RIVERSIDE: Takano seeks reverse mortgage reform

Joan Serioux Forde, at 72, put out a cry for help from the reverse mortgage trap she fell into a little more than one year ago — after she buried her husband and was told soon after that she had to pay $293,000 to stay in her San Bernardino County home.

Forde had no choice but to let the manicured home on Pleasant Street fall to foreclosure.

She told The New York Times at the time, “I have nowhere to go.”

Forde’s plight — one that ultimately emptied the tidy home on a street lined with Austrian pine — offers little solace to those who are still caught in a web of confusion over the reverse mortgage documents that were signed by seniors or a deceased spouse.

“Situations like this come up time and time again,” Selvio Martinez, lead counselor with the Fair Housing Council of Riverside said. “I’m averaging two to three cases a week, give or take. What we’re finding of late is the advance loan is not keeping up with the rate of inflation. It’s being eaten up by medical bills, other debt.

“It’s become problematic,” Martinez said.

U.S. Rep. Mark Takano, D-Riverside, on Thursday said he is calling for the reverse mortgage market to be re-examined by the Federal Housing Administration for policy changes, saying the current program is frequently hurting Inland seniors like Forde.

Takano said the program is held together by glue and tax dollars. His call to action, based on a 13-page report, says 1 in every 10 reverse mortgages in the nation is in default and in jeopardy of foreclosure for these reasons:

A reverse mortgage can rack up interest and ongoing fees of more than $100,000 after 10 years and more than $300,000 after 20 years.

The decline in pensions, economic recession, cost-of-living adjustments, rising health care costs and increasing life expectancy has prompted seniors to look for alternate ways to supplement retirement income.

Ads promoting reverse mortgage options for seniors have featured trusted celebrities, including Henry Winkler, former Sen. Fred Thompson, Robert Wagner and Pat Boone, who imply that reverse mortgages are a government benefit, not a loan, and harbor no risks that seniors will lose their home.

Takano said there are many hidden risks.

Takano’s report says California as of 2012 had 99,356 insured reverse mortgages, 9,247 in Riverside County alone. Ten percent of the Riverside County loans were in default.

“It’s time for the federal government to reconsider its involvement with reverse mortgages and make crucial changes to the program to protect seniors and taxpayers,” Takano said.

Paul Bell, president and chief executive of the National Reverse Mortgage Lenders Association, said Takano’s call for action seems to be coming from out of the blue.

“I’ve been dealing with housing matters for 37 years now, and I’ve never heard of him. He’s not on any of the committees that deal with this, so I’m somewhat surprised by the whole thing.”

Bell also said HUD officials have been responsive and responsible administrators of the program.

Reverse mortgages can be marketed and sold by private companies, but the only reverse mortgage insured by the U.S. federal government is called a Home Equity Conversion Mortgage and is only available through a Federal Housing Administration-approved lender.

People who are at least age 62, live in the home and either own it outright or have significant equity in it might qualify for a reverse mortgage. Mostly, it allows you to access a significant portion — but not all — of the equity. Unlike a home equity loan, you don’t have to repay the loan. However, you will continue to be responsible for utilities, taxes and insurance coverage.

The loan is only due once the last surviving borrower dies or no longer lives in the home for 12 consecutive months or more. For an heir to keep the home, the loan balance must be paid. If not, the heirs must sell the property to pay off the loan.

“Given the economic downturn we had, many people have been under serious pressure to find streams of income,” Takano said, and many borrowers who took out lump sum reverse mortgages are living longer, finding out that inflation or medical bills ate away this nest egg or have learned they’ve been taken advantage of by an unscrupulous lender.

For many of the people we see, the money has run out, Martinez said, or the counseling they received was inferior. Borrowers say they feel like they’ve been tricked, Takano said.

With fewer and fewer homeowners retiring with a private pension — the pool shrunk from 62 percent in 1983 to 19 percent in 2010 — the odds that a senior will opt into a reverse mortgage is likely to continue to grow, Takano said.

