Relevant News Links: Friday, May 29th

RNL

“Every thought willingly contemplated, every word meaningly spoken, every action freely done, consolidates itself in the character, and will project itself onward in a permanent continuity.”  –Henry Giles

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City-by-city look at house prices, as San Francisco surges again

Here’s a city-by-city look at house prices, as the S&P/Case-Shiller 20-city composite showed a 0.9% monthly gain for March and a 5% year-on-year gain.

http://www.marketwatch.com/story/city-by-city-look-at-house-prices-as-san-francisco-surges-again-2015-05-26

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Pending home sales rise to highest in nine years in April

Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors.

http://www.housingwire.com/articles/34021

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Waiting to buy a home could cost tens of thousands

Almost $20K lost for waiting just one year, far more in hottest markets

http://www.housingwire.com/articles/34012-realtorcom-waiting-to-buy-a-home-could-cost-tens-of-thousands

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Must-haves to sell to young homebuyers

The millennial generation is becoming an increasingly important part of the housing market. According to a 2015 National Association of Realtors study that looked at generational housing trends, millennials (or Generation Y), those born between 1980 and 2000, comprise the largest segment of the buyer market, behind only Generation X, which covers those born between 1965 and 1979.

http://www.bankrate.com/finance/real-estate/must-haves-to-sell-to-young-homebuyers-1.aspx

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Mortgage rates finally fall, ending 4-week rise

The rate on the most popular mortgage finally backed down after four straight weeks of increases, persuading some people to borrow. But rates are still about an eighth of a percentage point higher than a month ago

http://www.bankrate.com/finance/mortgages/mortgage-analysis-052815.aspx

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What Mortgage Lenders Look For When You Apply For a Loan

Some lenders can be so picky that it seems impossible to qualify. Fortunately, the process is simplified when you know what lenders want.

http://www.biggerpockets.com/renewsblog/2015/05/20/4-mortgage-lenders-apply/

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Money can buy happiness

Study examines the relationship between income and well-being

http://www.economist.com/blogs/graphicdetail/2013/05/daily-chart-0

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New Lift For New-Home Prices

Prices of newly built homes are on the rise again, illustrating that home builders are grappling with the same supply-and-demand problems bedeviling the existing home market.

http://mansionglobal.com/articles/2620

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China’s rich seek own islands

AS SUNSET falls on his private island in the South China Sea, entrepreneur Lin Dong likes few things better than to lounge on a hammock strung between two trees as waves lap the shore.

http://www.news.com.au/finance/money/far-from-the-madding-crowd-chinas-rich-seek-own-islands/story-e6frfmci-1227375361588

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In Real Estate, Golf Ups Its Game

To sell homes, golf communities can’t just stick to golf. Luxury developments now include amenities like fishing ponds, skate parks, orchards and movie theaters to attract wealthy buyers

http://mansionglobal.com/articles/2609

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A Guide to Large Mortgages in the U.K.

British banks will accommodate wealthy home buyers from abroad; here’s what borrowers should know

http://mansionglobal.com/articles/2601

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Max Greenfield and comedian Leslie Grossman navigate the house buying process playing Would You Rather

Finding your way home has never been so fun. #MaxAtHome – See more at: http://www.trulia.com/blog/author/maxathome/

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Why a jump in pending home sales may not mean more closings

There was good news for the U.S. housing market Thursday morning: A gauge of upcoming sales of existing homes rose last month to the highest level in nine years, the National Association of Realtors reported.

http://www.marketwatch.com/story/will-a-jump-in-pending-home-sales-translate-into-more-deals-2015-05-28

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10 uncomfortable truths about the midlife crisis

Break out the bubbly — or the Xanax. The midlife crisis turns 50 this year, a milestone birthday for the concept that the late Canadian psychoanalyst Elliott Jaques is credited with coining in 1965.

http://www.marketwatch.com/story/10-things-your-midlife-crisis-wont-tell-you-2015-05-22?mod=MW_story_recommended_default&Link=obnetwork

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S&P/CASE-SHILLER HOME PRICE INDICES

The S&P/Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. For a list of additional indices, please refer to the S&P/Case-Shiller Home Price Index Methodology.

