

IRVINE, Calif. – July 20, 2017 – According to ATTOM Data Solutions’ Midyear 2017 U.S. Foreclosure Market Report, Florida’s status as one of the nation’s top foreclosure states has improved, and the foreclosure crisis continues to heal.

The Florida foreclosure rate dropped 34 percent in the first half of 2017 year-to-year, and it declined 56% since 2015. Florida, once the No. 1 foreclosure state, now ranks seventh.

Florida continues to have a lengthy foreclosure process, however, with only three other states –New Jersey, Indiana and New York – taking longer. Overall, it takes 3.3 years (1,203 days) to foreclose in Florida, the time between a first notice and a final foreclosure sale.

Nationally, foreclosures were down 20 percent year-to-year, and down 28 percent from the same time period two years ago, and the number of foreclosures in June alone dropped to the nation’s lowest level since. November 2005.

“With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” says Daren Blomquist, senior vice president with ATTOM Data Solutions.

In addition, banks are buying fewer of the foreclosures that go to auction. “More than 38 percent of properties sold at foreclosure auction in the first half of this year went to third-party buyers rather than back to the bank – the highest share we’ve ever seen going back as far as 2000, the earliest this data is available,” adds Blomquist.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=354435 Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 21, 2017 at 08:52AM

Consumer confidence is up in June and is the most optimistic sentiment recorded for June in the last decade. What does it mean for spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on confidence, spending, happiness, and the automotive outlook. • Prosper Consumer Confidence: This month, 54% of consumers are confident or very confident in the economy, rising two points from May and nearly 8 points year-over-year. From a historical perspective, this month’s figure is the most optimistic sentiment recorded for June within the last decade.

Robust Confidence Heading Into Second Half of 2017
Consumer confidence is up in June and is the most optimistic sentiment recorded for June in the last decade. What does it mean for spending?
More info @ https://www.forbes.com/sites/forbesinsights/2017/07/11/robust-confidence-heading-into-second-half-of-2017/#4f3fdb597f17
Consumer confidence is up in June and is the most optimistic sentiment recorded for June in the last decade. What does it mean for spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on confidence, spending, happiness, and the automotive outlook.

• Prosper Consumer Confidence: This month, 54% of consumers are confident or very confident in the economy, rising two points from May and nearly 8 points year-over-year. From a historical perspective, this month’s figure is the most optimistic sentiment recorded for June within the last decade. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 20, 2017 at 03:54PM

With President Donald Trump recently announcing efforts to expand the nuclear-energy sector and export more coal – as part of his “America First Energy Plan” to reduce foreign oil dependence and costs for consumers – the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Most & Least Energy-Expensive States. For a better understanding of Americans’ energy costs relative to their location and consumption habits, WalletHub’s analysts compared the average monthly energy bills in each of the 50 states and the District of Columbia using a special formula that accounts for the following residential energy types: electricity, natural gas, motor fuel and home heating oil. Most Energy-Expensive States Least Energy-Expensive States 42 California ($257) 43 Arizona ($257) 44 New Mexico ($256) 45 Nebraska ($253) 46 Iowa ($251) 47 Illinois ($247) 48 Oregon ($246) 49 Colorado ($228) 50 Washington ($226) 51 District of Columbia ($219) Note: The dollar amount listed beside each state above reflects its average monthly energy bill. Best vs. Worst Hawaii has the lowest average monthly consumption of electricity per consumer, 489 kilowatt-hours, which is 3.1 times lower than in Louisiana, registering the highest at 1,521 kWh. Washington has the lowest average retail price for electricity, $0.0909 per kWh, which is 3.3 times lower than in Hawaii, registering the highest at $0.2960 per kWh. Illinois has the lowest average residential price for natural gas, $7.97 per 1,000 cubic feet, which is five times lower than in Hawaii, registering the highest at $40.08 per 1,000 cubic feet. The District of Columbia has the lowest average monthly motor-fuel consumption per driver, 25.90 gallons, which is 2.9 times lower than in Wyoming, registering the highest at 75.37 gallons. In Northeastern states, between 10 percent and 65 percent of households use heating oil to heat their homes, compared with less than 3 percent of households in the rest of the U.S. To view the full report and your state or the District’s rank, please visit: https://wallethub.com/edu/energy-costs-by-state/4833/

2017’s Most & Least Energy-Expensive States
2017’s Most & Least Energy-Expensive States Jul 12, 2017 | Richie Bernardo, Senior Writer 0 SHARES Get ready to crank up your air conditioner — and utility budget. July tends to be the hottest month of the year. So if your heat-averse body forces you to be more consumptive than conservative, this…
More info @ https://wallethub.com/edu/energy-costs-by-state/4833/
With President Donald Trump recently announcing efforts to expand the nuclear-energy sector and export more coal – as part of his “America First Energy Plan” to reduce foreign oil dependence and costs for consumers – the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Most & Least Energy-Expensive States.

