This Week’s Relevant News Links: 5/27 – 6/2

“Being busy does not always mean real work. The object of all work is production or accomplishment and to either of these ends there must be forethought, system, planning, intelligence, and honest purpose, as well as perspiration. Seeming to do is not doing”.

- Thomas Edison

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U.S. 30-year mortgage rate falls to record 3.79 pct.

Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week

http://seattletimes.nwsource.com/html/businesstechnology/2018228445_apusmortgagerates.html

 related

30-year mortgage rate at 3.78, another record low

Mortgage rates have continued to fall over the past week, again setting a record low for a 30-year contract

http://economywatch.msnbc.msn.com/_news/2012/05/24/11860110-30-year-mortgage-rate-at-378-another-record-low?lite

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US home sales up across the country, hopeful sign

Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend

http://seattletimes.nwsource.com/html/businesstechnology/2018260151_apushomesales.html

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US sales of new homes rose 3.3 percent in April

Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover

http://seattletimes.nwsource.com/html/businesstechnology/2018267835_apusnewhomesales.html

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New-Home Sales Amplify Optimism About Housing .

Sales of newly built homes continued to pick up momentum, another sign that the long-beleaguered housing market is in recovery mode

http://online.wsj.com/article/SB10001424052702304707604577422060197354098.html?mod=WSJ_RealEstate_LeftTopNews

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FHA Condo Lending in a New Paradigm

FHA rules on lending for condos have been in the news recently

http://economistsoutlook.blogs.realtor.org/2012/05/25/fha-condo-lending-in-a-new-paradigm/

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Housing market shows early signs of healing

A spring growth spurt continues to bloom in the housing market

http://economywatch.msnbc.msn.com/_news/2012/05/22/11812194-housing-market-shows-early-signs-of-healing?lite

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Rise in Home Sales Points to Rebound

Sales of previously owned homes rose at a robust clip in April—and prices jumped

http://online.wsj.com/article/SB10001424052702303610504577420041418981630.html?mod=WSJ_RealEstate_LeftTopNews

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McMansions Fuel New Home Sales

The rise in new home sales is being driven in part by demand for the kind of larger and more luxurious custom-built houses that had fallen out of favor in recent years

http://blogs.smartmoney.com/advice/2012/05/23/mcmansions-fuel-new-home-sales/

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A Miami Beach Estate Goes on the Market for $45 Million .

a gated village on a private island with a golf course, the nearly 2-acre property has 200 feet of waterfront

http://online.wsj.com/article/SB10001424052702304707604577422413083410798.html?mod=WSJ_RealEstate_LEADTopNews

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Record-breaking $90 million penthouse sale in New York

What real estate downturn? A two-level penthouse with sweeping views of Central Park just sold for more than $90 million

http://bottomline.msnbc.msn.com/_news/2012/05/18/11756744-record-breaking-90-million-penthouse-sale-in-new-york?lite

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Where home prices are rising fastest (Three cities in Oregon, 1 in Washington)

The tide is already starting to turn in some U.S. housing markets, with home prices in these 10 metro areas expected to climb anywhere between 10% and 21%

http://money.cnn.com/galleries/2012/real_estate/1205/gallery.rebounding-housing-markets/

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Another Positive Report!

http://www.kcmblog.com/2012/05/25/another-positive-report/?utm_source=dlvr.it&utm_medium=facebook

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Home tweet home

More real estate agents are turning to social media

http://www.chicagotribune.com/classified/realestate/buy/ct-mre-0527-social-media-agents-20120525,0,7094809.story

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Selling family home can be like ‘letting go of a legacy’

Last year, 15 percent of U.S. home sales involved dwellings that had been in the same hands for more than 20 years

http://seattletimes.nwsource.com/html/realestate/2018209161_realfamilyhome20.html

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Should You Keep Secrets From Your Real Estate Agent?

What sort of financial information does the law require that I give to my own agent?

http://online.wsj.com/article/SB10001424052702303448404577412202314340494.html?mod=WSJ_RealEstate_RIGHTTopCarousel

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Downtown Seattle condos are finally filling up

The glut of condos that hit downtown Seattle right during the real-estate downturn is disappearing as buyers move back into the market

http://seattletimes.nwsource.com/html/businesstechnology/2018251763_condos21.html

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Foreclosures decline in U.S., King County in April

In King County, the number of homes repossessed was down 19 percent from March and a whopping 65 percent from last April

http://seattletimes.nwsource.com/html/businesstechnology/2018232819_foreclosures18.html

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Home sales surge in April

The housing market surged in April, with home affordability at record levels.

http://money.cnn.com/2012/05/22/real_estate/home-sales/index.htm

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“Links” are edited each week by John Deely 

About John Deely

John is the Principal Managing Broker for the CB Bain Seattle-Metro Lake Union and Magnolia offices and he has been a real estate licensee in the state of Washington since 1978 and a licensed real estate Broker since 1983.

John is an expert on real estate markets and in preparing/analyzing statistical trends and conducting market research. He provides market information and statistical trend analyst for local and national news sources including syndicated TV programs, such as: Seattle Times/PI, The New York Times, Kiplinger’s News Letter, The Wall Street Journal, King County Journal, Mercer Island Reporter and the Puget Sound Business Journal, Trade Journals include the Real Estate Insider Newsletter, the Washington Realtor® Puget Sound multiple listing Association newsletter Soundings, Seattle King County Realtor® and the Washington Realtor® newsletter.

http://www.cbbain.com/lakeunion

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