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WASHINGTON (July 27, 2016) — Pending home sales were mostly unmoved in June, but did creep slightly higher as supply and affordability constraints prevented a bigger boost in activity from mortgage rates that lingered near all-time lows through most of the month, according to the National Association of Realtors®. Increases in the Northeast and Midwest were offset by declines in the South and West. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched 0.2 percent to 111.0 in June from 110.8 in May and is now 1.0 percent higher than June 2015 (109.9). With last month's minor improvement, the index is now at its second highest reading over the past 12 months, but is noticeably down from this year's peak level in April (115.0). Lawrence Yun, NAR chief economist, says a solid bump in activity in the Northeast pulled up pending sales modestly in June. "With only the Northeast region having an adequate supply of homes for sale, the reoccurring dilemma of strained supply causing a run-up in home prices continues to play out in several markets, leading to the last two months reflecting a slight, early summer cooldown after a very active spring," he said. "Unfortunately for prospective buyers trying to take advantage of exceptionally low mortgage rates, housing inventory at the end of last month was down almost 6 percent from a year ago,1 and home prices are showing little evidence of slowing to a healthier pace that more closely mirrors wage and income growth." Adds Yun, "Until inventory conditions markedly improve, far too many prospective buyers are likely to run into situations of either being priced out of the market or outbid on the very few properties available for sale." One noteworthy and positive development occurring in the housing market during the first half of the year, according to Yun, is that sales to investors have subsided from a high of 18 percent in February to a low of 11 percent in June, which is the smallest share since July 2009 2. Yun attributes this retreat to the diminished number of distressed properties coming onto the market at any given time and the ascent in home prices, which have now risen year-over-year for 52 consecutive months. "Limited selection of homes at bargain prices is reducing the number of individual investors willing or able to buy," adds Yun. "This will hopefully open the door for first-time buyers, who made some progress last month 3 but are still buying homes at a sub

The purchase funnel, or purchasing funnel, is a consumer focused marketing model which illustrates the theoretical customer journey towards the purchase of a product or service.

Building permits preventing new housing growth HousingWire.com Housing inventory is an ever-increasing problem, especially when it comes to starter homes, but Trulia says the problem may not lie where you would think. Trulia studied the rate of homebuilding and the market prices for the nation’s biggest metros during the last 20 years to determine how housing policy affected what economists call elasticity, how much new housing is built relative to demand. Markets with greater elasticity build more housing relative to price changes than markets with lower elasticity. Housing inventory has grown very little compared to the demand for it. In fact, builders are providing less homes now as prices rise than they did in the past. Currently, elasticity is at 0.17, about three points below the 30-year average of 0.2. Home prices continue to increase nationwide, even hitting new highs in several large housing markets in April, according to S&P Dow Jones Indices Case-Shiller Home Prices Indices.  While land use regulation and zoning have been blamed recently for the shortage of supply, Trulia disagrees.“Our research finds that local bureaucracy, measured by building approval delays, affect housing supply elasticity rather than restrictive zoning,” the report states. Of the 100 largest metros, Las Vegas has been the most elastic housing market in the U.S. over the past 20 years. Prices over this period increased 71.4%, but the housing stock increased 87.8%, leading to an elasticity estimate of 1.17. Other relatively elastic markets in the U.S. include Raleigh-Durham-Chapel Hill, North Carolina; Albuquerque, New Mexico; Charlotte, North Carolina and Atlanta, Georgia where supply elasticity ranges from 0.77 to 0.82. On the other hand, New Orleans tops the list of least elastic housing markets, where housing prices increased by 77.8% over the past 20 years but the housing stock only increased 1.7%. While New Orleans has the lowest elasticity in the U.S., much of the reason is due to the major loss of housing that occurred in the city from Hurricane Katrina. Other markets struggling to meet the demand include Los Angeles, San Francisco, and San Jose, where home prices have tripled over the past 20 years, and affordability has fallen dramatically. For example, in San Jose, with an estimated elasticity of just 0.07, middle-class households have to spend about 13% more of their income for a median-priced home compared to just four years ago, according to the