In the 1990s, Takano’s report says less than 10,000 reverse mortgages were issued per year. In 2009, the number peaked at 114,412 loans. For the fiscal year ending 2013, the Federal Housing Administration backed 61,296 loans.

“I believe there are things we can do to protect seniors from unscrupulous lenders,” Takano said. “One is to require that they have fiduciary responsibility and act on behalf of the borrowers — either through law or regulation.”

Takano said he’d like to see the FHA put measures in place to require lenders to suggest other financial products that could meet seniors’ needs if a reverse mortgage would put them at risk. “I’d like to see lenders put more skin in the game.”

Right now, Takano said there’s a moral hazard to seniors because the FHA guarantees these loans.

The FHA should consider guaranteeing only a certain percentage of the loan value for high default investors, Takano said. He suggested a rule change that would make any lender with a high level of reverse mortgage defaults ineligible for 100 percent loan guarantees. “That would incentivize the lender to take on the best clients, and not push these loans on seniors who do not have the capacity to take them out,” Takano said.

Takano said he’d also like to see seniors get a free “look-over” period. In California, that can be up to 30 days. For a reverse mortgage, seniors only have three days to rescind their loan. This is not enough time to make a judgment call on something as serious as this, Takano said.

Industry spokesman Bell said he’ll be interested to see the recommendations, adding that when they spring up like this they can be duplicative and mimic other suggested changes that are either pending or already in place.

President Obama in August 2013 signed into law a bill that would grant the Department of Housing and Urban Development the right to establish additional requirements to improve the fiscal safety and soundness of the Home Equity Conversion Mortgage Program.

HUD has been working with National Reverse Mortgage Lenders Association and the mortgage industry since that time to put program changes in place to help protect borrowers and shore up the FHA’s insurance fund.

Suggested changes include a financial assessment of the borrowers, mandatory set asides or escrows for tax and insurance payments, restrictions on the draw and including the names of all spouses on the loans regardless of age.

Bell said a sophisticated counseling regime platform is already in place. A bill is also pending in California to add a “guide” to the check list that is followed for this type of lending, he said. “Barney Frank once said if the rest of mortgages in the U.S. had counseling reverse mortgages had, the nation wouldn’t have gone through the downturn,” Bell added.

For the Stokes family, of Moreno Valley, reform can’t come soon enough.

Tommy Stokes, a 2013 Riverside County teacher of the year, said his mother, Judy, is at her wits end over the “lies” he said he heard when his parents’ took out a reverse mortgage in 2007.

Stokes said they heeded all instructions, including the directive to take his mom’s name off the deed and put it on a living trust, so all she would have to pay was a reverse mortgage fee of $10,000 to $12,000 if her husband passed away.

“Once the grieving ended, we started to get the paperwork and were told, ‘Oops, that’s not the way it is: You can’t assume the loan, but you can buy the house,” Stokes said. The problem was, the house had assumed $268,000 in debt and it was only worth $175,000.

Now, Stokes said, his mother is living in fear for the knock at the door to tell her to get out.

“I’m heartbroken,” Judy Stokes said. “The idea of having to leave my home is like losing a part of my soul. It was nothing but a big old barn when we bought it, but we fixed it up inside and out. I had my dad living with me for many years. There are so many cherished memories here. I feel like they’ve legally stolen my home from me.”

Contact Debra Gruszecki at 951-368-9423 or dgruszecki@pe.com

Article source: http://www.pe.com/business/business-headlines/20140424-riverside-takano-seeks-reverse-mortgage-reform.ece

Expensive surprise with reverse mortgage

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Article source: http://www.bankrate.com/finance/mortgages/expensive-surprise-reverse-mortgage.aspx

Always Important, Real Estate's Influence Grows

The real estate industry has a significant role in the U.S. economy. Historically, real estate and related industries accounted for roughly 18% of GDP. While the economy slumped following the decline of the housing market, record low mortgage rates in 2012 and 2013 touched off a resurgence of home sales growth. As a result, prices have improved, boosting buyer confidence and spending on housing and related goods and services.

