Can I force my co-owner to sell a property? In this installment of his Real Estate Q&A column, Rose Law Group Real-Estate Litigation-Department Chairman Adam Martinez explains what happens in Arizona “when multiple owners cannot agree on the use or disposition of real estate.” Check it out, in Rose Law Group Reporter. http://bit.ly/2ihRYUi
Pollack: In a word–optimism. “[M]ediocre results for… GDP growth… coming to an end…. [C]onsumer sentiment [is] at new highs… This index began to take off… following Trump’s victory as… respondents… expected favorable impact of new economic policies…” Other highlights in this week’s edition of The Monday Morning Quarterback… U.S: Income & Savings, Mortgage Rates, New & Existing Home Sales, Corporate Profits, Manufacturing. AZ: Housing Permit Activity – Greater Phoenix & Tucson. http://bit.ly/2hwSSNp
Trump win could usher in boom for U.S. housing, says Shiller. “[A]ccording to [Yale University economics professor] and Nobel laureate Robert Shiller… ‘I think we’re at a turning point. The numbers that we’re reporting today are October, before the Trump election, and everything looks different now…’” But is he actually “forecasting a boom”? Click to Bloomberg to find out — plus get Shiller’s take on the recent rise in mortgage rates. http://bit.ly/2ihOvW1
FLIPPING OFF/ FLIPPING ON – As home prices rise, flippers make a comeback. “The number of investors who flipped a house in the first nine months of 2016 reached the highest level since 2007…. [O]ne-third of the deals were financed with debt, a percentage not seen in eight years…. Wall Street… is getting back into the action. A number of banks are arranging financing vehicles for house-flippers…” As one flipper puts it this WSJ report: “The floodgates have opened.” http://bit.ly/2iEO3xE
Housing gains highlight economic divide. “[H]omes in ZIP Codes where the median value is $500,000 to $1 million are now worth 103% more than they were 16 years ago… In ZIP Codes where the median home was worth $100,000 to $150,000, [they] are now worth 24% more than they were in 2000.” The Wall Street Journal looks at the results of a study by Weiss Analytics and how this ‘economic divide’ also correlates to a gap along political lines (i.e., housing gains in Trump-country vs. Clinton-country). http://bit.ly/2ir7xWU
CLOSING TIME – Goodbye new normal: Time to close a loan ticking back up. “After settling back around 46 days, the time to close a loan is starting to tick higher again [at ’49 days’], getting close to this year’s high [of ’50 days’], according to the latest Origination Insight Report from Ellie Mae.” Further details including refi/purchase closing times along with the number of days to close, pre/post TRID — in HousingWire. http://bit.ly/2httVQY
Is the bubble out west about to burst? RISMedia poses the question based on its review of “Clear Capital’s recent Home Data Index (HDI) Market Report.” According to the report, “San Jose, Calif. — one of the nation’s leading markets since the bust — posted negative 0.3 percent last quarter…” Click through to see why one Clear Capital VP calls this dip in home prices “a huge deal.” Also find out — according to the report — what “[o]ther markets in California are also positioned to pop.” —> http://bit.ly/2irbJGv
Cameron’s $5M + deals of the day – http://bit.ly/2iENx2G
|