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Amateur investors tap 401(k)s to buy homes
from cnn.com — In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures -- like tapping their retirement accounts -- to fund the deals.
Share Redfin Reports Gains in Inventory, Sales, and Prices for April
— The housing market came out of April in a particularly strong position, according to Redfin's latest Real-Time Price Tracker, with prices, sales, and inventory posting gains across the country. Redfin's monthly report--based on home prices, sales, and inventory across 19 U.S. markets--shows prices rose 4.9 percent in April on a monthly basis and 16.1 percent on a yearly basis. Meanwhile, the number of homes for sale increased 6.4 percent from March to April.
Share Fannie Mae: Economy Will 'Reaccelerate' in 2nd Half of 2013
— Fiscal drags such as the sequester may have weakened economic momentum, but the economy should "reaccelerate" in the second half of this year as financial and housing conditions improve, according to Fannie Mae's Economic and Strategic Research Group. In its most recent economic outlook, the group revealed expectations for the economy to continue the modest recovery and grow 2.2 percent this year, up from 1.7 percent in 2012 and 2 percent in 2011.
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RE/MAX: Monthly Inventory Rises for First Time in 33 Months
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HUGE MISS: Housing Starts Fall 16.5% To 853000 - Business Insider
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Fixed Rates Climb for 2nd Straight Week
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D-FW home foreclosures down almost 40 percent this year - Dallas Morning News (blog)
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HUD and Census Bureau Announce New Construction Activity in April
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California Housing Market Made Exceptional Gains Last Month