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Rising mortgage rates, home prices a sign of affordability issues

[ad_1] The high number of home sales both above and below the list price in May, combined with rising mortgage rates and prices, was a sign buyers are near affordability limits, Redfin said. During May 27.6% sold above their list price, the highest percentage Redfin has recorded, indicating there was strong competition for the few homes available. On the other hand, nearly a quarter of homes for sale had a price drop during the month. This was the highest percentage…

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2018 Summer Housing Trends To Know

[ad_1] Posted on: June 14, 2018 The busy summer season is here. The housing market tends to pick up during the summer, but with how hot the housing market has been lately, it’s hard to imagine things moving quicker. With how predictable the housing market has been during the summer during recent years, it would be easy to guess that 2018 won’t be any different. However, the current housing market is in a much different environment than it was just…

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FHA Home Loan Questions And Answers About The Appraisal Process

[ad_1] The FHA loan appraisal process is potentially confusing to a new borrower. If you are serious about purchasing a specific property with an FHA mortgage, the appraisal is an important step in the loan approval portion of your house hunting experience because it tells the lender whether the property is suitable for an FHA mortgage.What Is The FHA Appraisal And What Does It Do? FHA appraisals are performed when you want to purchase a specific property with a home…

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Green mortgages can help unlock £47bn of energy efficiency

[ad_1] This is according to E.ON UK CEO Michael Lewis (pictured) speaking today at the launch of the Energy Efficient Mortgages Pilot Scheme. The aim of the Energy Efficient Mortgage is to create a loan product for homebuyers to buy an energy efficient property or to improve the energy efficiency of their home. They will be incentivised by access to a cheaper mortgage. The assumption is that if a property is energy efficient, utility bills will be lower so a…

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What to Do in a Changing Real Estate and Mortgage Market

[ad_1] As if the shortage of homes for sale wasn’t severe enough, now rising interest rates are making the spring buying season extra challenging across the nation. The latest analysis and forecasting of market information by organizations such as National Association of Realtors (NAR), the St. Louis Federal Reserve, and highlights the shortage in inventory. Meanwhile, the California Association of Realtors (CAR) is reporting some good news in California. Read on to get the latest data, but don’t take…

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UBS’ London building just sold for $100 million… per floor

[ad_1] A 13-floor “groundscraper” in London has been sold for $1.3 billion. The building in the city’s financial district was bought by a subsidiary of CK Asset Holdings, the property company founded by Hong Kong’s richest man, Li Ka-shing. 5 Broadgate is currently the London headquarters of Swiss bank UBS (UBS) and 5,000 of its workers. Completed in 2015, the building has four trading floors and seven floors of office space. It also boasts a green roof and an array…

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Americans are spending like mad again

[ad_1] Americans are spending. A lot. And not just on Amazon. Retail sales rose 0.8% in May, the government reported Thursday — much better than expected. Spending was up 5.9% from a year ago. And the gains were broad: Spending surged at clothing stores, at restaurants and at home-improvement stores such as Home Depot (HD) and Lowe’s (LOW). In fact, the jump in spending at physical stores in May outpaced what the government calls nonstore retailers, a category that includes…

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Amex launches new cash back card

[ad_1] Cash back is king. American Express is launching a new card, called Cash Magnet, to give users cash-back flexibility, as well as flexibility in how they choose to pay. Amex has long catered to the high-end customer with exclusive rewards, but cash back cards are some of its most popular offerings, according to the company. This card aims to attract customers not necessarily in the luxury rewards chase, but who are looking for reliable, flexible cash back on every…

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Analyst Calculates Tesla Model 3 Cancellation Rate Is A Disastrous 66%

[ad_1] Vertical Group’s Gordon Johnson is hardly on Elon Musk’s holiday card list: two months ago, Johnson explained why, far worse than even more analyst estimates, there was a gaping $3.4 billion funding hole in Tesla’s balance sheet. Well, after yesterday’s glaring attempt at stock manipulation deep value investing by Elon Musk, Johnson is now officially at the top of Musk’s shit list because overnight the outspoken and contrarian analyst just downgraded Tesla to a street-low price target of $93…

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Mr and Mrs Couples Coffee Mugs Only $21.69 On Amazon!

[ad_1] These are such a beautiful classy deal to grab for your hubby for Fathers day or for a great gift for someone getting married! Luspan Mr and Mrs Couples Coffee Mugs – Unique Wedding Gift for Bride and Groom – Gift for Bridal Shower Engagement Wedding and Married Couples – Ceramic Marble Cups 13 oz – $21.69 Romantic gifts: Matching coffee mugs for couples,it’s great for daily use in all settings Gold and Marble Design with 13 oz ceramic…

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