Monday, October 31, 2016

Buying a house in the spring? Here’s how to save your credit score through the holidays

There's not much time left before the malls are flooded with busy holiday shoppers. And for the yearlong planners, the shopping probably started a long time ago. A recent blog from VantageScore emphasizes the importance of making sure shoppers don't destroy their credit score right before the busiest home-buying season. 

Read more... http://www.housingwire.com/articles/38415-buying-a-house-in-the-spring-heres-how-to-save-your-credit-score-through-the-holidays

Banks Are Hoarding $2.4 Trillion of Bonds

If the world's biggest economy is really on the upswing, then why are America's banks stockpiling a record amount of ultrasafe bonds?

After all, jobs are back, the Federal Reserve is close to raising interest rates again and growth has perked up after a sluggish first half. But instead of ramping up lending to keep up with deposits, banks are plowing into U.S. government and related debt at the fastest clip since 2014.

Read more... http://www.bloomberg.com/news/articles/2016-10-30/banks-amass-2-4-trillion-hoard-of-bonds-as-bofa-leads-stampede

Sunday, October 30, 2016

What Fannie Mae’s new credit reporting means for would-be homebuyers

Fannie Mae just made some major changes to the credit reporting industry. If you're like me, and don't have much of a debt history, it can be difficult to build credit. With the use of trending credit data, that could become much easier.

Read more... http://www.housingwire.com/articles/38195-what-fannie-maes-new-credit-reporting-means-for-would-be-homebuyers

Saturday, October 29, 2016

These are Tesla’s stunning new solar roof tiles for homes

Tesla founder and CEO Elon Musk wasn't kidding when he said that the new Tesla solar roof product was better looking than an ordinary roof: the roofing replacement with solar energy gathering powers does indeed look great. It's a far cry from the obvious and somewhat weird aftermarket panels you see applied to roofs after the fact today.

Read more... https://techcrunch.com/2016/10/28/these-are-teslas-stunning-new-solar-roof-tiles-for-homes/

How This Election Will Impact The Housing Market

It's no secret that our country as a whole has some deep concerns about our current presidential election. It doesn't matter if you like one of the candidates or dislike them both, everyone seems to have concerns about how this election will impact the economy and the nation.

Read more... https://www.google.com/amp/s/www.inman.com/2016/10/25/how-this-election-will-impact-the-housing-market/amp/

Seniors Brace For Smallest Social Security Increase on Record

Let's start with the good news. For the more than 60 million people who receive Social Security benefits, they will get a cost-of-living increase in 2017. This is positive considering there was no increase in 2016. Here is the bad news. The increase is expected to be around 0.3 percent, the smallest increase on record.

Read more... https://www.google.com/amp/www.foxbusiness.com/politics/2016/10/17/seniors-brace-for-smallest-social-security-increase-on-record.amp.html

Monday, October 24, 2016

Hilton unveils sale of 25% stake to China's HNA

HNA paid $6.5bn (£5.3bn) for the stake previously owned by Hilton's biggest shareholder Blackstone.

Chinese companies have increasingly been investing in tourism-related businesses overseas as more Chinese citizens travel abroad.

Read more... http://www.bbc.com/news/business-37748673

Sunday, October 23, 2016

Inflation: next year's ticking time bomb

The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.

Read more... http://www.telegraph.co.uk/business/2016/10/22/inflation-next-years-ticking-time-bomb/

Wednesday, October 19, 2016

26K SF mixed-use development taking over historic Roosevelt Row buildings

More major development is coming to downtown Phoenix's Roosevelt Row.

Desert Viking Development has announced plans for a mixed-use project on 501 E. Roosevelt St., between Fifth and Sixth streets, totaling more than 26,000-square-feet.

Read more... http://www.bizjournals.com/phoenix/news/2016/10/19/26k-sf-mixed-use-development-taking-over-historic.html

Monday, October 17, 2016

South Florida is ripe for Chinese homebuyers

Wealthy Chinese buyers have been buying so many homes in the United States that they are the top foreign country purchasing property in the U.S - for the fourth year in a row. Those home sales totaled more than $27 billion.

Rest more... http://www.businessinsider.com/south-florida-is-ripe-for-chinese-homebuyers-2016-10

FRB: Speech with Slideshow--Fischer, Why Are Interest Rates So Low? Causes and Implications

I am grateful to the Economic Club of New York for inviting me to speak today. My subject is the historically low level of interest rates, a topic not far from the minds of many in this audience and of many others in the United States and all over the world.1

Read more... https://www.federalreserve.gov/newsevents/speech/fischer20161017a.htm

Warm Regards,

Lillian Wong
Sr. Loan Officer
NMLS  630337
Prospect Mortgage
14635 N. Kierland Blvd. Ste. 100
Scottsdale, AZ 85254
Cell    480 650 5412
Fax   877 220 7982
www.lillianwong.net

Join in going green. Please do not print this email unless it is absolutely necessary.

Sunday, October 9, 2016

Prefab housing turns focus on small homes

Author Sheri Koones believes that prefab houses (or "prefabulous," as she calls them) are the homes of the future. She's written five books about them.

In the new "Prefabulous Small Houses" from The Taunton Press, Koones focuses on modestly sized homes and cottages, between 350 and 2,500 square feet.

Read more... http://www.dailyherald.com/article/20161001/entlife/161009982/

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