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At the state level, Hawaii’s economy is by far the most dependent on housing related industries for its state product. In 2012, rental and leasing along with other real estate services and construction contributed 23.1% of Hawaii’s gross state product (data for 2013 has not been released yet). This figure does not include expenditures on furniture and related manufactured goods that often accompany a home purchase. Several of the sand states, including Florida, Arizona, and California, hardest hit by the housing slump and recession were among the top ten most housing-dependent economies. Steady sales and modest price growth held roughly stable the contribution of real estate to these state economies in 2012, but this data does not reflect the strong price growth witnessed in 2013. The 2013 housing recovery in these areas should have a strong impact on local employment as well as state and local finances. Price growth in Maryland, New Jersey and Connecticut has been more muted in 2013 due in part to the local judicial processes which constrained market clearing.

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How is housing’s contribution measured? Each home sale results in additional expenditures for remodeling, appliances, services, and furnishings. In addition, as the supply of homes for sales declines, home builders respond by adding new inventory. The employees of building companies and material suppliers in turn spend their incomes thereby expanding the economy, a process referred to as an economic multiplier. Furthermore, rising home values have a strong wealth effect where consumers will spend more of their income if they feel confident that rising home prices are expanding their personal wealth. Strong price growth in the District of Columbia boosted the contribution of real estate to the local economy by nearly $19,000 per sale in 2012.

Housing plays an important role in the economy, which was blunted following the recent housing market decline. Low mortgage rates in 2012 and 2013 boosted buyer confidence and sales which in turn helped to expand the economic impact of housing at the state level. In the years ahead, record low inventories will require new construction to satisfy consumer demand. Access to credit has been limited for some smaller builders, a trend that shows signs of improvement. On the consumer front, access to credit remains tight, but employment and incomes have grown modestly, a pattern that bodes well for home sales and housing related expenditures in the future.

[To view the latest State-by-State Economic Impact of Real Estate Activity report, visit: http://www.realtor.org/reports/state-by-state-economic-impact-of-real-estate-activity]


Ken Fears, Manager, Regional Economics and Housing Finance Policy

Ken Fears is the Manager of Regional Economics and Housing Finance Policy. He focuses on regional and local market trends found in the Local Market Reports and the Market Watch Reports . He also writes on developments in the mortgage industry and foreclosures.

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REAL ESTATE: Homecoming at The Preserve not your run-of-the-mill housing project

Homecoming at The Preserve, a $200 million rental development that opened in Chino recently, is not your run-of-the-mill housing project.

Randall Lewis, one of the principals of Lewis Apartment Communities, likens the development on nearly 50 acres that will house about 2,000 people in 799 living units a “cruise ship on land” for mobile Americans.

It offers amenities for people in all walks of life, all kinds of lifestyles.

“We’ve redefined the homecoming apartment experience,’’ Lewis said to create a sense of place that’s more than a shelter. “This is a place where we will create memories for people.”

Homecoming at The Preserve is geared for the “renter by choice,’’ he said.

Many people today choose not to buy a home for many reasons. There are life changes that may include divorce, separation or the death of a partner, a new job, chance to trim mileage from long commutes to work, a time-out that must be taken to rebuild credit and save money after the loss of a home in the Great Recession to foreclosure or a move by young adults to leave the nest.

The gated complex, offering 20 different types of floor plans, including townhomes, villas, duplexes and apartment flats, has341 units in the first phase of construction. To date, 145 out of 177 released units have been leased.

Traffic to view the rental units that are positioned close to a network of freeways that lead to all of the core job markets in the Inland region and a large smattering of new home construction has been brisk.

Maureen Pinto, of Eastvale, drove over to see the models with granite counters, wood-like flooring, work centers and garage units because she said she may live in one of the townhomes some day.