http://us.spindices.com/index-family/real-estate/sp-case-shiller

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U.S. House Prices Rise 1.3 Percent in First Quarter

U.S. house prices rose 1.3 percent in the first quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  This is the fifteenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index.

http://www.fhfa.gov/Media/PublicAffairs/Pages/US-House-Prices-Rise-1-3-Percent-in-First-Quarter-2015.aspx

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New-home sales off to strongest start in seven years

Sales of new homes in the U.S. snapped back in April, and shoppers have been more active in the first four months of 2015 than any time in the past seven years, new government figures show

http://www.marketwatch.com/story/new-home-sales-off-to-strongest-start-in-seven-years-2015-05-26

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Consumer confidence edges higher in May

The Conference Board reported a slight rise in consumer confidence in May. Its index rose to 95.4 from 94.3 in April, as a gain in the present situation index outweighed a small loss in expectations

http://www.marketwatch.com/story/consumer-confidence-edges-higher-in-may-2015-05-26

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Sale Of Michael Jackson’s $100 Million Neverland Ranch Would Be Win For Colony Capital

Michael Jackson’s former Neverland Ranch has hit the market for $100 million, the The Wall Street Journal was first to report this week

http://www.forbes.com/sites/erincarlyle/2015/05/29/sale-of-michael-jacksons-100-million-neverland-ranch-would-be-win-for-colony-capital/

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Michael Jackson’s Onetime Neverland Lists for $100 Million

The 2,700-acre California estate no longer has amusement park rides or many exotic animals, though the train station is still in place.

http://www.wsj.com/articles/michael-jacksons-onetime-neverland-lists-for-100-million-1432838117

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Chambers Bay: Designed to Irritate the Pros

The new U.S. Open venue in Washington has numerous features that will vex players; holes alternating par and length

http://www.wsj.com/articles/chambers-bay-designed-to-irritate-the-pros-1432936778?mod=WSJ_article_EditorsPicks_0

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Oregon agency asks for $100M to build affordable housing

Gov. Kate Brown and other political forces in Oregon are standing behind a landmark request for $100 million for new affordable housing that will face off against budget realities and concerns about whether now is the time for that kind of investment.

http://www.bendbulletin.com/localstate/3156648-151/oregon-agency-asks-for-100m-to-build-affordable

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Construction surge has Washington County ‘booming again’

It’s taken eight years, but construction activity in Washington County is nearly back to pre-Great Recession levels.

http://www.oregonlive.com/washingtoncounty/index.ssf/2015/05/construction_surge_has_washing.html#cmpid=nwsltrhead

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5 Splashy Bird Baths for Your Yard

Add new wings to your home this summer with a bird bath that’s anything but sparrow-dull

http://www.wsj.com/articles/5-splashy-bird-baths-for-your-yard-1432910693

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The Odyssey of R. Crumb

The counterculture cartoonist looks back on his many homes

http://www.wsj.com/articles/the-odyssey-of-r-crumb-1432742178

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A Contemporary ‘Old’ Canal House in Amsterdam

A courageous couple in Amsterdam builds a 21st-century version of an old Dutch canal house.

http://www.wsj.com/articles/a-contemporary-old-canal-house-in-amsterdam-1432824624

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Hispanics to Drive Housing Demand in Coming Decades, But Obstacles Persist

Hispanic homeowners make up a huge portion of potential future housing demand in the country. The problem is that many can’t afford to buy homes, a new report says.

http://blogs.wsj.com/developments/2015/05/28/hispanics-to-drive-housing-demand-in-coming-decades-but-obstacles-persist/

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The MarketPulse

The MarketPulse provides monthly insight into the current and future health of the U.S. economic climate with particular focus on housing and mortgage metrics

http://www.corelogic.com/about-us/researchtrends/the-marketpulse.aspx#.VNVmOPmjNpU

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HOUSING STATISTICS

Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.

http://www.nahb.org/reference_list.aspx?sectionID=819&channelID=311

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Bureau of Economic Analysis

U.S. Economy at a Glance

http://www.bea.gov/index.htm

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U.S. Housing Market Tracker

The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.

http://graphics.wsj.com/us-housing-market/

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Mortgage Market Survey Archive

Compilation of Weekly Survey Data for 2015

http://www.freddiemac.com/pmms/archive.html

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