Freddie Mac FMCC, -1.37% is expected to report a loss when it announces first-quarter earnings before the bell on Tuesday. That’s bad news for any public company, but especially critical for the mortgage provider because of its tangled history with the federal government. Freddie and its counterpart, Fannie Mae FNMA, -0.50% were put into conservatorship in 2008 as the mortgage meltdown ensnared the financial system. They have lingered as wards of the state ever since. The Treasury Department modified the deal in 2012, requiring Fannie and Freddie to send all quarterly profits to the government — and shrink their reserves to zero by 2018. As Mel Watt, the chairman of Fannie and Freddie’s regulator, put it in a speech in February, Fannie and Freddie are quickly approaching the point where they won’t be able to weather quarterly losses without going back to the Treasury for taxpayer dollars. Read: This plan to overhaul Fannie Mae and Freddie Mac just might pass Congress There are many reasons Freddie and Fannie could lose money in any given quarter, Watt noted, including the fact that the enterprises now stand to make less income on the portfolios they’re required to shrink. What many analysts are watching for this time, though, is the use of interest-rate derivatives. Freddie has used such instruments to hedge against big swings in interest rates and their value can fluctuate unpredictably. (Fannie relies more on the issuance of longer-term debt to guard against short-term interest-rate swings.) Derivatives have gone bad for Freddie before. In the third quarter of last year, it reported a $475 million loss, the first negative quarter in four years, when rates plunged. Freddie did not need to tap Treasury for more funds, but neither did it remit money to the government. Read: Fannie and Freddie rally on report that Treasury knew of profitability at time of sweep Bank analyst Richard Bove speculated about the possibility of a first-quarter loss in a recent note. “It is impossible for an outsider to predict what this will do to Freddie Mac earnings but it is not unrealistic to assume a loss of $2 billion plus in derivatives (it could be as high as $4 billion or more). At the $2 billion plus level, Freddie Mac’s pretax earnings would be negative $749 million,” Bove, vice president of equity research at Rafferty Capital Markets, wrote. Spokeswomen for Freddie and its regulator, the Federal Housing Finance Agency, declined to comment. A

GUEST: Randy Cochrane Associate Broker/Realtor at Equity Arizona Real Estate, National Sales Director at Financial Education Services and Real Esate Associate Broker at The Advantage Team https://www.facebook.com/randy.cochrane

MONSTER Coaching Call and Interview with Guest David Bartles Broker/Owner (4 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale As Broker/Owner of Help-U-Sell Conejo Valley, a Progressive, Full Service Real Estate Agency, David Bartels advocates for homeowners by helping them keep much more of their equity, by offering home sellers all the services they expect from a full fee real estate agent… and probably more, for a low set fee. In addition, David Bartels is recognized as advocate of homeowners rights and has developed three other consumer oriented real estate companies. To help homeowners faced with foreclosure, David founded and continues to operate Home Loan Advocates, Inc. (HLA). HLA is a real estate consulting firm that specializes in distressed property solutions and helping homeowners find alternatives to foreclosure. David has developed a reputation for successfully negotiating short sale transactions previously denied by the bank and identifying solutions for complicated transactions. Closing over 200 short sale transactions per year, HLA is a nationally recognized leader in finding distressed property solutions and short sale negotiations. In his role as President and CEO, David speaks to groups of Real Estate Professionals, Homeowners and Real Estate Investors on subjects related to foreclosure avoidance, short sales and real estate investing. Prior to that he founded Selling Smarter and US Home Loan Advocates, Inc.. As founder of Selling Smarter, David invented a consumer-friendly, technology assisted, sales process based on education and full disclosure to consumers. This process allowed consumers to make better decisions from clearly understanding all their options. Part of this process was to teach mortgage loan officers to focus on helping the homeowner get the right product versus offering the most profitable product (often the most risky). As Founder, President, and CEO of US Home Loan Advocates, Inc. (USHLA), David pioneered the "no-upfront fee" loan modification concept during a time when loan modification scams were making national headlines. USHLA became the only loss mitigation company ever endorsed by the National Association of Mortgage Brokers.

WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0). With last month’s decline, the index reading is still the third highest in the past year, but declined year-over-year for the first time since August 2014. Lawrence Yun, NAR chief economist, says pending sales slumped in May across most of the country. “With demand holding firm this spring and homes selling even faster than a year ago1, the notable increase in closings in recent months took a dent out of what was available for sale in May and ultimately dragged down contract activity,” he said. “Realtors® are acknowledging with increasing frequency lately that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market.” Despite mortgage rates hovering around three-year lows for most of the year, Yun says scant supply and swiftly rising home prices – which surpassed their all-time high last month2 – are creating an availability and affordability crunch that’s preventing what should be a more robust pace of sales.“Total housing inventory at the end of each month has remarkably decreased year-over-year now for an entire year3,” adds Yun. “There are simply not enough homes coming onto the market to catch up with demand and to keep prices more in line with inflation and wage growth.” Looking ahead to the second half of the year, Yun says the fallout from the U.K.’s decision to leave the European Union breeds both immediate opportunity as well as potential headwinds for the U.S. housing market.“In the short term, volatility in the financial markets could very likely lead to even lower mortgage rates and increased demand from foreign buyers looking for a safer place to invest their cash,” he said. “On the other hand, any prolonged market angst and further economic uncertainty overseas could negatively impact our economy and end up tempering the overall appetite for homebuying.” In spite of last month’s step back in contract signings, existi

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visit http://honishreport.com/ for full VIDEO replay

visit http://honishreport.com/ for full VIDEO replay

PBS NEWS HOUR: According to a new report, more than 40 million American households are spending a third of their income on rent, and housing shortages in major cities such as New York and San Francisco may ultimately lead to billions of dollars in lost economic productivity. Special correspondent Duarte Geraldino reports on the origins of the problem and why it has progressed to such a drastic level.

Donald Trump spoke in Las Vegas on Saturday, declaring that the mass shooting at a gay nightclub in Orlando, Florida, a week ago demonstrates the need to fight terrorism. The presumptive Republican presidential nominee spoke to an audience that packed the 1,600-seat Mystere theater at the TI, 3300 Las Vegas Blvd. South. The otherwise peaceful event was disrupted by the arrest of 19-year-old Michael Sandford. He was arrested after he began a conversation with a uniformed Metro officer “on the pretense of seeking an autograph” and then tried to disarm the officer, the Metropolitan Police Department said. Trump’s wide-ranging stump speech touched on themes familiar since he announced his unconventional run for president a year ago.“It’s radical Islamic terrorism and it’s not guns,” Trump said of the Orlando attack. “It’s not guns, it’s terrorism.” The perpetrator in the Orlando attack, Omar Mateen, 29, of Fort Pierce, Florida, had pledged allegiance to the Islamic State terror group and killed 49 people and injured 53 before Orlando police shot him dead. The war on terror is different from past wars, in which the enemy was known, Trump said. “Today you don’t know who the hell it is and …. you are going to have problems the likes of which you’ve never seen unless Donald Trump becomes the president,” he said. Trump said the attack shows the need for having secure borders and strong immigration policies, pointing out that the attack in Florida was from just one person. The many people entering the United States, Trump said, are comparable to the Trojan horse. In that story, the ancient Greeks hid in a hollow wooden horse to slip into Troy and attack the city. “This is one man,” he said. “We’re letting in millions of people. This could be the great Trojan horse. We all know the story of the Trojan horse.” Trump’s promises included doing away with the Affordable Care Act; the crowd cheered when he took aim at the health law.“We’re going to repeal and replace that horror show called Obamacare,” Trump told supporters. Trump also promised to increase the nation’s military strength and fight terror.“We’re going to knock the hell out of ISIS,” Trump said. Also, Trump called for taking better care of veterans and repeated his now-famous refrain to secure borders and build a wall along the border with Mexico. Trump spoke of his victories against former Republican candidates. “I spent less money than

Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining some strength. The S&P/Case-Shiller national home-price index, released Tuesday, has clawed its way back to within 4% of its 2006 peak, a steep rise from the near 30% decline at the bottom in 2012. U.S. new-home sales, meanwhile, in April posted their strongest month in more than eight years, with a nearly 17% jump from a month earlier, the Commerce Department said last week. After years of volatility, home prices have grown at a rate around 5% since early 2015. That bodes well for sellers heading into the peak home-selling season in May and June but could pose challenges for buyers, especially first-timers who may be priced out of the market as supply, particularly among starter homes, remains thin. But the rise in prices comes amid lingering weakness in some parts of the market. Overall sales volume and new construction remain well below their pre-crisis peaks. And a broader collection of figures point to an uneven recovery that has seen a flourishing market at the high end, mainly in big U.S. cities, while the lower end lags. “It’s a great market if you have pristine credit and lots of money,” said Sean Becketti, chief economist at Freddie Mac. “The people starting out who are looking for that first home—they’re having a tougher time.” ENLARGE Despite the unbalanced recovery, Federal Reserve officials have seen housing as a bright spot for the U.S. economy in recent years. Residential construction has contributed to overall economic output for eight straight quarters, expanding at a 17% annual rate in a first quarter marked by slow growth in other sectors. Yet while sales are increasing, they have nonetheless been stymied by a lack of new inventory and first-time home buyers. Sales of existing homes, which account for the bulk of the overall market, clocked in at a 5.45 million seasonally adjusted annual rate in April, the second consecutive monthly increase but below the peak seen during the last decade’s boom. The S&P/Case-Shiller national index rose 5.2% in March. But that is mainly because of a lack of inventory, economists said. When adjusted for inflation the S&P/Case-Shiller index remains about 20% below its peak reached in 2006. Building activity, meanwhile, remains muted compared with normal markets. April’s single-family housing starts

this is all about using a closing gift to go viral... going viral means your clients talk about you to other potential clients... here is a note from Realtor.com about closing gifts: Not giving anything: “You don’t have to spend a fortune,” Wendling says. “You give based on what you can afford and what you think it’s worth.” Yet some real estate professionals are adamant that they shouldn’t be expected to give a gift in return for their service. Like it or not, closing gifts have almost become an expectation among many buyers and sellers. Giving nothing could backfire and may make some clients feel snubbed, Wendling says.

The Huffington Post has removed an article on its website Sunday, claiming that the FBI plans to indict Hillary Clinton on federal racketeering charges. As Breitbart first reported, HuffPo freelance contributor Frank Huguenard, a scientist and public speaker, posted an article on the site’s blog entitled “Hillary Clinton to be Indicted on Federal Racketeering Charges.” Huguenard wrote: The Racketeer Influenced and Corrupt Organizations Act (RICO) is a United States Federal Law passed in 1970 that was designed to provide a tool for law enforcement agencies to fight organized crime. RICO allows prosecution and punishment for alleged racketeering activity that has been executed as part of an ongoing criminal enterprise. official MintPress sponsor Activity considered to be racketeering may include bribery, counterfeiting, money laundering, embezzlement, illegal gambling, kidnapping, murder, drug trafficking, slavery, and a host of other nefarious business practices. James Comey and The FBI will present a recommendation to Loretta Lynch, Attorney General of the Department of Justice, that includes a cogent argument that the Clinton Foundation is an ongoing criminal enterprise engaged in money laundering and soliciting bribes in exchange for political, policy and legislative favors to individuals, corporations and even governments both foreign and domestic. If accurate, this could be a terminal hit to Hillary’s presidential chances, and it is obvious why a left-leaning medium, and audience, would be disturbed by its content. The piece was publicized on Twitter by conservatives including Clinton critic Jared Wyand: https://twitter.com/JaredWyand/status/737015753891799041 It is unclear at this time whether the article was taken down due to editorial intervention happened to the article, or a technical glitch, although the article link now directs to a page that says “404” with a frownie face and the message “This is so embarrassing” after Huffington Post took the piece down Sunday.

