Uber co-founder launches new real estate venture for Expa called Haus by Jordan Crook

Garrett Camp, Uber cofounder and CEO of Expa Studios, is today unveiling Expa’s latest project, Haus. Haus is the studio’s first real estate play and focuses entirely on the buying and selling of residential property, digitizing and organizing offers from buyers so that all parties (the buyer, seller, and agents) have more transparency and immediacy … More Uber co-founder launches new real estate venture for Expa called Haus by Jordan Crook

U.S. Median Home Sale Price Reaches New All-Time High in June 1 Percent Above Previous Peak in July 2005 Following 52 Consecutive Months of Increases; But Pace of Price Appreciation Slowing in 54 Percent of 349 Counties Analyzed; Q2 2016 Distressed Sales and Cash Sales Drop to Lowest Level Since 2007

IRVINE, Calif. – July 28, 2016 — ATTOM Data Solutions (the new parent company of RealtyTrac), the nation’s leading source for comprehensive housing data, today released its June and Q2 2016 U.S. Home Sales Report, which shows that single family homes and condos sold for a median price of $231,000 in June 2016, up 6 … More U.S. Median Home Sale Price Reaches New All-Time High in June 1 Percent Above Previous Peak in July 2005 Following 52 Consecutive Months of Increases; But Pace of Price Appreciation Slowing in 54 Percent of 349 Counties Analyzed; Q2 2016 Distressed Sales and Cash Sales Drop to Lowest Level Since 2007

Judge Orders Deutsche to Face Subprime Mortgage Suit – DS News Kendall Baer

U.S. District Judge Deborah Batts rejected Deutsche Bank AG (DBKGn.DE)’s bid to dismiss claims with respect to roughly $2.55 billion of securities sold in November 2007 and February 2008, sayings the German bank must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its … More Judge Orders Deutsche to Face Subprime Mortgage Suit – DS News Kendall Baer

The Week Ahead: Vacancy Rates Treading Water – DS News Kendall Baer

National vacancy rates were 7.0 percent for rental housing and 1.7 percent for homeowner housing in the first quarter 2016, according to a report from the Department of Commerce’s Census Bureau. The rental vacancy rate of 7.0 percent was 0.1 percentage point lower than the rate in the first quarter 2015 and was virtually unchanged … More The Week Ahead: Vacancy Rates Treading Water – DS News Kendall Baer

Mortgage Debt-to-GDP Ratio Will Start Turning North by Kendall Baer

Mortgage debt’s share of total GDP, from 1951-2009, experienced frequent growth, interspersed with a few periods of plateau or decline, according to a report from Matthew Schreck, Quantitative Research Analyst for Ten-X. Schreck says the rapid appreciation in home prices throughout the 2000s, culminating in the housing bubble peak and resultant bust in 2009, is … More Mortgage Debt-to-GDP Ratio Will Start Turning North by Kendall Baer

Regional Breakdown Here are how existing-home sales fared across the country in June:

Northeast: existing-home sales dropped 1.3 percent to an annual rate of 760,000, but remain 5.6 percent higher than a year ago. Median price: $284,800, which is 1.4 percent above a year ago. Midwest: existing-home sales climbed 3.8 percent to an annual rate of 1.35 million and are now 4.7 percent higher than a year ago. … More Regional Breakdown Here are how existing-home sales fared across the country in June:

11 million Americans spend half their income on rent by Kathryn Vasel CNN

Household budgets are taking a hit Losing such a large portion of a paycheck to cover housing means cutting back in other areas. “When you have to dedicate such a high proportion of your income to rent every month, it forces you to make difficult decisions,” said Dan McCue, a senior research associate at the … More 11 million Americans spend half their income on rent by Kathryn Vasel CNN

Are Some Markets on the Brink of Another Bubble? By Kendall Baer DS News

When the housing market starts to exhibit characteristics of a potential housing bubble similar to the one experienced in 2007, such as home prices rising faster than inflation or bidding wars increasing in regularity, it’s easy to expect a potential crash in the future. But according to a report from Realtor.com, despite the warning clouds … More Are Some Markets on the Brink of Another Bubble? By Kendall Baer DS News

533,813 U.S. Properties With Foreclosure Filings in First Six Months of 2016, Down 11 Percent From a Year Ago

IRVINE, CA–(Marketwired – July 14, 2016) – RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Midyear 2016 U.S. Foreclosure Market Report™, which shows a total of 533,813 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2016, down 20 … More 533,813 U.S. Properties With Foreclosure Filings in First Six Months of 2016, Down 11 Percent From a Year Ago

The Week Ahead: Existing-Home Sales Look to Repeat Posted By xhevrije On July 17, 2016 @ 11:00 am In Daily Dose,Headlines,News

Existing-home sales in May hit their highest pace in almost a decade, according to last month’s report from the National Association of Realtors [1] (NAR). In anticipation of the report for June coming out next week, it is important to note the uptick in demand this spring that has been shown so far amidst lagging … More The Week Ahead: Existing-Home Sales Look to Repeat Posted By xhevrije On July 17, 2016 @ 11:00 am In Daily Dose,Headlines,News