May 2018 Foot Traffic per NAR Research

Demand is unrelieved as supply shortages continue to impede home sales.

Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. This infographic shows the latest index data along with trends and changes.

Read more... https://www.nar.realtor/research-and-statistics/research-reports/foot-traffic/infographic-may-2018-foot-traffic

Gilbert will auction off controversial town-owned land

Gilbert plans to auction off 138 acres of land nearly a decade after the town took heat for buying the property without a certified appraisal and at a price far above the going rate. 

Read more... https://www.azcentral.com/story/news/local/gilbert/2018/07/12/gilbert-auction-off-controversial-town-owned-land/772484002/

She tried to make extra payments on her student loans, then almost lost thousands of dollars

After nearly two decades of student loan payments, Lisa Wickman saw the light. Her new fiance offered to help her put an end to the persistent debt. And so the elementary school teacher from Grand Blanc, Michigan, mailed a $7,000 check in February to Navient, one of the country's largest student-loan servicers.

Read more... https://www.cnbc.com/2018/07/05/she-tried-to-make-extra-payments-on-her-student-loans-she-almost-lost.html

Top 10 Cities with Million-Dollar Homes

Homes costing over $1 million are not as common as one would think. But there are some cities that have more real estate costing a million dollars or more, according to a study by LendingTree, which ranked the top 50 cities by the share of homes valued over $1 million.

Read more... http://themreport.com/daily-dose/07-04-2018/top-10-cities-with-the-most-million-dollar-homes

How Long It Takes Your Credit Score to Recover from a Drastic Drop

How long does it take for your credit score to rebound from a "soft inquiry?" That's what Tiffany wants to know for this week's Money Monday:

Read more... https://twocents.lifehacker.com/how-long-it-takes-your-credit-score-to-recover-from-a-d-1827178418

Phoenix City Council sells property on Central and Adams for hotel

Downtown Phoenix is getting another trendy, high-rise hotel and office building. 

Read more... https://www.azcentral.com/story/news/local/phoenix/2018/06/29/berger-sunbelt-holdings-hotel-office-replace-downtown-phoenix-parking-lot-central-adams/715854002/

The Future of Credit Risk Transfers - DSNews

Fannie Mae and Freddie Mac's credit risk transfer programs (CRT), initiated in 2013, are likely to experience declines due to rising interest rates and declining origination volumes, according to research from the Urban Institute. However, Laurie Goodman of the Urban Institute calls the programs "a huge success" and foresees potential growth "from outside GSE space" in the future.

Read more... https://dsnews.com/daily-dose/06-26-2018/future-credit-risk-transfers