Kipling Real Estate News
Friday Mar 27 | via Housing Wire
Earlier this week RealtyTrac reported that wage growth has fallen behind home price growth by a ratio of 13:1 in three out of every four markets in the United States surveyed. Now comes a report from the Federal Reserve Bank of Cleveland that, perhaps counter-intuitively, wages grew faster during the recession, and became stagnant in the "recovery." Comment?
Wednesday Mar 18 | via Toledo Blade
Last year in Lucas County, nearly 1 in 3 home buyers made down payments of 3 percent or less, according to a new study of home buying in 386 counties nationwide by real estate data firm RealtyTrac. Considering that Lucas County's median home price was $76,075 at the end of December, a down payment of 3 percent equated just $2,282. Comment?
Tuesday Mar 10 | via Credit.com
Foreclosure activity in the U.S. declined 9.39% from February 2014 to February 2015, with one in every 1,295 housing units in some stage of foreclosure last month. That's the lowest the national foreclosure rate has been since July 2006, according to RealtyTrac's monthly report on the foreclosure market. Comment?
Tuesday Mar 17 | via Daily Herald
The Indiana Bureau of Motor Vehicles could soon issue photo-less state identification cards under a proposal that an Indiana Senate committee passed Tuesday. The Homeland Security and Transportation Committee voted 8-0 to approve the measure, which would allow a religious exemption to Indiana's photo requirement on state IDs. Comment?
Friday Mar 13 | via WTOV9
A new report that suggests draining a central Ohio lake to prevent a potentially catastrophic dam failure has area homeowners worried about plunging property values. A U.S. Army Corps of Engineers report released Wednesday says the 180-year-old dam at Buckeye Lake, about 30 miles east of Columbus, should be replaced immediately. Comment?
3 min ago | via KBCI CBS 2
U.S. home prices rose at a steady pace in January, pushing prices up at a faster pace than wages and putting more homes financially out of reach for would-be buyers. The Standard & Poor's/Case-Shiller 20-city home price index rose 4.6 percent in January compared with 12 months earlier, S&P said Tuesday. Comment?
8 min ago | via The Hollywood Gossip
OK! Magazine reported today that Teresa and husband Joe will allow their New Jersey mansion to go into foreclosure some time in the near future. The Giudices have tried to sell their house , but have apparently struggled to find a buyer, and with one of them locked up and the other unemployed, it seems the former reality stars have run out of options. Comment?
9 min ago | via San Diego Source
Home prices in 20 U.S. cities appreciated at a faster pace in the year ended in January, indicating the residential real estate market continues to firm. Comment?
10 min ago | via San Diego Source
The San Diego Association of Governments routinely projects that the county needs 12,000 new housing units each year to achieve a supply/demand balance. That projection relates to an average of 1.24 jobs per household; thus, a projection of 13,300 new jobs each year. Comment?
10 min ago | via WVII
With across the board growth in all measurement categories including another new record for membership, the popularity of Maine's credit unions continued to soar in 2014. According to recently released year-end statistics of Maine's 60 credit unions, as reported by the Maine Credit Union League, assets, loans and savings all saw healthy increases during the past year. Comment?
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