“I like the fact that it is gated,’’ she said. “Having private security is good. I especially like the leisure part – the swimming pool and all the things that are included in the rent.”

The clubhouse, offering WiFi for residents, includes a theatre, massage room with adjoining nail salon, coffee bar, conference room, library for children and adults, a business center, craft room, business center and a giant game room with pit chairs for kids.

The 24-hour gym is buffed-out with a full wall of free weights and a host of new tread mill, step and pulley machines on the main floor. A yoga room and small play room for children adjoin the workout center.

A full-time lifestyle director has been hired to offer an array of activities for the residents from the Sunday matinee and ping-pong tournaments to Bunco parties and cooking classes in a community room that sports a dance floor.

A masseuse, spa technician and personal trainer can be hired for workouts and grooming on-site.

The pet-friendly property offers a “Borrow a Bike” program, valet trash pick-up, no-fee dog check-in opportunities, package holding and postage amenities, and a library with books and games. The main swimming pool — there are three — is lined with resort-styled lounge chairs, lush tropical plantings and cabanas.

Beyond the Junior Olympic lap pool, recreation and wading pool are two spas and a shaded, poolside lounge. The property includes barbecue pits, a grassy amphitheatre and ping pong area. In the future, the facility will offer tennis courts and a handball court.

“We’ll also be offering garden plots to rent,’’ Lewis said, and by the end of May will have a two-stall parking area where residents can wash their cars.

For bicyclists, the grounds sport a free air pump like one might see at a service station.

Pinto said she doesn’t know of too many rentals that are gated, and she said she may be in a position in a few years to gravitate to a lifestyle that rules out the need to mow the grass. The only thing she said is holding her back at this time are the active dairy farms that are on the opposite side of the property.

“I’m interested, but not right now,’’ she said. “I’ll be waiting for the cows to go away.”

Land the cows have plodded over has been shrinking as the complex is among many sprouting in the area.

Last April, KB Home teamed up with Lewis Operating Corp. to close escrow on 63 finished lots within the master-planned community of The Preserve at Chino. Utility lines and trench work show that rooftops will soon spring up around the enclave of homes.

For KB, The Preserve land deal affirmed a homebuilding relationship with the Lewis Operating group that took root with The Enclave in Eastvale and Shady Trails in Fontana.

Lewis said he is confident Homecoming at The Preserve will be a hit, based on the success leasing Homecoming projects in Rancho Cucamonga, Eastvale and Sacramento. The Upland-based Lewis Group began to built boutique-luxury styled amenities into its apartment products in the Great Recession to navigate the ripple effects from the for-sale housing crash.

The company also recognized that the market had become more sophisticated and demanding. Twenty years ago the typical apartment in the Inland Empire was one and two bedrooms, Lewis said, a starter without many amenities.

Now, people look for granite, ceiling fans, work stations and wood floors.

Rent for the 1-bedroom to 4-bedroom units ranges from $1,475 to $2,730 a month, according to Karla Ponting, general manager.

The second phase of Homecoming at The Preserve – on land south of the current development, is expected to be built in a few years, Lewis said, citing a timetable based on market conditions.

Contact Debra Gruszecki at 951-368-9423 or dgruszecki@pe.com

Article source: http://www.pe.com/business/business-headlines/20140422-real-estate-homecoming-at-the-preserve-not-your-run-of-the-mill-housing-project.ece

INDUSTRY: Boeing signs $1.8 million lease

The Boeing Company has signed a three-year, $1.8 million lease to rent office and hangar space at the Southern California Logistics Airport in Victorville.

The Chicago-based aerospace company’s newly signed lease, which includes renewal options, includes 90,000 square feet of space in Hangar 678, along with 10,000-square-feet of office space.

Keith Metzler, assistant city manager, said in an April 22 press release that Boeing’s leasing agreement and lease extension options at Southern California Logistics Airport is an indication of the “pro-business climate” the city of Victorville has worked hard to create.

The city said the lease is worth $12 million if all three, three-year options are taken by Boeing over the next 12 years.