For a better understanding of Americans’ energy costs relative to their location and consumption habits, WalletHub’s analysts compared the average monthly energy bills in each of the 50 states and the District of Columbia using a special formula that accounts for the following residential energy types: electricity, natural gas, motor fuel and home heating oil.
Most Energy-Expensive States Least Energy-Expensive States
42 California ($257)
43 Arizona ($257)
44 New Mexico ($256)
45 Nebraska ($253)
46 Iowa ($251)
47 Illinois ($247)
48 Oregon ($246)
49 Colorado ($228)
50 Washington ($226)
51 District of Columbia ($219)

Note: The dollar amount listed beside each state above reflects its average monthly energy bill.

Best vs. Worst
Hawaii has the lowest average monthly consumption of electricity per consumer, 489 kilowatt-hours, which is 3.1 times lower than in Louisiana, registering the highest at 1,521 kWh.

Washington has the lowest average retail price for electricity, $0.0909 per kWh, which is 3.3 times lower than in Hawaii, registering the highest at $0.2960 per kWh.

Illinois has the lowest average residential price for natural gas, $7.97 per 1,000 cubic feet, which is five times lower than in Hawaii, registering the highest at $40.08 per 1,000 cubic feet.

The District of Columbia has the lowest average monthly motor-fuel consumption per driver, 25.90 gallons, which is 2.9 times lower than in Wyoming, registering the highest at 75.37 gallons.

In Northeastern states, between 10 percent and 65 percent of households use heating oil to heat their homes, compared with less than 3 percent of households in the rest of the U.S.

To view the full report and your state or the District’s rank, please visit:
https://wallethub.com/edu/energy-costs-by-state/4833/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 20, 2017 at 03:31PM

Nestled in the cliffs of Lake Tahoe’s glistening north shore is Crystal Pointe, a 5.14-acre legacy estate boasting 16,232 square feet of living space that includes the main residence, beach house, guesthouse and caretaker’s apartment. This hillside haven is sprawled across 525 feet of Tahoe’s scenic lakefront and features two glass funiculars, eight bedrooms and 13 fireplaces in a hidden gem that can only be described as the epitome of luxury. And on top of that, all of it for sale. What exactly does it take to sell this $75 million dollar Nevadan palace and attract the rarest of buyers? https://www.inman.com/2017/07/17/could-you-market-this-75m-ultra-luxury-listing/?

Could you market this $75M ultra-luxury listing?
Nestled in the cliffs of Lake Tahoe’s glistening north shore is Crystal Pointe, a 5.14-acre legacy estate boasting 16,232 square feet of living space that includes the main residence, beach house, guesthouse and caretaker’s apartment.
More info @ https://www.inman.com/2017/07/17/could-you-market-this-75m-ultra-luxury-listing/
Nestled in the cliffs of Lake Tahoe’s glistening north shore is Crystal Pointe, a 5.14-acre legacy estate boasting 16,232 square feet of living space that includes the main residence, beach house, guesthouse and caretaker’s apartment. This hillside haven is sprawled across 525 feet of Tahoe’s scenic lakefront and features two glass funiculars, eight bedrooms and 13 fireplaces in a hidden gem that can only be described as the epitome of luxury. And on top of that, all of it for sale. What exactly does it take to sell this $75 million dollar Nevadan palace and attract the rarest of buyers?
https://www.inman.com/2017/07/17/could-you-market-this-75m-ultra-luxury-listing/? Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 19, 2017 at 08:53AM

