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  • Fri, Oct 19 2018
  • 7:43 PM » Spending Big Bucks to Make a New House Look Old
    Published Fri, Oct 19 2018 7:43 PM by www.realtor.com
    Wealthy homeowners are spending big to make brand new construction look old, integrating huge architectural artifacts-from intact staircases to 20-foot-long wooden bars-into newly built homes. This demands willing and skilled craftsmen, lots of patience-and plenty of money. The post Spending Big Bucks to Make a New House Look Old appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 3:22 PM » Why Are Home Sales Falling? What Buyers and Sellers Should Know
    Published Fri, Oct 19 2018 3:22 PM by www.realtor.com
    The economy is booming, more folks are employed and earning good wages. The crazy home price hikes are beginning to slow. So why are home sales falling? The post Why Are Home Sales Falling? What Buyers and Sellers Should Know appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 3:21 PM » Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level
    Published Fri, Oct 19 2018 3:21 PM by Reuters
    Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday.
  • 2:34 PM » Bank of England's Carney says system ready for 'cliff-edge' Brexit, though it's unlikely to happen
    Published Fri, Oct 19 2018 2:34 PM by CNBC
    The U.K.'s banking system is prepared to handle a much worse outcome from Brexit than is likely to happen, Bank of England Governor Mark Carney says.
  • 2:33 PM » BLS: Unemployment Rates Lower in 9 states in September, Six States at New Series Lows
    Published Fri, Oct 19 2018 2:33 PM by Calculated Risk Blog
    From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in September in 9 states , higher in 4 states, and stable in 37 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Sixteen states had jobless rate decreases from a year earlier and 34 states and the District had little or no change. ... Hawaii had the lowest unemployment rate in September, 2.2 percent. The rates in Arkansas (3.5 percent), California (4.1 percent), Idaho (2.7 percent), South Carolina (3.3 percent), Texas (3.8 percent), and Washington (4.4 percent) set new series lows. (All state series begin in 1976.) Alaska had the highest jobless rate, 6.5 percent. emphasis added Click on graph for larger image. This graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 1976. At the worst of the great recession, there were 11 states with an unemployment rate at or above 11% (red). Currently only one state, Alaska, has an unemployment rate at or above 6% (dark blue).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:31 PM » Mortgage and Cryptocurrency: Can Bitcoin Pay for Your Home?
    Published Fri, Oct 19 2018 2:31 PM by www.redfin.com
    Thinking of selling your cryptocurrency and applying for a mortgage? Click here for the full report. The post Mortgage and Cryptocurrency: Can Bitcoin Pay for Your Home? appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 12:38 PM » Investors can get big tax breaks if they invest in 'opportunity zones' under new Treasury rules
    Published Fri, Oct 19 2018 12:38 PM by CNBC
    The opportunity zones come with several tax advantages. Capital gains placed in a certified opportunity zone fund will not be taxed through the end of 2026 or when the investment is sold, whichever comes first.
  • 11:28 AM » Homeowners poised to start tapping $14.4 trillion in equity
    Published Fri, Oct 19 2018 11:28 AM by CNBC
    With home equity at an all-time high, and about $1 trillion above its pre-recession peak, homeowners could start turning more often to this source of lower-cost debt.
  • 11:05 AM » Here's what's happening in Italy and why it's hurting markets
    Published Fri, Oct 19 2018 11:05 AM by CNBC
    Italy's rule-defying budget plan is fast-becoming a key concern for global markets, as investors monitor the growing likelihood of a showdown between the EU and Rome's populist government.
  • 9:10 AM » Merrill on House Prices
    Published Fri, Oct 19 2018 9:10 AM by Calculated Risk Blog
    A few excerpts from a Merrill Lynch note on house prices: Home prices nationally, as measured by the S&P CoreLogic Case-Shiller index are running at 6.0% yoy as of the latest data in July. Assuming some modest slowing into the end of the year, we believe we are on track for home prices to end up 5.0% this year, as measured by 4Q/4Q change. As we look ahead into next year, we expect the slowing in home prices to persist, leaving home price appreciation (HPA) of 3% at the end of 2019 . Home prices are ultimately anchored to a fair value which is a function of income growth. Based on the OECD's methodology, we compare nominal Case-Shiller home prices with disposable income per capita, indexed to 100 in 1Q 2000 (Chart 4) which shows the overvaluation during the housing bubble given the irrational exuberance in the market and easy credit conditions. The housing bust left prices to tumble back below fair value. Based on our calculation, prices are once again overvalued on a national level, albeit not nearly as much as during the bubble period. Over time the overvaluation can be solved in two ways: 1) home prices grow at a rate below income for a period of time to close the gap; 2) home prices decline to correct the valuation difference. The pull to fair value can be quite strong. Click on graph for larger image. This chart from Merrill Lynch shows their calculation of house prices vs. disposable income.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:07 AM » Italian bond yields spike to 4-year highs as the EU slams its new budget plan
    Published Fri, Oct 19 2018 8:07 AM by CNBC
    Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grew cautious over lending to the embattled government after it unveiled new budget plans.
  • 8:05 AM » Banks urge US regulators to reconsider 'Volcker Rule' tweaks
    Published Fri, Oct 19 2018 8:05 AM by CNBC
    Banks pushed back on how regulators are attempting to simplify rules prohibiting banks from trading on their own account.
  • 8:05 AM » Euro, Italian bonds sold as EU warns on Italy budget
    Published Fri, Oct 19 2018 8:05 AM by Reuters
    Investors sold Italian bonds and the euro on Friday, with Italy's bond yield hitting four-year highs as the European Union called its draft budget an "unprecedented" breach of EU fiscal rules.
  • 8:05 AM » Italy's budget crisis threatens the entire EU project, strategist says
    Published Fri, Oct 19 2018 8:05 AM by CNBC
    The European Union needs to be "sensible" in how it deals with the Italian budget crisis or the entire project could come to an end, one strategist told CNBC Friday morning.
  • 8:01 AM » Robert Toll Steps Down as Executive Chairman of Toll Brothers
    Published Fri, Oct 19 2018 8:01 AM by Bloomberg
    Bloomberg Robert Toll Steps Down as Executive Chairman of Toll Brothers Bloomberg Robert Toll will step down from his position as executive chairman of the homebuilder he co-founded, effective Nov. 1. Chief Executive Officer Doug Yearley will become chairman of Toll Brothers Inc., the company said. Toll, 77, will continue to serve ... and more »
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