Ugly But Honest News 3-15-2017

Real estate housing and economic news round up for March 15 2017



Return to Reality?  NFIB Small Business Optimism Index Decreased Slightly in February


Normal for Homeowners to Overestimate Their Home's Value:  Appraisals Were an Average of 1.69% Lower Than What Homeowners Expected in February


Somewhat Encouraging:  South Carolina's Employment Situation for January 2017

Looking at local unemployment rates:

  • Anderson County 4.5%

  • Oconee County 4.9%

  • Pickens County 4.8%


Also Encouraging:  First American Says Improved Real Estate Outlook Suggests Strong Spring Market


Very Nice:  CEO Expectations for Sales, Hiring & Investment Make Sharp Rise


Nice:  New Home Purchase Mortgage Applications Increase 2.2% Year Over Year


Previous Link Helps to Explain Why:  Home Builder Confidence at a 12-Year High


Get Ready for Higher Mortgage Rates:  Why the Fed Will Hike Rates Again And Again


Remain Calm:  Multifamily Completions to Peak in 2017


Still Plenty of Opportunities Out There:  Flipping Activity is the Second Lowest Since 2012


Good for the Economy:  Spending on Home Improvements Expected to Increase This Year in 43 of the 50 Largest U.S. Metropolitan Areas


Yet Another Bank Punished:  CFPB Takes Action Against Nationstar Mortgage for Flawed Mortgage Loan Reporting


And Another Settlement:  Wells Fargo, RBS, Deutsche Bank in $165M NovaStar Mortgage Settlement


Looking Forward:  Will Robots Take Your Job Or Create Meaningful Work


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