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Best of the Blogs, Real Estate: Barclays Is Bullish on the Housing Market

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The new Facebook millionaires may give a boost to home prices.

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Housing Wire
Link: Barclays bullish on housing

"Analysts at Barclays Capital (BCS) conclude that the housing market is no longer a drag on the economy."

"Based on recent macroeconomic data, paired with the latest round of homebuilder results, we are more bullish on housing and the fundamentals of the homebuilders," they say in a Friday research note."

Business Exchange: Mortgage Bank Rates
Link: Current Mortgage Rates Remain Low as Refinance Activity Declines

"We continue to see low current mortgage rates as we head into May. Mortgage rates which have been hovering just above record lows increased slightly in the Weekly Application Survey released by the Mortgage Bankers Association.

"In the survey, mortgage rates on 30 year conforming mortgages averaged 4.05% with 0.44 mortgage points for the week ending April 27, up from last week's average 30 year rate of 4.04% with 0.40 points. We will see rates decrease in next week's survey, in fact 30 year rates will probably drop below 4.00% since Treasury yields have declined since April 27th."

Calculated Risk
Link: Graph: US Housing Market Summary

"Wayne Yamano at John Burns Real Estate Consulting sent me the following graphic last night. This provides a summary of the US housing market in one graph."

AOL: AOL Real Estate
Link: 'Facebook Effect': Palo Alto Home Prices Up, Inventory Down

"Mark Zuckerberg may have been content renting a modest bungalow, but chances are the coming wave of Facebook millionaires have something more grand in mind. At least that's the thinking behind the so-called "Facebook effect"-- the anticipated demand for high-end housing following the company's May IPO. Since the beginning of the year, prices have climbed more than 10 percent in Palo Alto, Calif., where the company is headquartered."

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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