Chase Home Lending, which partnered with search-engine giant Google, to present a behind-the-scenes look at what homebuyers are Googling, and the results provide a window into what buyers really think. The report is based on actual Google search data for the past several years. According to the report, one of homebuyers’ top concerns is affordability, i.e. how much house will they be able to afford. The report showed that in 2016, consumers made 34% more searches around affordability than the year before. In fact, the top three-mortgage related questions asked in Google are all related to affordability. The top mortgage-related question asked in Google over the last two years was: How much mortgage can I afford? Followed by: How much mortgage can I qualify for?; and: What mortgage can I afford? The report also showed that first-time homebuyers and Millennials are increasing their mortgage-related searches, indicating that younger buyers are preparing to (and actually) buying homes. The report showed that so far in 2017, 44% of Google searches in the mortgage category are for first-time buyer mortgages, up 11% from last year. In fact, the data showed that search activity for first-time buyer mortgages is at an all-time high. Chase said that the increase is also being seen in its mortgage originations, as customers under age 35 made up 36% of Chase’s new mortgages in 2016, which is up 16% from 2015. The report also showed that more and more people are turning to their phones to help in their search for a mortgage. According to the report, mobile searches for mortgage-related information and home equity lines of credit increased between 30-50% every year from 2013-2016. The report also broke things down geographically. According to the Google data, consumers in the southern part of the country were much more likely to search for mortgage information online. The report showed that in the last three years, the South is responsible for 37% of the mortgage searches, compared to 26% for the western part of the country, 19% for the Northeast, and 18% in the Midwest. The report also showed that homebuyers’ preference for a fixed-rate mortgage is increasing. According to the report, people in Florida searched for fixed-rate mortgages 30% more in 2016 than in 2015, compared to increases of 18% in New York, 9% in Illinois, and 6% in California in the same time period. Much of the data in the report, and some additional information about what kind of houses people are searching for can been seen in the infographic below.https://www.housingwire.com/articles/40691-what-are-homebuyers-really-searching-for-google-gives-us-the-answer-literally

What are homebuyers really searching for? Google gives us the answer, literally
What do homebuyers really think about when they’re looking for a home or a mortgage? What do they really want to know about the homebuying process? What is really driving them? What do they really care about? A unique new report from Chase and Google presents a behind-the-scenes look at what homebuy…
More info @ https://www.housingwire.com/articles/40691-what-are-homebuyers-really-searching-for-google-gives-us-the-answer-literally
Chase Home Lending, which partnered with search-engine giant Google, to present a behind-the-scenes look at what homebuyers are Googling, and the results provide a window into what buyers really think.

The report is based on actual Google search data for the past several years.

According to the report, one of homebuyers’ top concerns is affordability, i.e. how much house will they be able to afford.

The report showed that in 2016, consumers made 34% more searches around affordability than the year before.

In fact, the top three-mortgage related questions asked in Google are all related to affordability.

The top mortgage-related question asked in Google over the last two years was: How much mortgage can I afford?

Followed by: How much mortgage can I qualify for?; and: What mortgage can I afford?

The report also showed that first-time homebuyers and Millennials are increasing their mortgage-related searches, indicating that younger buyers are preparing to (and actually) buying homes.

The report showed that so far in 2017, 44% of Google searches in the mortgage category are for first-time buyer mortgages, up 11% from last year.

In fact, the data showed that search activity for first-time buyer mortgages is at an all-time high.

Chase said that the increase is also being seen in its mortgage originations, as customers under age 35 made up 36% of Chase’s new mortgages in 2016, which is up 16% from 2015.

The report also showed that more and more people are turning to their phones to help in their search for a mortgage.

According to the report, mobile searches for mortgage-related information and home equity lines of credit increased between 30-50% every year from 2013-2016.

The report also broke things down geographically.

According to the Google data, consumers in the southern part of the country were much more likely to search for mortgage information online.

The report showed that in the last three years, the South is responsible for 37% of the mortgage searches, compared to 26% for the western part of the country, 19% for the Northeast, and 18% in the Midwest.

The report also showed that homebuyers’ preference for a fixed-rate mortgage is increasing.

According to the report, people in Florida searched for fixed-rate mortgages 30% more in 2016 than in 2015, compared to increases of 18% in New York, 9% in Illinois, and 6% in California in the same time period.

Much of the data in the report, and some additional information about what kind of houses people are searching for can been seen in the infographic below.https://www.housingwire.com/articles/40691-what-are-homebuyers-really-searching-for-google-gives-us-the-answer-literally Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
July 18, 2017 at 09:35PM