Housing Market Slow to Hit Its Spring Stride
Expected Growth Remains Sluggish as Supply Issues Persist
A flurry of recent housing data suggests that the market’s spring selling season is getting off to a slow start, a worrisome sign after a winter of expectations that warmer weather would rekindle growth.
Reports from local real-estate agent groups in some of the markets that were the first to rebound, including Las Vegas, Phoenix and San Diego, show year-over-year declines in March home sales. February data for pending home sales nationally—a barometer of early-spring activity—show a decline of 11% from a year ago.
More here: http://online.wsj.com/news/articles/SB10001424052702303887804579503662947889776?mg=reno64-wsj
Real-Estate Crowdfunding Finds Its Footing
Sites Offer Small Shares in Commercial Properties
Before last year, Ed Medley had never invested in commercial real estate. Now, he’s a part-owner of shopping malls, mobile-home parks and apartment buildings from Los Angeles to Tennessee.
Dr. Medley’s springboard into real-estate investing was supplied by a process known as crowdfunding—the sale of shares in a venture, in this case real-estate projects, to hundreds or even thousands of individual investors. Dr. Medley, a consulting engineer and geologist in San Mateo, Calif., has invested in 15 properties, with a minimum of $5,000 in each.
See more here: http://online.wsj.com/news/articles/SB10001424052702303725404579459271078527790#printMode
US foreclosures fall to lowest quarterly level since mid-2007: RealtyTrac
The U.S. housing market is back on its feet, aided by rising home prices, steady job growth and fewer troubled loans.
More U.S. homeowners are also keeping up with their mortgage payments. March was the 42nd straight month where U.S. foreclosure activity dropped from year-ago levels.
See more here: http://www.cnbc.com/id/101571835
MBA: Mortgage Purchase Applications Increase, Refinance Applications Decrease
From the MBA: Mortgage Purchase Applications Increase in Latest MBA Weekly Survey
Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 4, 2014. …
Read more at http://www.calculatedriskblog.com/2014/04/mba-mortgage-purchase-applications_9.html#FB3XfLCQlyhJx7QL.99
Why Microsoft Office for the iPad just might make sense for your real estate business
Many brokerages, Realtors are invested in Microsoft’s ecosystem
Microsoft Office has finally arrived for the iPad. At a recent event in San Francisco, the veteran software developer announced that its flagship offering is now available in the App Store.
The Microsoft Office suite for iPad includes Word, Excel and PowerPoint. The newly rebranded OneDrive (formally SkyDrive) and OneNote are also available.
– See more at: http://www.inman.com/2014/04/08/why-microsoft-office-for-the-ipad-just-might-make-sense-for-your-real-estate-business/#sthash.oIFEOhPz.dpuf
US Tax Court ruling could save real estate trusts millions –
As we’ve discussed many times in this column, anyone who can qualify as a “real estate professional” for federal tax purposes enjoys some unique tax benefits.
First, a real estate professional who owns rental property is allowed to deduct an unlimited amount of rental losses each year. No one else can do this. Real estate pros can because they are not subject to the dreaded passive loss rules.
More here: http://www.inman.com/2014/04/07/us-tax-court-ruling-could-save-real-estate-trusts-millions/
‘Wealth Effect’ Drives Vacation-Home Sales
Stock Rally, Real-Estate Rebound Boost Market for Second Houses
Sales of vacation homes are surging again, the result of rising wealth in higher-income households and renewed confidence in the housing market.
The number of second homes acquired for part-time personal use jumped 30% last year to 717,000 homes, according to an annual survey by the National Association of Realtors. The gain was the largest since the association started tracking second-home sales in 2003.
More here: http://online.wsj.com/news/articles/SB10001424052702303847804579477770226322860?mod=ITP_pageone_1&mg=reno64-wsj