Mortgage and Real Estate News: September 2015

Friday, September 25, 2015

Yellen is giving the dollar a lift

The Fed's Chair seemed to have surprised the market with her comments after North American markets closed yesterday. She reiterated what the Fed said last week. It is still on the path to hike rates before the end of the year, barring a significant economic surprise. She did put the concerns about the global environment in a larger perspective, suggesting that, based on current information, if does not look like developments abroad will have a material impact on policy.

Monday, September 7, 2015

Frank Lloyd Wright school meets $1 million deadline

The Frank Lloyd Wright School of Architecture met its first million-dollar deadline Thursday to ensure its survival.

The school has until the end of this year to raise a second million or the master's of architecture program will be closed. In 1932, the famous architect began the apprenticeship program that would turn into an exclusive, international school of acclaim.

The Fed is handcuffing itself. Here's how

Wall Street is in the throes of a wild guessing game. The question on everyone's minds: September or December?

That's because the U.S. Federal Reserve has said that its historic rate hike will come this year. And Wall Street has pinned its hopes on exactly those two months.

Once all powerful, Pimco is a fast fading superstar

Once the world's largest and most influential bond fund, Pimco continues to fall from that stature.

Its star has dramatically dimmed after its founder, the "bond king" Bill Gross, left Pimco almost a year ago.

Investors started taking out billions of dollars from Pimco after Gross left and continue to do so. Just in August, they pulled $1.8 billion out of Pimco's Total Return fund, Gross' former signature fund. Today it has less than $100 billion in total assets, the lowest level since 2007, according to the company.

Which Scottsdale luxury community is tops when it comes to home-value appreciation?

It's the question almost every Scottsdale homeowner and homebuyer wants the answer to: In which neighborhoods are homes appreciating the fastest? A recently released real estate report sought that answer, and found that DC Ranch experienced the greatest home-value appreciation of any of the eight luxury communities tracked. Silverleaf, a community within DC Ranch, was a close second.

Phoenix ranks No. 8 among big cities for affordable homes

Metro Phoenix's calling card to new residents has long been its affordable home prices.

Valley home prices are steadily climbing, but the region's houses are still bargains compared to much of California, Seattle, Denver, Chicago and even Las Vegas.
Metro Phoenix is the eighth most affordable big U.S. city to buy a house now, according to a new ranking from a reputable financial research firm.

Stocks crash to push more China cash into global real estate

A wall of Chinese money is heading for global real estate as local investors look for alternatives to the country's crashing stock markets.

Chinese buyers have already spent billions in the U.S., UK and Australia, causing property prices to rise -- and experts say much more cash is on its way.

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