The Lede
Top National News
U.S. Fourth-Quarter GDP Revised Up to 1.4% Growth but Corporate Profits Fall
Wall Street Journal, Mar. 25, 2016--Morath, Eric
Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a 1.4% seasonally adjusted annual rate in the fourth quarter, the Commerce Department said Friday. That was an upward revision from last month's estimate of 1%.
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A Credit Shuffle Among Mortgage Lenders
DS News, Mar. 25, 2016--West, Xhevrije
Fewer mortgage lenders are reporting that they are loosening credit standards, and many do not expect credit to become more accessible over the next few months.
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Zillow: Home Values Reaching New Peaks
National Mortgage Professional, Mar. 25, 2016--Hall, Phil
Homes were worth more than ever before in more than one-quarter of U.S. housing markets, according to new data from Zillow.
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Why Michael Jackson’s Neverland Ranch Still Isn’t Sold
Bloomberg, Mar. 25, 2016--Selin Davis, Lisa
Homes in the highest echelon of the real estate market-everywhere-simply aren't selling fast. The key to unloading a $100 million dollar property these days? Patience.
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Red Hot Real Estate Market Makes Buying Competitive
Democrat & Chronicle (Rochester, N.Y.), Mar. 25, 2016--Chao, Mary
Cory Wojewodka and her fiancé Brandon Mastrodonato are in the market for their first home this spring. They are finding a very competitive market in their search this spring. Inventory for existing single-family homes is low and many homes are sold as soon as they are listed.
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OneRent Raises $4M as it Expands to Disrupt Online Real Estate Biz
Venture Beat, Mar. 25, 2016--Nonclares, Sindy
Real estate managing tool OneRent announced yesterday that it sealed a $4 million funding deal with early-stage VC Renren, Inc. The investment will be used to hire new personnel and expand to six new cities, including Los Angeles, San Diego, and Washington, D.C.
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MBA Creates ‘Task Force’ to Design Secondary Mortgage Market of the Future
HousingWire, Mar. 25, 2016--Lane, Ben
According to MBA, the task force's objective is to develop a proposal that will address the future of the secondary mortgage market, and in particular, an end-state model that can also fulfill an affordable housing/duty to serve mission.
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Banks Ramp Up Push for Home-Equity Lines
Wall Street Journal, Mar. 27, 2016--Andriotis, Annamaria
At hardware stores along the U.S. East Coast in recent weeks, TD Bank has been trying to persuade shoppers to think bigger than paint and plumbing supplies: The bank wants them to start taking cash out of their homes again.
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