“This is an economy that can’t find the bottom of bad news,” one reporter says.“Ten years of saving, completely gone — vanished,” another says.“The biggest crash of household wealth that we’ve ever had in the United States,” someone else says.“9 million Americans lost their jobs,” text on the screen reads. “5 million families lost their homes,” another follows.“And the man who could be our next president was rooting for it to happen,” it says over a picture of Trump sitting in an ornately decorated room. Then audio from 2006 begins playing where Trump says: “I sort of hope that happens because then people like me would go in and buy. If there is a bubble burst, as they call it, you know, you could make a lot of money.”“If Donald wins, you lose,” the final text on the screen reads. Tuesday afternoon the Clinton campaign held a call with reporters with Rep. Tim Ryan, D-Ohio, and Mayor Bob Buckhorn, D-Fla., to slam Trump over his comments. “They may look like nameless, faceless numbers from his perch, gold-plated perch, in Trump Tower, but these are real human beings in real communities that are just trying to get ahead,” Ryan said. The assumed general election matchup (while not guaranteed, Vermont Sen. Bernie Sanders is still in the race) between Clinton and Trump has already started to get nasty. On Tuesday, Trump’s campaign manager, Corey Lewandowski, to expect an even more aggressive Trump moving forward.“He’s not going to let these attacks pass. He’s going to engage, and he’s going to engage harder than they’ve ever been used to. And you know what the American people say? They want a fighter,” Lewandowski said on CBS News’ This Morning. Donald Trump released a statement in reply to the video early Tuesday evening. "I am a businessman and I have made a lot of money in down markets. In some cases as much as I’ve made when markets are good. Frankly, this is the kind of thinking our country needs, understanding how to get a good result out of a very bad and sad situation," Trump said in the statement. "Politicians have no idea how to do this – they don’t have a clue.

Generate Leads Real estate search is dominated by Trulia, Zillow, Realtor.com, Redfin and Google. Even top producers are in no position to compete with those giant companies. MONSTER Marketing System is based on PERMISSION & RE-DIRECTIONAL MARKETING that re-directs prospects to Realtors before they become online leads. MONSTER enables real estate professionals and investors to generate leads on their own terms… on demand.

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Trump will pop bubble if elected WASHINGTON (Reuters) - Democrat Hillary Clinton, seeking to dampen Republican presidential candidate Donald Trump’s growing appeal with working-class voters, on Tuesday accused him of having cheered on the 2008 housing market crash. Clinton‘s campaign released an ad with audio the presumptive Republican nominee had recorded in 2006 for his now-defunct Trump University venture. Trump, a billionaire real estate developer, said of a “bubble burst” that “I sort of hope that happens because then people like me would go in and buy” property and “make a lot of money.” Clinton‘s campaign and her surrogates have seized on the recording to argue that she would take better care of the U.S. economy. She is seeking to blunt the inroads that Trump has been making with voters in crucial states such as Florida and Ohio. Trump, in a statement released Tuesday afternoon, defended the comments as the mark of shrewd dealmaking, arguing that he would bring that sort of sharp business acumen with him to the White House.“Frankly, this is the kind of thinking our country needs, understanding how to get a good result out of a very bad and sad situation. Politicians have no idea how to do this – they don’t have a clue,” he said. Trump has never held elected office and often touts his history as a businessman in response to accusations that he is unprepared to assume the presidency. Opinion polls in key states show Clinton, the front-runner for the Democratic nomination, and Trump are in a tight race ahead of the Nov. 8 U.S. presidential election. Nationally, Trump has been rising in polls to pull roughly even with Clinton. Clinton surrogates from Ohio and Florida held a conference call with reporters about Trump’s statements. Her campaign also hosted related events in Virginia, Pennsylvania, New Hampshire, Iowa, Colorado and Nevada, which will all be battlegrounds in November’s general election.“How could Trump possibly champion the collapse of the housing market and our economy?” U.S. Representative Tim Ryan of Ohio said on the call. Clinton, meanwhile, is still fighting on two fronts as she seeks to wrap up her primary battle with Democratic rival Bernie Sanders, a U.S. senator from Vermont. CLICK HERE & GET LISTINGS TOMORROW“MONSTER MARKETING WEBINAR UPDATED & EXPLAINED” Clinton and Sanders both campaigned on Tuesday in California, which is among six states holding Democratic nominating contests on