June Market Info

    Top News
    Rate-hike talk to heat up as Fed meets
    USA Today – The Federal Reserve’s two-day June policy meeting which kicks off Tuesday could shed light on whether the Fed will heed the warning of other global bankers to hold off on interest-rate hikes until 2016.
    Industry News
    Higher home prices push affordability down
    REALTOR Magazine – Housing affordability is down from a year ago as higher prices continue to outpace incomes, according to the National Association of REALTORS® Economists’ Outlook blog.
    Renting: The new American Dream?
    USA Today – A report by the Urban Institute projects that even after the housing crash and the Great Recession are a distant memory, homeownership rates in America will continue to decline.
    Confidence among U.S. homebuilders increases to nine-month high
    Bloomberg – Confidence among U.S. homebuilders rebounded in June to a nine-month high as warmer weather and a brighter economic outlook drew prospective buyers back to the market.
    Homebuilder merger will create larger firm for DFW market
    Dallas News – The just announced merger of two big national homebuilders will mean more consolidation for the North Texas housing market.  Standard Pacific and The Ryland Group – both based in California – said Sunday that they are merging in a deal to create a company worth more than $5 billion.
    Developers can be required to include affordable housing
    Los Angeles Times – The California Supreme Court decided unanimously Monday that cities and counties may require developers to provide below-market-rate housing as a condition of a building permit.
    You need to know your foreclosure laws
    Huffington Post – You must know the rules and legalities for your state! Not knowing them can seriously cost you. Homeowners in foreclosure are in fact vulnerable, and in many cases subject to fraud, deception, and unfair dealings by dishonest investors.
    Other News
    7 things you can do to ward off identity theft
    Forbes – When I put a list of common financial concerns — 13 Wealth Issues — in front of my clients and ask what is top of mind for them, identity theft is often the first thing they mention as a pressing concern.
    Here’s how too many people throw money away
    USA Today – There are all sorts of ways to cut spending and boost your savings, and there are just as many ways to sabotage your own finances. In addition to missing out on money-saving discounts, making unwise shopping decisions, and purchasing unnecessary items, you might also be throwing your money down the drain for no real reason at all.

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