Southern California Logistics Airport, located on the edge of the Mojave Desert, is a 2,500-acre aviation and air cargo facility that took shape on the former George Air Force Base. The logistics airport, with a 24-hour control tower and emergency response capabilities, has a U.S. Customs office and status as a Foreign Trade Zone.

Boeing’s long-term lease commitment for Hangar 678 will give the aerospace company a place to centralize three growing operating divisions: Boeing Capital, Boeing AOG and Boeing Flight Test.

Hangar 678 is used for aircraft transition and modification work, such electronic and in-flight entertainment system upgrades or structural repairs. The hangar is also used to install furnishings in new aircraft.

Other long-term companies at the logistics airport include Plastipak Packaging, Inc., GE Transportation and Newell Rubbermaid. Plastipak customers include Procter Gamble, Pepsi, Kraft Foods, Kroger and Tropicana.

The Securities and Exchange Commission filed a complaint April 2013 in U.S. District Court alleging that Victorville, the airport authority and Metzler – working with the underwriter for the bond offering — misrepresented the value of four airport hangars in an official statement for an April 2008 bond offering.

The $65 million value was more than twice the value that the county assessor had put on the hangers: $27.7 million, according to the complaint. The SEC complaint alleges the inflated value allowed Victorville to raise more money than it otherwise would have.

Victorville has denied wrongdoing. Metzler’s attorney, who has told the court his client gave correct hangar information to the bond underwriter in March and April 2008, could not be immediately reached for comment.

The case is pending in federal court, an SEC spokesperson said Tuesday.

Contact Debra Gruszecki at 951-368-9423 or dgruszecki@pe.com

Article source: http://www.pe.com/business/business-headlines/20140422-industry-boeing-signs-1.8-million-lease.ece

Celebrity house for sale: Kobe Bryant

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Article source: http://www.bankrate.com/lite/real-estate/celebrity-house-for-sale-kobe-bryant-1.aspx

Existing-Home Sales Remain Soft in March

WASHINGTON (April 22, 2014) – Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in the West and South.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February, and are 7.5 percent below the 4.96 million-unit pace in March 2013. Last month’s sales volume remained the slowest since July 2012, when it was 4.59 million.

Lawrence Yun, NAR chief economist, said that current sales activity is underperforming by historical standards. “There really should be stronger levels of home sales given our population growth,” he said. “In contrast, price growth is rising faster than historical norms because of inventory shortages.”

Yun expects some improvement in the months ahead. “With ongoing job creation and some weather delayed shopping activity, home sales should pick up, especially if inventory continues to improve and mortgage interest rates rise only modestly.”

The median existing-home price2 for all housing types in March was $198,500, up 7.9 percent from March 2013. Distressed homes3 – foreclosures and short sales – accounted for 14 percent of March sales, down from 16 percent in February and 21 percent in March 2013. “With rising home equity, we expect distressed homes to decline to a single-digit market share later this year,” Yun said.

Ten percent of March sales were foreclosures, and 4 percent were short sales. Foreclosures sold for an average discount of 18 percent below market value in March, while short sales were discounted 12 percent.

Total housing inventory4 at the end of March rose 4.7 percent to 1.99 million existing homes available for sale, which represents a 5.2-month supply at the current sales pace, up from 5.0 months in February. Unsold inventory is 3.1 percent above a year ago, when there was a 4.7-month supply.

The median time on market for all homes was 55 days in March, down from 62 days in February, and also 62 days on market in March 2013. Short sales were on the market for a median of 112 days in March, while foreclosures typically sold in 55 days and non-distressed homes took 53 days. Thirty-seven percent of homes sold in March were on the market for less than a month.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.34 percent in March from 4.30 percent in February; the rate was 3.57 percent in March 2013.

First-time buyers accounted for 30 percent of purchases in March, up from 28 percent in February; they were 30 percent in March 2013.

NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio, said first-time buyers have been stuck in a rut. “There are indications that the stringent mortgage underwriting standards are beginning to ease a bit, particularly regarding credit score requirements, but they remain a headwind for entry-level and single-income home buyers,” he said.

“We also have tight inventory in the lower price ranges where many starter homes are found, but rising new-home construction means some owners will be trading up and more existing homes will be added to the inventory. Hopefully, this will create more opportunities for first-time buyers,” Brown said.

All-cash sales comprised 33 percent of transactions in March, compared with 35 percent in February and 30 percent in March 2013. Individual investors, who account for many cash sales, purchased 17 percent of homes in March, down from 21 percent in February and 19 percent in March 2013. Seventy-one percent of investors paid cash in March.

Single-family home sales were unchanged at a seasonally adjusted annual rate of 4.04 million in March, the same as February, but are 7.3 percent below the 4.36 million pace a year ago. The median existing single-family home price was $198,200 in March, which is 7.4 percent above March 2013.

Existing condominium and co-op sales declined 1.8 percent to an annual rate of 550,000 units in March from 560,000 in February, and are 8.3 percent below the 600,000 level in March 2013. The median existing condo price was $200,800 in March, up 11.6 percent from a year ago.

Regionally, existing-home sales in the Northeast rose 9.1 percent to an annual rate of 600,000 in March, but are 4.8 percent below March 2013. The median price in the Northeast was $244,700, up 3.2 percent from a year ago.

Existing-home sales in the Midwest rose 4.0 percent in March to a pace of 1.04 million, but are 10.3 percent below a year ago. The median price in the Midwest was $149,600, which is 5.9 percent above March 2013.

In the South, existing-home sales declined 3.0 percent to an annual level of 1.92 million in March, and also are 3.0 percent below March 2013. The median price in the South was $173,000, up 6.7 percent from a year ago.

Existing-home sales in the West fell 3.7 percent to a pace of 1.03 million in March, and are 13.4 percent below a year ago. The median price in the West was $289,300, which is 12.6 percent higher than March 2013.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

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NOTE:  For local information, please contact the local association of Realtors® for data from local multiple listing services. Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

1Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.

Existing-home sales, based on closings, differ from the U.S. Census Bureau’s series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90 percent of total home sales, are based on a much larger data sample – about 40 percent of multiple listing service data each month – and typically are not subject to large prior-month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

2The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper-end transactions. The only valid comparisons for median prices are with the same period a year earlier due to a seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if additional data is received.

The national median condo/co-op price often is higher than the median single-family home price because condos are concentrated in higher-cost housing markets. However, in a given area, single-family homes typically sell for more than condos as seen in NAR’s quarterly metro area price reports.

3Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR’s Realtors® Confidence Index, posted at Realtor.org.

4Total inventory and month’s supply data are available back through 1999, while single-family inventory and month’s supply are available back to 1982 (prior to 1999, single-family sales accounted for more than 90 percent of transactions and condos were measured only on a quarterly basis).

Realtor.com®, NAR’s listing site, posts metro area median listing price and inventory data at: www.realtor.com/data-portal/Real-Estate-Statistics.aspx.

The Pending Home Sales Index for March will be released April 28, and existing-home sales for April is scheduled for May 22. First quarter metropolitan area home prices will be published May 12; all release times are 10:00 a.m. EDT.

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Mortgage forecasts lowered for 2014


New homes for sale at a development in Dublin, Calif.

Contracts for newly built homes dipped slightly last month, and strong October numbers were revised even higher.

Article source: http://www.cnbc.com/id/101334809

Builder sentiment falls slightly in January


New homes for sale at a development in Dublin, Calif.

Contracts for newly built homes dipped slightly last month, and strong October numbers were revised even higher.

Article source: http://www.cnbc.com/id/101341411

For sale: A fully loaded home..like really loaded


New homes for sale at a development in Dublin, Calif.

Contracts for newly built homes dipped slightly last month, and strong October numbers were revised even higher.

Article source: http://www.cnbc.com/id/101342252

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